Share the post "Narbada Gems and Jewellery : Q4 2024 Financial Quarterly Report : YoY Sales Down 51.8 %, QoQ Down 70.91 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -51.8 % over the year, decrease in net sales/revenue by -70.91 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 135.48 %. Marginal increase in other income during this quarter, up by 10%.
- Profit over the Year and quarter: Significant improvement in profitability for Narbada Gems and Jewellery Limited. Notable increase of 408.71 % in net profit Year to Year, Narbada Gems and Jewellery Limited’s profitability dropped by -154.09 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 400.00 % Year to Year. EPS decreased by -153.92 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 19.017 Cr | Rs. 31.517 Cr | Rs. 9.167 Cr | -70.91 % | -51.8 % |
| Expenses | Rs. 19.23 Cr | Rs. 25.23 Cr | Rs. 11.72 Cr | -53.55 % | -39.05 % |
| Operating Profit | Rs. -0.21 Cr | Rs. 6.29 Cr | Rs. -2.55 Cr | -140.54 % | -1114.29 % |
| OPM % | -1.1 % | 19.96 % | -27.82 % | -47.78 % | -26.72 % |
| Other Income | Rs. -0.31 Cr | Rs. 0.1 Cr | Rs. 0.11 Cr | + 10 % | + 135.48 % |
| Interest | Rs. 0.57 Cr | Rs. 0.49 Cr | Rs. 0.46 Cr | -6.12 % | -19.3 % |
| Depreciation | Rs. 0.05 Cr | Rs. 0.13 Cr | Rs. 0.14 Cr | + 7.69 % | + 180 % |
| Profit before tax | Rs. -1.14 Cr | Rs. 5.77 Cr | Rs. -3.04 Cr | -152.69 % | -166.67 % |
| Tax % | -32.4 % | 25.19 % | -23.04 % | -48.23 % | + 9.36 % |
| Net Profit | Rs. -0.46 Cr | Rs. 4.32 Cr | Rs. -2.34 Cr | -154.17 % | -408.7 % |
| EPS in Rs | Rs. -0.22 | Rs. 2.04 | Rs. -1.1 | -153.92 % | -400 % |
Today, we’re looking at Narbada Gems and Jewellery Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -51.8 %. However, it did see a marginal slip of -70.91 % from the previous quarter. Expenses decreased slightly by -53.55 % quarter-on-quarter, aligning with the annual decline of -39.05 %. Operating profit, while down -1114.29 % compared to last year, faced a quarter-on-quarter dip of -140.54 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -26.72 %, but a shrinkage of -47.78 % sequentially. Other income rose by 10 % compared to the last quarter, despite an annual growth of 135.48 %. Interest expenses dropped significantly by -6.12 % from the previous quarter, yet the year-over-year decrease remains at a moderate -19.3 %. Depreciation costs climbed by 7.69 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 180 %. Profit before tax declined annually by -166.67 % but saw a reduction from the preceding quarter by -152.69 %.
Tax expenses as a percentage of profits increased slightly by 9.36 % compared to last year, with a more notable quarter-on-quarter decrease of -48.23 %. Net profit fell by -408.7 % year-on-year but witnessed a -154.17 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -400 % but a quarterly fall of -153.92 %. In summary, Narbada Gems and Jewellery Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 19.017 Cr | Rs. 31.517 Cr | Rs. 9.167 Cr | -70.91 % | -51.8 % |
| Expenses | Rs. 19.23 Cr | Rs. 25.23 Cr | Rs. 11.72 Cr | -53.55 % | -39.05 % |
| Operating Profit | Rs. -0.21 Cr | Rs. 6.29 Cr | Rs. -2.55 Cr | -140.54 % | -1114.29 % |
| Net Profit | Rs. -0.46 Cr | Rs. 4.32 Cr | Rs. -2.34 Cr | -154.17 % | -408.7 % |
| EPS in Rs | Rs. -0.22 | Rs. 2.04 | Rs. -1.1 | -153.92 % | -400 % |
In reviewing Narbada Gems and Jewellery Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -51.8 % year-on-year, although there was a slight dip of -70.91 % from the previous quarter. Expenses decreased by -39.05 % compared to the previous year, with a decrease of -53.55 % quarter-on-quarter. Operating Profit dropped by -1114.29 % annually, and saw a -140.54 % decrease from the last quarter.
Net Profit showed yearly decrease of -408.7 %, and experienced a -154.17 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -400 % annually, however dipped by -153.92 % compared to the last quarter. In essence, while Narbada Gems and Jewellery Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
36
3-Year Profit
29
5-Year Profit
28
10-Year Profit
56.9
Current Price
120
Market Cap
For the company identified by BSE code 519455, the financial performance highlights a solid five-year profit of 29 percents. This figure escalates to 36 percents over the three-year period, pointing to positive momentum in its earnings. Despite these encouraging trends, the trailing twelve-month (TTM) figures uncover an alarming profit loss of 35 percents. This decline, coupled with the fact that the company recorded zero sales across all periods examined, raises red flags about the sustainability of its business model and its ability to generate consistent revenue. Furthermore, the stock price fluctuations during this period further reflect the company's uncertain position. The stock started at 8 percents but has since plummeted to 45 percents recently, painting a picture of rapid decline. Over a longer ten-year horizon, the stock price stood at 34 percents, further underscoring the long-term challenges the company faces in maintaining investor confidence and market value.
The company has a market capitalization of ₹120 crore and is currently trading at a stock price of ₹56.9. Over time, the stock has fluctuated between the historical highs and lows of ₹102 / 41.8, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of 23.7, the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹23.5, showcasing the underlying asset value. Additionally, the dividend yield is 0.00%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 11.7%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is 10.8%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 0.49, signaling minimal leverage. It also reports a net cash flow of ₹-2.93 crore, reflecting the company's ability to generate cash. The Piotroski score is 7.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹35.6. The Price-to-Book (P/B) ratio of 2.43 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
