Starlineps Enterprises Ltd
₹ 6.83
-0.29%
18 Jul
- close price
About
Incorporated in 2011, Starlineps Enterprises
Ltd is in the business of Precious Metals, Stones & Jewellery Trading[1]
Key Points
- Market Cap ₹ 177 Cr.
- Current Price ₹ 6.83
- High / Low ₹ 31.0 / 5.19
- Stock P/E 26.9
- Book Value ₹ 1.27
- Dividend Yield 0.00 %
- ROCE 29.7 %
- ROE 22.3 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 110% CAGR over last 5 years
- Promoter holding has increased by 4.64% over last quarter.
- Company's working capital requirements have reduced from 147 days to 52.3 days
Cons
- Stock is trading at 5.40 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 36.2%
- Company has a low return on equity of 11.4% over last 3 years.
- Promoter holding has decreased over last 3 years: -19.7%
* 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
Commodities Metals & Mining Metals & Minerals Trading Trading - Minerals
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.57 | 0.51 | 45.39 | 97.85 | 24.15 | 13.95 | 10.38 | 18.52 | 16.17 | 19.99 | 29.76 | 73.35 | |
| 1.57 | 0.50 | 45.29 | 97.71 | 23.75 | 13.85 | 10.52 | 18.33 | 16.00 | 19.60 | 27.82 | 65.98 | |
| Operating Profit | -0.00 | 0.01 | 0.10 | 0.14 | 0.40 | 0.10 | -0.14 | 0.19 | 0.17 | 0.39 | 1.94 | 7.37 |
| OPM % | -0.00% | 1.96% | 0.22% | 0.14% | 1.66% | 0.72% | -1.35% | 1.03% | 1.05% | 1.95% | 6.52% | 10.05% |
| -0.00 | -0.00 | -0.00 | -0.00 | -0.18 | -0.00 | -0.00 | 0.02 | 0.26 | 0.46 | 0.55 | 1.44 | |
| Interest | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.01 | -0.00 | -0.00 | -0.00 | -0.00 | 0.03 |
| Depreciation | -0.00 | -0.00 | -0.00 | 0.01 | 0.02 | 0.01 | 0.03 | 0.01 | 0.03 | 0.03 | 0.01 | 0.02 |
| Profit before tax | -0.00 | 0.01 | 0.10 | 0.13 | 0.20 | 0.09 | -0.18 | 0.20 | 0.40 | 0.82 | 2.48 | 8.76 |
| Tax % | -200.00% | 20.00% | 30.77% | 40.00% | 33.33% | -0.00% | 15.00% | 22.50% | 25.61% | 27.82% | 25.00% | |
| -0.01 | 0.02 | 0.08 | 0.09 | 0.12 | 0.06 | -0.17 | 0.16 | 0.31 | 0.61 | 1.79 | 6.58 | |
| EPS in Rs | -0.10 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | 0.01 | 0.01 | 0.02 | 0.07 | 0.25 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 27.02% | 13.95% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 64% |
| 5 Years: | 48% |
| 3 Years: | 66% |
| TTM: | 146% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 79% |
| 5 Years: | 110% |
| 3 Years: | 177% |
| TTM: | 268% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | -24% |
| 1 Year: | -69% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 7% |
| 3 Years: | 11% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.06 | 0.06 | 15.89 | 15.89 | 21.62 | 21.62 | 21.62 | 21.62 | 21.62 | 21.62 | 21.62 | 25.94 |
| Reserves | -0.04 | -0.02 | 0.06 | 0.15 | 1.99 | 2.05 | 1.88 | 2.04 | 2.26 | 2.87 | 4.66 | 6.91 |
| 0.04 | 0.04 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | |
| 0.13 | -0.00 | 1.90 | 0.91 | 0.90 | 0.13 | 0.43 | 0.18 | 0.51 | 0.32 | 3.33 | 20.37 | |
