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Gitanjali Gems Ltd (GITANJALI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532715 NSE: GITANJALI Diamond & Jewellery | Small Cap | Gitanjali Gems Share Price

BSE Share Price
Not Listed

Gitanjali Gems Ltd (GITANJALI)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532715 NSE: GITANJALI Diamond & Jewellery | Small Cap | Gitanjali Gems Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹13 Cr.
Current Price
₹0
52-Week Low / High
₹1 / 1
TTM EPS
₹16.6
TTM Sales
₹18,297 Cr.
Book Value per Share
₹564.5
P/E Ratio
0.06
Industry PE
52.9
Price to Book (P/B)
0.00
Price to Sales (P/S)
0.00
EV/EBITDA
8.38
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
2.60%
Return on Capital Employed (ROCE)
5.98%
Return on Assets (ROA)
0.75%
Operating Profit Margin
4.2%
Net Profit Margin
1.01%
Gross Profit Margin
1.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.66%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.98%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
57.98%
Asset Quality
Promoter Holding
27.76%
Pledged shares (%) of Promoter's holding (%)
78.56%
Reserves
₹6,577 Cr.
Equity
₹118.6 Cr.
Face Value
₹10
All Time Low / High
₹0.93 / 649.50

Gitanjali Gems stock performance

Key Ratios
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10 Year X-Ray :

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.
Gitanjali Gems Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
ROCE % ⓘ7.4%6.2%7.7%9%10.5%9.9%5.9%7%6.1%5.9%-

Growth Parameters ⓘ
Sales ⓘ2,6542,6943,3555,0677,75510,3817,3437,15810,75110,46512,523
Sales YoY Gr.-1.5%24.5%51%53.1%33.9%-29.3%-2.5%50.2%-2.7%-
Adj EPS ⓘ1616.313.821.32527.35-1.8-0-5.33.4
YoY Gr.-1.7%-15.5%54.6%17.4%9.5%-81.8%-135.5%NANA-
BVPS (₹) ⓘ209.6222.4241.6264.4277.8304.6305.6292.7324.9293.8297.3
Adj Net
Profit ⓘ		13613811618122825246-17.4-0.2-62.441
Cash Flow from Ops. ⓘ196-38484.1317741504-2,032251688550-
Debt/CF from Ops. ⓘ5.3-3.3195.93.46.1-2.420.58.410.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ16.5%6.2%12.5%-2.7%
Adj EPS ⓘ-188.4%-173.2%-201.8%NA
BVPSⓘ3.8%1.1%-1.3%-9.6%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17TTM
Return on
Equity % ⓘ		10.47.45.88.49.59.41.6-0.6-0-1.81.2
Op. Profit
Mgn % ⓘ		6.67.76.95.75.75.16.97.14.53.92.5
Net Profit
Mgn % ⓘ		5.15.13.53.62.92.40.6-0.2-0-0.60.3
Debt to
Equity ⓘ		0.60.70.80.811.11.81.81.71.60.1
Working Cap
Days ⓘ		277346334265232218341381293363189
Cash Conv.
Cycle ⓘ		1191631931481078820629622324936

Valuation of Gitanjali Gems - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *84.5582.6381.5681.4481.1679.2679.1379.1379.1378.56
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Sales4,831.745,088.886,527.639,377.2912,498.2816,418.5012,43611,481.0613,984.4916,570.69
Operating Expenses ⓘ + 4,561.464,761.856,081.478,805.5311,622.2115,285.5511,573.2010,401.4613,208.1415,871.81
Manufacturing Costs9.48115.94144.81221.71262.95290.66222.4590.9991.06156.24
Material Costs4,166.904,130.415,396.447,992.7710,671.8114,116.3310,470.459,786.4712,797.6915,138.49
Employee Cost 152215.56209.10216.62255.31298.65271.33276273.44311.58
Other Costs ⓘ 233.08299.95331.12374.43432.14579.91608.97247.9945.94265.49
Operating Profit ⓘ 270.28327.03446.16571.76876.061,132.95862.811,079.61776.36698.89
Operating Profit Margin (%) 5.6%6.4%6.8%6.1%7.0%6.9%6.9%9.4%5.6%4.2%
Other Income ⓘ + 6.922.5240.85103.6778.1270.819.5698.53174.71258.57
Exceptional Items ⓘ 00018.075.050.10-0.73-69.7600
Interest ⓘ 62.10137.49217.73253.85406.22546.44797.14973.07772.23721.09
Depreciation ⓘ 20.1033.6044.5456.3729.4736.6638.2746.8981.0274.96
Profit Before Tax ⓘ 195158.46224.74383.28523.55620.7736.2288.4297.82161.40
Tax ⓘ 21.263.1823.1926.7134.0425.540.28-1.16-7.78-5.43
Profit After Tax 173.74155.28201.55356.57489.50595.2335.9489.58105.60166.83
PAT Margin (%) 3.6%3.1%3.1%3.8%3.9%3.6%0.3%0.8%0.8%1.0%
Adjusted EPS (₹)18.917.723.841.853.564.33.69.710.114.1
Dividend Payout Ratio (%)9.50%10.20%8.40%7.20%5.60%4.70%0%0%4.90%5.70%
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17

