BSE: 544060 | NSE: RBZJEWEL | Diamond & Jewellery | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that RBZ Jewellers Ltd is a average quality company.
The key valuation ratios of RBZ Jewellers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of RBZ Jewellers Ltd is likely to Rise-somewhat 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 17.8% | 21.5% | 24% | 16.1% | - |
| Value Creation Index ⓘ | 0.3 | 0.5 | 0.7 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 107 | 252 | 288 | 327 | 401 |
| Sales YoY Gr. | - | 135.6% | 14.2% | 13.7% | - |
| Adj EPS ⓘ | 3.1 | 4.8 | 1 | 5.4 | 6.7 |
| YoY Gr. | - | 52.4% | -79.3% | 444.4% | - |
| BVPS (₹) ⓘ | 18.5 | 23.3 | 4.1 | 51.9 | 56.1 |
| Adj Net Profit ⓘ | 9.4 | 14.3 | 22.3 | 21.6 | 27 |
| Cash Flow from Ops. ⓘ | -2.6 | 0.9 | -11.2 | -48.2 | - |
| Debt/CF from Ops. ⓘ | -20.8 | 68.3 | -8.5 | -1.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 45.2% | 13.7% | ||||
| Adj EPS ⓘ | NA | NA | 19.9% | 444.4% | ||||
| BVPSⓘ | NA | NA | 41% | 1162% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.9 | 22.8 | 27.5 | 14.4 | 12.3 |
| Op. Profit Mgn % ⓘ | 19.1 | 10.6 | 13.1 | 11.8 | 11.2 |
| Net Profit Mgn % ⓘ | 8.8 | 5.7 | 7.8 | 6.6 | 6.6 |
| Debt to Equity ⓘ | 1 | 0.9 | 1 | 0.3 | 0.1 |
| Working Cap Days ⓘ | 0 | 182 | 205 | 238 | 134 |
| Cash Conv. Cycle ⓘ | 0 | 156 | 172 | 217 | 94 |
Sales growth is growing at healthy rate in last 3 years 45.19%
Net Profit is growing at healthy rate in last 3 years 19.86%
Debt to equity has declined versus last 3 years average to 0.33
Sales growth is good in last 4 quarters at 38.24%
Return on Equity has declined versus last 3 years average to 12.30%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.7 | - |
| TTM Sales (₹ Cr.) | 401 | - |
| BVPS (₹.) ⓘ | 56.1 | - |
| Reserves (₹ Cr.) ⓘ | 184 | - |
| P/BV ⓘ | 3.28 | - |
| PE ⓘ | 27.61 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 95.00 / 255.35 |
| All Time Low / High (₹) | 95.00 / 255.35 |
| Market Cap (₹ Cr.) | 735 |
| Equity (₹ Cr.) | 40 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 83.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 107 | 252 | 288 | 327 |
| Operating Expenses ⓘ | 87 | 225 | 250 | 289 |
| Manufacturing Costs | 3 | 6 | 10 | 11 |
| Material Costs | 75 | 208 | 226 | 261 |
| Employee Cost | 4 | 5 | 7 | 9 |
| Other Costs ⓘ | 4 | 5 | 8 | 8 |
| Operating Profit ⓘ | 20 | 27 | 38 | 38 |
| Operating Profit Margin (%) | 19.1% | 10.6% | 13.1% | 11.8% |
| Other Income ⓘ | 1 | 0 | 2 | 0 |
| Interest ⓘ | 6 | 6 | 8 | 8 |
| Depreciation ⓘ | 2 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 13 | 20 | 30 | 30 |
| Tax ⓘ | 4 | 5 | 7 | 8 |
| Profit After Tax | 10 | 14 | 22 | 22 |
| PAT Margin (%) | 9.1% | 5.7% | 7.8% | 6.6% |
| Adjusted EPS (₹) | 3.3 | 4.8 | 1.0 | 5.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 56 | 70 | 92 | 207 | ||||||
| Share Capital ⓘ | 4 | 4 | 30 | 40 | ||||||
| Reserves ⓘ | 52 | 66 | 62 | 167 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 53 | 56 | 91 | 66 | ||||||
| Long Term Debt | 8 | 9 | 23 | 20 | ||||||
| Short Term Debt | 46 | 48 | 68 | 46 | ||||||
| Trade Payables | 4 | 15 | 15 | 3 | ||||||
| Others Liabilities ⓘ | 14 | 20 | 15 | 15 | ||||||
| Total Liabilities ⓘ | 127 | 162 | 213 | 291 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 17 | 17 | 27 | 30 | ||||||
| Accumulated Depreciation | 0 | 1 | 2 | 3 | ||||||
| Net Fixed Assetsⓘ | 17 | 16 | 25 | 27 | ||||||
| CWIP ⓘ | 0 | 1 | 1 | 2 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 92 | 119 | 149 | 224 | ||||||
| Trade Receivables | 10 | 14 | 22 | 13 | ||||||
| Cash Equivalents | 2 | 2 | 8 | 14 | ||||||
| Others Assetsⓘ | 6 | 11 | 8 | 11 | ||||||
| Total Assets ⓘ | 127 | 162 | 213 | 291 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3 | 1 | -11 | -48 |
| PBT ⓘ | 13 | 20 | 30 | 30 |
| Adjustment ⓘ | 7 | 7 | 8 | 9 |
| Changes in Working Capital ⓘ | -20 | -21 | -41 | -78 |
| Tax Paid ⓘ | -4 | -5 | -8 | -9 |
| Cash Flow From Investing Activity ⓘ | 1 | -1 | -11 | -4 |
