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Utssav CZ Gold Jewel Overview

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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Utssav CZ Gold Jewel Key Financials

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

Utssav CZ Gold Jewel Share Price

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Volume
Price

Utssav CZ Gold Jewel Quarterly Price

Show Value Show %

Utssav CZ Gold Jewel Peer Comparison

Utssav CZ Gold Jewel Quarterly Results

#(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

Utssav CZ Gold Jewel Profit & Loss

#(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

Growth Rates

# 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%

Utssav CZ Gold Jewel Balance Sheet

#(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

Utssav CZ Gold Jewel Cash Flow

#(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

Utssav CZ Gold Jewel Ratios

# 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

Utssav CZ Gold Jewel Shareholding Pattern

# 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

Utssav CZ Gold Jewel News

Utssav CZ Gold Jewel Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 38%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 0.21 to 0.66days.
  • Stock is trading at 4.6 times its book value.
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