Sovereign Diamonds Ltd - Stock Valuation and Financial Performance

BSE: 523826 | NSE: | Diamond & Jewellery | Small Cap

Sovereign Diamonds Share Price

26.57 -1.77 -6.25%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Sovereign Diamonds

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Sovereign Diamonds stock performance -

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P/E Ratio (SA):
11.45
Market Cap:
16.4 Cr.
52-wk low:
20
52-wk high:
37.8

Is Sovereign Diamonds Ltd an attractive stock to invest in?

1. Is Sovereign Diamonds Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sovereign Diamonds Ltd is a average quality company.

2. Is Sovereign Diamonds Ltd undervalued or overvalued?

The key valuation ratios of Sovereign Diamonds Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Sovereign Diamonds Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sovereign Diamonds 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 Sovereign Diamonds:

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.
Sovereign Diamonds Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.1%13%9.6%8.8%7.7%5.3%3.7%-2.9%8%8.3%-
Value Creation
Index
-0.3-0.1-0.3-0.4-0.5-0.6-0.7-1.2-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 40.160.153.245.23740.332.41522.927.826
Sales YoY Gr.-50.1%-11.5%-15.1%-18.1%8.7%-19.4%-53.9%53%21.4%-
Adj EPS 1.83.22.11.81.40.50-2.52.32.42.5
YoY Gr.-73.6%-33.9%-12.9%-20.9%-66.7%-95.8%-12550%NA4.3%-
BVPS (₹) 1618.92122.724.124.624.722.124.426.828.6
Adj Net
Profit
1.11.81.21.10.80.30-1.41.41.41
Cash Flow from Ops. 1.704.23.61.74.81.9310.6-
Debt/CF from Ops. 8.56459.43.63.98.42.56.24.111.420.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -4%-5.6%-5%21.4%
Adj EPS 3.3%11.1%396%4.3%
BVPS5.9%2.1%2.9%10%
Share Price 13.8% 36% 63.7% 18.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.118.210.58.36.120.1-10.710.19.59
Op. Profit
Mgn %
9.28.88.18.79.26.44.3-3.89.18.414
Net Profit
Mgn %
2.632.32.32.30.70-9.65.95.15.4
Debt to
Equity
1.61.51.31.110.80.80.90.80.8-
Working Cap
Days
217188235232260249328634373347185
Cash Conv.
Cycle
18413816819324421925852933130283

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.00%

Net Profit is growing at healthy rate in last 3 years 395.97%

Debt to equity has declined versus last 3 years average to 0.82

Sales growth has been subdued in last 3 years -5.00%

Sales growth is not so good in last 4 quarters at 4.12%

Latest Financials - Sovereign Diamonds Ltd.

Standalone Consolidated
TTM EPS (₹) 2.5 -
TTM Sales (₹ Cr.) 26.5 -
BVPS (₹.) 28.6 -
Reserves (₹ Cr.) 11 -
P/BV 0.99 -
PE 11.45 -
From the Market
52 Week Low / High (₹) 20.00 / 37.79
All Time Low / High (₹) 1.00 / 37.79
Market Cap (₹ Cr.) 16.4
Equity (₹ Cr.) 5.8
Face Value (₹) 10
Industry PE 85

Management X-Ray of Sovereign Diamonds:

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 Sovereign Diamonds

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
Sales40.0660.1453.2145.2037.0240.2532.4414.9722.9127.81
Operating Expenses 36.4454.8748.8941.2933.6237.6931.0415.6120.8525.47
Manufacturing Costs0.501.051.080.590.560.660.430.360.600.58
Material Costs32.4549.4442.8336.0728.7932.6826.3712.9016.7620.55
Employee Cost 1.501.872.432.011.571.661.580.941.331.54
Other Costs 1.992.502.552.622.702.702.661.412.172.80
Operating Profit 3.625.274.333.913.402.571.40-0.642.062.33
Operating Profit Margin (%) 9.0%8.8%8.1%8.6%9.2%6.4%4.3%-4.3%9.0%8.4%
Other Income 0.190.030.020.010.0600.480.630.661.26
Interest 1.802.142.051.921.831.661.3510.921.17
Depreciation 0.440.370.450.480.530.500.460.450.490.49
Exceptional Items 0000000000
Profit Before Tax 1.572.791.841.511.100.400.07-1.461.311.93
Tax 0.550.940.630.480.260.130.040.03-0.030.52
Profit After Tax 1.021.851.211.030.840.280.04-1.491.331.41
PAT Margin (%) 2.5%3.1%2.3%2.3%2.3%0.7%0.1%-9.9%5.8%5.1%
Adjusted EPS (₹)1.83.22.11.81.50.50.1-2.62.32.4
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 9.2410.9412.1513.1313.9714.2314.2712.7914.1215.53
Share Capital 5.795.795.795.795.795.795.795.795.795.79
Reserves 3.455.156.367.348.188.448.4878.339.74
Minority Interest0000000000
Debt14.3016.7915.3313.9914.1711.9011.9812.0811.3212.65
Long Term Debt0.470.300.120.110.05002.051.210.40
Short Term Debt13.8316.4915.2213.8814.1211.9011.9810.0310.1112.25
Trade Payables2.629.164.070.520.864.446.511.342.442.47
Others Liabilities 1.452.453.111.500.120.510.630.630.821.38
Total Liabilities 27.6139.3434.6729.1429.1231.0733.3826.8428.6932.02

