BSE: 544139 | NSE: | Diamond & Jewellery | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Koura Fine Diamond Jewelry Ltd is a below average quality company.
The key valuation ratios of Koura Fine Diamond Jewelry Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Koura Fine Diamond Jewelry 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'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 6.7% | 9.1% | - |
| Value Creation Index ⓘ | -0.5 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 5.6 | 37 | 37 |
| Sales YoY Gr. | - | 565.1% | - |
| Adj EPS ⓘ | 0.5 | 1 | 1 |
| YoY Gr. | - | 100% | - |
| BVPS (₹) ⓘ | 10.3 | 23.8 | 23.8 |
| Adj Net Profit ⓘ | 0.1 | 0.4 | 0 |
| Cash Flow from Ops. ⓘ | -2.7 | -1.3 | - |
| Debt/CF from Ops. ⓘ | -0.2 | -0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 565.1% | ||||
| Adj EPS ⓘ | NA | NA | NA | 100% | ||||
| BVPSⓘ | NA | NA | NA | 130.1% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 5 | 6.7 | 4.4 |
| Op. Profit Mgn % ⓘ | 4 | 1.4 | NAN |
| Net Profit Mgn % ⓘ | 2.4 | 1 | 1 |
| Debt to Equity ⓘ | 0.2 | 0 | - |
| Working Cap Days ⓘ | 0 | 39 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 34 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 4.40%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1 | - |
| TTM Sales (₹ Cr.) | 37 | - |
| BVPS (₹.) ⓘ | 23.8 | - |
| Reserves (₹ Cr.) ⓘ | 5 | - |
| P/BV ⓘ | 1.68 | - |
| PE ⓘ | 38.31 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 37.10 / 78.75 |
| All Time Low / High (₹) | 37.10 / 78.75 |
| Market Cap (₹ Cr.) | 14.4 |
| Equity (₹ Cr.) | 3.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 83.9 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 5.56 | 36.98 |
| Operating Expenses ⓘ | 5.34 | 36.45 |
| Manufacturing Costs | 0.10 | 0.19 |
| Material Costs | 5.05 | 35.35 |
| Employee Cost | 0.06 | 0.38 |
| Other Costs ⓘ | 0.12 | 0.52 |
| Operating Profit ⓘ | 0.22 | 0.53 |
| Operating Profit Margin (%) | 4.0% | 1.4% |
| Other Income ⓘ | 0.01 | 0.05 |
| Interest ⓘ | 0.03 | 0.05 |
| Depreciation ⓘ | 0.01 | 0.02 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 0.18 | 0.51 |
| Tax ⓘ | 0.05 | 0.13 |
| Profit After Tax | 0.13 | 0.38 |
| PAT Margin (%) | 2.4% | 1.0% |
| Adjusted EPS (₹) | 0.5 | 1.0 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2.69 | 8.57 | ||||||||
| Share Capital ⓘ | 0.47 | 3.60 | ||||||||
| Reserves ⓘ | 2.22 | 4.97 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 0.52 | 0.37 | ||||||||
| Long Term Debt | 0 | 0 | ||||||||
| Short Term Debt | 0.52 | 0.37 | ||||||||
| Trade Payables | 0.06 | 0.07 | ||||||||
| Others Liabilities ⓘ | 0.01 | 0.24 | ||||||||
| Total Liabilities ⓘ | 3.27 | 9.24 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 0.22 | 0.25 | ||||||||
| Accumulated Depreciation | 0.01 | 0.04 | ||||||||
| Net Fixed Assetsⓘ | 0.21 | 0.22 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 0 | 0 | ||||||||
| Inventories | 2.61 | 3.68 | ||||||||
| Trade Receivables | 0.21 | 0.53 | ||||||||
Cash Equivalents  ⓘ
| 0.10 | 4.05 | ||||||||
| Others Assetsⓘ | 0.15 | 0.77 | ||||||||
| Total Assets ⓘ | 3.27 | 9.24 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2.72 | -1.32 |
| PBT ⓘ | 0.18 | 0.51 |
| Adjustment ⓘ | 0.05 | 0.07 |
| Changes in Working Capital ⓘ | -2.9 | -1.77 |
| Tax Paid ⓘ | -0.05 | -0.12 |
| Cash Flow From Investing Activity ⓘ | -0.22 | -0.04 |
| Capex | -0.22 | -0.04 |
| Net Investments | 0 | 0 |
| Others ⓘ | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 3.04 | 5.30 |
| Net Proceeds from Shares ⓘ | 2.56 | 5.50 |
| Net Proceeds from Borrowing ⓘ | 0.52 | -0.15 |
| Interest Paid ⓘ | -0.03 | -0.05 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 0 | 0 |
| Net Cash Flow ⓘ | 0.10 | 3.95 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.98 | 6.68 | ||||||||
| ROCE (%) | 6.72 | 9.11 | ||||||||
| Asset Turnover Ratio | 1.7 | 5.91 | ||||||||
| PAT to CFO Conversion(x) | -20.92 | -3.47 | Working Capital Days | |||||||
| Receivable Days | 14 | 4 | ||||||||
| Inventory Days | 171 | 31 | ||||||||
| Payable Days | 4 | 1 | ||||||||
Koura Fine Diamond Jewelry Limited was originally incorporated as ‘KOURA FINE DIAMOND JEWELRY LIMITED’ a public limited company under the Companies Act, 2013 at Gujarat, pursuant to a certificate of incorporation dated March 25, 2022, issued by the Registrar of Companies, Gujarat (RoC). Subsequently, the company acquired the business of Proprietorship Concern of its Promoter Mr. Kamlesh Keshavlal Lodhiya viz. M/s. Aurum Jewels through Business Succession Agreement dated March 13, 2023. Consequently, Business of this proprietorship firm was merged into Koura Fine Diamond Jewelry Limited.
Koura Fine Diamond Jewelry is engaged into the wholesale business of gold and diamonds jewelleries. Its Promoter has a history spanning many decades in the Indian Jewellery Industry. The company sells wide range of jewellery products, including gold jewellery and diamond jewellery. Its business model is B2B. It deals in two types of jewellery; one is in 22 Karat Gold jewellery and another one is in 18 Karat Diamond jewellery. It is a well-known and trusted jewellery wholesaler.
Since the system of hallmarking is legally introduced, the company deals only in jewellery certified by Hallmark; for gold jewellery it gets it certified from the Bureau of Indian Standards (BIS) and 91.6% certifications for 22 Karat and International Gemmological Institute, India, and (BIS) 75% certifications for 18 Karat diamond jewellery. Further, in 2018 the company ventured into 750 certified and BIS-hallmarked diamond jewellery. It offers a diverse range of jewellery products and is dedicated to designing, manufacturing, and selling high-quality jewellery that includes necklaces, chains, rings and earrings. It sources finished jewellery from third-party artisans located across India. Additionally, it also supplies raw material i.e. gold bullion / bars to artisans for making of its jewellery on a job-work basis in Ahmedabad, Mumbai, Rajkot, and Surat. Its constant endeavour is to maintain the highest standard and quality of its gold, diamonds used in its jewel pieces.
Business area of the company
The company is engaged in the business of supplying jewelry to retail jewellers, mainly gold and diamond jewellry. The Jewelries are manufactured on a Job Work basis. It deals in two types of jewellry; one is in 22 Karat Gold jewellry and another one is in 18 Karat Diamond jewellry.
Products of the company
History and milestones
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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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