Shubhlaxmi Jewel Art Ltd
₹ 74.0
-4.88%
02 May
3:47 p.m.
About
Incorporated in 2013, Shubhlaxmi Jewel Art Ltd does the wholesale and retail business
of jewelry[1]
Key Points
- Market Cap ₹ 65.2 Cr.
- Current Price ₹ 74.0
- High / Low ₹ 117 / 67.6
- Stock P/E 43.4
- Book Value ₹ 24.3
- Dividend Yield 0.00 %
- ROCE 10.0 %
- ROE 5.98 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.05 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.
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Half Yearly Results
Figures in Rs. Crores
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: | -5% |
3 Years: | 75% |
1 Year: | -4% |
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% |
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