Bhakti Gems & Jewellery Ltd

Bhakti Gems & Jewellery Ltd

₹ 13.8 -4.69%
28 Mar - close price
About

Incorporated in 2010, Bhakti Gems & Gems Jewellery Ltd. is a manufacturer and wholesaler of branded Jewellery & Ornaments. [1]

Key Points

Products Portfolio
The Co’s portfolio of jewelleries & ornaments are either made with kundan, gemstones, etc or gold.
These products include Rings, Chains, Bracelets, Mangalsutra, Earrings, Toerings, pendants, Bangles, Anklets etc. [1]

  • Market Cap 20.8 Cr.
  • Current Price 13.8
  • High / Low 24.5 / 11.0
  • Stock P/E 25.7
  • Book Value 14.8
  • Dividend Yield 0.00 %
  • ROCE 7.03 %
  • ROE 5.02 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.94 times its book value
  • Company's working capital requirements have reduced from 109 days to 86.7 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.19% over last 3 years.
  • Debtor days have increased from 45.3 to 55.7 days.
  • Promoter holding has decreased over last 3 years: -18.5%

* 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

Sector: Trading Industry: Trading

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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
20.61 47.29 10.00 20.27 57.62 30.13 16.70 23.17 39.64 23.40 16.17 26.42 30.63
17.97 49.52 9.86 20.50 57.75 29.53 16.42 22.80 39.19 22.54 15.91 26.02 30.18
Operating Profit 2.64 -2.23 0.14 -0.23 -0.13 0.60 0.28 0.37 0.45 0.86 0.26 0.40 0.45
OPM % 12.81% -4.72% 1.40% -1.13% -0.23% 1.99% 1.68% 1.60% 1.14% 3.68% 1.61% 1.51% 1.47%
0.00 0.04 0.00 0.37 0.75 0.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.04 0.05 0.03 -0.03 0.20 0.30 0.07 0.13 0.21 0.44 0.05 0.12 0.19
Depreciation 0.00 0.01 0.00 0.00 0.00 0.02 0.01 0.00 0.00 0.06 0.02 0.00 0.03
Profit before tax 2.60 -2.25 0.11 0.17 0.42 0.74 0.20 0.24 0.24 0.36 0.19 0.28 0.23
Tax % 20.00% 19.56% 0.00% 11.76% 4.76% 35.14% 25.00% 25.00% 45.83% 11.11% 26.32% 21.43% 52.17%
2.08 -1.81 0.11 0.15 0.40 0.48 0.15 0.18 0.13 0.33 0.15 0.22 0.11
EPS in Rs 1.39 -1.21 0.07 0.10 0.27 0.32 0.10 0.12 0.09 0.22 0.10 0.15 0.07
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
6.61 9.12 11.22 18.40 19.30 22.80 38.85 62.28 55.04 67.90 87.76 102.91 96.62
6.55 9.03 11.14 18.36 19.25 22.59 38.56 62.15 54.75 67.49 87.28 100.91 94.65
Operating Profit 0.06 0.09 0.08 0.04 0.05 0.21 0.29 0.13 0.29 0.41 0.48 2.00 1.97
OPM % 0.91% 0.99% 0.71% 0.22% 0.26% 0.92% 0.75% 0.21% 0.53% 0.60% 0.55% 1.94% 2.04%
0.00 0.00 0.00 0.01 0.00 0.10 0.05 0.09 0.09 0.04 1.21 -0.02 0.00
Interest 0.05 0.08 0.07 0.02 0.03 0.06 0.08 0.12 0.07 0.09 0.51 0.86 0.80
Depreciation 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.02 0.07 0.11
Profit before tax 0.01 0.01 0.01 0.03 0.02 0.24 0.25 0.09 0.30 0.35 1.16 1.05 1.06
Tax % 0.00% 0.00% 0.00% 33.33% 0.00% 29.17% 28.00% 22.22% 23.33% 22.86% 24.14% 24.76%
0.00 0.00 0.00 0.01 0.01 0.17 0.19 0.07 0.23 0.26 0.88 0.80 0.81
EPS in Rs 0.00 0.00 0.00 0.20 0.11 0.20 0.16 0.05 0.15 0.17 0.59 0.53 0.54
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 27%
5 Years: 22%
3 Years: 23%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 53%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: -5%
3 Years: -29%
1 Year: 21%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 4%
Last Year: 5%

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 0.25 0.25 0.25 0.25 0.56 4.85 6.81 8.72 10.03 10.03 10.03 10.03 15.04
Reserves 0.97 0.97 0.97 0.99 2.26 1.57 3.72 5.87 4.79 5.03 5.90 6.69 7.17
0.17 0.44 0.79 2.13 1.63 0.00 2.79 3.03 0.00 7.37 13.45 8.81 7.92
1.29 0.43 1.50 0.29 0.46 0.82 1.17 0.36 0.30 0.19 0.58 0.74 1.99
Total Liabilities 2.68 2.09 3.51 3.66 4.91 7.24 14.49 17.98 15.12 22.62 29.96 26.27 32.12
0.01 0.01 0.05 0.05 0.07 0.07 0.17 0.16 0.17 0.25 0.32 1.08 1.09
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 1.65 0.00 0.00 0.00 0.00 0.00 0.00
2.67 2.08 3.46 3.61 4.84 7.17 12.67 17.82 14.95 22.37 29.64 25.19 31.03
Total Assets 2.68 2.09 3.51 3.66 4.91 7.24 14.49 17.98 15.12 22.62 29.96 26.27 32.12

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
0.26 -0.42 -0.26 -1.32 -0.70 0.87 -4.45 -6.05 0.24 -0.05 0.60 1.59
-0.01 0.00 -0.04 -0.01 -0.02 -1.74 -2.06 1.60 0.00 -0.14 -0.60 -1.61
0.01 0.18 0.29 1.32 0.89 0.88 6.64 4.16 0.00 -0.02 -0.01 0.00
Net Cash Flow 0.26 -0.25 0.00 -0.01 0.17 0.02 0.12 -0.29 0.24 -0.20 -0.01 -0.02

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 13.80 0.00 26.02 6.94 30.45 28.98 49.79 41.73 37.53 23.60 56.52 55.72
Inventory Days 124.39 85.39 84.13 65.45 59.12 57.18 54.44 57.53 47.81 92.63 64.08 31.33
Days Payable 0.00 0.00 23.41 2.22 8.36 11.53 7.83 1.91 1.15 0.27 2.11 1.22
Cash Conversion Cycle 138.20 85.39 86.75 70.17 81.20 74.62 96.40 97.35 84.19 115.96 118.49 85.83
Working Capital Days 132.53 77.24 89.46 69.03 79.43 71.72 94.98 98.63 95.43 118.96 120.70 86.68
ROCE % 4.62% 5.90% 4.36% 1.86% 1.28% 5.52% 3.34% 1.36% 2.28% 2.36% 6.45% 7.03%

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.03% 53.03% 53.03% 53.03% 39.19% 39.19% 39.19% 39.19% 39.19% 39.19% 40.76% 40.62%
46.97% 46.97% 46.97% 46.97% 60.81% 60.81% 60.80% 60.81% 60.81% 60.82% 59.24% 59.39%
No. of Shareholders 6,6156,2165,5745,69915,17913,46412,42211,79411,28711,12111,15411,209

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