Manoj Vaibhav Gems N Jewellers Ltd

Manoj Vaibhav Gems N Jewellers Ltd

₹ 243 -1.92%
08 Nov - close price
About

Incorporated in 2003, Manoj Vaibhav Gems
‘N’ Jewellers Ltd is in the retail business of Jewellery[1]

Key Points

Business Overview:[1][2]
MVGJL is a hyperlocal jewellery retail chain that is involved in retailing gold, silver, diamond, platinum, and various studded jewellery and operates through 16 showrooms and 2 franchisee stores spread across Andhra Pradesh and Telangana. It follows a hub & spoke model with small-sized showrooms operating peripheral to the larger showrooms. Company sells its products under the brand name Vaibhav Jewellers

  • Market Cap 1,188 Cr.
  • Current Price 243
  • High / Low 382 / 165
  • Stock P/E 14.2
  • Book Value 126
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 16.8 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
556 489 516 509 619 475 546 539
516 443 484 472 577 441 510 502
Operating Profit 39 46 32 37 42 34 37 37
OPM % 7% 9% 6% 7% 7% 7% 7% 7%
1 1 1 1 1 5 5 4
Interest 11 11 11 11 11 11 11 10
Depreciation 2 2 2 2 2 2 2 2
Profit before tax 27 34 20 26 30 25 28 29
Tax % 25% 27% 24% 26% 26% 24% 27% 25%
20 25 15 19 22 19 21 22
EPS in Rs 5.22 6.39 3.81 4.92 4.54 3.88 4.21 4.45
Raw PDF
Upcoming result date: 13 November 2024

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,276 1,431 1,689 2,025 2,148 2,180
1,193 1,350 1,584 1,881 1,997 2,030
Operating Profit 83 81 106 144 151 150
OPM % 7% 6% 6% 7% 7% 7%
5 -2 4 4 11 14
Interest 46 43 42 44 45 44
Depreciation 9 9 9 9 8 8
Profit before tax 33 28 58 96 109 112
Tax % 27% 25% 25% 25% 26%
24 21 44 72 81 83
EPS in Rs 24.96 21.23 44.71 18.32 16.57 17.08
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 15%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 41%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -21%
Return on Equity
10 Years: %
5 Years: %
3 Years: 19%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 10 39 49
Reserves 198 219 263 305 569
467 489 503 485 429
143 85 124 248 352
Total Liabilities 819 803 900 1,078 1,399
121 93 87 83 78
CWIP 17 7 3 1 1
Investments 0 0 0 0 0
681 704 809 994 1,321
Total Assets 819 803 900 1,078 1,399

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
33 -12 9 69 60
-6 11 1 -4 -126
-37 4 -26 -59 94
Net Cash Flow -9 4 -15 7 28

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 2 5 4 4 5
Inventory Days 212 184 188 193 211
Days Payable 34 17 22 8 19
Cash Conversion Cycle 181 172 171 190 196
Working Capital Days 147 151 146 131 134
ROCE % 12% 13% 17% 16%

Shareholding Pattern

Numbers in percentages

20 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.28% 74.28% 74.28% 74.28% 74.27%
8.77% 8.64% 8.04% 7.96% 2.86%
2.60% 1.66% 1.23% 1.23% 1.16%
14.36% 15.42% 16.46% 16.54% 21.71%
No. of Shareholders 65,71725,73425,00723,39430,815

* 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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