Uday Jewellery Industries Ltd

Uday Jewellery Industries Ltd

₹ 158 5.95%
19 Apr - close price
About

Uday Jewellery Industries Ltd is engaged in the business of manufacturing, sale and trading of stone-studded gold jewellery, diamond-studded jewellery and silver items and cubic zirconia with natural and color stones in different geographical areas i.e. domestic sales and export sales. It is a part of Sanghi Group. [1][2][3]

Key Points

History & Overview[1]
The Company was incorporated on May 13, 1999 under the name of Net Trade Innovations Private Limited.The Company was subsequently converted into a Public Limited Company on February 16, 2000. The name of the Company was changed to Hifunda.Com Limited on February 18, 2000. On June 04, 2004, the Company again changed its name to Hifunda Ltd. and changed its various business activities.
The name was changed to Uday Jewellery Industries Limited on 17th October, 2011 post their takeover by the present management. Currently, Company is carrying on the business of Trading in cz and colour stone studded jewellery.

  • Market Cap 349 Cr.
  • Current Price 158
  • High / Low 254 / 95.2
  • Stock P/E 32.5
  • Book Value 33.5
  • Dividend Yield 0.00 %
  • ROCE 15.6 %
  • ROE 15.0 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 25.0% of last 10 years

Cons

  • Stock is trading at 4.73 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 12.4% 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

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
38.19 38.43 9.87 29.74 46.73 35.19 42.39 44.63 44.67 45.04 34.21 42.48 54.65
35.13 36.93 9.84 27.80 43.74 32.24 39.06 41.61 41.14 41.63 30.04 38.73 50.40
Operating Profit 3.06 1.50 0.03 1.94 2.99 2.95 3.33 3.02 3.53 3.41 4.17 3.75 4.25
OPM % 8.01% 3.90% 0.30% 6.52% 6.40% 8.38% 7.86% 6.77% 7.90% 7.57% 12.19% 8.83% 7.78%
0.46 0.08 0.20 0.14 0.24 0.39 0.61 0.64 0.18 0.12 0.39 0.30 0.10
Interest 0.15 0.11 0.14 0.16 0.18 0.41 0.38 0.42 0.40 0.55 0.47 0.29 0.42
Depreciation 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.07 0.07 0.07 0.07 0.07 0.07
Profit before tax 3.32 1.42 0.04 1.87 3.00 2.88 3.51 3.17 3.24 2.91 4.02 3.69 3.86
Tax % 22.89% 38.73% 25.00% 25.13% 25.33% 29.17% 25.07% 27.76% 22.53% 28.87% 25.12% 25.20% 25.13%
2.56 0.86 0.03 1.40 2.25 2.04 2.62 2.29 2.51 2.08 3.01 2.76 2.89
EPS in Rs 1.16 0.39 0.01 0.64 1.02 0.93 1.19 1.04 1.14 0.94 1.37 1.25 1.31
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
11 19 20 25 32 45 72 73 92 93 122 177 176
10 17 19 24 30 44 68 68 82 86 114 163 161
Operating Profit 2 2 1 1 1 2 4 5 10 8 8 13 16
OPM % 16% 8% 5% 5% 4% 3% 5% 7% 11% 8% 7% 8% 9%
1 -0 0 0 1 1 0 0 0 1 1 2 1
Interest 0 0 0 0 0 1 1 1 1 1 1 2 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3 2 1 1 2 2 3 4 9 8 8 13 14
Tax % 0% 20% 18% 18% 19% 27% 21% 23% 26% 26% 27% 26%
3 1 1 1 2 1 2 3 7 6 6 10 11
EPS in Rs 3.13 1.37 0.83 1.02 1.50 1.04 1.41 1.59 3.15 2.63 2.59 4.31 4.87
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 25%
5 Years: 20%
3 Years: 24%
TTM: 6%
Compounded Profit Growth
10 Years: 22%
5 Years: 32%
3 Years: 11%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 14%
1 Year: 40%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 12%
Last Year: 15%

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 11 11 11 12 12 12 18 20 23 23 23 23 23
Reserves -8 -7 -6 -0 2 3 12 15 24 30 36 45 51
0 0 0 0 4 10 7 12 10 13 27 33 30
2 0 0 0 0 0 1 2 2 1 2 5 6
Total Liabilities 5 5 5 13 19 25 37 49 59 67 88 106 110
0 0 0 0 0 1 1 1 1 1 1 1 1
CWIP 0 0 0 0 0 0 0 0 0 0 1 2 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
5 4 4 12 18 24 36 48 58 66 87 102 105
Total Assets 5 5 5 13 19 25 37 49 59 67 88 106 110

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
1 -0 0 -6 -1 -5 -7 -9 -2 -1 -14 2
-0 -0 -0 0 1 -0 0 0 0 0 -1 -3
0 0 0 6 0 5 9 7 2 2 13 4
Net Cash Flow 0 -0 0 0 -0 -0 2 -2 0 2 -2 4

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 69 42 23 43 90 70 96 98 123 114 103 92
Inventory Days 68 42 17 95 82 93 67 132 96 120 151 116
Days Payable 84 2 6 2 0 1 4 4 2 2 4 7
Cash Conversion Cycle 53 82 34 136 172 162 159 227 217 232 249 200
Working Capital Days 55 72 32 129 174 167 156 219 213 237 245 192
ROCE % 199% 45% 21% 17% 11% 10% 12% 12% 20% 14% 11% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.53% 73.53% 73.53% 73.53% 73.71% 73.71% 73.71% 73.76% 73.76% 73.76% 73.76% 73.76%
26.47% 26.47% 26.47% 26.47% 26.29% 26.29% 26.29% 26.24% 26.24% 26.24% 26.24% 26.24%
No. of Shareholders 2,6413,0453,0383,1232,9576,8069,6898,4498,0637,3185,4304,975

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