---
title: "Shantivijay Jewels Ltd (530989) — Share Price, Financials & Analysis"
symbol: "530989"
company: "Shantivijay Jewels Ltd"
canonical: "https://tapetide.com/stocks/530989"
isin: "INE656D01015"
bse_code: "530989"
generated_at: "2026-10-13T11:01:34.172Z"
---

# Shantivijay Jewels Ltd (530989)

Canonical page: https://tapetide.com/stocks/530989

## Company

- **BSE Code:** 530989
- **ISIN:** INE656D01015
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shantivijay.com

## About

Shantivijay Jewels is engaged in Manufacturing, Local and exports of wide range of studded gold jewellery and Diamond and P.stones.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.37 times its book value

### Weaknesses

- The company has delivered a poor sales growth of 3.35% over past five years.
- Company has a low return on equity of 0.34% over last 3 years.
- Earnings include an other income of Rs.0.96 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | — | 54% | -5% |
| revenue growth | 11% | 11% | 3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 13.38 | 30.14 | 21.92 | 27.72 | 21.48 | 25.32 | 26.94 |
| Expenses | 13.54 | 29.2 | 21.07 | 26.69 | 21.26 | 25.04 | 26.35 |
| Operating Profit | -0.16 | 0.94 | 0.85 | 1.03 | 0.22 | 0.28 | 0.59 |
| OPM % | -1.2 | 3.12 | 3.88 | 3.72 | 1.02 | 1.11 | 2.19 |
| Other Income | 0.36 | 0.05 | 0.2 | 0.26 | 0.57 | 0.17 | 0.14 |
| Interest | 0.18 | 0.18 | 0.17 | 0.18 | 0.25 | 0.19 | 0.15 |
| Depreciation | 0.21 | 0.16 | 0.17 | 0.18 | 0.22 | 0.16 | 0.16 |
| Profit before tax | -0.19 | 0.65 | 0.71 | 0.93 | 0.32 | 0.1 | 0.42 |
| Tax % | 0 | 4.62 | 9.86 | 22.58 | 50 | -10 | 0 |
| Net Profit | -0.2 | 0.62 | 0.64 | 0.72 | 0.17 | 0.1 | 0.43 |
| EPS in Rs | -0.67 | 2.07 | 2.13 | 2.4 | 0.57 | 0.33 | 1.43 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 61 | 72 | 72 | 86 | 101 | 99 | 88 | 97 | 107 | 119 |
| Expenses | 60 | 69 | 68 | 84 | 98 | 98 | 86 | 97 | 107 | 117 |
| Operating Profit | 1 | 2 | 4 | 3 | 3 | 1 | 2 | -1 | 0 | 3 |
| OPM % | 1.3 | 3.4 | 5 | 3 | 3.1 | 0.6 | 1.9 | -0.7 | 0.2 | 2.1 |
| Other Income | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 2 | 3 | 3 | 3 | 0 | 0 | -1 | 0 | 2 |
| Tax % | 85 | 11 | 12 | 16 | 18 | 7 | 0 | 3 | 29 | 4 |
| Net Profit | 0 | 2 | 3 | 3 | 2 | 0 | 0 | -1 | 0 | 2 |
| EPS in Rs | 0.27 | 6.96 | 9.86 | 9.36 | 7.2 | -0.97 | 1.5 | -3.43 | -0.3 | 5.43 |
| Dividend Payout % | 0 | 0 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 28 | 30 | 34 | 38 | 42 | 43 | 44 | 43 | 43 | 46 |
| Borrowings | 13 | 15 | 18 | 17 | 18 | 17 | 17 | 18 | 18 | 17 |
| Other Liabilities | 7 | 6 | 8 | 10 | 12 | 12 | 11 | 13 | 21 | 26 |
| Total Liabilities | 51 | 55 | 64 | 68 | 75 | 75 | 75 | 77 | 84 | 92 |
| Fixed Assets | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Other Assets | 47 | 50 | 59 | 64 | 71 | 71 | 71 | 74 | 79 | 87 |
| Total Assets | 51 | 55 | 64 | 68 | 75 | 75 | 75 | 77 | 84 | 92 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2 | -9 | -2 | 1 | 0 | 1 | 1 | -1 | 3 | 0 |
| Cash from Investing Activity | -1 | 5 | 0 | 0 | -1 | 0 | 0 | 0 | -1 | -1 |
| Cash from Financing Activity | 1 | 2 | 3 | -1 | 0 | -1 | 0 | 1 | -1 | 0 |
| Net Cash Flow | -2 | -2 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | -1 |
| Free Cash Flow | -3 | -11 | -3 | 1 | -1 | 1 | 0 | -1 | 2 | -1 |
