R O Jewels Ltd

R O Jewels Ltd

₹ 2.51 0.80%
24 Apr - close price
About

Incorporated in 2018, RO Jewels Ltd is in the business of procurement and sale of jewelry

Key Points

Business Overview:[1]
Company does wholesale of gold and Silver chains brand named Ravi Ornaments and offers variety of traditional, Indo-western, & modern chain and jewellery. Company procures gold & silver, that are hallmarked from BIS, majorly through bullion market and partially from local markets in Ahmedabad and purchase only readymade Chains and other jewelries from the jewelry manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through company's showroom situated at Manek Chowk, Ahmedabad and by its marketing and sales team directly to other jewelry stores only through B2B marketing or Direct/Outbound marketing strategy

Product Profile:[2]
a) Chains
b) Bracelets
c) Vertical Mala
d) Mangalsutra
e) Bangles
f) Set

  • Market Cap 12.7 Cr.
  • Current Price 2.51
  • High / Low 5.64 / 2.00
  • Stock P/E
  • Book Value 2.60
  • Dividend Yield 0.00 %
  • ROCE -0.48 %
  • ROE -1.99 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.96 times its book value
  • Company's working capital requirements have reduced from 32.3 days to 17.1 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.47%
  • Promoter holding is low: 2.39%
  • Company has a low return on equity of 4.49% over last 3 years.
  • Company might be capitalizing the interest cost

* 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 2022 Jun 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
33.99 16.56 15.81 490.72 272.84 19.87 308.60 57.71 6.38 0.00 0.24
33.86 16.26 15.70 488.78 271.30 19.52 307.28 59.04 6.28 0.05 0.23
Operating Profit 0.13 0.30 0.11 1.94 1.54 0.35 1.32 -1.33 0.10 -0.05 0.01
OPM % 0.38% 1.81% 0.70% 0.40% 0.56% 1.76% 0.43% -2.30% 1.57% 4.17%
0.00 0.00 0.00 0.54 0.00 0.00 0.95 0.34 0.01 0.09 0.03
Interest 0.01 0.00 0.01 0.01 0.17 0.02 0.20 -0.16 0.01 0.00 0.00
Depreciation 0.01 0.02 0.00 0.06 0.02 0.01 0.05 0.16 0.05 -0.05 0.00
Profit before tax 0.11 0.28 0.10 2.41 1.35 0.32 2.02 -0.99 0.05 0.09 0.04
Tax % 27.27% 0.00% 0.00% 20.75% 18.52% 31.25% 22.28% -33.33% 20.00% 11.11% 25.00%
0.08 0.29 0.10 1.91 1.10 0.21 1.58 -0.65 0.04 0.08 0.03
EPS in Rs 0.02 0.06 0.02 0.38 0.22 0.04 0.31 -0.13 0.01 0.02 0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 4m Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4.24 125.36 43.72 49.79 506.52 366.31 64.33
4.22 125.45 43.63 49.56 504.47 366.19 65.60
Operating Profit 0.02 -0.09 0.09 0.23 2.05 0.12 -1.27
OPM % 0.47% -0.07% 0.21% 0.46% 0.40% 0.03% -1.97%
0.00 0.00 0.00 0.00 0.54 1.29 0.47
Interest 0.00 0.00 0.00 0.01 0.02 0.17 -0.15
Depreciation 0.01 0.01 0.01 0.01 0.06 0.20 0.16
Profit before tax 0.01 -0.10 0.08 0.21 2.51 1.04 -0.81
Tax % 0.00% 0.00% 0.00% 14.29% 19.92% 11.54%
0.01 -0.09 0.08 0.18 2.01 0.92 -0.50
EPS in Rs 0.01 -0.02 0.02 0.04 0.40 0.18 -0.09
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 144%
3 Years: 103%
TTM: -94%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -110%
Stock Price CAGR
10 Years: %
5 Years: 5%
3 Years: 28%
1 Year: -38%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 4%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.45 2.83 2.83 2.83 10.09 10.09 10.09
Reserves 1.33 7.00 7.08 7.26 2.01 2.93 3.05
0.00 0.61 0.62 0.69 1.87 6.59 7.59
0.01 2.22 0.58 0.61 1.54 1.18 0.75
Total Liabilities 1.79 12.66 11.11 11.39 15.51 20.79 21.48
0.11 0.10 0.09 0.08 0.55 0.53 0.53
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.65 1.06 1.74 1.73
1.68 12.56 11.02 10.66 13.90 18.52 19.22
Total Assets 1.79 12.66 11.11 11.39 15.51 20.79 21.48

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.87 -5.16 -1.05 -1.06 2.09 1.19
0.29 0.00 0.00 -0.65 -0.93 -0.87
0.50 8.15 0.00 -0.01 -0.02 -1.51
Net Cash Flow -0.08 2.99 -1.05 -1.72 1.14 -1.20

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0.00 13.86 2.34 9.02 1.10 3.47
Inventory Days 126.88 12.17 71.58 64.82 7.02 12.99
Days Payable 0.00 6.30 4.38 3.40 0.71 0.35
Cash Conversion Cycle 126.88 19.72 69.54 70.44 7.42 16.11
Working Capital Days 142.90 21.43 70.96 71.99 7.93 17.11
ROCE % -1.64% 0.76% 2.06% 16.08% -0.48%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
28.92% 20.30% 25.52% 25.28% 25.26% 23.70% 22.57% 22.57% 15.40% 4.33% 3.86% 2.39%
0.00% 0.00% 0.00% 1.50% 2.05% 2.05% 0.79% 0.00% 0.00% 0.00% 0.00% 0.00%
71.08% 79.70% 74.48% 73.23% 72.69% 74.25% 76.64% 77.44% 84.60% 95.67% 96.14% 97.61%
No. of Shareholders 73791,87210,32912,26513,47015,89019,12726,13626,48430,33531,312

* 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.

Click on the line-items to see the names of individual entities.

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