Goenka Diamond & Jewels Ltd

Goenka Diamond & Jewels Ltd

₹ 0.80 -5.88%
19 Feb - close price
About

Incorporated in 1990, Goenka Diamonds and Jewels Ltd is in the business of trading and manufacturing of diamond and gold jewelry

Key Points

Business Overview:[1][2]
Company deals in cutting and polishing of diamonds and manufacturing and retailing of diamond/ jewelry. It has a processing unit in Surat (SEZ) and a manufacturing facility at Mumbai. Company sources rough diamonds from suppliers in Hong Kong, USA, Russia and local Indian market and supplies polished diamonds primarily to wholesalers, jewelry manufacturers, traders and retailers based in India and other countries such as Hong Kong, South East Asia and USA.

  • Market Cap 25.4 Cr.
  • Current Price 0.80
  • High / Low 1.11 / 0.65
  • Stock P/E
  • Book Value 7.49
  • Dividend Yield 0.00 %
  • ROCE -0.41 %
  • ROE -0.95 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.11 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -26.7% over past five years.
  • Company has a low return on equity of -1.99% over last 3 years.
  • Contingent liabilities of Rs.51.0 Cr.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 1,70,829 days.
  • Working capital days have increased from 57,110 days to 92,271 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.92 0.36 3.28 0.98 0.00 0.00 0.52 0.43 0.44 0.22 0.08 0.14 0.16
8.28 0.74 3.39 1.30 0.48 0.82 0.71 0.47 0.91 0.73 0.56 0.72 0.40
Operating Profit -7.36 -0.38 -0.11 -0.32 -0.48 -0.82 -0.19 -0.04 -0.47 -0.51 -0.48 -0.58 -0.24
OPM % -800.00% -105.56% -3.35% -32.65% -36.54% -9.30% -106.82% -231.82% -600.00% -414.29% -150.00%
7.01 0.55 0.03 -0.01 0.00 0.00 0.15 0.00 -0.08 -0.02 0.01 0.00 0.00
Interest 0.16 0.12 0.14 0.14 0.14 0.14 0.17 0.14 0.14 0.14 0.14 0.14 0.14
Depreciation 0.09 0.10 0.10 0.11 0.12 0.12 0.11 0.11 0.17 0.16 0.16 0.12 0.12
Profit before tax -0.60 -0.05 -0.32 -0.58 -0.74 -1.08 -0.32 -0.29 -0.86 -0.83 -0.77 -0.84 -0.50
Tax % -3.33% -260.00% -3.12% -1.72% 0.00% 0.00% 0.00% 0.00% 2.33% -1.20% 1.30% 0.00% 0.00%
-0.62 -0.18 -0.33 -0.59 -0.75 -1.08 -0.33 -0.30 -0.83 -0.84 -0.76 -0.84 -0.50
EPS in Rs -0.02 -0.01 -0.01 -0.02 -0.02 -0.03 -0.01 -0.01 -0.03 -0.03 -0.02 -0.03 -0.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
571.93 842.49 396.39 102.53 91.60 3.09 7.72 6.59 12.80 3.50 4.26 1.63 0.60
564.93 798.46 388.50 94.40 122.95 14.86 18.41 10.50 14.95 12.71 6.00 2.83 2.41
Operating Profit 7.00 44.03 7.89 8.13 -31.35 -11.77 -10.69 -3.91 -2.15 -9.21 -1.74 -1.20 -1.81
OPM % 1.22% 5.23% 1.99% 7.93% -34.22% -380.91% -138.47% -59.33% -16.80% -263.14% -40.85% -73.62% -301.67%
27.53 15.76 8.57 11.24 0.76 1.66 0.59 0.64 0.78 8.29 0.01 0.04 -0.01
Interest 8.86 10.15 12.45 17.45 22.96 0.78 0.59 0.60 0.58 0.56 0.55 0.59 0.56
Depreciation 1.31 1.21 1.01 1.16 0.63 0.75 0.64 0.51 0.46 0.42 0.45 0.55 0.56
Profit before tax 24.36 48.43 3.00 0.76 -54.18 -11.64 -11.33 -4.38 -2.41 -1.90 -2.73 -2.30 -2.94
Tax % 11.82% 1.80% -0.67% 14.47% -1.09% -32.22% 0.35% -2.97% -2.07% -9.47% -0.73% 0.00%
21.48 47.56 3.02 0.64 -54.78 -15.38 -11.29 -4.52 -2.46 -2.07 -2.74 -2.29 -2.94
EPS in Rs 0.67 1.50 0.10 0.02 -1.73 -0.49 -0.36 -0.14 -0.08 -0.07 -0.09 -0.07 -0.10
Dividend Payout % 14.82% 6.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -46%
5 Years: -27%
3 Years: -50%
TTM: -57%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 2%
TTM: -16%
Stock Price CAGR
10 Years: -12%
5 Years: 22%
3 Years: -23%
1 Year: -27%
Return on Equity
10 Years: -4%
5 Years: -2%
3 Years: -2%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 31.70 31.70 31.70 31.70 31.70 31.70 31.70 31.70 31.70 31.70 31.70 31.70 31.70
Reserves 251.45 295.32 301.22 302.37 248.21 231.97 220.64 216.62 214.40 212.12 209.52 206.96 205.76
117.07 144.61 159.34 161.59 175.40 184.15 184.12 184.12 184.13 182.50 180.88 181.24 181.12
160.61 209.51 280.15 328.59 381.56 368.39 364.10 372.67 373.22 367.04 369.15 375.57 376.78
Total Liabilities 560.83 681.14 772.41 824.25 836.87 816.21 800.56 805.11 803.45 793.36 791.25 795.47 795.36
7.65 13.41 11.80 10.64 10.01 9.26 8.62 8.11 7.66 7.25 7.09 6.97 6.69
CWIP 6.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 13.22 5.36 4.90 4.90 4.90 4.29 4.29 4.29 4.29 0.00 0.00 0.00 0.00
533.28 662.37 755.71 808.71 821.96 802.66 787.65 792.71 791.50 786.11 784.16 788.50 788.67
Total Assets 560.83 681.14 772.41 824.25 836.87 816.21 800.56 805.11 803.45 793.36 791.25 795.47 795.36

