Radhika Jeweltech Ltd - Stock Valuation and Financial Performance

BSE: 540125 | NSE: RADHIKAJWE | Diamond & Jewellery | Small Cap

Radhika Jewel Share Price

64.63 -2.03 -3.05%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Radhika Jewel

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Radhika Jeweltech stock performance -

mw4me loader
P/E Ratio (SA):
17.56
Market Cap:
762.6 Cr.
52-wk low:
27.7
52-wk high:
76

Is Radhika Jeweltech Ltd an attractive stock to invest in?

1. Is Radhika Jeweltech Ltd a good quality company?

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

2. Is Radhika Jeweltech Ltd undervalued or overvalued?

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

3. Is Radhika Jeweltech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Radhika Jeweltech Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Radhika Jewel:

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.
Radhika Jeweltech 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%6.8%8.8%6.9%7.4%5.4%7.6%14.6%13.8%13.3%-
Value Creation
Index
NA-0.5-0.4-0.5-0.5-0.6-0.50.00.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0133136157240173172137233313490
Sales YoY Gr.-NA2.5%15.2%52.8%-27.8%-0.7%-20%69.4%34.4%-
Adj EPS 00.30.10.50.80.50.92.12.32.53.7
YoY Gr.-NA-80.7%783.3%56.6%-34.9%74.1%127.7%7%10%-
BVPS (₹) 011.9291010.711.713.815.918.321.5
Adj Net
Profit
02.636.29.86.31125.327.129.843
Cash Flow from Ops. 0-24.116.5-70.93.8-10.90.46.2-4.1-24-
Debt/CF from Ops. 0-0.10.6-0.915.7-4.558.93.9-5.4-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA5.5%22.1%34.4%
Adj EPS NA24.9%38.9%10%
BVPSNA12.7%16%14.5%
Share Price - 79.2% 174.1% 130%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
02.6368.75.28.316.815.414.818.5
Op. Profit
Mgn %
078.46.999.7819.615.213.112.6
Net Profit
Mgn %
022.244.13.76.418.411.69.58.9
Debt to
Equity
000.10.60.50.40.20.20.10.2-
Working Cap
Days
00224198141225260364252243117
Cash Conv.
Cycle
0021818112621024233323122295

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.50%

Sales growth is growing at healthy rate in last 3 years 22.09%

Net Profit is growing at healthy rate in last 3 years 38.92%

Sales growth is good in last 4 quarters at 84.03%

No data to display

Latest Financials - Radhika Jeweltech Ltd.

Standalone Consolidated
TTM EPS (₹) 3.7 -
TTM Sales (₹ Cr.) 490 -
BVPS (₹.) 21.5 -
Reserves (₹ Cr.) 230 -
P/BV 3.01 -
PE 17.56 -
From the Market
52 Week Low / High (₹) 27.67 / 76.00
All Time Low / High (₹) 2.00 / 76.00
Market Cap (₹ Cr.) 763
Equity (₹ Cr.) 23.6
Face Value (₹) 2
Industry PE 86.1

Management X-Ray of Radhika Jewel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Radhika Jewel

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales133136157240173172137233313
Operating Expenses 123125146218156158114198272
Manufacturing Costs000453255
Material Costs115118142208145144102185256
Employee Cost 851111112
Other Costs 1135510969
Operating Profit 91111221714233541
Operating Profit Margin (%) 7.0%8.4%6.9%9.0%9.7%8.0%16.8%15.1%13.1%
Other Income 115333722
Interest 695453011
Depreciation 000000002
Exceptional Items 000000000
Profit Before Tax 4311201514303640
Tax 1018717910
Profit After Tax 33912813232730
PAT Margin (%) 2.0%2.2%5.9%4.9%4.9%7.5%16.5%11.6%9.5%
Adjusted EPS (₹)0.30.10.81.00.71.11.92.32.5
Dividend Payout Ratio (%)0%0%0%0%0%9%0%0%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 101100106118127138163188215
Share Capital 1710024242424242424
Reserves 8408395103114140164192
Minority Interest000000000
Debt2962604924242233
Long Term Debt29626049240011
Short Term Debt000000242222
Trade Payables027112108
Others Liabilities 1017548911
Total Liabilities 104112176186182168197220268

Fixed Assets

Gross Block2122220216
Accumulated Depreciation000111002
Net Fixed Assets2111110214
CWIP 000000000
Investments 0010202020000
Inventories85818490110119134162225
Trade Receivables000000001
Cash Equivalents 172977684519514214
Others Assets114769111415
Total Assets 104112176186182168197220268

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -2416-714-1106-4-24
PBT 4311201514303640
Adjustment 791325-2-11
Changes in Working Capital -345-81-10-20-12-15-29-55
Tax Paid 0-1-1-9-8-6-6-11-10
Cash Flow From Investing Activity 20-6-733270-2
Capex -1000000-1-2
Net Investments 30-6-7332621
Others 00000000-1
Cash Flow From Financing Activity 27-5154-6-15-290-5-2
Net Proceeds from Shares 31067000000
Net Proceeds from Borrowing 1862-2-11-25000
Interest Paid -6-9-5-5-4-30-10
Dividend Paid 00000-10-2-2
Others 0-4310000-20
Net Cash Flow 51177-10-23-2633-9-28
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.562.958.9510.466.879.6815.0115.414.72
ROCE (%)9.7111.411.0314.0611.29.7217.1218.5617.87
Asset Turnover Ratio1.271.261.091.320.940.980.751.121.28
PAT to CFO Conversion(x)-85.33-7.890.33-1.3800.26-0.15-0.8
Working Capital Days
Receivable Days110011000
Inventory Days232221191132211244337232226
Payable Days1411723516

Radhika Jeweltech Ltd Stock News

Radhika Jeweltech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Radhika Jewel on 28-Mar-2024 16:01 is ₹64.63.
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 Radhika Jewel stood at ₹762.6.
The latest P/E ratio of Radhika Jewel as of 28-Mar-2024 16:01 is 17.56.
The latest P/B ratio of Radhika Jewel as of 28-Mar-2024 16:01 is 3.01.
The 52-week high of Radhika Jewel is ₹76.00 and the 52-week low is ₹27.67.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Radhika Jewel is ₹490.1 ( Cr.) .

About Radhika Jeweltech Ltd

Radhika Jeweltech was originally formed and registered as a partnership firm under the Partnership Act, 1932  in the name and style of “M/s Radhika Jewellers”, pursuant to a deed of partnership dated July 1, 2014. Subsequently, the Constitution and Name of the partnership firm was changed to ‘M/s. Radhika Jeweltech’ pursuant to partnership deed dated May 21, 2016. ‘M/s. Radhika Jeweltech’ was thereafter converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act, 2013 in the name of “Radhika Jeweltech Limited” and received a certificate of incorporation dated July 22, 2016 from the Deputy Registrar of Companies, Central Registration Center, Ministry of Corporate Affairs.

 The Company deals only in jewelry certified by BIS Hallmark. Since the system of hallmarking was legally introduced, Radhika Jewellers had been certified under the system.

Business area of the company

The company is well known and trusted jewellery retailer having showroom on Palace Road, Rajkot, the main market for buying Jewellery. The company primarily sells gold jewellery and diamond studded Jewellery. The design and manufacture of its products is done either in house or by third parties on job work basis. The company’s products have presence across different price points to cater to all customers across high-end, mid-market and value market segments. The company’s almost three decade track record signifies customer trust in quality and purity of its products. Apart from its own Jewellery it is also dealing in trading of branded jewellery.

 

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