Veerkrupa Jewellers Ltd
₹ 1.08
2.86%
11 Apr
11:30 a.m.
About
Incorporated in 2019, Veerkrupa Jewellers Ltd is in the business of trading jewelry based products
Key Points
- Market Cap ₹ 14.2 Cr.
- Current Price ₹ 1.08
- High / Low ₹ 2.49 / 0.86
- Stock P/E 56.6
- Book Value ₹ 1.02
- Dividend Yield 0.00 %
- ROCE 1.97 %
- ROE 1.84 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.03 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 26.8%
- Company has a low return on equity of 1.08% 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 1.62 | 10.95 | 4.63 | 12.26 | 18.80 | 13.85 | 12.66 | |
| 1.44 | 10.94 | 4.60 | 12.22 | 18.72 | 13.55 | 12.36 | |
| Operating Profit | 0.18 | 0.01 | 0.03 | 0.04 | 0.08 | 0.30 | 0.30 |
| OPM % | 11.11% | 0.09% | 0.65% | 0.33% | 0.43% | 2.17% | 2.37% |
| 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | |
| Interest | 0.12 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| Profit before tax | 0.09 | 0.00 | 0.02 | 0.01 | 0.05 | 0.28 | 0.30 |
| Tax % | 0.00% | 0.00% | 0.00% | 20.00% | 14.29% | ||
| 0.08 | 0.01 | 0.01 | 0.01 | 0.04 | 0.24 | 0.25 | |
| EPS in Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 54% |
| 3 Years: | 44% |
| TTM: | -46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 188% |
| TTM: | 108% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.61 | 1.87 | 1.87 | 4.86 | 7.86 | 13.11 |
| Reserves | 0.08 | 3.03 | 3.04 | 0.05 | 5.20 | 0.21 |
| 1.95 | 0.00 | 0.00 | 0.42 | 1.13 | 4.90 | |
| 0.71 | 0.31 | 5.44 | 4.84 | 0.83 | 3.47 | |
| Total Liabilities | 3.35 | 5.21 | 10.35 | 10.17 | 15.02 | 21.69 |
| 0.56 | 0.04 | 0.06 | 0.05 | 0.04 | 0.06 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.12 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 |
| 2.67 | 5.17 | 10.29 | 10.12 | 14.86 | 21.63 | |
| Total Assets | 3.35 | 5.21 | 10.35 | 10.17 | 15.02 | 21.69 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -0.49 | -4.34 | 0.04 | -0.33 | -8.78 | 0.01 | |
| 0.19 | -0.04 | 0.09 | -0.01 | -0.01 | 0.09 | |
| 0.29 | 4.89 | 0.00 | 0.42 | 8.81 | 0.79 | |
| Net Cash Flow | 0.00 | 0.51 | 0.13 | 0.08 | 0.01 | 0.89 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 42.00 | 222.31 | 9.82 | 5.05 | |
| Inventory Days | 635.27 | 112.15 | 583.84 | 286.87 | 287.96 | |
| Days Payable | 197.82 | 10.07 | 437.68 | 146.79 | 16.68 | |
| Cash Conversion Cycle | 437.44 | 144.08 | 368.47 | 149.90 | 276.33 | |
| Working Capital Days | 439.35 | 145.00 | 379.19 | 153.92 | 269.87 | |
| ROCE % | 0.00% | 0.41% | 0.39% | 0.72% |
Documents
Announcements
- Corporate Action-Outcome of Right issue 4 Apr
-
Announcement under Regulation 30 (LODR)-Raising of Funds
4 Apr - Approval of rights issue to raise Rs. 49 Crores.
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Fund Raising
4 Apr - Approval for rights issue to raise Rs. 49 Crores.
- Closure of Trading Window 1 Apr
-
Announcement under Regulation 30 (LODR)-Raising of Funds
1 Apr - Board meeting to consider raising funds through equity shares.
Business Overview:[1]
Company manufactures and trades different types of Gold and Silver jewelry products like chains, mangalsutra, gold/silver bars, necklace and bangles, gold based chains, bracelets, bangles, rings, earrings, ear chain, nose-rings, nose pins. Company purchases only readymade jewelries from jewelry manufacturers or independent jewelry wholesalers located in Ahmedabad and then sells them through its showroom and by its marketing and sales team directly to other jewelry stores. Company's products are sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy