Veerkrupa Jewellers Ltd

Veerkrupa Jewellers Ltd

₹ 1.55 4.73%
22 Nov - close price
About

Incorporated in 2019, Veerkrupa Jewellers Ltd is in the business of trading jewelry based products

Key Points

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

  • Market Cap 20.3 Cr.
  • Current Price 1.55
  • High / Low 2.49 / 1.20
  • Stock P/E 81.2
  • Book Value 1.02
  • Dividend Yield 0.00 %
  • ROCE 1.97 %
  • ROE 1.84 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -22.6%
  • 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.

Peer comparison

Sector: Trading Industry: Trading

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Half Yearly Results

Figures in Rs. Crores

Sep 2021 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
8.28 4.94 13.86 9.47 4.39 8.27
8.28 4.94 13.79 9.38 4.09 8.27
Operating Profit 0.00 0.00 0.07 0.09 0.30 0.00
OPM % 0.00% 0.00% 0.51% 0.95% 6.83% 0.00%
0.00 0.00 0.00 0.00 0.00 0.02
Interest 0.00 0.00 0.01 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.02 0.00
Profit before tax 0.00 0.00 0.06 0.09 0.28 0.02
Tax % 16.67% 22.22% 17.86% 50.00%
0.00 0.00 0.05 0.07 0.23 0.02
EPS in Rs 0.00 0.00 0.00 0.01 0.02 0.00
Raw PDF

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: -15%
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%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.44% 49.44% 49.44% 49.44% 49.42% 49.42% 49.42% 49.42% 26.77%
50.55% 50.55% 50.55% 50.56% 50.58% 50.60% 50.59% 50.59% 73.23%
No. of Shareholders 1881811784305691,1221,3461,4902,725

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