Past 10 year’s financial track record analysis by Moneyworks4me indicates that Veerkrupa Jewellers Ltd is a below average quality company.
The key valuation ratios of Veerkrupa Jewellers Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veerkrupa Jewellers 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 0.2% | 0.3% | 0.4% | 0.7% | 2% | - |
| Value Creation Index ⓘ | -1.0 | -1.0 | -1.0 | -1.0 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 11 | 4.6 | 12.3 | 18.8 | 13.9 | 14 |
| Sales YoY Gr. | - | -57.7% | 164.8% | 53.3% | -26.3% | - |
| Adj EPS ⓘ | 0 | 0 | 0 | 0 | 0.3 | 0 |
| YoY Gr. | - | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 1 | 1 | 0.6 | 1 | 16.9 | 1.4 |
| Adj Net Profit ⓘ | 0 | 0 | 0 | 0 | 0.2 | 0 |
| Cash Flow from Ops. ⓘ | -4.3 | 0 | -0.3 | -8.8 | 0 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -1.3 | -0.1 | 231 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 44.1% | -26.3% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | 159.3% | 1591% | ||||
| Share Price | - | - | - | 12.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.2 | 0.2 | 0.2 | 0.5 | 1.9 | 0.2 |
| Op. Profit Mgn % ⓘ | 0.1 | 0.7 | 0.3 | 0.4 | 2.2 | NAN |
| Net Profit Mgn % ⓘ | 0.1 | 0.2 | 0.1 | 0.2 | 1.8 | 1.9 |
| Debt to Equity ⓘ | 0 | 0 | 0.1 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 586 | 301 | 240 | 385 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 481 | 163 | 187 | 350 | 0 |
Sales growth is growing at healthy rate in last 3 years 44.09%
Return on Equity has declined versus last 3 years average to 0.20%
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 (₹) | 0 | - |
| TTM Sales (₹ Cr.) | 13.9 | - |
| BVPS (₹.) ⓘ | 1.4 | - |
| Reserves (₹ Cr.) ⓘ | 5 | - |
| P/BV ⓘ | 0.98 | - |
| PE ⓘ | 74.78 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1.23 / 2.49 |
| All Time Low / High (₹) | 1.20 / 8.76 |
| Market Cap (₹ Cr.) | 18.2 |
| Equity (₹ Cr.) | 13.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 62.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 10.95 | 4.63 | 12.26 | 18.80 | 13.85 |
| Operating Expenses ⓘ | 10.93 | 4.59 | 12.22 | 18.72 | 13.54 |
| Manufacturing Costs | 0 | 0.01 | 0.01 | 0.01 | 0.04 |
| Material Costs | 10.87 | 4.52 | 11.96 | 17.72 | 12.81 |
| Employee Cost | 0.04 | 0.03 | 0.09 | 0.13 | 0.23 |
| Other Costs ⓘ | 0.03 | 0.03 | 0.16 | 0.85 | 0.46 |
| Operating Profit ⓘ | 0.01 | 0.03 | 0.04 | 0.08 | 0.31 |
| Operating Profit Margin (%) | 0.1% | 0.7% | 0.3% | 0.4% | 2.2% |
| Other Income ⓘ | 0 | 0.01 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0.01 | 0.02 | 0.01 |
| Depreciation ⓘ | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.01 | 0.02 | 0.01 | 0.05 | 0.28 |
| Tax ⓘ | 0 | 0 | 0 | 0.01 | 0.04 |
| Profit After Tax | 0.01 | 0.01 | 0.01 | 0.04 | 0.24 |
| PAT Margin (%) | 0.1% | 0.2% | 0.1% | 0.2% | 1.8% |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 4.90 | 4.91 | 4.92 | 13.06 | 13.29 | |||||
| Share Capital ⓘ | 1.87 | 1.87 | 4.86 | 7.86 | 7.86 | |||||
| Reserves ⓘ | 3.03 | 3.04 | 0.05 | 5.20 | 5.43 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 0 | 0 | 0.42 | 1.13 | 1.92 | |||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | |||||
| Short Term Debt | 0 | 0 | 0.42 | 1.13 | 1.92 | |||||
| Trade Payables | 0.30 | 5.42 | 4.81 | 0.81 | 0.10 | |||||
| Others Liabilities ⓘ | 0.01 | 0.02 | 0.02 | 0.03 | 0.22 | |||||
| Total Liabilities ⓘ | 5.20 | 10.35 | 10.17 | 15.02 | 15.54 | |||||
Fixed Assets | ||||||||||
| Gross Block | 0.04 | 0.09 | 0.10 | 0.10 | 0.13 | |||||
| Accumulated Depreciation | 0.01 | 0.03 | 0.05 | 0.06 | 0.08 | |||||
| Net Fixed Assetsⓘ | 0.04 | 0.06 | 0.05 | 0.04 | 0.05 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0.12 | 0 | |||||
| Inventories | 3.34 | 7.23 | 9.40 | 13.98 | 12.86 | |||||
| Trade Receivables | 1.26 | 2.82 | 0.33 | 0.26 | 0.54 | |||||
| Cash Equivalents | 0.51 | 0.04 | 0.12 | 0.13 | 1.02 | |||||
| Others Assetsⓘ | 0.07 | 0.20 | 0.27 | 0.50 | 1.06 | |||||
| Total Assets ⓘ | 5.20 | 10.35 | 10.17 | 15.02 | 15.54 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4.34 | 0.04 | -0.33 | -8.78 | 0.01 |
