Swarnsarita Jewels India Ltd

Swarnsarita Jewels India Ltd

₹ 30.2 2.38%
04 Jul - close price
About

Incorporated in 2005, Swarnsarita Jewels India Ltd is a manufacturer, wholesaler and retailer of Gold and Diamond Jewelry

Key Points

Business Overview:[1]
Company is involved in the business of Export & Import and Manufacturing & Trading of Polished Diamonds, Gems & Jewelry

  • Market Cap 63.0 Cr.
  • Current Price 30.2
  • High / Low 42.4 / 19.6
  • Stock P/E 12.4
  • Book Value 59.1
  • Dividend Yield 0.00 %
  • ROCE 6.76 %
  • ROE 4.21 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.51 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.44% over past five years.
  • Company has a low return on equity of 5.32% over last 3 years.
  • Promoters have pledged 57.7% of their holding.
  • Earnings include an other income of Rs.4.78 Cr.

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
209.22 121.40 263.55 257.12 199.12 207.46 269.38 231.08 139.74 172.57 179.35 175.11 154.13
206.04 119.34 261.09 253.63 197.57 203.70 263.39 232.59 137.12 164.51 179.06 173.76 152.80
Operating Profit 3.18 2.06 2.46 3.49 1.55 3.76 5.99 -1.51 2.62 8.06 0.29 1.35 1.33
OPM % 1.52% 1.70% 0.93% 1.36% 0.78% 1.81% 2.22% -0.65% 1.87% 4.67% 0.16% 0.77% 0.86%
1.79 1.53 2.13 1.70 2.84 2.11 0.93 0.18 0.80 0.34 1.64 1.29 1.51
Interest 2.02 1.63 1.73 1.64 1.92 2.11 2.65 1.07 1.96 2.06 2.36 2.53 1.65
Depreciation 0.06 0.07 0.07 0.07 0.05 0.06 0.06 0.07 0.08 0.07 0.07 0.08 0.09
Profit before tax 2.89 1.89 2.79 3.48 2.42 3.70 4.21 -2.47 1.38 6.27 -0.50 0.03 1.10
Tax % 34.26% 0.00% 44.44% 25.29% 22.31% 24.86% 26.84% 25.91% 21.74% 25.04% 26.00% 33.33% 33.64%
1.90 1.90 1.56 2.60 1.87 2.77 3.08 -1.83 1.07 4.71 -0.38 0.03 0.73
EPS in Rs 0.91 0.91 0.75 1.25 0.90 1.33 1.48 -0.88 0.51 2.26 -0.18 0.01 0.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
157 170 240 321 286 485 548 559 575 840 848 681
156 168 235 317 281 479 542 552 565 831 837 670
Operating Profit 1 2 5 4 5 6 6 7 11 10 11 11
OPM % 1% 1% 2% 1% 2% 1% 1% 1% 2% 1% 1% 2%
1 2 3 4 4 5 6 7 4 8 4 5
Interest 0 1 3 4 4 4 5 6 6 7 8 9
Depreciation 0 0 0 0 0 0 0 1 0 0 0 0
Profit before tax 2 3 5 4 4 6 7 8 8 11 7 7
Tax % 21% 20% 32% 31% 31% 33% 33% 31% 29% 25% 25% 26%
2 2 3 3 3 4 5 5 6 8 5 5
EPS in Rs 0.77 1.01 1.48 1.28 1.37 2.06 2.26 2.54 2.88 3.87 2.44 2.44
Dividend Payout % 65% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 4%
3 Years: 6%
TTM: -20%
Compounded Profit Growth
10 Years: 9%
5 Years: 2%
3 Years: -5%
TTM: 0%
Stock Price CAGR
10 Years: -2%
5 Years: 29%
3 Years: 24%
1 Year: 40%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 21 21 21 21 21 21 21 21 21 21 21 21
Reserves 53 55 58 61 64 68 73 78 84 92 97 103
0 15 48 75 79 105 131 101 117 126 117 100
11 30 8 11 7 10 8 8 4 6 3 2
Total Liabilities 85 121 135 168 170 204 233 208 226 245 239 226
0 0 0 2 2 1 2 3 5 5 5 6
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 10 11 11 16 13 10 10 10 10 10 10 10
74 110 124 150 156 193 221 195 211 230 224 209
Total Assets 85 121 135 168 170 204 233 208 226 245 239 226

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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 -13 -29 0 -17 6 -27 13 5 7 12 5
6 1 2 -4 5 5 2 1 -2 3 2 2
-5 16 37 22 0 -4 20 -35 9 2 -17 -25
Net Cash Flow -0 3 10 18 -12 8 -4 -21 13 12 -3 -18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 34 96 57 54 56 39 42 45 57 37 40 30
Inventory Days 90 89 82 66 101 60 70 62 50 38 33 42
Days Payable 22 65 8 11 5 2 2 1 1 1 1 0
Cash Conversion Cycle 101 120 130 109 152 98 110 106 106 74 72 71
Working Capital Days 145 161 155 105 145 90 114 110 111 78 77 99
ROCE % 3% 4% 7% 6% 5% 6% 6% 6% 7% 8% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.19% 50.19% 50.19% 50.19% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03% 52.03%
49.81% 49.81% 49.81% 49.81% 47.97% 47.96% 47.98% 47.97% 47.97% 47.96% 47.96% 47.97%
No. of Shareholders 6,3076,5307,3137,5927,5037,5247,5767,5737,5988,0888,1808,374

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