BSE: 533189 | NSE: GOENKA | Diamond & Jewellery | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Goenka Diamond and Jewels Ltd is a below average quality company.
The key valuation ratios of Goenka Diamond and Jewels Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Goenka Diamond and Jewels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1% | 1.3% | -1.7% | -1.1% | -0.3% | -0.1% | 0.1% | -2.7% | -0.3% | -0.3% | - |
| Value Creation Index ⓘ | -0.9 | -0.9 | -1.1 | -1.1 | -1.0 | -1.0 | -1.0 | -1.2 | -1.0 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 375 | 103 | 91.5 | 3.1 | 7.7 | 6.6 | 12.8 | 3.5 | 4.3 | 1.6 | 1 |
| Sales YoY Gr. | - | -72.7% | -10.8% | -96.6% | 149.8% | -14.6% | 94.2% | -72.7% | 21.7% | -61.7% | - |
| Adj EPS ⓘ | -0.1 | -0.2 | -0.8 | -0.2 | -0.1 | -0 | 0 | -0.4 | -0.1 | -0.1 | -0.1 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 9.5 | 9.6 | 8.6 | 8.4 | 8.3 | 8.3 | 8.2 | 8 | 8 | 7.9 | 7.9 |
| Adj Net Profit ⓘ | -4.1 | -6.3 | -23.7 | -5.3 | -1.6 | -0.7 | 0 | -12.2 | -1.7 | -1.8 | -2 |
| Cash Flow from Ops. ⓘ | -10.8 | 13.8 | 10.7 | -1.9 | -1.5 | 0 | 0.4 | -0.4 | 1.1 | -0.2 | - |
| Debt/CF from Ops. ⓘ | -14.5 | 11.6 | 17.3 | -97.6 | -124.3 | -15929.6 | 445.1 | -450.1 | 160.5 | -825.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -45.4% | -26.7% | -49.7% | -61.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -2% | -0.9% | -1.4% | -0.8% | ||||
| Share Price | -11.7% | 20.5% | -14.6% | -10.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -1.4 | -2.1 | -8.3 | -2 | -0.6 | -0.3 | -0 | -4.7 | -0.7 | -0.7 | -0.9 |
| Op. Profit Mgn % ⓘ | 1.5 | 7.3 | 2.6 | -74.5 | -19.7 | -15.5 | -5.6 | -404 | -30 | -80 | -287.7 |
| Net Profit Mgn % ⓘ | -1.1 | -6.2 | -26 | -171.7 | -20.9 | -10.6 | -0.3 | -346.9 | -39.8 | -111.2 | -369.8 |
| Debt to Equity ⓘ | 0.5 | 0.5 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | - |
| Working Cap Days ⓘ | 582 | 2,412 | 2,918 | 89,717 | 35,884 | 42,015 | 21,637 | 78,346 | 63,908 | 1,67,012 | 1,98,583 |
| Cash Conv. Cycle ⓘ | 394 | 1,444 | 1,637 | 1,51,854 | 12,815 | 23,492 | 12,150 | 44,283 | 35,987 | 1,14,042 | 63,512 |
Debt to equity has declined versus last 3 years average to 0.69
Return on Equity is Poor
Sales growth has been subdued in last 3 years -49.69%
Sales growth is not so good in last 4 quarters at -52.59%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.1 | -0.1 |
| TTM Sales (₹ Cr.) | 0.6 | 0.6 |
| BVPS (₹.) ⓘ | 7.9 | 7.5 |
| Reserves (₹ Cr.) ⓘ | 217 | 205 |
| P/BV ⓘ | 0.12 | 0.13 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.71 / 1.10 |
| All Time Low / High (₹) | 0.21 / 35.00 |
| Market Cap (₹ Cr.) | 29.8 |
| Equity (₹ Cr.) | 31.7 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 81.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 374.96 | 102.53 | 91.45 | 3.09 | 7.72 | 6.59 | 12.80 | 3.50 | 4.26 | 1.63 |
| Operating Expenses ⓘ | 369.56 | 95.29 | 101.17 | 7.23 | 10.49 | 7.68 | 13.60 | 18.15 | 5.58 | 3.02 |
| Manufacturing Costs | 0.29 | 0.24 | 0.27 | 0.11 | 0.08 | 0.07 | 0.04 | 0.04 | 0.04 | 0.03 |
| Material Costs | 362.45 | 90.81 | 86.14 | 3.16 | 6.99 | 6.11 | 11.61 | 3.37 | 3.79 | 1.26 |
| Employee Cost | 2.37 | 1.53 | 1.30 | 1.17 | 0.85 | 0.69 | 0.67 | 0.54 | 0.54 | 0.48 |
| Other Costs ⓘ | 4.44 | 2.72 | 13.46 | 2.79 | 2.57 | 0.80 | 1.28 | 14.20 | 1.20 | 1.25 |
| Operating Profit ⓘ | 5.40 | 7.24 | -9.72 | -4.14 | -2.78 | -1.09 | -0.80 | -14.65 | -1.32 | -1.40 |
