Zodiac JRD MKJ Ltd.
1. Introduction
Zodiac JRD MKJ Ltd works in India making and selling diamonds, jewellery, and precious stones. Operating in Mumbai, it focuses on gemstones and adornments. Its main field is in the jewels market.
Industry Overview
Most of the world's gem work happens in India. Cutting and shaping diamonds takes place here,generating both jobs and foreign trade.Pressure comes fast because markets foreign shift frequently.Gold rates jump,diamond costs change fast.
Purpose of the Analysis
This report takes a close look at how the company runs day to day, who leads it,what work, where it struggles, what might come next all to get a clearer picture of how things are going.Each section has the goal of clarity through honest assessment.
2. Company Overview
Background and History
In 1987 Zodiac JRD MKJ Ltd came into being.It handled leases and money related work. Then during the early nineties, new leaders took charge.The shift operation turned toward diamonds and jewelry.
Business Model
Income comes from finding diamonds and gemstones, then shaping each with cuts and a smooth finish before heading to buyers at home and foreign. Jewellery rare stones move through trade.
Key Products and Services
The company deals with cut and polished diamonds,jewellery made with gold, studded with diamonds,precious and semi precious stones,jewellery trading and exports.
Market Position
Zodiac Jrd mkj Ltd,when seen next to the giant in India jewellery scene. Though its operations aren’t large it still steps into foreign diamond exchanges.
3. Promoter or Founder Intro
Name of Promoters or Founders
Parag Parekh with Manish Parekh has launched the business.Control shifted hands when the Jhaveri of the JRD Group stepped in.
Parag Parekh
Professional Background
The founders knew their way around numbers and deals. Stepping into gems felt like a natural shift. One thing led to another when they began applying old skills to new materials. With time came deep ties to jewelers and suppliers.
Part of How Companies Grow
Fresh energy came from the organizer who shifted the firm and approached its work,diamond markets while shaping choice about growth. Their influence showed in where efforts landed.
4.Financial Statement Analysis
1. Income Statement Analysis
Particulars | FY2023 | FY2024 | FY2025 | Analysis |
Revenue (₹ Cr) | 15.10 | 10.89 | 22.99 | Revenue declined |
Net Profit/Loss (₹ Cr) | 0.98 | -1.37 | 0.43 | Company reported loss returned to profit in FY2025. |
Growth Trend | Stable | Decline | Strong Growth | improvement in the latest year. |
2. Balance Sheet Analysis
Component | FY2023 | FY2024 | FY2025 | Analysis |
Total Assets | Moderate | Slight decrease | Increased | Asset base improved with increased business activity. |
Total Liabilities | Controlled | Slight increase | Stable | Liabilities are managed without excessive borrowing. |
Shareholder Equity | Stable | Slight decline | Improved | Profit recovery in 2025 supported equity growth. |
3.Cash Flow Analysis
Cash Flow Type | FY2023 | FY2024 | FY2025 | Analysis |
Operating Cash Flow | 0.63 | -8.16 | 0.01 | Cash from operation turned negative |
Investing Cash Flow | 0.98 | 2.61 | -0.35 | 2025 show investment outflow likely for asset or investment. |
Financing Cash Flow | 0.00 | 0.31 | -0.35 | Limited financing activities indicating low reliance on external funding. |
Net Cash Flow | 1.61 | -5.24 | -0.70 | Overall cash position declined in 2024 and remained slightly negative in 2025. |
4. Key Financial Ratio
Ratio | FY2023 | FY2024 | FY2025 | Interpretation |
EPS (₹) | 1.90 | -2.64 | 0.83 | Earning dropped to loss in 2024 but recovered slightly in 2025. |
Book Value per Share (₹) | 133.02 | 130.38 | 131.21 | Book value remained relatively stable over the three year. |
ROCE | 1.13% | -4.62% | 1.41% | Negative return in 2024 due to losses, but improvement seen in 2025. |
Debtor Day | 413.10 | 405.89 | 296.89 | Collection period improved in 2025 indicating better receivable management. |
Inventory Day | 1160.59 | 1544.13 | 762.31 | Inventory holding reduced significantly in 2025 showing improved efficiency. |
Cash Conversion Cycle (Day) | 1559.83 | 1948.71 | 1059.20 | Overall working capital cycle improved in 2025. |
5. Year-on-Year Comparison
Indicator | FY2023 | FY2024 | FY2025 |
Revenue | 15.10 | 10.89 | 22.99 |
Net Profit | 0.98 | -1.37 | 0.43 |
EPS | 1.90 | -2.64 | 0.83 |
5. key insights and interpretation
Strength
Presence in the foreign gem and jewellery.
Diversified products including diamonds and jewellery.
Long operational in the market.
Weaknesses
Small company size and limited resources.
Low profitability and returns in recent years.
Risk Factor
Dependent on global demand for diamonds and jewellery
Strong competition from jewellery companies
Market instability affecting stocks
Future Outlook
A rise in jewellery demand at home and foreign could work in favour of firms boosting output while entering into new markets. Despite slower growth reaching more customers might gain profits.With Indian buyers showing stronger interest, companies tuning their processes have a chance to gain.Even small upgrades in performance can make a difference.
6. Conclusion
Financial Condition
Zodiac JRD MKJ Ltd stays small despite years of activity. Through various products and some records, growth hasn’t moved forward. Results on the money side have held nothing attractive,just consistent.
Investment Or Performance View
The business could grow, yet it's unstable because of small market presence along with uneven earnings. Despite possible gains, its reach makes outcomes less predictable over time.
7.DATA SOURCE
https://www.screener.in/company/512587/
https://zodiacjrdmkjltd.co.in/