WEBSITE BSE:0 NSE: Inc. Year: 2007 Industry: Diamond & Jewellery My Bucket: Add Stock
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1. Business Overview
Utssav CZ Gold Jewels Ltd. operates in the Diamond & Jewellery sector in India. Its core business involves the manufacturing, trading, and retailing of gold and diamond jewelry. The company generates revenue by designing, sourcing, producing, and selling a range of jewelry products directly to consumers through its retail channels, and potentially through wholesale or B2B channels. This includes traditional gold ornaments, contemporary diamond pieces, and other precious metal jewelry.
2. Key Segments / Revenue Mix
Specific details regarding Utssav CZ Gold Jewels Ltd.'s major business segments or revenue mix are not publicly available. Generally, companies in this industry might differentiate segments by type of metal (gold, platinum), type of stone (diamond, colored gemstones), product category (rings, necklaces, bangles), or sales channel (retail, wholesale, online).
3. Industry & Positioning
The Indian Diamond & Jewellery industry is one of the largest globally, characterized by a mix of highly organized national and regional players, and a vast unorganized sector. It is driven by cultural significance, festive demand, and rising disposable incomes. Utssav CZ Gold Jewels Ltd. operates within this competitive landscape, likely contending with a wide array of jewelers ranging from local independent shops to established national chains. Without specific market share or store count data, its exact positioning relative to larger peers cannot be precisely determined, but it operates as a player in this diverse market.
4. Competitive Advantage (Moat)
Based on the limited information, it is challenging to identify specific, durable competitive advantages (moats) for Utssav CZ Gold Jewels Ltd. In the jewelry industry, potential moats can include a strong, trusted brand built over decades, unique design capabilities, extensive retail network, efficient supply chain management, customer loyalty programs, or specialized craftsmanship. Without further details, it is difficult to ascertain if Utssav possesses any of these characteristics to a significant degree that would grant it a sustainable edge.
5. Growth Drivers
Key factors that could drive growth for Utssav CZ Gold Jewels Ltd. over the next 3-5 years include:
Rising Disposable Incomes: Increasing affluence in India fuels discretionary spending on luxury goods like jewelry.
Cultural Significance: Gold and jewelry hold deep cultural and traditional value in India, ensuring sustained demand for festivals, weddings, and investments.
Urbanization and Organized Sector Shift: Growth in urban centers and a gradual shift from the unorganized to the organized retail jewelry sector can benefit established players.
Product Innovation: Introduction of new designs, lighter jewelry, or customizable options to cater to evolving consumer tastes.
E-commerce Expansion: Leveraging online sales channels to reach a wider customer base beyond physical stores.
6. Risks
Utssav CZ Gold Jewels Ltd. faces several business risks:
Commodity Price Volatility: Significant fluctuations in gold and diamond prices can impact raw material costs, inventory valuation, and profitability.
Economic Downturn: Jewelry is a discretionary expense, making demand sensitive to economic slowdowns or reduced consumer confidence.
Intense Competition: The highly fragmented and competitive nature of the Indian jewelry market can lead to pricing pressures and margin erosion.
Regulatory Changes: Changes in government policies, import duties, taxation (e.g., GST), or hallmarking regulations can affect operations and profitability.
Changing Consumer Preferences: Shifting tastes towards alternative investments or other luxury goods, or demand for lighter, more modern designs, could impact sales of traditional jewelry.
Supply Chain Disruptions: Issues in sourcing raw materials (gold, diamonds) or manufacturing can impact production and delivery.
7. Management & Ownership
Specific information regarding the promoters, management team's experience, or the company's detailed ownership structure (e.g., promoter holding, institutional vs. public holding) is not provided. In India, many companies in this sector are promoter-led, where the founding family or individuals retain significant control and play a direct role in management.
8. Outlook
Utssav CZ Gold Jewels Ltd. operates in a sector with inherent growth drivers, particularly in the Indian market where jewelry demand is underpinned by cultural significance and growing economic prosperity. The bull case hinges on the company's ability to capitalize on increasing disposable incomes, leverage its retail presence (if any specific one exists), innovate in design, and potentially gain market share from the unorganized sector. However, the bear case involves significant risks, including the inherent volatility of gold and diamond prices, intense competition from both organized and unorganized players, and the sensitivity of discretionary spending to economic cycles. The ability to manage these external factors, maintain consumer trust, and differentiate its offerings will be crucial for its sustained performance.
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Market Cap ₹602 Cr.
