Gitanjali Gems Ltd

Gitanjali Gems Ltd. is engaged in the trading, manufacturing, import and export of diamond cutting and polishing, diamond studded jewelry and plain gold jewelry.

Pros:
Stock is trading at 0.00 times its book value
Stock is providing a good dividend yield of 76.22%.
Company is expected to give good quarter
Cons:
Company has low interest coverage ratio.
Promoter's stake has decreased
The company has delivered a poor growth of 6.18% over past five years.
Promoter holding is low: 27.76%
Tax rate seems low
Company has a low return on equity of 1.09% for last 3 years.
Contingent liabilities of Rs.571.79 Cr.
Promoters have pledged 78.56% of their holding
Earnings include an other income of Rs.201.22 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Diamond, Gems and Jewellery // Industry: Diamond Cutting / Jewellery

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017
1,752 2,344 1,640 2,240 2,641 3,599 2,258 2,289 1,925 3,993 4,278 2,327
1,663 2,192 1,553 2,140 2,529 3,462 2,189 2,135 1,869 3,885 4,197 2,254
Operating Profit 89 152 87 100 113 137 69 154 56 108 80 73
OPM % 5% 6% 5% 4% 4% 4% 3% 7% 3% 3% 2% 3%
Other Income 120 -65 49 36 -12 -7 53 -7 70 30 50 51
Interest 169 123 119 118 79 126 94 118 119 146 113 89
Depreciation 1 2 4 5 5 6 4 4 4 3 3 3
Profit before tax 40 -38 12 13 17 -2 24 24 3 -11 14 32
Tax % 0% 2% -11% -21% -10% -48% -17% 6% -79% -38% -21% -9%
Net Profit 39 -37 14 16 18 -3 28 22 5 -15 17 34
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 TTM
1,621 2,219 2,654 2,694 3,355 5,067 7,755 10,381 7,343 7,158 10,751 10,465 12,523
1,530 2,101 2,479 2,503 3,088 4,780 7,353 9,852 6,930 6,650 10,272 10,054 12,205
Operating Profit 91 118 175 191 267 288 402 529 413 508 479 411 318
OPM % 6% 5% 7% 7% 8% 6% 5% 5% 6% 7% 4% 4% 3%
Other Income 1 9 3 0 0 64 48 19 -3 52 65 146 201
Interest 36 34 27 56 114 119 188 278 429 537 484 502 467
Depreciation 2 2 3 4 4 3 3 5 5 5 20 17 15
Profit before tax 54 92 149 131 149 229 259 265 -24 19 40 39 37
Tax % 12% 11% 7% 3% 5% 2% 0% -0% 5% -2% -13% -1%
Net Profit 48 82 138 127 142 225 258 265 -23 19 45 40 41
EPS in Rs 7.96 13.62 15.94 14.60 16.52 25.98 27.86 28.29 0.00 1.92 4.38 3.35
Dividend Payout % 12% 11% 11% 12% 12% 11% 11% 10% -0% 0% 11% 24%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:16.78%
5 Years:6.18%
3 Years:12.53%
TTM:16.08%
Compounded Profit Growth
10 Years:-7.14%
5 Years:-30.95%
3 Years:%
TTM:-37.96%
Return on Equity
10 Years:5.01%
5 Years:2.33%
3 Years:1.09%
Last Year:1.15%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Sep 2017
59 104 85 85 84 85 91 92 92 98 102 119 119
Reserves 649 700 1,698 1,807 1,964 2,172 2,441 2,712 2,722 2,774 3,226 3,367 3,408
Borrowings 481 1,083 1,043 1,276 1,601 1,882 2,547 3,086 4,962 5,139 5,776 5,575 4,818
332 649 934 864 674 1,283 2,078 2,999 818 1,423 1,770 4,052 5,765
Total Liabilities 1,522 2,491 3,760 4,031 4,324 5,422 7,157 8,889 8,593 9,433 10,874 13,113 14,109
20 28 46 40 50 48 29 32 30 27 273 258 257
CWIP 0 2 1 10 10 10 9 7 0 0 0 0 0
Investments 24 147 595 839 899 966 1,023 1,605 1,415 1,415 1,023 1,014 1,014
1,478 2,314 3,118 3,143 3,366 4,397 6,096 7,245 7,148 7,992 9,577 11,841 12,838
Total Assets 1,522 2,491 3,760 4,031 4,324 5,422 7,157 8,889 8,593 9,433 10,874 13,113 14,109

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
18 -9 202 -357 84 317 741 601 -2,032 251 688 550
-16 -362 -469 -251 -63 -69 -30 -589 193 -2 24 10
348 490 675 -63 -125 -122 -581 245 1,419 -310 -681 -535
Net Cash Flow 350 119 408 -671 -104 126 130 258 -420 -60 30 25

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
ROCE % 8% 7% 6% 8% 9% 9% 10% 6% 7% 6% 6%
Debtor Days 187 166 172 215 198 161 145 143 261 277 235 299
Inventory Turnover 8.29 6.00 4.25 4.34 5.35 6.30 7.30 5.86 4.71 5.57 4.79