Rajnish Retail Ltd

Rajnish Retail Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rajnish Retail Ltd

₹ 12.8 4.93%
15 Jan 1:56 p.m.
sheetaldiamonds.com BSE: 530525
About

Incorporated in 1995, Sheetal Diamonds Ltd manufactures, trades and exports loose diamonds and jewelry

Key Points

Product Portfolio[1]
A) Diamonds: Company uses finest cut Belgium diamonds available in 9K, 10K, 14K and 18K gold, platinum and silver.
a) White Loose Diamonds[2]
b) GIA, IGI, HRD Certified Diamonds[3]
c) Fancy Cut Diamonds[4]
d) Fancy Color Diamonds[5]

B) Jewelry:
Company has over 1,00,000 jewelry designs comprised of:
a) Ring[6]
b) Earring[7]
c) Pendant[8]
d) Bracelet/Bangle[9]
e) Necklace[10]
f) Nose Pin[11]

In addition to above, company offers finish inclusive of Rhodium Plating, Guaranteed
Silver Plating, Antique Silver Plating, Gold
Plating, Antique Gold Plating, Lacquer Gold Plating, Rose Gold Plating, Carat Gold Plating, Victoria Plating, Two-tone plating in gold and rhodium.

Website BSE
  • Market Cap ₹ 196 Cr.
  • Current Price ₹ 12.8
  • High / Low ₹ 19.6 / 7.57
  • Stock P/E 150
  • Book Value ₹ 4.38
  • Dividend Yield 0.00 %
  • ROCE 1.57 %
  • ROE 1.30 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.91 times its book value
  • The company has delivered a poor sales growth of -20.7% over past five years.
  • Promoter holding is low: 25.4%
  • Company has a low return on equity of -0.11% over last 3 years.
  • Earnings include an other income of Rs.0.52 Cr.
  • Company has high debtors of 335 days.
  • Working capital days have increased from 1,038 days to 2,788 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: Retail Industry: Trading

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Quarterly Results

Figures in Rs. Crores

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
7.08 4.89 1.09 1.31 0.42 0.06 1.37 0.00 0.08 2.18 4.03 13.34 25.51
7.52 6.46 0.34 1.47 0.56 0.40 1.01 0.14 0.05 2.18 3.78 12.68 25.12
Operating Profit -0.44 -1.57 0.75 -0.16 -0.14 -0.34 0.36 -0.14 0.03 0.00 0.25 0.66 0.39
OPM % -6.21% -32.11% 68.81% -12.21% -33.33% -566.67% 26.28% 37.50% 0.00% 6.20% 4.95% 1.53%
0.07 0.35 0.18 0.01 0.01 0.02 0.03 0.00 0.00 0.16 0.21 0.03 0.12
Interest 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
Depreciation 0.03 0.03 0.03 0.04 0.03 0.03 0.02 0.01 0.00 0.04 0.00 0.00 0.00
Profit before tax -0.40 -1.25 0.90 -0.19 -0.16 -0.35 0.37 -0.15 0.03 0.12 0.46 0.69 0.51
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% -5.71% 0.00% -6.67% 0.00% 33.33% 30.43% 24.64% 25.49%
-0.40 -1.26 0.90 -0.18 -0.16 -0.32 0.37 -0.14 0.03 0.09 0.32 0.52 0.38
EPS in Rs -0.08 -0.25 0.18 -0.04 -0.03 -0.06 0.07 -0.03 0.01 0.01 0.03 0.03 0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
43.32 28.16 3.83 9.96 21.86 18.51 20.10 18.34 22.60 21.13 3.16 6.29 45.06
43.39 28.13 3.80 9.91 21.77 18.44 20.65 18.95 22.41 21.89 3.38 6.08 43.76
Operating Profit -0.07 0.03 0.03 0.05 0.09 0.07 -0.55 -0.61 0.19 -0.76 -0.22 0.21 1.30
OPM % -0.16% 0.11% 0.78% 0.50% 0.41% 0.38% -2.74% -3.33% 0.84% -3.60% -6.96% 3.34% 2.89%
-0.23 0.03 0.01 -2.25 0.00 0.04 0.40 0.53 0.28 0.78 0.02 0.33 0.52
Interest 0.01 0.00 0.00 0.00 0.03 0.03 0.01 0.03 0.03 0.05 0.01 0.01 0.00
Depreciation 0.04 0.05 0.07 0.06 0.05 0.04 0.03 0.03 0.06 0.13 0.12 0.06 0.04
Profit before tax -0.35 0.01 -0.03 -2.26 0.01 0.04 -0.19 -0.14 0.38 -0.16 -0.33 0.47 1.78
Tax % 0.00% 0.00% 0.00% 0.00% 300.00% -75.00% 5.26% 0.00% 2.63% 0.00% -6.06% 27.66%
-0.35 0.00 -0.03 -2.26 -0.01 0.07 -0.20 -0.15 0.37 -0.16 -0.30 0.34 1.31
EPS in Rs -0.07 0.00 -0.01 -0.45 -0.00 0.01 -0.04 -0.03 0.07 -0.03 -0.06 0.03 0.09
Dividend Payout % 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: -14%
5 Years: -21%
3 Years: -35%
TTM: 2884%
Compounded Profit Growth
10 Years: 43%
5 Years: 31%
3 Years: 0%
TTM: 2283%
Stock Price CAGR
10 Years: 39%
5 Years: 148%
3 Years: 67%
1 Year: -12%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 0%
Last Year: 1%

