Starlineps Enterprises Ltd

Starlineps Enterprises Ltd

₹ 10.4 -5.00%
30 Mar 10:52 a.m.
About

Incorporated in 2011, Starlineps Enterprises
Ltd is in the business of Precious Metals, Stones & Jewellery Trading[1]

Key Points

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

  • Market Cap 379 Cr.
  • Current Price 10.4
  • High / Low 12.7 / 1.90
  • Stock P/E 165
  • Book Value 0.97
  • Dividend Yield 0.00 %
  • ROCE 29.8 %
  • ROE 22.2 %
  • Face Value 1.00

Pros

  • Promoter holding has increased by 2.97% over last quarter.
  • Company's working capital requirements have reduced from 65.8 days to 52.3 days

Cons

  • Stock is trading at 11.3 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 39.1%
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.02 Cr.
  • Promoter holding has decreased over last 3 years: -16.8%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
11.59 17.15 24.43 17.87 13.90 12.57 36.86 20.19
12.26 13.34 20.03 16.33 16.25 11.34 34.68 19.19
Operating Profit -0.67 3.81 4.40 1.54 -2.35 1.23 2.18 1.00
OPM % -5.78% 22.22% 18.01% 8.62% -16.91% 9.79% 5.91% 4.95%
0.48 0.13 0.00 0.31 1.00 0.00 0.00 0.02
Interest 0.00 0.00 0.00 0.03 0.00 0.05 0.16 0.04
Depreciation 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01
Profit before tax -0.19 3.94 4.40 1.81 -1.36 1.17 2.01 0.97
Tax % 5.26% 27.41% 25.91% 24.86% -35.29% 24.79% 21.89% 24.74%
-0.20 2.85 3.25 1.36 -0.88 0.88 1.57 0.73
EPS in Rs -0.01 0.08 0.09 0.04 -0.02 0.02 0.04 0.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 TTM
29.76 73.35 83.52
27.82 65.97 81.46
Operating Profit 1.94 7.38 2.06
OPM % 6.52% 10.06% 2.47%
0.55 1.44 1.02
Interest 0.00 0.04 0.25
Depreciation 0.01 0.02 0.04
Profit before tax 2.48 8.76 2.79
Tax % 27.82% 25.00%
1.79 6.57 2.30
EPS in Rs 0.05 0.18 0.06
Dividend Payout % 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -68%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: -8%
1 Year: 155%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025 Sep 2025
Equity Capital 21.62 25.94 25.94
Reserves 4.66 6.91 9.36
0.00 0.00 9.34
3.33 20.37 25.67
Total Liabilities 29.61 53.22 70.31
0.01 0.59 5.88
CWIP 5.29 5.29 0.00
Investments 0.25 1.92 2.00
24.06 45.42 62.43
Total Assets 29.61 53.22 70.31

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025
12.26 2.49
-0.25 -2.27
0.00 0.00
Net Cash Flow 12.01 0.23
Free Cash Flow 12.26 1.89
CFO/OP 644% 56%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2024 Mar 2025
Debtor Days 0.00 25.88
Inventory Days 5.06 134.02
Days Payable 34.21 105.26
Cash Conversion Cycle -29.15 54.63
Working Capital Days 79.23 52.30
ROCE % 29.76%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
Number ・Standalone data

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Trade Receivables Turnover Ratio
Times ・Standalone data
Number of Strategic Startup Investments
Number ・Standalone data
Number of Wholly Owned Subsidiaries
Number ・Standalone data
Total Value of Strategic Startup Investments
INR Million ・Standalone data

Shareholding Pattern

Numbers in percentages

13 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
55.86% 55.86% 46.51% 26.89% 26.89% 26.89% 26.89% 29.02% 31.51% 36.15% 36.15% 39.12%
44.14% 44.15% 53.49% 73.11% 73.11% 73.11% 73.12% 70.99% 68.49% 63.86% 63.85% 60.87%
No. of Shareholders 1,1381,1771,2201,3591,7091,55740,90246,43846,54146,62747,38448,563

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