Veerkrupa Jewellers Ltd - Stock Valuation and Financial Performance

BSE: 543545 | NSE: | Trading | Small Cap

Veerkrupa Jewellers Share Price

1.84 0.08 4.55%
as on 12-Jul'24 16:01

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Veerkrupa Jewellers stock performance -

mw4me loader
P/E Ratio (SA):
98.29
Market Cap:
24 Cr.
52-wk low:
1.2
52-wk high:
2.9

Is Veerkrupa Jewellers Ltd an attractive stock to invest in?

1. Is Veerkrupa Jewellers Ltd a good quality company?

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

2. Is Veerkrupa Jewellers Ltd undervalued or overvalued?

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

3. Is Veerkrupa Jewellers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Veerkrupa 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 Veerkrupa 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.
Veerkrupa 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'20Mar'21Mar'22Mar'23TTM
ROCE % 0.2%0.2%0.3%0.5%-
Value Creation
Index
-1.0-1.0-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 114.612.318.814
Sales YoY Gr.--57.7%164.8%53.3%-
Adj EPS 00000
YoY Gr.-NANANA-
BVPS (₹) 110.611.4
Adj Net
Profit
00000
Cash Flow from Ops. -4.30-0.3-8.8-
Debt/CF from Ops. 00-1.3-0.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA19.7%53.3%
Adj EPS NANANANA
BVPSNANA1.4%63.9%
Share Price - - - -14.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.20.20.20.51.7
Op. Profit
Mgn %
0.10.70.30.4NAN
Net Profit
Mgn %
0.10.20.10.21.9
Debt to
Equity
000.10.1-
Working Cap
Days
05863012400
Cash Conv.
Cycle
04811631870

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.70%

Sales growth is growing at healthy rate in last 3 years 19.74%

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 - Veerkrupa Jewellers Ltd.

Standalone Consolidated
TTM EPS (₹) 0 -
TTM Sales (₹ Cr.) 13.9 -
BVPS (₹.) 1.4 -
Reserves (₹ Cr.) 5 -
P/BV 1.31 -
PE 98.29 -
From the Market
52 Week Low / High (₹) 1.20 / 2.91
All Time Low / High (₹) 1.20 / 8.76
Market Cap (₹ Cr.) 24
Equity (₹ Cr.) 13.1
Face Value (₹) 1
Industry PE 75

Management X-Ray of Veerkrupa Jewellers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Veerkrupa Jewellers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales10.954.6312.2618.80
Operating Expenses 10.934.5912.2218.72
Manufacturing Costs00.010.010.01
Material Costs10.874.5211.9617.72
Employee Cost 0.040.030.090.13
Other Costs 0.030.030.160.85
Operating Profit 0.010.030.040.08
Operating Profit Margin (%) 0.1%0.7%0.3%0.4%
Other Income 00.0100
Interest 000.010.02
Depreciation 0.010.020.020.01
Exceptional Items 0000
Profit Before Tax 0.010.020.010.05
Tax 0000.01
Profit After Tax 0.010.010.010.04
PAT Margin (%) 0.1%0.2%0.1%0.2%
Adjusted EPS (₹)0.00.00.00.0
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 4.904.914.9213.06
Share Capital 1.871.874.867.86
Reserves 3.033.040.055.20
Minority Interest0000
Debt000.421.13
Long Term Debt0000
Short Term Debt000.421.13
Trade Payables0.305.424.810.81
Others Liabilities 0.010.020.020.03
Total Liabilities 5.2010.3510.1715.02

Fixed Assets

Gross Block0.040.090.100.10
Accumulated Depreciation0.010.030.050.06
Net Fixed Assets0.040.060.050.04
CWIP 0000
Investments 0000.12
Inventories3.347.239.4013.98
Trade Receivables1.262.820.330.26
Cash Equivalents 0.510.040.120.13
Others Assets0.070.200.270.50
Total Assets 5.2010.3510.1715.02