| CFO/OP | -277 | -412 | -38 | 67 | 12 | 197 | 54 | 45 | 1120 | 0 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 113 | 90 | 96 | 74 | 76 | 73 | 80 | 76 | 102 | 92 |
| Inventory Days | 151 | 152 | 191 | 179 | 164 | 169 | 192 | 173 | 136 | 157 |
| Days Payable | 44 | 32 | 38 | 43 | 46 | 44 | 48 | 53 | 77 | 89 |
| Cash Conversion Cycle | 220 | 211 | 249 | 210 | 193 | 199 | 224 | 196 | 161 | 160 |
| Working Capital Days | 236 | 199 | 227 | 199 | 183 | 186 | 213 | 191 | 164 | 159 |
| ROCE % | 3 | 6 | 9 | 7 | 6 | 1 | 2 | 0 | 2 | 5 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.96 | Sell |
| EMA (10) | 0.97 | Sell |
| SMA (20) | 0.98 | Sell |
| EMA (20) | 1.01 | Sell |
| SMA (50) | 1.15 | Sell |
| EMA (50) | 1.1 | Sell |
| SMA (100) | 1.24 | Sell |
| EMA (100) | 1.29 | Sell |
| SMA (200) | 1.75 | Sell |
| EMA (200) | 1.54 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.76 | Neutral |
| MACD (12,26,9) | -0.06 | Buy |
| Stochastic (14,3,3) | 67.99 | Neutral |
| ADX (14) | 30.12 | Buy |
| Williams %R (14) | -41.67 | Neutral |
| ATR (14) | 0.07 | High Volatility |
| ROC (12) | 3.26 | Buy |
| Stoch RSI (14) | 78.3 | Neutral |
| UO (7,14,28) | 41.24 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2016-02-23 | [Stay of winding up proceedings](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/2/336B3B4C_EDEA_48D3_9784_A5AB94370DB7_165653.pdf) |
| 2016-02-18 | [Winding up - Appointment of Provisional Liquidator](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/2/D8570849_0E89_4780_8BED_81DCD760263F_141833.pdf) |
| 2015-08-19 | [Shareholding Pattern For June 30, 2015](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2015/8/1D0117CB_3535_4809_A4EA_E3BE8FB59DFD_092748.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2014 | [Annual Report 2014](http://www.bseindia.com/bseplus/AnnualReport/530989/5309890314.pdf) |
| Sep 2013 | [Financial Year 2013](https://www.bseindia.com/bseplus/AnnualReport/532347/5323470913.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/530989/5309890313.pdf) |
| 2013 | [Financial Year 2013](https://archives.nseindia.com/annual_reports/AR_3151_HELIOSMATH_2012_2013_20012014170206.zip) |
| Sep 2012 | [Financial Year 2012](https://www.bseindia.com/bseplus/AnnualReport/532347/5323470912.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/530989/5309890312.pdf) |
| 2012 | [Financial Year 2012](https://archives.nseindia.com/annual_reports/AR_1283_HELIOSMATH_2011_2012_29082013162400.zip) |
| Sep 2011 | [Financial Year 2011](https://www.bseindia.com/bseplus/AnnualReport/532347/5323470911.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/530989/5309890311.pdf) |
| Sep 2010 | [Financial Year 2010](https://www.bseindia.com/bseplus/AnnualReport/532347/5323470910.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-17 | Credit rating update — CRISIL |
| 2025-04-04 | Credit rating update — CRISIL |
| 2024-10-21 | Credit rating update — CRISIL |
| 2024-02-26 | Credit rating update — CRISIL |
| 2023-07-28 | Credit rating update — CRISIL |
| 2022-12-12 | Credit rating update — CRISIL |
| 2022-04-29 | Credit rating update — CRISIL |
| 2022-04-21 | Credit rating update — CRISIL |
| 2021-10-13 | Credit rating update — CRISIL |
| 2021-02-26 | Credit rating update — CRISIL |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:34.172Z.