Suashish Diamonds Ltd - Stock Valuation and Financial Performance

Name: Suashish Diamonds
Brand: Suashish Diamonds

BSE: 526733 | NSE: SUASHDIMON | Diamond & Jewellery | Small Cap

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Suashish Diamonds stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

6.70

Market Cap:

492.1 Cr.

52-wk low:

235.2

52-wk high:

237.5

Is an attractive stock to invest in?

1. Is a good quality company?

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2. Is undervalued or overvalued?

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3. Is a good buy now?

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10 Year X-Ray of Suashish Diamonds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'06	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	TTM
ROCE % ⓘ	4.4%	7.8%	0.2%	8.7%	3.1%	7.8%	7.3%	6.4%	7.1%	7.3%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	933	978	792	1,263	1,021	1,157	976	713	836	748	748
Sales YoY Gr.	-	4.8%	-19%	59.5%	-19.2%	13.3%	-15.6%	-26.9%	17.2%	-10.5%	-
Adj EPS ⓘ	17.4	23.1	-13.9	37.4	12.8	34.5	28.2	28.2	31.8	35.6	35.4
YoY Gr.	-	32.7%	-160.1%	NA	-65.8%	169.5%	-18.4%	0.3%	12.5%	12%	-
BVPS (₹) ⓘ	243.9	225.2	252.6	286.3	316.1	352.3	382.2	415.5	447.2	482.5	415.5
Adj Net Profit ⓘ	36.1	47.9	-28.8	77.6	26.6	71.6	58.5	58.6	66	73.9	73
Cash Flow from Ops. ⓘ	168	89.4	75.9	118	147	-80.1	32.3	192	111	34	-
Debt/CF from Ops. ⓘ	3.2	8	6.4	9.2	6.3	-4.3	6.7	0.3	1.1	3.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-2.4%	-6%	-8.5%	-10.5%
Adj EPS ⓘ	8.3%	22.7%	8.1%	12%
BVPSⓘ	7.9%	8.8%	8.1%	7.9%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'06	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	TTM
Return on Equity % ⓘ	7.5	11	-5.2	13.9	4.3	10.3	7.7	7.1	7.4	7.7	7.9
Op. Profit Mgn % ⓘ	3.6	5.5	-5.7	0.5	-2.2	4.9	7.4	7.4	7.8	9.4	17.4
Net Profit Mgn % ⓘ	3.9	4.9	-3.6	6.1	2.6	6.2	6	8.2	7.9	9.9	9.8
Debt to Equity ⓘ	1.1	1.5	0.9	1.8	1.4	0.5	0.3	0.1	0.1	0.1	0
Working Cap Days ⓘ	238	162	214	112	121	119	171	185	124	142	105
Cash Conv. Cycle ⓘ	196	114	138	61	54	73	123	127	67	53	77

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

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

Latest Financials - Suashish Diamonds Ltd.

	Standalone	Consolidated
TTM EPS (₹)	35.4	32.8
TTM Sales (₹ Cr.)	748	712
BVPS (₹.) ⓘ	415.5	481.3
Reserves (₹ Cr.) ⓘ	842	979
P/BV ⓘ	0.57	0.49
PE ⓘ	6.70	7.23

From the Market
52 Week Low / High (₹)	235.15 / 237.45
All Time Low / High (₹)	14.00 / 480.00
Market Cap (₹ Cr.)	492
Equity (₹ Cr.)	20.8
Face Value (₹)	10
Industry PE ⓘ	82.5

Management X-Ray of Suashish Diamonds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Suashish Diamonds

