Dev Labtech Venture Ltd
Incorporated in 1993, Dev Labtech Venture Limited is a Premier Lab Grown Diamond & Jewellery Manufacturer[1]
- Market Cap ₹ 77.7 Cr.
- Current Price ₹ 94.0
- High / Low ₹ 137 / 55.0
- Stock P/E 58.0
- Book Value ₹ 24.4
- Dividend Yield 0.00 %
- ROCE 9.75 %
- ROE 7.10 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 50.5 to 39.7 days.
Cons
- Stock is trading at 3.85 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.49% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 11.79 | 12.24 | 26.98 | 30.34 | 43.22 | |
| 11.41 | 11.96 | 26.28 | 28.43 | 40.35 | |
| Operating Profit | 0.38 | 0.28 | 0.70 | 1.91 | 2.87 |
| OPM % | 3.22% | 2.29% | 2.59% | 6.30% | 6.64% |
| 0.00 | 0.04 | 0.12 | 0.16 | 0.01 | |
| Interest | 0.18 | 0.16 | 0.14 | 0.10 | 0.12 |
| Depreciation | 0.15 | 0.11 | 0.09 | 0.55 | 0.93 |
| Profit before tax | 0.05 | 0.05 | 0.59 | 1.42 | 1.83 |
| Tax % | 100.00% | 40.00% | 16.95% | 27.46% | 26.78% |
| 0.00 | 0.04 | 0.49 | 1.02 | 1.34 | |
| EPS in Rs | 0.00 | 1.91 | 3.90 | 1.23 | 1.62 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 52% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 222% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.21 | 0.21 | 1.26 | 8.27 | 8.27 |
| Reserves | 1.24 | 1.28 | 0.77 | 10.61 | 11.94 |
| 1.54 | 1.78 | 1.23 | 1.13 | 1.10 | |
| 4.13 | 3.87 | 5.68 | 3.72 | 7.36 | |
| Total Liabilities | 7.12 | 7.14 | 8.94 | 23.73 | 28.67 |
| 0.81 | 0.71 | 0.37 | 4.15 | 5.01 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6.31 | 6.43 | 8.57 | 19.58 | 23.66 | |
| Total Assets | 7.12 | 7.14 | 8.94 | 23.73 | 28.67 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 0.30 | -0.08 | 0.18 | -5.72 | -9.28 | |
| -0.02 | -0.01 | 0.36 | -4.17 | -1.78 | |
| -0.26 | 0.08 | -0.50 | 15.63 | 5.43 | |
| Net Cash Flow | 0.02 | -0.01 | 0.04 | 5.74 | -5.63 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 70.28 | 89.16 | 55.20 | 56.54 | |
| Inventory Days | 191.01 | 123.38 | 48.27 | 122.84 | |
| Days Payable | 192.65 | 160.22 | 85.88 | 33.95 | |
| Cash Conversion Cycle | 68.63 | 52.32 | 17.58 | 145.43 | |
| Working Capital Days | 57.89 | 67.99 | 34.36 | 120.30 | |
| ROCE % | 6.71% | 18.99% | 11.69% |
Business Area[1] Dev Labtech Venture Ltd. (DLVL) is in the business of manufacturing, marketing and sourcing diamonds - Natural and Lab-grown having wide application in Jewellery.