Gitanjali Gems share price

BSE: 532715Consumer Durables

Gitanjali Gems Ltd. · Face value ₹10 · Listed Mar 2006

Trading suspended since 2 Apr 2019

Last traded ₹1.05 on 1 Apr 2019

Latest announcements

Routine notices left out.

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses

Daily close, ₹ per share

Results for the quarter to Sep 2017

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹2,327 Cr−45.6% on the quarter before
Operating profit
₹73 Cr−9.0% on the quarter before
Net profit
₹34 Cr+106.6% on the quarter before
Earnings per share
₹2.89+106.4% on the quarter before
Operating margin
3.1%
Net margin
1.5%

From revenue to net profit, ₹ crore

  1. Revenue2,327
  2. Materials and goods−2,222
  3. Employee costs−8.8
  4. Other expenses−23
  5. Operating profit73
  6. Depreciation−3.4
  7. Other income+51
  8. Finance costs−89
  9. Profit before tax32
  10. Tax+2.8
  11. Net profit34

Gitanjali Gems results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2017. Results for the quarter to Dec 2017 were due by 14 Feb 2018, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
1,75239Dec 142,344−37Mar 151,64016Jun 151,72219Sep 152,09321Dec 153,149−6.6Mar 161,72822Jun 162,28922Sep 161,9255.0Dec 163,993−15Mar 174,27817Jun 172,32734Sep 17
A loss in 3 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
6.7%−1.6%5.1%6.5%5.4%4.6%4.8%5.2%4.0%6.7%2.9%2.7%1.9%3.1%2.3%−1.6%1.0%1.1%1.0%−0.2%1.3%1.0%0.3%−0.4%0.4%1.5%Dec 14Jun 15Dec 15Jun 16Dec 16Jun 17Sep 17
₹ croreDec 2012Mar 2013Jun 2013Sep 2013Dec 2013Mar 2014Jun 2014Sep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017
Revenue from operations2,4543,6562,6152,3051,2651,1581,5261,5361,7522,3441,6401,7222,0933,1491,7282,2891,9253,9934,2782,327
2,3293,5082,4862,2131,1381,0801,4161,3931,6632,1921,5511,6431,9932,9851,6592,1351,8693,8854,1972,254
Materials and goods bought–––––1,049–––––––––––3,8344,1612,222
Employee costs–––––4–––––––––––1099
Other expenses–––––26–––––––––––402823
Operating profit before depreciation125148129921267811114389152887910016368154561088073
Operating margin5.1%4.1%4.9%4.0%10.0%6.8%7.2%9.3%5.1%6.5%5.4%4.6%4.8%5.2%4.0%6.7%2.9%2.7%1.9%3.1%
Depreciation and amortisation12111111121112344333
Other income−1−31−5020–08−11120−654836−11−6134−770305051
Finance costs57717210712211311012216912311996671078011811914611389
Profit before one-off items and tax6544642−358840−38161921−819243−111432
One-off items–0–––−1––0–––––––––––
Profit before tax6544642−378840−38161921−819243−111432
Tax0−1000−2000−1000−1−41−24−3−3
Tax rate0.1%−1.2%3.5%3.6%6.9%–1.7%1.8%0.4%–0.3%0.3%0.3%–−18.9%6.2%−78.4%–−21.3%−8.8%
Net profit6544642−358839−37161921−722225−151734
Net margin2.7%1.2%0.2%0.2%0.2%−3.0%0.5%0.5%2.3%−1.6%1.0%1.1%1.0%−0.2%1.3%1.0%0.3%−0.4%0.4%1.5%
Earnings per share₹7.14₹4.84₹0.65₹0.44₹0.25−₹3.80–––−₹3.79₹1.61––––––−₹1.34₹1.40₹2.89
Diluted earnings per share₹7.14₹4.81₹0.64₹0.41₹0.23−₹3.55–––−₹3.75₹1.52––––––−₹1.34₹1.40₹2.89
Earnings per share in rupees, restated for later splits and bonuses.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2017, the company's revenue for the year to Mar 2017, ₹10,465 Cr, differs from its quarters added, ₹9,934 Cr.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
2,654138Mar 082,694127Mar 093,355142Mar 105,122225Mar 117,755258Mar 1210,381265Mar 137,343−23Mar 147,15819Mar 158,60449Mar 1610,46540Mar 17
A loss in 1 of the 10 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin
6.9%−0.3%6.4%5.2%4.7%5.4%6.9%5.0%3.7%5.2%4.7%4.2%4.4%3.3%2.6%−0.3%0.3%0.6%0.4%Mar 08Mar 10Mar 12Mar 14Mar 16Mar 17

