Market Cap ₹545 Cr.
Stock P/E 47.8
P/B 2.6
Current Price ₹136.3
Book Value ₹ 51.9
Face Value 10
52W High ₹255.4
Dividend Yield 0%
52W Low ₹ 95
RBZ Jewellers is a leading organized manufacturer of gold jewellery in India, specializing in antique gold jewellery with Jadau, Meena and Kundan work. The company has a history of over 15 years in the industry and operates the “Harit Zaveri” retail showroom in Ahmedabad3. They also export products to the Middle East. The company strives to offer a unique and memorable jewellery buying experience via their products along with a vision to create exquisite, enduring treasures that blend traditional artistry with contemporary techniques. RBZ Jewellers recently raised Rs 100 crore through an IPO and got listed on BSE and NSE on December 27, 2023. They aim to use the proceeds of the IPO for expanding manufacturing capacity, enhancing brand visibility, and meet working capital requirements. They are one of the few players in the antique gold jewellery segment that still has a strong presence across the value chain, from design to distribution.
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₹ | |
| #(Fig in Cr.) | Dec 2022 | Mar 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|
| Net Sales | 92 | 78 | 116 | 86 |
| Other Income | 0 | 1 | 0 | 0 |
| Total Income | 93 | 80 | 116 | 86 |
| Total Expenditure | 82 | 71 | 104 | 81 |
| Operating Profit | 10 | 9 | 12 | 5 |
| Interest | 2 | 2 | 3 | 0 |
| Depreciation | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 |
| Profit Before Tax | 8 | 6 | 9 | 4 |
| Provision for Tax | 2 | 2 | 2 | 2 |
| Profit After Tax | 6 | 5 | 7 | 3 |
| Adjustments | 0 | -0 | 0 | -0 |
| Profit After Adjustments | 6 | 5 | 7 | 3 |
| Adjusted Earnings Per Share | 0.3 | 0.2 | 1.7 | 0.7 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|
| Net Sales | 107 | 252 | 288 | 372 |
| Other Income | 1 | 0 | 2 | 1 |
| Total Income | 108 | 253 | 290 | 375 |
| Total Expenditure | 87 | 225 | 250 | 338 |
| Operating Profit | 21 | 27 | 39 | 36 |
| Interest | 6 | 6 | 8 | 7 |
| Depreciation | 2 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 |
| Profit Before Tax | 13 | 20 | 30 | 27 |
| Provision for Tax | 4 | 5 | 7 | 8 |
| Profit After Tax | 10 | 14 | 22 | 21 |
| Adjustments | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 10 | 14 | 22 | 21 |
| Adjusted Earnings Per Share | 3.2 | 4.8 | 1 | 2.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 14% | 0% | 0% | 0% |
| Operating Profit CAGR | 44% | 0% | 0% | 0% |
| PAT CAGR | 57% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 27% | 23% | 23% | 23% |
| ROCE Average | 24% | 21% | 21% | 21% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Shareholder's Funds | 56 | 70 | 92 |
| Minority's Interest | 0 | 0 | 0 |
| Borrowings | 8 | 9 | 23 |
| Other Non-Current Liabilities | 6 | 5 | 2 |
| Total Current Liabilities | 58 | 78 | 89 |
| Total Liabilities | 127 | 162 | 207 |
| Fixed Assets | 17 | 16 | 25 |
| Other Non-Current Assets | 0 | 1 | 1 |
| Total Current Assets | 110 | 145 | 181 |
| Total Assets | 127 | 162 | 207 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 0 |
| Cash Flow from Operating Activities | -3 | 1 | -11 |
| Cash Flow from Investing Activities | 1 | -1 | -11 |
| Cash Flow from Financing Activities | 2 | -1 | 28 |
| Net Cash Inflow / Outflow | 0 | -1 | 6 |
| Closing Cash & Cash Equivalent | 1 | 0 | 6 |
| # | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|
| Earnings Per Share (Rs) | 3.25 | 4.8 | 0.99 |
| CEPS(Rs) | 3.76 | 5.27 | 1.05 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 18.52 | 23.34 | 4.11 |
| Core EBITDA Margin(%) | 19.11 | 10.6 | 13.11 |
| EBIT Margin(%) | 18.36 | 10.23 | 13.23 |
| Pre Tax Margin(%) | 12.5 | 7.78 | 10.34 |
| PAT Margin (%) | 9.11 | 5.71 | 7.76 |
| Cash Profit Margin (%) | 10.53 | 6.27 | 8.23 |
| ROA(%) | 7.68 | 9.98 | 12.12 |
| ROE(%) | 17.55 | 22.94 | 27.49 |
| ROCE(%) | 17.78 | 21.47 | 23.96 |
| Receivable days | 34.66 | 17.49 | 22.81 |
| Inventory Days | 312.2 | 152.44 | 170.06 |
| Payable days | 21.18 | 17.18 | 24.31 |
| PER(x) | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.53 | 0.25 | 0.41 |
| EV/Core EBITDA(x) | 2.68 | 2.28 | 3 |
| Net Sales Growth(%) | 0 | 135.63 | 14.21 |
| EBIT Growth(%) | 0 | 31.31 | 47.7 |
| PAT Growth(%) | 0 | 47.78 | 55.03 |
| EPS Growth(%) | 0 | 47.78 | -79.33 |
| Debt/Equity(x) | 0.99 | 0.85 | 1.04 |
| Current Ratio(x) | 1.9 | 1.86 | 2.02 |
| Quick Ratio(x) | 0.31 | 0.33 | 0.35 |
| Interest Cover(x) | 3.14 | 4.18 | 4.58 |
| Total Debt/Mcap(x) | 0 | 0 | 0 |
| # | Dec 2023 | Mar 2024 |
|---|---|---|
| Promoter | 75 | 75 |
| FII | 4.33 | 1.83 |
| DII | 3.03 | 2.78 |
| Public | 17.64 | 20.4 |
| Others | 0 | 0 |
| Total | 100 | 100 |
| # | Dec 2023 | Mar 2024 |
|---|---|---|
| Promoter | 3 | 3 |
| FII | 0.17 | 0.07 |
| DII | 0.12 | 0.11 |
| Public | 0.71 | 0.82 |
| Others | 0 | 0 |
| Total | 4 | 4 |
Pros
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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