Gitanjali Gems Ltd (GITANJALI) share price, results

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Dec 2014	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017
Sales	3,450	3,487	2,845	3,457	3,400	4,283	3,710	3,965	3,353	5,545	5,611	3,789
Expenses	3,229	3,208	2,716	3,244	3,168	4,104	3,571	3,763	3,125	5,442	5,431	3,666
Operating Profit	220	280	129	213	232	179	140	201	228	103	180	123
OPM %	6%	8%	4.5%	6%	7%	4.2%	3.8%	5%	7%	1.9%	3.2%	3.2%
Other Income	155	-101	109	21	-3	30	75	33	27	123	55	113
Interest	270	204	208	189	137	197	146	171	178	198	160	140
Depreciation	9	20	19	20	18	24	17	18	20	20	8	27
Profit before tax	96	-45	12	25	73	-12	51	45	57	8	68	69
Tax %	-1%	-16%	-25%	-20%	3%	-19%	-12%	-0%	-3%	32%	-2%	8%
Net Profit	97	-40	14	30	70	-9	57	46	59	6	69	64
EPS in Rs	9.79	-2.96	2.03	3.22	7.37	-2.27	5.24	3.84	4.86	0.47	5.86	5.38

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	TTM
Sales	3,467	4,832	5,089	6,527	9,377	12,498	16,418	12,436	11,481	13,984	16,571	18,297
Expenses	3,293	4,561	4,762	6,043	8,787	11,622	15,225	11,573	10,401	13,208	15,872	17,664
Operating Profit	174	271	327	484	590	876	1,194	863	1,080	776	699	633
OPM %	5%	6%	6%	7%	6%	7%	7%	7%	9%	6%	4.2%	3.5%
Other Income	12	6	3	3	104	83	10	9	29	175	259	319
Interest	63	62	137	218	254	406	546	797	973	772	721	676
Depreciation	7	20	34	45	56	29	37	38	47	81	75	74
Profit before tax	116	195	158	225	383	524	621	36	88	98	161	202
Tax %	12%	11%	2%	10%	7%	6%	4%	1%	-1%	-8%	-3%
Net Profit	102	175	155	202	357	490	595	36	87	105	167	198
EPS in Rs	15.55	18.89	17.70		41.81	53.47	64.27	3.64	9.73	10.12	14.14	16.57
Dividend Payout %	10%	10%	10%	8%	7%	6%	5%	0%	0%	5%	6%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	17%	6%	10%	19%
Compounded Profit Growth	6%	-19%	70%	27%
Stock Price CAGR	-33%	%	%		%
Return on Equity	7%	5%	3%			3%

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Sep 2017
Equity Capital	59	85	85	84	85	91	92	92	98	102	119	119
Reserves	769	1,800	1,992	2,112	2,445	3,019	3,676	3,852	4,061	6,223	6,444	6,603
Borrowings	1,459	1,634	2,047	2,595	3,127	3,944	5,239	8,484	8,819	8,361	8,254	7,185
Other Liabilities	1,122	1,842	1,769	1,624	2,449	3,637	4,911	2,266	3,746	6,288	8,722	9,969
Total Liabilities	3,409	5,360	5,893	6,416	8,107	10,690	13,919	14,694	16,724	20,975	23,539	23,876
Fixed Assets	133	267	307	309	275	243	283	327	363	2,520	2,528	2,288
CWIP	44	60	53	63	95	96	88	81	81	81	40	40
Investments	23	14	33	36	43	58	102	86	84	49	62	78
Other Assets	3,209	5,019	5,500	6,008	7,693	10,292	13,445	14,200	16,196	18,325	20,909	21,470
Total Assets	3,409	5,360	5,893	6,416	8,107	10,690	13,919	14,694	16,724	20,975	23,539	23,876

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Cash from Operating Activity	-112	102	-636	137	526	368	-16	-2,966	463	1,338
Cash from Investing Activity	-132	-206	-133	-24	-58	-7	-107	-34	-90	-31
Cash from Financing Activity	450	609	-57	-172	-267	-149	441	2,385	-468	-1,330
Net Cash Flow	206	506	-826	-59	201	212	318	-615	-95	-23
Free Cash Flow	-221	36	-664	122	472	361	-87	-3,000	458	1,282
CFO/OP	-56%	47%	-191%	33%	94%	50%	5%	-342%	45%	177%

