RBZ Jewellers Ltd - Stock Valuation and Financial Performance

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

RBZ Jewellers Share Price

136.25 6.45 4.97%
as on 18-May'24 12:50

DeciZen - make an informed investing decision on RBZ Jewellers

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

RBZ Jewellers stock performance -

mw4me loader
P/E Ratio (SA):
24.07
Market Cap:
519.2 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 below 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 Somewhat overvalued zone.

3. Is RBZ Jewellers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RBZ Jewellers 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 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 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'21Mar'22Mar'23TTM
ROCE % 12.5%15.5%17.7%-
Value Creation
Index
-0.10.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 107252288327
Sales YoY Gr.-135.6%14.2%-
Adj EPS 3.14.815.4
YoY Gr.-52.4%-79.3%-
BVPS (₹) 18.523.34.151.9
Adj Net
Profit
9.414.322.322
Cash Flow from Ops. -2.60.9-11.2-
Debt/CF from Ops. -20.868.3-8.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA14.2%
Adj EPS NANANA-79.3%
BVPSNANANA-82.4%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.922.827.519.3
Op. Profit
Mgn %
19.110.613.19.3
Net Profit
Mgn %
8.85.77.86.6
Debt to
Equity
10.910.1
Working Cap
Days
0182201118
Cash Conv.
Cycle
015617278

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 19.30%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.04

Sales growth is not so good in last 4 quarters at 8.78%

Latest Financials - RBZ Jewellers Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 -
TTM Sales (₹ Cr.) 327 -
BVPS (₹.) 51.9 -
Reserves (₹ Cr.) 167 -
P/BV 2.50 -
PE 24.07 -
From the Market
52 Week Low / High (₹) 95.00 / 255.35
All Time Low / High (₹) 95.00 / 255.35
Market Cap (₹ Cr.) 519
Equity (₹ Cr.) 40
Face Value (₹) 10
Industry PE 76.2

Management X-Ray of RBZ Jewellers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* 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'23
Sales107252288
Operating Expenses 87225250
Manufacturing Costs3610
Material Costs75208226
Employee Cost 457
Other Costs 458
Operating Profit 202738
Operating Profit Margin (%) 19.1%10.6%13.1%
Other Income 102
Interest 668
Depreciation 211
Exceptional Items 000
Profit Before Tax 132030
Tax 457
Profit After Tax 101422
PAT Margin (%) 9.1%5.7%7.8%
Adjusted EPS (₹)3.34.81.0
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 567092
Share Capital 4430
Reserves 526662
Minority Interest000
Debt535691
Long Term Debt8923
Short Term Debt464868
Trade Payables41515
Others Liabilities 14209
Total Liabilities 127162207

Fixed Assets

Gross Block171727
Accumulated Depreciation012
Net Fixed Assets171625
CWIP 011
Investments 000
Inventories92119149
Trade Receivables101422
Cash Equivalents 228
Others Assets6112
Total Assets 127162207

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity -31-11
PBT 132030
Adjustment 778
Changes in Working Capital -20-21-41
Tax Paid -4-5-8
Cash Flow From Investing Activity 1-1-11
Capex 10-11
Net Investments 000
Others 0-10
Cash Flow From Financing Activity 2-128
Net Proceeds from Shares 000
Net Proceeds from Borrowing 7536
Interest Paid -6-6-8
Dividend Paid 000
Others 000
Net Cash Flow 0-16
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)17.5522.9427.49
ROCE (%)17.7821.4723.96
Asset Turnover Ratio0.841.751.56
PAT to CFO Conversion(x)-0.30.07-0.5
Working Capital Days
Receivable Days351723
Inventory Days312152170
Payable Days211724

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 18-May-2024 12:50 is ₹136.2.
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 18-May-2024 12:50 the market cap of RBZ Jewellers stood at ₹519.2.
The latest P/E ratio of RBZ Jewellers as of 18-May-2024 12:50 is 24.07.
The latest P/B ratio of RBZ Jewellers as of 18-May-2024 12:50 is 2.50.
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 ₹327.4 ( 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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