BSE:540545

Stock Analysis Report

Bhakti Gems and Jewellery

Executive Summary

Bhakti Gems and Jewellery Limited engages in the manufacture and wholesale of jewelry and ornaments in India.


Snowflake Analysis

Solid track record with excellent balance sheet.

Share Price & News

How has Bhakti Gems and Jewellery's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540545's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.3%

540545

-4.4%

IN Luxury

-3.5%

IN Market


1 Year Return

n/a

540545

12.8%

IN Luxury

5.2%

IN Market

Return vs Industry: Insufficient data to determine how 540545 performed against the Indian Luxury industry.

Return vs Market: Insufficient data to determine how 540545 performed against the Indian Market.


Shareholder returns

540545IndustryMarket
7 Day3.3%-4.4%-3.5%
30 Day50.0%-1.4%-3.9%
90 Day121.1%6.0%-2.1%
1 Yearn/a13.5%12.8%7.2%5.2%
3 Yearn/a45.8%44.0%18.9%12.4%
5 Yearn/a97.3%93.7%29.4%17.7%

Price Volatility Vs. Market

How volatile is Bhakti Gems and Jewellery's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bhakti Gems and Jewellery undervalued compared to its fair value and its price relative to the market?

102.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 540545's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 540545's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 540545 is poor value based on its PE Ratio (101.3x) compared to the Luxury industry average (10.7x).

PE vs Market: 540545 is poor value based on its PE Ratio (101.3x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540545's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540545 is overvalued based on its PB Ratio (4.3x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Bhakti Gems and Jewellery forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

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 Bhakti Gems and Jewellery 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 Bhakti Gems and Jewellery performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540545 has high quality earnings.

Growing Profit Margin: 540545's current net profit margins (1.2%) are higher than last year (0.07%).


Past Earnings Growth Analysis

Earnings Trend: 540545's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: 540545's earnings growth over the past year (1561.1%) exceeds its 5-year average (18.4% per year).

Earnings vs Industry: 540545 earnings growth over the past year (1561.1%) exceeded the Luxury industry 6.4%.


Return on Equity

High ROE: 540545's Return on Equity (4.5%) is considered low.


Next Steps

Financial Health

How is Bhakti Gems and Jewellery's financial position?


Financial Position Analysis

Short Term Liabilities: 540545's short term assets (₹160.8M) exceed its short term liabilities (₹23.5M).

Long Term Liabilities: 540545's short term assets (₹160.8M) exceed its long term liabilities (₹27.0K).


Debt to Equity History and Analysis

Debt Level: 540545's debt to equity ratio (14.2%) is considered satisfactory.

Reducing Debt: 540545's debt to equity ratio has reduced from 169.5% to 14.2% over the past 5 years.

Debt Coverage: 540545's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 540545's interest payments on its debt are well covered by EBIT (80.8x coverage).


Balance Sheet

Inventory Level: 540545 has a high level of physical assets or inventory.

Debt Coverage by Assets: 540545's debt is covered by short term assets (assets are 7.7x debt).


Next Steps

Dividend

What is Bhakti Gems and Jewellery's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540545's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 540545'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 540545's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540545'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 540545's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average management tenure


CEO

Akshay Mehta (47yo)

3.2yrs

Tenure

₹700,000

Compensation

Mr. Akshay Sevantilal Mehta has been Managing Director of Bhakti Gems And Jewellery Limited since December 30, 2016 and serves as its Director since March 30, 2010. He served as Compliance Officer at Bhakt ...


CEO Compensation Analysis

Compensation vs Market: Akshay's total compensation ($USD9.75K) is below average for companies of similar size in the Indian market ($USD49.94K).

Compensation vs Earnings: Akshay's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Akshay Mehta
MD & Director3.2yrs₹700.00k52.38% 325.6m
Varshaben Mehta
Whole-Time Director2.9yrs₹620.00k12.2% 75.8m
Shah Rajeshkumar
Chief Financial Officer0.6yrsno datano data
Shalu Singhania
Company Secretary & Compliance Officer0.7yrsno datano data

0.7yrs

Average Tenure

Experienced Management: 540545's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Akshay Mehta
MD & Director3.2yrs₹700.00k52.38% 325.6m
Varshaben Mehta
Whole-Time Director2.9yrs₹620.00k12.2% 75.8m
Milankumar Dave
Non-Executive Independent Director3yrsno datano data
Vijaykumar Patel
Non-Executive Independent Director2.9yrsno datano data
Meet Mehta
Additional Non-Executive Director0.6yrsno datano data

2.9yrs

Average Tenure

46yo

Average Age

Experienced Board: 540545's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 540545 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23%.


Top Shareholders

Company Information

Bhakti Gems and Jewellery Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bhakti Gems and Jewellery Limited
  • Ticker: 540545
  • Exchange: BSE
  • Founded: 2010
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹621.633m
  • Shares outstanding: 10.03m
  • Website: https://www.bhaktijewellery.com

Number of Employees


Location

  • Bhakti Gems and Jewellery Limited
  • 209, Balaji Paragon
  • Besides Axis Bank
  • Ahmedabad
  • Gujarat
  • 380009
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540545BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2017

Biography

Bhakti Gems and Jewellery Limited engages in the manufacture and wholesale of jewelry and ornaments in India. It offers gold jewelry with or without studded precious and semi-precious stones, including rings, bracelets, necklaces, ear chains, earrings, pendants, chains, mangalsutras, zuda, toe rings, anklets, bangles, etc. The company was incorporated in 2010 and is headquartered in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 13:01
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
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.