Ashapuri Gold Ornament Ltd
Incorporated in 2008, Ashapuri Gold Ornament Ltd is in the business is manufacturing & trading of Gold Ornaments and articles of various designs[1]
- Market Cap ₹ 226 Cr.
- Current Price ₹ 6.77
- High / Low ₹ 14.3 / 5.87
- Stock P/E 16.8
- Book Value ₹ 4.27
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 7.62 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 76.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.61% over last 3 years.
- Debtor days have increased from 49.0 to 65.7 days.
- Promoter holding has decreased over last 3 years: -14.1%
* 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: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
41 | 60 | 88 | 56 | 37 | 47 | 88 | 121 | 118 | 164 | 158 | 165 | 283 | |
41 | 59 | 87 | 55 | 37 | 46 | 87 | 120 | 114 | 159 | 154 | 155 | 266 | |
Operating Profit | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 4 | 5 | 4 | 10 | 17 |
OPM % | 0% | 1% | 1% | 1% | 1% | 1% | 1% | 0% | 3% | 3% | 2% | 6% | 6% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 2 | |
Interest | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 4 | 2 | 10 | 18 |
Tax % | 56% | 29% | 36% | 30% | 20% | 27% | 25% | 27% | 25% | 25% | 25% | 26% | |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 2 | 7 | 13 | |
EPS in Rs | 0.80 | 1.20 | 0.70 | 0.60 | 0.40 | 0.70 | 0.01 | 0.02 | 0.08 | 0.09 | 0.05 | 0.22 | 0.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 12% |
TTM: | 96% |
Compounded Profit Growth | |
---|---|
10 Years: | 49% |
5 Years: | 77% |
3 Years: | 38% |
TTM: | 206% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | -6% |
1 Year: | -53% |
Return on Equity | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 5% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.06 | 0.06 | 0.06 | 0.06 | 0.10 | 0.10 | 21 | 21 | 25 | 25 | 25 | 25 | 33 |
Reserves | 6 | 6 | 6 | 6 | 6 | 6 | 24 | 24 | 53 | 56 | 58 | 65 | 109 |
4 | 5 | 6 | 8 | 6 | 5 | 0 | 0 | 0 | 4 | 7 | 2 | 8 | |
1 | 0 | 2 | 2 | 3 | 3 | 1 | 3 | 2 | 2 | 1 | 4 | 7 | |
Total Liabilities | 11 | 12 | 15 | 17 | 16 | 15 | 47 | 48 | 80 | 87 | 91 | 95 | 157 |
0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 | 8 | 8 | 8 | 6 | 6 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 | 1 | 2 | 7 |
11 | 11 | 15 | 17 | 15 | 14 | 42 | 42 | 72 | 78 | 82 | 88 | 145 | |
Total Assets | 11 | 12 | 15 | 17 | 16 | 15 | 47 | 48 | 80 | 87 | 91 | 95 | 157 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | -1 | 2 | 2 | 0 | -1 | -25 | -5 | -2 | 5 | ||
0 | -0 | -0 | 0 | -1 | 0 | -2 | -4 | -2 | -0 | 1 | ||
0 | 0 | 1 | -3 | -1 | 0 | -0 | 30 | 4 | 2 | -6 | ||
Net Cash Flow | 0 | 0 | 0 | -0 | -0 | 0 | -3 | 1 | -3 | -0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 4 | 5 | 9 | 13 | 1 | 8 | 15 | 31 | 32 | 46 | 35 | 66 |
Inventory Days | 68 | 52 | 101 | 158 | 103 | 95 | 89 | 124 | 126 | 157 | 135 | |
Days Payable | 1 | 6 | 15 | 33 | 23 | 5 | 3 | 0 | 0 | 1 | 0 | |
Cash Conversion Cycle | 4 | 72 | 55 | 99 | 126 | 88 | 104 | 118 | 155 | 172 | 192 | 200 |
Working Capital Days | 87 | 67 | 51 | 93 | 118 | 83 | 141 | 110 | 200 | 165 | 184 | 184 |
ROCE % | 2% | 7% | 7% | 4% | 3% | 5% | 3% | 1% | 5% | 5% | 3% | 10% |
Documents
Announcements
-
Strategic Expansion Of Ashapuri Gold Ornament Limited Into The North-East Indian Market
15 Apr - Strategic expansion into North-East Indian jewelry market.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Certificate under SEBI regulations for Q1 2025.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
8 Apr - Received order for supply of Gold Jewellery worth INR 11 Crores.
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
4 Apr - Non-applicability of SEBI circular for fund raising.
-
Disclosure Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulation, 2011
2 Apr - Yearly disclosure under SEBI regulations by promoters.
Business Overview:[1][2]
AGOL is a manufacturer and supplier of antique jewellery and trading of Gold Jewellery of various designs. It was engaged in the business of wholesale trading of Jewellery till March 2019. These jewelleries were manufactured on Job-work basis at Ahmedabad and Rajkot. The design of products is done either in house or by third parties on company's behalf and they get the Jewelleries manufactured on job work basis. Company has a showroom of 2945 sq. feet at C.G. Road, Ahmedabad.