Stock P/E 24
P/B 4.6
Current Price ₹252.9
Book Value ₹ 55.5
Face Value 10
52W High ₹281
Dividend Yield 0%
52W Low ₹ 160.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|
| Net Sales | 120 | 123 | 238 | 340 | 646 | |
| Other Income | 0 | 0 | 2 | 2 | 1 | |
| Total Income | 120 | 123 | 240 | 342 | 648 | |
| Total Expenditure | 117 | 117 | 226 | 319 | 607 | |
| Operating Profit | 4 | 7 | 14 | 23 | 40 | |
| Interest | 1 | 2 | 4 | 5 | 6 | |
| Depreciation | 0 | 0 | 1 | 1 | 1 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 2 | 4 | 10 | 17 | 33 | |
| Provision for Tax | 1 | 1 | 2 | 4 | 8 | |
| Profit After Tax | 2 | 3 | 7 | 13 | 25 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 2 | 3 | 7 | 13 | 25 | |
| Adjusted Earnings Per Share | 1 | 2 | 4.3 | 7.6 | 10.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 90% | 74% | 0% | 0% |
| Operating Profit CAGR | 74% | 79% | 0% | 0% |
| PAT CAGR | 92% | 103% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -6% | NA% | NA% | NA% |
| ROE Average | 31% | 38% | 30% | 30% |
| ROCE Average | 21% | 23% | 18% | 18% |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Shareholder's Funds | 12 | 15 | 22 | 35 | 127 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 16 | 12 | 10 | 5 | 10 |
| Other Non-Current Liabilities | 0 | 0 | -0 | 0 | 0 |
| Total Current Liabilities | 17 | 29 | 50 | 81 | 132 |
| Total Liabilities | 44 | 56 | 82 | 121 | 269 |
| Fixed Assets | 9 | 10 | 10 | 12 | 8 |
| Other Non-Current Assets | 0 | 1 | 1 | 1 | 1 |
| Total Current Assets | 35 | 45 | 72 | 109 | 261 |
| Total Assets | 44 | 56 | 82 | 121 | 269 |
| #(Fig in Cr.) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 0 | 25 |
| Cash Flow from Operating Activities | -14 | -2 | -12 | 7 | -89 |
| Cash Flow from Investing Activities | 0 | -2 | 1 | -1 | 3 |
| Cash Flow from Financing Activities | 14 | 4 | 10 | 19 | 118 |
| Net Cash Inflow / Outflow | -0 | 0 | 0 | 24 | 32 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 25 | 56 |
| # | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.96 | 1.99 | 4.26 | 7.65 | 10.52 |
| CEPS(Rs) | 1.15 | 2.25 | 4.59 | 8 | 10.99 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 7 | 8.98 | 13.32 | 20.96 | 53.23 |
| Core EBITDA Margin(%) | 2.94 | 5.27 | 5.19 | 6.25 | 6.03 |
| EBIT Margin(%) | 2.74 | 5.02 | 5.6 | 6.56 | 6.07 |
| Pre Tax Margin(%) | 1.83 | 3.41 | 4.03 | 5.05 | 5.11 |
| PAT Margin (%) | 1.35 | 2.71 | 3 | 3.78 | 3.88 |
| Cash Profit Margin (%) | 1.61 | 3.06 | 3.23 | 3.95 | 4.05 |
| ROA(%) | 3.67 | 6.67 | 10.37 | 12.66 | 12.83 |
| ROE(%) | 13.77 | 24.88 | 38.17 | 44.62 | 30.94 |
| ROCE(%) | 7.87 | 13.31 | 21.65 | 24.77 | 21.48 |
| Receivable days | 65.22 | 65.4 | 41.57 | 47.41 | 46.88 |
| Inventory Days | 30.83 | 43.57 | 33.2 | 24.55 | 29.88 |
| Payable days | 1.01 | 0.89 | 0.39 | 0.21 | 0.66 |
| PER(x) | 0 | 0 | 0 | 0 | 19.01 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 3.76 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.29 | 0.33 | 0.23 | 0.19 | 0.85 |
| EV/Core EBITDA(x) | 9.49 | 6.06 | 3.86 | 2.84 | 13.65 |
| Net Sales Growth(%) | 0 | 2.55 | 93.18 | 42.83 | 89.98 |
| EBIT Growth(%) | 0 | 87.62 | 115.34 | 67.35 | 75.78 |
| PAT Growth(%) | 0 | 106.31 | 114.09 | 79.7 | 95.05 |
| EPS Growth(%) | 0 | 106.31 | 114.09 | 79.7 | 37.58 |
| Debt/Equity(x) | 2.57 | 2.39 | 2.22 | 2.07 | 1.03 |
| Current Ratio(x) | 2.09 | 1.58 | 1.44 | 1.35 | 1.97 |
| Quick Ratio(x) | 1.48 | 0.91 | 0.96 | 1.08 | 1.33 |
| Interest Cover(x) | 3 | 3.12 | 3.58 | 4.34 | 6.33 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.27 |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 70.52 | 70.54 | 69.57 | 70.3 |
| FII | 2.98 | 1.34 | 0.64 | 0.36 |
| DII | 0.41 | 0 | 0 | 0 |
| Public | 26.1 | 28.12 | 29.79 | 29.33 |
| Others | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 |
| # | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Promoter | 1.68 | 1.68 | 1.68 | 1.7 |
| FII | 0.07 | 0.03 | 0.02 | 0.01 |
| DII | 0.01 | 0 | 0 | 0 |
| Public | 0.62 | 0.67 | 0.72 | 0.71 |
| Others | 0 | 0 | 0 | 0 |
| Total | 2.38 | 2.38 | 2.41 | 2.41 |
* The pros and cons are machine generated.
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