Golkunda Diamonds & Jewellery Ltd

Golkunda Diamonds & Jewellery Ltd

₹ 175 -2.75%
24 Apr 3:32 p.m.
About

Incorporated in 1960, Golkunda Diamonds & Jewellery Ltd manufactures and exports Gold Jewellery studded with Diamonds and other stones.

Key Points

Business Overview:[1]
Company manufactures diamond studded gold jewelry and exports to customers worldwide. Company's facility is located in Special Economic Zone. It has expertise in products set in rounds, baguettes jewelry and makes jewelry from big sized necklaces, pendants to small stud earrings and ring bands.

  • Market Cap 122 Cr.
  • Current Price 175
  • High / Low 275 / 85.6
  • Stock P/E 16.0
  • Book Value 66.7
  • Dividend Yield 0.87 %
  • ROCE 18.4 %
  • ROE 22.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 61.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.8%

Cons

  • Stock is trading at 2.66 times its book value
  • Promoter holding has decreased over last quarter: -0.78%
  • 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

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
52.66 75.79 60.30 56.59 60.81 60.36 66.62 54.84 55.86 56.12 54.90 44.45 50.45
51.81 72.16 58.22 54.46 56.74 56.25 61.72 51.81 52.18 52.41 53.49 41.45 45.36
Operating Profit 0.85 3.63 2.08 2.13 4.07 4.11 4.90 3.03 3.68 3.71 1.41 3.00 5.09
OPM % 1.61% 4.79% 3.45% 3.76% 6.69% 6.81% 7.36% 5.53% 6.59% 6.61% 2.57% 6.75% 10.09%
0.09 0.12 0.09 0.10 0.10 0.17 0.10 0.10 0.10 0.16 0.15 0.16 0.15
Interest 0.45 0.37 0.37 0.40 0.76 0.28 0.57 0.60 0.79 0.65 0.74 0.74 0.73
Depreciation 0.12 0.13 0.14 0.15 0.16 0.15 0.16 0.16 0.16 0.18 0.23 0.24 0.24
Profit before tax 0.37 3.25 1.66 1.68 3.25 3.85 4.27 2.37 2.83 3.04 0.59 2.18 4.27
Tax % 27.03% 30.77% 27.71% 27.38% 22.77% 36.36% 25.29% 28.27% 22.26% 23.36% 25.42% 25.23% 25.06%
0.27 2.25 1.19 1.22 2.51 2.45 3.20 1.70 2.20 2.34 0.44 1.63 3.19
EPS in Rs 0.39 3.23 1.71 1.75 3.60 3.52 4.59 2.44 3.16 3.36 0.63 2.34 4.58
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
116 113 120 93 98 84 86 109 133 173 238 233 206
111 108 109 86 90 80 82 104 128 168 226 218 193
Operating Profit 5 6 11 7 8 4 4 4 5 5 12 15 13
OPM % 4% 5% 9% 8% 8% 4% 5% 4% 4% 3% 5% 7% 6%
0 0 -0 0 -0 0 0 0 0 0 0 0 1
Interest 3 3 3 4 3 2 3 2 2 1 2 3 3
Depreciation 0 0 0 0 0 0 0 0 0 0 1 1 1
Profit before tax 2 2 8 3 4 1 1 2 3 4 10 13 10
Tax % 36% 33% 36% 37% 33% 35% 33% 31% 29% 30% 29% 25%
1 2 5 2 3 1 1 1 2 3 7 9 8
EPS in Rs 1.75 2.17 7.25 2.89 4.05 1.19 1.23 1.94 3.13 3.86 10.58 13.54 10.91
Dividend Payout % 0% 0% 7% 17% 15% 29% 0% 41% 32% 31% 14% 11%
Compounded Sales Growth
10 Years: 7%
5 Years: 22%
3 Years: 21%
TTM: -13%
Compounded Profit Growth
10 Years: 20%
5 Years: 61%
3 Years: 63%
TTM: -20%
Stock Price CAGR
10 Years: 33%
5 Years: 78%
3 Years: 116%
1 Year: 67%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 19%
Last Year: 23%

Balance Sheet

Figures in Rs. Crores

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 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 7 9 13 15 17 18 19 20 21 24 30 39 39
31 35 32 35 34 35 34 30 29 33 41 40 38
9 12 9 3 6 8 8 7 8 14 19 20 23
Total Liabilities 55 63 61 60 65 68 67 65 65 77 97 106 107
3 3 3 3 3 3 2 3 3 4 4 8 10
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
52 60 58 57 62 65 65 62 62 74 93 98 97
Total Assets 55 63 61 60 65 68 67 65 65 77 97 106 107

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2 -5 -4 -3 -1 1 4 3 2 2 -5 11
-0 2 7 0 3 1 -0 2 1 -3 -2 -5
3 4 -3 2 -1 -2 -3 -6 -3 2 6 -4
Net Cash Flow 0 1 -0 0 1 0 0 -1 0 1 -1 2

Ratios

Figures in Rs. Crores

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 118 163 115 148 158 178 184 130 95 77 84 94
Inventory Days 39 20 61 70 65 85 73 58 60 55 41 39
Days Payable 28 38 18 3 16 29 29 22 19 26 26 28
Cash Conversion Cycle 129 145 158 215 207 234 228 166 135 106 99 104
Working Capital Days 129 147 146 203 198 233 226 165 132 107 99 103
ROCE % 11% 12% 21% 13% 13% 6% 6% 7% 8% 9% 17% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.36% 73.36% 73.36% 73.36% 73.36% 73.51% 73.57% 73.59% 73.59% 73.60% 73.57% 72.80%
26.64% 26.64% 26.64% 26.64% 26.64% 26.50% 26.43% 26.42% 26.42% 26.41% 26.43% 27.19%
No. of Shareholders 6,7196,6746,6276,5966,7707,0946,7136,6856,7216,8376,8158,109

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