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Neogem India Overview

1. Business Overview

Neogem India Ltd. operates within the Diamond & Jewellery sector in India. Based on its industry classification, the company is likely involved in one or more stages of the diamond and jewellery value chain, which typically includes sourcing rough diamonds, cutting and polishing them, designing and manufacturing finished jewellery, and then selling these products. The core business model would involve acquiring raw materials (diamonds, precious metals), adding value through processing and design, and generating revenue through sales to either B2B clients (wholesalers, other jewellers) or B2C consumers (through retail channels). How it makes money depends on the specific segment(s) it focuses on, primarily through profit margins on the sale of polished diamonds and/or finished jewellery.

2. Key Segments / Revenue Mix

Specific information on Neogem India Ltd.'s key segments and revenue mix is not publicly available from the provided data. However, typical segments in the Diamond & Jewellery industry include:

Polished Diamond Trading/Manufacturing

Jewellery Manufacturing and Wholesaling

Jewellery Retailing (B2C)

Trading of Precious Stones and Metals

Without specific disclosures from the company, the exact contribution of each potential segment cannot be determined.

3. Industry & Positioning

The Diamond & Jewellery industry in India is large, complex, and holds global significance, particularly in diamond cutting and polishing, where India processes a significant portion of the world's rough diamonds. The domestic jewellery market is characterized by a mix of highly organized large players and a vast number of unorganized, smaller entities. It is driven by cultural factors (weddings, festivals), rising disposable incomes, and increasing urbanization. Neogem India Ltd. operates within this competitive landscape. Without information on its scale, market share, or specific niche, its precise positioning relative to peers (e.g., as a specialized diamond exporter, a domestic retail chain, or a B2B manufacturer) cannot be determined. It likely competes with a multitude of other companies ranging from large publicly listed corporations to smaller family-owned businesses.

4. Competitive Advantage (Moat)

Based solely on the company name and industry, no specific durable competitive advantage or "moat" is discernible for Neogem India Ltd. In the Diamond & Jewellery sector, common moats can include strong brand recognition (for retail-focused businesses), economies of scale in sourcing or manufacturing, proprietary design expertise, an extensive and efficient distribution network, or specialized skills in handling rare or unique stones. Without further information about Neogem India Ltd.'s operations, market share, or brand equity, it is not possible to identify any clear, sustainable competitive advantage. It may operate on a more competitive, margin-driven basis.

5. Growth Drivers

Potential growth drivers for Neogem India Ltd., aligning with the broader Indian Diamond & Jewellery sector, include:

Rising Disposable Incomes: Increasing affluence among Indian consumers fuels demand for luxury goods, including jewellery.

Cultural Significance: Continued strong demand for gold and diamond jewellery for weddings, festivals, and gifting, which are deeply embedded in Indian culture.

Urbanization & Organized Retail: Growth of urban centers and a shift towards organized retail channels can create new markets and enhance sales efficiency.

Export Opportunities: India's strong position in diamond cutting and polishing offers potential for growth in international markets.

Evolving Consumer Preferences: Adaptation to changing tastes, such as demand for lighter, more contemporary designs or branded jewellery.

6. Risks

Key risks for Neogem India Ltd. within its industry include:

Raw Material Price Volatility: Fluctuations in the prices of rough diamonds, gold, and other precious metals can significantly impact profitability.

Currency Fluctuations: As an entity involved in global trade (rough diamond imports, polished diamond/jewellery exports), currency exchange rate volatility poses a risk.

Economic Downturns: Jewellery is a discretionary purchase, making demand sensitive to economic slowdowns, job losses, or reduced consumer confidence.

Regulatory Changes: Changes in import duties, GST rates, anti-money laundering regulations, or environmental norms can affect operations and costs.

Intense Competition: The industry is highly fragmented with numerous players, leading to pricing pressure and potential margin erosion.

Ethical Sourcing Concerns: Increasing consumer awareness about ethical sourcing of diamonds and gold could pose reputational and operational risks if not managed effectively.

Changing Consumer Preferences: The rise of lab-grown diamonds or shifts away from traditional jewellery could impact demand for natural diamonds.

7. Management & Ownership

Specific details regarding Neogem India Ltd.'s promoters, management quality, and ownership structure are not available in the provided information. In India, many companies, particularly in traditional sectors, are promoter-driven, meaning a founding family or individual holds a significant stake and plays a key role in management. Without specific data, it is not possible to comment on the management's experience, track record, or the current ownership structure beyond the general assumption of a public listed entity.

8. Outlook

Neogem India Ltd. operates in a sector with inherent growth drivers rooted in India's cultural traditions and rising economic prosperity. The demand for diamonds and jewellery is likely to remain robust in the long term, supported by increasing disposable incomes and urbanization. However, the company faces significant challenges typical of the industry, including intense competition from both organized and unorganized players, high capital intensity, volatility in raw material prices, and sensitivity to economic cycles. Its future performance will depend on its ability to effectively manage its supply chain, adapt to evolving consumer preferences, navigate regulatory complexities, and differentiate itself in a crowded market. Without specific operational details, financial performance, or strategic initiatives, the outlook presents a mixed picture of opportunity tempered by substantial industry-specific risks.

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Neogem India Key Financials

Market Cap ₹3 Cr.

