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]

  • 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

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.

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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 2014 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.

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

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