Equity and Liabilities

Shareholders Fund + 1,853.402,046.292,196.522,529.653,099.693,768.523,944.204,116.516,282.066,562.32
Share Capital ⓘ 85.0685.0684.2784.8791.1292.0792.0798.12102.44118.62
Reserves ⓘ 1,768.341,961.232,112.252,444.783,008.573,676.463,852.134,018.396,179.626,443.71
Debt +1,633.812,046.632,595.292,707.853,875.845,092.458,347.368,689.978,139.057,950.31
Long Term Debt1,633.812,046.632,595.29125643.49621.42742.69766.73674.81376.31
Short Term Debt0002,582.853,232.364,471.037,604.667,923.247,464.237,574
Minority Interest93.619.8548.3150.2454.6664.0360.9652.8748.2143.01
Trade Payables1,631.421,475.821,294.632,200.203,292.044,338.191,660.193,302.745,757.108,245.54
Others Liabilities ⓘ 147.73314.73278.99602.48351.84641.13662.13540.18706.30666.15
Total Liabilities ⓘ 5,359.975,893.316,413.728,090.4310,674.0613,904.3114,674.8416,702.2720,932.7123,467.32

Fixed Assets

Net Fixed Assets ⓘ +266.85306.64308.74274.90243.40282.96326.51363.312,520.142,528.28
Gross Block310.02388.22417.98411.85408.45471.60588.66624.432,613.722,695.59
Accumulated Depreciation43.1781.57109.23136.95165.05188.64262.15261.1293.59167.31
CWIP ⓘ 54.3453.3362.6195.2395.8888.2481.3981.0380.5640.13
Investments ⓘ 14.1833.1335.9142.9358.12102.2985.9084.4349.4661.82
Inventories1,236.551,975.822,079.392,901.293,693.734,347.343,503.015,195.325,722.717,171.95
Trade Receivables2,282.522,759.633,230.934,019.525,384.947,189.189,484.039,915.7911,542.6912,828.66
Cash Equivalents 1,122.96297.20238.64439.32652.45970.34355.43260.86257.28285.45
Others Assets ⓘ 382.58467.56457.50317.24545.54923.97838.56801.52759.87551.03
Total Assets ⓘ 5,359.975,893.316,413.728,090.4310,674.0613,904.3114,674.8416,702.2720,932.7123,467.32
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Cash Flow From Operating Activity ⓘ + 93.04-663.57137.38525.67368.07-16.29-2,966.10463.271,337.80743.15
PBT ⓘ 195158.46224.74383.28523.55620.7736.2288.4297.82161.40
Adjustment ⓘ 56.5269.34184.91228.72337.40408.57631.77812.69802.23842.44
Changes in Working Capital ⓘ -134-881.01-249.26-54.95-420.13-972.01-3620.09-412.86471.33-228.22
Tax Paid ⓘ -24.49-10.36-23.01-31.38-72.74-73.62-13.99-24.98-33.59-32.48
Cash Flow From Investing Activity ⓘ + -205.53-132.63-29.62-58.36-6.61-110.46-38-92.68-33.15-42.43
Capex -51.81-36.51-14.97-54.09-6.83-70.81-34.14-4.95-56.30-43.74
Net Investments -144.06000000000
Others ⓘ -9.66-96.12-14.65-4.270.22-39.64-3.86-87.7323.151.31
Cash Flow From Financing Activity ⓘ + 608.79-56.94-171.66-266.54-149.31440.762,384.75-468.05-1,330.31-691.58
Net Proceeds from Shares ⓘ 696.370-8.53003000-19.940
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -64.75-92.90-160.39-217.64-378.69-475.64-721.19-864.33-725.65-685.46
Dividend Paid ⓘ -11.20-17.91-17.89-19.65-29.81-32.10000-5.93
Others ⓘ -11.6353.8715.15-29.25259.19918.503,105.94396.28-584.72-0.19
Net Cash Flow ⓘ 496.30-853.14-63.90200.77212.16314.02-619.34-97.46-25.669.13
PARTICULARSMar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Ratios
ROE (%)13.087.969.5315.1717.4317.330.932.222.032.6
ROCE (%)8.837.749.9412.3414.7614.547.788.366.295.98
Asset Turnover Ratio1.10.91.061.291.331.340.870.730.740.75
PAT to CFO Conversion(x)0.54-4.270.681.470.75-0.03-82.535.1712.674.45
Working Capital Days
Receivable Days143.60180.80167.50141.10137.30139.80244.70308.40280268.40
Inventory Days76.20115.20113.4096.9096.3089.40115.20138.30142.50142
Payable Days110137.3093.7079.8093.9098.70104.6092.60129.20168.80

