RBZ Jewellers Ltd - Stock Valuation and Financial Performance

BSE: 544060 | NSE: RBZJEWEL | Diamond & Jewellery | Small Cap

RBZ Jewellers Share Price

187.20 -3.90 -2.04%
as on 09-Dec'24 16:59

DeciZen - make an informed investing decision on RBZ Jewellers

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

RBZ Jewellers stock performance -

mw4me loader
P/E Ratio (SA):
28.71
Market Cap:
764.4 Cr.
52-wk low:
95
52-wk high:
255.4

Is RBZ Jewellers Ltd an attractive stock to invest in?

1. Is RBZ Jewellers Ltd a good quality company?

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

2. Is RBZ Jewellers Ltd undervalued or overvalued?

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

3. Is RBZ Jewellers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of RBZ Jewellers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of RBZ Jewellers:

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.
RBZ Jewellers 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'21Mar'22Mar'23Mar'24TTM
ROCE % 17.8%21.5%24%16.1%-
Value Creation
Index
0.30.50.70.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 107252288327401
Sales YoY Gr.-135.6%14.2%13.7%-
Adj EPS 3.14.815.46.7
YoY Gr.-52.4%-79.3%444.4%-
BVPS (₹) 18.523.34.151.956.1
Adj Net
Profit
9.414.322.321.627
Cash Flow from Ops. -2.60.9-11.2-48.2-
Debt/CF from Ops. -20.868.3-8.5-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA45.2%13.7%
Adj EPS NANA19.9%444.4%
BVPSNANA41%1162%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
16.922.827.514.412.3
Op. Profit
Mgn %
19.110.613.111.811.2
Net Profit
Mgn %
8.85.77.86.66.6
Debt to
Equity
10.910.30.1
Working Cap
Days
0182205238134
Cash Conv.
Cycle
015617221794

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 45.19%

Net Profit is growing at healthy rate in last 3 years 19.86%

Debt to equity has declined versus last 3 years average to 0.33

Sales growth is good in last 4 quarters at 38.24%

Return on Equity has declined versus last 3 years average to 12.30%

Latest Financials - RBZ Jewellers Ltd.

Standalone Consolidated
TTM EPS (₹) 6.7 -
TTM Sales (₹ Cr.) 401 -
BVPS (₹.) 56.1 -
Reserves (₹ Cr.) 184 -
P/BV 3.41 -
PE 28.71 -
From the Market
52 Week Low / High (₹) 95.00 / 255.35
All Time Low / High (₹) 95.00 / 255.35
Market Cap (₹ Cr.) 764
Equity (₹ Cr.) 40
Face Value (₹) 10
Industry PE 90.2

Management X-Ray of RBZ Jewellers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of RBZ Jewellers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Sales107252288327
Operating Expenses 87225250289
Manufacturing Costs361011
Material Costs75208226261
Employee Cost 4579
Other Costs 4588
Operating Profit 20273838
Operating Profit Margin (%) 19.1%10.6%13.1%11.8%
Other Income 1020
Interest 6688
Depreciation 2111
Exceptional Items 0000
Profit Before Tax 13203030
Tax 4578
Profit After Tax 10142222
PAT Margin (%) 9.1%5.7%7.8%6.6%
Adjusted EPS (₹)3.34.81.05.4
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 567092207
Share Capital 443040
Reserves 526662167
Minority Interest0000
Debt53569166
Long Term Debt892320
Short Term Debt46486846
Trade Payables415153
Others Liabilities 14201515
Total Liabilities 127162213291

Fixed Assets

Gross Block17172730
Accumulated Depreciation0123
Net Fixed Assets17162527
CWIP 0112
Investments 0000
Inventories92119149224
Trade Receivables10142213
Cash Equivalents 22814
Others Assets611811
Total Assets 127162213291

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -31-11-48
PBT 13203030
Adjustment 7789
Changes in Working Capital -20-21-41-78
Tax Paid -4-5-8-9
Cash Flow From Investing Activity 1-1-11-4
Capex 10-11-4
Net Investments 0000
Others 0-100
Cash Flow From Financing Activity 2-12859
Net Proceeds from Shares 00093
Net Proceeds from Borrowing 7536-27
Interest Paid -6-6-8-8
Dividend Paid 0000
Others 0000
Net Cash Flow 0-167
PARTICULARSMar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)17.5522.9427.4914.38
ROCE (%)17.7821.4723.9616.13
Asset Turnover Ratio0.841.751.541.3
PAT to CFO Conversion(x)-0.30.07-0.5-2.18
Working Capital Days
Receivable Days35172319
Inventory Days312152170208
Payable Days21172412

