Shubhlaxmi Jewel Art Ltd
₹ 15.6
2.97%
31 Oct
- close price
About
Incorporated in 2013, Shubhlaxmi Jewel Art Ltd does the wholesale and retail business
of jewelry[1]
Key Points
- Market Cap ₹ 13.7 Cr.
- Current Price ₹ 15.6
- High / Low ₹ 36.6 / 13.4
- Stock P/E 15.3
- Book Value ₹ 25.6
- Dividend Yield 0.00 %
- ROCE 7.98 %
- ROE 4.07 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.61 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 0.67% over past five years.
- Company has a low return on equity of 5.28% over last 3 years.
- Promoter holding has decreased over last 3 years: -9.59%
* 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 2019 11m | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 51.23 | 53.09 | 29.12 | 61.49 | 77.26 | 68.07 | 54.90 | |
| 48.80 | 50.62 | 26.33 | 59.46 | 74.88 | 65.69 | 52.02 | |
| Operating Profit | 2.43 | 2.47 | 2.79 | 2.03 | 2.38 | 2.38 | 2.88 |
| OPM % | 4.74% | 4.65% | 9.58% | 3.30% | 3.08% | 3.50% | 5.25% |
| 0.01 | 0.00 | 0.05 | 0.00 | 0.38 | 0.69 | 0.00 | |
| Interest | 0.75 | 0.73 | 0.58 | 0.86 | 1.23 | 1.19 | 1.36 |
| Depreciation | 0.33 | 0.14 | 0.15 | 0.12 | 0.14 | 0.20 | 0.15 |
| Profit before tax | 1.36 | 1.60 | 2.11 | 1.05 | 1.39 | 1.68 | 1.37 |
| Tax % | 25.74% | 24.38% | 24.17% | 24.76% | 26.62% | 27.38% | 32.85% |
| 1.00 | 1.21 | 1.59 | 0.78 | 1.02 | 1.22 | 0.90 | |
| EPS in Rs | 1.20 | 1.46 | 1.91 | 0.94 | 1.16 | 1.39 | 1.02 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | -4% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | 5% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | -32% |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 8.30 | 8.30 | 8.30 | 8.30 | 8.80 | 10.60 | 10.60 |
| Reserves | 4.33 | 5.54 | 7.13 | 8.72 | 9.76 | 11.07 | 11.97 |
| 7.70 | 7.10 | 5.01 | 6.55 | 11.53 | 10.55 | 13.59 | |
| 4.13 | 1.82 | 4.27 | 2.93 | 4.20 | 3.66 | 5.52 | |
| Total Liabilities | 24.46 | 22.76 | 24.71 | 26.50 | 34.29 | 35.88 | 41.68 |
| 1.99 | 2.04 | 1.89 | 1.79 | 1.94 | 1.92 | 1.84 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 22.47 | 20.72 | 22.82 | 24.71 | 32.35 | 33.96 | 39.84 | |
| Total Assets | 24.46 | 22.76 | 24.71 | 26.50 | 34.29 | 35.88 | 41.68 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -14.72 | 1.05 | 2.35 | -1.89 | 1.23 | -0.47 | -1.70 | |
| -2.32 | -0.19 | -0.01 | -0.02 | 0.09 | 0.50 | -0.07 | |
| 17.62 | -1.00 | -2.59 | 1.86 | -1.16 | -0.18 | 1.87 | |
| Net Cash Flow | 0.57 | -0.14 | -0.25 | -0.05 | 0.16 | -0.14 | 0.10 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 11.76 | 8.80 | 15.79 | 12.82 | 6.66 | 9.12 | 7.58 |
| Inventory Days | 154.36 | 145.68 | 329.99 | 136.97 | 124.92 | 186.58 | 288.91 |
| Days Payable | 23.77 | 4.41 | 33.27 | 5.19 | 7.40 | 7.14 | 9.26 |
| Cash Conversion Cycle | 142.34 | 150.07 | 312.51 | 144.60 | 124.18 | 188.55 | 287.22 |
| Working Capital Days | 82.79 | 87.45 | 168.84 | 101.74 | 90.19 | 118.45 | 153.98 |
| ROCE % | 11.29% | 13.00% | 8.68% | 9.77% | 9.34% | 7.98% |
Documents
Announcements
-
Structural Digital Database
16 October 2025 - Compliance certificate confirming SDD captured two UPSI events for quarter ended Sep 30, 2025.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 October 2025 - Demat confirmations for Shubhlaxmi Jewel Art Limited for quarter ended 30 September 2025.
-
Change in Auditors
15 October 2025 - Board approved appointment of M/s Jalpesh Vaghela & Co. as statutory auditors for FY2025-26, subject to EGM approval.
-
Outcome of Board Meeting
15 October 2025 - Board appointed M/s Jalpesh Vaghela & Co as statutory auditors for FY2025-26; subject to EGM approval (Oct 15, 2025).
-
Shareholders meeting
1 October 2025 - Voting results filed for Shubhlaxmi Jewel Art Ltd AGM held 29 Sep 2025; attendance and poll details enclosed.
Business Overview:[1]
Company is in the retail and wholesale business of various jewelries and ornaments made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones. Ornaments are also made to order as per requirements by customers and the same are manufactured by third party manufacturers on job work basis. Further, company also purchase readymade jewelries from independent jewelers. In addition to retail operations, company sell jewelries on a wholesale basis to other jewelry retailers in Gujarat. Company' showroom is located at Bhavnagar, Gujarat. Company majorly procures required gold bullion, silver bullion, diamonds, platinum jewelry, gold and diamond ornaments and precious and semi-precious stones from bullion and jewelry market dealers in Gujarat