Sunraj Diamond Exports Ltd

Sunraj Diamond Exports Ltd

₹ 12.2 4.97%
29 Apr - close price
About

Incorporated in 1991, Sunraj Diamond Ltd is in the business of manufacturing, trading and exporting of gold jewelry, cut and polished diamond and silver items.

Key Points

Product Range:[1]
a) Rough Diamonds: Company sources its raw material from Gokhran and Angola, along with smaller miners in Africa.
b) Polished Diamonds: Company maintains a stock of diamonds ranging from 0.01 carats till 0.10 carats. These diamonds are sourced through partnerships with manufacturers based in Surat.
c) Gold/Diamond Jewelry: Company manufactures gold and diamond jewelry for B2C business and caters to private clients. Company specializes in Solitaire wedding rings, Wedding bands, Cocktail rings & earrings, Solitaire earrings and Tennis bracelets. All heavy necklaces and other intricate jewelry are catered on a made to order basis. Company outsources its manufacturing to several manufacturers in Mumbai and Surat while all the raw materials like Gold and Diamonds and coloured stones are procured by company to complete the piece of jewelry. Jewelry is manufactured
in 18, 14 and 10 carat gold.

  • Market Cap 6.52 Cr.
  • Current Price 12.2
  • High / Low 12.4 / 5.78
  • Stock P/E 15.9
  • Book Value 4.45
  • Dividend Yield 0.00 %
  • ROCE 5.06 %
  • ROE 49.9 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.75 times its book value
  • Company has a low return on equity of -1.84% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 2,368 days.

* 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: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.11 0.51 0.89 0.40 1.68 1.41 0.67 0.19 0.35 0.15 1.40 0.53 0.17
0.11 0.67 0.91 0.37 1.59 1.40 0.72 0.27 0.37 0.33 1.43 0.59 0.24
Operating Profit 0.00 -0.16 -0.02 0.03 0.09 0.01 -0.05 -0.08 -0.02 -0.18 -0.03 -0.06 -0.07
OPM % 0.00% -31.37% -2.25% 7.50% 5.36% 0.71% -7.46% -42.11% -5.71% -120.00% -2.14% -11.32% -41.18%
-0.16 0.47 0.18 -0.02 0.01 0.22 0.43 0.32 0.19 0.35 0.07 0.07 0.30
Interest 0.23 0.28 0.12 0.02 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax -0.39 0.03 0.04 -0.01 0.08 0.22 0.38 0.23 0.16 0.16 0.03 0.00 0.22
Tax % 0.00% 233.33% 0.00% 0.00% 0.00% 4.55% 0.00% 0.00% -12.50% 12.50% 0.00% 0.00%
-0.39 -0.04 0.03 -0.01 0.07 0.20 0.37 0.23 0.18 0.15 0.03 0.01 0.22
EPS in Rs -0.73 -0.08 0.06 -0.02 0.13 0.38 0.69 0.43 0.34 0.28 0.06 0.02 0.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
53.36 50.73 39.36 21.40 3.18 0.58 0.63 1.93 0.78 1.24 4.38 1.37 2.25
53.12 49.64 38.48 21.09 4.13 1.34 1.26 2.46 1.58 1.58 4.36 1.71 2.59
Operating Profit 0.24 1.09 0.88 0.31 -0.95 -0.76 -0.63 -0.53 -0.80 -0.34 0.02 -0.34 -0.34
OPM % 0.45% 2.15% 2.24% 1.45% -29.87% -131.03% -100.00% -27.46% -102.56% -27.42% 0.46% -24.82% -15.11%
1.96 0.76 0.82 0.94 1.42 -0.35 0.25 1.10 1.35 0.00 0.46 1.30 0.79
Interest 0.77 0.85 1.27 1.16 1.39 1.13 1.15 1.10 0.70 0.90 0.17 0.01 0.00
Depreciation 0.10 0.12 0.13 0.13 0.22 0.09 0.10 0.03 0.03 0.00 0.01 0.02 0.04
Profit before tax 1.33 0.88 0.30 -0.04 -1.14 -2.33 -1.63 -0.56 -0.18 -1.24 0.30 0.93 0.41
Tax % 34.59% 36.36% 36.67% -25.00% 25.44% 0.43% 0.61% -5.36% -27.78% -5.65% 3.33% 0.00%
0.87 0.56 0.19 -0.05 -0.85 -2.33 -1.61 -0.59 -0.24 -1.31 0.29 0.93 0.41
EPS in Rs 1.63 1.05 0.36 -0.09 -1.59 -4.37 -3.02 -1.11 -0.45 -2.46 0.54 1.74 0.77
Dividend Payout % 61.26% 95.18% 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: -30%
5 Years: 17%
3 Years: 21%
TTM: -14%
Compounded Profit Growth
10 Years: 5%
5 Years: 21%
3 Years: 76%
TTM: -58%
Stock Price CAGR
10 Years: -2%
5 Years: 11%
3 Years: 88%
1 Year: 104%
Return on Equity
10 Years: -13%
5 Years: -9%
3 Years: -2%
Last Year: 50%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33
Reserves 2.64 2.57 2.77 2.72 1.86 -0.47 -2.08 -2.67 -2.91 -4.22 -3.93 -3.00 -2.96
14.02 14.34 11.94 9.83 8.48 9.99 13.72 11.98 12.66 14.02 16.95 16.48 16.46
7.27 11.28 10.31 8.44 5.33 4.00 2.19 3.38 2.48 1.75 0.33 2.86 8.56
Total Liabilities 29.26 33.52 30.35 26.32 21.00 18.85 19.16 18.02 17.56 16.88 18.68 21.67 27.39
1.95 2.06 1.96 1.83 0.30 0.21 0.12 0.09 0.06 0.05 0.08 0.14 0.12
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60
27.31 30.86 27.79 23.89 20.10 18.04 18.44 17.33 16.90 16.23 18.00 20.93 26.67
Total Assets 29.26 33.52 30.35 26.32 21.00 18.85 19.16 18.02 17.56 16.88 18.68 21.67 27.39