The years either side of a change of basis do not compare. From the year to Mar 2012, the company's revenue for that year, ₹7,755 Cr, differs from its quarters added, ₹7,992 Cr. From the year to Mar 2017, the company's revenue for that year, ₹10,465 Cr, differs from its quarters added, ₹9,934 Cr.

Results for the year to Mar 2017

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue10,465
  2. Materials and goods−9,821
  3. Employee costs−39
  4. Other expenses−218
  5. Operating profit387
  6. Depreciation−17
  7. Other income+147
  8. Finance costs−478
  9. Profit before tax39
  10. Tax+0.6
  11. Net profit40

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2017, the latest four quarters added.

₹ croreMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Sep 2017Twelve months
Revenue from operations2,6542,6943,3555,1227,75510,3817,3437,1588,60410,46512,523
2,485–––7,3509,8916,9476,6638,17210,07812,205
Materials and goods bought2,426–––––6,583––9,821–
Employee costs12–––––20––39–
Other expenses47–––––344––218–
Operating profit before depreciation169–––406489396495431387318
Operating margin6.4%–––5.2%4.7%5.4%6.9%5.0%3.7%2.5%
Materials, % of revenue91.4%–––––89.6%––93.9%–
Employee costs, % of revenue0.4%–––––0.3%––0.4%–
Other expenses, % of revenue1.8%–––––4.7%––2.1%–
Depreciation and amortisation3–––355541715
Operating profit after depreciation166–––402484392490427370303
Other income0001981905211147201
Finance costs1845101100251239414524390478467
Profit before one-off items and tax–131149229249265−2319483937
One-off items––––100−10–––
Profit before tax149131149229259265−2419483937
Tax1147400−10−1−1−4
Net profit138127142225258265−2319494041
Net margin5.2%4.7%4.2%4.4%3.3%2.6%−0.3%0.3%0.6%0.4%0.3%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2012, Mar 2013, Mar 2015 and Mar 2016 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2009, Mar 2010 and Mar 2011: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Earnings per share₹20.48₹14.90₹16.84₹26.46₹29.43₹28.90−₹2.46₹1.94–₹3.46
Diluted earnings per share₹16.27₹12.91₹14.53₹22.84₹29.37₹28.77−₹2.30₹1.92–₹3.46
Dividend per share₹1.80₹1.80₹2.00₹3.00₹3.00₹3.00––₹0.50₹0.80
Dividend payout–12.1%11.9%11.3%10.6%10.4%––––
Market cap at the year end (₹ crore)–3859932,0892,9535,454543403––

Ratios

Standalone, years to March.

RatioMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue growth–1.5%24.5%52.7%–33.8%−29.3%−2.5%20.2%–
Operating profit growth–––––20.5%−19.0%24.9%−12.8%–
Net profit growth–−8.2%12.1%58.1%15.0%2.6%––158.5%–
Earnings per share growth–−27.2%13.0%57.1%11.2%−1.8%––––
Interest cover9.3–––1.62.00.90.91.10.8
Revenue growth is left blank for the year to Mar 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Revenue growth, operating profit growth and net profit growth are left blank for the year to Mar 2017: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2017.

Measure10 years5 years3 years
Operating margin, average–5.1%5.2%
Net margin, average2.5%0.7%0.4%
Interest cover, average–1.20.9

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Effective tax ratePublished threshold 17.16 per cent7.083.024.861.910.15−0.14–−1.75––
A threshold marked as ours has no published figure; it is the line we read the check against.

