WEBSITE BSE:544391 NSE: RETAGGIO Inc. Year: 2022 Industry: Diamond & Jewellery My Bucket: Add Stock
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Please note: As specific financial data, operational details, and strategic initiatives for Retaggio Industries Ltd. are not provided, this overview is based on general characteristics and industry trends for a Diamond & Jewellery company operating in India.
Retaggio Industries Ltd.
Ticker: RETAGGIO
Country: India
Sector: Diamond & Jewellery
Industry: Diamond & Jewellery
1. Business Overview
Retaggio Industries Ltd. is engaged in the Diamond & Jewellery sector in India. Its core business likely involves the sourcing, cutting, polishing, designing, manufacturing, and marketing of diamonds and a variety of jewellery products. This could encompass both loose polished diamonds and finished jewellery items, including gold jewellery, diamond-studded jewellery, and potentially other precious metals or gemstones. The company's business model could be B2B (wholesale to other jewellers, exporters) or B2C (through its own retail stores, franchise network, or online channels), or a combination of both. It makes money by adding value at various stages of the supply chain, from processing raw materials (rough diamonds, gold) to creating and selling finished products at a margin.
2. Key Segments / Revenue Mix
Without specific company data, typical revenue segments for an Indian Diamond & Jewellery company often include:
Polished Diamonds: Sales of loose, finished diamonds to other manufacturers or retailers.
Diamond Jewellery: Design, manufacturing, and sale of jewellery studded with diamonds.
Gold Jewellery: Design, manufacturing, and sale of plain gold jewellery.
Other Jewellery/Services: Could include silver jewellery, platinum jewellery, precious gemstone jewellery, or related services.
The precise contribution of each segment for Retaggio Industries Ltd. would depend on its strategic focus (e.g., more diamond-centric, or a broader jewellery house).
3. Industry & Positioning
The Indian Diamond & Jewellery industry is vast, comprising both highly organized players and a significant number of unorganized, smaller entities. India is a global hub for diamond cutting and polishing and has a strong domestic jewellery market driven by cultural significance (weddings, festivals), investment demand, and rising disposable incomes. Globally, India is a key exporter of polished diamonds and finished jewellery. Retaggio Industries Ltd.'s positioning within this industry would depend on its scale, brand recognition, product specialization (e.g., luxury, mass-market, specific designs), and distribution network (national vs. regional, B2B vs. B2C focus). Without specific data, it could be a large integrated player with strong brand presence, a specialized manufacturer focusing on specific types of diamonds or jewellery, or a significant B2B supplier.
4. Competitive Advantage (Moat)
Potential competitive advantages for Retaggio Industries Ltd. could include:
Brand Recognition & Trust: A strong, reputable brand (especially for B2C) built on quality, authenticity, and design can foster customer loyalty in a high-value product category. The name "Retaggio" implies heritage, which could be a brand strength.
Scale & Vertical Integration: For large players, integration across the value chain (from rough diamond sourcing to retail) can lead to cost efficiencies, quality control, and quicker time-to-market.
Design & Craftsmanship: Unique, innovative designs and superior craftsmanship can differentiate products and command premium pricing.
Distribution Network: An extensive retail footprint or strong B2B relationships can provide significant market reach.
Ethical Sourcing & Certifications: A commitment to transparent and ethical sourcing practices (e.g., Kimberley Process compliance for diamonds) can build consumer confidence and meet global standards.
The specific moats for Retaggio would depend on its operational details and market strategy.
5. Growth Drivers
Key factors that can drive growth for Retaggio Industries Ltd. include:
Rising Disposable Incomes: Growth in India's middle class and increasing affluence drives demand for discretionary purchases like jewellery.
Urbanization & Changing Lifestyles: Increasing preference for branded, fashionable, and contemporary jewellery designs.
Shift to Organized Retail: Consumers are increasingly migrating from unorganized local jewellers to trusted organized players offering certified products and transparent pricing.