Stock P/E -10.1

P/B 0.6

Current Price ₹3.9

Book Value ₹ 6.4

Face Value 10

52W High ₹4

Dividend Yield 0%

52W Low ₹ 3.1

Neogem India Share Price

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Volume
Price

Neogem India Quarterly Price

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Neogem India Peer Comparison

Neogem India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses -0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Adjusted Earnings Per Share -0.1 -0.2 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0

Neogem India Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 57 24 15 6 0 0 0 0 0 0 0 0
Other Income 0 0 0 1 0 0 0 0 0 0 0 0
Total Income 57 24 15 6 0 0 0 0 0 0 0 0
Total Expenditure 55 28 15 8 0 0 1 0 0 1 0 0
Operating Profit 1 -3 -0 -2 -0 -0 -0 -0 -0 -1 -0 0
Interest 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 -0 0 0 0 0 0 0 0 -0 0 0
Profit Before Tax 0 -5 -0 -2 -0 -0 -1 -0 -0 -1 -0 0
Provision for Tax 0 -0 0 -0 -0 0 0 0 0 0 0 0
Profit After Tax 0 -5 -0 -2 -0 -0 -1 -0 -0 -1 -0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -5 -0 -2 -0 -0 -1 -0 -0 -1 -0 0
Adjusted Earnings Per Share 0 -5.9 -0.5 -2.1 -0.2 -0.2 -0.7 -0.1 -0.1 -1 -0.4 -0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% -100%
Operating Profit CAGR 0% 0% 0% -100%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 12% 19% 16% -6%
ROE Average -6% -7% -6% -9%
ROCE Average -1% -2% -1% -2%

Neogem India Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 15 10 9 8 7 7 7 7 7 6 5
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 55 40 37 34 35 35 35 35 35 36 37
Total Liabilities 70 50 47 42 42 42 42 42 42 42 42
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 69 50 46 41 41 41 41 41 41 41 41
Total Assets 70 50 47 42 42 42 42 42 42 42 42

Neogem India Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 1 -1 0 -0 0 0 -0 0 0 -0 0
Cash Flow from Investing Activities 0 -0 0 -0 0 0 0 0 0 0 0
Cash Flow from Financing Activities -0 1 -0 0 -0 -0 -0 -0 -0 0 0
Net Cash Inflow / Outflow 0 -0 -0 -0 0 -0 -0 -0 0 0 0
Closing Cash & Cash Equivalent 1 0 0 0 0 0 0 0 0 0 0

Neogem India Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.01 -5.93 -0.55 -2.1 -0.21 -0.17 -0.74 -0.08 -0.09 -0.98 -0.39
CEPS(Rs) 0.21 -5.84 -0.45 -2.01 -0.21 -0.17 -0.74 -0.08 -0.09 -0.98 -0.39
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 17.4 11.9 11.35 9.25 9.04 8.86 8.13 8.05 7.96 6.97 6.59
Core EBITDA Margin(%) 2.46 -14.79 -0.58 -40.9 -94.11 0 0 0 0 0 0
EBIT Margin(%) 2.17 -14.78 -1.09 -29.62 -87.86 0 0 0 0 0 0
Pre Tax Margin(%) 0.05 -20.29 -1.74 -30.08 -88.64 0 0 0 0 0 0
PAT Margin (%) 0.01 -20.21 -2.96 -29.75 -87.45 0 0 0 0 0 0
Cash Profit Margin (%) 0.3 -19.89 -2.45 -28.46 -87.45 0 0 0 0 0 0
ROA(%) 0.01 -8.11 -0.93 -3.86 -0.41 -0.34 -1.44 -0.16 -0.18 -1.92 -0.75
ROE(%) 0.04 -40.49 -4.72 -20.39 -2.3 -1.93 -8.68 -1 -1.12 -13.14 -5.69
ROCE(%) 4.04 -12.05 -0.6 -6.49 -0.68 -0.56 -1.87 -0.27 -0.3 -3.36 -1.34
Receivable days 357.48 772.93 1092.48 2712.45 0 0 0 0 0 0 0
Inventory Days 64.9 92.7 27.99 26.24 281.91 0 0 0 0 0 0
Payable days 249.57 485.35 631.2 1613.5 0 0 0 0 0 0 0
PER(x) 712.56 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0.31 0.31 0.44 0 0.4 0 0.29 0.56 0.31 0.61 0.56
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.35 0.87 1.42 4.5 105.6 0 0 0 0 0 0
EV/Core EBITDA(x) 14.28 -6.04 -243.52 -15.87 -120.2 -184.18 -42.3 -324.37 -264.98 -26.57 -65.86
Net Sales Growth(%) -32.33 -57.68 -36.83 -61.93 -96.6 -100 0 0 0 0 0
EBIT Growth(%) -10.51 -387.86 95.33 -930.95 89.91 18.28 -230.62 85.8 -10.74 -995.22 60.63
PAT Growth(%) -95.92 0 90.75 -282.85 90.01 17.72 -327.2 89 -10.71 -992.23 60.63
EPS Growth(%) -96.06 0 90.76 -282.89 90 17.72 -327.1 89 -10.73 -992.43 60.63
Debt/Equity(x) 1.14 1.88 1.93 2.37 2.43 2.47 2.7 2.73 2.7 3.15 3.33
Current Ratio(x) 1.26 1.23 1.23 1.21 1.2 1.2 1.18 1.18 1.17 1.15 1.13
Quick Ratio(x) 1.07 1.19 1.22 1.2 1.2 1.19 1.17 1.17 1.17 1.14 1.13
Interest Cover(x) 1.03 -2.68 -1.68 -64.15 -113.01 -454.03 -3.39 -330.5 -366 0 0
Total Debt/Mcap(x) 3.69 6.03 4.41 0 6.08 0 9.3 4.88 8.81 5.17 5.93

Neogem India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 41.99 41.99 41.99 41.99 41.99 41.99 41.99 41.99 41.99 41.99
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 58.01 58.01 58.01 58.01 58.01 58.01 58.01 58.01 58.01 58.01
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Neogem India News

Neogem India Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value

Cons

  • Promoter holding is low: 41.99%.
  • Company has a low return on equity of -7% over the last 3 years.
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