Where the return came from

Yearly rates to Mar 2017, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+103.8%––1.2%
3 years+4.7%––0.9%
5 years−26.6%––0.7%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth and the change in P/E over 5 years are left empty: the earnings per share stated for one end does not match that year's profit and share count, and no share count is on record to work it out.

Gitanjali Gems dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2017.

  • Paid 2 years running, from the year to Mar 2016
  • Raised 1 year running
Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2017₹0.80₹0.80
2016₹0.50₹0.50
2013₹3.00₹3.00
2012₹3.00₹3.00
2011₹3.00₹3.00
2010₹2.00₹2.00
2009₹1.80₹1.80
2008₹1.80₹1.80

Interim or final dividendSpecial dividendNone that month

Dividends by year

The share of each year's profit paid out, for the year it was paid for.

Share of profit paid out, %, where the year's results are on record

Mar 17Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

Gitanjali Gems dividend history

Every payment with its ex-date and record date, year by year.

2017

  • Sep14Thu

    ₹0.80Final

    Ex-date 14 Sep 2017 · books closed to 28 Sep 2017

    1.13%of the price

2016

  • Sep15Thu

    ₹0.50Final

    Ex-date 15 Sep 2016 · books closed to 30 Sep 2016

    0.87%of the price

2013

  • Sep19Thu

    ₹3.00Final

    Ex-date 19 Sep 2013 · books closed to 30 Sep 2013

    4.46%of the price

2012

  • Sep13Thu

    ₹3.00Final

    Ex-date 13 Sep 2012 · books closed to 28 Sep 2012

    0.88%of the price

2011

  • Sep9Fri

    ₹3.00Final

    Ex-date 9 Sep 2011 · books closed to 26 Sep 2011

    0.90%of the price

2010

  • Sep8Wed

    ₹2.00Final

    Ex-date 8 Sep 2010 · books closed to 25 Sep 2010

    0.95%of the price

2009

  • Sep3Thu

    ₹1.80Final

    Ex-date 3 Sep 2009 · books closed to 19 Sep 2009

    1.57%of the price

2008

  • Sep4Thu

    ₹1.80Final

    Ex-date 4 Sep 2008 · books closed to 18 Sep 2008

    0.75%of the price

2007

  • Sep6Thu

    ₹1.50Final

    Ex-date 6 Sep 2007 · books closed to 20 Sep 2007

    0.52%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date. A book closure is the run of days the company's register is frozen to settle who is paid; a record date is the one-day form of it.

Gitanjali Gems share price by year

Each calendar year to 2019.

YearClose at year endChangeHighest closeLowest close
20191.050.0%1.251.00
20181.05−98.5%81.551.05
201768.25+20.9%94.6055.85
201656.45+36.4%88.2030.55
201541.40−23.0%55.6533.45
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2019 close is its last trade, on 1 Apr 2019.

Recent sessions

The 10 trading days to 1 Apr 2019, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
1 Apr 20190.951.050.951.051.0362,587
25 Mar 20191.001.050.951.000.9979,839
18 Mar 20191.001.101.001.001.051,19,936
11 Mar 20191.001.101.001.051.061,68,201
5 Mar 20191.001.101.001.051.0587,995
25 Feb 20191.051.151.051.051.0799,285
18 Feb 20191.101.101.101.101.1053,003
11 Feb 20191.201.201.151.151.1611,914
4 Feb 20191.201.251.201.201.2177,703
28 Jan 20191.201.251.151.251.202,23,106
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
9 Dec 2010Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
6 Apr 2009Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
532715
ISIN
INE346H01014
Industry
Consumer Durables
Former symbols
GITANJALI
CIN
L36911MH1986PLC040689
Corporate identity number, the registrar of companies' code for it
Incorporated
1986
Registered office
Office No.1, A-Wing, 7th Floor, Laxmi Tower, Bandra-Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments