Goldkart Jewels Ltd
₹ 191
-4.02%
27 Apr
- close price
About
Incorporated in 2002, Goldkart Jewels Ltd is in the business of Gold and Silver ornaments[1]
Key Points
- Market Cap ₹ 321 Cr.
- Current Price ₹ 191
- High / Low ₹ 285 / 190
- Stock P/E 90.3
- Book Value ₹ 32.3
- Dividend Yield 0.00 %
- ROCE 9.20 %
- ROE 6.80 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 103 days to 79.7 days
Cons
- Stock is trading at 5.92 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 6.29% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 51 | 54 | 59 | 67 | 94 | 62 | 77 | 58 | 68 | 82 | 117 | |
| 54 | 50 | 54 | 57 | 65 | 93 | 61 | 75 | 56 | 65 | 76 | 110 | |
| Operating Profit | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 7 |
| OPM % | 2% | 2% | 2% | 3% | 3% | 2% | 3% | 2% | 4% | 5% | 7% | 6% |
| 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 5 | 5 |
| Tax % | 25% | 50% | 33% | 42% | 28% | 50% | 28% | 31% | 14% | 27% | 28% | 23% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 3 | 4 | |
| EPS in Rs | 0.63 | 0.25 | 0.75 | 0.26 | 0.51 | 0.05 | 0.08 | 0.05 | 0.90 | 0.58 | 1.98 | 2.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 26% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 68% |
| 5 Years: | 94% |
| 3 Years: | 125% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 74% |
| 3 Years: | 88% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.80 | 0.80 | 0.80 | 7 | 7 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 4 | 4 | 4 | 2 | 3 | 4 | 5 | 5 | 6 | 19 | 33 | 37 |
| 9 | 8 | 8 | 13 | 12 | 12 | 14 | 16 | 14 | 14 | 14 | 32 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 0 | 0 | 1 | 1 | |
| Total Liabilities | 13 | 13 | 12 | 22 | 22 | 33 | 37 | 42 | 37 | 51 | 65 | 88 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 13 | 24 | 24 |
| 13 | 12 | 12 | 22 | 22 | 33 | 37 | 42 | 36 | 37 | 40 | 62 | |
| Total Assets | 13 | 13 | 12 | 22 | 22 | 33 | 37 | 42 | 37 | 51 | 65 | 88 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | -9 | 2 | -9 | -1 | 0 | 5 | 2 | 3 | -14 | |
| -0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -1 | -0 | -1 | -0 | |
| -1 | -2 | -1 | 9 | -2 | 9 | 1 | 0 | -4 | -1 | -2 | 16 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 2 |
| Free Cash Flow | 1 | 2 | 1 | -9 | 2 | -9 | -1 | 0 | 4 | 2 | 3 | -14 |
| CFO/OP | 48% | 197% | 112% | -533% | 104% | -564% | -67% | 11% | 236% | 62% | 76% | -185% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 10 | 0 | 36 | 38 | 70 | 111 | 119 | 123 | 41 | 28 | 42 |
| Inventory Days | 76 | 79 | 81 | 102 | 84 | 57 | 108 | 81 | 103 | 164 | 147 | 149 |
| Days Payable | 0 | 1 | 0 | 0 | 0 | 0 | 10 | 24 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 88 | 87 | 81 | 138 | 121 | 127 | 208 | 176 | 226 | 204 | 174 | 191 |
| Working Capital Days | 31 | 32 | 36 | 56 | 52 | 81 | 129 | 111 | 149 | 121 | 110 | 80 |
| ROCE % | 10% | 8% | 8% | 9% | 9% | 6% | 5% | 4% | 6% | 7% | 11% | 9% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Number of Permanent Employees Number |
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| Gross Current Assets (GCA) Days Days |
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| Bank Limit Utilization (Average 12 Months) % |
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| Borrowing and Investment Limits INR Crore |
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Documents
Announcements
-
Disclosure under SEBI Takeover Regulations
29 April 2026 - Vijay Chinubhai Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Outcome of Board Meeting
29 April 2026 - Board approved audited standalone results for year ended 31 March 2026; auditors issued unmodified opinion.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
20 April 2026 - Compliance certificate under Regulation 74(5) for quarter ended 31 March 2026 filed.
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Updates
3 April 2026 - Promoter group disclosed no encumbrance on shares for FY ended 31 March 2026.
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Trading Window
30 March 2026 - Goldkart closes trading window from Apr 1, 2026 until 48 hours after audited FY2025-26 results declaration.
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.