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Tara Jewels

NSEI:TARAJEWELS
Snowflake Description

Slightly overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TARAJEWELS
NSEI
₹16M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Tara Jewels Limited, together with its subsidiaries, designs, manufactures, and retails jewelry primarily in India. The last earnings update was 265 days ago. More info.


Add to Portfolio Compare Print
  • Tara Jewels has significant price volatility in the past 3 months.
TARAJEWELS Share Price and Events
7 Day Returns
-14.3%
NSEI:TARAJEWELS
-2.1%
IN Luxury
-2.4%
IN Market
1 Year Returns
-95.8%
NSEI:TARAJEWELS
-8.5%
IN Luxury
-9%
IN Market
TARAJEWELS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tara Jewels (TARAJEWELS) -14.3% -50% -81.3% -95.8% -98.6% -99.4%
IN Luxury -2.1% -1.1% -3.2% -8.5% 49.4% 189.7%
IN Market -2.4% -4.1% -4% -9% 41.6% 79.8%
1 Year Return vs Industry and Market
  • TARAJEWELS underperformed the Luxury industry which returned -8.5% over the past year.
  • TARAJEWELS underperformed the Market in India which returned -9% over the past year.
Price Volatility
TARAJEWELS
Industry
5yr Volatility vs Market

Value

 Is Tara Jewels 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 Tara Jewels 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 Tara Jewels.

NSEI:TARAJEWELS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 22.5%
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:TARAJEWELS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.574 (1 + (1- 35%) (57588.63%))
215.452
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 7.45%)
22.45%

Discounted Cash Flow Calculation for NSEI:TARAJEWELS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tara Jewels is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:TARAJEWELS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 4,231.21 3,990.69 3,763.85 3,549.90 3,348.12
Source Est @ -5.68% Est @ -5.68% Est @ -5.68% Est @ -5.68% Est @ -5.68%
Present Value
Discounted (@ 22.45%)
3,455.46 2,661.53 2,050.01 1,579.00 1,216.20
Present value of next 5 years cash flows ₹10,962.20
NSEI:TARAJEWELS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹3,348.12 × (1 + 7.55%) ÷ (22.45% – 7.55%)
₹24,167.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹24,167.11 ÷ (1 + 22.45%)5
₹8,778.71
NSEI:TARAJEWELS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹10,962.20 + ₹8,778.71
₹19,740.91
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹19,740.91 / 24.62
₹751.62
NSEI:TARAJEWELS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:TARAJEWELS represents 0.9375x of BSE:534756
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9375x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 801.73 x 0.9375
₹751.62
Value per share (INR) From above. ₹751.62
Current discount Discount to share price of ₹0.60
= -1 x (₹0.60 - ₹751.62) / ₹751.62
99.9%

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

Current Discount
Amount off the current price Tara Jewels is available for.
Intrinsic value
>50%
Share price is ₹0.6 vs Future cash flow value of ₹751.62
Current Discount Checks
For Tara Jewels to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tara Jewels's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tara Jewels'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 Tara Jewels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tara Jewels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TARAJEWELS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹-292.78
BSE:534756 Share Price ** BSE (2019-02-18) in INR ₹0.64
India Luxury Industry PE Ratio Median Figure of 238 Publicly-Listed Luxury Companies 11.72x
India Market PE Ratio Median Figure of 2,718 Publicly-Listed Companies 15.15x

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

** Primary Listing of Tara Jewels.

NSEI:TARAJEWELS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:534756 Share Price ÷ EPS (both in INR)

= 0.64 ÷ -292.78

-0x

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

  • Tara Jewels is loss making, we can't compare its value to the IN Luxury industry average.
  • Tara Jewels is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Tara Jewels's expected growth come at a high price?
Raw Data
NSEI:TARAJEWELS 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 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.1x

*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 Tara Jewels, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tara Jewels's assets?
Raw Data
NSEI:TARAJEWELS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹-51.61
BSE:534756 Share Price * BSE (2019-02-18) in INR ₹0.64
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:TARAJEWELS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:534756 Share Price ÷ Book Value per Share (both in INR)

= 0.64 ÷ -51.61

-0.01x

* Primary Listing of Tara Jewels.

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

  • Tara Jewels has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
X
Value checks
We assess Tara Jewels'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. Tara Jewels 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.

Future Performance

 How is Tara Jewels 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 Tara Jewels 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
18.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tara Jewels expected to grow at an attractive rate?
  • Unable to compare Tara Jewels's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tara Jewels's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Tara Jewels's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:TARAJEWELS Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
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:TARAJEWELS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months 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:TARAJEWELS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 8,398 -941 -7,209
2017-03-31 15,516 693 -46
2016-03-31 17,951 134 179
2015-12-31 17,555 412
2015-09-30 16,881 407
2015-06-30 17,250 439

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tara Jewels is high growth as no earnings estimate data is available.
  • Unable to determine if Tara Jewels 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:TARAJEWELS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tara Jewels Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TARAJEWELS Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 -292.78
2017-03-31 -1.88
2016-03-31 7.27
2015-12-31 16.73
2015-09-30 16.54
2015-06-30 17.81

*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 Tara Jewels will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TARAJEWELS’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. Tara Jewels'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. Tara Jewels'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 Tara Jewels'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.
Tara Jewels 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.

