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BSE: 543848 | NSE: | Diamond & Jewellery | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dev Labtech Venture Ltd is a below average quality company.
The key valuation ratios of Dev Labtech Venture Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dev Labtech Venture Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.6% | 6.8% | 22.5% | 13% | 8.3% | - |
| Value Creation Index ⓘ | -0.5 | -0.5 | 0.6 | -0.1 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 11.8 | 12.2 | 27 | 30.3 | 43.2 | 43 |
| Sales YoY Gr. | - | 3.8% | 120.4% | 12.5% | 42.5% | - |
| Adj EPS ⓘ | 0 | 0 | 1.1 | 1.1 | 1.6 | 1.3 |
| YoY Gr. | - | NA | 2550% | 3.8% | 47.3% | - |
| BVPS (₹) ⓘ | 3.7 | 3.8 | 5.2 | 22.8 | 24.4 | 32 |
| Adj Net Profit ⓘ | 0 | 0 | 0.4 | 0.9 | 1.3 | 1 |
| Cash Flow from Ops. ⓘ | 0.3 | -0.1 | 0.2 | -5.7 | -9.3 | - |
| Debt/CF from Ops. ⓘ | 5.2 | -22.6 | 6.9 | -0.2 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 52.3% | 42.5% | ||||
| Adj EPS ⓘ | NA | NA | 243.4% | 47.3% | ||||
| BVPSⓘ | NA | NA | 86.3% | 7% | ||||
| Share Price | - | - | - | -4.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0 | 1 | 23.6 | 8.7 | 6 | 4.6 |
| Op. Profit Mgn % ⓘ | 3.2 | 2.3 | 2.6 | 6.3 | 6.7 | NAN |
| Net Profit Mgn % ⓘ | 0 | 0.1 | 1.5 | 3 | 3.1 | 3.1 |
| Debt to Equity ⓘ | 1.1 | 1.2 | 0.6 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 182 | 97 | 132 | 157 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 61 | 28 | 76 | 134 | 0 |
Sales growth is growing at healthy rate in last 3 years 52.28%
Net Profit is growing at healthy rate in last 3 years 243.41%
Return on Equity has declined versus last 3 years average to 4.60%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.3 | - |
| TTM Sales (₹ Cr.) | 43.2 | - |
| BVPS (₹.) ⓘ | 32 | - |
| Reserves (₹ Cr.) ⓘ | 23 | - |
| P/BV ⓘ | 2.78 | - |
| PE ⓘ | 68.55 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 67.75 / 136.89 |
| All Time Low / High (₹) | 47.70 / 136.89 |
| Market Cap (₹ Cr.) | 92 |
| Equity (₹ Cr.) | 10.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 84.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 11.79 | 12.24 | 26.98 | 30.34 | 43.22 |
| Operating Expenses ⓘ | 11.41 | 11.96 | 26.27 | 28.43 | 40.35 |
| Manufacturing Costs | 3.54 | 2.31 | 1.60 | 3.64 | 3.61 |
| Material Costs | 6.65 | 8.52 | 23.30 | 22.80 | 34.68 |
| Employee Cost | 1.07 | 1.02 | 1.19 | 1.32 | 1.58 |
| Other Costs ⓘ | 0.16 | 0.11 | 0.18 | 0.68 | 0.48 |
| Operating Profit ⓘ | 0.38 | 0.28 | 0.70 | 1.91 | 2.87 |
| Operating Profit Margin (%) | 3.2% | 2.3% | 2.6% | 6.3% | 6.6% |
| Other Income ⓘ | 0 | 0.04 | 0 | 0 | 0.01 |
| Interest ⓘ | 0.18 | 0.16 | 0.14 | 0.10 | 0.12 |
| Depreciation ⓘ | 0.15 | 0.11 | 0.09 | 0.55 | 0.93 |
| Exceptional Items ⓘ | 0 | 0 | 0.11 | 0.16 | 0 |
| Profit Before Tax ⓘ | 0.05 | 0.05 | 0.59 | 1.41 | 1.83 |
| Tax ⓘ | 0.05 | 0.02 | 0.10 | 0.39 | 0.49 |
| Profit After Tax | 0 | 0.04 | 0.49 | 1.02 | 1.34 |
| PAT Margin (%) | 0.0% | 0.3% | 1.8% | 3.4% | 3.1% |
| Adjusted EPS (₹) | 0.0 | 0.1 | 1.3 | 1.2 | 1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1.45 | 1.48 | 2.03 | 18.88 | 20.21 | |||||
| Share Capital ⓘ | 0.21 | 0.21 | 1.26 | 8.27 | 8.27 | |||||
| Reserves ⓘ | 1.24 | 1.28 | 0.77 | 10.61 | 11.94 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 1.54 | 1.72 | 1.14 | 1.08 | 1.07 | |||||
| Long Term Debt | 1.17 | 1.38 | 1.14 | 1.08 | 1.07 | |||||
| Short Term Debt | 0.37 | 0.33 | 0 | 0 | 0 | |||||
| Trade Payables | 3.51 | 3.74 | 5.48 | 2.12 | 0.51 | |||||
| Others Liabilities ⓘ | 0.37 | -0.04 | 0.05 | 1.55 | 6.88 | |||||
| Total Liabilities ⓘ | 6.87 | 6.90 | 8.69 | 23.63 | 28.67 | |||||
Fixed Assets | ||||||||||
| Gross Block | 1.59 | 1.60 | 1.35 | 5.46 | 7.25 | |||||
| Accumulated Depreciation | 0.78 | 0.89 | 0.97 | 1.31 | 2.24 | |||||
| Net Fixed Assetsⓘ | 0.81 | 0.71 | 0.37 | 4.15 | 5.01 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 3.48 | 2.88 | 3.08 | 7.67 | 19.78 | |||||
| Trade Receivables | 2.27 | 2.99 | 4.08 | 4.70 | 1.91 | |||||
| Cash Equivalents | 0.04 | 0.03 | 0.07 | 5.81 | 0.17 | |||||
| Others Assetsⓘ | 0.27 | 0.29 | 1.10 | 1.30 | 1.79 | |||||
| Total Assets ⓘ | 6.87 | 6.90 | 8.69 | 23.63 | 28.67 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.30 | -0.08 | 0.18 | -5.72 | -9.28 |
| PBT ⓘ | 0.05 | 0.05 | 0.59 | 1.41 | 1.83 |
| Adjustment ⓘ | 0.34 | 0.27 | 0.10 | 0.50 | 1.02 |
| Changes in Working Capital ⓘ | -0.09 | -0.4 | -0.51 | -7.4 | -11.76 |
| Tax Paid ⓘ | 0 | -0.01 | -0.01 | -0.23 | -0.37 |
| Cash Flow From Investing Activity ⓘ | -0.02 | -0.01 | 0.36 | -4.17 | -1.78 |
| Capex | -0.02 | -0.01 | 0.36 | -4.17 | -1.79 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0.01 |
