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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shubhlaxmi Jewel Art Ltd

About the Company - Shubhlaxmi Jewel Art Ltd

Shubhlaxmi Jewel Art Ltd. is a Public Limited Listed company incorporated on 02/05/2018 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L45100GJ2018PLC102121 and registration number is 102121. Currently Company is involved in the business activities of Manufacture of jewellery and related articles. Company’s Total Operating Revenue is Rs. 61.70 Cr. and Equity Capital is Rs. 8.30 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Diamond Cutting/Precious Metals/JewelleryShop No. 1, Ground Floor, Bhavnagar Gujarat 364002info@shubhlaxmiltd.in
http://www.shubhlaxmiltd.in
Management
NamePosition Held
Mr. Narendrasinh Jesingbhai ChauhanChairman & Managing Director
Mrs. Jagrutiben Narendrasinh ChauhanExecutive Director
Mr. Ankurbhai Maheshbhai PrabtaniNon Exe.Non Ind.Director
Mr. Neelabh KaushikIndependent Director
Ms. Apeksha Sanjaykumar VyasIndependent Director

Shubhlaxmi Jewel Art Ltd. Share Price Update

Share PriceValue
Today₹82.80
Previous Day₹81.70

Basic Stock Data of Shubhlaxmi Jewel Art Ltd

Market Cap 71.3 Cr.
Current Price 81.0
High / Low117/34.2
Stock P/E47.5
Book Value 24.3
Dividend Yield0.00 %
ROCE10.0 %
ROE5.98 %
Face Value 10.0

Data Source: screener.in

Competitors of Shubhlaxmi Jewel Art Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Silgo Retail Ltd 54.7 Cr. 26.636.8/12.218.1 15.60.00 %10.6 %7.95 % 10.0
PC Jeweller Ltd 2,785 Cr. 59.865.5/23.3 69.80.00 %5.33 %5.36 % 10.0
Zodiac JRD MKJ LTD 43.0 Cr. 83.199.8/28.081.2 1360.00 %1.13 %0.99 % 10.0
Titan Company Ltd 3,33,097 Cr. 3,7523,887/2,32096.5 1400.27 %25.1 %30.8 % 1.00
Parshva Enterprises Ltd 212 Cr. 211240/144785 10.60.00 %3.62 %2.12 % 10.0
Industry Average67,238.34 Cr826.50196.1674.400.05%9.16%9.44%8.20

Shubhlaxmi Jewel Art Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales22.4531.028.4620.7023.7137.9935.7441.8626.72
Expenses21.4329.577.2319.1422.8436.9434.7340.6325.17
Operating Profit1.021.451.231.560.871.051.011.231.55
OPM %4.54%4.67%14.54%7.54%3.67%2.76%2.83%2.94%5.80%
Other Income0.000.000.050.000.000.000.050.330.37
Interest0.390.340.340.240.250.500.400.700.55
Depreciation0.070.070.070.070.060.060.060.080.09
Profit before tax0.561.040.871.250.560.490.600.781.28
Tax %23.21%25.00%25.29%24.80%26.79%22.45%26.67%26.92%27.34%
Net Profit0.430.780.650.950.410.370.440.570.93
EPS in Rs0.520.940.781.140.490.450.500.651.06

Shubhlaxmi Jewel Art Ltd Quarterly Chart

Shubhlaxmi Jewel Art Ltd Profit & Loss

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales51.2353.0929.1261.4977.2668.58
Expenses48.8050.6226.3359.4674.8865.80
Operating Profit2.432.472.792.032.382.78
OPM %4.74%4.65%9.58%3.30%3.08%4.05%
Other Income0.010.000.050.000.380.70
Interest0.750.730.580.861.231.25
Depreciation0.330.140.150.120.140.17
Profit before tax1.361.602.111.051.392.06
Tax %25.74%24.38%24.17%24.76%26.62%
Net Profit1.001.211.590.781.021.50
EPS in Rs1.201.461.910.941.161.71
Dividend Payout %0.00%0.00%0.00%0.00%0.00%

Shubhlaxmi Jewel Art Ltd Profit & Loss Yearly Chart

Shubhlaxmi Jewel Art Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:13%
TTM:-7%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-6%
TTM:85%
Stock Price CAGR
10 Years:%
5 Years:8%
3 Years:79%
1 Year:83%
Return on Equity
10 Years:%
5 Years:%
3 Years:7%
Last Year:6%

Shubhlaxmi Jewel Art Ltd Balance Sheet

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8.308.308.308.308.8010.60
Reserves4.335.547.137.919.1310.78
Borrowings7.707.105.016.5511.5311.64
Other Liabilities4.131.824.273.744.836.40
Total Liabilities24.4622.7624.7126.5034.2939.42
Fixed Assets1.992.041.891.791.942.05
CWIP0.000.000.000.000.000.00
Investments0.000.000.000.000.000.00
Other Assets22.4720.7222.8224.7132.3537.37
Total Assets24.4622.7624.7126.5034.2939.42

