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Past 10 year’s financial track record analysis by Moneyworks4me indicates that Khazanchi Jewellers Ltd is a below average quality company.
The key valuation ratios of Khazanchi Jewellers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Khazanchi Jewellers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 6.2% | 5.8% | 5.7% | 10.2% | - |
| Value Creation Index ⓘ | -0.6 | -0.6 | -0.6 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 361 | 382 | 257 | 481 | 481 |
| Sales YoY Gr. | - | 5.7% | -32.7% | 87.1% | - |
| Adj EPS ⓘ | 2.3 | 2.7 | 3.1 | 7.4 | 3.1 |
| YoY Gr. | - | 15.5% | 14.6% | 141.4% | - |
| BVPS (₹) ⓘ | 22.9 | 25.6 | 28.9 | 36.3 | 64.8 |
| Adj Net Profit ⓘ | 2.3 | 2.7 | 3.1 | 7.4 | 8 |
| Cash Flow from Ops. ⓘ | 6.2 | 4.5 | -1.1 | 5.8 | - |
| Debt/CF from Ops. ⓘ | 12.5 | 16.6 | -74.1 | 14.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 10% | 87.1% | ||||
| Adj EPS ⓘ | NA | NA | 47.3% | 141.4% | ||||
| BVPSⓘ | NA | NA | 16.7% | 25.6% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.2 | 11 | 11.3 | 22.7 | 6.1 |
| Op. Profit Mgn % ⓘ | 2.2 | 2 | 2.9 | 3.3 | NAN |
| Net Profit Mgn % ⓘ | 0.6 | 0.7 | 1.2 | 1.5 | 1.6 |
| Debt to Equity ⓘ | 3.4 | 2.9 | 2.9 | 2.4 | - |
| Working Cap Days ⓘ | 0 | 92 | 151 | 92 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 84 | 133 | 78 | 0 |
Net Profit is growing at healthy rate in last 3 years 47.27%
Debt to equity has declined versus last 3 years average to 2.35
Return on Equity has declined versus last 3 years average to 6.10%
Sales growth has been subdued in last 3 years 10.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | - |
| TTM Sales (₹ Cr.) | 481 | - |
| BVPS (₹.) ⓘ | 64.8 | - |
| Reserves (₹ Cr.) ⓘ | 136 | - |
| P/BV ⓘ | 5.26 | - |
| PE ⓘ | 111.49 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 142.30 / 362.00 |
| All Time Low / High (₹) | 142.30 / 362.00 |
| Market Cap (₹ Cr.) | 843 |
| Equity (₹ Cr.) | 24.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 77.6 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Sales | 361 | 382 | 257 | 481 |
| Operating Expenses ⓘ | 353 | 374 | 249 | 465 |
| Manufacturing Costs | 0 | 0 | 0 | 0 |
| Material Costs | 351 | 367 | 245 | 463 |
| Employee Cost | 1 | 1 | 1 | 1 |
| Other Costs ⓘ | 1 | 6 | 3 | 1 |
| Operating Profit ⓘ | 8 | 8 | 8 | 16 |
| Operating Profit Margin (%) | 2.2% | 2.0% | 2.9% | 3.3% |
| Other Income ⓘ | 1 | 1 | 1 | 1 |
| Interest ⓘ | 6 | 5 | 4 | 6 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 4 | 4 | 10 |
| Tax ⓘ | 1 | 1 | 1 | 3 |
| Profit After Tax | 2 | 3 | 3 | 8 |
| PAT Margin (%) | 0.6% | 0.7% | 1.3% | 1.6% |
| Adjusted EPS (₹) | 2.3 | 2.8 | 3.3 | 7.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 23 | 25 | 29 | 36 | ||||||
| Share Capital ⓘ | 10 | 10 | 10 | 10 | ||||||
| Reserves ⓘ | 13 | 16 | 19 | 26 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 78 | 46 | 54 | 52 | ||||||
| Long Term Debt | 78 | 46 | 54 | 52 | ||||||
| Short Term Debt | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 3 | 12 | 11 | 23 | ||||||
| Others Liabilities ⓘ | 1 | 30 | 31 | 34 | ||||||
| Total Liabilities ⓘ | 104 | 113 | 124 | 145 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 14 | 9 | 13 | 13 | ||||||
| Accumulated Depreciation | 0 | 0 | 1 | 1 | ||||||
| Net Fixed Assetsⓘ | 13 | 9 | 13 | 13 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 87 | 101 | 106 | 128 | ||||||
