Sunraj Diamond Exports Ltd

Sunraj Diamond Exports Ltd

₹ 15.0 -4.81%
18 Nov - close price
About

Incorporated in 1991, Sunraj Diamond Ltd is in the business of manufacturing, trading and exporting of gold jewelry, cut and polished diamond and silver items.

Key Points

Product Range:[1]
a) Rough Diamonds: Company sources its raw material from Gokhran and Angola, along with smaller miners in Africa.
b) Polished Diamonds: Company maintains a stock of diamonds ranging from 0.01 carats till 0.10 carats. These diamonds are sourced through partnerships with manufacturers based in Surat.
c) Gold/Diamond Jewelry: Company manufactures gold and diamond jewelry for B2C business and caters to private clients. Company specializes in Solitaire wedding rings, Wedding bands, Cocktail rings & earrings, Solitaire earrings and Tennis bracelets. All heavy necklaces and other intricate jewelry are catered on a made to order basis. Company outsources its manufacturing to several manufacturers in Mumbai and Surat while all the raw materials like Gold and Diamonds and coloured stones are procured by company to complete the piece of jewelry. Jewelry is manufactured
in 18, 14 and 10 carat gold.

  • Market Cap 8.02 Cr.
  • Current Price 15.0
  • High / Low 15.8 / 6.45
  • Stock P/E
  • Book Value 2.12
  • Dividend Yield 0.00 %
  • ROCE 0.63 %
  • ROE -15.8 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 7.10 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 1,229 days.

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.40 1.68 1.41 0.67 0.19 0.35 0.15 1.40 0.53 0.17 0.44 0.15 0.24
0.37 1.59 1.46 0.72 0.27 0.37 0.34 1.43 0.59 0.24 1.15 0.22 0.32
Operating Profit 0.03 0.09 -0.05 -0.05 -0.08 -0.02 -0.19 -0.03 -0.06 -0.07 -0.71 -0.07 -0.08
OPM % 7.50% 5.36% -3.55% -7.46% -42.11% -5.71% -126.67% -2.14% -11.32% -41.18% -161.36% -46.67% -33.33%
-0.02 0.01 0.22 0.43 0.32 0.19 -0.23 0.07 0.07 0.30 0.00 0.00 0.36
Interest 0.02 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax -0.01 0.08 0.16 0.38 0.23 0.16 -0.43 0.03 0.00 0.22 -0.72 -0.08 0.27
Tax % 0.00% 0.00% 6.25% 0.00% 0.00% -12.50% 4.65% 0.00% 0.00% 37.50% 0.00% 0.00%
-0.01 0.07 0.15 0.37 0.23 0.18 -0.45 0.03 0.01 0.22 -0.99 -0.08 0.28
EPS in Rs -0.02 0.13 0.28 0.69 0.43 0.34 -0.84 0.06 0.02 0.41 -1.86 -0.15 0.53
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
65.82 39.36 53.92 3.18 0.58 0.63 1.93 0.78 1.24 4.38 1.37 2.54 1.00
63.68 38.55 52.09 4.22 1.46 1.31 3.71 2.94 3.00 4.41 1.73 2.83 1.93
Operating Profit 2.14 0.81 1.83 -1.04 -0.88 -0.68 -1.78 -2.16 -1.76 -0.03 -0.36 -0.29 -0.93
OPM % 3.25% 2.06% 3.39% -32.70% -151.72% -107.94% -92.23% -276.92% -141.94% -0.68% -26.28% -11.42% -93.00%
0.76 0.99 1.05 1.61 -0.35 0.25 1.10 1.35 0.06 0.46 0.73 0.43 0.66
Interest 0.85 1.27 1.17 1.40 1.15 1.16 1.10 0.70 0.90 0.17 0.01 0.01 0.00
Depreciation 0.12 0.13 0.13 0.22 0.09 0.10 0.03 0.03 0.00 0.01 0.02 0.03 0.04
Profit before tax 1.93 0.40 1.58 -1.05 -2.47 -1.69 -1.81 -1.54 -2.60 0.25 0.34 0.10 -0.31
Tax % 16.58% 27.50% 0.63% -27.62% -0.40% -0.59% 1.66% 3.25% 2.69% 4.00% 0.00% 270.00%
1.61 0.29 1.57 -0.76 -2.46 -1.68 -1.84 -1.60 -2.68 0.24 0.34 -0.16 -0.57
EPS in Rs 3.02 0.54 2.95 -1.43 -4.62 -3.15 -3.45 -3.00 -5.03 0.45 0.64 -0.30 -1.07
Dividend Payout % 33.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -24%
5 Years: 6%
3 Years: 27%
TTM: -59%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 25%
TTM: -148%
Stock Price CAGR
10 Years: 6%
5 Years: 17%
3 Years: 28%
1 Year: 111%
Return on Equity
10 Years: -20%
5 Years: -55%
3 Years: 18%
Last Year: -16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33 5.33
Reserves 3.63 3.91 5.48 4.72 2.18 0.51 -1.16 -2.63 -5.33 -4.58 -4.24 -4.40 -4.20
14.35 11.94 9.84 8.49 10.37 14.11 12.49 13.25 14.53 17.00 16.48 16.40 16.61
12.16 11.39 12.53 9.77 4.08 2.26 3.38 2.48 1.78 0.34 3.53 9.31 9.19
Total Liabilities 35.47 32.57 33.18 28.31 21.96 22.21 20.04 18.43 16.31 18.09 21.10 26.64 26.93
2.06 1.97 1.83 0.31 0.21 0.12 0.09 0.06 0.05 0.08 0.14 0.11 0.10
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 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 0.00 0.00 0.00 0.00 0.00 0.00
33.41 30.60 31.35 28.00 21.75 22.09 19.95 18.37 16.26 18.01 20.96 26.53 26.83
Total Assets 35.47 32.57 33.18 28.31 21.96 22.21 20.04 18.43 16.31 18.09 21.10 26.64 26.93

