Goldkart Jewels Ltd
Incorporated in 2002, Goldkart Jewels Ltd is in the business of Gold and Silver ornaments[1]
- Market Cap ₹ 180 Cr.
- Current Price ₹ 107
- High / Low ₹ 285 / 81.7
- Stock P/E 50.6
- 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 3.32 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of Nifty SME Emerge
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 % | 2.4% | 2.0% | 1.8% | 2.7% | 3.1% | 1.7% | 2.6% | 2.2% | 3.7% | 4.7% | 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: | 52% |
| 3 Years: | 22% |
| 1 Year: | -54% |
| 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| Oct 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of permanent employees count |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
- Newspaper advertisement for 17th AGM notice and e-voting information published on 4 September 2026.
-
Shareholders meeting
- 17th AGM on 30 Sep 2026 via VC/OAVM; members to vote on results, director reappointments, and 300 Cr powers.
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Record Date
- Book closure from 23–30 September 2026 for 17th AGM on 30 September 2026.
-
Outcome of Board Meeting
- Board approved FY26 report, reappointed Vijay C. Shah and Alpa V. Shah for five years, and fixed 30 Sept 2026 AGM.
-
Shareholders meeting
- Shareholders approved ₹100 crore loan to promoter group company Laxmi Goldorna House Limited via postal ballot.
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.