Shukra Jewellery Ltd - Stock Valuation and Financial Performance

BSE: 523790 | NSE: SHUKRADIAM | Diamond & Jewellery | Small Cap

Shukra Jewellery Share Price

6.66 -0.35 -4.99%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Shukra Jewellery

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Shukra Jewellery stock performance -

mw4me loader
P/E Ratio (SA):
31.06
Market Cap:
9 Cr.
52-wk low:
3.2
52-wk high:
11.6

Is Shukra Jewellery Ltd an attractive stock to invest in?

1. Is Shukra Jewellery Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shukra Jewellery Ltd is a below average quality company.

2. Is Shukra Jewellery Ltd undervalued or overvalued?

The key valuation ratios of Shukra Jewellery Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shukra Jewellery Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shukra Jewellery Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shukra Jewellery:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shukra Jewellery Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -0%0.9%0%0.4%1%0.9%1.2%0.8%0.2%-0.2%-
Value Creation
Index
-1.0-0.9-1.0-1.0-0.9-0.9-0.9-0.9-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 31.124.328.31836.71836.98.52.21.73
Sales YoY Gr.--21.9%16.5%-36.3%103.7%-51%105.2%-77%-74.2%-25%-
Adj EPS 00.2000.20.20.20.10-0.10.2
YoY Gr.-NA-100%NA1800%-15.8%25%-40%-75%-433.3%-
BVPS (₹) 27.926.326.325.525.626.726.92726.926.125.4
Adj Net
Profit
00.3000.30.20.30.20-0.10
Cash Flow from Ops. -0.2-0.1-3.3-6.9-1.74.524.61.2-0.2-2.1-
Debt/CF from Ops. -10.2-25.70-0.2-42.40.24.1-2.3-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -27.8%-46.2%-64.5%-25%
Adj EPS NA-188%-179.4%-433.3%
BVPS-0.7%0.3%-1%-3.1%
Share Price 19.2% -21.9% -19% 110.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-00.9-000.80.60.80.50.1-0.40.8
Op. Profit
Mgn %
0.11.51.22.61.8-2.72.16.47.4-3.311.8
Net Profit
Mgn %
-01.3-00.10.71.20.81.91.8-8.58.7
Debt to
Equity
0.10.1000.20.30.20.100-
Working Cap
Days
4225174789266021,4676242,0597,0268,922255
Cash Conv.
Cycle
2964004258043688412484471,3701,636141

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.80%

Sales growth has been subdued in last 3 years -64.51%

Net Profit has been subdued in last 3 years -179.37%

Sales growth is not so good in last 4 quarters at 1.28%

Latest Financials - Shukra Jewellery Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 0.2
TTM Sales (₹ Cr.) 3.3 2.7
BVPS (₹.) 25.4 26.4
Reserves (₹ Cr.) 21 22
P/BV 0.26 0.25
PE 31.06 44.09
From the Market
52 Week Low / High (₹) 3.15 / 11.62
All Time Low / High (₹) 0.78 / 80.00
Market Cap (₹ Cr.) 9
Equity (₹ Cr.) 13.6
Face Value (₹) 10
Industry PE 86.1

Management X-Ray of Shukra Jewellery:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shukra Jewellery

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales31.0824.2728.2818.0136.6917.9936.928.512.201.65
Operating Expenses 31.0623.9027.9517.5436.0318.4836.137.962.041.70
Manufacturing Costs0.010.020.060.096.5013.4929.600.180.130.06
Material Costs30.8323.5427.0616.4028.063.293.956.581.921.48
Employee Cost 0.110.160.360.480.570.520.250.160.110
Other Costs 0.110.170.470.570.901.172.331.04-0.110.16
Operating Profit 0.020.370.330.470.66-0.490.790.540.16-0.05
Operating Profit Margin (%) 0.1%1.5%1.2%2.6%1.8%-2.7%2.1%6.4%7.4%-3.3%
Other Income 0.010.010.0200.011.21000.050.22
Interest 00.010.020.190.140.230.330.250.040.09
Depreciation 00.360.300.250.190.140.110.080.070.06
Exceptional Items 0000000000
Profit Before Tax 0.020.020.030.030.340.360.350.210.110.02
Tax 0.02-0.310.020.020.090.120.070.050.040.02
Profit After Tax 00.330.010.010.260.230.280.160.070
PAT Margin (%) 0.0%1.3%0.0%0.0%0.7%1.3%0.7%1.9%3.2%0.0%
Adjusted EPS (₹)0.00.30.00.00.20.20.20.10.10.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 36.2334.1434.1533.0733.3134.6234.9035.0634.9633.88
Share Capital 12.9912.9912.9912.9912.9912.9912.9912.9912.9912.99
Reserves 23.2421.1521.1620.0820.3221.6321.9122.0721.9720.89
Minority Interest0000000000
Debt1.982.2101.276.6110.555.632.510.450.45
Long Term Debt0.27001.146.451.301.050.9100
Short Term Debt1.712.2100.130.159.254.581.600.450.45
Trade Payables2.1402.921.874.894.705.645.175.807.25
Others Liabilities 0.211.836.4217.7327.1629.277.434.930.800.51
Total Liabilities 40.5538.1843.4953.9471.9779.1453.5947.6842.0142.10