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-42.13 -18.63 -13.41 14.57 11.56 -0.92 -0.58 -0.55 -0.23 -1.59 2.70 -0.55
11.86 9.59 2.20 0.79 0.74 0.64 0.60 0.59 0.59 0.00 -0.29 -0.43
33.80 13.39 0.45 -16.37 -12.29 -0.08 0.00 0.00 0.01 1.48 -1.62 0.37
Net Cash Flow 3.53 4.35 -10.76 -1.02 0.02 -0.37 0.01 0.04 0.37 -0.10 0.80 -0.62

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 233.60 204.90 591.91 2,532.75 2,993.92 88,554.43 35,417.29 41,945.09 21,581.77 78,770.13 64,886.03 170,828.96
Inventory Days 95.55 75.76 96.88 351.53 245.29 1,562.69 875.90 1,404.96 598.54 1,052.30 828.06 2,126.34
Days Payable 95.12 92.85 261.40 1,274.36 1,410.93 11,018.05 8,628.10 15,823.56 10,470.12 24,689.15 28,015.50 77,615.55
Cash Conversion Cycle 234.03 187.82 427.38 1,609.92 1,828.28 79,099.08 27,665.10 27,526.49 11,710.19 55,133.28 37,698.59 95,339.74
Working Capital Days 230.52 188.05 430.78 1,683.96 1,215.50 29,677.22 11,367.48 13,075.75 6,654.98 43,626.89 35,431.56 92,271.10
ROCE % 8.96% 13.43% 3.07% 3.69% -6.57% -2.40% -2.43% -0.87% -0.42% -2.07% -0.51% -0.41%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55% 57.55%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00%
4.07% 4.07% 4.07% 4.07% 4.07% 4.00% 3.47% 3.47% 3.47% 3.47% 3.47% 3.47%
38.38% 38.38% 38.38% 38.38% 38.38% 38.45% 38.99% 38.99% 38.98% 38.99% 38.99% 38.98%
No. of Shareholders 16,68118,49923,22823,22837,95738,17537,87137,67637,74437,06536,30935,633

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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