Shubhlaxmi Jewel Art Ltd

Shubhlaxmi Jewel Art Ltd

₹ 77.0 -2.22%
24 Apr 11:37 a.m.
About

Incorporated in 2013, Shubhlaxmi Jewel Art Ltd does the wholesale and retail business
of jewelry[1]

Key Points

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

  • Market Cap 67.8 Cr.
  • Current Price 77.0
  • High / Low 117 / 63.2
  • Stock P/E 45.2
  • Book Value 24.3
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 5.98 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.17 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 7.13% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.68%

* 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: Trading Industry: Trading

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
22.45 31.02 8.46 20.70 23.71 37.99 35.74 41.86 26.72
21.43 29.57 7.23 19.14 22.84 36.94 34.73 40.63 25.17
Operating Profit 1.02 1.45 1.23 1.56 0.87 1.05 1.01 1.23 1.55
OPM % 4.54% 4.67% 14.54% 7.54% 3.67% 2.76% 2.83% 2.94% 5.80%
0.00 0.00 0.05 0.00 0.00 0.00 0.05 0.33 0.37
Interest 0.39 0.34 0.34 0.24 0.25 0.50 0.40 0.70 0.55
Depreciation 0.07 0.07 0.07 0.07 0.06 0.06 0.06 0.08 0.09
Profit before tax 0.56 1.04 0.87 1.25 0.56 0.49 0.60 0.78 1.28
Tax % 23.21% 25.00% 25.29% 24.80% 26.79% 22.45% 26.67% 26.92% 27.34%
0.43 0.78 0.65 0.95 0.41 0.37 0.44 0.57 0.93
EPS in Rs 0.52 0.94 0.78 1.14 0.49 0.45 0.50 0.65 1.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
51.23 53.09 29.12 61.49 77.26 68.58
48.80 50.62 26.33 59.46 74.88 65.80
Operating Profit 2.43 2.47 2.79 2.03 2.38 2.78
OPM % 4.74% 4.65% 9.58% 3.30% 3.08% 4.05%
0.01 0.00 0.05 0.00 0.38 0.70
Interest 0.75 0.73 0.58 0.86 1.23 1.25
Depreciation 0.33 0.14 0.15 0.12 0.14 0.17
Profit before tax 1.36 1.60 2.11 1.05 1.39 2.06
Tax % 25.74% 24.38% 24.17% 24.76% 26.62%
1.00 1.21 1.59 0.78 1.02 1.50
EPS in Rs 1.20 1.46 1.91 0.94 1.16 1.71
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 13%
TTM: -7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -6%
TTM: 85%
Stock Price CAGR
10 Years: %
5 Years: -4%
3 Years: 83%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: %
3 Years: 7%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8.30 8.30 8.30 8.30 8.80 10.60
Reserves 4.33 5.54 7.13 7.91 9.13 10.78
7.70 7.10 5.01 6.55 11.53 11.64
4.13 1.82 4.27 3.74 4.83 6.40
Total Liabilities 24.46 22.76 24.71 26.50 34.29 39.42
1.99 2.04 1.89 1.79 1.94 2.05
CWIP 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
22.47 20.72 22.82 24.71 32.35 37.37
Total Assets 24.46 22.76 24.71 26.50 34.29 39.42

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-14.72 1.05 2.35 -1.89 1.23
-2.32 -0.19 -0.01 -0.02 0.09
17.62 -1.00 -2.59 1.86 -1.16
Net Cash Flow 0.57 -0.14 -0.25 -0.05 0.16

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 11.76 8.80 15.79 12.82 6.66
Inventory Days 154.36 145.68 329.99 136.97 124.92
Days Payable 23.77 4.41 33.27 5.19 7.40
Cash Conversion Cycle 142.34 150.07 312.51 144.60 124.18
Working Capital Days 118.13 121.96 229.75 128.51 131.71
ROCE % 11.29% 13.00% 8.84% 10.03%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.73% 69.73% 69.73% 69.86% 69.73% 65.79% 65.79% 65.79% 65.79% 64.95% 64.95% 64.95%
0.19% 0.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.09% 29.99% 30.27% 30.14% 30.27% 34.21% 34.21% 34.21% 34.21% 35.05% 35.05% 35.05%
No. of Shareholders 451471452366451579516516516556587595

* 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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