Swarnsarita Jewels India Ltd - Stock Valuation and Financial Performance

BSE: 526365 | NSE: | Diamond & Jewellery | Small Cap

Swarnsarita Jewels Share Price

44.14 -0.31 -0.70%
as on 20-Dec'24 16:59

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Swarnsarita Jewels India stock performance -

mw4me loader
P/E Ratio (SA):
11.56
Market Cap:
92.2 Cr.
52-wk low:
23.1
52-wk high:
65

Is Swarnsarita Jewels India Ltd an attractive stock to invest in?

1. Is Swarnsarita Jewels India Ltd a good quality company?

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

2. Is Swarnsarita Jewels India Ltd undervalued or overvalued?

The key valuation ratios of Swarnsarita Jewels India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Swarnsarita Jewels India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Swarnsarita Jewels India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Swarnsarita Jewels:

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.
Swarnsarita Jewels India 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.3%5.8%5.4%5.9%5.8%6.3%7%7.7%6.2%6.8%-
Value Creation
Index
-0.5-0.6-0.6-0.6-0.6-0.6-0.5-0.5-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 240321286485548559575841848681663
Sales YoY Gr.-33.9%-10.9%69.6%13%1.9%3%46.2%0.8%-19.6%-
Adj EPS 1.20.711.20.81.32.42.122.33.8
YoY Gr.--46.8%50%24.2%-33.3%52.4%92%-12.1%-6.6%18.3%-
BVPS (₹) 37.839.140.542.644.847.450.454.356.859.262.6
Adj Net
Profit
2.61.42.12.61.72.654.44.14.98
Cash Flow from Ops. -29.20.2-17.4-2.5-26.712.95.16.811.75.1-
Debt/CF from Ops. -1.7402.3-4.6-42.3-4.97.823.118.41019.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.3%4.4%5.8%-19.6%
Adj EPS 7.3%23.2%-1%18.3%
BVPS5.1%5.7%5.5%4.4%
Share Price 1.9% 44.5% 26.6% 27.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
3.41.72.531.92.74.94.13.646.3
Op. Profit
Mgn %
1.91.31.71.21.11.321.21.31.62
Net Profit
Mgn %
1.10.40.70.50.30.50.90.50.50.71.2
Debt to
Equity
0.60.90.91.21.411.11.110.80
Working Cap
Days
164130162107109116113798510758
Cash Conv.
Cycle
107101134929610510373727931

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.30%

Debt to equity has declined versus last 3 years average to 0.81

Sales growth has been subdued in last 3 years 5.79%

Net Profit has been subdued in last 3 years -0.98%

Sales growth is not so good in last 4 quarters at -6.15%

Latest Financials - Swarnsarita Jewels India Ltd.

Standalone Consolidated
TTM EPS (₹) 3.8 3.5
TTM Sales (₹ Cr.) 663 760
BVPS (₹.) 62.6 62.1
Reserves (₹ Cr.) 110 109
P/BV 0.71 0.71
PE 11.56 12.71
From the Market
52 Week Low / High (₹) 23.10 / 64.98
All Time Low / High (₹) 0.40 / 195.00
Market Cap (₹ Cr.) 92.2
Equity (₹ Cr.) 20.9
Face Value (₹) 10
Industry PE 87.9

Management X-Ray of Swarnsarita Jewels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *57.6657.6657.6657.6657.6657.6657.6657.6657.6657.66
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Swarnsarita Jewels

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales239.75320.99286.09485.10548.24558.74575.40841.19847.66681.17
Operating Expenses 235.19316.75281.23479.10542.37551.73564.51831.68836.81670.12
Manufacturing Costs0.380.440.460.410.940.290.040.050.060.07
Material Costs232.82311.36274.63471.13530.79541.53557.36822.53827.30660.48
Employee Cost 0.782.743.804.554.775.382.473.472.633.21
Other Costs 1.212.212.343.015.874.534.645.636.816.36
Operating Profit 4.564.244.8665.867.0110.899.5110.8511.05
Operating Profit Margin (%) 1.9%1.3%1.7%1.2%1.1%1.3%1.9%1.1%1.3%1.6%
Other Income 3.494.163.954.796.427.134.368.424.034.78
Interest 3.414.384.444.165.025.586.396.947.808.63
Depreciation 0.120.130.190.190.190.860.400.260.260.30
Exceptional Items 0000000000
Profit Before Tax 4.533.894.186.447.077.698.4610.736.826.91
Tax 1.441.211.312.142.362.382.442.661.721.82
Profit After Tax 3.092.682.874.304.725.316.028.075.105.09
PAT Margin (%) 1.3%0.8%1.0%0.9%0.9%1.0%1.0%1.0%0.6%0.7%
Adjusted EPS (₹)1.51.31.42.12.32.62.93.92.52.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 78.7381.5284.3888.6893.4098.71105.05113.23118.27123.43
Share Capital 20.8420.8420.8420.8420.8420.8420.8420.8420.8420.84
Reserves 57.9060.6863.5567.8472.5677.8784.2192.3997.43102.60
Minority Interest0000000000
Debt48.3574.8779.38105.48130.92101.17116.77122.60116.99100.26
Long Term Debt000000019.3918.548.58
Short Term Debt48.3574.8779.38105.48130.92101.17116.77103.2198.4491.67
Trade Payables5.419.543.462.553.551.821.152.122.990.86
Others Liabilities 2.441.793.247.644.946.513.337.131.993.27
Total Liabilities 134.94167.72170.47204.35232.80208.20226.30245.07240.24227.82

