Manoj Vaibhav Gems N Jewellers Ltd
Incorporated in 2003, Manoj Vaibhav Gems
‘N’ Jewellers Ltd is in the retail business of Jewellery[1]
- Market Cap ₹ 1,292 Cr.
- Current Price ₹ 265
- High / Low ₹ 354 / 165
- Stock P/E 14.7
- Book Value ₹ 136
- 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.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Quarterly Results
Figures in Rs. Crores
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 | 2,203 | |
| 1,193 | 1,350 | 1,584 | 1,881 | 1,997 | 2,051 | |
| Operating Profit | 83 | 81 | 106 | 144 | 151 | 152 |
| OPM % | 7% | 6% | 6% | 7% | 7% | 7% |
| 5 | -2 | 4 | 4 | 11 | 17 | |
| Interest | 46 | 43 | 42 | 44 | 45 | 43 |
| Depreciation | 9 | 9 | 9 | 9 | 8 | 8 |
| Profit before tax | 33 | 28 | 58 | 96 | 109 | 118 |
| Tax % | 27% | 25% | 25% | 25% | 26% | |
| 24 | 21 | 44 | 72 | 81 | 88 | |
| EPS in Rs | 24.96 | 21.23 | 44.71 | 18.32 | 16.57 | 18.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 15% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| 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 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 39 | 49 | 49 |
| Reserves | 198 | 219 | 263 | 305 | 569 | 617 |
| 467 | 489 | 503 | 485 | 429 | 432 | |
| 143 | 85 | 124 | 248 | 352 | 388 | |
| Total Liabilities | 819 | 803 | 900 | 1,078 | 1,399 | 1,487 |
| 121 | 93 | 87 | 83 | 78 | 77 | |
| CWIP | 17 | 7 | 3 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 681 | 704 | 809 | 994 | 1,321 | 1,409 | |
| Total Assets | 819 | 803 | 900 | 1,078 | 1,399 | 1,487 |
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% |
Documents
Announcements
-
Opening Of New Jewellery Store At Amalapuram, Andhra Pradesh
10 Dec - Inauguration of new Vaibhav Jewellers store in Amalapuram.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Nov - Monitoring agency report on IPO proceeds utilization.
-
Statement Of Deviation/Variation For The Quarter Ended September 30, 2024
13 Nov - No deviation in IPO fund utilization for Q2 2024.
- Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024 13 Nov
-
Board Meeting Outcome for Outcome Of Board Meeting
13 Nov - Approved un-audited financial results for Q2 2024.
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