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.89 3.52 1.46 0.33 -0.47 -2.59 2.75 -0.06 -0.39 -2.63 0.89 -0.36
-0.15 0.06 0.07 1.44 -0.07 0.00 0.00 -0.01 0.00 -0.04 -0.08 0.00
-1.15 -3.97 -2.74 -1.80 0.48 2.58 -2.71 0.03 0.41 2.83 -0.54 -0.09
Net Cash Flow 0.59 -0.39 -1.21 -0.03 -0.06 -0.01 0.04 -0.04 0.02 0.16 0.27 -0.45

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 153.72 225.16 186.70 2,889.01 12,145.69 11,199.13 3,269.87 8,058.08 4,538.95 950.00 2,368.50 1,228.64
Inventory Days 14.80 30.58 11.62 69.75 227.26 365.00 102.85 138.80 179.78 555.88 3,412.75 2,816.40
Days Payable 58.49 98.45 73.88 979.92 2,155.57 905.48 463.81 1,120.70 871.64 23.28 1,067.62 1,415.37
Cash Conversion Cycle 110.03 157.29 124.44 1,978.83 10,217.39 10,658.65 2,908.90 7,076.18 3,847.09 1,482.60 4,713.63 2,629.67
Working Capital Days 105.86 161.73 123.47 1,997.17 10,975.17 11,367.14 3,116.68 7,154.94 4,159.23 1,441.67 4,491.90 2,457.28
ROCE % 7.51% 13.15% 0.10% -7.25% -2.80% -3.88% -5.34% -11.15% 2.60% 1.98% 0.63%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.29% 37.29% 37.29% 37.29% 37.29% 37.29% 37.29% 41.27% 41.27% 41.27% 41.27% 41.27%
0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17%
62.54% 62.54% 62.54% 62.54% 62.54% 62.55% 62.53% 58.55% 58.56% 58.57% 58.56% 58.56%
No. of Shareholders 8,8588,9548,9648,9668,9828,9968,9929,3059,4309,4499,4629,810

* 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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