Dev Labtech Venture Ltd - Stock Valuation and Financial Performance

BSE: 543848 | NSE: | Diamond & Jewellery | Small Cap

Dev Labtech Venture Share Price

78.80 -0.70 -0.88%
as on 04-Dec'24 16:59

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Dev Labtech Venture stock performance -

mw4me loader
P/E Ratio (SA):
60.76
Market Cap:
81.5 Cr.
52-wk low:
69.1
52-wk high:
136.9

Is Dev Labtech Venture Ltd an attractive stock to invest in?

1. Is Dev Labtech Venture Ltd a good quality company?

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

2. Is Dev Labtech Venture Ltd undervalued or overvalued?

The key valuation ratios of Dev Labtech Venture Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Dev Labtech Venture Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dev Labtech Venture 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 Dev Labtech Venture:

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.
Dev Labtech Venture 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'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.6%6.8%22.5%13%8.3%-
Value Creation
Index
-0.5-0.50.6-0.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11.812.22730.343.243
Sales YoY Gr.-3.8%120.4%12.5%42.5%-
Adj EPS 001.11.11.61.3
YoY Gr.-NA2550%3.8%47.3%-
BVPS (₹) 3.73.85.222.824.432
Adj Net
Profit
000.40.91.31
Cash Flow from Ops. 0.3-0.10.2-5.7-9.3-
Debt/CF from Ops. 5.2-22.66.9-0.2-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA52.3%42.5%
Adj EPS NANA243.4%47.3%
BVPSNANA86.3%7%
Share Price - - - 2.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0123.68.764.6
Op. Profit
Mgn %
3.22.32.66.36.7NAN
Net Profit
Mgn %
00.11.533.13.1
Debt to
Equity
1.11.20.60.10.1-
Working Cap
Days
0182971321570
Cash Conv.
Cycle
06128761340

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 52.28%

Net Profit is growing at healthy rate in last 3 years 243.41%

Return on Equity has declined versus last 3 years average to 4.60%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Dev Labtech Venture Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 -
TTM Sales (₹ Cr.) 43.2 -
BVPS (₹.) 32 -
Reserves (₹ Cr.) 23 -
P/BV 2.47 -
PE 60.76 -
From the Market
52 Week Low / High (₹) 69.10 / 136.89
All Time Low / High (₹) 47.70 / 136.89
Market Cap (₹ Cr.) 81.5
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 87.7

Management X-Ray of Dev Labtech Venture:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dev Labtech Venture

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Sales11.7912.2426.9830.3443.22
Operating Expenses 11.4111.9626.2728.4340.35
Manufacturing Costs3.542.311.603.643.61
Material Costs6.658.5223.3022.8034.68
Employee Cost 1.071.021.191.321.58
Other Costs 0.160.110.180.680.48
Operating Profit 0.380.280.701.912.87
Operating Profit Margin (%) 3.2%2.3%2.6%6.3%6.6%
Other Income 00.04000.01
Interest 0.180.160.140.100.12
Depreciation 0.150.110.090.550.93
Exceptional Items 000.110.160
Profit Before Tax 0.050.050.591.411.83
Tax 0.050.020.100.390.49
Profit After Tax 00.040.491.021.34
PAT Margin (%) 0.0%0.3%1.8%3.4%3.1%
Adjusted EPS (₹)0.00.11.31.21.6
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1.451.482.0318.8820.21
Share Capital 0.210.211.268.278.27
Reserves 1.241.280.7710.6111.94
Minority Interest00000
Debt1.541.721.141.081.07
Long Term Debt1.171.381.141.081.07
Short Term Debt0.370.33000
Trade Payables3.513.745.482.120.51
Others Liabilities 0.37-0.040.051.556.88
Total Liabilities 6.876.908.6923.6328.67

Fixed Assets

Gross Block1.591.601.355.467.25
Accumulated Depreciation0.780.890.971.312.24
Net Fixed Assets0.810.710.374.155.01
CWIP 00000
Investments 00000
Inventories3.482.883.087.6719.78
Trade Receivables2.272.994.084.701.91
Cash Equivalents 0.040.030.075.810.17
Others Assets0.270.291.101.301.79
Total Assets 6.876.908.6923.6328.67

