Goldkart Jewels Ltd
₹ 207
-4.44%
16 Apr 2025
About
Incorporated in 2002, Goldkart Jewels Ltd is in the business of Gold and Silver ornaments[1]
Key Points
- Market Cap ₹ 347 Cr.
- Current Price ₹ 207
- High / Low ₹ 221 / 91.7
- Stock P/E 104
- Book Value ₹ 29.9
- Dividend Yield 0.00 %
- ROCE 10.6 %
- ROE 7.72 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 63.7 to 27.5 days.
Cons
- Stock is trading at 6.90 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -2.68% over past five years.
- Company has a low return on equity of 4.87% over last 3 years.
* 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
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54.90 | 54.92 | 51.26 | 54.48 | 59.03 | 67.18 | 94.35 | 62.46 | 76.98 | 58.40 | 68.21 | 82.35 | |
| 53.48 | 53.62 | 50.21 | 53.51 | 57.41 | 65.11 | 92.72 | 60.86 | 75.32 | 56.26 | 65.04 | 76.23 | |
| Operating Profit | 1.42 | 1.30 | 1.05 | 0.97 | 1.62 | 2.07 | 1.63 | 1.60 | 1.66 | 2.14 | 3.17 | 6.12 |
| OPM % | 2.59% | 2.37% | 2.05% | 1.78% | 2.74% | 3.08% | 1.73% | 2.56% | 2.16% | 3.66% | 4.65% | 7.43% |
| 0.00 | 0.00 | 0.00 | 0.00 | -0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 1.41 | 0.00 | 0.00 | |
| Interest | 1.25 | 1.19 | 0.99 | 0.84 | 1.16 | 1.53 | 1.45 | 1.40 | 1.49 | 1.76 | 1.79 | 1.46 |
| Depreciation | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.04 | 0.03 | 0.06 | 0.07 |
| Profit before tax | 0.14 | 0.08 | 0.02 | 0.09 | 0.31 | 0.50 | 0.14 | 0.18 | 0.13 | 1.76 | 1.32 | 4.59 |
| Tax % | 35.71% | 25.00% | 50.00% | 33.33% | 41.94% | 28.00% | 50.00% | 27.78% | 30.77% | 14.20% | 26.52% | 27.67% |
| 0.09 | 0.05 | 0.02 | 0.06 | 0.19 | 0.37 | 0.08 | 0.13 | 0.09 | 1.51 | 0.97 | 3.32 | |
| EPS in Rs | 1.13 | 0.63 | 0.25 | 0.75 | 0.26 | 0.51 | 0.05 | 0.08 | 0.05 | 0.90 | 0.58 | 1.98 |
| Dividend Payout % | 0.00% | 0.00% | 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: | 4% |
| 5 Years: | -3% |
| 3 Years: | 2% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 52% |
| 5 Years: | 111% |
| 3 Years: | 233% |
| TTM: | 242% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 70% |
| 3 Years: | 119% |
| 1 Year: | 135% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.80 | 0.80 | 0.80 | 0.80 | 7.29 | 7.29 | 16.79 | 16.79 | 16.79 | 16.79 | 16.79 | 16.79 |
| Reserves | 3.72 | 3.77 | 3.78 | 3.85 | 2.09 | 2.55 | 4.39 | 4.51 | 4.60 | 6.11 | 19.01 | 33.43 |
| 8.29 | 8.73 | 7.72 | 7.51 | 12.78 | 12.30 | 11.71 | 14.23 | 15.91 | 14.02 | 14.45 | 13.57 | |
| 0.22 | 0.04 | 0.24 | 0.05 | 0.15 | 0.17 | 0.21 | 1.82 | 5.05 | 0.28 | 0.39 | 1.35 | |
| Total Liabilities | 13.03 | 13.34 | 12.54 | 12.21 | 22.31 | 22.31 | 33.10 | 37.35 | 42.35 | 37.20 | 50.64 | 65.14 |
| 0.17 | 0.22 | 0.18 | 0.15 | 0.11 | 0.08 | 0.09 | 0.11 | 0.11 | 0.42 | 0.38 | 0.33 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.73 |
| Investments | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.99 | 12.91 | 24.02 |
| 12.76 | 13.02 | 12.26 | 11.96 | 22.10 | 22.13 | 32.91 | 37.14 | 42.14 | 35.79 | 37.35 | 40.06 | |