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -4.340.04-0.33-8.78
PBT 0.010.020.010.05
Adjustment 0.010.020.020.01
Changes in Working Capital -4.350-0.36-8.85
Tax Paid 0000
Cash Flow From Investing Activity -0.040.09-0.01-0.01
Capex -0.040.09-0.01-0.01
Net Investments 0000
Others 0000
Cash Flow From Financing Activity 4.8900.428.81
Net Proceeds from Shares 4.89008.10
Net Proceeds from Borrowing 0000
Interest Paid 0000
Dividend Paid 0000
Others 000.420.71
Net Cash Flow 0.510.130.080.01
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.150.220.180.46
ROCE (%)0.150.310.40.67
Asset Turnover Ratio2.10.61.21.49
PAT to CFO Conversion(x)-4344-33-219.5
Working Capital Days
Receivable Days42161476
Inventory Days111417248227
Payable Days1023115658

Veerkrupa Jewellers Ltd Stock News

Veerkrupa Jewellers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Veerkrupa Jewellers on 12-Jul-2024 16:01 is ₹1.84.
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 12-Jul-2024 16:01 the market cap of Veerkrupa Jewellers stood at ₹23.98.
The latest P/E ratio of Veerkrupa Jewellers as of 12-Jul-2024 16:01 is 98.29.
The latest P/B ratio of Veerkrupa Jewellers as of 12-Jul-2024 16:01 is 1.31.
The 52-week high of Veerkrupa Jewellers is ₹2.91 and the 52-week low is ₹1.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Veerkrupa Jewellers is ₹13.85 ( Cr.) .

About Veerkrupa Jewellers Ltd

The Company was originally incorporated as Veerkrupa Jewellers Private Limited on September 13, 2019 under the Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently the name of the company was changed from “Veerkrupa Jewellers Private Limited” to “Veerkrupa Jewellers Limited” under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on January 07, 2020 and had obtained fresh certificate of incorporation dated January 17, 2020 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli.

Veerkrupa Jewellers commenced its operations by setting up a showroom in Naroda, Ahmedabad and over the years it had opened its 2nd show room in Narol, Ahmedabad. Its Showrooms with an area of 1050 square feet offer luxurious experience and customer services. Its collection of jewellery in both the showrooms reflects regional customer preferences and designs. Its wide range of jewellery designs, across various price points caters to customers across all market segments. The company’s jewellery business includes the sale of jewellery made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Its product profile includes designer, traditional, modern and combined designs of jewellery at best prices. The variety of jewellery offered enhances its efficiency and enables it to attract and retain the ever growing customer base and relationship. Its aim and focus on design and innovation, its ability to recognize consumer preferences and market trends, the intricacy of its designs and the quality of its products are its key strengths.

Business area of the company

The company essentially sells wide range of products for different occasions including special occasions, such as weddings and party-wear, jewellery for personal milestones, festival jewellery, daily-wear jewellery, kid’s jewellery and men’s jewellery. Each collection serves customers with different needs and preferences for different designs at various and best price range. Its jewellery is made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Its product profile includes designer, traditional, modern and combined designs of jewellery such as earrings, chains, bracelets, gold/silver bars, Bands, Mandalsutra, Pendant sets and chains, Anklets, Waist Belts and necklaces. Besides this, it also sells Hand tools, pooja items, decorative items in silver. Its wide range of product offerings caters to diverse customer segments, from the high-end to mid-market and value market segments. It sale its jewellery from its showrooms located in Naroda and Narol. The gold, silver, diamond and other jewellery inventory in the showrooms reflect regional customer preferences and designs. Some of its highest selling products are rings, earrings, chains, mangalsutra, bracelate.

Major Events and Milestones

  • 2019: Incorporated under Companies Act, 2013 as “Veerkrupa Jewellers Private Limited”.
  • 2020: Entered into business succession agreement dated January 01, 2020 with Veerkrupa Jewellers (Proprietary firm of Chirag Arvind Shah).
  • 2020: Converted the Company to Public Limited from Private Limited.
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