Orosil Smiths India Ltd

Orosil Smiths India Ltd

₹ 4.14 0.73%
23 Dec - close price
About

Incorporated in 1994, Orosil Smiths India Ltd manufactures and sells silver jewelry, gold jewelry, plain jewelry and trading of Silver Articles.

Key Points

Business Overview:[1]
Company has two jewelry brands, Sincere & Kuhjohl. Sincere deals in 14k gold jewelry made with Swarovski Zirconia (Signity) and 18k gold jewelry studded with diamonds and gemstones for its customers. Kuhjohl's jewellery collection is crafted in sterling silver with Swarovski elements which is a fusion of both tradition and modern designs. Company registered its hallmark named as “ORO” under the BIS and is now eligible to sell under the same hallmark.
Company gets intellectual support from a premier institution Jewelry Design & Technology Institute (JDTI) which is in turn supported by World Gold Council and promoted by the Indo-German export promotion project.

  • Market Cap 17.1 Cr.
  • Current Price 4.14
  • High / Low 6.19 / 3.20
  • Stock P/E
  • Book Value 0.33
  • Dividend Yield 0.00 %
  • ROCE -20.2 %
  • ROE -57.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Promoter holding has increased by 2.85% over last quarter.

Cons

  • Stock is trading at 12.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -20.7% over past five years.
  • Company has a low return on equity of -29.9% over last 3 years.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -21.4%

* 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

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
0.10 0.50 0.20 0.25 0.14 0.21 0.14 0.11 0.07 0.20 0.13 0.05 0.06
0.21 0.49 0.27 0.33 0.25 0.29 0.13 0.19 0.22 0.25 0.17 0.07 0.20
Operating Profit -0.11 0.01 -0.07 -0.08 -0.11 -0.08 0.01 -0.08 -0.15 -0.05 -0.04 -0.02 -0.14
OPM % -110.00% 2.00% -35.00% -32.00% -78.57% -38.10% 7.14% -72.73% -214.29% -25.00% -30.77% -40.00% -233.33%
0.08 0.03 0.01 0.01 0.00 0.00 0.07 0.01 0.02 0.01 0.01 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.08 -0.07
Depreciation 0.04 0.03 0.03 0.03 0.03 0.03 0.07 0.04 0.04 0.04 0.04 0.03 0.03
Profit before tax -0.07 0.01 -0.09 -0.10 -0.14 -0.11 0.00 -0.11 -0.17 -0.08 -0.07 -0.13 -0.10
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.07 0.01 -0.10 -0.10 -0.14 -0.11 0.00 -0.10 -0.16 -0.07 -0.07 -0.14 -0.10
EPS in Rs -0.02 0.00 -0.02 -0.02 -0.03 -0.03 0.00 -0.02 -0.04 -0.02 -0.02 -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
2.77 4.42 3.64 3.19 1.77 3.76 1.59 1.68 0.50 0.94 0.74 0.50 0.44
3.52 4.30 3.44 3.13 1.82 3.59 1.81 1.79 0.73 1.10 0.97 0.78 0.69
Operating Profit -0.75 0.12 0.20 0.06 -0.05 0.17 -0.22 -0.11 -0.23 -0.16 -0.23 -0.28 -0.25
OPM % -27.08% 2.71% 5.49% 1.88% -2.82% 4.52% -13.84% -6.55% -46.00% -17.02% -31.08% -56.00% -56.82%
0.21 0.59 0.07 0.03 0.03 0.01 -0.10 0.01 -0.05 0.09 0.03 0.04 0.02
Interest 0.23 0.24 0.07 0.04 0.03 0.01 0.01 0.00 0.00 0.00 0.01 0.02 0.01
Depreciation 0.38 0.36 0.47 0.30 0.23 0.20 0.17 0.16 0.12 0.13 0.13 0.15 0.14
Profit before tax -1.15 0.11 -0.27 -0.25 -0.28 -0.03 -0.50 -0.26 -0.40 -0.20 -0.34 -0.41 -0.38
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-1.14 0.11 -0.28 -0.25 -0.28 -0.03 -0.49 -0.26 -0.40 -0.19 -0.35 -0.41 -0.38
EPS in Rs -0.28 0.03 -0.07 -0.06 -0.07 -0.01 -0.12 -0.06 -0.10 -0.05 -0.08 -0.10 -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% 0.00%
Compounded Sales Growth
10 Years: -20%
5 Years: -21%
3 Years: 0%
TTM: -17%
Compounded Profit Growth
10 Years: -3%
5 Years: -2%
3 Years: -7%
TTM: -3%
Stock Price CAGR
10 Years: 7%
5 Years: 4%
3 Years: -2%
1 Year: -4%
Return on Equity
10 Years: -13%
5 Years: -23%
3 Years: -30%
Last Year: -57%

