Palm Jewels Ltd

Palm Jewels Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Palm Jewels Ltd

₹ 16.2 3.84%
16 Jun 10:21 a.m.
palmjewels.com BSE: 541444
About

Incorporated in 2005, Palm Jewels Ltd manufactures and sells gold jewellery and articles of various designs/specifications.[1]

Key Points

Business Overview:[1]
a) PJL operates in the wholesale trade of gold jewellery from its registered office in Ahmedabad.
b) The product range includes gold
chains, silver ornaments, bracelets, and necklaces.
c) Its Manufacturing activities are outsourced to job workers in the Ahmedabad and Mumbai, with gold and silver supplied by PJL.
d) These raw materials are sourced mainly from the bullion market and partly from the local Ahmedabad markets.
e) No formal agreements exist with the job workers.
f) Finished products are sold directly
to jewellery stores through the company's marketing and sales team, with distribution primarily across Gujarat through B2B marketing and direct outbound channels.

Website BSE
  • Market Cap ₹ 16.3 Cr.
  • Current Price ₹ 16.2
  • High / Low ₹ 31.0 / 14.2
  • Stock P/E 16.3
  • Book Value ₹ 16.4
  • Dividend Yield 0.00 %
  • ROCE 7.63 %
  • ROE 6.26 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.95 times its book value
  • Company's median sales growth is 53.2% 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 4.09% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.89%

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
23.21 29.73 33.79 56.79 40.23 32.56 49.53 70.07 37.59 36.25 41.59 58.20 49.24
23.07 29.53 33.67 56.62 39.97 32.33 49.17 69.86 37.39 35.85 41.27 57.61 48.97
Operating Profit 0.14 0.20 0.12 0.17 0.26 0.23 0.36 0.21 0.20 0.40 0.32 0.59 0.27
OPM % 0.60% 0.67% 0.36% 0.30% 0.65% 0.71% 0.73% 0.30% 0.53% 1.10% 0.77% 1.01% 0.55%
0.07 0.03 0.00 0.04 0.03 0.00 0.00 0.02 0.02 0.01 0.01 0.00 0.01
Interest 0.02 0.04 0.06 0.04 0.04 0.01 0.04 0.04 0.09 0.03 0.04 0.02 0.01
Depreciation 0.04 0.02 0.02 0.02 0.09 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Profit before tax 0.15 0.17 0.04 0.15 0.16 0.18 0.28 0.15 0.09 0.34 0.25 0.53 0.23
Tax % 13.33% 17.65% 25.00% 26.67% 18.75% 27.78% 17.86% 40.00% 11.11% 26.47% 24.00% 24.53% 34.78%
0.13 0.14 0.03 0.11 0.13 0.14 0.24 0.09 0.07 0.25 0.19 0.40 0.15
EPS in Rs 0.13 0.14 0.03 0.11 0.13 0.14 0.24 0.09 0.07 0.25 0.19 0.40 0.15
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 2 6 22 42 47 78 114 100 161 190 185
1 2 5 21 42 47 78 113 99 160 189 184
Operating Profit 0 0 0 0 0 0 0 1 0 1 1 2
OPM % 0% 1% 1% 1% 0% 0% 1% 0% 0% 0% 1% 1%
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
Depreciation 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 1 1
Tax % 0% 0% 50% 33% 18% 25% 23% 28% 22% 27% 24% 26%
0 0 0 0 0 0 0 0 0 0 1 1
EPS in Rs 0.00 0.25 0.50 0.15 0.09 0.06 0.20 0.26 0.30 0.34 0.54 1.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 61%
5 Years: 19%
3 Years: 23%
TTM: -2%
Compounded Profit Growth
10 Years: 58%
5 Years: 38%
3 Years: 49%
TTM: 85%
Stock Price CAGR
10 Years: %
5 Years: -25%
3 Years: 7%
1 Year: -46%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 4%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.32 0.32 0.32 4 7 10 10 10 10 10 10 10
Reserves 0 0 0 0 6 4 4 4 5 5 5 6
0 0 0 1 1 1 3 4 2 1 4 3
0 0 1 0 1 2 1 1 0 1 1 1
Total Liabilities 0 0 2 6 15 16 18 19 17 17 20 20
0 0 0 0 0 0 0 1 1 1 1 1
CWIP 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 2 6 15 16 17 18 16 16 19 20
Total Assets 0 0 2 6 15 16 18 19 17 17 20 20

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 0 -9 0 -2 -1 3 3 -2 1
-0 0 0 -0 -0 -0 -0 -2 -0 -0
0 0 9 0 2 1 -2 -1 3 -1
Net Cash Flow 0 0 -0 0 0 0 -0 -0 1 -1
Free Cash Flow 0 0 -9 -0 -2 -1 2 3 -2 1
CFO/OP 500% 0% -5,000% 193% -448% -115% 574% 430% -216% 53%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 71 16 8 54 5 2 1 1 2 1 1 0
Inventory Days 61 68 94 39 120 118 55 33 33 36
Days Payable 0 10 80 3 4 14 1 2 1 2
Cash Conversion Cycle 132 74 23 90 121 106 1 1 56 32 33 34
Working Capital Days 108 72 12 89 122 107 63 43 57 33 33 31
ROCE % -3% 3% 6% 5% 2% 1% 2% 3% 3% 4% 5% 8%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Inventory Value
INR Lakhs

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Employee Headcount
Number
Labour Work Charges (Outsourced Manufacturing)
INR Lakhs

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
47.25% 47.25% 47.25% 47.25% 47.25% 43.36% 43.36% 43.36% 43.36% 43.36% 43.36% 43.36%
52.76% 52.75% 52.75% 52.74% 52.75% 56.63% 56.65% 56.64% 56.63% 56.62% 56.65% 56.64%
No. of Shareholders 3,3943,3163,3003,1142,9904,4084,3214,6934,4404,5034,4374,531

Documents

Announcements

Annual reports

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