| Trade Receivables | 1 | 1 | 3 | 2 | ||||||
| Cash Equivalents | 0 | 2 | 2 | 0 | ||||||
| Others Assetsⓘ | 2 | 1 | 1 | 2 | ||||||
| Total Assets ⓘ | 104 | 113 | 124 | 145 | ||||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 5 | -1 | 6 |
| PBT ⓘ | 3 | 4 | 4 | 10 |
| Adjustment ⓘ | 5 | 5 | 4 | 6 |
| Changes in Working Capital ⓘ | -1 | -3 | -9 | -8 |
| Tax Paid ⓘ | -1 | -1 | -1 | -3 |
| Cash Flow From Investing Activity ⓘ | -4 | 4 | -4 | -1 |
| Capex | -4 | 4 | -4 | 0 |
| Net Investments | 0 | 0 | 0 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -4 | -8 | 5 | -6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1 | -32 | 8 | -1 |
| Interest Paid ⓘ | -6 | -5 | -4 | -6 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 29 | 2 | 2 |
| Net Cash Flow ⓘ | -2 | 1 | 0 | -1 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.17 | 11.45 | 12.06 | 23.36 | ||||||
| ROCE (%) | 8.53 | 8.14 | 7.94 | 14.33 | ||||||
| Asset Turnover Ratio | 3.48 | 3.52 | 2.16 | 3.57 | ||||||
| PAT to CFO Conversion(x) | 3 | 1.67 | -0.33 | 0.75 | Working Capital Days | |||||
| Receivable Days | 1 | 1 | 3 | 2 | ||||||
| Inventory Days | 87 | 90 | 147 | 89 | ||||||
| Payable Days | 3 | 7 | 17 | 13 | ||||||
The company was incorporated as private limited Company under the name ‘Khazanchi Jewellers Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 25, 1996 issued by Registrar of Companies, Chennai, Tamil Nadu. The company was subsequently converted into a public limited company pursuant to approval of the Shareholders at an Extraordinary General meeting held on January 23, 2023 and consequently, the name of the company was changed to ‘Khazanchi Jewellers Limited’ and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by Registrar of Companies, Chennai, Tamil Nadu on April 27. 2023.
Khazanchi Jewellers is a prominent player in the Indian jewellery industry, with a strong presence in both wholesale and retail sectors. It specializes in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars. Its jewellery business has a rich history spanning over three decades in the Indian jewellery industry. Its promoters are experienced entrepreneurs with many years of expertise in the field. It offers a diverse range of jewellery products and is dedicated to designing, manufacturing, and selling high-quality jewellery that includes necklaces, chains, rings, earrings, bangles, bracelets, pendants, nose pins, mangalsutras, and kadas. Its focus is on creating exquisite wedding jewellery and other pieces suitable for festive occasions.
The company holds a BIS Hallmark Certificate, a qualified jeweller to carry out transactions on the IIBX (India International Bullion Exchange IFSC) platform for the purpose of import of gold and it holds a Import Export Certificate. It strives to deliver excellence, consistently. Its constant endeavour is to maintain the highest standard and quality of its gold, diamonds and precious stones used in its jewel pieces. It is offering an experience that takes into consideration its customer's unique needs and preferences.
Business area of the company
The company is engaged in the Jewellery segment. It primarily deals in Gold and Silver Jewelry. Their wide product range constitutes earrings, necklaces, chains, pendants, rings, bangles, bracelets, nose pins, mangalsutra and so on.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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