Ashapuri Gold Ornament Ltd

₹ 59.8 -2.84%

05 Dec 4:01 p.m.

About

The Company is engaged in the business of wholesale trading of Jewellery. The Jewelleries are manufactured on Job work basis at Ahmedabad and Rajkot. The co had entered into partnership carrying on business of Branded Readymade Garments having exclusive showrooms.
^[1]

Key Points

History
The co was incorporated in June 2008 as “Ashapuri Gold Ornament Private Limited”. Later, in January 2019, it was converted into a public limited company. ^[1]

Website BSE

Market Cap ₹ 150 Cr.
Current Price ₹ 59.8
High / Low ₹ 101 / 38.8
Stock P/E 47.6
Book Value ₹ 33.0
Dividend Yield 0.00 %
ROCE 5.14 %
ROE 3.84 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 3.25% over last 3 years.
Debtor days have increased from 36.4 to 46.0 days.
Promoter holding has decreased over last 3 years: -10.8%

* 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2019	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	41.06	2.58	19.72	53.23	42.02	23.90	50.34	51.97	37.64	47.97	45.33
	40.38	-0.13	18.83	49.39	45.59	22.83	48.93	50.32	36.55	46.01	44.48
Operating Profit	0.68	2.71	0.89	3.84	-3.57	1.07	1.41	1.65	1.09	1.96	0.85
OPM %	1.66%	105.04%	4.51%	7.21%	-8.50%	4.48%	2.80%	3.17%	2.90%	4.09%	1.88%
	-0.07	-0.00	0.01	0.06	0.02	-0.00	-0.00	0.01	0.10	0.05	0.03
Interest	0.42	0.01	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00	0.11	0.10	0.09
Depreciation	-0.07	0.16	0.16	0.11	0.11	0.18	0.27	0.26	0.40	0.24	0.24
Profit before tax	0.26	2.54	0.74	3.79	-3.66	0.89	1.14	1.40	0.68	1.67	0.55
Tax %	50.00%	-0.00%	-0.00%	-0.00%	-22.95%	24.72%	18.42%	19.29%	48.53%	25.15%	23.64%
Net Profit	0.13	2.53	0.73	3.79	-4.51	0.67	0.93	1.13	0.35	1.25	0.41
EPS in Rs	0.06	1.19	0.34	1.78	-1.80	0.27	0.37	0.45	0.14	0.50	0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	12	33	41	60	88	56	37	47	88	121	118	164	183
	12	24	41	59	87	55	37	46	87	120	114	159	177
Operating Profit	0	9	0	1	1	1	0	1	1	0	4	5	6
OPM %	1%	26%	0%	1%	1%	1%	1%	1%	1%	0%	3%	3%	3%
	-0	-0	-0	-0	-0	-0	0	-0	-0	1	0	0	0
Interest	-0	-0	-0	1	1	0	0	0	0	0	0	0	0
Depreciation	-0	-0	-0	0	0	0	0	0	0	0	1	1	1
Profit before tax	0	9	0	0	0	0	0	0	1	1	3	4	4
Tax %	33%	32%	56%	29%	36%	30%	20%	27%	25%	27%	25%	25%
Net Profit	0	6	0	0	0	0	0	0	0	0	3	3	3
EPS in Rs	9.74	959.48	12.97	12.00	7.00	6.00	4.00	7.00	0.18	0.22	1.02	1.23	1.25
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	17%
5 Years:	34%
3 Years:	23%
TTM:	8%

Compounded Profit Growth
10 Years:	-6%
5 Years:	138%
3 Years:	100%
TTM:	257%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	21%
1 Year:	-11%

Return on Equity
10 Years:	3%
5 Years:	3%
3 Years:	3%
Last Year:	4%

Balance Sheet

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	0	0	0	0	0	0	0	0	21	21	25	25	25
Reserves	0	6	6	6	6	6	6	6	24	24	53	56	57
	3	3	4	5	6	8	6	5	0	0	0	4	1
	0	3	1	0	2	2	3	3	1	3	2	2	11
Total Liabilities	3	13	11	12	15	17	16	15	47	48	80	87	94
	0	0	0	0	0	0	0	1	3	3	8	8	8
CWIP	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Investments	-0	-0	-0	-0	-0	-0	-0	-0	1	3	1	1	1
	3	12	11	11	15	17	15	14	42	42	72	78	86
Total Assets	3	13	11	12	15	17	16	15	47	48	80	87	94

Cash Flows

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	-0	-0	-0	0	-1	2	2	-0	-1	-25	-5
	-0	-0	-0	-0	-0	-0	-1	-0	-2	-4	-2
	-0	-0	-0	-0	1	-3	-1	-0	-0	30	4
Net Cash Flow	-0	-0	-0	0	0	-0	-0	-0	-3	1	-3

Ratios

Figures in Rs. Crores

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	1	12	4	5	9	13	1	8	15	31	32	46
Inventory Days				68	52	101	158	103	95	89	124	126
Days Payable				1	6	15	33	23	5	3	0	0
Cash Conversion Cycle	1	12	4	72	55	99	126	88	104	118	155	172
Working Capital Days	82	100	87	67	51	93	118	83	141	110	200	165
ROCE %		146%	2%	7%	7%	4%	3%	5%	3%	1%	5%	5%

Shareholding Pattern

Numbers in percentages

Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
72.99	72.99	72.99	72.99	62.17	62.17	62.17	62.17	62.17	62.17	62.17
0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.32	4.32	4.32
27.01	27.01	27.01	27.01	37.83	37.83	37.83	37.83	33.51	33.51	33.50

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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