	Mar 2006	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017
Debtor Days	188	160	172	198	181	156	157	160	278	315	301	283
Inventory Days	45	93	112	175	141	132	126	112	122	194	163	173
Days Payable	82	105	148	129	88	100	113	112	58	123	164	199
Cash Conversion Cycle	150	148	137	244	234	188	171	160	343	386	300	257
Working Capital Days	163	167	162	247	234	65	71	56	106	124	107	86
ROCE %		9%	9%	8%	10%	12%	14%	14%	8%	9%	6%	6%

	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017
Promoters	32.88%	30.28%	30.99%	31.04%	31.04%	31.04%	27.76%
FIIs	3.33%	0.45%	5.59%	8.17%	8.36%	8.05%	10.23%
DIIs	4.47%	6.12%	4.21%	4.18%	4.10%	4.10%	5.36%
Public	59.31%	63.16%	59.21%	56.60%	56.50%	56.81%	56.65%
No. of Shareholders	71,977	68,752	72,178	69,844	68,590	67,608	80,991

Fundamentals

Market Cap₹ 12.4 Cr.

Current Price₹ 1.05

Stock P/E0.06

Book Value₹ 567

ROCE5.96 %

ROE2.60 %

Dividend Yield0.00 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)19%

Compounded Profit Growth (TTM)27%

Consolidated figures.

