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Ankit Gems
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Registered Details

ANKIT GEMS PRIVATE LIMITED

Active

Updated: 24 Oct 2024

The company is engaged in cutting and polishing of diamonds.

Ankit Gems Private Limited, is an unlisted private company incorporated on 27 April, 2011. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 40.05 cr and the total paid-up capital is INR 37.57 cr.

Industry

Manufacturing (Others)

Products

Pear, emerald, oval, and trillion shapes., marquise, heart, square, long radiant

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

-18.09%

₹ 2,028.7

EBITDA

-74.68%

₹ 30.3

Net Profit

-86.94%

₹ 9.8

Networth

1.62%

₹ 617.6

Borrowings

-61.87%

₹ 129.6

Assets

-12.23%

₹ 1,264.4

Gross Margin

-2.49

8.7 %

Operating Margin

-3.34

1.5 %

Net Profit Margin

-2.54

0.5 %

Return on Equity

-10.75

1.6 %

ROCE

-15.69

3.7 %

Debt to Equity

-0.35

0.2

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (5)

State	Type	Address

Locations on Map

Tofler Score

Fair

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW INTEREST COVERAGE
LOW ROCE
LOW CASH BALANCE
REVENUE BELOW AVERAGE

Low Risk

HIGH INVENTORY
GROSS MARGINS DETERIORATING
NET MARGIN DETERIORATING
REVENUE DECLINE

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,596.0	1,902.1	2,512.4	2,476.8	2,028.7
Operating profit	56.9	61.5	113.5	119.7	30.3
Net profit	24.6	58.2	75.4	74.9	9.8
Gross margin	12.9	10.2	11.2	11.2	8.7
Operating margin	3.6	3.2	4.5	4.8	1.5
Net margin	1.5	3.0	3.0	3.0	0.5
Networth	395.7	457.6	532.9	607.8	617.6
Borrowings	232.1	334.0	334.9	339.9	129.6
Assets	1,069.9	1,262.8	1,335.6	1,440.5	1,264.4
Debt to equity	0.6	0.7	0.6	0.6	0.2
Current ratio	2.1	1.4	1.5	1.6	1.8
ROE	6.2	12.7	14.2	12.3	1.6
Days payable	107.0	97.0	75.0	81.0	97.0
WC days	110.0	61.0	60.0	72.0	90.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	37.4	37.4	37.6	37.6	37.6
Reserves	358.3	420.2	495.3	570.2	580.0
Borrowings +	232.1	334.0	334.9	339.9	129.6
Long term borrowings	232.1	-	-	-	-
Short term borrowings	-	334.0	334.9	339.9	129.6
Trade payables +	407.4	452.4	460.3	487.0	494.1
Days payable	107.0	97.0	75.0	81.0	97.0
Other liabilities +	442.1	471.3	467.8	492.8	517.1
Other non-current liabilities	1.3	3.6	3.3	3.8	3.0
Other current liabilities	33.5	15.3	4.2	2.0	20.1
Total liabilities	1,069.9	1,262.8	1,335.6	1,440.5	1,264.4
Fixed Assets +	101.9	98.5	93.8	92.7	92.2
Tangible assets	101.4	97.7	93.4	92.3	91.7
CWIP	-	-	-	-	-
Intangible assets	0.6	0.7	0.4	0.4	0.5
LT loans and advances	1.2	1.2	-	-	-
Other non-current assets	43.0	43.1	31.2	32.9	27.8
Current assets +	923.7	1,120.1	1,210.6	1,314.9	1,144.4
Inventories	754.4	797.5	942.0	1,052.1	922.1
Trade receivables	137.3	270.1	206.8	200.9	158.9
Cash and cash equivalents	7.4	7.7	12.0	10.7	11.6
ST loans and advances	8.4	0.3	0.4	1.2	0.9
Other current assets	16.2	44.5	49.3	50.1	50.8
Total assets	1,069.9	1,262.8	1,335.6	1,440.5	1,264.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	3.49	2.96	2.81	2.61	2.97
Reserves	33.49	33.28	37.09	39.58	45.88
Borrowings +	21.69	26.45	25.07	23.6	10.25
Long term borrowings	21.69	0.0	0.0	0.0	0.0
Short term borrowings	0.0	26.45	25.07	23.6	10.25
Trade payables	38.08	35.82	34.46	33.81	39.08
Other liabilities +	41.32	37.32	35.03	34.21	40.9
Other non-current liabilities	0.12	0.29	0.25	0.26	0.24
Other current liabilities	3.13	1.21	0.32	0.14	1.59
Total liabilities
Fixed Assets +	9.53	7.8	7.02	6.43	7.29
Tangible assets	9.47	7.74	6.99	6.41	7.25
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.05	0.06	0.03	0.03	0.04
LT loans and advances	0.11	0.09	0.0	0.0	0.0
Other non-current assets	4.02	3.41	2.34	2.29	2.2
Current assets +	86.34	88.7	90.64	91.28	90.51
Inventories	70.52	63.15	70.53	73.04	72.93
Trade receivables	12.83	21.39	15.49	13.94	12.57
Cash and cash equivalents	0.69	0.61	0.9	0.74	0.92
ST loans and advances	0.79	0.03	0.03	0.08	0.07
Other current assets	1.52	3.52	3.69	3.48	4.02
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	37.4	37.4	37.6	37.6	37.6
Reserves	665.6	817.3	993.5	1,347.6	1,331.7
Borrowings +	381.8	473.2	437.8	758.6	655.5
Long term borrowings	42.9	41.3	23.8	219.1	344.7
Short term borrowings	338.9	431.8	414.0	539.6	310.8
Trade payables +	299.3	653.5	693.9	318.5	139.0
Days payable	54.0	81.0	67.0	33.0	18.0
Other liabilities +	379.6	716.2	748.2	380.3	190.6
Other non-current liabilities	1.4	3.7	3.5	3.9	3.4
Other current liabilities	78.8	59.0	50.8	57.9	48.2
Total liabilities	1,464.3	2,044.1	2,217.1	2,524.1	2,215.3
Fixed Assets +	115.7	137.1	140.0	188.5	193.6
Tangible assets	112.8	134.0	137.3	159.1	164.1
CWIP	-	-	-	-	-
Intangible assets	2.9	3.1	2.7	29.4	29.5
LT loans and advances	1.2	1.2	-	-	-
Other non-current assets	34.3	25.5	14.8	21.7	20.7
Current assets +	1,313.1	1,880.2	2,062.3	2,313.8	2,001.0
Inventories	1,035.5	1,182.3	1,418.9	1,710.7	1,483.6
Trade receivables	223.7	597.5	470.3	326.3	285.3
Cash and cash equivalents	20.7	38.7	91.0	202.7	149.4
ST loans and advances	13.4	3.3	3.1	10.9	23.3
Other current assets	19.8	58.5	79.0	63.3	59.4
Total assets	1,464.3	2,044.1	2,217.1	2,524.1	2,215.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.55	1.83	1.69	1.49	1.7
Reserves	45.46	39.99	44.81	53.39	60.11
Borrowings +	26.07	23.15	19.75	30.06	29.59
Long term borrowings	2.93	2.02	1.07	8.68	15.56
Short term borrowings	23.14	21.13	18.67	21.38	14.03
Trade payables	20.44	31.97	31.3	12.62	6.27
Other liabilities +	25.92	35.04	33.75	15.07	8.6
Other non-current liabilities	0.1	0.18	0.16	0.15	0.15
Other current liabilities	5.38	2.89	2.29	2.3	2.17
Total liabilities
Fixed Assets +	7.9	6.71	6.31	7.47	8.74
Tangible assets	7.71	6.56	6.19	6.3	7.41
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.2	0.15	0.12	1.16	1.33
LT loans and advances	0.08	0.06	0.0	0.0	0.0
Other non-current assets	2.34	1.25	0.67	0.86	0.94
Current assets +	89.67	91.99	93.02	91.67	90.33
Inventories	70.71	57.84	64.0	67.78	66.97
Trade receivables	15.28	29.23	21.21	12.93	12.88
Cash and cash equivalents	1.41	1.89	4.1	8.03	6.74
ST loans and advances	0.91	0.16	0.14	0.43	1.05
Other current assets	1.35	2.86	3.56	2.51	2.68
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,596.0	1,902.1	2,512.4	2,476.8	2,028.7
Sales growth %	-24.92	19.18	32.09	-1.42	-18.09
Expenses +	1,569.2	1,859.9	2,419.6	2,384.1	2,023.6
Cost of goods	1,389.8	1,707.5	2,231.5	2,199.7	1,852.2
Employee cost	8.5	8.8	9.7	10.1	10.5
Other costs	140.8	124.3	157.8	147.3	135.7
Operating profit +	56.9	61.5	113.5	119.7	30.3
Operating margin %	3.6	3.2	4.5	4.8	1.5
Other income	5.0	35.3	8.7	7.5	8.6
Interest	18.2	8.0	11.9	19.4	16.7
Depreciation	11.9	11.3	8.8	7.5	8.4
Exceptional items	-	-	-	-	-
Profit before tax	31.7	77.5	101.5	100.2	13.7
Tax	7.1	19.3	26.1	25.3	4.0
Profit - disc. ops	-	-	-	-	-
Net profit	24.6	58.2	75.4	74.9	9.8
Net margin %	1.5	3.0	3.0	3.0	0.5