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 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 5.22
Reserves -1.78 0.51 -0.86 -1.11 -1.47 -1.50 -2.02 -2.30 -2.65 -2.86 -3.19 -3.60 -3.84
2.74 0.51 1.51 1.41 1.31 1.19 1.13 1.09 1.14 1.09 1.27 1.21 0.08
0.54 0.31 0.09 0.10 0.32 0.05 0.16 0.08 0.04 0.26 0.66 0.69 0.91
Total Liabilities 5.63 5.46 4.87 4.53 4.29 3.87 3.40 3.00 2.66 2.62 2.87 2.43 2.37
2.60 2.92 2.34 2.04 1.82 1.62 1.45 1.34 1.22 1.11 1.21 1.06 0.99
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 0.77 0.61 0.43 0.38 0.27 0.27 0.26 0.21 0.22 0.22 0.22 0.22 0.22
2.26 1.93 2.10 2.11 2.20 1.98 1.69 1.45 1.22 1.29 1.44 1.15 1.16
Total Assets 5.63 5.46 4.87 4.53 4.29 3.87 3.40 3.00 2.66 2.62 2.87 2.43 2.37

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
-0.62 0.44 -0.07 0.12 0.01 0.13 0.08 0.07 0.03 0.00 0.01 -0.06
-0.09 -0.07 0.35 0.00 0.03 0.00 0.00 0.00 -0.05 0.06 -0.01 0.02
0.62 -0.38 -0.16 -0.14 -0.14 -0.13 -0.06 -0.04 0.00 0.00 -0.03 0.00
Net Cash Flow -0.09 -0.01 0.11 -0.01 -0.10 0.00 0.03 0.02 -0.02 0.06 -0.02 -0.04

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 40.85 15.69 4.01 6.87 14.44 16.50 13.77 6.52 0.00 0.00 0.00 0.00
Inventory Days 293.66 155.44 191.36 201.61 455.00 169.09 359.75 331.56 1,296.38 486.67 737.45 1,162.59
Days Payable 8.30 0.00 2.36 2.64 65.00 1.17 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle 326.21 171.13 193.01 205.84 404.44 184.43 373.52 338.08 1,296.38 486.67 737.45 1,162.59
Working Capital Days 216.10 130.48 187.51 215.11 381.50 186.38 339.75 291.13 824.90 365.00 335.41 299.30
ROCE % -17.57% -1.95% -4.43% -4.34% -5.95% -0.51% -10.76% -8.44% -12.64% -7.63% -14.88% -20.25%

Shareholding Pattern

Numbers in percentages

30 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.98% 74.98% 50.50% 74.98% 74.98% 74.98% 50.50% 50.50% 50.50% 50.49% 50.70% 53.55%
25.02% 25.02% 49.51% 25.02% 25.02% 25.02% 49.52% 49.51% 49.51% 49.51% 49.31% 46.45%
No. of Shareholders 1,35810,37110,41611,56411,18910,86710,4169,8599,54810,24310,0459,933

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