Palm Jewels Ltd

Palm Jewels Ltd

₹ 25.7 -0.31%
22 Nov - close price
About

Incorporated in 2005, Palm Jewels Ltd does trading of Gold & Silver Jewelry[1]

Key Points

Business Overview:[1]
Company is in the wholesale business
of gold jewelry. It sells gold-based chains,
bracelets, & necklaces and outsources
the manufacturing of its jewelry through job workers based in Ahmedabad and Mumbai.

  • Market Cap 25.8 Cr.
  • Current Price 25.7
  • High / Low 32.0 / 14.1
  • Stock P/E 41.7
  • Book Value 15.2
  • Dividend Yield 0.00 %
  • ROCE 3.91 %
  • ROE 3.10 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 61.0% of last 10 years
  • Company's working capital requirements have reduced from 48.6 days to 33.4 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -3.89%
  • Company has a low return on equity of 2.35% over last 3 years.

* 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

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
28.09 36.28 12.44 21.96 22.22 76.48 23.21 29.73 33.79 56.79 40.23 32.56 49.53
28.07 35.84 7.28 21.85 22.05 76.17 23.07 29.53 33.67 56.62 39.97 32.33 49.17
Operating Profit 0.02 0.44 5.16 0.11 0.17 0.31 0.14 0.20 0.12 0.17 0.26 0.23 0.36
OPM % 0.07% 1.21% 41.48% 0.50% 0.77% 0.41% 0.60% 0.67% 0.36% 0.30% 0.65% 0.71% 0.73%
0.01 0.01 0.16 0.05 -0.01 0.12 0.07 0.03 0.00 0.04 0.03 0.00 0.00
Interest 0.03 0.05 0.03 0.04 0.06 0.14 0.02 0.04 0.06 0.04 0.04 0.01 0.04
Depreciation 0.00 0.00 0.07 0.02 0.01 0.05 0.04 0.02 0.02 0.02 0.09 0.04 0.04
Profit before tax 0.00 0.40 5.22 0.10 0.09 0.24 0.15 0.17 0.04 0.15 0.16 0.18 0.28
Tax % 17.50% 1.34% 20.00% 22.22% 25.00% 13.33% 17.65% 25.00% 26.67% 18.75% 27.78% 17.86%
0.00 0.33 5.15 0.09 0.06 0.18 0.13 0.14 0.03 0.11 0.13 0.14 0.24
EPS in Rs 0.00 0.33 5.13 0.09 0.06 0.18 0.13 0.14 0.03 0.11 0.13 0.14 0.24
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
1 0 1 2 6 22 42 47 78 114 100 161 179
1 0 1 2 5 21 42 47 78 113 99 160 178
Operating Profit 0 0 0 0 0 0 0 0 0 1 0 1 1
OPM % 0% 0% 0% 1% 1% 1% 0% 0% 1% 0% 0% 0% 1%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 -0 0 0 0 0 0 0 0 0 0 1
Tax % 0% 0% 50% 33% 18% 25% 23% 28% 22% 0%
0 0 0 0 0 0 0 0 0 0 0 0 1
EPS in Rs 0.00 0.00 0.00 0.25 0.50 0.15 0.09 0.06 0.20 0.26 0.30 0.46 0.62
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 81%
5 Years: 31%
3 Years: 27%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 39%
3 Years: 32%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 14%
1 Year: 73%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 3%

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 0.32 0.32 0.32 0.32 0.32 4 7 10 10 10 10 10 10
Reserves 0 0 0 0 0 0 6 4 4 4 5 5 5
0 0 0 0 0 1 1 1 3 4 2 1 2
0 0 0 0 1 0 1 2 1 1 0 2 4
Total Liabilities 0 0 0 0 2 6 15 16 18 19 17 18 22
0 0 0 0 0 0 0 0 0 1 1 1 1
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 2 6 15 16 17 18 16 17 21
Total Assets 0 0 0 0 2 6 15 16 18 19 17 18 22

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 0 0 -9 0 -2 -1 3
0 -0 0 0 -0 -0 -0 -0
-0 0 0 9 0 2 1 -3
Net Cash Flow 0 0 0 -0 0 0 0 -0

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 86 226 71 16 8 54 5 2 1 1 2 1
Inventory Days 0 37 61 68 94 39 120 118 33
Days Payable 0 0 10 80 3 4 14 2
Cash Conversion Cycle 86 263 132 74 23 90 121 106 1 1 2 32
Working Capital Days 86 243 108 72 12 89 122 107 76 56 57 33
ROCE % 0% 0% -3% 3% 6% 5% 2% 1% 2% 3% 3% 4%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.14% 53.58% 53.58% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 47.25% 43.36%
43.86% 46.42% 46.42% 52.76% 52.76% 52.75% 52.76% 52.75% 52.75% 52.74% 52.75% 56.63%
No. of Shareholders 1,5172,4132,3494,2203,7103,5313,3943,3163,3003,1142,9904,408

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