Goldkart Jewels Ltd
₹ 98.8
-5.00%
02 Nov
- close price
About
Incorporated in 2002, Goldkart Jewels Ltd is in the business of Gold and Silver ornaments[1]
Key Points
- Market Cap ₹ 166 Cr.
- Current Price ₹ 98.8
- High / Low ₹ 285 / 81.7
- Stock P/E 46.7
- 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 3.06 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
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Half Yearly Results
Figures in Rs. Crores
Upcoming result date: today
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 | |
| Sales growth | +0% | -7% | +6% | +8% | +14% | +40% | -34% | +23% | -24% | +17% | +21% | +42% |
| 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 | 0.12 | 0.05 | 0.15 | 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: | 45% |
| 3 Years: | 12% |
| 1 Year: | -61% |
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 48% | 197% | 112% | -533% | 104% | -564% | -67% | 11% | 236% | 62% | 76% | -185% |
Ratios
| 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 | 146 | 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 | 173 | 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Number of permanent employees count |
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Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) compliance certificate for quarter ended 30 September 2026.
-
Trading Window
- Trading window closed from 1 Oct 2026 until 48 hours after half-year unaudited results.
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Shareholders meeting
- Goldkart Jewels AGM on 30 Sep 2026 passed all 7 resolutions, including borrowing and investment limits.
-
Shareholders meeting
- Goldkart Jewels held its 17th AGM on 30 September 2026; approved financials and borrowing limits up to 300 crore.
-
Copy of Newspaper Publication
- Newspaper advertisement for 17th AGM notice and e-voting information published on 4 September 2026.
Annual reports
-
Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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Annual Report 2023
from nse
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Annual Report 2022
from nse
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Annual Report 2021
from nse
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Annual Report 2020
from nse
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.