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Swarnsarita Jewels

₹37.6 -2 | 5%

Market Cap ₹78 Cr.

Stock P/E 16.4

P/B 0.6

Current Price ₹37.6

Book Value ₹ 62.1

Face Value 10

52W High ₹65

Dividend Yield 0%

52W Low ₹ 23.1

Swarnsarita Jewels Research see more...

Overview Inc. Year: 1992Industry: Diamond & Jewellery

Swarnsarita Jewels India Limited is a distinguished player in the Indian jewelry industry, known for its exquisite range of gold and diamond ornaments. Established with a commitment to quality and craftsmanship, the company has successfully carved a niche for itself in the competitive jewelry market. Swarnsarita offers a diverse product lineup, including traditional and contemporary designs that cater to various customer preferences. The company emphasizes innovation and customer satisfaction, constantly evolving its designs to meet market trends. With a strong distribution network and presence in both domestic and international markets, Swarnsarita Jewels has gained recognition for its quality and ethical sourcing practices. Additionally, the company is committed to sustainable practices, ensuring that its operations have a minimal environmental impact. Overall, Swarnsarita Jewels India Limited continues to thrive as a trusted name in the jewelry sector, offering elegant and timeless pieces to its clientele.

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Swarnsarita Jewels Share Price

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Swarnsarita Jewels Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 207 269 211 152 194 200 204 171 155 230
Other Income 2 1 0 0 0 1 0 0 0 0
Total Income 209 270 211 152 194 201 204 172 155 230
Total Expenditure 204 264 214 146 185 200 201 170 145 227
Operating Profit 6 7 -2 6 10 1 3 2 10 3
Interest 2 3 1 2 2 2 3 2 2 2
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 4 4 -3 4 7 -1 0 0 8 1
Provision for Tax 1 1 -1 1 2 -0 0 0 2 0
Profit After Tax 3 3 -3 4 6 -1 0 0 6 1
Adjustments -0 0 0 0 0 -0 0 0 -0 0
Profit After Adjustments 3 3 -3 4 6 -1 0 0 6 1
Adjusted Earnings Per Share 1.3 1.4 -1.3 1.7 2.7 -0.5 0.1 0 3 0.4

Swarnsarita Jewels Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 170 240 322 287 486 549 559 576 842 840 770 760
Other Income 2 4 5 4 4 6 7 4 8 3 2 0
Total Income 172 244 326 290 491 555 566 580 849 843 771 761
Total Expenditure 168 236 317 281 480 542 553 565 832 827 756 743
Operating Profit 4 8 9 9 11 12 13 15 18 17 16 18
Interest 1 3 5 4 4 5 5 6 7 8 9 9
Depreciation 0 0 0 0 0 0 1 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 5 4 4 6 7 7 8 10 8 7 9
Provision for Tax 1 2 1 1 2 2 2 2 3 2 2 2
Profit After Tax 2 3 3 3 4 5 5 5 7 6 5 7
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 3 3 3 4 5 5 5 7 6 5 7
Adjusted Earnings Per Share 1 1.5 1.3 1.4 2.1 2.3 2.2 2.6 3.6 3 2.3 3.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% 10% 7% 16%
Operating Profit CAGR -6% 2% 6% 15%
PAT CAGR -17% 0% 0% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 16% 16% 30% 3%
ROE Average 4% 5% 5% 5%
ROCE Average 7% 7% 7% 6%

Swarnsarita Jewels Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 76 79 82 84 89 94 98 104 112 118 123
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 19 19 9
Other Non-Current Liabilities -0 -0 0 0 0 0 2 1 1 1 1
Total Current Liabilities 45 57 87 87 116 140 108 121 112 112 111
Total Liabilities 121 135 169 171 205 234 208 226 244 249 243
Fixed Assets 0 0 2 2 2 2 3 5 5 5 6
Other Non-Current Assets 0 -0 8 3 7 12 12 9 10 33 13
Total Current Assets 121 135 159 167 196 221 194 211 229 212 223
Total Assets 121 135 169 171 205 234 208 226 244 249 243

