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Gitanjali Gems

NSEI:GITANJALI
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GITANJALI
NSEI
₹126M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Gitanjali Gems Limited engages in the business of manufacturing, trading, importing, and exporting diamond cutting and polishing, diamond studded jewelry, and plain gold jewelry in India, the United States, the United Kingdom, Belgium, Italy, Singapore, Japan, the Middle East, and China. The last earnings update was 524 days ago. More info.


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GITANJALI Share Price and Events
7 Day Returns
0%
NSEI:GITANJALI
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-73.4%
NSEI:GITANJALI
-3.2%
IN Luxury
-0.7%
IN Market
GITANJALI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gitanjali Gems (GITANJALI) 0% 5% -12.5% -73.4% -97.2% -98.4%
IN Luxury 0.9% 1.7% 8.7% -3.2% 48.8% 161.5%
IN Market 0.8% 2.8% 5.9% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • GITANJALI underperformed the Luxury industry which returned -3.2% over the past year.
  • GITANJALI underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

GITANJALI Value

 Is Gitanjali Gems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gitanjali Gems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gitanjali Gems.

NSEI:GITANJALI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2017-09-30) in INR ₹ .800000
Payout Ratio Company Filings (2017-09-30) 353.7%
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GITANJALI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (0%))
0.771
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for NSEI:GITANJALI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Gitanjali Gems is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:GITANJALI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹0.8 / (14.43% - 7.55%)
₹6.57
NSEI:GITANJALI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:GITANJALI represents 0.99057x of BSE:532715
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99057x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 6.69 x 0.99057
₹6.63
Value per share (INR) From above. ₹6.63
Current discount Discount to share price of ₹1.05
= -1 x (₹1.05 - ₹6.63) / ₹6.63
84.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gitanjali Gems is available for.
Intrinsic value
>50%
Share price is ₹1.05 vs Future cash flow value of ₹6.63
Current Discount Checks
For Gitanjali Gems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gitanjali Gems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gitanjali Gems's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gitanjali Gems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gitanjali Gems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GITANJALI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-09-30) in INR Not available
BSE:532715 Share Price ** BSE (2019-04-01) in INR ₹1.06
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gitanjali Gems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Gitanjali Gems, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Gitanjali Gems's expected growth come at a high price?
Raw Data
NSEI:GITANJALI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gitanjali Gems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gitanjali Gems's assets?
Raw Data
NSEI:GITANJALI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-09-30) in INR Not available
BSE:532715 Share Price * BSE (2019-04-01) in INR ₹1.06
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x

* Primary Listing of Gitanjali Gems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess Gitanjali Gems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Gitanjali Gems has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GITANJALI Future Performance

 How is Gitanjali Gems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Gitanjali Gems 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gitanjali Gems expected to grow at an attractive rate?
  • Unable to compare Gitanjali Gems's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gitanjali Gems's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Gitanjali Gems's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:GITANJALI Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GITANJALI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GITANJALI Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:GITANJALI Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2017-09-30 183,580 1,965
2017-06-30 185,341 1,795
2017-03-31 166,334 7,431 1,677
2016-12-31 153,110 1,688
2016-09-30 153,577 1,867
2016-06-30 148,498 1,707
2016-03-31 139,845 13,378 1,037
2015-12-31 131,891 1,249
2015-09-30 132,392 1,373
2015-06-30 122,533 1,134
2015-03-31 114,811 4,633 955
2014-12-31 107,567 346

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gitanjali Gems is high growth as no earnings estimate data is available.
  • Unable to determine if Gitanjali Gems is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GITANJALI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gitanjali Gems Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GITANJALI Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:GITANJALI Past Financials Data
Date (Data in INR Millions) EPS *
2017-09-30 16.86
2017-06-30 15.22
2017-03-31 14.62
2016-12-31 15.22
2016-09-30 18.31
2016-06-30 16.70
2016-03-31 10.32
2015-12-31 12.59
2015-09-30 13.99
2015-06-30 11.56
2015-03-31 9.84
2014-12-31 3.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gitanjali Gems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of GITANJALI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Gitanjali Gems's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Gitanjali Gems's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Gitanjali Gems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gitanjali Gems has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GITANJALI Past Performance

  How has Gitanjali Gems performed over the past 5 years?

