Eighty Jewellers Ltd - Stock Valuation and Financial Performance

BSE: 543518 | NSE: | Diamond & Jewellery | Small Cap

Eighty Jewellers Share Price

46.81 2.81 6.39%
as on 28-Mar'24 16:01

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Eighty Jewellers stock performance -

mw4me loader
P/E Ratio (SA):
33.04
Market Cap:
47 Cr.
52-wk low:
40
52-wk high:
67.9

Is Eighty Jewellers Ltd an attractive stock to invest in?

1. Is Eighty Jewellers Ltd a good quality company?

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

2. Is Eighty Jewellers Ltd undervalued or overvalued?

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

3. Is Eighty Jewellers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Eighty 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 Eighty 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.
Eighty 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'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.3%14.5%23.5%14.5%8.2%-
Value Creation
Index
-0.10.00.70.0-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 81.664.578.311693.994
Sales YoY Gr.--20.9%21.4%48.5%-19.3%-
Adj EPS 1.42.15.12.71.31.4
YoY Gr.-51.1%145.4%-46.3%-50.9%-
BVPS (₹) 0012.415.223.423.4
Adj Net
Profit
11.63.82.11.41
Cash Flow from Ops. 1.9-1.62.30.5-9-
Debt/CF from Ops. 6.5-104.812.5-1.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA13.3%-19.3%
Adj EPS NANA-13.5%-50.9%
BVPSNANANA54.3%
Share Price - - - -9.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.932.751.519.87.85.9
Op. Profit
Mgn %
3.55.78.12.72.9NAN
Net Profit
Mgn %
1.32.44.91.81.51.5
Debt to
Equity
3.12.81.20.50.4-
Working Cap
Days
0154134891280
Cash Conv.
Cycle
01089860950

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.32%

Debt to equity has declined versus last 3 years average to 0.41

Return on Equity has declined versus last 3 years average to 5.90%

Net Profit has been subdued in last 3 years -13.49%

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

Latest Financials - Eighty Jewellers Ltd.

Standalone Consolidated
TTM EPS (₹) 1.4 -
TTM Sales (₹ Cr.) 93.9 -
BVPS (₹.) 23.4 -
Reserves (₹ Cr.) 14 -
P/BV 1.97 -
PE 33.04 -
From the Market
52 Week Low / High (₹) 40.00 / 67.90
All Time Low / High (₹) 35.05 / 79.55
Market Cap (₹ Cr.) 47
Equity (₹ Cr.) 10.2
Face Value (₹) 10
Industry PE 86.1

Management X-Ray of Eighty 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 Eighty Jewellers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales81.5964.5378.31116.3193.91
Operating Expenses 78.7360.8872113.1591.16
Manufacturing Costs0.160.110.090.040.10
Material Costs74.3956.6268.24110.2187.77
Employee Cost 0.200.250.270.140.50
Other Costs 3.983.893.392.762.80
Operating Profit 2.853.656.313.162.74
Operating Profit Margin (%) 3.5%5.7%8.1%2.7%2.9%
Other Income 0.330.380.380.970.38
Interest 1.361.641.530.961.02
Depreciation 0.420.280.190.130.10
Exceptional Items 00000
Profit Before Tax 1.412.104.973.052
Tax 0.400.551.130.970.58
Profit After Tax 11.553.842.081.42
PAT Margin (%) 1.2%2.4%4.9%1.8%1.5%
Adjusted EPS (₹)1.32.15.12.81.4
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3.975.529.2911.3723.86
Share Capital 0.830.830.837.5010.20
Reserves 3.134.698.453.8713.66
Minority Interest00000
Debt12.1715.6510.995.739.71
Long Term Debt2.221.791.570.920.27
Short Term Debt9.9513.869.424.819.44
Trade Payables7.626.862.059.913.15
Others Liabilities 3.593.589.494.323.41
Total Liabilities 27.3431.6131.8231.3340.13