RBZ Jewellers Ltd Stock News

RBZ Jewellers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of RBZ Jewellers on 09-Dec-2024 16:59 is ₹187.2.
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 09-Dec-2024 16:59 the market cap of RBZ Jewellers stood at ₹764.4.
The latest P/E ratio of RBZ Jewellers as of 09-Dec-2024 16:59 is 28.71.
The latest P/B ratio of RBZ Jewellers as of 09-Dec-2024 16:59 is 3.41.
The 52-week high of RBZ Jewellers is ₹255.3 and the 52-week low is ₹95.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RBZ Jewellers is ₹401.0 ( Cr.) .

About RBZ Jewellers Ltd

The company was originally incorporated as “RBZ Jewellers Private Limited” as a private limited company under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated April 15, 2008 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, the company was converted to a public limited company, pursuant to a special resolution passed by its shareholders on February 25, 2023 and the name of the Company was changed to “RBZ Jewellers Limited” and a fresh certificate of incorporation dated March 20, 2023 was issued to the company by the Registrar of Companies, Ahmedabad. 

The company is one of the leading organised manufacturers of gold jewellery in India, specializing in Antique Bridal Gold Jewellery and distribute to reputable nation-wide retailers and significant regional players in India. It designs and manufacture a wide range of Antique Bridal Gold Jewellery which consists of jadau, Meena and Kundan work and sell it on a wholesale and retail basis. It also processes and supply Antique Bridal Gold Jewellery on job work basis to national retailers. Its customer base in wholesale business includes reputed national, regional and local family jewellers spread across many States and cities within India. The company also operates its retail showroom under the brand name ‘Harit Zaveri’ and is an established player in Ahmedabad. in Ahmedabad. It offers jewellery for bridal, occasional and daily wear at various price range in its retail showroom. It also exports its jewellery to Middle East region. It carries out its manufacturing operations from a well-equipped and modern facility situated at Ahmedabad, Gujarat having advanced technologies in casting, laser and 3-D printing. Its retail showroom is situated in the prominent area of Ahmedabad, Gujarat. It has a dedicated and experienced in-house design team who supervises the artisans and craftsmen to develop new products and unique designs that meet customers’ demands and requirements basis its own market research in the jewellery industry. 

The company offers a diverse range of jewellery collections comprising of different manufacturing techniques and varieties. It specialises in Antique Gold bridal jewellery and is known for its unique designs and craftmanship. It uses a variety of precious and semi-precious stones in its jewellery, including diamonds, emeralds, rubies, and pearls, which are intricately set in gold. Its constant focus on design and technological innovation in its jewellery products, its ability to recognize consumer preferences and market trends, the unique designs and the quality of its products are its key strengths, amongst others. It endeavours to cater to its customers’ preferences, which often vary significantly by geography and micro market. Its jewellery designs are inspired by traditional Indian art and culture, and it blend these elements with contemporary designs to create aesthetic pieces that are both classic and modern. 

Business area of the company

The company is an India-based gold jewellery manufacturer specialising in the creation of antique designs. The company designs and manufactures a wide range of antique gold jewellery consisting of jadau, meena and kundan work and sells it on wholesale and retail basis. 

Awards, Accreditations and Recognition

  • 2009: Certificate for excellent performance in the field of jewellery trade from Gem & Jewellery Trade Council of India.
  • 2012: Won “Best Concept in Jewellery” award by Namaste India at the Bridal Exhibition, Surat.
  • 2012: Awarded “Best Jadau Jewellery Manufacturer” in National Jewellery Awards from All India Gems and Jewellery Trade and Federation.
  • 2017: Certified as “100 Iconic Jewellers of India” and featured in “Treasure Trove” Coffee Table Book by The Art of Jewellery, Jewellery Magazine.

Major events 

  • 2008: Incorporation of the company in the name and style of “RBZ Jewellers Private Limited”.
  • 2011: Acquisition of the property which is its present Registered and Corporate Office.
  • 2014: Launch of its retail division under the brand “Harit Zaveri” and opening of jewellery showroom at Ahmedabad, Gujarat.
  • 2016: The company set-up a factory unit at its Registered Office.
  • 2023: Conversion of the company into public limited company.


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