BSE: 0 | NSE: UTSSAV | Diamond & Jewellery | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Utssav CZ Gold Jewels Ltd is a below average quality company.
The key valuation ratios of Utssav CZ Gold Jewels Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Utssav CZ Gold Jewels Ltd is likely to Rise 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 % ⓘ | 7.9% | 13.3% | 21.7% | 24.8% | - |
| Value Creation Index ⓘ | -0.4 | -0.1 | 0.6 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 120 | 123 | 238 | 340 | 340 |
| Sales YoY Gr. | - | 2.6% | 93.2% | 42.8% | - |
| Adj EPS ⓘ | 1 | 2 | 3.7 | 7.2 | 5.4 |
| YoY Gr. | - | 107.3% | 86.4% | 94.9% | - |
| BVPS (₹) ⓘ | 7 | 9 | 13.3 | 21 | 46.4 |
| Adj Net Profit ⓘ | 1.6 | 3.3 | 6.2 | 12.2 | 13 |
| Cash Flow from Ops. ⓘ | -14.5 | -2.1 | -11.5 | 6.8 | - |
| Debt/CF from Ops. ⓘ | -2.1 | -17.4 | -4.3 | 10.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 41.4% | 42.8% | ||||
| Adj EPS ⓘ | NA | NA | 96% | 94.9% | ||||
| BVPSⓘ | NA | NA | 44.1% | 57.4% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.8 | 24.9 | 33.3 | 42.2 | 16 |
| Op. Profit Mgn % ⓘ | 2.9 | 5.3 | 5.2 | 6.3 | NAN |
| Net Profit Mgn % ⓘ | 1.4 | 2.7 | 2.6 | 3.6 | 3.8 |
| Debt to Equity ⓘ | 2.6 | 2.4 | 2.2 | 2.1 | - |
| Working Cap Days ⓘ | 0 | 120 | 90 | 84 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 108 | 74 | 72 | 0 |
Sales growth is growing at healthy rate in last 3 years 41.44%
Net Profit is growing at healthy rate in last 3 years 96.01%
Return on Equity has declined versus last 3 years average to 16.00%
Debt to equity has increased versus last 3 years average to 2.07
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.4 | - |
| TTM Sales (₹ Cr.) | 340 | - |
| BVPS (₹.) ⓘ | 46.4 | - |
| Reserves (₹ Cr.) ⓘ | 87 | - |
| P/BV ⓘ | 6.28 | - |
| PE ⓘ | 54.01 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 694 |
| Equity (₹ Cr.) | 23.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 87.9 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 120 | 123 | 238 | 340 |
| Operating Expenses ⓘ | 117 | 117 | 226 | 319 |
| Manufacturing Costs | 2 | 3 | 5 | 6 |
| Material Costs | 114 | 112 | 218 | 308 |
| Employee Cost | 0 | 0 | 1 | 2 |
| Other Costs ⓘ | 1 | 2 | 3 | 3 |
| Operating Profit ⓘ | 4 | 6 | 12 | 21 |
| Operating Profit Margin (%) | 2.9% | 5.3% | 5.2% | 6.2% |
| Other Income ⓘ | 0 | 0 | 2 | 2 |
| Interest ⓘ | 1 | 2 | 4 | 5 |
| Depreciation ⓘ | 0 | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 4 | 10 | 17 |
| Tax ⓘ | 1 | 1 | 2 | 4 |
| Profit After Tax | 2 | 3 | 7 | 13 |
| PAT Margin (%) | 1.3% | 2.7% | 3.0% | 3.8% |
| Adjusted EPS (₹) | 1.0 | 2.0 | 4.3 | 7.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 12 | 15 | 22 | 35 | ||||||
| Share Capital ⓘ | 4 | 4 | 4 | 17 | ||||||
| Reserves ⓘ | 8 | 11 | 18 | 18 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 30 | 36 | 50 | 72 | ||||||
| Long Term Debt | 16 | 12 | 10 | 5 | ||||||
| Short Term Debt | 15 | 24 | 40 | 66 | ||||||
| Trade Payables | 0 | 0 | 0 | 0 | ||||||
| Others Liabilities ⓘ | 2 | 5 | 10 | 14 | ||||||
| Total Liabilities ⓘ | 44 | 56 | 82 | 121 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 11 | 13 | 10 | 12 | ||||||
| Accumulated Depreciation | 2 | 3 | 0 | 0 | ||||||
| Net Fixed Assetsⓘ | 9 | 10 | 10 | 12 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 10 | 19 | 24 | 22 | ||||||
| Trade Receivables | 21 | 23 | 32 | 57 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 25 | ||||||
| Others Assetsⓘ | 4 | 4 | 16 | 6 | ||||||
| Total Assets ⓘ | 44 | 56 | 82 | 121 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -14 | -2 | -12 | 7 |
| PBT ⓘ | 2 | 4 | 10 | 17 |
| Adjustment ⓘ | 1 | 2 | 2 | 4 |
| Changes in Working Capital ⓘ | -18 | -8 | -21 | -10 |
| Tax Paid ⓘ | 0 | -1 | -2 | -4 |
