BSE:531506

Stock Analysis Report

Executive Summary

Shukra Bullions Limited manufactures and sells gems, diamonds, plain and studded gold, and silver jewellery in India.

Rewards

Became profitable this year

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Makes less than USD$1m in revenue (₹36M)

Does not have a meaningful market cap (₹85M)



Snowflake Analysis

Mediocre balance sheet with questionable track record.

Share Price & News

How has Shukra Bullions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 531506 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

531506

0.6%

IN Luxury

-1.1%

IN Market


1 Year Return

n/a

531506

11.9%

IN Luxury

7.3%

IN Market

Return vs Industry: Insufficient data to determine how 531506 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 531506 performed against the Indian Market.


Shareholder returns

531506IndustryMarket
7 Day0%0.6%-1.1%
30 Day0%3.7%1.5%
90 Dayn/a-1.1%5.1%
1 Yearn/a12.7%11.9%9.3%7.3%
3 Yearn/a54.0%52.1%28.9%22.0%
5 Year110.1%110.1%92.4%89.3%33.1%21.0%

Price Volatility Vs. Market

How volatile is Shukra Bullions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shukra Bullions undervalued compared to its fair value and its price relative to the market?

34.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 531506's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 531506's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 531506 is poor value based on its PE Ratio (34.1x) compared to the Luxury industry average (11.2x).

PE vs Market: 531506 is poor value based on its PE Ratio (34.1x) compared to the Indian market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 531506's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531506 is overvalued based on its PB Ratio (2.4x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is Shukra Bullions forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.1%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shukra Bullions has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Shukra Bullions performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531506 has a high level of non-cash earnings.

Growing Profit Margin: 531506 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 531506's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: 531506 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 531506 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (1.2%).


Return on Equity

High ROE: 531506's Return on Equity (7.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Shukra Bullions's financial position?


Financial Position Analysis

Short Term Liabilities: 531506's short term assets (₹185.8M) exceed its short term liabilities (₹104.3M).

Long Term Liabilities: 531506's short term assets (₹185.8M) exceed its long term liabilities (₹73.9M).


Debt to Equity History and Analysis

Debt Level: 531506's debt to equity ratio (215.2%) is considered high.

Reducing Debt: 531506's debt to equity ratio has increased from 5.2% to 215.2% over the past 5 years.

Debt Coverage: 531506's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 531506's interest payments on its debt are well covered by EBIT (701.5x coverage).


Balance Sheet

Inventory Level: 531506 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531506's debt is covered by short term assets (assets are 2.5x debt).


Next Steps

Dividend

What is Shukra Bullions's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.3%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 531506's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531506's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 531506's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531506's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 531506's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Shukra Bullions's salary, the management and board of directors tenure and is there insider trading?

10.3yrs

Average board tenure


CEO

Shukra Bullions has no CEO, or we have no data on them.


Board Age and Tenure

10.3yrs

Average Tenure

60yo

Average Age

Experienced Board: 531506's board of directors are seasoned and experienced ( 10.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Chandrakant Shah (60yo)

    Founder & Director

    • Tenure: 24.9yrs
  • Prashant Gunjal

    Chief Financial Officer

    • Tenure: 2.5yrs
  • Isha Bakre

    Company Secretary & Compliance Officer

    • Tenure: 0.9yrs

Board Members

  • Mayuri Shah (59yo)

    Director

    • Tenure: 24.9yrs
  • Chandrakant Shah (60yo)

    Founder & Director

    • Tenure: 24.9yrs
  • Anilkumar Patel (49yo)

    Non-Executive Independent Director

    • Tenure: 14.1yrs
  • Sandip Shah (62yo)

    Non-Executive Independent Director

    • Tenure: 6.5yrs
  • Mintu Shah

    Non-Executive Independent Director

    • Tenure: 2.7yrs
  • Aejazahmed Mohammed Puthawala (62yo)

    Non-Executive Director

    • Tenure: 2.5yrs

Company Information

Shukra Bullions Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shukra Bullions Limited
  • Ticker: 531506
  • Exchange: BSE
  • Founded: 1995
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹85.260m
  • Shares outstanding: 5.02m
  • Website: https://www.shukrabullions.com

Number of Employees


Location

  • Shukra Bullions Limited
  • 232, Panchratna
  • 2nd Floor
  • Mumbai
  • Maharashtra
  • 400004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531506BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2010

Biography

Shukra Bullions Limited manufactures and sells gems, diamonds, plain and studded gold, and silver jewellery in India. The company also trades in cut and polished diamonds. It also exports its products. The company was formerly known as Shukra Capitals Limited and changed its name to Shukra Bullions Limited in September 1997. The company was incorporated in 1995 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/07 12:53
End of Day Share Price2019/10/10 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.