E-commerce & Omnichannel Strategy: Expanding digital presence and integrating online and offline sales channels to reach a wider customer base.
Wedding & Festive Seasons: Continued strong demand during key cultural events and festivals in India.
Export Opportunities: Leveraging India's position as a global manufacturing hub for diamonds and jewellery to tap international markets.
6. Risks
Commodity Price Volatility: Fluctuations in the prices of gold, rough diamonds, and other precious metals can impact raw material costs and profitability.
Economic Slowdown: A downturn in the domestic or global economy can reduce discretionary consumer spending on jewellery.
Regulatory Changes: Changes in import/export duties, taxation (e.g., GST rates), hallmarking norms, anti-money laundering regulations, and environmental standards can affect operations and costs.
Intense Competition: The industry is highly competitive with numerous organized and unorganized players vying for market share.
Supply Chain Disruptions: Geopolitical events, trade restrictions, or issues in key diamond mining regions can disrupt rough diamond supply.
Reputational Risk: Concerns around ethical sourcing, "blood diamonds," or the rise of lab-grown diamonds can impact consumer perception and demand for natural diamonds.
Forex Fluctuations: As raw materials are often imported and finished goods exported, currency exchange rate volatility can affect margins.
7. Management & Ownership
In India's Diamond & Jewellery sector, many established companies are promoter-driven, often with a family holding a significant ownership stake and playing a key role in management. For Retaggio Industries Ltd., it is likely to have a promoter group that has built the business over time, possibly with deep industry experience and relationships. Management quality would be assessed based on their ability to navigate market cycles, innovate in design, build strong brands, maintain operational efficiencies, ensure ethical practices, and adapt to evolving consumer preferences and regulatory landscapes. The ownership structure would likely reflect a significant promoter holding, potentially with institutional and public shareholding if the company is listed and widely traded.
8. Outlook
Retaggio Industries Ltd. operates in a sector with inherent long-term growth drivers, particularly within India, fueled by cultural demand, rising incomes, and the ongoing shift from unorganized to organized retail. The global demand for Indian polished diamonds and jewellery also presents export opportunities. However, the company faces significant challenges, including the inherent volatility of commodity prices (gold, diamonds), intense competition from both domestic and international players, and evolving regulatory environments. Success will likely depend on its ability to build and sustain a strong, trusted brand, innovate in product design and manufacturing, optimize its supply chain, expand its distribution channels (including digital), and rigorously adhere to ethical sourcing and transparent business practices. The outlook is balanced, with robust growth potential tempered by commodity price risks and competitive pressures.
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Market Cap ₹106 Cr.
Stock P/E 43.5
P/B 2.4
Current Price ₹68
Book Value ₹ 28.2
Face Value 10
52W High ₹72.7
Dividend Yield 0%
52W Low ₹ 18
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2025 | Mar 2026 |
|---|---|---|
| Net Sales | 11 | 51 |
| Other Income | 0 | 0 |
| Total Income | 11 | 51 |
| Total Expenditure | 13 | 45 |