Balance Sheet

Figures in Rs. Crores

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 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 15.42
Reserves 0.80 0.80 0.74 -1.52 -1.53 -1.46 -1.66 -1.81 -1.44 -1.59 -1.90 48.96 51.73
0.86 0.26 0.10 0.10 0.10 0.10 0.00 0.38 0.13 0.10 0.06 10.37 0.05
-0.01 0.00 0.20 0.04 0.95 0.81 0.53 4.23 5.33 0.94 0.16 0.29 11.59
Total Liabilities 6.65 6.06 6.04 3.62 4.52 4.45 3.87 7.80 9.02 4.45 3.32 64.62 78.79
0.39 0.26 0.26 0.20 0.16 0.12 0.10 0.33 0.61 0.80 0.40 0.00 0.00
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 2.25 2.25 2.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.00 7.00
4.01 3.55 3.53 3.42 4.36 4.33 3.77 7.47 8.41 3.65 2.92 54.62 71.79
Total Assets 6.65 6.06 6.04 3.62 4.52 4.45 3.87 7.80 9.02 4.45 3.32 64.62 78.79

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.73 -0.45 0.04 0.14 -0.29 0.14 -0.48 0.17 1.07 0.02 -0.34 -45.33
-0.30 0.10 -0.08 0.00 0.48 0.00 0.01 -0.26 -0.35 -0.32 0.23 -9.60
2.02 -0.60 -0.16 0.00 -0.03 0.00 -0.10 0.25 -0.42 -0.03 0.01 61.03
Net Cash Flow 0.99 -0.95 -0.20 0.14 0.16 0.14 -0.57 0.16 0.30 -0.33 -0.09 6.09

Ratios

Figures in Rs. Crores

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 -5.65 1.56 22.87 15.76 33.73 28.59 50.12 94.33 101.10 12.09 267.97 334.83
Inventory Days 20.28 24.78 187.29 79.28 27.25 38.66 13.53 40.22 15.37 33.94 14.76 923.53
Days Payable 0.00 0.13 19.15 1.18 16.39 5.55 8.34 83.67 76.01 15.48 2.68 8.83
Cash Conversion Cycle 14.64 26.20 191.01 93.86 44.60 61.70 55.31 50.88 40.47 30.56 280.05 1,249.53
Working Capital Days 14.74 26.31 174.40 94.18 48.59 56.20 57.56 57.72 36.98 39.73 286.46 2,788.28
ROCE % 0.31% 0.47% -0.50% -0.21% 1.12% 1.94% -5.16% -3.18% 11.29% -3.06% -8.10% 1.57%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
16.38% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 26.70% 25.36% 25.36% 25.36%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.52% 0.00% 0.00% 0.00% 0.00%
0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.63% 0.28% 0.20% 0.20% 0.20%
82.99% 83.37% 83.37% 83.36% 83.37% 83.36% 83.37% 80.85% 73.02% 74.44% 74.43% 74.44%
No. of Shareholders 6,3687,7808,0367,9017,7667,5096,0035,3936,0526,1336,2588,864

* 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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