Narbada Gems & Jewellery Ltd

₹ 63.0 3.79%
07 Dec - close price
About

Narbada Gems and Jewellery Limited is engaged in the manufacturing and trading of Gold, Color Stones and Diamond jewellery with emphasis on rose cut and flat diamond jewellery [1]

Key Points

History
The Co was originally incorporated in 1992 as ‘Singh Foods Limited’. The name of the Co was changed to Starchik Specialities Limited in 1993. Subsequently, the Co was taken over by the present management in 2006 and its name was then changed to ‘Narbada Gems and Jewellery Limited’ in line with the present business activities [1]

  • Market Cap 133 Cr.
  • Current Price 63.0
  • High / Low 79.4 / 27.6
  • Stock P/E 26.1
  • Book Value 19.8
  • Dividend Yield 0.00 %
  • ROCE 12.4 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 70.5% CAGR over last 5 years
  • Debtor days have improved from 101 to 73.3 days.

Cons

  • Stock is trading at 3.17 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 10.9% over last 3 years.
  • Company might be capitalizing the interest cost

* 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
15.02 13.28 11.49 1.66 6.92 13.40 16.22 10.40 18.54 19.51 12.19 22.51 21.97
13.20 12.72 10.70 1.43 5.58 12.26 15.43 9.05 17.79 17.22 11.41 19.20 20.90
Operating Profit 1.82 0.56 0.79 0.23 1.34 1.14 0.79 1.35 0.75 2.29 0.78 3.31 1.07
OPM % 12.12% 4.22% 6.88% 13.86% 19.36% 8.51% 4.87% 12.98% 4.05% 11.74% 6.40% 14.70% 4.87%
0.00 0.00 0.04 0.00 0.00 -0.01 0.04 0.08 0.08 0.08 0.06 0.08 0.13
Interest 0.30 0.17 0.17 0.14 0.15 0.21 0.12 0.18 0.12 0.14 0.24 0.23 0.17
Depreciation 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.05
Profit before tax 1.48 0.35 0.62 0.05 1.15 0.88 0.67 1.21 0.67 2.19 0.55 3.11 0.98
Tax % 27.70% 28.57% 16.13% 20.00% 22.61% 22.73% 37.31% 25.62% 25.37% 25.11% 27.27% 25.08% 26.53%
Net Profit 1.07 0.26 0.52 0.04 0.89 0.68 0.43 0.91 0.50 1.64 0.41 2.33 0.72
EPS in Rs 0.89 0.22 0.43 0.03 0.74 0.56 0.28 0.60 0.33 0.93 0.23 1.10 0.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2.85 7.32 8.84 16.16 16.40 13.12 11.58 26.27 40.57 55.43 38.00 60.63 76.18
2.70 6.87 8.35 15.60 15.86 12.44 11.22 24.58 38.32 51.33 34.70 55.45 68.73
Operating Profit 0.15 0.45 0.49 0.56 0.54 0.68 0.36 1.69 2.25 4.10 3.30 5.18 7.45
OPM % 5.26% 6.15% 5.54% 3.47% 3.29% 5.18% 3.11% 6.43% 5.55% 7.40% 8.68% 8.54% 9.78%
0.01 0.04 0.02 0.00 0.00 0.00 0.00 0.00 0.13 0.08 0.23 0.31 0.35
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.30 0.76 0.62 0.70 0.78
Depreciation 0.00 0.00 0.00 0.02 0.01 0.02 0.02 0.02 0.07 0.15 0.15 0.16 0.19
Profit before tax 0.16 0.49 0.51 0.54 0.53 0.66 0.34 1.58 2.01 3.27 2.76 4.63 6.83
Tax % 0.00% 6.12% 19.61% 20.37% 18.87% 22.73% 32.35% 28.48% 27.86% 25.69% 26.09% 25.49%
Net Profit 0.16 0.46 0.41 0.43 0.42 0.51 0.24 1.13 1.44 2.43 2.03 3.46 5.10
EPS in Rs 0.30 0.85 0.76 0.80 0.78 0.95 0.81 1.41 1.45 2.02 1.34 1.96 2.60
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 24%
5 Years: 39%
3 Years: 14%
TTM: 30%
Compounded Profit Growth
10 Years: 22%
5 Years: 71%
3 Years: 34%
TTM: 102%
Stock Price CAGR
10 Years: 38%
5 Years: 18%
3 Years: 24%
1 Year: 98%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 11%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5.42 5.42 5.42 5.42 5.42 5.42 2.99 8.04 9.97 12.08 15.21 17.70
Reserves -4.21 -3.75 -3.34 -2.91 -2.49 -1.98 0.68 3.07 5.00 7.96 12.17 17.38
0.04 0.04 0.00 0.00 0.00 0.00 0.00 1.49 8.74 10.01 10.91 12.85
0.41 2.21 1.43 0.15 1.35 1.67 0.38 3.27 1.77 1.59 3.11 6.20
Total Liabilities 1.66 3.92 3.51 2.66 4.28 5.11 4.05 15.87 25.48 31.64 41.40 54.13
0.01 0.00 0.00 0.10 0.10 0.08 0.06 0.10 1.04 0.94 0.83 1.18
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.55
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.29 0.46
1.65 3.92 3.51 2.56 4.18 5.03 3.99 15.77 24.44 30.70 40.14 51.94
Total Assets 1.66 3.92 3.51 2.66 4.28 5.11 4.05 15.87 25.48 31.64 41.40 54.13

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0.58 -0.28 0.04 0.56 -0.37 -0.14 -0.05 -8.88 -7.76 -2.50 -7.11 -4.53
-0.01 0.00 0.00 -0.11 -0.02 0.00 0.00 -0.05 -1.02 -0.05 -0.15 -0.75
0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.97 8.81 2.50 8.13 4.43
Net Cash Flow -0.59 -0.28 0.04 0.45 -0.38 -0.14 -0.05 0.04 0.03 -0.04 0.87 -0.85

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 30.74 143.11 53.26 21.46 42.06 101.27 105.28 130.61 78.45 83.96 144.85 73.26
Inventory Days 148.92 50.57 94.09 23.83 48.89 40.87 21.00 96.51 147.68 126.77 261.60 266.08
Days Payable 32.12 114.89 60.00 2.67 31.16 48.79 9.45 27.55 8.49 9.81 2.78 27.57
Cash Conversion Cycle 147.54 78.79 87.35 42.61 59.80 93.34 116.82 199.56 217.64 200.91 403.67 311.77
Working Capital Days 108.86 78.29 79.28 40.20 57.42 90.42 112.53 188.96 208.10 190.76 367.50 281.44
ROCE % 13.68% 33.11% 26.91% 23.53% 19.49% 20.72% 9.56% 20.53% 12.72% 14.99% 9.89% 12.36%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
60.01 60.01 60.01 60.01 60.01 64.95 64.95 64.95 69.89 69.89 74.85 74.98
39.99 39.99 39.99 39.99 39.99 35.05 35.05 35.05 30.11 30.11 25.15 25.01

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