NSEI:ZODJRDMKJ

Stock Analysis Report

Executive Summary

Zodiac-JRD-MKJ Limited imports, exports, manufactures, trades in, and sells cut and polished diamonds, and studded gold and diamond jewelry in India.

Risk Analysis

Earnings have declined by -36.59% per year over past 5 years

Does not have a meaningful market cap (₹165M)

Unstable dividend track record

Large one-off items impacting financial results

+ 1 more risk


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Zodiac-JRD-MKJ's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

1.1%

ZODJRDMKJ

0.6%

IN Luxury

-2.5%

IN Market


1 Year Return

-19.8%

ZODJRDMKJ

8.3%

IN Luxury

5.0%

IN Market

Return vs Industry: ZODJRDMKJ underperformed the Indian Luxury industry which returned 8.3% over the past year.

Return vs Market: ZODJRDMKJ underperformed the Indian Market which returned 5% over the past year.


Shareholder returns

ZODJRDMKJIndustryMarket
7 Day1.1%0.6%-2.5%
30 Day-1.4%-0.2%-1.3%
90 Day-2.7%6.9%5.7%
1 Year-19.8%-19.8%9.1%8.3%7.0%5.0%
3 Year-15.7%-17.4%59.8%57.9%30.3%23.4%
5 Year-32.9%-35.9%109.6%105.9%42.1%29.3%

Price Volatility Vs. Market

How volatile is Zodiac-JRD-MKJ's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zodiac-JRD-MKJ undervalued compared to its fair value and its price relative to the market?

27.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ZODJRDMKJ (₹32.2) is trading above our estimate of fair value (₹3.99)

Significantly Below Fair Value: ZODJRDMKJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ZODJRDMKJ is poor value based on its PE Ratio (27.3x) compared to the Luxury industry average (10.4x).

PE vs Market: ZODJRDMKJ is poor value based on its PE Ratio (27.3x) compared to the Indian market (12.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ZODJRDMKJ is good value based on its PB Ratio (0.3x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Zodiac-JRD-MKJ forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.6%

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 Zodiac-JRD-MKJ 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 Zodiac-JRD-MKJ performed over the past 5 years?

-36.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZODJRDMKJ has a large one-off gain of ₹15.2M impacting its September 30 2019 financial results.

Growing Profit Margin: ZODJRDMKJ's current net profit margins (4.8%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: ZODJRDMKJ's earnings have declined by -36.6% per year over the past 5 years.

Accelerating Growth: ZODJRDMKJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ZODJRDMKJ had negative earnings growth (-37.6%) over the past year, making it difficult to compare to the Luxury industry average (1%).


Return on Equity

High ROE: ZODJRDMKJ's Return on Equity (0.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Zodiac-JRD-MKJ's financial position?


Financial Position Analysis

Short Term Liabilities: ZODJRDMKJ's short term assets (₹621.1M) exceed its short term liabilities (₹11.7M).

Long Term Liabilities: ZODJRDMKJ's short term assets (₹621.1M) exceed its long term liabilities (₹1.7M).


Debt to Equity History and Analysis

Debt Level: ZODJRDMKJ is debt free.

Reducing Debt: ZODJRDMKJ has not had any debt for past 5 years.

Debt Coverage: ZODJRDMKJ has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ZODJRDMKJ has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ZODJRDMKJ's debt is covered by short term assets.


Next Steps

Dividend

What is Zodiac-JRD-MKJ's current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ZODJRDMKJ's dividend (1.55%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: ZODJRDMKJ's dividend (1.55%) is low compared to the top 25% of dividend payers in the Indian market (2.53%).


Stability and Growth of Payments

Stable Dividend: ZODJRDMKJ's dividend payments have been volatile in the past 10 years.

Growing Dividend: ZODJRDMKJ's dividend payments have fallen over the past 10 years.


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: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Zodiac-JRD-MKJ's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average management tenure


CEO

Jayesh Jhaveri (63yo)

12.3yrs

Tenure

₹657,365

Compensation

Mr. Jayesh Jayantilal Jhaveri has been Managing Director of Zodiac-JRD-MKJ Limited since September 26, 2007 and was its Chief Financial Officer since January 29, 2015 until March 28, 2018. Mr. Jhaveri has  ...


CEO Compensation Analysis

Compensation vs Market: Jayesh's total compensation ($USD9.25K) is below average for companies of similar size in the Indian market ($USD50.68K).

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


Management Age and Tenure

4.2yrs

Average Tenure

Experienced Management: ZODJRDMKJ's management team is considered experienced (4.2 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: ZODJRDMKJ's board of directors are considered experienced (5.9 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

  • Devang Jhaveri (49yo)

    Whole Time Director

    • Tenure: 27.7yrs
    • Compensation: ₹533.39k
  • Jayesh Jhaveri (63yo)

    MD & Executive Director

    • Tenure: 12.3yrs
    • Compensation: ₹657.37k
  • Vishakha Mehta

    Company Secretary & Compliance Officer

    • Tenure: 4.2yrs
  • Mitesh Temgire

    Chief Financial Officer

    • Tenure: 0.8yrs

Board Members

  • Jindat Mehta (55yo)

    Independent Non Executive Director

    • Tenure: 2.5yrs
    • Compensation: ₹4.00k
  • Rajnikant Jhaveri (76yo)

    Non Executive Director

    • Tenure: 27.7yrs
    • Compensation: ₹2.00k
  • Jayantilal Jhaveri (84yo)

    Chairman

    • Tenure: 27.7yrs
    • Compensation: ₹2.00k
  • Devang Jhaveri (49yo)

    Whole Time Director

    • Tenure: 27.7yrs
    • Compensation: ₹533.39k
  • Jayesh Jhaveri (63yo)

    MD & Executive Director

    • Tenure: 12.3yrs
    • Compensation: ₹657.37k
  • Neeta Jhaveri (62yo)

    Non Executive Director

    • Tenure: 8.9yrs
    • Compensation: ₹2.00k
  • Hasmukh Thakker (64yo)

    Independent Non Executive Director

    • Tenure: 2.5yrs
    • Compensation: ₹2.00k
  • Sheela Kadechkar (68yo)

    Additional Independent Director

    • Tenure: 0.3yrs
  • Uday Shah (48yo)

    Independent Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: ₹2.00k
  • Mohit Thakur (23yo)

    Additional Independent Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Zodiac-JRD-MKJ Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zodiac-JRD-MKJ Limited
  • Ticker: ZODJRDMKJ
  • Exchange: NSEI
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹165.411m
  • Shares outstanding: 5.18m
  • Website: https://www.zodiacjrdmkjltd.com

Location

  • Zodiac-JRD-MKJ Limited
  • Opera House
  • 910 Parekh Market
  • Mumbai
  • Maharashtra
  • 400004
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
512587BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 1995
ZODJRDMKJNSEI (National Stock Exchange of India)YesEquity SharesININRJul 1995

Biography

Zodiac-JRD-MKJ Limited imports, exports, manufactures, trades in, and sells cut and polished diamonds, and studded gold and diamond jewelry in India. It also offers precious stones and semi-precious stones ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 12:43
End of Day Share Price2019/12/10 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.