Ashapuri Gold Ornament Ltd

Ashapuri Gold Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ashapuri Gold Ornament Ltd

₹ 9.44 1.94%
13 Dec - close price
ashapurigold.com BSE: 542579
About

Incorporated in 2008, Ashapuri Gold Ornament Ltd is in the business is manufacturing & trading of Gold Ornaments and articles of various designs[1]

Key Points

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.

Website BSE
  • Market Cap ₹ 315 Cr.
  • Current Price ₹ 9.44
  • High / Low ₹ 19.0 / 6.64
  • Stock P/E 27.8
  • Book Value ₹ 4.27
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 7.62 %
  • Face Value ₹ 1.00
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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

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
50.34 51.97 37.64 47.97 45.33 34.52 30.19 19.95 44.44 49.97 50.70 44.23 86.89
48.93 50.32 36.55 46.01 44.48 34.09 29.84 19.19 41.81 47.19 47.38 40.86 81.92
Operating Profit 1.41 1.65 1.09 1.96 0.85 0.43 0.35 0.76 2.63 2.78 3.32 3.37 4.97
OPM % 2.80% 3.17% 2.90% 4.09% 1.88% 1.25% 1.16% 3.81% 5.92% 5.56% 6.55% 7.62% 5.72%
0.00 0.01 0.10 0.05 0.03 0.03 0.07 0.16 0.11 0.42 1.23 0.46 0.04
Interest 0.00 0.00 0.11 0.10 0.09 0.08 0.05 0.08 0.13 0.11 0.12 0.07 0.19
Depreciation 0.27 0.26 0.40 0.24 0.24 0.26 0.29 0.21 0.22 0.23 0.26 0.21 0.21
Profit before tax 1.14 1.40 0.68 1.67 0.55 0.12 0.08 0.63 2.39 2.86 4.17 3.55 4.61
Tax % 18.42% 19.29% 48.53% 25.15% 23.64% 16.67% 62.50% 23.81% 24.69% 27.62% 25.90% 24.51% 25.16%
0.93 1.13 0.35 1.25 0.41 0.10 0.03 0.47 1.80 2.08 3.08 2.69 3.45
EPS in Rs 0.03 0.03 0.01 0.04 0.01 0.00 0.00 0.01 0.05 0.06 0.09 0.08 0.10
Raw PDF

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 88 121 118 164 158 165 232
41 59 87 55 37 46 87 120 114 159 154 155 217
Operating Profit 0 1 1 1 0 1 1 0 4 5 4 10 14
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 15
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 11
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 0.33
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: 80%
Compounded Profit Growth
10 Years: 49%
5 Years: 77%
3 Years: 38%
TTM: 371%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: 14%
1 Year: -28%
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%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.45% 64.08% 48.06% 48.06%
0.00% 4.32% 4.32% 4.32% 4.32% 4.32% 4.32% 4.32% 4.32% 0.00% 1.74% 0.00%
37.83% 33.51% 33.51% 33.50% 33.50% 33.50% 33.51% 33.50% 33.24% 35.91% 50.19% 51.94%
No. of Shareholders 7387439221,1941,2381,0361,1323,91610,29746,21268,01474,358

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

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