Past Performance

  How has Tara Jewels performed over the past 5 years?

  • Tara Jewels's last earnings update was 265 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 Tara Jewels'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.
  • Tara Jewels does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tara Jewels's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tara Jewels's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Tara Jewels'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 Tara Jewels Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TARAJEWELS Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 8,398.49 -7,208.97 429.47
2017-03-31 15,515.99 -46.21 595.93
2016-03-31 17,950.66 179.07 656.05
2015-12-31 17,554.83 411.98 967.45
2015-09-30 16,880.78 407.22 975.13
2015-06-30 17,250.13 438.53 990.34
2015-03-31 17,352.77 436.55 769.12
2014-12-31 17,095.73 394.21 1,088.72
2014-09-30 17,130.06 452.84 1,086.99
2014-06-30 16,863.41 457.52 556.36
2014-03-31 16,953.98 503.77 1,098.52
2013-12-31 16,604.66 611.67 897.52
2013-09-30 16,583.44 720.32 859.80
2013-06-30 16,790.17 764.75 471.29
2013-03-31 16,354.51 736.71 811.10
2012-06-30 13,347.23 555.60 332.33
2012-03-31 13,990.87 538.95 823.80

*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.
  • It is difficult to establish if Tara Jewels has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Tara Jewels has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tara Jewels improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Tara Jewels'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.
Tara Jewels 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.

Health

 How is Tara Jewels'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 Tara Jewels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tara Jewels's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tara Jewels's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tara Jewels'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.
  • High level of physical assets or inventory.
  • Tara Jewels has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Tara Jewels Company Filings, last reported 10 months ago.

NSEI:TARAJEWELS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 -1,270.74 9,500.57 24.20
2017-03-31 5,969.68 7,449.04 18.94
2016-03-31 6,036.44 7,412.74 39.44
2015-12-31 5,992.46 4,523.30 820.96
2015-09-30 5,992.46 4,523.30 820.96
2015-06-30 5,845.88 4,108.99 834.99
2015-03-31 5,845.88 4,121.47 847.47
2014-12-31 5,585.03 4,706.23 722.17
2014-09-30 5,585.03 4,706.23 722.17
2014-06-30 5,404.43 3,860.56 710.42
2014-03-31 5,404.43 3,873.87 710.42
2013-12-31 5,154.73 3,767.32 570.89
2013-09-30 5,154.73 3,767.32 570.89
2013-06-30 4,928.56 3,304.95 1,123.85
2013-03-31 4,928.56 3,332.66 1,123.84
2012-06-30
2012-03-31 2,772.65 3,410.01 223.39
  • Tara Jewels has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Tara Jewels's debt level has increased considering it has negative shareholder equity.
  • Operating cash flow is negative therefore debt is not well covered.
  • Tara Jewels is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Tara Jewels'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. Tara Jewels has a total score of 1/6, 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.

Dividends

 What is Tara Jewels'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
0%
Current annual income from Tara Jewels dividends.
If you bought ₹2,000 of Tara Jewels shares you are expected to receive ₹0 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?
  • Unable to evaluate Tara Jewels's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tara Jewels's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:TARAJEWELS 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 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

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

NSEI:TARAJEWELS Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2016-05-23 0.000 0.000
2016-02-11 0.000 0.000
2015-11-11 0.000 0.000
2015-08-13 0.000 0.000
2014-08-25 1.000 1.374
2014-05-28 1.000 0.998
2014-02-06 1.000 0.991
2013-11-12 1.000 1.072

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

  • Unable to perform a dividend volatility check as Tara Jewels has not reported any payouts.
  • Unable to verify if Tara Jewels's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tara Jewels's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tara Jewels 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 Tara Jewels'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 Tara Jewels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tara Jewels has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Tara Jewels'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
Rajeev Sheth
COMPENSATION ₹0
AGE 60
TENURE AS CEO 8.4 years
CEO Bio

Mr. Rajeev Vasant Sheth has been the Chairman of the Board and Managing Director of Tara Jewels Limited since September 29, 2010. Mr. Sheth has been an Executive Director at Tara Jewels Limited since March 16, 2001. Mr. Sheth has approximately 35 years of experience in the jewellery business. He started his career by promoting Rose International and thereafter became the promoter and Managing Director of Intergold India Limited from 1989 to 1999. He holds a graduate degree in commerce from Mumbai University. He holds a diploma in gemology from Gemological Institute of America.