Fixed Assets

Gross Block7.305.806.646.976.767.407.487.086.867.72
Accumulated Depreciation4.743.233.684.124.334.564.183.433.253.64
Net Fixed Assets2.562.572.962.852.432.833.303.653.614.09
CWIP 000000000.140
Investments 0000000000
Inventories11.2415.5513.3717.7820.8519.7619.8317.5417.6418.83
Trade Receivables12.5419.0415.407.115.428.079.883.926.628.26
Cash Equivalents 0.020.010.010.010.030.070.011.280.040.04
Others Assets1.262.172.941.390.390.330.360.450.640.81
Total Assets 27.6139.3434.6729.1429.1231.0733.3826.8428.6932.02

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.6904.233.611.694.791.942.980.990.62
PBT 1.572.791.841.511.050.400.07-1.461.311.93
Adjustment 2.132.352.392.392.312.061.621.471.371.62
Changes in Working Capital -1.53-4.270.840.26-1.22.350.443.1-1.54-2.77
Tax Paid -0.50-0.86-0.84-0.55-0.47-0.03-0.19-0.13-0.14-0.16
Cash Flow From Investing Activity -0.54-0.50-0.81-0.40-0.11-0.90-0.89-0.84-0.59-0.82
Capex -0.54-0.50-0.84-0.41-0.12-0.90-0.89-0.84-0.59-0.83
Net Investments 0000000000
Others 00.010.020.010.0100000.01
Cash Flow From Financing Activity -1.750.49-3.42-3.20-1.56-3.85-1.11-0.87-1.650.20
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.06-0.16-0.190.07-0.06-0.0502.05-0.97-0.80
Interest Paid -1.69-2.01-1.96-1.86-1.74-1.58-1.20-0.96-0.88-1.14
Dividend Paid 0000000000
Others -0.122.66-1.28-1.420.24-2.220.09-1.950.202.14
Net Cash Flow -0.60-0.0100.010.020.04-0.051.27-1.250
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.6518.3310.498.136.171.970.25-119.919.52
ROCE (%)14.6319.2214.1212.5610.627.625.42-1.88.8511.57
Asset Turnover Ratio1.51.81.441.431.271.341.010.50.830.92
PAT to CFO Conversion(x)1.6603.53.52.0117.1148.5N/A0.740.44
Working Capital Days
Receivable Days104961189062611011688498
Inventory Days1048199125190184223456280239
Payable Days27445623930761114144

Sovereign Diamonds Ltd Stock News

Sovereign Diamonds Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sovereign Diamonds on 28-Mar-2024 16:01 is ₹26.57.
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 Sovereign Diamonds stood at ₹16.40.
The latest P/E ratio of Sovereign Diamonds as of 28-Mar-2024 16:01 is 11.45.
The latest P/B ratio of Sovereign Diamonds as of 28-Mar-2024 16:01 is 0.99.
The 52-week high of Sovereign Diamonds is ₹37.79 and the 52-week low is ₹20.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sovereign Diamonds is ₹26.48 ( Cr.) .

About Sovereign Diamonds Ltd

Sovereign Diamonds Limited, incorporated in the year 1974, is a public limited company domiciled in India with its registered office located at Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai. The Company is listed on the Bombay Stock Exchange (BSE).

Business area of the company

The company is engaged in manufacturing, selling of Gold Jewellery, Diamond studded Jewellery and silver item.

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