  • Gitanjali Gems's last earnings update was 524 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gitanjali Gems's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient past earnings data to establish if Gitanjali Gems's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Gitanjali Gems's 1-year growth to the 5-year average as past earnings data has not been reported.
  • Unable to compare Gitanjali Gems's 1-year growth to the IN Luxury industry average as past earnings data has not been reported.
Earnings and Revenue History
Gitanjali Gems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gitanjali Gems Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GITANJALI Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-09-30 183,579.57 1,964.63 3,149.65
2017-06-30 185,340.81 1,795.33 2,888.82
2017-03-31 166,334.47 1,677.15 3,115.76
2016-12-31 153,109.54 1,688.49 2,954.28
2016-09-30 153,576.71 1,866.65 2,876.02
2016-06-30 148,498.20 1,707.24 2,746.87
2016-03-31 139,844.94 1,037.14 2,734.44
2015-12-31 131,891.33 1,248.76 4,451.68
2015-09-30 132,391.63 1,372.65 4,526.02
2015-06-30 122,533.00 1,133.96 2,771.19
2015-03-31 114,810.62 954.97 2,759.97
2014-12-31 107,567.04 346.18 6,966.23
2014-09-30 100,666.01 -109.39 6,810.54
2014-06-30 105,896.85 85.48 2,656.66
2014-03-31 124,360.00 335.22 6,971.88
2013-12-31 144,330.27 2,422.96 6,916.06
2013-09-30 160,283.97 3,640.11 7,066.60
2013-06-30 169,529.47 4,778.46 2,938.95
2013-03-31 164,284.57 5,916.93 6,979.84
2012-12-31 152,000.10 5,757.23 6,363.38
2012-09-30 142,628.97 5,324.09 6,203.84
2012-06-30 132,876.83 5,129.95 6,149.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Unable to establish if Gitanjali Gems has efficiently used shareholders’ funds last year as no Return on Equity data is available.
  • Unable to establish if Gitanjali Gems has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as past financial data has not been reported.
  • Unable to establish if Gitanjali Gems improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Gitanjali Gems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gitanjali Gems has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GITANJALI Health

 How is Gitanjali Gems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gitanjali Gems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as Gitanjali Gems has not reported sufficient balance sheet data.
  • Unable to establish if Gitanjali Gems's long term commitments exceed its cash and other short term assets as Gitanjali Gems has not reported sufficient balance sheet data.
Balance sheet
This treemap shows a more detailed breakdown of Gitanjali Gems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Unable to establish if Gitanjali Gems has a high level of physical assets or inventory without balance sheet data.
  • Unable to verify if debt is covered by short term assets as Gitanjali Gems has not reported sufficient balance sheet data.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gitanjali Gems Company Filings, last reported 1 year ago.

NSEI:GITANJALI Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2017-09-30 67,642.24 75,910.62 3,475.38
2017-06-30 66,053.28 82,831.10 3,057.51
2017-03-31 66,053.28 82,831.10 3,057.51
2016-12-31 65,205.72 80,985.52 4,385.58
2016-09-30 65,205.72 80,985.52 4,385.58
2016-06-30 44,238.49 85,401.26 2,632.22
2016-03-31 63,739.47 83,631.44 2,588.44
2015-12-31 43,737.22 90,246.32 2,766.37
2015-09-30 43,737.22 90,246.32 2,766.37
2015-06-30 42,119.91 88,015.59 2,608.58
2015-03-31 42,119.91 89,109.59 2,608.58
2014-12-31 41,042.45 85,858.14 3,096.94
2014-09-30 41,042.45 85,858.14 3,096.94
2014-06-30 40,051.60 84,757.32 3,554.30
2014-03-31 40,051.60 85,854.88 3,554.30
2013-12-31 40,682.98 86,379.99 7,879.31
2013-09-30 40,682.98 86,379.99 7,879.31
2013-06-30 38,325.47 52,388.60 9,703.40
2013-03-31 38,325.47 53,053.78 9,703.40
2012-12-31 35,366.37 45,006.87 5,774.21
2012-09-30 35,366.37 45,006.87 5,774.21
2012-06-30 31,683.48 39,613.84 6,575.99
  • Unable to establish if Gitanjali Gems's level of debt is high without past debt data.
  • Unable to establish if Gitanjali Gems's debt level has increased without past 5-year debt data.
  • Unable to verify if debt is well covered by operating cash flow as Gitanjali Gems has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on Gitanjali Gems's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Gitanjali Gems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gitanjali Gems has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GITANJALI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
75.47%
Current annual income from Gitanjali Gems dividends.
If you bought ₹2,000 of Gitanjali Gems shares you are expected to receive ₹1,509 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gitanjali Gems's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Gitanjali Gems's dividend is above the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GITANJALI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GITANJALI Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:GITANJALI Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2017-09-05 0.800 15.632
2017-05-30 0.800 1.266
2016-09-06 0.500 0.772
2016-05-30 0.500 1.245
2014-05-30 0.000 0.000
2014-02-14 0.000 0.000
2013-11-14 0.000 0.000
2013-09-04 0.000 0.000
2013-05-29 3.000 2.473
2012-08-13 3.000 0.630
2012-05-22 3.000 0.967
2011-09-02 3.000 0.891
2011-05-27 3.000 1.002
2010-08-09 2.000 0.857
2010-05-31 2.000 1.474
2009-06-01 1.800 1.555
2009-04-23 1.800 2.265

