BSE:541444

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Executive Summary

Palm Jewels Limited engages in the wholesale of gold jewelry in India.


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

How has Palm Jewels's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 541444's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

541444

5.9%

IN Retail Distributors

6.4%

IN Market


1 Year Return

40.0%

541444

-16.6%

IN Retail Distributors

-16.2%

IN Market

Return vs Industry: 541444 exceeded the Indian Retail Distributors industry which returned -20.8% over the past year.

Return vs Market: 541444 exceeded the Indian Market which returned -17.6% over the past year.


Shareholder returns

541444IndustryMarket
7 Day0%5.9%6.4%
30 Day25.8%4.5%8.4%
90 Dayn/a-13.9%-8.9%
1 Year40.0%40.0%-15.7%-16.6%-14.6%-16.2%
3 Yearn/a-30.2%-31.5%-4.9%-9.9%
5 Yearn/a-63.0%-63.5%21.6%10.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Palm Jewels undervalued compared to its fair value and its price relative to the market?

79.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 541444's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 541444's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 541444 is poor value based on its PE Ratio (79.3x) compared to the Retail Distributors industry average (39.6x).

PE vs Market: 541444 is poor value based on its PE Ratio (79.3x) compared to the Indian market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 541444's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 541444 is overvalued based on its PB Ratio (1.6x) compared to the IN Retail Distributors industry average (0.6x).


Next Steps

Future Growth

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

2.4%

Forecasted Retail 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 Palm 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Palm Jewels performed over the past 5 years?

39.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 541444 has high quality earnings.

Growing Profit Margin: 541444's current net profit margins (0.7%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: 541444 has become profitable over the past 5 years, growing earnings by 39.3% per year.

Accelerating Growth: 541444's earnings growth over the past year (227.3%) exceeds its 5-year average (39.3% per year).

Earnings vs Industry: 541444 earnings growth over the past year (227.3%) exceeded the Retail Distributors industry -3.2%.


Return on Equity

High ROE: 541444's Return on Equity (2%) is considered low.


Next Steps

Financial Health

How is Palm Jewels's financial position?


Financial Position Analysis

Short Term Liabilities: 541444's short term assets (₹155.2M) exceed its short term liabilities (₹11.4M).

Long Term Liabilities: 541444's short term assets (₹155.2M) exceed its long term liabilities (₹5.0M).


Debt to Equity History and Analysis

Debt Level: 541444's debt to equity ratio (3.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 541444's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 541444's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 541444's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Palm Jewels's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 541444's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 541444's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 541444's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 541444'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 541444'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?

1.4yrs

Average management tenure


CEO

Rohit Shah (48yo)

2.33yrs

Tenure

₹300,000

Compensation

Mr. Rohit Dalpatbhai Shah has been Managing Director at Palm Jewels Limited since February 24, 2018 and has been its Director since September 22, 2005. Mr. Shah served as Compliance Officer of the Palm Jew ...


CEO Compensation Analysis

Compensation vs Market: Rohit's total compensation ($USD3.98K) is below average for companies of similar size in the Indian market ($USD50.46K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Rohit Shah
MD & Director2.33yrs₹300.00k33.77% 104.4m
Saunil Shah
Executive Director3.5yrs₹900.00k1.79% 5.5m
Mukesh Mali
Chief Financial Officer1.42yrsno datano data
Jagdish Kanzariya
Company Secretary & Compliance Officer1yrno datano data

1.4yrs

Average Tenure

Experienced Management: 541444's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rohit Shah
MD & Director2.33yrs₹300.00k33.77% 104.4m
Saunil Shah
Executive Director3.5yrs₹900.00k1.79% 5.5m
Chetnaben Shah
Non-Executive Director14.75yrs₹300.00k7.07% 21.9m
Vaishnavi Prajapati
Additional Non-Executive Independent Director1.25yrsno datano data
Mitkumar Shah
Additional Non-Executive Independent Director0.83yrno datano data

3.5yrs

Average Tenure

43yo

Average Age

Experienced Board: 541444's board of directors are considered experienced (3.5 years average tenure).


Ownership

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


Insider Trading Volume

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 been diluted in the past year, with total shares outstanding growing by 36%.


Top Shareholders

Company Information

Palm Jewels Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Palm Jewels Limited
  • Ticker: 541444
  • Exchange: BSE
  • Founded: 2005
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: ₹309.302m
  • Shares outstanding: 13.66m
  • Website: https://www.palmjewels.com

Number of Employees


Location

  • Palm Jewels Limited
  • G.F-37, Super Mall
  • Near Diamond C. O. Hou. Soc Ltd
  • Ahmedabad
  • Gujarat
  • 380009
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
541444BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2018

Biography

Palm Jewels Limited engages in the wholesale of gold jewelry in India. It sells gold based chains, bracelets, and necklaces. The company markets its products directly to other jewelry stores; and through B2B marketing and direct/outbound marketing. Palm Jewels Limited was incorporated in 2005 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 13:41
End of Day Share Price2020/05/26 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.