| Total Liabilities | 0.19 | 0.08 | 17.85 | 16.95 | 24.51 | 23.80 | 23.93 | 23.84 | 24.39 | 24.81 | 29.61 | 53.22 |
| -0.00 | -0.00 | 0.05 | 0.05 | 0.04 | 0.02 | 0.03 | 0.03 | 0.04 | 0.02 | 0.01 | 0.59 | |
| CWIP | -0.00 | -0.00 | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 | 5.29 |
| Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.25 | 2.02 |
| 0.19 | 0.08 | 12.51 | 11.61 | 19.18 | 18.49 | 18.61 | 18.52 | 19.06 | 19.50 | 24.06 | 45.32 | |
| Total Assets | 0.19 | 0.08 | 17.85 | 16.95 | 24.51 | 23.80 | 23.93 | 23.84 | 24.39 | 24.81 | 29.61 | 53.22 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.02 | -0.02 | -5.30 | -5.15 | -7.29 | -0.01 | 0.03 | 0.07 | 0.10 | 2.20 | 12.26 | 2.54 | |
| -0.00 | -0.00 | -5.35 | -0.01 | -0.01 | -0.00 | -0.03 | -0.01 | -0.05 | -0.00 | -0.25 | -2.37 | |
| -0.00 | -0.00 | 15.78 | -0.00 | 7.27 | -0.00 | -0.00 | -0.00 | -0.09 | -0.00 | -0.00 | -0.00 | |
| Net Cash Flow | 0.02 | -0.02 | 5.14 | -5.16 | -0.02 | -0.01 | -0.00 | 0.06 | -0.03 | 2.20 | 12.01 | 0.18 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | -0.00 | -0.00 | 31.04 | 8.80 | 181.82 | 268.97 | 433.92 | 354.95 | 216.70 | 10.96 | -0.00 | 25.88 |
| Inventory Days | 23.55 | -0.00 | 27.69 | 34.61 | 109.75 | 215.66 | 211.47 | 1.23 | 33.46 | 134.73 | 5.06 | 133.89 |
| Days Payable | 28.26 | 14.82 | 3.24 | 12.65 | 1.35 | 12.31 | 0.82 | 7.36 | 0.76 | 34.21 | 105.17 | |
| Cash Conversion Cycle | -4.71 | -0.00 | 43.91 | 40.17 | 278.92 | 483.28 | 633.08 | 355.36 | 242.80 | 144.93 | -29.15 | 54.60 |
| Working Capital Days | -4.65 | 7.16 | 43.26 | 39.65 | 275.53 | 479.08 | 638.22 | 359.68 | 417.14 | 309.13 | 79.23 | 52.30 |
| ROCE % | -0.00% | 14.29% | 1.25% | 0.81% | 1.92% | 0.38% | -0.72% | 0.85% | 1.68% | 3.39% | 9.77% | 29.73% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
11 Jul - StarlinePS commits Rs. 3 Cr to Growth Sense Venture Fund, a SEBI-registered Category I AIF Angel Fund.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate under SEBI Reg 74(5) confirming dematerialization compliance for Q1 FY2025-26.
-
Announcement under Regulation 30 (LODR)-Change in Management
27 Jun - Re-appointment of Mr. Hardikbhai Patel as Whole-time Director for 3 years from July 1, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
27 Jun - Re-appointment of Shwetkumar Koradiya as Chairman and MD for three years from July 1, 2025.
-
Announcement under Regulation 30 (LODR)-Raising of Funds
27 Jun - StarlinePS to raise ₹20.75 crore via equity rights issue to shareholders.
Business Overview:[1][2]
SPSL is in the wholesale B2B model of trading and retailing of Diamonds and Jewellery in Surat. Its operation includes sourcing Diamonds and
Jewellery from primary and secondary source suppliers in the domestic market and sale to the wholesale as well as retail operations mainly in
Gujarat. Company sells all its products to various jewellery
manufacturers, wholesalers, large department store chains
and retail stores