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Gitanjali Gems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gitanjali Gems has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gitanjali Gems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gitanjali Gems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gitanjali Gems has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GITANJALI Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mehul Choksi
COMPENSATION ₹0
AGE 59
TENURE AS CEO 11.7 years
CEO Bio

Mr. Mehul Chinubhai Choksi serves as the Chairman of Nakshatra World Limited (alternate name, Gitanjali Brands Limited) and has been Managing Director since October 1, 2016. Mr. Choksi has been the Managing Director of Gitanjali Gems Ltd. since August 1, 2007. Mr. Choksi serves as the Chairman and Managing Director of Gitanjali Exports Corporation Ltd. He serves as the Managing Director of Gili India Limited and Gitanjali Trading corporation. He serves as the Chairman of Gitanjali Jewellery Retail Pvt. Ltd., Gitanjali Group of Brightest Circle Jewellery Pvt. Limited, Gitanjali Gems Ltd. and Asmi Jewellery India Private Limited. He has been a Director at Gitanjali Gems Ltd, since August 21, 1998. He serves as a Director of Gitanjali Exports Corporation Ltd., Gili India Limited, MMTC Gitanjali Private Limited and Modali Gems Pvt. Ltd. He served as a Director of Verite Co., Ltd. He holds a bachelor's degree in commerce from the University of Mumbai.

CEO Compensation
  • No earnings data for Gitanjali Gems, not possible to compare to compensation.
  • Mehul's remuneration is lower than average for companies of similar size in India.
Management Team

Mehul Choksi

TITLE
Chairman & MD
AGE
59
TENURE
11.7 yrs

Saurav Bhattacharya

TITLE
Group President
AGE
48

Vinod Kumar Juneja

TITLE
President of Accounts & Finance
AGE
69

Dhanesh Sheth

TITLE
Whole-Time Director
AGE
61

Alpa Talsania

TITLE
Head of PPC
AGE
45

Suresh Kayakkool

TITLE
Vice President of Supply Chain
AGE
53

Simmi Sulke

TITLE
Vice President of Media
AGE
44

Nishit Mehta

TITLE
Group President

Sanjeev Agarwal

TITLE
President
COMPENSATION
₹3M
AGE
57

Sunil Varma

TITLE
Head of International Business
COMPENSATION
₹9M
AGE
51
Board of Directors Tenure

Average tenure and age of the Gitanjali Gems board of directors in years:

7.1
Average Tenure
59
Average Age
  • The tenure for the Gitanjali Gems board of directors is about average.
Board of Directors

Mehul Choksi

TITLE
Chairman & MD
AGE
59

Vinod Kumar Juneja

TITLE
President of Accounts & Finance
AGE
69
TENURE
3.7 yrs

Dhanesh Sheth

TITLE
Whole-Time Director
AGE
61
TENURE
28.7 yrs

Nazura Ajaney

TITLE
Independent Non-Executive Director
COMPENSATION
₹250K
AGE
48
TENURE
4.7 yrs

Nehal Modi

TITLE
Non-Executive Director
AGE
39
TENURE
9.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Gitanjali Gems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gitanjali Gems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GITANJALI News

Simply Wall St News

How Financially Strong Is Gitanjali Gems Limited (NSE:GITANJALI)?

Investors are always looking for growth in small-cap stocks like Gitanjali Gems Limited (NSE:GITANJALI), with a market cap of ₹621.55m. … However, an important fact which most ignore is: how financially healthy is the business? … since poor capital management may bring about bankruptcies,

Simply Wall St -

Will Gitanjali Gems Limited (NSE:GITANJALI) Continue To Underperform Its Industry?