Fixed Assets

Gross Block0.962.252.382.502.764.726.4266.248.07
Accumulated Depreciation0.520.650.841.031.221.721.231.121.381.68
Net Fixed Assets0.441.591.541.481.5435.194.894.866.38
CWIP 0000000000
Investments 10.6615.9013.2110.0510.1010.1010.13101010
Inventories52.0356.2476.1577.86102.4992.6076.8785.8375.7776.44
Trade Receivables37.4847.3743.7252.0863.0668.6989.1585.9792.2655.37
Cash Equivalents 13.9632.1120.1944.9840.5219.1031.8843.7118.1719.85
Others Assets20.3814.5015.6617.9015.0814.7113.0914.6939.1859.77
Total Assets 134.94167.72170.47204.35232.80208.20226.30245.07240.24227.82

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -29.190.19-17.41-2.49-26.7112.935.056.8411.675.12
PBT 4.533.894.186.447.077.698.4610.736.826.91
Adjustment -5.622.261.772.043.073.135.484.695.444.70
Changes in Working Capital -26.66-4.72-22.06-8.83-34.54.64-6.35-5.492.73-4.13
Tax Paid -1.45-1.23-1.29-2.14-2.36-2.54-2.54-3.08-3.33-2.36
Cash Flow From Investing Activity 2.19-4.175.415.351.830.95-1.512.732.312.45
Capex -0.26-1.29-0.13-0.12-0.20-2.37-3.64-0.16-0.24-1.82
Net Investments 0-5.172.753.21-0.100.0700.1300
Others 2.452.282.802.262.133.252.132.762.554.27
Cash Flow From Financing Activity 36.7322.140.0721.9420.42-35.299.232.26-16.75-25.33
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 3.29-4.38-4.44-4.16-5.02-5.54-6.38-6.92-7.79-8.60
Dividend Paid 0000000000
Others 33.4426.524.5126.1025.44-29.7515.609.18-8.97-16.73
Net Cash Flow 9.7318.15-11.9224.79-4.46-21.4112.7711.83-2.78-17.76
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.013.343.464.975.185.535.917.44.414.21
ROCE (%)7.295.835.385.925.786.267.047.666.166.77
Asset Turnover Ratio1.882.121.692.592.512.532.653.573.492.91
PAT to CFO Conversion(x)-9.450.07-6.07-0.58-5.662.440.840.852.291.01
Working Capital Days
Receivable Days63485836384350383840
Inventory Days71628458606454353541
Payable Days27992221111

Swarnsarita Jewels India Ltd Stock News

Swarnsarita Jewels India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Swarnsarita Jewels on 20-Dec-2024 16:59 is ₹44.14.
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 20-Dec-2024 16:59 the market cap of Swarnsarita Jewels stood at ₹92.15.
The latest P/E ratio of Swarnsarita Jewels as of 20-Dec-2024 16:59 is 11.56.
The latest P/B ratio of Swarnsarita Jewels as of 20-Dec-2024 16:59 is 0.71.
The 52-week high of Swarnsarita Jewels is ₹64.98 and the 52-week low is ₹23.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swarnsarita Jewels is ₹662.9 ( Cr.) .

About Swarnsarita Jewels India Ltd

Swarnasarita Gems, earlier known as Shyam Star Gems (SSGL) was incorporated as a private limited company on August  25, 1992 and was subsequently converted into a public limited company on February 25, 1993.The registered office of the company is at Opera House, Mumbai.In 2011 the company has changed its name from Shyam Star Gems Ltd. to Swarnasarita Gems Ltd.                                               "

It engages in diamond polishing and manufacture of jewelry. It has its manufacturing unit located at in the special economic zone (SEZ) in Surat, Gujarat and is to expand activities in other parts of Gujarat for export and retail business.

SSGL exports its wide range of diamond jewellery direct to semi wholesalers in various international markets including Hong Kong, Singapore, Middle East etc. Innovative and superior designs, timely delivery and stringent quality control measures have been the contributing factors in SSGL's success.

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