Swarnsarita Jewels India Ltd

Swarnsarita Jewels India Ltd

₹ 32.1 -4.26%
28 Mar - close price
About

Incorporated in 2005, Swarnsarita Jewels India Ltd is a manufacturer, wholesaler and retailer of Gold and Diamond Jewelry

Key Points

Business Overview:[1]
Company is involved in the business of Export & Import and Manufacturing & Trading of Polished Diamonds, Gems & Jewelry

  • Market Cap 67.1 Cr.
  • Current Price 32.1
  • High / Low 42.4 / 15.5
  • Stock P/E 12.4
  • Book Value 58.7
  • Dividend Yield 0.00 %
  • ROCE 6.16 %
  • ROE 4.41 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.55 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.8% over past five years.
  • Company has a low return on equity of 5.91% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 57.7% of their holding.

* 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

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
240.17 209.22 121.40 263.55 257.12 199.12 207.46 269.38 231.08 139.74 172.57 179.35 175.11
236.46 206.04 119.34 261.09 253.63 197.57 203.70 263.39 232.59 137.12 164.51 179.06 173.76
Operating Profit 3.71 3.18 2.06 2.46 3.49 1.55 3.76 5.99 -1.51 2.62 8.06 0.29 1.35
OPM % 1.54% 1.52% 1.70% 0.93% 1.36% 0.78% 1.81% 2.22% -0.65% 1.87% 4.67% 0.16% 0.77%
1.38 1.79 1.53 2.13 1.70 2.84 2.11 0.93 0.18 0.80 0.34 1.64 1.29
Interest 1.68 2.02 1.63 1.73 1.64 1.92 2.11 2.65 1.07 1.96 2.06 2.36 2.53
Depreciation 0.07 0.06 0.07 0.07 0.07 0.05 0.06 0.06 0.07 0.08 0.07 0.07 0.08
Profit before tax 3.34 2.89 1.89 2.79 3.48 2.42 3.70 4.21 -2.47 1.38 6.27 -0.50 0.03
Tax % 26.65% 34.26% 0.00% 44.44% 25.29% 22.31% 24.86% 26.84% 25.91% 21.74% 25.04% 26.00% 33.33%
2.45 1.90 1.90 1.56 2.60 1.87 2.77 3.08 -1.83 1.07 4.71 -0.38 0.03
EPS in Rs 1.17 0.91 0.91 0.75 1.25 0.90 1.33 1.48 -0.88 0.51 2.26 -0.18 0.01
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
72 157 170 240 321 286 485 548 559 575 840 848 667
71 156 168 235 317 281 479 542 552 565 831 837 654
Operating Profit 1 1 2 5 4 5 6 6 7 11 10 11 12
OPM % 1% 1% 1% 2% 1% 2% 1% 1% 1% 2% 1% 1% 2%
1 1 2 3 4 4 5 6 7 4 8 4 4
Interest 0 0 1 3 4 4 4 5 6 6 7 8 9
Depreciation 0 0 0 0 0 0 0 0 1 0 0 0 0
Profit before tax 2 2 3 5 4 4 6 7 8 8 11 7 7
Tax % 13% 21% 20% 32% 31% 31% 33% 33% 31% 29% 25% 25%
1 2 2 3 3 3 4 5 5 6 8 5 5
EPS in Rs 0.67 0.77 1.01 1.48 1.28 1.37 2.06 2.26 2.54 2.88 3.87 2.44 2.60
Dividend Payout % 75% 65% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 12%
3 Years: 15%
TTM: -26%
Compounded Profit Growth
10 Years: 12%
5 Years: 3%
3 Years: -1%
TTM: -8%
Stock Price CAGR
10 Years: -2%
5 Years: 21%
3 Years: 35%
1 Year: 90%
Return on Equity
10 Years: 5%
5 Years: 6%
3 Years: 6%
Last Year: 4%

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 20 21 21 21 21 21 21 21 21 21 21 21 21
Reserves 51 53 55 58 61 64 68 73 78 84 92 97 102
0 0 15 48 75 79 105 131 101 117 126 117 121
26 11 30 8 11 7 10 8 8 4 6 3 8
Total Liabilities 98 85 121 135 168 170 204 233 208 226 245 239 251
8 0 0 0 2 2 1 2 3 5 5 5 5
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 7 10 11 11 16 13 10 10 10 10 10 10 10
83 74 110 124 150 156 193 221 195 211 230 224 237
Total Assets 98 85 121 135 168 170 204 233 208 226 245 239 251

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
-27 -1 -13 -29 0 -17 6 -27 13 5 7 12
9 6 1 2 -4 5 5 2 1 -2 3 2
18 -5 16 37 22 0 -4 20 -35 9 2 -17
Net Cash Flow 1 -0 3 10 18 -12 8 -4 -21 13 12 -3

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 166 34 96 57 54 56 39 42 45 57 37 40
Inventory Days 174 90 89 82 66 101 60 70 62 50 38 33
Days Payable 105 22 65 8 11 5 2 2 1 1 1 1
Cash Conversion Cycle 235 101 120 130 109 152 98 110 106 106 74 72
Working Capital Days 282 145 161 155 105 145 90 114 110 111 78 77
ROCE % 2% 3% 4% 7% 6% 5% 6% 6% 6% 7% 8% 6%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
50.19% 50.19% 50.19% 50.19% 50.19% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03%
49.81% 49.81% 49.81% 49.81% 49.81% 47.97% 47.96% 47.98% 47.97% 47.97% 47.96% 47.96%
No. of Shareholders 6,1206,3076,5307,3137,5927,5037,5247,5767,5737,5988,0888,180

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