| Operating Profit Margin (%) | 1.4% | 7.1% | -10.6% | -134.0% | -36.0% | -16.5% | -6.3% | -418.0% | -31.0% | -86.0% |
| Other Income ⓘ | 8.48 | 12.43 | 1.67 | 2.46 | 1.47 | 1.57 | 1.79 | 1.19 | 0.60 | 0.65 |
| Interest ⓘ | 12.28 | 17.44 | 22.96 | 0.78 | 0.59 | 0.60 | 0.58 | 0.56 | 0.55 | 0.59 |
| Depreciation ⓘ | 1.01 | 1.15 | 0.62 | 0.59 | 0.63 | 0.50 | 0.45 | 0.41 | 0.44 | 0.54 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.53 | 0 | 0 |
| Profit Before Tax ⓘ | 0.59 | 1.08 | -31.63 | -3.05 | -2.53 | -0.62 | -0.04 | -6.89 | -1.71 | -1.88 |
| Tax ⓘ | -0.02 | 0.11 | 0.59 | 3.55 | -0.04 | 0.13 | 0.05 | 0.18 | 0.02 | 0 |
| Profit After Tax | 0.61 | 0.97 | -32.22 | -6.59 | -2.49 | -0.75 | -0.10 | -7.06 | -1.72 | -1.88 |
| PAT Margin (%) | 0.2% | 0.9% | -35.2% | -213.0% | -32.2% | -11.4% | -0.7% | -201.0% | -40.5% | -115.0% |
| Adjusted EPS (₹) | 0.0 | 0.0 | -1.0 | -0.2 | -0.1 | 0.0 | 0.0 | -0.2 | -0.1 | -0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 301.65 | 303.10 | 271.61 | 264.67 | 262.20 | 261.45 | 261.36 | 254.30 | 252.64 | 250.76 |
| Share Capital ⓘ | 31.70 | 31.70 | 31.70 | 31.70 | 31.70 | 31.70 | 31.70 | 31.70 | 31.70 | 31.70 |
| Reserves ⓘ | 269.95 | 271.40 | 239.91 | 232.97 | 230.50 | 229.75 | 229.66 | 222.60 | 220.94 | 219.06 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 156.66 | 158.87 | 42.64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 2.38 | 2.57 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 156.66 | 156.49 | 40.07 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 204.04 | 242.97 | 303.60 | 303.46 | 297.87 | 302.51 | 298.21 | 298.31 | 297.78 | 298.34 |
| Others Liabilities ⓘ | 9.04 | 16.51 | 156.64 | 207.36 | 209.17 | 209.68 | 209.65 | 202.05 | 201.12 | 201.95 |
| Total Liabilities ⓘ | 671.39 | 721.45 | 774.50 | 775.50 | 769.23 | 773.64 | 769.22 | 754.66 | 751.53 | 751.05 |
Fixed Assets | ||||||||||
| Gross Block | 19.72 | 19.72 | 19.72 | 19.72 | 19.63 | 19.63 | 19.63 | 19.63 | 19.92 | 20.35 |
| Accumulated Depreciation | 8.20 | 9.35 | 9.96 | 10.55 | 11.10 | 11.59 | 12.04 | 12.45 | 12.88 | 13.42 |
| Net Fixed Assetsⓘ | 11.51 | 10.37 | 9.75 | 9.17 | 8.53 | 8.03 | 7.59 | 7.19 | 7.04 | 6.93 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 5.09 | 5.09 | 5.09 | 4.49 | 4.49 | 4.49 | 4.49 | 0.19 | 0.19 | 0.19 |
| Inventories | 70.27 | 54.92 | 36.88 | 33.85 | 26.86 | 25.30 | 14.90 | 11.54 | 7.80 | 7.62 |
| Trade Receivables | 562.20 | 627.82 | 699.23 | 698.82 | 698.78 | 703.59 | 698.34 | 697.35 | 697.30 | 697.76 |
| Cash Equivalents | 3.21 | 2.38 | 1.23 | 0.43 | 0.44 | 0.44 | 0.84 | 0.10 | 0.89 | 0.24 |
| Others Assetsⓘ | 19.09 | 20.87 | 22.31 | 28.74 | 30.13 | 31.80 | 43.06 | 38.29 | 38.31 | 38.30 |
| Total Assets ⓘ | 671.39 | 721.45 | 774.50 | 775.50 | 769.23 | 773.64 | 769.22 | 754.66 | 751.53 | 751.05 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -10.83 | 13.76 | 10.67 | -1.86 | -1.46 | -0.01 | 0.41 | -0.39 | 1.07 | -0.21 |
| PBT ⓘ | 0.59 | 1.08 | -31.63 | -3.05 | -2.53 | -0.62 | -0.04 | -6.89 | -1.71 | -1.88 |
| Adjustment ⓘ | -0.10 | 3.78 | 33.58 | 0.11 | -0.20 | -0.44 | -0.68 | 6.07 | 1.06 | 1.12 |
| Changes in Working Capital ⓘ | -11.23 | 8.97 | 8.8 | 1.23 | 1.32 | 1.05 | 1.13 | 0.43 | 1.72 | 0.55 |
| Tax Paid ⓘ | -0.09 | -0.08 | -0.07 | -0.15 | -0.06 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 3.01 | 1.62 | 1.65 | 1.51 | 1.47 | 0.01 | 0 | 0 | -0.29 | -0.43 |
