Kenvi Jewels Ltd

Kenvi Jewels Ltd

₹ 2.49 -1.19%
13 Feb - close price
About

Incorporated in 2002, Kenvi Jewels Ltd is in
the business of Gold & Jewellery Ornaments.[1]

Key Points

Business Overview:[1]
a) Core Activities:
KJL is in the business of manufacturing and
retailing of jewellery, and wholesaling and
trading of gold jewellery with ranges including
traditional, Indo-western, and modern jewellery
b) Design & Production:
- In-house design team with manufacturing unit
at Manek Chowk, Ahmedabad
- Collaboration with third-party designers when
required
c) Product Profile:
Gold jewellery (plain or studded with diamonds,
precious & semi-precious stones); categories include:
- Wedding & Festive Jewellery
- Rings, Chains, Earrings, Ear Chains
- Nose-rings/Nose pins, Waist belts, Mangalsutra
- Anklets, Zuda, Toe Rings
- Pendant Sets /Pendants, Bracelets, Bangles
d) Retail Presence:
- Showroom located at Odhav, Ahmedabad
- Jewellery sold under the brand Suvarnakrupa in the local market

  • Market Cap 31.5 Cr.
  • Current Price 2.49
  • High / Low 4.10 / 2.12
  • Stock P/E 27.1
  • Book Value 1.25
  • Dividend Yield 0.00 %
  • ROCE 8.26 %
  • ROE 5.10 %
  • Face Value 1.00

Pros

  • Company's working capital requirements have reduced from 39.4 days to 25.6 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.63% over last 3 years.
  • Promoter holding has decreased over last 3 years: -7.15%

* 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 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
59.77 28.49 26.02 27.16 89.34 32.07 23.40 36.41 46.89 55.26 30.89 45.88 52.85
59.22 27.90 25.73 26.93 88.36 31.63 23.03 36.03 46.36 54.56 30.56 45.25 51.96
Operating Profit 0.55 0.59 0.29 0.23 0.98 0.44 0.37 0.38 0.53 0.70 0.33 0.63 0.89
OPM % 0.92% 2.07% 1.11% 0.85% 1.10% 1.37% 1.58% 1.04% 1.13% 1.27% 1.07% 1.37% 1.68%
0.00 0.02 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.19 0.11 0.05 0.09 0.29 0.24 0.16 0.18 0.19 0.39 0.08 0.17 0.28
Depreciation 0.00 0.12 0.00 0.00 0.00 0.09 0.00 0.00 0.00 0.09 0.00 0.00 0.00
Profit before tax 0.36 0.38 0.24 0.14 0.71 0.11 0.21 0.20 0.34 0.22 0.25 0.46 0.61
Tax % 25.00% 28.95% 25.00% 21.43% 21.13% 9.09% 23.81% 15.00% 14.71% 40.91% 24.00% 19.57% 24.59%
0.27 0.27 0.19 0.11 0.56 0.11 0.16 0.17 0.29 0.14 0.19 0.37 0.46
EPS in Rs 0.02 0.02 0.02 0.01 0.04 0.01 0.01 0.01 0.02 0.01 0.02 0.03 0.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
7 7 18 31 35 40 67 88 121 162 185
7 7 17 31 34 39 66 87 120 160 182
Operating Profit 0 0 0 0 0 1 1 1 1 2 3
OPM % 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% 1%
0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 0 0 0 0 1 1 1 1 2
Tax % 0% 25% 27% 25% 20% 24% 25% 27% 20% 23%
0 0 0 0 0 0 0 1 1 1 1
EPS in Rs 0.02 0.05 0.01 0.01 0.02 0.02 0.03 0.04 0.05 0.06 0.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 36%
3 Years: 34%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: 27%
3 Years: 22%
TTM: 59%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: -12%
1 Year: -33%
Return on Equity
10 Years: 3%
5 Years: 4%
3 Years: 5%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.12 0.12 5 5 10 10 10 10 13 13 13
Reserves 0 0 7 8 2 3 3 4 2 2 3
2 1 1 2 1 1 0 1 8 8 10
0 1 1 1 0 1 1 0 1 1 0
Total Liabilities 2 2 14 14 14 15 14 15 23 24 26
0 0 0 0 0 1 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0
2 2 14 14 13 14 14 15 23 24 26
Total Assets 2 2 14 14 14 15 14 15 23 24 26

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 6 -1 0 1 0 0 1 3
0 -0 -0 -0 -0 0 0 0 -0
-0 -6 1 -0 -0 -0 -0 -0 -1
Net Cash Flow 0 1 -1 0 -0 0 -0 1 2

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 3 12 161 27 32 6 14 9 3 7
Inventory Days 101 102 82 129 106 123 61 62 38
Days Payable 17 2 10 1 1 1 1 1 0
Cash Conversion Cycle 87 113 233 155 138 129 74 9 63 44
Working Capital Days 44 43 242 144 127 110 67 54 39 26
ROCE % 7% 2% 1% 3% 3% 5% 7% 7% 8%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
65.10% 65.10% 65.10% 64.72% 60.06% 59.89% 59.29% 57.95% 57.95% 57.95% 57.95% 57.95%
34.89% 34.89% 34.90% 35.28% 39.94% 40.11% 40.70% 42.06% 42.05% 42.05% 42.06% 42.05%
No. of Shareholders 4416,46619,65923,56128,77029,47129,60030,92932,43333,11332,97232,605

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