| Capex | 1 | 0 | -11 | -4 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | -1 | 28 | 59 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 93 |
| Net Proceeds from Borrowing ⓘ | 7 | 5 | 36 | -27 |
| Interest Paid ⓘ | -6 | -6 | -8 | -8 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | -1 | 6 | 7 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.55 | 22.94 | 27.49 | 14.38 | ||||||
| ROCE (%) | 17.78 | 21.47 | 23.96 | 16.13 | ||||||
| Asset Turnover Ratio | 0.84 | 1.75 | 1.54 | 1.3 | ||||||
| PAT to CFO Conversion(x) | -0.3 | 0.07 | -0.5 | -2.18 | Working Capital Days | |||||
| Receivable Days | 35 | 17 | 23 | 19 | ||||||
| Inventory Days | 312 | 152 | 170 | 208 | ||||||
| Payable Days | 21 | 17 | 24 | 12 | ||||||
The company was originally incorporated as “RBZ Jewellers Private Limited” as a private limited company under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated April 15, 2008 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, the company was converted to a public limited company, pursuant to a special resolution passed by its shareholders on February 25, 2023 and the name of the Company was changed to “RBZ Jewellers Limited” and a fresh certificate of incorporation dated March 20, 2023 was issued to the company by the Registrar of Companies, Ahmedabad.
The company is one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery and distribute to reputable nation-wide retailers and significant regional players in India. It designs and manufacture a wide range of Antique Bridal Gold Jewellery which consists of jadau, Meena and Kundan work and sell it on a wholesale and retail basis. It also processes and supply Antique Bridal Gold Jewellery on job work basis to national retailers. Its customer base in wholesale business includes reputed national, regional and local family jewellers spread across many States and cities within India. The company also operates its retail showroom under the brand name ‘Harit Zaveri’ and is an established player in Ahmedabad. in Ahmedabad. It offers jewellery for bridal, occasional and daily wear at various price range in its retail showroom. It also exports its jewellery to Middle East region. It carries out its manufacturing operations from a well-equipped and modern facility situated at Ahmedabad, Gujarat having advanced technologies in casting, laser and 3-D printing. Its retail showroom is situated in the prominent area of Ahmedabad, Gujarat. It has a dedicated and experienced in-house design team who supervises the artisans and craftsmen to develop new products and unique designs that meet customers’ demands and requirements basis its own market research in the jewellery industry.
The company offers a diverse range of jewellery collections comprising of different manufacturing techniques and varieties. It specialises in Antique Gold bridal jewellery and is known for its unique designs and craftmanship. It uses a variety of precious and semi-precious stones in its jewellery, including diamonds, emeralds, rubies, and pearls, which are intricately set in gold. Its constant focus on design and technological innovation in its jewellery products, its ability to recognize consumer preferences and market trends, the unique designs and the quality of its products are its key strengths, amongst others. It endeavours to cater to its customers’ preferences, which often vary significantly by geography and micro market. Its jewellery designs are inspired by traditional Indian art and culture, and it blend these elements with contemporary designs to create aesthetic pieces that are both classic and modern.
Business area of the company
The company is an India-based gold jewellery manufacturer specialising in the creation of antique designs. The company designs and manufactures a wide range of antique gold jewellery consisting of jadau, meena and kundan work and sells it on wholesale and retail basis.
Awards, Accreditations and Recognition
Major events
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