RBZ Jewellers (NSE: RBZJEWEL) share: The shares of RBZ Jewelers are continuously rising. On the last trading day, the shares reached an upper limit of 20%, and the shares hit a peak in the range of 223.75.
This is also the latest highest level in 52 weeks. Today marks the second consecutive day that the stock is at the upper circuit of 20 percent.
Since the first time that the stock was listed in December, the price has been growing steadily in its price.
The Listing Was Made On 27th December
The shares of the company were traded on the Indian stock exchanges on December 27, 2023.
The price was Rs 105 per share, which was an increase of 5% over what was the IPO price of 100 rupees. However, the price of the stock saw constant growth in the following trading sessions.
This means that the share trades at 111% higher than the current price of 211 rupees per share.
RBZ Jewelers had a Rs 100 crore initial public offering. The IPO was available for investments between December 19 and 21. The IPO was filled 17 times.
About The Company
It is a renowned firm located in Ahmedabad, Gujarat. The company was founded in the year 2008.
The company produces vintage gold-plated jewelry. It has boutiques located in Ahmedabad under the name “Harit Zaveri”.
The company is planning to expand its presence in Southern India. As for its financial results, it posted an operating loss of 22 crores in FY2013.
This is an increase of 57% compared to the net profit of 14 crore during FY2012.
The revenue from operations increased 14.28 percent to 288 crores in FY23 contrast to the Rs 252 crore earned in FY22.
Businesses of Rbz Jewellers
RBZ Jewellers Ltd is a prominent and well-organized producer of gold jewelry in India. It is an expert on Antique Gold Jewellery.
It is engaged in designing, manufacturing, distributing, and selling products for jewelry, including old-fashioned bridal and polki jewelry, diamond jewelry, as well as daily jewelry made of diamond and gold, among other items.
Fundamental Analysis of Rbz Jewellers
| Market Cap | ₹ 844 Cr. |
| Current Price | ₹ 211 |
| 52-wk High | ₹ 211 |
| 52-wk Low | ₹ 95.0 |
| Stock P/E | 37.7 |
| Book Value | — |
| Dividend | 0.00 % |
| ROCE | 23.6 % |
| ROE | 27.5 % |
| Face Value | ₹ 10.0 |
| P/B Value | — |
| OPM | 13.1 % |
| EPS | ₹ 7.44 |
| Debt | ₹ 102 Cr. |
| Debt to Equity | 0.98 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 260 | ₹ 325 |
| 2025 | ₹ 380 | ₹ 430 |
| 2026 | ₹ 521 | ₹ 600 |
| 2027 | ₹ 640 | ₹ 710 |
| 2028 | ₹ 750 | ₹ 840 |
| 2029 | ₹ 900 | ₹ 1100 |
| 2030 | ₹ 1180 | ₹ 1400 |
| Promoters Holding | |
| Dec 2023 | 75.00% |
| Public Holding | |
| Dec 2022 | 16.25% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2021 | ₹ 107 Cr |
| 2022 | ₹ 252 Cr |
| 2023 | ₹ 288 Cr |
Last 5 Years’ Net Profit:
| 2021 | ₹ 10 Cr |
| 2022 | ₹ 14 Cr |
| 2023 | ₹ 22 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.15 |
| 2020 | 1.01 |
| 2021 | 0.97 |
| 2022 | 0.85 |
| 2023 | 1.04 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Current Year: | 55% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Last Year: | 28% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Current Year: | 14% |
Conclusion
This article is a complete guide about Rbz Jewellers Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