Analyst's Notes

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Key Ratios of Suashish Diamonds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'06	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Sales	933.47	1,222.97	792.11	1,263.07	1,020.86	1,156.90	976.10	713.28	835.94	748.47
Operating Expenses ⓘ	910.51	1,155.62	877.40	1,271.80	1,071.33	1,149.47	904.31	661.22	775.74	678.52
Manufacturing Costs	59.49	68.40	36.99	13.40	15.33	26.79	29.45	35.40	39.60	8.85
Material Costs	810.05	1,037.47	707.35	1,225.51	998.47	1,045.71	845.89	595.52	686.66	574.09
Employee Cost	4.98	10.80	8.20	4.69	6.55	10.27	11.54	14.80	26.43	41.39
Other Costs ⓘ	35.99	38.95	124.86	28.19	50.98	66.70	17.43	15.51	23.05	54.18
Operating Profit ⓘ	22.95	67.35	-85.29	-8.73	-50.47	7.42	71.79	52.06	60.20	69.95
Operating Profit Margin (%)	2.5%	5.5%	-10.8%	-0.7%	-4.9%	0.6%	7.4%	7.3%	7.2%	9.3%
Other Income ⓘ	46.31	111.84	75.56	156.86	166.68	85.92	33.76	30.01	31.32	29.06
Interest ⓘ	15.06	54.44	44.37	55.95	35.16	45.90	25.65	4.37	5.25	6.36
Depreciation ⓘ	3.32	4.22	3.22	2.73	2.69	3.79	3.75	4.03	4.63	4.33
Exceptional Items ⓘ	0	0	-7.58	0	-1.76	0	0	13.98	0	0
Profit Before Tax ⓘ	50.88	120.53	-64.90	89.45	76.61	43.65	76.15	87.64	81.64	88.32
Tax ⓘ	7.56	37.71	-5.07	19.05	14.75	6.14	14.06	18.44	15.80	14.84
Profit After Tax	43.32	82.82	-59.83	70.40	61.86	37.51	62.09	69.20	65.84	73.48
PAT Margin (%)	4.6%	6.8%	-7.6%	5.6%	6.1%	3.2%	6.4%	9.7%	7.9%	9.8%
Adjusted EPS (₹)	20.9	39.9	-28.8	33.9	29.8	18.1	29.9	33.3	31.7	35.4
Dividend Payout Ratio (%)	7%	5%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'06	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Equity and Liabilities
Shareholders Fund	506.44	584.42	524.60	594.48	656.34	731.46	793.54	862.74	928.58	1,002.22
Share Capital ⓘ	20.81	20.81	20.81	20.81	20.81	20.81	20.81	20.81	20.81	20.82
Reserves ⓘ	485.62	563.60	503.79	573.67	635.52	710.64	772.73	841.93	907.77	981.41
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	531.98	893.53	487.21	1,087.05	927.91	347.52	216.74	53.12	123.96	104.78
Long Term Debt	531.98	893.53	487.21	1,087.05	0	0	0	0	0	0
Short Term Debt	0	0	0	0	927.91	347.52	216.74	53.12	123.96	104.78
Trade Payables	64.22	49.31	25.13	41.83	29.92	28.93	56.54	48.13	159.36	97.68
Others Liabilities ⓘ	29.43	68.92	58.43	57.90	20.88	57.82	15.75	10.97	6.73	12.91
Total Liabilities ⓘ	1,132.07	1,596.17	1,095.37	1,781.25	1,635.05	1,165.72	1,082.57	974.96	1,218.63	1,217.59
Fixed Assets
Gross Block	57.96	67.66	65.21	65.10	72.38	87.04	76.53	81.56	81.38	86.36
Accumulated Depreciation	36.41	38.66	40.23	42.72	44.09	48.40	46.41	50.20	53.50	57.64
Net Fixed Assetsⓘ	21.56	29.01	24.97	22.38	28.29	38.64	30.12	31.36	27.89	28.73
CWIP ⓘ	7.58	8.09	8.13	8.08	0.26	1.73	2.30	1.05	0.79	0.10
Investmentsⓘ	59.22	323.78	189.80	235.52	415.97	394.73	477.89	579.39	717.97	863.42
Inventories	188.94	93.75	168.12	127.68	82.12	143.98	115.83	37.75	97.28	39.38
Trade Receivables	307.53	302.01	104.81	94.62	71.97	227.45	265.24	200.92	196.04	193.18
Cash Equivalents	485.57	709.63	470.16	1,142.66	885.61	278.85	111.90	101.31	165.52	50.40
Others Assetsⓘ	61.67	129.92	129.37	150.32	150.84	80.33	79.29	23.18	13.15	42.38
Total Assets ⓘ	1,132.07	1,596.17	1,095.37	1,781.25	1,635.05	1,165.72	1,082.57	974.96	1,218.63	1,217.59

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'06	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Cash Flow From Operating Activity ⓘ	168	111.80	75.91	118.07	146.89	-80.11	32.31	191.92	110.66	33.99
PBT ⓘ	50.88	120.53	-57.32	89.45	78.37	43.65	76.15	87.64	81.64	88.32
Adjustment ⓘ	13.29	-16.57	9.41	0.76	10.74	-3.40	-5.06	-25.95	-13.34	-19.40
Changes in Working Capital ⓘ	110.6	42.12	130.5	35.27	65.88	-108.53	-25.57	145.5	56.16	-18.89
Tax Paid ⓘ	-6.80	-34.28	-6.68	-7.41	-8.10	-11.83	-13.21	-15.28	-13.80	-16.03
Cash Flow From Investing Activity ⓘ	73.56	-235.15	142.89	-39.61	-170.35	19.96	-73.05	-36.93	-114.55	-33.54
Capex	-2.38	-10.18	3.92	-0.11	-0.67	-5	-23.36	15.99	-1.18	-4.40
Net Investments	100.60	-264.56	130.13	-45.72	-182.21	21.19	-77.37	-85.64	-133.42	0
Others ⓘ	-24.66	39.59	8.84	6.23	12.53	3.77	27.69	32.73	20.05	-29.14
Cash Flow From Financing Activityⓘ	-244.41	123.21	-213.65	-29.69	-26.94	60.18	49.66	-155.24	17.94	26.41
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0.01
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	4.75	-2.77	-33.76	4.61	-15.05	-10.42	0	-1.94	-2.57	-3.06
Dividend Paid ⓘ	-3.54	-3.55	-4.54	0.01	0	0	0	-0.01	-0.01	0
Others ⓘ	-245.61	129.53	-175.34	-34.31	-11.89	70.60	49.66	-153.28	20.52	29.46
Net Cash Flow ⓘ	-2.85	-0.14	5.15	48.77	-50.40	0.02	8.93	-0.25	14.05	26.87