Fixed Assets

Gross Block5.152.752.842.872.882.882.882.882.932.93
Accumulated Depreciation0.981.341.651.902.082.232.332.422.492.54
Net Fixed Assets4.171.411.200.980.800.660.550.470.440.38
CWIP 0000000000
Investments 2.062.062.060.970.962.032.032.031.860.79
Inventories12.0423.5627.5440.6926.7342.281611.9811.8812.31
Trade Receivables12.956.4310.904.0721.980.383.621.461.191.68
Cash Equivalents 0.060.210.650.180.981.090.190.050.150.04
Others Assets9.284.511.137.0520.5332.6931.1931.7026.5026.90
Total Assets 40.5538.1843.4953.9471.9779.1453.5947.6842.0142.10

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.19-0.09-3.32-6.86-1.664.4924.611.22-0.20-2.05
PBT 0.020.020.030.030.340.360.350.210.110.02
Adjustment 00.360.300.310.290.340.400.330.110.14
Changes in Working Capital -0.2-0.46-3.65-7.19-2.223.8623.920.71-0.4-2.21
Tax Paid -0.02-0.01-0.01-0.01-0.07-0.07-0.05-0.03-0.020
Cash Flow From Investing Activity -0.04-0.02-0.09-1.03-13.16-12.141.03-0.414.882.02
Capex -0.04-0.02-0.09-0.03-0.01-0.0100-0.040
Net Investments 0000000000
Others 000-1-13.15-12.131.03-0.414.922.02
Cash Flow From Financing Activity 0.240.253.867.4115.627.76-26.55-0.96-4.57-0.09
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.03-0.250.2900-5.15-0.25000
Interest Paid 000-0.06-0.10-0.20-0.29-0.25-0.04-0.09
Dividend Paid 0000000000
Others 0.210.513.577.4715.7213.11-26-0.71-4.530
Net Cash Flow 00.150.44-0.470.800.11-0.91-0.140.11-0.11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.010.930.030.020.770.680.80.460.20
ROCE (%)0.060.060.130.651.311.381.61.150.390.31
Asset Turnover Ratio0.740.620.690.370.580.240.560.170.050.04
PAT to CFO Conversion(x)-INF-0.27-332-686-6.3819.5287.897.63-2.86INF
Working Capital Days
Receivable Days17814611215213022720109219317
Inventory Days1782683306913357002886001,9792,682
Payable Days4803953445324783001,0451,609

Shukra Jewellery Ltd Stock News

Shukra Jewellery Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shukra Jewellery on 28-Mar-2024 16:01 is ₹6.66.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Shukra Jewellery stood at ₹9.04.
The latest P/E ratio of Shukra Jewellery as of 28-Mar-2024 16:01 is 31.06.
The latest P/B ratio of Shukra Jewellery as of 28-Mar-2024 16:01 is 0.26.
The 52-week high of Shukra Jewellery is ₹11.62 and the 52-week low is ₹3.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shukra Jewellery is ₹3.29 ( Cr.) .

About Shukra Jewellery Ltd

Shukra Jewellery was incorporated on December, 13, 1991 as a public limited company and came out with a public issue on Feburary15, 1993. Earlier known as Shukra Diamond Exports, it acquired its present name with effect from August 23, 2006. The registered office of the company is located at Daman & Diu.

Shukra sells polished diamonds and 24 carat gold in the domestic as well as the export markets of Japan, Belgium, Switzerland, USA, Hong Kong, Thailand, and Singapore. The company is located at Daman in the Union Territory of Daman & Diu; the factory has capacity to cut and polish diamonds.

Associate Company:

Shukra Bullions is an associate company, which is in the process of setting up gold mountings manufacturing project at the SEZ near Surat.

Future Plans:

  • Shukra Jewellery is planning to enter into the retail segment by setting up independent jewellery shops in various cities across India.
  • It is also planning to participate/visit various jewellery shows in India and abroad.
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