Financials Gemstone Investments Limited

Equities

GEMSI6

INE503D01027

Investment Banking & Brokerage Services

Market Closed - Bombay S.E. 03:30:50 15/05/2024 pm IST 5-day change 1st Jan Change
1.75 INR -1.69% Intraday chart for Gemstone Investments Limited -7.89% +45.83%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 70.26 54.57 35.88 95.68 115.9 48.59
Enterprise Value (EV) 1 97.3 63.84 34.4 86.71 112.6 46.3
P/E ratio 14.1 x 6.76 x 4.85 x 24.5 x 55.4 x 21.1 x
Yield - - - - - -
Capitalization / Revenue 3.61 x 2.34 x 1.79 x 4.71 x 12.8 x 4.09 x
EV / Revenue 5 x 2.74 x 1.72 x 4.27 x 12.4 x 3.9 x
EV / EBITDA 11.7 x 4.57 x 3.16 x 15.1 x 15.7 x 5.25 x
EV / FCF -27.1 x 7.92 x 3.24 x 10.2 x -20.2 x 18.9 x
FCF Yield -3.69% 12.6% 30.8% 9.8% -4.94% 5.3%
Price to Book 0.3 x 0.23 x 0.15 x 0.41 x 0.49 x 0.2 x
Nbr of stocks (in thousands) 74,750 74,750 74,750 74,750 74,750 74,750
Reference price 2 0.9400 0.7300 0.4800 1.280 1.550 0.6500
Announcement Date 30/05/18 04/09/19 02/12/20 08/09/21 08/09/22 07/09/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 19.45 23.31 20.05 20.33 9.064 11.88
EBITDA 1 8.297 13.98 10.9 5.728 7.169 8.816
EBIT 1 7.86 13.52 10.44 5.269 6.916 8.761
Operating Margin 40.41% 58.02% 52.09% 25.92% 76.3% 73.72%
Earnings before Tax (EBT) 1 6.522 11.21 9.929 5.2 2.827 2.691
Net income 1 4.982 8.067 7.404 3.902 2.092 2.297
Net margin 25.61% 34.61% 36.93% 19.19% 23.08% 19.33%
EPS 2 0.0667 0.1079 0.0990 0.0522 0.0280 0.0307
Free Cash Flow 1 -3.592 8.057 10.61 8.494 -5.569 2.455
FCF margin -18.47% 34.56% 52.92% 41.78% -61.44% 20.66%
FCF Conversion (EBITDA) - 57.62% 97.32% 148.29% - 27.85%
FCF Conversion (Net income) - 99.87% 143.3% 217.7% - 106.88%
Dividend per Share - - - - - -
Announcement Date 30/05/18 04/09/19 02/12/20 08/09/21 08/09/22 07/09/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 27 9.28 - - - -
Net Cash position 1 - - 1.48 8.97 3.22 2.29
Leverage (Debt/EBITDA) 3.258 x 0.6634 x - - - -
Free Cash Flow 1 -3.59 8.06 10.6 8.49 -5.57 2.46
ROE (net income / shareholders' equity) 2.16% 3.4% 3.13% 1.67% 0.88% 0.96%
ROA (Net income/ Total Assets) 1.92% 3.17% 2.57% 1.34% 1.81% 2.27%
Assets 1 258.9 254.9 287.8 291.6 115.6 101
Book Value Per Share 2 3.120 3.230 3.110 3.160 3.190 3.220
Cash Flow per Share 2 0.0400 0.0300 0.0300 0.1200 0.0400 0.0300
Capex 1 0.71 - - - - 0.03
Capex / Sales 3.67% - - - - 0.29%
Announcement Date 30/05/18 04/09/19 02/12/20 08/09/21 08/09/22 07/09/23
1INR in Million2INR
Estimates
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