| Total Assets | 13.03 | 13.34 | 12.54 | 12.21 | 22.31 | 22.31 | 33.10 | 37.35 | 42.35 | 37.20 | 50.64 | 65.14 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2.62 | 0.59 | 2.06 | 1.06 | -8.68 | 2.02 | -9.23 | -1.12 | 0.15 | 4.81 | 1.63 | 3.35 | |
| 0.00 | -0.07 | 0.00 | 0.00 | 0.00 | 0.00 | -0.05 | -0.03 | -0.05 | -1.23 | -0.02 | -0.74 | |
| 2.59 | -0.67 | -1.95 | -1.01 | 8.66 | -2.01 | 9.21 | 1.11 | 0.19 | -3.65 | -1.35 | -2.34 | |
| Net Cash Flow | -0.03 | -0.16 | 0.12 | 0.06 | -0.02 | 0.01 | -0.07 | -0.04 | 0.29 | -0.07 | 0.25 | 0.27 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 15.56 | 12.10 | 9.54 | 0.00 | 35.86 | 37.87 | 70.37 | 110.51 | 118.63 | 122.56 | 40.94 | 27.52 |
| Inventory Days | 69.97 | 76.49 | 78.84 | 80.53 | 102.30 | 83.54 | 56.94 | 108.29 | 81.30 | 103.26 | 163.53 | 145.75 |
| Days Payable | 0.07 | 0.14 | 1.47 | 0.00 | 0.06 | 0.00 | 0.00 | 10.44 | 24.31 | 0.07 | 0.00 | 0.10 |
| Cash Conversion Cycle | 85.46 | 88.45 | 86.91 | 80.53 | 138.10 | 121.41 | 127.31 | 208.35 | 175.63 | 225.75 | 204.46 | 173.18 |
| Working Capital Days | 82.17 | 86.13 | 84.66 | 78.45 | 134.61 | 117.95 | 125.61 | 205.64 | 174.11 | 220.06 | 194.57 | 168.69 |
| ROCE % | 12.74% | 9.73% | 7.89% | 7.60% | 9.21% | 9.16% | 5.78% | 4.62% | 4.45% | 5.69% | 7.14% | 10.61% |
Documents
Announcements
-
Outcome of Board Meeting
8 May 2025 - Goldkart Jewels approved and published audited standalone financial results for FY ended 31 March 2025.
-
Outcome of Board Meeting
8 May 2025 - Audited standalone financial results for FY ended 31 March 2025 approved with unmodified audit opinion.
-
Credit Rating- Revision
6 May 2025 - Crisil upgraded Goldkart Jewels' bank loan rating from B to BB with stable outlook for Rs 13 crore facility.
-
Board Meeting Intimation
3 May 2025 - GOLDKART JEWELS LIMITED has informed about Board Meeting to be held on 08-May-2025 to inter-alia consider and approve the Audited Financial results of the Company …
-
Structural Digital Database
25 April 2025 - Goldkart Jewels submits SDD compliance certificate confirming insider trading regulation adherence for FY2025.
Business {# Overview:https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/GoldkartJewelsLimited_November%2029_%202024_RR_357409.html #}[1][2]
GWL, a part of the Laxmi Group, operates a jewellery showroom in Ahmedabad, retailing gold, silver, diamond, and platinum jewellery. Its product range includes a wide variety of ornaments such as gold chains, necklaces, bangles, ear studs, nose rings, waist belts, kasu malai, finger rings, and bracelets, catering to both traditional and modern tastes. The company also deals in branded jewellery alongside its in-house offerings.
Raw materials like gold, gemstones, and American diamonds are sourced from key markets in Ahmedabad, Surat, and Mumbai. Raw gold is typically procured from the bullion market and crafted into finished jewellery through in-house manufacturing or third-party job work arrangements.