Goldkart Jewels Ltd
Introduction
Goldkart jewels is a company founded in 2000 in Ahmedabad. It is involved in manufacturing, trading gold, silver, diamond and platinum jewellery.
Company Overview
The company has a business model of manufacturing the ornaments from bullions and deals in various precious metals. The company has operations in its brands called freya and jinansh. It focuses on bridal and daily wear jewellery.
The company indicates a better working capital.
Promotor and founder introduction
The company was founded by Vijay Chinubhai Shah as a sole proprietor. He is the managing director of the company.
The company was incorporated as a private listed company in February 2010, promoted by Alpaben shah wife of vijay shah. They all restructured its entity.
VIJAY CHINUBHAI SHAH
(Founder and promotor)
Financial Statement Analysis
Income Statement
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Sales | 58.40 | 68.21 | 82.35 |
Expenses | 56.26 | 65.04 | 76.23 |
Operating Profit | 2.14 | 3.17 | 6.12 |
OPM % | 3.66% | 4.65% | 7.43% |
Profit before tax | 1.76 | 1.32 | 4.59 |
Net Profit | 1.51 | 0.97 | 3.32 |
EPS in Rs | 0.90 | 0.58 | 1.98 |
Balance sheet
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Equity Capital | 16.79 | 16.79 | 16.79 |
Reserves | 6.11 | 19.01 | 33.43 |
Borrowings | 14.02 | 14.45 | 13.57 |
Other Liabilities | 0.28 | 0.39 | 1.35 |
Total Liabilities | 37.20 | 50.64 | 65.14 |
Fixed Assets | 0.42 | 0.38 | 0.33 |
CWIP | 0.00 | 0.00 | 0.73 |
Investments | 0.99 | 12.91 | 24.02 |
Other Assets | 35.79 | 37.35 | 40.06 |
Total Assets | 37.20 | 50.64 | 65.14 |
Cash Flow
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Cash from Operating Activity | 4.81 | 1.63 | 3.35 |
Cash from Investing Activity | -1.23 | -0.02 | -0.95 |
Cash from Financing Activity | -3.65 | -1.35 | -2.34 |
Net Cash Flow | -0.07 | 0.25 | 0.06 |
Key interpretation and insights
Strengths
The company has a sharp turn around profitability.
The promoters have high holding, which indicates the confidence in the business.
Weakness
There are high valuations, no dividend payout and no return ratio.
Risk factor
There is a high volatility due to small caps and high competition.
Future outcomes
The company is focusing on expansion, by increasing the capital and improving efficiency.
Conclusion
The company has a high growth small cap entity, with a subtle price momentum. By reducing the debtors the company improved its operational efficiency. The company's focus on customer-centric design and diversified product offerings suggests a positive outlook, though investors should monitor trading volumes for sustainability.
Sources
Indian Infoline
Market mono
Screener
Zauba corp
Golkart jewels