Varyaa Creations Ltd - Stock Valuation and Financial Performance

BSE: 544168 | NSE: | Diamond & Jewellery | Small Cap

Varyaa Creations Share Price

120.75 -6.35 -5.00%
as on 18-May'24 12:50

DeciZen - make an informed investing decision on Varyaa Creations

M-Cap below 100cr DeciZen not available

Varyaa Creations stock performance -

mw4me loader
P/E Ratio (SA):
73.28
Market Cap:
57.8 Cr.
52-wk low:
120.8
52-wk high:
299.3

Is Varyaa Creations Ltd an attractive stock to invest in?

1. Is Varyaa Creations Ltd a good quality company?

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

2. Is Varyaa Creations Ltd undervalued or overvalued?

The key valuation ratios of Varyaa Creations Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Varyaa Creations Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Varyaa Creations 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 Varyaa Creations:

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.
Varyaa Creations 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'23TTM
ROCE % -2.8%55.9%190.3%-
Value Creation
Index
NA3.012.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.12.55.25
Sales YoY Gr.-2,644.4%111.7%-
Adj EPS -0.41.72.31.7
YoY Gr.-NA36.3%-
BVPS (₹) -2.3-0.61.750.1
Adj Net
Profit
-0.10.60.81
Cash Flow from Ops. 0.10.13.8-
Debt/CF from Ops. 31.64.80-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA111.7%
Adj EPS NANANA36.3%
BVPSNANANANA
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
16.9-119.6394.96.4
Op. Profit
Mgn %
-59.92518.7NAN
Net Profit
Mgn %
-144.523.515.115.1
Debt to
Equity
-3.7-2.30-
Working Cap
Days
02656150
Cash Conv.
Cycle
0-83870

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.40%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Varyaa Creations Ltd.

Standalone Consolidated
TTM EPS (₹) 1.7 -
TTM Sales (₹ Cr.) 5.2 -
BVPS (₹.) 50.1 -
Reserves (₹ Cr.) 19 -
P/BV 2.41 -
PE 73.28 -
From the Market
52 Week Low / High (₹) 120.75 / 299.25
All Time Low / High (₹) 127.10 / 299.25
Market Cap (₹ Cr.) 57.8
Equity (₹ Cr.) 4.8
Face Value (₹) 10
Industry PE 76.1

Management X-Ray of Varyaa Creations:

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Event Update

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Analyst's Notes

Key Ratios of Varyaa Creations

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales0.092.475.23
Operating Expenses 0.141.854.25
Manufacturing Costs000
Material Costs0.061.764.20
Employee Cost 0.080.070.04
Other Costs 00.020.02
Operating Profit -0.050.620.98
Operating Profit Margin (%) -59.8%25.0%18.7%
Other Income 0.030.060.15
Interest 0.100.100.02
Depreciation 000
Exceptional Items 000
Profit Before Tax -0.130.581.11
Tax 000.32
Profit After Tax -0.130.580.79
PAT Margin (%) -144.0%23.5%15.1%
Adjusted EPS (₹)-0.41.72.3
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund -0.77-0.190.59
Share Capital 0.150.150.15
Reserves -0.92-0.340.44
Minority Interest000
Debt2.840.450
Long Term Debt000
Short Term Debt2.840.450
Trade Payables0.081.1219.08
Others Liabilities 0.040.070.33
Total Liabilities 2.181.4420.01

Fixed Assets

Gross Block0.030.030.04
Accumulated Depreciation0.030.030.03
Net Fixed Assets000
CWIP 000
Investments 000
Inventories1.590.8915.72
Trade Receivables000
Cash Equivalents 0.020.013.80
Others Assets0.580.530.48
Total Assets 2.181.4420.01