| Capex | 0.94 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.29 | -0.43 |
| Net Investments | 0.46 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.61 | 1.62 | 1.65 | 1.51 | 1.47 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1.94 | -16.28 | -12.29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -12.28 | -17.44 | -22.96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 10.34 | 1.16 | 10.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | -9.76 | -0.90 | 0.04 | -0.35 | 0.01 | -0.01 | 0.40 | -0.39 | 0.79 | -0.64 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0.2 | 0.32 | -11.21 | -2.46 | -0.94 | -0.29 | -0.04 | -2.74 | -0.68 | -0.74 |
| ROCE (%) | 2.85 | 4.03 | -1.89 | -0.5 | -0.44 | 0 | 0.12 | -1.45 | -0.27 | -0.3 |
| Asset Turnover Ratio | 0.6 | 0.15 | 0.12 | 0 | 0.01 | 0.01 | 0.02 | 0 | 0.01 | 0 |
| PAT to CFO Conversion(x) | -17.75 | 14.19 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 459 | 2,118 | 2,648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 104 | 223 | 183 | 4,175 | 1,436 | 1,445 | 573 | 1,378 | 829 | 1,732 |
| Payable Days | 165 | 898 | 1,158 | 0 | 0 | 0 | 9,446 | 0 | 0 | 0 |
Goenka Diamond & Jewels was incorporated on November 5, 1990 as Goenka Exports, a private limited company under the Companies Act, 1956. The company became a deemed public company by virtue of section 43(A) of the Companies Act and ceased to be a private company with effect from July 1,1997. Subsequently, by a shareholders resolution dated January 29, 2002, the company became a public company and a fresh certificate of incorporation in the name of Goenka Exports was issued by the Registrar of Companies, Rajasthan, situated at Jaipur on January 30, 2002. By a resolution dated April 15, 2008, the company was converted into a public limited company and its name was changed to its present name Goenka Diamond and Jewels.
The company is promoted by Nand Lal Goenka, who has over 40 years of experience in the gems and jewellery business along with his sons, Navneet Goenka and Nitin Goenka.
It was initially in the business of export of coloured stones and has since then expanded into diamond trade in 1994 and manufacturing of diamond studded jewellery in 2003. Its cutting and polishing activity was boosted in 2006 by establishing its own diamond processing unit at the SEZ in Surat for processing of rough diamonds. In 2007, it set up another facility for processing of rough diamonds in Mumbai to cater to the local market and for its jewellery making operations.
Goenka Diamond has scaled up its diamond jewellery making operations by establishing a dedicated manufacturing facility in Mumbai and launched its first jewellery retail store in July 2008.
At present, the business of the company is broadly divided into diamond processing business and jewellery business. Its diamond processing business consists of trading, cutting and polishing of diamonds. Jewellery Business consists of manufacturing and retail of jewellery under CERES and G WILD brands and also includes its wholesale jewellery operations.
Business area of the company
The company is engaged in cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery.
Subsidiaries of the company
M.B. Diamonds LLC
Group Companies
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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