| Cash Flow From Financing Activityⓘ | -0.26 | 0.08 | -0.50 | 15.63 | 5.43 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 15.83 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0.21 | -0.04 | -0.07 | 0 |
| Interest Paid ⓘ | -0.16 | -0.16 | -0.13 | -0.10 | -0.11 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.10 | 0.02 | -0.33 | -0.03 | 5.54 |
| Net Cash Flow ⓘ | 0.02 | -0.01 | 0.04 | 5.74 | -5.63 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.03 | 2.49 | 28.15 | 9.75 | 6.86 | |||||
| ROCE (%) | 7.61 | 6.84 | 22.52 | 13.02 | 8.31 | |||||
| Asset Turnover Ratio | 1.72 | 1.78 | 3.46 | 1.88 | 1.65 | |||||
| PAT to CFO Conversion(x) | N/A | -2 | 0.37 | -5.61 | -6.93 | Working Capital Days | ||||
| Receivable Days | 70 | 78 | 48 | 53 | 28 | |||||
| Inventory Days | 108 | 95 | 40 | 65 | 116 | |||||
| Payable Days | 193 | 155 | 72 | 61 | 14 | |||||
The company was originally incorporated on April 29, 1993 as ‘Gandhinagar Plastronics Private Limited’ under the provisions of the Companies Act, 1956 with the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The Name of the company changed from ‘Gandhinagar Plastronics Private Limited’ to 'Jay Gems (India) Private Limited' and fresh certificate of incorporation dated February 05, 2010 was issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further the name of the company was changed from ‘Jay Gems (India) Private Limited’ to ‘Dev Labtech Venture Private Limited’ and fresh certificate of incorporation dated June 22, 2022 was issued by Registrar of Companies, Ahmedabad. Subsequently the company was converted into Public Limited Company and name of company was changed from ‘Dev Labtech Venture Private Limited’ to ‘Dev Labtech Venture Limited’ vide fresh certificate of incorporation dated September 23, 2022 issued by the Registrar of Companies, Ahmedabad.
The company is in business of manufacturing, marketing and sourcing of diamonds - natural and lab grown having wide application in Jewellery. It is equipped with all facilities to execute all types of manufacturing activities from rough natural stone to finished polished diamonds and from Seed to finished lab grown diamonds with various sizes, shapes, clarity and colours. The company establishes a long-term relationship with its customers by providing good quality product, which will go a long way and benefit the company. The company is backed by a team of creative for creating innovative designs. The company’s team has been a major strength as it understands the varied needs of the customers and works accordingly.
The company has started manufacturing of lab grown diamonds before that it was engaged in processing of natural diamonds only. it has developed the skill and expertise with application of computer software and laser technology for mapping, designing, cutting, polishing with innovation & optimum output with less wastage in rough to natural polish diamonds. Further, it has also developed the In-house technical & Design team to make Laboratory grown diamonds. This technology and process has immense advantage to the company to produce the Lab grown diamonds with more purity & clarity and required sizes and shapes with much cheaper than natural diamonds. With the background and experience in natural diamonds it has developed in-house team with manufacturing facilities new and innovative lab grown diamonds. The technology known as - Microwave Plasma Chemical Vapour Disposition (MPCVD) to make lab grown Diamonds from Diamond Seed. This technology well tested and used in large scale in China. MPCVD is a pure and fast diamond deposition process, hence best suited for commercial uses.
The company has developed the regular clients for supply of diamonds through its own sales team in Bhavnagar, Surat, Mumbai, and for exports. it has established own distribution and marketing network through e-mails, telephone, attending exhibitions, and connecting through social media platform. With its network, company has developed the reputation and goodwill for timely supply of material to their reputed customers. Its diversified product portfolio enables it to cater to a wide range of preferences and consumer segments. Its products are primarily targeted to customers engaged in natural and lab grown diamonds jewellery manufacturers. Its diversified product portfolio is therefore, relatively less susceptible to shifts in consumer preferences, market trends and risks of operating in a particular product segment.
Business area of the company
The company is in business of manufacturing, marketing and sourcing of diamonds - natural and lab grown having wide application in Jewellery.
Products of the company
History and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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