| Cash Flow From Investing Activity ⓘ | 0 | -2 | 1 | -1 |
| Capex | 0 | -2 | 1 | -2 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 14 | 4 | 10 | 19 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -3 | -2 | -5 |
| Interest Paid ⓘ | -1 | -2 | -3 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 16 | 9 | 16 | 28 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 24 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 13.77 | 24.88 | 38.17 | 44.62 | ||||||
| ROCE (%) | 7.87 | 13.31 | 21.65 | 24.77 | ||||||
| Asset Turnover Ratio | 2.72 | 2.46 | 3.45 | 3.35 | ||||||
| PAT to CFO Conversion(x) | -7 | -0.67 | -1.71 | 0.54 | Working Capital Days | |||||
| Receivable Days | 65 | 65 | 42 | 47 | ||||||
| Inventory Days | 31 | 44 | 33 | 25 | ||||||
| Payable Days | 1 | 1 | 0 | 0 | ||||||
Utssav CZ Gold Jewels Limited was originally incorporated as ‘Company Limited by Shares’ under the name ‘Utsav CZ Gold Jewels Private Limited’ under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by Registrar of Companies, Mumbai, Maharashtra on November 06, 2007. Pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on November 19, 2007, the company was converted from a private limited company to public limited company and consequently, the name of the company was changed to ‘Utsav CZ Gold Jewels Limited’ and a fresh certificate of incorporation dated January 08, 2008 was issued to the company by the Registrar of Companies, Mumbai, Maharashtra. Pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on February 13, 2008, the name of the company was changed to ‘Utssav CZ Gold Jewels Limited’ and a fresh certificate of incorporation dated February 19, 2008 was issued to the company by the Registrar of Companies, Mumbai, Maharashtra.
The company is in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. The company specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery. It manufactures and offers wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklacess, Watches and Broaches etc. The company was established in 2007 in the name of Utsav CZ Gold Jewels. In 2008, it transitioned to a public limited company under the name Utsav CZ Gold Jewels.
Its forte lies in crafting exquisite CZ casting gold jewellery and designer pieces, tailored to the preferences of today's youth. Whether for daily wear or special occasions, its designed rings, earrings, pendants, bracelets, and necklaces resonate with its target audience. Cubic zirconia (CZ) is a synthetic gemstone known for its similarity to diamonds. Composed of zirconium dioxide, CZ is renowned for its clarity and can be crafted into various shapes and sizes, such as round, emerald, and pear cuts. These stones are popularly known as ‘American Diamonds’.
While it is much more affordable than diamonds, it still offers impressive durability and a sparkling appearance, making it a popular choice for jewellery. The company specializes in Gold jewellery studded with CZ stones, combining the elegance of gold with the dazzling beauty of cubic zirconia. It customizes designs to accommodate diverse regional preferences, ensuring that it meets the unique needs of its clientele in every market it serves. The company's key strengths lie in its focus on design and innovation, its deep understanding of consumer preferences and market dynamics, and the quality of its products. It caters to a wide range of customers by offering high-end, medium-range and affordable CZ gold jewellery, all hallmarked by the Bureau of Indian Standards (BIS).
Business area of the company
The company is in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. The company specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery
Products of the company
History and milestones
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