Dev Labtech Venture Ltd
Incorporated in 1993, Dev Labtech Venture Limited is a Premier Lab Grown Diamond & Jewellery Manufacturer[1]
- Market Cap ₹ 112 Cr.
- Current Price ₹ 136
- High / Low ₹ 137 / 52.5
- Stock P/E 63.8
- Book Value ₹ 24.4
- Dividend Yield 0.00 %
- ROCE 11.7 %
- ROE 8.61 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 5.56 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 9.79% over last 3 years.
- Working capital days have increased from 74.2 days to 120 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: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 11.79 | 12.24 | 26.98 | 30.34 | 41.60 | |
| 11.41 | 11.96 | 26.28 | 28.43 | 38.62 | |
| Operating Profit | 0.38 | 0.28 | 0.70 | 1.91 | 2.98 |
| OPM % | 3.22% | 2.29% | 2.59% | 6.30% | 7.16% |
| 0.00 | 0.04 | 0.12 | 0.16 | 0.01 | |
| Interest | 0.18 | 0.16 | 0.14 | 0.10 | 0.12 |
| Depreciation | 0.15 | 0.11 | 0.09 | 0.55 | 0.75 |
| Profit before tax | 0.05 | 0.05 | 0.59 | 1.42 | 2.12 |
| Tax % | 100.00% | 40.00% | 16.95% | 27.46% | |
| 0.00 | 0.04 | 0.49 | 1.02 | 1.76 | |
| EPS in Rs | 0.00 | 1.91 | 3.90 | 1.23 | 2.12 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 138% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 142% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 0.21 | 0.21 | 1.26 | 8.27 | 8.27 |
| Reserves | 1.24 | 1.28 | 0.77 | 10.61 | 11.92 |
| 1.54 | 1.78 | 1.23 | 1.13 | 1.11 | |
| 4.13 | 3.87 | 5.68 | 3.72 | 2.83 | |
| Total Liabilities | 7.12 | 7.14 | 8.94 | 23.73 | 24.13 |
| 0.81 | 0.71 | 0.37 | 4.15 | 4.26 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6.31 | 6.43 | 8.57 | 19.58 | 19.87 | |
| Total Assets | 7.12 | 7.14 | 8.94 | 23.73 | 24.13 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.30 | -0.08 | 0.18 | -5.72 | |
| -0.02 | -0.01 | 0.36 | -4.17 | |
| -0.26 | 0.08 | -0.50 | 15.63 | |
| Net Cash Flow | 0.02 | -0.01 | 0.04 | 5.74 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 70.28 | 89.16 | 55.20 | 56.54 |
| Inventory Days | 191.01 | 123.38 | 48.27 | 122.84 |
| Days Payable | 192.65 | 160.22 | 85.88 | 33.95 |
| Cash Conversion Cycle | 68.63 | 52.32 | 17.58 | 145.43 |
| Working Capital Days | 57.89 | 67.99 | 34.36 | 120.30 |
| ROCE % | 6.71% | 18.99% | 11.69% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 19 Apr
- Compliance Certificate Under Reg. 7(3) For The Year Ended 31.03.2024 19 Apr
- Submission Of Certificate Under Reg. 40(10) Of Dev Labtech Venture Limited As On 31.03.2024 19 Apr
- Non-Applicability Of Reg. 24A Of SEBI (LODR) Of Annual Secretarial Compliance For The Year Ended 31.03.2024 12 Apr
- Compliances-Reg.24(A)-Annual Secretarial Compliance 12 Apr
Business Area[1] Dev Labtech Venture Ltd. (DLVL) is in the business of manufacturing, marketing and sourcing diamonds - Natural and Lab-grown having wide application in Jewellery.