Shubhlaxmi Jewel Art Ltd Reserves and Borrowings Chart

Shubhlaxmi Jewel Art Ltd Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -14.721.052.35-1.891.23
Cash from Investing Activity -2.32-0.19-0.01-0.020.09
Cash from Financing Activity 17.62-1.00-2.591.86-1.16
Net Cash Flow0.57-0.14-0.25-0.050.16

Shubhlaxmi Jewel Art Ltd Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11.768.8015.7912.826.66
Inventory Days154.36145.68329.99136.97124.92
Days Payable23.774.4133.275.197.40
Cash Conversion Cycle142.34150.07312.51144.60124.18
Working Capital Days118.13121.96229.75128.51131.71
ROCE %11.29%13.00%8.84%10.03%

Shubhlaxmi Jewel Art Ltd Financial Efficiency Indicators Chart

Shubhlaxmi Jewel Art Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters69.63%69.73%69.73%69.73%69.86%69.73%65.79%65.79%65.79%65.79%64.95%64.95%
DIIs0.00%0.19%0.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public30.37%30.09%29.99%30.27%30.14%30.27%34.21%34.21%34.21%34.21%35.05%35.05%
No. of Shareholders430451471452366451579516516516556587

Shubhlaxmi Jewel Art Ltd Shareholding Pattern Chart

No. of Shubhlaxmi Jewel Art Ltd Shareholders

This stock is not held by any mutual fund

Shubhlaxmi Jewel Art Ltd ROCE Trend

Shubhlaxmi Jewel Art Ltd EPS Trend

Shubhlaxmi Jewel Art Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)1.180.941.921.461.50
Diluted EPS (Rs.)1.010.911.921.461.50
Cash EPS (Rs.)1.311.092.101.631.61
Book Value[Excl.RevalReserv]/Share (Rs.)21.0820.5018.5916.6715.21
Book Value[Incl.RevalReserv]/Share (Rs.)21.0820.5018.5916.6715.21
Revenue From Operations / Share (Rs.)88.1474.3135.1264.3962.03
PBDIT / Share (Rs.)2.982.313.422.972.94
PBIT / Share (Rs.)2.822.163.252.802.54
PBT / Share (Rs.)1.581.262.541.931.63
Net Profit / Share (Rs.)1.150.931.921.461.21
PBDIT Margin (%)3.383.109.754.614.73
PBIT Margin (%)3.202.909.244.354.09
PBT Margin (%)1.781.697.232.992.63
Net Profit Margin (%)1.301.265.462.261.94
Return on Networth / Equity (%)5.474.5710.328.737.94
Return on Capital Employeed (%)11.619.3617.2315.2314.65
Return On Assets (%)2.962.936.455.314.10
Long Term Debt / Equity (X)0.140.110.010.100.13
Total Debt / Equity (X)0.620.380.280.460.52
Asset Turnover Ratio (%)2.552.411.232.262.44
Current Ratio (X)2.503.352.512.762.21
Quick Ratio (X)0.610.510.200.240.26
Interest Coverage Ratio (X)2.392.564.873.393.25
Interest Coverage Ratio (Post Tax) (X)1.932.043.732.662.34
Enterprise Value (Cr.)46.9017.7916.0026.4983.34
EV / Net Operating Revenue (X)0.600.280.540.491.62
EV / EBITDA (X)17.869.285.6310.7334.14
MarketCap / Net Operating Revenue (X)0.450.180.400.381.50
Price / BV (X)1.920.660.761.486.11
Price / Net Operating Revenue (X)0.450.180.400.381.50
EarningsYield0.020.060.130.050.01

Shubhlaxmi Jewel Art Ltd Profitability Ratios (%)

Shubhlaxmi Jewel Art Ltd Liquidity Ratios

Shubhlaxmi Jewel Art Ltd Liquidity Ratios (%)

Shubhlaxmi Jewel Art Ltd Interest Coverage Ratios (X)

Shubhlaxmi Jewel Art Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shubhlaxmi Jewel Art Ltd

Fair Value: ₹70.40

The stock is overvalued by 13.08% compared to the current price ₹81

*Investments are subject to market risks

Strength and Weakness of Shubhlaxmi Jewel Art Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (56.80 cr) and profit (1.60 cr) over the years.
  1. The stock has a low average ROCE of 8.63%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 146.01, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 174.74, which may not be favorable.
  4. The company has higher borrowings (8.26) compared to reserves (7.47), which may suggest financial risk.

Should I Buy Shubhlaxmi Jewel Art Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shubhlaxmi Jewel Art Ltd:
    1. Net Profit Margin: 1.30%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.61% (Industry Average ROCE: 9.11%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.93
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.61
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 48.7 (Industry average Stock P/E: 163.2)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.62
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shubhlaxmi Jewel Art Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE