Gitanjali Gems share price
BSE: 532715Consumer Durables
Trading suspended since 2 Apr 2019
Last traded ₹1.05 on 1 Apr 2019
Latest announcements
Routine notices left out.
Feb 2024
19 Feb · Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)
13 Feb · Corporate Insolvency Resolution Process
Nov 2021
Results for the quarter to Sep 2017
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹2,327 Cr−45.6% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹73 Cr−9.0% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹34 Cr+106.6% on the quarter before
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹2.89+106.4% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Operating margin
- 3.1%
- Net margin
- 1.5%
From revenue to net profit, ₹ crore
- Revenue2,327
- Materials and goods−2,222
- Employee costs−8.8
- Other expenses−23
- Operating profit73
- Depreciation−3.4
- Other income+51
- Finance costs−89
- Profit before tax32
- Tax+2.8
- 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
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,454 | 3,656 | 2,615 | 2,305 | 1,265 | 1,158 | 1,526 | 1,536 | 1,752 | 2,344 | 1,640 | 1,722 | 2,093 | 3,149 | 1,728 | 2,289 | 1,925 | 3,993 | 4,278 | 2,327 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 2,329 | 3,508 | 2,486 | 2,213 | 1,138 | 1,080 | 1,416 | 1,393 | 1,663 | 2,192 | 1,551 | 1,643 | 1,993 | 2,985 | 1,659 | 2,135 | 1,869 | 3,885 | 4,197 | 2,254 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | – | – | – | – | – | 1,049 | – | – | – | – | – | – | – | – | – | – | – | 3,834 | 4,161 | 2,222 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | – | – | – | – | – | 4 | – | – | – | – | – | – | – | – | – | – | – | 10 | 9 | 9 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | – | – | – | – | – | 26 | – | – | – | – | – | – | – | – | – | – | – | 40 | 28 | 23 |
| Operating profit before depreciation | 125 | 148 | 129 | 92 | 126 | 78 | 111 | 143 | 89 | 152 | 88 | 79 | 100 | 163 | 68 | 154 | 56 | 108 | 80 | 73 |
| Operating margin | 5.1% | 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 amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 3 | 3 | 3 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | −1 | −31 | −50 | 20 | – | 0 | 8 | −11 | 120 | −65 | 48 | 36 | −11 | −61 | 34 | −7 | 70 | 30 | 50 | 51 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 57 | 71 | 72 | 107 | 122 | 113 | 110 | 122 | 169 | 123 | 119 | 96 | 67 | 107 | 80 | 118 | 119 | 146 | 113 | 89 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | 65 | 44 | 6 | 4 | 2 | −35 | 8 | 8 | 40 | −38 | 16 | 19 | 21 | −8 | 19 | 24 | 3 | −11 | 14 | 32 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | 0 | – | – | – | −1 | – | – | 0 | – | – | – | – | – | – | – | – | – | – | – |
| Profit before tax | 65 | 44 | 6 | 4 | 2 | −37 | 8 | 8 | 40 | −38 | 16 | 19 | 21 | −8 | 19 | 24 | 3 | −11 | 14 | 32 |
| Tax | 0 | −1 | 0 | 0 | 0 | −2 | 0 | 0 | 0 | −1 | 0 | 0 | 0 | −1 | −4 | 1 | −2 | 4 | −3 | −3 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 0.1% | −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 profit | 65 | 44 | 6 | 4 | 2 | −35 | 8 | 8 | 39 | −37 | 16 | 19 | 21 | −7 | 22 | 22 | 5 | −15 | 17 | 34 |
| Net margin | 2.7% | 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 shareDiluted earnings per share. Earnings per share counting the shares that options, warrants and convertible bonds already granted would add, on today's share count after splits and bonuses. Diluted earnings per share in the glossary | ₹7.14 | ₹4.81 | ₹0.64 | ₹0.41 | ₹0.23 | −₹3.55 | – | – | – | −₹3.75 | ₹1.52 | – | – | – | – | – | – | −₹1.34 | ₹1.40 | ₹2.89 |
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
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
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
- Revenue10,465
- Materials and goods−9,821
- Employee costs−39
- Other expenses−218
- Operating profit387
- Depreciation−17
- Other income+147
- Finance costs−478
- Profit before tax39
- Tax+0.6
- 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.