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Gitanjali Gems Ltd FAQs

The current trading price of Gitanjali Gems on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Gitanjali Gems stood at ₹12.57 Cr

The latest P/E ratio of Gitanjali Gems as of 31-Dec-1969 is 0.31.

The latest P/B ratio of Gitanjali Gems as of 31-Dec-1969 is 0.00.

The 52-week high of Gitanjali Gems is ₹1.14 and the 52-week low is ₹1.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gitanjali Gems is ₹12,523 ( Cr.) .

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

The key valuation ratios of Gitanjali Gems Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

No data found

About Gitanjali Gems Ltd

Gitanjali Gems, incorporated in 1986, is one of leading players in jewellery segment. Founded in 1966, it was the first group company to engage in cutting and polishing of diamonds in Surat, Gujarat. Today this $900 million multinational group is one of largest manufacturer, retailers and exporters of diamonds.

In the year 1990 company commissioned Gitanjali Creations -- a 100% export-oriented unit located at Borivli, Mumbai.

The xompany became first to produce the world’s smallest heart shaped diamond (0.03 carat) and developing some 25 patented facet patterns.

Gitanjali Group's has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, polishing and setting. The company was first to offer diamond studded jewellery at reasonable prices.

The company uses latest CAD and CAM processes and equipment for creating designs for jewellery.

The company is bestowed with more than 50 awards from the ministry of commerce as an acknowledgement of its export performance under diamond and jewellery. Gitanjali Gems has presence in like namely USA, UK, Belgium, Italy and the Middle East to Thailand, South East Asia China, and Japan.

Currently, it has brands that includes loose diamonds, diamond and other stone-studded jewellery (natural and synthetic), in gold, silver, steel and combinations, s high-end watches, jewellery-watches, luxury artefacts and accessories.

The company market its products through store chain namely Bezel, Giantti, World of Solitaire and Gitanjali Lifestyle.

Under jewellery, the company has a portfolio of brands namely Nakshatra, Lucera, D’Damas, Calgaro, Sangini, Rivaaz, Desire, Kashvi, Asmi, Maya, Diya, Ezee Diamonds and Stephan Hafner. Under watches, it retails brands like Philip, Sector, Marvin, Umbro, Miss Sixty, Roberto Cavalli, Iris, Morelaato and Just Cavalli.

Under Home accessories, the company retails brand -- Greggio Argento. Gitanjali Gems

In 2011 Gitanjali Gems incorporated GGL Diamond, LLC in United States of America, through its wholly owned subsidiary Gitanjali USA, Inc. The main object of GGL Diamond LLC is to source and distribute diamond and jewellery.

In 2012 Aston Luxury Group Limited, a wholly owned subsidiary of the Company has acquired entire stake in Leading Jewels of Japan K K with a view to expand its business in Japan and adjoining region. The main activity of Leading Jewels of Japan K K is Production, sales, purchase, import and export of diamonds, precious stones, jewels and jewellery. Gitanjali Gems Ltd through its Hong Kong based wholly owned subsidiary 'Aston Luxury Group Limited', has Incorporated 'Leading Singapore Jewels Pte. Ltd.', with a view to expand it's business in Singapore and Far Eastern regions. The main activity of the Leading Singapore Jewels Pte. Ltd. is retailing and distribution of jewellery."

Businesses

Diamonds-Under this, the company is engaged in every part of diamond processing. For its diamond export the company has received various awards from international organisation as well as from Government of India.

Jewellery- The company offers a wide range of jewellery under gold, diamond and platinum segment. Company’s designs include Indian traditional, ethnic, classic, contemporary and casual.

Retailing- The company is also engaged in retailing its diamonds and jewellery. Currently the company markets over 40 brands that are owned and franchised under its retail chain Gitanjali Lifestyle.

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