Eighty Jewellers Ltd

Eighty Jewellers Ltd

₹ 46.0 4.55%
28 Mar 1:39 p.m.
About

Incorporated in 2010, Eighty Jewellers Ltd manufactures and trades Precious Gems & Jewelry

Key Points

Business Overview:[1]
Company entered into a master franchise agreement in FY21 with Anopchand Tilokchand Jewellers Limited, under a B2B model, wherein company was given rights to open stores by brand name of Anopchand Tilokchand Jewellers either directly (own showroom) or through sub franchisee arrangements. Company also entered into a sub-franchise agreement in FY14 with M/s. Chhattisgarh Sales Corporation valid for 15 years. Company procures majority stock of jewelry from its group Company Anopchand Tilokchand Jewelers Private Limited and Adorable Jewels India Pvt. Ltd who undertakes designing and job work of its products. Company also gets items manufactured from independent job workers depending upon customer requirements

  • Market Cap 46.9 Cr.
  • Current Price 46.0
  • High / Low 67.9 / 40.0
  • Stock P/E 38.2
  • Book Value 23.9
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE 7.38 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Working capital days have increased from 90.1 days to 129 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.

Peer comparison

Sector: Trading Industry: Trading

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Half Yearly Results

Figures in Rs. Crores

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
44.14 72.17 43.50 50.41 34.77
42.65 70.53 42.21 48.95 33.49
Operating Profit 1.49 1.64 1.29 1.46 1.28
OPM % 3.38% 2.27% 2.97% 2.90% 3.68%
0.22 0.75 0.13 0.25 0.02
Interest 0.55 0.38 0.38 0.65 0.51
Depreciation 0.07 0.06 0.05 0.06 0.05
Profit before tax 1.09 1.95 0.99 1.00 0.74
Tax % 24.77% 35.90% 25.25% 33.00% 25.68%
0.83 1.25 0.75 0.67 0.56
EPS in Rs 1.11 1.67 0.74 0.66 0.55
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
78.67 61.75 76.26 115.10 93.52 85.18
75.78 58.11 69.95 111.94 90.77 82.44
Operating Profit 2.89 3.64 6.31 3.16 2.75 2.74
OPM % 3.67% 5.89% 8.27% 2.75% 2.94% 3.22%
0.30 0.38 0.38 0.97 0.38 0.27
Interest 1.36 1.64 1.53 0.96 1.02 1.16
Depreciation 0.42 0.28 0.19 0.13 0.10 0.11
Profit before tax 1.41 2.10 4.97 3.04 2.01 1.74
Tax % 28.37% 26.19% 22.74% 31.91% 29.35%
1.00 1.55 3.84 2.08 1.42 1.23
EPS in Rs 12.00 18.60 46.09 2.77 1.39 1.21
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: -26%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -6%
TTM: -39%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -15%
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.83 0.83 0.83 7.50 10.20 10.20
Reserves 3.13 4.69 8.45 3.87 13.66 14.21
12.17 15.65 12.33 6.83 11.16 7.57
11.33 10.58 10.36 13.28 5.25 5.45
Total Liabilities 27.46 31.75 31.97 31.48 40.27 37.43
1.41 1.14 0.97 0.85 0.86 0.35
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.80 1.08 1.55 1.97 1.36 1.75
25.25 29.53 29.45 28.66 38.05 35.33
Total Assets 27.46 31.75 31.97 31.48 40.27 37.43

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.88 -1.57 2.29 0.46 -8.96
-0.69 -0.28 -0.92 0.43 0.07
-1.56 1.91 -0.39 -1.86 9.08
Net Cash Flow -0.36 0.05 0.98 -0.97 0.18

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 7.42 11.11 1.77 11.54 10.97
Inventory Days 1,046.43 124.31 76.64 132.74
Days Payable 352.51 10.96 32.82 13.10
Cash Conversion Cycle 701.34 11.11 115.11 55.36 130.61
Working Capital Days 69.97 120.11 88.69 52.39 129.15
ROCE % 20.05% 30.39% 19.99% 10.79%

Shareholding Pattern

Numbers in percentages

Mar 2022Apr 2022Sep 2022Mar 2023Sep 2023
100.00% 73.53% 73.53% 73.53% 73.53%
0.00% 26.47% 26.48% 26.46% 26.48%
No. of Shareholders 7501219232247

Documents