Valuation

Market capRs 12 Cr

Enterprise valueRs 7,981 Cr

P/E (TTM)0.06x

Price to book0.00x

Price to sales0.00x

EV / EBITDA8.38x

EV / EBIT9.08x

EV / sales0.44x

Earnings yield1577.88%

Dividend yield76.20%

P/E, 3-year average4.03x

P/B, 3-year average0.09x

P/E, 5-year average7.50x

P/B, 5-year average0.37x

Profitability

Operating margin (excl. other income)4.22%

Operating margin (incl. other income)5.78%

EBITDA margin5.21%

Pre-tax margin1.11%

Net profit margin1.07%

Net margin, latest quarter1.68%

ROE2.60%

ROCE5.98%

ROA0.75%

ROE, 3-year average2.31%

ROCE, 3-year average6.88%

ROA, 3-year average0.64%

ROE, 5-year average5.00%

ROCE, 5-year average8.59%

ROA, 5-year average1.39%

ROIC (approx.)6.25%

Tax rate-3.36%

Other income / net worth3.94%

Growth

Sales growth (latest year)18.49%

Profit growth (latest year)61.71%

Sales CAGR, 3 years10.04%

Sales CAGR, 5 years5.80%

Profit CAGR, 3 years71.03%

Profit CAGR, 5 years-19.21%

Sales growth QoQ-32.48%

Profit growth QoQ-8.16%

Sales growth YoY (latest quarter)-4.44%

Profit growth YoY (latest quarter)40.16%

Per share

EPS (TTM)Rs 16.57

EPS (latest year)Rs 14.14

EPS (latest quarter)Rs 5.38

EPS, 3-year averageRs 11.33

EPS, 5-year averageRs 20.38

Book value per shareRs 553.24

Sales per shareRs 1,542.57

Free cash flow per shareRs 108.08

Dividend per share (latest year)Rs 0.80

Dividend per share, 3-year averageRs 0.65

Dividend per share, 5-year averageRs 1.43

Dividends

Dividend payout5.66%

Dividend payout, 3-year average5.30%

Dividend payout, 5-year average5.09%

Efficiency

Asset turnover0.70x

Fixed asset turnover6.55x

Inventory turnover2.13x

Inventory days171 days

Debtor days283 days

Debtors turnover1.29x

Creditor days199 days

Cash conversion cycle257 days

Working capital days86 days

Leverage

Total debtRs 8,254 Cr

Cash and bankRs 285 Cr

Net debtRs 7,969 Cr

Debt to equity1.26x

Net debt / EBITDA8.36x

Interest coverage1.30x

Owners' fund to total sources27.88%

Debt to assets35.07%

Cash flow

Free cash flow (latest year)Rs 1,282 Cr

FCFE (approx.: FCF + change in debt)Rs 1,175 Cr

Cash from ops / profit, 5 years-0.62x

Statement figures

Net sales (TTM)Rs 18,297 Cr

Net sales (latest year)Rs 16,571 Cr

Sales (latest quarter)Rs 3,789 Cr

Operating profit excl. other income (latest year)Rs 699 Cr

Operating profit (latest quarter)Rs 123 Cr

Other income (TTM)Rs 319 Cr

EBITDA (TTM)Rs 953 Cr

PBDT (TTM)Rs 277 Cr

Profit before tax (TTM)Rs 202 Cr

Tax (latest year)Rs -5 Cr

Net profit (TTM)Rs 197 Cr

Net profit (latest year)Rs 168 Cr

Net profit (latest quarter)Rs 64 Cr

Depreciation (TTM)Rs 74 Cr

Depreciation (latest quarter)Rs 27 Cr

Interest (TTM)Rs 676 Cr

Cost of goods sold (latest year)Rs 15,295 Cr

Total expenditure (latest year)Rs 15,872 Cr

Total income (latest year)Rs 16,829 Cr

Share capitalRs 119 Cr

ReservesRs 6,444 Cr

Shareholders' fundsRs 6,562 Cr

Total assetsRs 23,539 Cr

Net blockRs 2,528 Cr

Capital work in progressRs 40 Cr

InvestmentsRs 62 Cr

ReceivablesRs 12,829 Cr

InventoryRs 7,172 Cr

Other liabilitiesRs 8,722 Cr

Shares outstanding (crore)11.86

Ownership

Promoter holding27.76% (-3.23 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 0.1 is the lowest in its own 2.6-year history (median 4.1, low 0.1, high 6.6).

P/B 0.00 is the lowest in 2.6 years (median 0.11).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	GITANJALI	Nifty 50	Difference
1 week	+0.0%	-2.8%	+2.8 pts
1 month	-27.6%	-6.8%	-20.8 pts
3 months	-66.7%	-7.6%	-59.0 pts
6 months	-76.9%	+0.4%	-77.3 pts
1 year	-98.5%	-9.9%	-88.5 pts
2 years	-98.7%	-13.6%	-85.1 pts
3 years	-96.8%	+14.2%	-111.0 pts
5 years	-98.3%	+27.9%	-126.2 pts

Red flags

F-score 4 of 6

explain	Share dilution Share count up 16% in a year, 29% in three
explain	Low interest cover Interest cover 1.2x in 2017
look	Profit leans on other income Other income was 160% of pre-tax profit in 2017

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Sep 2017

Sales ₹3,789 Cr -4.4% vs Sep 2016. Net profit ₹64 Cr +39.1%.

Activity

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No bulk or block deals on record.

Ex-date	Action	Factor
2017-09-14	Dividend - Re 0.80 Per Share
2016-09-15	Dividend - Re 0.50 Per Share
2015-09-16	Annual General Meeting
2014-09-18	Annual General Meeting
2013-09-19	Annual General Meeting / Final Dividend - Rs 3/- Per Share
2012-09-13	Annual General Meeting And Dividend Rs.3/- Per Share
2011-09-09	Dividend-Rs.3/- Per Share
2010-09-08	Annual General Meeting And Final Dividend Rs.2/- Per Share
2009-09-03	Dividend-Rs.1.80 Pr Share
2008-09-04	Agm/Dividend - 18%
2007-09-06	Agm/Dividend-15%
2006-09-12	Agm/Dividend-10%

No announcements in our files yet.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Gitanjali Gems Ltd?

Gitanjali Gems Ltd (GITANJALI) has a market capitalisation of Rs 12.4 Cr. at the 2019-04-01 close.

What is the P/E ratio of Gitanjali Gems Ltd?

Gitanjali Gems Ltd trades at a P/E of 0.06 on trailing twelve-month profit, at the 2019-04-01 close.

What were Gitanjali Gems Ltd's latest quarterly results?

In the Sep 2017 quarter, Gitanjali Gems Ltd sales was Rs 3,789 Cr (-4.4% vs Sep 2016) and net profit was Rs 64 Cr.