Palm Jewels Ltd

Palm Jewels Ltd

₹ 16.6 -8.43%
19 Apr - close price
About

Incorporated in 2005, Palm Jewels Ltd does trading of Gold & Silver Jewelry[1]

Key Points

Business Overview:[1]
Company is in the wholesale business
of gold jewelry. It sells gold-based chains,
bracelets, & necklaces and outsources
the manufacturing of its jewelry through job workers based in Ahmedabad and Mumbai.

  • Market Cap 16.7 Cr.
  • Current Price 16.6
  • High / Low 23.2 / 9.26
  • Stock P/E 40.7
  • Book Value 14.4
  • Dividend Yield 0.00 %
  • ROCE 3.23 %
  • ROE 2.08 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.15 times its book value
  • Company's median sales growth is 60.2% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.79% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.99%

* 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
29.05 49.22 22.88 28.09 36.28 12.44 21.96 22.22 76.48 23.21 29.73 33.79 56.79
27.98 49.85 22.77 28.07 35.84 7.28 21.85 22.05 76.17 23.07 29.53 33.67 56.62
Operating Profit 1.07 -0.63 0.11 0.02 0.44 5.16 0.11 0.17 0.31 0.14 0.20 0.12 0.17
OPM % 3.68% -1.28% 0.48% 0.07% 1.21% 41.48% 0.50% 0.77% 0.41% 0.60% 0.67% 0.36% 0.30%
-0.00 -0.00 -0.00 0.01 0.01 0.16 0.05 -0.01 0.12 0.07 0.03 -0.00 0.04
Interest 0.03 0.08 0.01 0.03 0.05 0.03 0.04 0.06 0.14 0.02 0.04 0.06 0.04
Depreciation -0.00 0.07 -0.00 -0.00 -0.00 0.07 0.02 0.01 0.05 0.04 0.02 0.02 0.02
Profit before tax 1.04 -0.78 0.10 -0.00 0.40 5.22 0.10 0.09 0.24 0.15 0.17 0.04 0.15
Tax % 22.12% 21.79% -0.00% 17.50% 1.34% 20.00% 22.22% 25.00% 13.33% 17.65% 25.00% 26.67%
0.81 -0.61 0.10 -0.00 0.33 5.15 0.09 0.06 0.18 0.13 0.14 0.03 0.11
EPS in Rs 0.81 -0.61 0.10 -0.00 0.33 5.13 0.09 0.06 0.18 0.13 0.14 0.03 0.11
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
0 1 0 1 2 6 22 42 47 78 114 100 144
0 1 0 1 2 5 21 42 47 78 113 99 143
Operating Profit -0 -0 -0 -0 0 0 0 0 0 0 1 0 1
OPM % -0% -0% -0% -0% 1% 1% 1% 0% 0% 1% 0% 0% 0%
-0 -0 -0 -0 -0 -0 -0 -0 0 -0 0 0 0
Interest -0 -0 -0 -0 -0 -0 0 0 0 0 0 0 0
Depreciation -0 -0 -0 0 -0 0 0 0 0 0 0 0 0
Profit before tax -0 -0 -0 -0 0 0 0 0 0 0 0 0 1
Tax % -0% -0% 50% 33% 18% 25% 23% 28% 22%
-0 -0 -0 -0 0 0 0 0 0 0 0 0 0
EPS in Rs -0.00 -0.00 -0.00 -0.00 0.25 0.50 0.15 0.09 0.06 0.20 0.26 0.30 0.41
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 56%
5 Years: 36%
3 Years: 28%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 27%
3 Years: 71%
TTM: -93%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: -41%
1 Year: 36%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 2%
Last Year: 2%

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 0 0 0 0 0 4 7 10 10 10 10 10
Reserves -0 0 0 -0 0 0 0 6 4 4 4 5 4
0 -0 -0 -0 -0 -0 1 1 1 3 4 2 3
-0 0 0 0 0 1 0 1 2 1 1 0 3
Total Liabilities 0 0 0 0 0 2 6 15 16 18 19 17 20
0 0 0 0 0 0 0 0 0 0 1 1 1
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
0 0 0 0 0 2 6 15 16 17 18 16 19
Total Assets 0 0 0 0 0 2 6 15 16 18 19 17 20

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 0 0 -0 -9 0 -2 -1 3
-0 -0 -0 -0 -0 -0 -0 -0 -0
-0 -0 -0 -0 9 0 2 1 -3
Net Cash Flow -0 0 0 -0 -0 -0 0 0 -0

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 -0 86 226 71 16 8 54 5 2 1 1 2
Inventory Days 10,950 -0 37 61 68 94 39 120 118
Days Payable -0 -0 -0 10 80 3 4 14
Cash Conversion Cycle 10,950 86 263 132 74 23 90 121 106 1 1 2
Working Capital Days 11,315 86 243 108 72 12 89 122 107 76 56 57
ROCE % -0% -0% -0% -3% 3% 6% 5% 2% 1% 2% 3% 3%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.14% 56.14% 56.14% 53.58% 53.58% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25%
43.86% 43.86% 43.86% 46.42% 46.42% 52.76% 52.76% 52.75% 52.76% 52.75% 52.75% 52.74%
No. of Shareholders 6568971,5172,4132,3494,2203,7103,5313,3943,3163,3003,114

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