Veerkrupa Jewellers Ltd
₹ 1.04
1.96%
22 May
- close price
About
Incorporated in 2019, Veerkrupa Jewellers Ltd is in the business of trading jewelry based products
Key Points
- Market Cap ₹ 13.6 Cr.
- Current Price ₹ 1.04
- High / Low ₹ 2.49 / 0.86
- Stock P/E 54.5
- Book Value ₹ 1.02
- Dividend Yield 0.00 %
- ROCE 1.90 %
- ROE 1.82 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.02 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 26.8%
- Company has a low return on equity of 1.07% over last 3 years.
- Company might be capitalizing the interest cost
- Working capital days have increased from 265 days to 372 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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Half Yearly Results
Figures in Rs. Crores
Upcoming result date: 29 May 2025
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 1.62 | 10.95 | 4.63 | 12.26 | 18.80 | 13.85 | 12.66 | |
| 1.44 | 10.94 | 4.60 | 12.22 | 18.72 | 13.55 | 12.36 | |
| Operating Profit | 0.18 | 0.01 | 0.03 | 0.04 | 0.08 | 0.30 | 0.30 |
| OPM % | 11.11% | 0.09% | 0.65% | 0.33% | 0.43% | 2.17% | 2.37% |
| 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | |
| Interest | 0.12 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| Profit before tax | 0.09 | 0.00 | 0.02 | 0.01 | 0.05 | 0.28 | 0.30 |
| Tax % | 0.00% | 0.00% | 0.00% | 20.00% | 14.29% | ||
| 0.08 | 0.01 | 0.01 | 0.01 | 0.04 | 0.24 | 0.25 | |
| EPS in Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 44% |
| TTM: | -46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 188% |
| TTM: | 108% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.61 | 1.87 | 1.87 | 4.86 | 7.86 | 7.86 | 13.11 |
| Reserves | 0.08 | 3.03 | 3.04 | 0.05 | 5.20 | 5.43 | 0.21 |
| 1.95 | 0.00 | 0.00 | 0.42 | 1.13 | 1.92 | 4.90 | |
| 0.71 | 0.31 | 5.44 | 4.84 | 0.83 | 0.34 | 3.47 | |
| Total Liabilities | 3.35 | 5.21 | 10.35 | 10.17 | 15.02 | 15.55 | 21.69 |
| 0.56 | 0.04 | 0.06 | 0.05 | 0.04 | 0.05 | 0.06 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.12 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.00 |
| 2.67 | 5.17 | 10.29 | 10.12 | 14.86 | 15.50 | 21.63 | |
| Total Assets | 3.35 | 5.21 | 10.35 | 10.17 | 15.02 | 15.55 | 21.69 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -0.49 | -4.34 | 0.04 | -0.33 | -8.78 | 0.01 | |
| 0.19 | -0.04 | 0.09 | -0.01 | -0.01 | 0.09 | |
| 0.29 | 4.89 | 0.00 | 0.42 | 8.81 | 0.79 | |
| Net Cash Flow | 0.00 | 0.51 | 0.13 | 0.08 | 0.01 | 0.89 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 42.00 | 222.31 | 9.82 | 5.05 | 14.23 |
| Inventory Days | 635.27 | 112.15 | 583.84 | 286.87 | 287.96 | 366.42 |
| Days Payable | 197.82 | 10.07 | 437.68 | 146.79 | 16.68 | 2.85 |
| Cash Conversion Cycle | 437.44 | 144.08 | 368.47 | 149.90 | 276.33 | 377.81 |
| Working Capital Days | 439.35 | 145.00 | 379.19 | 153.92 | 269.87 | 372.38 |
| ROCE % | 0.00% | 0.41% | 0.39% | 0.72% | 1.90% |
Documents
Announcements
-
Board Meeting Intimation for Approval Of Audited Financial Results For The Year And Quarter Ended 31St March, 2025
1d - Board meeting on May 29 to approve audited FY25 results; trading window closed till post-results.
-
Announcement under Regulation 30 (LODR)-Change in Management
6 May - Appointment of Nehaben Chiragbhai Shah as internal auditor for FY2025-26 to FY2027-28.
-
Corporate Action-Outcome of Right issue
6 May - Board approved rights issue of 13.1 crore shares worth ₹1310.52 lakhs and appointed internal auditor for 3 years.
-
Announcement under Regulation 30 (LODR)-Raising of Funds
6 May - Approved rights issue of 13.1 crore shares at ₹1 each, raising ₹1310.52 lakhs; appointed internal auditor for 3 years.
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company
6 May - Rights issue of 13.1 crore shares at ₹1 each approved; internal auditor appointed for 3 years.
Business Overview:[1]
Company manufactures and trades different types of Gold and Silver jewelry products like chains, mangalsutra, gold/silver bars, necklace and bangles, gold based chains, bracelets, bangles, rings, earrings, ear chain, nose-rings, nose pins. Company purchases only readymade jewelries from jewelry manufacturers or independent jewelry wholesalers located in Ahmedabad and then sells them through its showroom and by its marketing and sales team directly to other jewelry stores. Company's products are sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy