Gitanjali Gems Ltd - Stock Valuation and Financial Performance

BSE: 532715 | NSE: GITANJALI | Diamond & Jewellery | Small Cap

BSE Share Price
Not Listed

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Gitanjali Gems stock performance -

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P/E Ratio (SA):
0.31
Market Cap:
12.6 Cr.
52-wk low:
1
52-wk high:
1.1

Is an attractive stock to invest in?

1. Is a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gitanjali Gems Ltd is a below average quality company.

2. Is undervalued or overvalued?

The key valuation ratios of Gitanjali Gems Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Gitanjali Gems:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gitanjali Gems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
ROCE % 7.4%6.2%7.7%9%10.5%9.9%5.9%7%6.1%5.9%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,6542,6943,3555,0677,75510,3817,3437,15810,75110,46512,523
Sales YoY Gr.-1.5%24.5%51%53.1%33.9%-29.3%-2.5%50.2%-2.7%-
Adj EPS 1616.313.821.324.727.35-1.80.4-4.83.4
YoY Gr.-1.7%-15.5%54.6%16.1%10.7%-81.8%-135.5%NA-1350%-
BVPS (₹) 209.6222.4241.6264.4277.8304.6305.6292.7324.9293.8297.3
Adj Net
Profit
13613811618122525246-17.43.9-56.341
Cash Flow from Ops. 196-38484.1317741504-2,032251688550-
Debt/CF from Ops. 5.3-3.3195.93.46.1-2.420.58.410.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.5%6.2%12.5%-2.7%
Adj EPS -187.4%-171.9%-198.4%-1350%
BVPS3.8%1.1%-1.3%-9.6%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
Return on
Equity %
10.47.45.88.49.49.41.6-0.60.1-1.61.2
Op. Profit
Mgn %
6.67.76.95.75.75.16.97.14.53.92.5
Net Profit
Mgn %
5.15.13.53.62.92.40.6-0.20-0.50.3
Debt to
Equity
0.60.70.80.811.11.81.81.71.60.1
Working Cap
Days
277346334265232218341381293363189
Cash Conv.
Cycle
1191631931481078820629622324936

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Gitanjali Gems Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 16.6
TTM Sales (₹ Cr.) 12,523 18,297
BVPS (₹.) 297.3 564.5
Reserves (₹ Cr.) 3,408 6,577
P/BV 0.00 0.00
PE 0.31 0.06
From the Market
52 Week Low / High (₹) 1.00 / 1.14
All Time Low / High (₹) 0.93 / 649.50
Market Cap (₹ Cr.) 12.6
Equity (₹ Cr.) 118.6
Face Value (₹) 10
Industry PE 83.4

Management X-Ray of Gitanjali Gems:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *84.5582.6381.5681.4481.1679.2679.1379.1379.1378.56
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Gitanjali Gems

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Sales2,654.332,693.853,354.975,067.097,755.4710,380.677,343.037,157.9310,750.7210,464.77
Operating Expenses 2,478.922,503.023,1254,779.547,3149,852.076,931.876,650.0210,271.7010,053.57
Manufacturing Costs1.571.941.76139.86164.09164.41104.5866.2281.45136.38
Material Costs2,426.262,430.013,064.194,562.256,989.319,454.436,582.846,418.9110,078.399,821.22
Employee Cost 10.8214.8214.4924.8026.0322.8919.4023.7534.6537.60
Other Costs 40.2756.2644.5652.63134.57210.33225.04141.1477.2258.37
Operating Profit 175.41190.82229.98287.56441.47528.60411.17507.91479.02411.19
Operating Profit Margin (%) 6.6%7.1%6.9%5.7%5.7%5.1%5.6%7.1%4.5%3.9%
Other Income 3.390.2237.5063.2534.5319.120.0551.9064.87146.50
Interest 26.7155.98114.17118.73223.52278.15429.03536.68484.15502.01
Depreciation 3.434.343.943.363.474.884.764.5919.8816.53
Exceptional Items 0000.249.720.10-1.37000
Profit Before Tax 148.68130.72149.36228.97258.74264.79-23.9518.5439.8639.16
Tax 10.523.957.274.360.40-0.37-1.29-0.32-4.99-0.56
Profit After Tax 138.16126.77142.09224.60258.34265.16-22.6518.8644.8639.72
PAT Margin (%) 5.2%4.7%4.2%4.4%3.3%2.6%-0.3%0.3%0.4%0.4%
Adjusted EPS (₹)16.214.916.926.528.428.8-2.51.94.43.4
Dividend Payout Ratio (%)11%12%12%11%11%10%0%0%11%24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17

Equity and Liabilities

Shareholders Fund 1,782.761,891.622,048.282,256.532,531.742,804.142,813.802,871.663,328.323,485.30
Share Capital 85.0685.0684.2784.8791.1292.0792.0798.12102.44118.62
Reserves 1,697.701,806.561,964.012,171.662,440.622,712.072,721.732,773.543,225.883,366.68
Minority Interest0000000000
Debt1,043.331,275.811,601.431,565.582,500.503,008.784,852.315,034.505,586.125,271.37
Long Term Debt1,043.331,275.811,601.43126.59629.96626.23637.18677.07578.11277.40
Short Term Debt0001,438.991,870.542,382.554,215.134,357.445,008.014,993.97
Trade Payables841.55742.65571.381,1691,958.272,666.22663.731,357.031,548.653,859.41
Others Liabilities 92.61121.02102.52429.97166.26409.85262.56168.80278.67353.35
Total Liabilities 3,760.254,031.104,323.625,421.077,156.778,888.988,592.409,43210,741.7612,969.43

Fixed Assets

Gross Block62.9561.4674.217557.3763.2966.2851.18291.70293.44
Accumulated Depreciation17.2821.0924.2726.8828.2831.2435.8324.6718.8135.17
Net Fixed Assets45.6740.3749.9448.1229.0832.0530.4526.52272.89258.28
CWIP 0.799.549.959.939.087.040.060.3900
Investments 595.44838.52898.52966.391,022.551,605.171,414.801,414.661,023.471,013.61
Inventories510.60758.11789.241,105.391,355.471,489.591,016.752,025.851,835.662,530.55
Trade Receivables1,252.441,589.971,820.022,239.653,077.144,064.445,245.865,423.806,910.158,567.02
Cash Equivalents 909.51238.63134.62260.71390.57550.77130.4970.11134.29175.48
Others Assets445.81555.97621.34790.891,272.871,139.93754470.67565.30424.50
Total Assets 3,760.254,031.104,323.625,421.077,156.778,888.988,592.409,43210,741.7612,969.43

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Cash Flow From Operating Activity 195.56-384.0884.11317.17741.17503.80-2,031.74251.29687.60549.57
PBT 148.68130.72149.36228.97258.74264.79-23.9518.5439.8639.16
Adjustment 21.3717.4664.4477.12182.58160.45273.93557.84504.61484.96
Changes in Working Capital 38.86-522.52-124.2416.7332.24127.28-2277.12-323.47159.6651.03
Tax Paid -13.35-9.74-5.45-5.62-32.39-48.73-4.61-1.61-16.53-25.58
Cash Flow From Investing Activity -468.54-250.56-61.49-68.88-29.86-588.64192.82-1.5124.0810.49
Capex -19.66-7.79-1.50-1.2727.97-6.023.82-1.72-1.55-2
Net Investments -448.35-242.81-60.01-67.74-57.99-582.621890.1325.5512.41
Others -0.530.030.020.130.16000.080.080.08
Cash Flow From Financing Activity 674.71-62.99-125.12-122.19-581.49245.051,418.64-310.17-681.48-534.95
Net Proceeds from Shares 696.370-9.1900300000
Net Proceeds from Borrowing 0000000000
Interest Paid -35.94-45-97.10-104.07-261.50-250.26-401.68-487.73-461.38-469.80
Dividend Paid -10.63-17.91-17.89-19.65-29.81-32.10000-5.93
Others 24.90-0.08-0.941.53-290.19497.411,820.32177.56-220.10-59.22
Net Cash Flow 401.72-697.64-102.50126.10129.81160.20-420.28-60.3830.1925.11
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Ratios
ROE (%)10.876.97.2410.4910.829.94-0.810.661.451.17
ROCE (%)7.396.177.718.9610.479.895.937.026.095.94
Asset Turnover Ratio0.850.690.81.041.231.290.840.791.070.88
PAT to CFO Conversion(x)1.42-3.030.591.412.871.9N/A13.3215.3313.84
Working Capital Days
Receivable Days156193185146125126231272209270
Inventory Days61868468585062786676
Payable Days10511978708289925753100

Gitanjali Gems Ltd Stock News

Gitanjali Gems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gitanjali Gems on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Gitanjali Gems stood at ₹12.57.
The latest P/E ratio of Gitanjali Gems as of 01-Jan-1970 05:30 is 0.31.
The latest P/B ratio of Gitanjali Gems as of 01-Jan-1970 05:30 is 0.00.
The 52-week high of Gitanjali Gems is ₹1.14 and the 52-week low is ₹1.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gitanjali Gems is ₹12,523 ( Cr.) .

About Gitanjali Gems Ltd

Gitanjali Gems, incorporated in 1986, is one of leading players in jewellery segment. Founded in 1966, it was the first group company to engage in cutting and polishing of diamonds in Surat, Gujarat. Today this $900 million multinational group is one of largest manufacturer, retailers and exporters of diamonds.

In the year 1990 company commissioned Gitanjali Creations -- a 100% export-oriented unit located at Borivli, Mumbai.

The xompany became first to produce the world’s smallest heart shaped diamond (0.03 carat) and developing some 25 patented facet patterns.

Gitanjali Group's has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, polishing and setting. The company was first to offer diamond studded jewellery at reasonable prices.

The company uses latest CAD and CAM processes and equipment for creating designs for jewellery.

The company is bestowed with more than 50 awards from the ministry of commerce as an acknowledgement of its export performance under diamond and jewellery. Gitanjali Gems has presence in like namely USA, UK, Belgium, Italy and the Middle East to Thailand, South East Asia China, and Japan.

Currently, it has brands that includes loose diamonds, diamond and other stone-studded jewellery (natural and synthetic), in gold, silver, steel and combinations, s high-end watches, jewellery-watches, luxury artefacts and accessories.

The company market its products through store chain namely Bezel, Giantti, World of Solitaire and Gitanjali Lifestyle.

Under jewellery, the company has a portfolio of brands namely Nakshatra, Lucera, D’Damas, Calgaro, Sangini, Rivaaz, Desire, Kashvi, Asmi, Maya, Diya, Ezee Diamonds and Stephan Hafner. Under watches, it retails brands like Philip, Sector, Marvin, Umbro, Miss Sixty, Roberto Cavalli, Iris, Morelaato and Just Cavalli.

Under Home accessories, the company retails brand -- Greggio Argento. Gitanjali Gems

In 2011 Gitanjali Gems incorporated GGL Diamond, LLC in United States of America, through its wholly owned subsidiary Gitanjali USA, Inc. The main object of GGL Diamond LLC is to source and distribute diamond and jewellery.

In 2012 Aston Luxury Group Limited, a wholly owned subsidiary of the Company has acquired entire stake in Leading Jewels of Japan K K with a view to expand its business in Japan and adjoining region. The main activity of Leading Jewels of Japan K K is Production, sales, purchase, import and export of diamonds, precious stones, jewels and jewellery. Gitanjali Gems Ltd through its Hong Kong based wholly owned subsidiary 'Aston Luxury Group Limited', has Incorporated 'Leading Singapore Jewels Pte. Ltd.', with a view to expand it's business in Singapore and Far Eastern regions. The main activity of the Leading Singapore Jewels Pte. Ltd. is retailing and distribution of jewellery."

Businesses

Diamonds-Under this, the company is engaged in every part of diamond processing. For its diamond export the company has received various awards from international organisation as well as from Government of India.

Jewellery- The company offers a wide range of jewellery under gold, diamond and platinum segment. Company’s designs include Indian traditional, ethnic, classic, contemporary and casual.

Retailing- The company is also engaged in retailing its diamonds and jewellery. Currently the company markets over 40 brands that are owned and franchised under its retail chain Gitanjali Lifestyle.

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