Check out our latest analysis for Gitanjali Gems Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Gitanjali Gems’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Gitanjali Gems’s equity capital deployed. … Since Gitanjali Gems’s return does not cover its cost, with a difference of -20.08%, this means its current use of equity is not efficient and not sustainable.

Simply Wall St -

Should You Buy Gitanjali Gems Limited (NSE:GITANJALI) At INR3.2?

Gitanjali Gems Limited (NSEI:GITANJALI), a luxury company based in India, saw significant share price volatility over the past couple of months on the NSEI, rising to the highs of ₹62.85 and falling to the lows of ₹3.2. … Great news for investors – Gitanjali Gems is still trading at a fairly cheap price. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

What Is Driving Gitanjali Gems Limited's (NSE:GITANJALI) Margins In The Years Ahead?

Check out our latest analysis for Gitanjali Gems Breaking Down GITANJALI's Profit Margin Attractive margins generally indicate a desirable ability to translate sales revenue in to earnings, and return for shareholders. … Margin Calculation for GITANJALI Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 1.96 Billion ÷ 183.58 Billion = 1.07% The past five years have seen Gitanjali Gems's margin contract, with a positive 5.05% average growth in revenue and decline in net income of -24.78% on average, indicating that that a smaller percentage of revenue is being converted in to net income despite the top line growth. … Using Gitanjali Gems's margin expectations as a way to understand projections for the future It is expected that margins will shift towards expansion, with annual revenue growth tipped at 11.06% and a forecasted 20.28% in annual net income growth.

Simply Wall St -

Want To Invest In Gitanjali Gems Limited (NSE:GITANJALI)? Here's How It Performed Lately

For Gitanjali Gems, its most recent earnings (trailing twelve month) is IN₨1.96B, which, against the prior year's level, has risen by a relatively muted 5.25%. … This shows that whatever recent headwind the industry is facing, Gitanjali Gems is relatively better-cushioned than its peers.What does this mean? … Though Gitanjali Gems's past data is helpful, it is only one aspect of my investment thesis.

Simply Wall St -

GITANJALI Company Info

Description

Gitanjali Gems Limited engages in the business of manufacturing, trading, importing, and exporting diamond cutting and polishing, diamond studded jewelry, and plain gold jewelry in India, the United States, the United Kingdom, Belgium, Italy, Singapore, Japan, the Middle East, and China. The company operates through two segments, Diamond and Jewelry. The company offers fine jewelry under the Nakshatra, Gili, Asmi, Nirvana, Sangini, Diya, Parineeta, Shuddhi Jewels, Maya Gold, Maya Diamonds, Menz, Me Jewels, Me Solitare, Gdivas, and Nizam brands; and fashion jewelry under the Atelier Silver, Lucera, Jhalak, Vivaaha, Viola, Jewels in Vogue, Donatella, Revv, Kashvi, Tichino, and Hoop brands. It also provides watches under the Morelatto, Rotary, Just Cavalli, Roberto Cavalli, Sector, Chronostar, Tichino, Revv, IRIS, Marvin, Saint Honore, and CAT brand names; gifts and collectibles under the Adler & Roth, and Swarna Mudrika brands; and international branded products, such as Stefan Hafner, Nouvelle Bague, Porrati, IO SI, Valente Milano, and Giantti. In addition, the company engages in infratech, financial securities, and investment activities. The company sells its products through a network of own stores, shop-in-shops, and franchise outlets, as well as online. It operates stores under the Gitanjali Jewels and Maya Jewels brands. The company was founded in 1966 and is based in Mumbai, India.

Details
Name: Gitanjali Gems Limited
GITANJALI
Exchange: NSEI
Founded: 1966
₹125,732,965
118,616,005
Website: http://www.gitanjaligroup.com
Address: Gitanjali Gems Limited
Laxmi Towers,
A-1, 7th Floor,
Mumbai,
Maharashtra, 400051,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532715 Equity Shares Mumbai Stock Exchange IN INR 10. Mar 2006
NSEI GITANJALI Equity Shares National Stock Exchange of India IN INR 10. Mar 2006
Number of employees
Current staff
Staff numbers
0
Gitanjali Gems employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 12:51
End of day share price update: 2019/04/01 00:00
Last estimates confirmation: 2017/05/30
Last earnings filing: 2017/11/14
Last earnings reported: 2017/09/30
Last annual earnings reported: 2017/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.