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Sep 2017Twelve months |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,654 | 2,694 | 3,355 | 5,122 | 7,755 | 10,381 | 7,343 | 7,158 | 8,604 | 10,465 | 12,523 |
| 2,485 | – | – | – | 7,350 | 9,891 | 6,947 | 6,663 | 8,172 | 10,078 | 12,205 | |
| Materials and goods bought | 2,426 | – | – | – | – | – | 6,583 | – | – | 9,821 | – |
| Employee costs | 12 | – | – | – | – | – | 20 | – | – | 39 | – |
| Other expenses | 47 | – | – | – | – | – | 344 | – | – | 218 | – |
| Operating profit before depreciation | 169 | – | – | – | 406 | 489 | 396 | 495 | 431 | 387 | 318 |
| Operating margin | 6.4% | – | – | – | 5.2% | 4.7% | 5.4% | 6.9% | 5.0% | 3.7% | 2.5% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | 91.4% | – | – | – | – | – | 89.6% | – | – | 93.9% | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | 0.4% | – | – | – | – | – | 0.3% | – | – | 0.4% | – |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | 1.8% | – | – | – | – | – | 4.7% | – | – | 2.1% | – |
| Depreciation and amortisation | 3 | – | – | – | 3 | 5 | 5 | 5 | 4 | 17 | 15 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 166 | – | – | – | 402 | 484 | 392 | 490 | 427 | 370 | 303 |
| Other income | 0 | 0 | 0 | 1 | 98 | 19 | 0 | 52 | 11 | 147 | 201 |
| Finance costs | 18 | 45 | 101 | 100 | 251 | 239 | 414 | 524 | 390 | 478 | 467 |
| Profit before one-off items and tax | – | 131 | 149 | 229 | 249 | 265 | −23 | 19 | 48 | 39 | 37 |
| One-off items | – | – | – | – | 10 | 0 | −1 | 0 | – | – | – |
| Profit before tax | 149 | 131 | 149 | 229 | 259 | 265 | −24 | 19 | 48 | 39 | 37 |
| Tax | 11 | 4 | 7 | 4 | 0 | 0 | −1 | 0 | −1 | −1 | −4 |
| Net profit | 138 | 127 | 142 | 225 | 258 | 265 | −23 | 19 | 49 | 40 | 41 |
| Net margin | 5.2% | 4.7% | 4.2% | 4.4% | 3.3% | 2.6% | −0.3% | 0.3% | 0.6% | 0.4% | 0.3% |
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 1.5% | 24.5% | 52.7% | – | 33.8% | −29.3% | −2.5% | 20.2% | – |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | – | – | – | – | 20.5% | −19.0% | 24.9% | −12.8% | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | – | −8.2% | 12.1% | 58.1% | 15.0% | 2.6% | – | – | 158.5% | – |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | −27.2% | 13.0% | 57.1% | 11.2% | −1.8% | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 9.3 | – | – | – | 1.6 | 2.0 | 0.9 | 0.9 | 1.1 | 0.8 |
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.
| Measure | 10 years | 5 years | 3 years |
|---|---|---|---|
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 5.1% | 5.2% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 2.5% | 0.7% | 0.4% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 1.2 | 0.9 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 7.08 | 3.02 | 4.86 | 1.91 | 0.15 | −0.14 | – | −1.75 | – | – |
Where the return came from
Yearly rates to Mar 2017, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +103.8% | – | – | 1.2% |
| 3 years | +4.7% | – | – | 0.9% |
| 5 years | −26.6% | – | – | 0.7% |
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 2016Paid years running. Consecutive years ending here in which a dividend was declared, counted from 2007.
- Raised 1 year runningRaised years running. Consecutive years ending here in which the dividend per share, on today's share count, was higher than the year before.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | In 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
Dividend payout. Dividends per share on the year end's share count × shares in issue ÷ profit to the company's own shareholders for the year × 100, on the standalone accounts, which cover the company alone without its subsidiaries; empty where that year's results are not on record, show a loss or have no share count, and for a row that is not a full year. Dividend payout in the glossaryGitanjali Gems dividend history
Every payment with its ex-date and record date, year by year.
2017
- Sep14Thu
₹0.80FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary
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.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2019 | 1.05 | 0.0% | 1.25 | 1.00 |
| 2018 | 1.05 | −98.5% | 81.55 | 1.05 |
| 2017 | 68.25 | +20.9% | 94.60 | 55.85 |
| 2016 | 56.45 | +36.4% | 88.20 | 30.55 |
| 2015 | 41.40 | −23.0% | 55.65 | 33.45 |
Recent sessions
The 10 trading days to 1 Apr 2019, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 1 Apr 2019 | 0.95 | 1.05 | 0.95 | 1.05 | 1.03 | 62,587 |
| 25 Mar 2019 | 1.00 | 1.05 | 0.95 | 1.00 | 0.99 | 79,839 |
| 18 Mar 2019 | 1.00 | 1.10 | 1.00 | 1.00 | 1.05 | 1,19,936 |
| 11 Mar 2019 | 1.00 | 1.10 | 1.00 | 1.05 | 1.06 | 1,68,201 |
| 5 Mar 2019 | 1.00 | 1.10 | 1.00 | 1.05 | 1.05 | 87,995 |
| 25 Feb 2019 | 1.05 | 1.15 | 1.05 | 1.05 | 1.07 | 99,285 |
| 18 Feb 2019 | 1.10 | 1.10 | 1.10 | 1.10 | 1.10 | 53,003 |
| 11 Feb 2019 | 1.20 | 1.20 | 1.15 | 1.15 | 1.16 | 11,914 |
| 4 Feb 2019 | 1.20 | 1.25 | 1.20 | 1.20 | 1.21 | 77,703 |
| 28 Jan 2019 | 1.20 | 1.25 | 1.15 | 1.25 | 1.20 | 2,23,106 |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 9 Dec 2010 | Price 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 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
Company details
- BSE code
- 532715
- ISIN
- INE346H01014
- Industry
- Consumer Durables
- Former symbols
- GITANJALI
- Website
- www.gitanjaligroup.com
- 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