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.090.093.81
PBT -0.130.581.11
Adjustment 0.080.100.03
Changes in Working Capital 0.14-0.583
Tax Paid 00-0.32
Cash Flow From Investing Activity 0.0300
Capex 000
Net Investments 000
Others 0.0300
Cash Flow From Financing Activity -0.10-0.10-0.02
Net Proceeds from Shares 000
Net Proceeds from Borrowing 000
Interest Paid -0.10-0.10-0.02
Dividend Paid 000
Others 000
Net Cash Flow 0.0203.79
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/A394.85
ROCE (%)N/AN/A266.47
Asset Turnover Ratio0.041.370.49
PAT to CFO Conversion(x)N/A0.164.82
Working Capital Days
Receivable Days000
Inventory Days6,406183580
Payable Days478124878

Varyaa Creations Ltd Stock News

Varyaa Creations Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Varyaa Creations on 18-May-2024 12:50 is ₹120.8.
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 Varyaa Creations stood at ₹57.84.
The latest P/E ratio of Varyaa Creations as of 18-May-2024 12:50 is 73.28.
The latest P/B ratio of Varyaa Creations as of 18-May-2024 12:50 is 2.41.
The 52-week high of Varyaa Creations is ₹299.2 and the 52-week low is ₹120.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Varyaa Creations is ₹5.23 ( Cr.) .

About Varyaa Creations Ltd

Varyaa Creations Limited was originally incorporated as Kalgi India Private Limited on July 14, 2005 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Mumbai. Subsequently the name of the company was changed from ‘Kalgi India Private Limited’ to ‘Varyaa Creations Private Limited’ under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 04, 2016 and had obtained fresh certificate of incorporation July 19, 2016 issued by the Registrar of Companies, Mumbai. Thereafter, the company was converted in to a public company and consequently name was changed from ‘Varyaa Creations Private Limited’ to ‘Varyaa Creations Limited’ under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on July 19, 2023 and had obtained fresh certificate of incorporation August 18, 2023 issued by the Registrar of Companies, Mumbai.

The company is engaged in the business of wholesale trading of gold, silver, precious stone, and semi-precious stone. The company also intends to focus on manufacturing and selling of jewellery‘s. The company manufactures its jewellery through job worker located in Mumbai. The company has earned its revenues from wholesale trading of gold, silver, precious stone, semiprecious stone and from sales of jewellery. Currently, its products are sold only through the offline market, i.e. from its registered office located in Mumbai. Its customers can also make inquiry through its online platform www.varyaacreations.com. The major raw material used for making its products is gold, precious stones, gemstones, semi-precious stone, silver etc. which is further provided to the job worker who manufacture the jewellery for the company. 

The job worker manufactures its products as per design and pattern provide by the company. Designing of its products are done in-house. It has not entered into any formal contract or agreement with the job worker. It gets its products manufactured based on the orders basis and as and when need basis. It procures gold, silver, gemstones, precious and semi-precious stones majorly through the bullion market and jewellery market dealers located in Mumbai. Its jewellery is widely sold through B2B and B2C platform. It also sells customized jewellery to customers. It offers its jewellery across different price points so as to maximize its potential customer base. It endeavours to maintain the finishing and quality of its jewellery by ensuring control quality, timely delivery and competitive prices. Its product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and it also make customized jewelleries as per customer’s needs.

Business area of the company

The company is engaged in the business of wholesale trading of gold, silver, precious stone, and semi-precious stone. Its product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and it also make customized jewelleries as per customer’s needs.

Products of the company

  • Necklace
  • Earring
  • Ring
  • Bracelet
  • Bangles
  • Gemstones
  • Diamonds
  • Lab grown diamonds
  • Pearls

History and milestones

  • 2005: Incorporated under Companies Act 1956 as Kalgi India Private Limited.
  • 2016: Change in the name of the company from ‘Kalgi India Private Limited’ to ‘Varyaa Creations Private Limited’.
  • 2023: Conversion of Private to Public from ‘Varyaa Creations Private Limited’ to ‘Varyaa Creations Limited’. 

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