| Operating Profit | -1 | 6 |
| Interest | 0 | 1 |
| Depreciation | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 |
| Profit Before Tax | -1 | 6 |
| Provision for Tax | 0 | 1 |
| Profit After Tax | -1 | 5 |
| Adjustments | 0 | -0 |
| Profit After Adjustments | -1 | 5 |
| Adjusted Earnings Per Share | -1.5 | 2.6 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 0 | 23 | 23 | 23 | 62 |
| Other Income | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 23 | 23 | 23 | 62 |
| Total Expenditure | 0 | 19 | 18 | 19 | 58 |
| Operating Profit | -0 | 4 | 5 | 4 | 5 |
| Interest | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | 4 | 4 | 3 | 5 |
| Provision for Tax | 0 | 1 | 1 | 0 | 1 |
| Profit After Tax | -0 | 3 | 3 | 2 | 4 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | 3 | 3 | 2 | 4 |
| Adjusted Earnings Per Share | -0.4 | 3.3 | 3.6 | 2.6 | 1.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | -20% | 0% | 0% | 0% |
| PAT CAGR | -33% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 237% | NA% | NA% | NA% |
| ROE Average | 12% | 24% | 15% | 15% |
| ROCE Average | 13% | 21% | 12% | 12% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 0 | 15 | 19 | 21 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 3 | 1 | 3 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 10 | 13 | 15 |
| Total Liabilities | 0 | 27 | 33 | 39 |
| Fixed Assets | 0 | 1 | 2 | 2 |
| Other Non-Current Assets | 0 | 0 | 3 | 3 |
| Total Current Assets | 0 | 27 | 28 | 33 |
| Total Assets | 0 | 27 | 33 | 39 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 1 |
| Cash Flow from Operating Activities | -0 | -22 | 7 | 1 |
| Cash Flow from Investing Activities | 0 | -1 | -5 | -0 |
| Cash Flow from Financing Activities | 0 | 23 | -1 | -1 |
| Net Cash Inflow / Outflow | 0 | 0 | 1 | -1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 1 | 0 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.43 | 3.3 | 3.64 | 2.6 |
| CEPS(Rs) | -0.43 | 3.32 | 3.72 | 2.68 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 2.91 | 16.3 | 19.85 | 22.45 |
| Core EBITDA Margin(%) | 0 | 18.03 | 22.45 | 17.21 |
| EBIT Margin(%) | 0 | 17.96 | 22.13 | 16.88 |
| Pre Tax Margin(%) | 0 | 16.18 | 17.33 | 12.18 |
| PAT Margin (%) | 0 | 13.4 | 14.65 | 10.36 |
| Cash Profit Margin (%) | 0 | 13.47 | 14.97 | 10.68 |
| ROA(%) | -12.83 | 22.54 | 11.21 | 6.76 |
| ROE(%) | -14.68 | 40.36 | 20.14 | 12.28 |
| ROCE(%) | -14.45 | 31.62 | 18.35 | 12.62 |
| Receivable days | 0 | 120.79 | 151.14 | 148.27 |
| Inventory Days | 0 | 132.68 | 217.79 | 279.26 |
| Payable days | 0 | 2.6 | 5.15 | 27.47 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0 | 0.88 | 0.87 | 0.9 |
| EV/Core EBITDA(x) | -7.79 | 4.87 | 3.87 | 5.23 |
| Net Sales Growth(%) | 0 | 0 | 0.92 | 0.92 |
| EBIT Growth(%) | 0 | 0 | 24.34 | -23.03 |
| PAT Growth(%) | 0 | 0 | 10.35 | -28.65 |
| EPS Growth(%) | 0 | 873.04 | 10.34 | -28.65 |
| Debt/Equity(x) | 0 | 0.71 | 0.61 | 0.56 |
| Current Ratio(x) | 7.92 | 2.8 | 2.07 | 2.21 |
| Quick Ratio(x) | 7.92 | 1.92 | 0.63 | 1.1 |
| Interest Cover(x) | -63 | 10.04 | 4.6 | 3.59 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Promoter | 99.99 | 60.18 | 51.56 |
| FII | 0 | 1.39 | 0 |
| DII | 0 | 0 | 0 |
| Public | 0.01 | 38.43 | 48.44 |
| Others | 0 | 0 | 0 |
| Total | 100 | 100 | 100 |
| # | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Promoter | 0.94 | 0.94 | 0.94 |
| FII | 0 | 0.02 | 0 |
| DII | 0 | 0 | 0 |
| Public | 0 | 0.6 | 0.88 |
| Others | 0 | 0 | 0 |
| Total | 0.94 | 1.56 | 1.82 |
* The pros and cons are machine generated.
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