Fixed Assets

Gross Block1.951.961.971.972.09
Accumulated Depreciation1.021.301.491.611.71
Net Fixed Assets0.930.660.490.360.37
CWIP 00000
Investments 1.291.572.042.461.85
Inventories22.6226.6023.2423.1431.92
Trade Receivables1.601.880.373.642.81
Cash Equivalents 0.090.141.120.150.33
Others Assets0.830.764.571.592.84
Total Assets 27.3431.6131.8231.3340.13

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.88-1.572.290.46-8.96
PBT 1.412.104.973.052
Adjustment 1.641.811.640.980.84
Changes in Working Capital -0.75-4.94-3.75-2.6-11.23
Tax Paid -0.41-0.55-0.58-0.97-0.58
Cash Flow From Investing Activity -0.69-0.28-0.920.430.07
Capex 0-0.01-0.020-0.12
Net Investments -0.71-0.28-0.41-0.320.19
Others 0.030.01-0.500.750
Cash Flow From Financing Activity -1.561.91-0.39-1.869.08
Net Proceeds from Shares 000011.07
Net Proceeds from Borrowing 0.20-0.430-0.91-0.98
Interest Paid -1.31-1.57-1.52-0.96-1.02
Dividend Paid 00000
Others -0.453.901.1300
Net Cash Flow -0.360.050.98-0.970.18
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)25.2632.7451.9220.128.08
ROCE (%)17.1620.0931.3821.4411.94
Asset Turnover Ratio2.982.192.473.682.63
PAT to CFO Conversion(x)1.88-1.010.60.22-6.31
Working Capital Days
Receivable Days7105613
Inventory Days10113911673107
Payable Days3747242027

Eighty Jewellers Ltd Stock News

Eighty Jewellers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Eighty Jewellers on 28-Mar-2024 16:01 is ₹46.81.
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 28-Mar-2024 16:01 the market cap of Eighty Jewellers stood at ₹47.01.
The latest P/E ratio of Eighty Jewellers as of 28-Mar-2024 16:01 is 33.04.
The latest P/B ratio of Eighty Jewellers as of 28-Mar-2024 16:01 is 1.97.
The 52-week high of Eighty Jewellers is ₹67.90 and the 52-week low is ₹40.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eighty Jewellers is ₹93.91 ( Cr.) .

About Eighty Jewellers Ltd

Eighty Jewellers is part of the Anopchand Tilokchand group which is a well-known name and established brand in the Jewellery sector since many decades in and around Chhattisgarh. It is currently engaged as a master franchisee of Anopchand Tilokchand Jewellers Private Limited (ATJPL) and involved in the trading of various jewelleries, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones under the B2B model in the name “Anopchand Tilokchand Jewellers”. Its product portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items and other wedding jewellery. Its products cater to the customers across high-end, mid-market and value market segments.

The company is currently operating on a B2B business Model and offer its customers a broad variety of jewelleries, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones in order to cater to both regional and modern tastes. It also deals in diamond and silver jewellery and ornaments. It procures its majority stock of jewellery from its group Company Anopchand Tilokchand Jewelers Private Limited and Adorable Jewels India Pvt. Ltd. who undertake the major designing and job work of its products. But sometimes it also gets the items manufactures from independent job workers depending upon the customer requirements and taste.

Business area of the company

The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers.

Key Events and Milestones

  • 2010: Incorporation of the Company in the name of the ‘Eighty Jewellers Private Limited’.
  • 2013: Opening of Branch in Ahmedabad, Gujarat.
  • 2014: Entering into Franchisee arrangements with Anopchand Tilokchand Jewellers Private Limited.
  • 2014: Arrangement with Sub-franchisee i.e., M/s. Chhattisgarh sales Corporation for opening of Showroom at Korba.
  • 2018: Started selling goods with Grand Bhagwati Store at Bilaspur under Anopchand Tilokchand name.
  • 2018: Opening of Branch in Andheri (W), Mumbai to enhance online trading business.
  • 2018: Discontinuation of the Branch at Ahmedabad, Gujarat.
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