| PBT ⓘ | 0.01 | 0.02 | 0.01 | 0.05 | 0.28 |
| Adjustment ⓘ | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 |
| Changes in Working Capital ⓘ | -4.35 | 0 | -0.36 | -8.85 | -0.23 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -0.06 |
| Cash Flow From Investing Activity ⓘ | -0.04 | 0.09 | -0.01 | -0.01 | 0.09 |
| Capex | -0.04 | 0.09 | -0.01 | -0.01 | -0.03 |
| Net Investments | 0 | 0 | 0 | 0 | 0.12 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 4.89 | 0 | 0.42 | 8.81 | 0.80 |
| Net Proceeds from Shares ⓘ | 4.89 | 0 | 0 | 8.10 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0.42 | 0.71 | 0.80 |
| Net Cash Flow ⓘ | 0.51 | 0.13 | 0.08 | 0.01 | 0.89 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.15 | 0.22 | 0.18 | 0.46 | 1.85 | |||||
| ROCE (%) | 0.15 | 0.31 | 0.4 | 0.67 | 1.98 | |||||
| Asset Turnover Ratio | 2.1 | 0.6 | 1.2 | 1.49 | 0.91 | |||||
| PAT to CFO Conversion(x) | -434 | 4 | -33 | -219.5 | 0.04 | Working Capital Days | ||||
| Receivable Days | 42 | 161 | 47 | 6 | 11 | |||||
| Inventory Days | 111 | 417 | 248 | 227 | 354 | |||||
| Payable Days | 10 | 231 | 156 | 58 | 13 | |||||
The Company was originally incorporated as Veerkrupa Jewellers Private Limited on September 13, 2019 under the Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently the name of the company was changed from “Veerkrupa Jewellers Private Limited” to “Veerkrupa Jewellers Limited” under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on January 07, 2020 and had obtained fresh certificate of incorporation dated January 17, 2020 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli.
Veerkrupa Jewellers commenced its operations by setting up a showroom in Naroda, Ahmedabad and over the years it had opened its 2nd show room in Narol, Ahmedabad. Its Showrooms with an area of 1050 square feet offer luxurious experience and customer services. Its collection of jewellery in both the showrooms reflects regional customer preferences and designs. Its wide range of jewellery designs, across various price points caters to customers across all market segments. The company’s jewellery business includes the sale of jewellery made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Its product profile includes designer, traditional, modern and combined designs of jewellery at best prices. The variety of jewellery offered enhances its efficiency and enables it to attract and retain the ever growing customer base and relationship. Its aim and focus on design and innovation, its ability to recognize consumer preferences and market trends, the intricacy of its designs and the quality of its products are its key strengths.
Business area of the company
The company essentially sells wide range of products for different occasions including special occasions, such as weddings and party-wear, jewellery for personal milestones, festival jewellery, daily-wear jewellery, kid’s jewellery and men’s jewellery. Each collection serves customers with different needs and preferences for different designs at various and best price range. Its jewellery is made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Its product profile includes designer, traditional, modern and combined designs of jewellery such as earrings, chains, bracelets, gold/silver bars, Bands, Mandalsutra, Pendant sets and chains, Anklets, Waist Belts and necklaces. Besides this, it also sells Hand tools, pooja items, decorative items in silver. Its wide range of product offerings caters to diverse customer segments, from the high-end to mid-market and value market segments. It sale its jewellery from its showrooms located in Naroda and Narol. The gold, silver, diamond and other jewellery inventory in the showrooms reflect regional customer preferences and designs. Some of its highest selling products are rings, earrings, chains, mangalsutra, bracelate.
Major Events and Milestones
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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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