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'06	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Ratios
ROE (%)	9.02	15.19	-10.79	12.58	9.89	5.41	8.14	8.36	7.35	7.61
ROCE (%)	6.25	13.91	-1.65	10.8	6.84	6.73	9.75	9.55	8.83	8.77
Asset Turnover Ratio	0.81	0.9	0.59	0.88	0.6	0.83	0.87	0.69	0.76	0.61
PAT to CFO Conversion(x)	3.88	1.35	N/A	1.68	2.37	-2.14	0.52	2.77	1.68	0.46
Working Capital Days
Receivable Days	119	91	94	29	30	47	92	119	87	95
Inventory Days	101	42	60	43	38	36	49	39	29	33
Payable Days	25	20	19	10	13	10	18	32	55	82

Suashish Diamonds Ltd Stock News

Suashish Diamonds Ltd FAQs

What is the share price of Suashish Diamonds?

Company share prices are keep on changing according to the market conditions. The closing price of Suashish Diamonds on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Suashish Diamonds?

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 01-Jan-1970 05:30 the market cap of Suashish Diamonds stood at ₹492.1.

What is the P/E ratio of Suashish Diamonds?

The latest P/E ratio of Suashish Diamonds as of 01-Jan-1970 05:30 is 6.70.

What is the P/B ratio of Suashish Diamonds?

The latest P/B ratio of Suashish Diamonds as of 01-Jan-1970 05:30 is 0.57.

What is the 52-week high and low of Suashish Diamonds?

The 52-week high of Suashish Diamonds is ₹237.4 and the 52-week low is ₹235.2.

What is the TTM revenue of Suashish Diamonds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suashish Diamonds is ₹748.5 ( Cr.) .

About Suashish Diamonds Ltd

Suashish Diamonds company was incorporated in 1988.Established over 4 decades ago, it is one of the Indiaâ€™s leading diamond and jewellwry manufactures and exporters. It is the sight holder of DTC International and DTC Botswana, and is listed at BSE.

Suashish is a fascinating world of natural diamonds and diamond studded jewellery. A world where traditional skills of sourcing, cutting and polishing diamonds come together with the most advanced manufacturing processes and systems, including the worldâ€™s largest conglomeration of laser cutting machines under one roof.

Suashish is a Sightholder of DTC International as well as of DTC Botswana and is vertically integrated from manufacturing of diamonds, jewellery to having its own retail distribution. The Group has been in the diamond business for over 5 decades and manufactures and stocks a complete range of Round White diamonds from 0.005 pts up to 2cts in all qualities.

Product range of the company includes:

Prepared Rough It is the area of core competency of Suashish. The group offers a ranfe of rough diamonds carefully assorted keeping in mind the characterstics of the rough, the manufacturing process and the resultant end polish. The group also sells Makeable Kaps i.e. rough made to optimum shape ready for polishing.
Diamond manufacturing â€¢ Specialize in diamonds from 0.005 points upto 2 carats- round and Marquise.â€¢ 30+ polishing factories spread across western parts of India, employing over 10000 people.â€¢ Worldâ€™s largest conglomeration of 60 laser machines processing over 3 million cts. Rough p.a.
Jewellery manufacturing Flagship manufacturing company spred across 100000 sq. ft. at Borivali, Mumbai. It has the capacity to manufacture over 1.5 million pieces, employing over 800 workers. It direct vendors to major retailers in US, UK and Canada. It make an extensive use of CAD/CAM technology. It has design studios in India and China creating over 500 designs every month. It makes sure that the jewellery manufactured is of assured quality.

Milestones:

1960: Late Shri S Goenka started the diamond business.
1972: Goenka Trading Company, the predecessor of Suashish Diamonda Limited was established
1986: The company attained DTC sightholder status.
1988: Suashish Diamond was incorporated
1994: Opened 1st overseas office in Hong Kong by incorporating Suashish Diamonds(HK) to expand business to far east.Government of India awarded Suashish the status of Star Trading House based on export performance.
1999: commenced jewellery business
2003: Ishiâ€™s brand launched with opening of retail shops in India and UAE
2005: Distribution network expanded to China.Ishiâ€™s won 3 Retail Jewellers Awards, best diamond jewellery design, excellence in jewellery retailing, and best brand promotion of the year.
2007: Started state-of-art diamond manufacturing plant at Botswana Ranked 25th by Business World & 36th by The Economic Times out of top 500 companies of India. Ranked 27th among the top 100 wealth creators in India.
2008: Established new state-of-art jewellery manufacturing factory in SEEPZ at Andheri, Mumbai.
2012- Scheme of Amalgamation of the Company's Wholly-owned subsidiary Suashish Jewelry India Ltd. with the Company (Suashish Diamonds Ltd.)