Swarnsarita Jewels Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 1 4 14 32 20 45 41 19 32 44 41
Cash Flow from Operating Activities -13 -29 1 -17 -2 -26 13 6 8 9 5
Cash Flow from Investing Activities 1 2 -4 5 5 2 1 -1 2 1 -1
Cash Flow from Financing Activities 16 37 21 0 22 20 -35 7 2 -13 -22
Net Cash Inflow / Outflow 3 10 18 -12 25 -4 -21 13 12 -3 -18
Closing Cash & Cash Equivalent 4 14 32 20 45 41 19 32 44 41 23

Swarnsarita Jewels Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 1 1.54 1.3 1.39 2.08 2.3 2.17 2.63 3.6 3.02 2.3
CEPS(Rs) 1.04 1.6 1.37 1.49 2.18 2.4 2.59 2.83 3.73 3.16 2.45
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 36.28 37.81 39.15 40.55 42.63 44.93 47.1 49.88 53.53 56.52 58.86
Core EBITDA Margin(%) 1.15 1.86 1.41 1.85 1.34 1.16 1.14 1.84 1.19 1.59 1.82
EBIT Margin(%) 2.31 3.38 2.9 3.02 2.19 2.23 2.2 2.49 2.05 1.93 1.98
Pre Tax Margin(%) 1.53 1.96 1.21 1.47 1.33 1.31 1.23 1.38 1.22 1 0.86
PAT Margin (%) 1.22 1.34 0.84 1.01 0.89 0.87 0.81 0.95 0.89 0.75 0.62
Cash Profit Margin (%) 1.27 1.39 0.89 1.09 0.93 0.91 0.97 1.02 0.92 0.78 0.66
ROA(%) 2.02 2.5 1.78 1.7 2.3 2.18 2.05 2.52 3.19 2.55 1.95
ROE(%) 2.79 4.15 3.37 3.48 5 5.25 4.72 5.42 6.96 5.49 3.99
ROCE(%) 4.79 7.45 6.58 5.41 5.93 5.85 5.82 6.82 7.55 6.82 6.5
Receivable days 63.5 62.47 48.22 58.35 36.33 38.73 43.24 50.04 37.99 35.16 38.73
Inventory Days 90.51 74.92 69.26 98.09 65.64 66.67 70.26 60.11 39.65 44.89 52.19
Payable days 42.63 27.37 8.76 8.64 2.32 2.24 2.08 1.22 0.88 2.29 3.58
PER(x) 38.82 18.72 15.05 15.92 7.93 5.3 3.19 5 6.27 5.66 13.97
Price/Book(x) 1.07 0.76 0.5 0.55 0.39 0.27 0.15 0.26 0.42 0.3 0.55
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.54 0.39 0.26 0.37 0.2 0.21 0.17 0.19 0.15 0.16 0.2
EV/Core EBITDA(x) 22.82 11.45 8.79 11.85 8.76 9.3 7.3 7.62 7.36 8.37 9.94
Net Sales Growth(%) 8.55 40.99 33.92 -10.86 69.69 12.85 1.88 2.96 46.2 -0.21 -8.36
EBIT Growth(%) 93.09 106.45 14.99 -7.13 22.7 15.19 0.68 16.17 20.74 -6.13 -6.06
PAT Growth(%) 30.92 54.16 -15.78 7.1 49.91 10.55 -5.56 20.96 36.93 -16.08 -23.82
EPS Growth(%) 30.93 54.15 -15.78 7.11 49.91 10.54 -5.56 20.96 36.93 -16.08 -23.82
Debt/Equity(x) 0.2 0.61 0.92 0.94 1.19 1.4 1.03 1.12 1.13 1.03 0.88
Current Ratio(x) 2.66 2.39 1.83 1.92 1.69 1.58 1.79 1.74 2.04 1.88 2.01
Quick Ratio(x) 1.7 1.42 1.05 0.92 0.93 0.77 0.84 1.02 1.19 0.9 1.03
Interest Cover(x) 2.96 2.38 1.71 1.95 2.55 2.43 2.27 2.24 2.48 2.08 1.77
Total Debt/Mcap(x) 0.19 0.81 1.84 1.72 3.06 5.14 6.98 4.26 2.68 3.39 1.61

Swarnsarita Jewels Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 52.03 52.03 52.03 52.03 52.03 52.03 52.03 52.03 52.03 52.03
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 47.97 47.97 47.97 47.97 47.97 47.97 47.97 47.97 47.97 47.97
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.6 times its book value
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 2.29 to 3.58days.

* 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.

Swarnsarita Jewels News

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