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.30-0.080.18-5.72-9.28
PBT 0.050.050.591.411.83
Adjustment 0.340.270.100.501.02
Changes in Working Capital -0.09-0.4-0.51-7.4-11.76
Tax Paid 0-0.01-0.01-0.23-0.37
Cash Flow From Investing Activity -0.02-0.010.36-4.17-1.78
Capex -0.02-0.010.36-4.17-1.79
Net Investments 00000
Others 00000.01
Cash Flow From Financing Activity -0.260.08-0.5015.635.43
Net Proceeds from Shares 00015.830
Net Proceeds from Borrowing 00.21-0.04-0.070
Interest Paid -0.16-0.16-0.13-0.10-0.11
Dividend Paid 00000
Others -0.100.02-0.33-0.035.54
Net Cash Flow 0.02-0.010.045.74-5.63
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)0.032.4928.159.756.86
ROCE (%)7.616.8422.5213.028.31
Asset Turnover Ratio1.721.783.461.881.65
PAT to CFO Conversion(x)N/A-20.37-5.61-6.93
Working Capital Days
Receivable Days7078485328
Inventory Days108954065116
Payable Days193155726114

Dev Labtech Venture Ltd Stock News

Dev Labtech Venture Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dev Labtech Venture on 04-Dec-2024 16:59 is ₹78.80.
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 04-Dec-2024 16:59 the market cap of Dev Labtech Venture stood at ₹81.50.
The latest P/E ratio of Dev Labtech Venture as of 04-Dec-2024 16:59 is 60.76.
The latest P/B ratio of Dev Labtech Venture as of 04-Dec-2024 16:59 is 2.47.
The 52-week high of Dev Labtech Venture is ₹136.9 and the 52-week low is ₹69.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dev Labtech Venture is ₹43.22 ( Cr.) .

About Dev Labtech Venture Ltd

The company was originally incorporated on April 29, 1993 as ‘Gandhinagar Plastronics Private Limited’ under the provisions of the Companies Act, 1956 with the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The Name of the company changed from ‘Gandhinagar Plastronics Private Limited’ to 'Jay Gems (India) Private Limited' and fresh certificate of incorporation dated February 05, 2010 was issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further the name of the company was changed from ‘Jay Gems (India) Private Limited’ to ‘Dev Labtech Venture Private Limited’ and fresh certificate of incorporation dated June 22, 2022 was issued by Registrar of Companies, Ahmedabad. Subsequently the company was converted into Public Limited Company and name of company was changed from ‘Dev Labtech Venture Private Limited’ to ‘Dev Labtech Venture Limited’ vide fresh certificate of incorporation dated September 23, 2022 issued by the Registrar of Companies, Ahmedabad.

The company is in business of manufacturing, marketing and sourcing of diamonds - natural and lab grown having wide application in Jewellery. It is equipped with all facilities to execute all types of manufacturing activities from rough natural stone to finished polished diamonds and from Seed to finished lab grown diamonds with various sizes, shapes, clarity and colours. The company establishes a long-term relationship with its customers by providing good quality product, which will go a long way and benefit the company. The company is backed by a team of creative for creating innovative designs. The company’s team has been a major strength as it understands the varied needs of the customers and works accordingly.

The company has started manufacturing of lab grown diamonds before that it was engaged in processing of natural diamonds only. it has developed the skill and expertise with application of computer software and laser technology for mapping, designing, cutting, polishing with innovation & optimum output with less wastage in rough to natural polish diamonds. Further, it has also developed the In-house technical & Design team to make Laboratory grown diamonds. This technology and process has immense advantage to the company to produce the Lab grown diamonds with more purity & clarity and required sizes and shapes with much cheaper than natural diamonds. With the background and experience in natural diamonds it has developed in-house team with manufacturing facilities new and innovative lab grown diamonds. The technology known as - Microwave Plasma Chemical Vapour Disposition (MPCVD) to make lab grown Diamonds from Diamond Seed. This technology well tested and used in large scale in China. MPCVD is a pure and fast diamond deposition process, hence best suited for commercial uses. 

The company has developed the regular clients for supply of diamonds through its own sales team in Bhavnagar, Surat, Mumbai, and for exports. it has established own distribution and marketing network through e-mails, telephone, attending exhibitions, and connecting through social media platform. With its network, company has developed the reputation and goodwill for timely supply of material to their reputed customers. Its diversified product portfolio enables it to cater to a wide range of preferences and consumer segments. Its products are primarily targeted to customers engaged in natural and lab grown diamonds jewellery manufacturers. Its diversified product portfolio is therefore, relatively less susceptible to shifts in consumer preferences, market trends and risks of operating in a particular product segment.

Business area of the company

The company is in business of manufacturing, marketing and sourcing of diamonds - natural and lab grown having wide application in Jewellery.

Products of the company

  • Lab Grown Diamonds
  • Natural Diamonds

History and milestones

  • 1993-94: Incorporation of the company in the name and style of ‘Gandhinagar Plastronics Private Limited’
  • 2009-10: Changed the name of company from Gandhinagar Plastronics Private Limited to Jay Gems (India) Private Limited
  • 2022-23: Changed the name of company from Jay gems (India) Private Limited to Dev Labtech Venture Limited
  • 2022-23: Converted into Public Limited Company vide fresh certificate of incorporation dated September 23, 2022.
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