CEO Compensation
  • Insufficient data for Rajeev to compare compensation growth.
  • Rajeev's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Tara Jewels management team in years:

4
Average Tenure
50
Average Age
  • The tenure for the Tara Jewels management team is about average.
Management Team

Rajeev Sheth

TITLE
Chairman & MD
AGE
60
TENURE
8.4 yrs

Ravi Ravindran

TITLE
Chief Operating Officer
AGE
59
TENURE
3.8 yrs

Aarti Cooper

TITLE
Vice President of Business Development - Exports Division
AGE
34

Disha Tulsiani

TITLE
CFO & Executive Director
AGE
31
TENURE
0.8 yrs

Rajesh Gupta

TITLE
General Manager of Accounts & Costing
COMPENSATION
₹2M
AGE
50

Pravin Patil

TITLE
General Manager of Human Resources & Administration
COMPENSATION
₹2M
AGE
50

Nivedita Nayak

TITLE
Company Secretary & Compliance Officer
TENURE
4.2 yrs

Tateos Tateossian

TITLE
Senior Vice President of Operations
COMPENSATION
₹3M
AGE
62

Jeffrey Shlakman

TITLE
President of Merchandising & Product Development
COMPENSATION
₹23M
AGE
56

Chander Gurnani

TITLE
General Manager of Finance
COMPENSATION
₹1M
AGE
42
Board of Directors Tenure

Average tenure and age of the Tara Jewels board of directors in years:

8.4
Average Tenure
60
Average Age
  • The tenure for the Tara Jewels board of directors is about average.
Board of Directors

Rajeev Sheth

TITLE
Chairman & MD
AGE
60
TENURE
8.4 yrs

Disha Tulsiani

TITLE
CFO & Executive Director
AGE
31
TENURE
1.1 yrs

Fern Mallis

TITLE
Non-Executive Independent Director
COMPENSATION
₹80K
AGE
70
TENURE
8.4 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 Tara Jewels'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. Tara Jewels 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.

News

Simply Wall St News

What Kind Of Shareholder Owns Most Tara Jewels Limited (NSE:TARAJEWELS) Stock?

If you want to know who really controls Tara Jewels Limited (NSE:TARAJEWELS), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Tara Jewels is a smaller company with a market capitalization of US$86m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is Tara Jewels Limited's (NSE:TARAJEWELS) CEO Overpaid Relative To Its Peers?

Rajeev Sheth took the reins as CEO of Tara Jewels Limited's (NSE:TARAJEWELS) and grew market cap to ₹146.01m recently. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … See our latest analysis for Tara Jewels

Simply Wall St -

Is Tara Jewels Limited's (NSE:TARAJEWELS) Balance Sheet A Threat To Its Future?

How does TARAJEWELS’s operating cash flow stack up against its debt? … On top of this, TARAJEWELS has generated ₹693.00M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 9.30%, meaning that TARAJEWELS’s operating cash is not sufficient to cover its debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: TARAJEWELS’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Tara Jewels Limited (NSE:TARAJEWELS)

Generally, an investor should consider two types of risk that impact the market value of TARAJEWELS. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … This outcome contradicts TARAJEWELS’s current beta value which indicates a below-average volatility.

Simply Wall St -

Who Are The Major Shareholders In Tara Jewels Limited (NSE:TARAJEWELS)?

Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … This level of insider ownership has been found to have a negative impact on companies with consistently low PE ratios (underperformers), while it has been positive in the case of high PE ratio firms (outperformers). … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Tara Jewels Limited (NSE:TARAJEWELS): Should The Recent Earnings Drop Worry You?

After reading Tara Jewels Limited's (NSEI:TARAJEWELS) most recent earnings announcement (31 March 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … I also compare against an industry benchmark to check whether Tara Jewels's performance has been impacted by industry movements. … Each year, for the past five years Tara Jewels's top-line has risen by a mere 4.94%, on average.

Simply Wall St -

Is Tara Jewels Limited (NSE:TARAJEWELS) A Financially Sound Company?

At this stable level of debt, the current cash and short-term investment levels stands at ₹758.0M for investing into the business. … Moreover, TARAJEWELS has produced ₹693.0M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 9.30%, signalling that TARAJEWELS’s current level of operating cash is not high enough to cover debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: At its current level of cash flow coverage, TARAJEWELS has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Company Info

Map
Description

Tara Jewels Limited, together with its subsidiaries, designs, manufactures, and retails jewelry primarily in India. The company offers studded gold, diamond, platinum, and silver jewelry, including rings, pendants sets, necklaces sets, tanmaniya, earrings, and pendants, as well as coins. It sells its products through jewelry chain stores, online retailers, and television networks, as well as company owned stores across Metros, Tier I, Tier II, and Tier III Indian cities. The company also exports its jewelry to Australia, Canada, China, New Zealand, Russia, South Africa, the United States, and the United Kingdom, as well as the rest of Europe. The company was incorporated in 2001 and is based in Mumbai, India.

Details
Name: Tara Jewels Limited
TARAJEWELS
Exchange: NSEI
Founded: 2001
₹16,497,309
24,622,850
Website: http://www.tarajewellers.in
Address: Tara Jewels Limited
Plot No. 29 (P), & 30 (P),
Sub Plot A, SEEPZ SEZ,
Mumbai,
Maharashtra, 400096,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 534756 Equity Shares Mumbai Stock Exchange IN INR 06. Dec 2012
NSEI TARAJEWELS Equity Shares National Stock Exchange of India IN INR 06. Dec 2012
Number of employees
Current staff
Staff numbers
0
Tara Jewels employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 13:00
End of day share price update: 2019/02/18 00:00
Last earnings filing: 2018/05/29
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


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.