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-6.72 1.89 4.04 1.47 0.32 -0.42 -2.58 2.89 0.01 -0.38 -2.55 0.81
0.08 -0.74 0.05 0.07 -0.36 0.00 0.00 0.00 -0.01 0.00 -0.04 -0.08
6.50 -1.15 -3.97 -2.75 0.00 0.38 2.58 -2.84 -0.03 0.42 2.77 -0.48
Net Cash Flow -0.14 0.00 0.12 -1.20 -0.03 -0.04 0.00 0.05 -0.04 0.03 0.19 0.24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 136.40 187.57 208.19 354.60 2,062.59 10,270.34 9,466.83 2,867.05 7,505.90 4,538.95 950.00 2,368.50
Inventory Days 28.61 17.14 27.68 29.64 69.75 227.26 365.00 102.85 138.80 179.78 555.88 3,412.75
Days Payable 31.02 69.33 89.35 116.91 497.52 2,141.79 842.31 463.81 1,120.70 860.75 23.28 863.83
Cash Conversion Cycle 133.98 135.39 146.52 267.33 1,634.82 8,355.82 8,989.52 2,506.08 6,524.00 3,857.98 1,482.60 4,917.42
Working Capital Days 129.49 129.87 146.24 254.82 1,609.21 9,087.24 9,681.19 2,713.86 6,602.76 4,179.84 1,442.50 4,670.40
ROCE % 11.71% 7.87% 7.43% 5.91% -0.48% -7.86% -3.02% 3.42% 3.30% -2.25% 2.81% 5.06%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
35.93% 35.93% 37.29% 37.29% 37.29% 37.29% 37.29% 37.29% 37.29% 41.27% 41.27% 41.27%
0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
63.90% 63.90% 62.54% 62.54% 62.54% 62.54% 62.54% 62.55% 62.53% 58.55% 58.56% 58.57%
No. of Shareholders 8,7708,7828,8588,9548,9648,9668,9828,9968,9929,3059,4309,449

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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