One of the penny stocks under 10 engaged in the manufacturing and wholesale distribution of various gold jewelry products. The stock is in focus after receiving order of Rs. 40 crore from Titan Company, Malabar Gold, Senco Gold, and more.
Stock Price Movement
In Friday’s trading session, Ashapuri Gold Ornament Limited’s shares were plunged by 2.89 percent from the previous close of Rs. 8.66. The stock opened at Rs. 8.60 and closed at Rs. 8.41, with a high of Rs. 8.65 and a low of Rs. 8.10. The market capitalization now stands at approximately Rs. 280.32 crore.
What Happened
Ashapuri Gold Ornament Limited has received an order for the supply of gold jewelry from prominent domestic entities including Malabar Gold Ltd., Titan Company Ltd., Senco Gold Ltd., and C Krishniah Chetty & Sons, among others. The total value of the order is approximately Rs. 48 crore, with execution planned for FY 2024-25.
Products and Services Offering
Ashapuri Gold offers a diverse range of gold, antique, and imitation jewelry, along with silver gemstone pendants. Services include customization, wholesale trading across India and abroad, and job work manufacturing to expand design offerings.
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Recent quarter results and ratios
Ashapuri Gold Ornament Limited’s revenue has increased from Rs. 44.44 crore in Q2 FY24 to Rs. 86.89 crore in Q2 FY25, which has grown by 95.07 percent. The net profit of Ashapuri Gold Ornament Limited has also grown by 91.67 percent from Rs. 1.80 crore in Q2 FY24 to Rs. 3.45 crore in Q2 FY25.
Ashapuri Gold Ornament Limited’s revenue has grown at a CAGR of 13.50 percent over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 10.3 percent and 7.62 percent, respectively. The debt-to-equity ratio of the company is to be 0.06x, which shows the company is almost debt-free. Ashapuri Gold Ornament Limited’s EPS is to be Rs. 0.34.
Shareholding pattern
In December 2024, Ashapuri Gold Ornament Limited had a majority stake held by the promoters at 48.06 percent and the public at 51.94 percent.
Company Overview
Ashapuri Gold Ornament Limited was incorporated in 2008 and is based in Ahmedabad, India. The company specializes in manufacturing and trading gold ornaments. The company focuses on certified hallmark jewelry and operates a showroom on C.G. Road, offering various designs.
Written By – Nikhil Naik
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