Ashapuri Gold Ornament Ltd

Ashapuri Gold Ornament Ltd

₹ 13.7 -2.14%
19 Apr - close price
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.

  • Market Cap 456 Cr.
  • Current Price 13.7
  • High / Low 19.0 / 7.15
  • Stock P/E 61.4
  • Book Value 2.70
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE 8.61 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 81.2% CAGR over last 5 years

Cons

  • Stock is trading at 5.07 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.96% over last 3 years.
  • Debtor days have increased from 49.0 to 65.7 days.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
42.02 23.90 50.34 51.97 37.64 47.97 45.33 34.52 30.19 19.95 44.44 49.97 50.70
45.59 22.83 48.93 50.32 36.55 46.01 44.48 34.09 29.84 19.19 41.81 47.19 47.38
Operating Profit -3.57 1.07 1.41 1.65 1.09 1.96 0.85 0.43 0.35 0.76 2.63 2.78 3.32
OPM % -8.50% 4.48% 2.80% 3.17% 2.90% 4.09% 1.88% 1.25% 1.16% 3.81% 5.92% 5.56% 6.55%
0.02 0.00 0.00 0.01 0.10 0.05 0.03 0.03 0.07 0.16 0.11 0.42 1.23
Interest 0.00 0.00 0.00 0.00 0.11 0.10 0.09 0.08 0.05 0.08 0.13 0.11 0.12
Depreciation 0.11 0.18 0.27 0.26 0.40 0.24 0.24 0.26 0.29 0.21 0.22 0.23 0.26
Profit before tax -3.66 0.89 1.14 1.40 0.68 1.67 0.55 0.12 0.08 0.63 2.39 2.86 4.17
Tax % -22.95% 24.72% 18.42% 19.29% 48.53% 25.15% 23.64% 16.67% 62.50% 23.81% 24.69% 27.62% 25.90%
-4.51 0.67 0.93 1.13 0.35 1.25 0.41 0.10 0.03 0.47 1.80 2.08 3.08
EPS in Rs -0.14 0.02 0.03 0.03 0.01 0.04 0.01 0.00 0.00 0.01 0.05 0.06 0.09
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
41 60 88 56 37 47 88 121 118 164 158 165
41 59 87 55 37 46 87 120 114 159 154 155
Operating Profit 0 1 1 1 0 1 1 0 4 5 4 10
OPM % 0% 1% 1% 1% 1% 1% 1% 0% 3% 3% 2% 6%
0 0 0 0 0 0 0 1 0 0 0 2
Interest 0 1 1 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 0 0 0 0 0 0 1 1 3 4 2 10
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
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
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: 5%
Compounded Profit Growth
10 Years: 51%
5 Years: 81%
3 Years: 43%
TTM: 317%
Stock Price CAGR
10 Years: %
5 Years: 24%
3 Years: 48%
1 Year: 66%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 5%
Last Year: 9%

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
Equity Capital 0 0 0 0 0 0 21 21 25 25 25 25
Reserves 6 6 6 6 6 6 24 24 53 56 58 65
4 5 6 8 6 5 0 0 0 4 7 2
1 0 2 2 3 3 1 3 2 2 1 4
Total Liabilities 11 12 15 17 16 15 47 48 80 87 91 95
0 0 0 0 0 1 3 3 8 8 8 6
CWIP 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
11 11 15 17 15 14 42 42 72 78 82 88
Total Assets 11 12 15 17 16 15 47 48 80 87 91 95

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%

Shareholding Pattern

Numbers in percentages

33 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.17% 62.45%
0.00% 0.00% 0.00% 0.00% 4.32% 4.32% 4.32% 4.32% 4.32% 4.32% 4.32% 4.32%
37.83% 37.83% 37.83% 37.83% 33.51% 33.51% 33.50% 33.50% 33.50% 33.51% 33.50% 33.24%
No. of Shareholders 4564175727387439221,1941,2381,0361,1323,91610,297

* 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.

Click on the line-items to see the names of individual entities.

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