Starlineps Enterprises Ltd

Starlineps Enter Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Starlineps Enterprises Ltd

₹ 133 0.68%
24 Jul - close price
puregiftcarat.com BSE: 540492
About

Incorporated in 2011, Starlineps Enterprises
Ltd is in the business of Precious Metals, Stones & Jewellery Trading[1]

Key Points

Business Overview:[1][2]
SPSL is in the wholesale B2B model of trading and retailing of Diamonds and Jewellery in Surat. Its operation includes sourcing Diamonds and
Jewellery from primary and secondary source suppliers in the domestic market and sale to the wholesale as well as retail operations mainly in
Gujarat. Company sells all its products to various jewellery
manufacturers, wholesalers, large department store chains
and retail stores

Website BSE
  • Market Cap ₹ 576 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 159 / 83.3
  • Stock P/E 322
  • Book Value ₹ 6.08
  • Dividend Yield 0.00 %
  • ROCE 9.77 %
  • ROE 7.05 %
  • Face Value ₹ 5.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 270 days to 82.4 days

Cons

  • Stock is trading at 21.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 26.9%
  • Company has a low return on equity of 3.70% over last 3 years.
  • Promoters have pledged 47.3% of their holding.
  • Promoter holding has decreased over last 3 years: -29.0%

* 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

Figures in Rs. Crores

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
6.49 2.62 4.39 3.73 5.42 2.92 4.86 7.28 4.93 3.77 9.07 5.33 11.59
7.81 2.65 4.17 3.58 5.58 2.84 4.55 7.05 5.16 3.33 7.44 4.79 12.26
Operating Profit -1.32 -0.03 0.22 0.15 -0.16 0.08 0.31 0.23 -0.23 0.44 1.63 0.54 -0.67
OPM % -20.34% -1.15% 5.01% 4.02% -2.95% 2.74% 6.38% 3.16% -4.67% 11.67% 17.97% 10.13% -5.78%
0.02 0.00 0.00 0.00 0.26 0.00 0.00 0.00 0.46 0.00 0.00 0.07 0.48
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 0.01 0.00 0.01 0.00 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00
Profit before tax -1.31 -0.03 0.21 0.15 0.08 0.07 0.30 0.22 0.22 0.44 1.63 0.61 -0.19
Tax % -6.11% 0.00% 23.81% 13.33% 25.00% 28.57% 26.67% 27.27% 22.73% 27.27% 25.15% 24.59% 5.26%
-1.23 -0.03 0.16 0.12 0.05 0.06 0.22 0.16 0.17 0.31 1.22 0.46 -0.20
EPS in Rs -0.28 -0.01 0.04 0.03 0.01 0.01 0.05 0.04 0.04 0.07 0.28 0.11 -0.05
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
4.23 1.57 0.51 45.39 97.85 24.15 13.95 10.38 18.52 16.17 19.99 29.76
4.26 1.57 0.50 45.29 97.71 23.75 13.85 10.52 18.33 16.00 19.59 27.82
Operating Profit -0.03 0.00 0.01 0.10 0.14 0.40 0.10 -0.14 0.19 0.17 0.40 1.94
OPM % -0.71% 0.00% 1.96% 0.22% 0.14% 1.66% 0.72% -1.35% 1.03% 1.05% 2.00% 6.52%
0.00 0.00 0.00 0.00 0.00 -0.18 0.00 0.00 0.02 0.26 0.46 0.55
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.00
Depreciation 0.00 0.00 0.00 0.00 0.01 0.02 0.01 0.03 0.01 0.03 0.03 0.01
Profit before tax -0.03 0.00 0.01 0.10 0.13 0.20 0.09 -0.18 0.20 0.40 0.82 2.48
Tax % 0.00% -200.00% 20.00% 30.77% 40.00% 33.33% 0.00% 15.00% 22.50% 25.61% 27.82%
-0.03 -0.01 0.02 0.08 0.09 0.12 0.06 -0.17 0.16 0.31 0.61 1.79
EPS in Rs -3.00 -1.00 2.00 0.03 0.03 0.03 0.01 -0.04 0.04 0.07 0.14 0.41
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 27.02% 13.95% 0.00% 0.00%
Compounded Sales Growth
10 Years: 34%
5 Years: 16%
3 Years: 17%
TTM: 49%
Compounded Profit Growth
10 Years: 68%
5 Years: 97%
3 Years: 124%
TTM: 193%
Stock Price CAGR
10 Years: %
5 Years: 53%
3 Years: 47%
1 Year: 26%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 4%
Last Year: 7%

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
Equity Capital 0.06 0.06 0.06 15.89 15.89 21.62 21.62 21.62 21.62 21.62 21.62 21.62
Reserves -0.03 -0.04 -0.02 0.06 0.15 1.99 2.05 1.88 2.04 2.26 2.87 4.66
0.04 0.04 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.15 0.13 0.00 1.90 0.91 0.90 0.13 0.43 0.18 0.51 0.32 3.32
Total Liabilities 1.22 0.19 0.08 17.85 16.95 24.51 23.80 23.93 23.84 24.39 24.81 29.60
0.00 0.00 0.00 0.05 0.05 0.04 0.02 0.03 0.03 0.04 0.02 0.01
CWIP 0.00 0.00 0.00 5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.29 5.29
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.25
1.22 0.19 0.08 12.51 11.61 19.18 18.49 18.61 18.52 19.06 19.50 24.05
Total Assets 1.22 0.19 0.08 17.85 16.95 24.51 23.80 23.93 23.84 24.39 24.81 29.60

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
0.04 0.02 -0.02 -5.30 -5.15 -7.29 -0.01 0.03 0.07 0.10 2.20 12.26
0.00 0.00 0.00 -5.35 -0.01 -0.01 0.00 -0.03 -0.01 -0.05 0.00 -0.25
0.00 0.00 0.00 15.78 0.00 7.27 0.00 0.00 0.00 -0.09 0.00 0.00
Net Cash Flow 0.04 0.02 -0.02 5.14 -5.16 -0.02 -0.01 0.00 0.06 -0.03 2.20 12.01

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 93.19 0.00 0.00 31.04 8.80 181.82 268.97 433.92 354.95 216.70 10.96 0.00
Inventory Days 4.30 23.55 0.00 27.69 34.61 109.75 215.66 211.47 1.23 33.46 134.73 5.06
Days Payable 98.14 28.26 14.82 3.24 12.65 1.35 12.31 0.82 7.36 0.76 34.21
Cash Conversion Cycle -0.64 -4.71 0.00 43.91 40.17 278.92 483.28 633.08 355.36 242.80 144.93 -29.15
Working Capital Days 0.00 -4.65 7.16 43.26 39.65 275.53 479.08 638.22 359.68 417.14 309.13 82.42
ROCE % -35.29% 0.00% 14.29% 1.25% 0.81% 1.92% 0.38% -0.72% 0.85% 1.68% 3.43% 9.77%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
55.86% 55.86% 55.86% 55.86% 55.86% 55.86% 55.86% 55.86% 46.51% 26.89% 26.89% 26.89%
44.14% 44.14% 44.14% 44.14% 44.14% 44.14% 44.14% 44.15% 53.49% 73.11% 73.11% 73.11%
No. of Shareholders 2935391,1661,1901,2391,2081,1381,1771,2201,3591,7091,557

Documents

Announcements

Annual reports