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.69	98.18	99.65	99.7	99.58
Expenses +	98.02	96.0	95.97	95.97	99.33
Cost of goods	86.81	88.14	88.51	88.54	90.91
Employee cost	0.53	0.45	0.38	0.41	0.52
Other costs	8.8	6.42	6.26	5.93	6.66
Operating profit	3.55	3.17	4.5	4.82	1.49
Other income	0.31	1.82	0.35	0.3	0.42
Interest	1.14	0.41	0.47	0.78	0.82
Depreciation	0.74	0.58	0.35	0.3	0.41
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	1.98	4.0	4.03	4.03	0.67
Tax	0.45	1.0	1.04	1.02	0.19
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.54	3.0	2.99	3.02	0.48

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,369.8	3,235.0	4,215.3	4,050.3	3,061.5
Sales growth %	-25.87	36.51	30.3	-3.91	-24.41
Expenses +	2,263.3	3,136.9	4,027.2	3,804.6	3,072.5
Cost of goods	2,016.5	2,941.7	3,785.1	3,547.4	2,797.8
Employee cost	20.6	18.4	21.1	22.6	30.9
Other costs	192.3	152.4	195.0	199.9	206.3
Operating profit +	140.4	122.5	213.9	280.3	26.5
Operating margin %	5.9	3.8	5.1	6.9	0.9
Other income	25.7	80.1	10.3	40.9	22.5
Interest	20.6	10.0	13.8	22.8	23.7
Depreciation	13.4	14.4	12.2	11.9	13.8
Exceptional items	-	-	-	-	-
Profit before tax	132.2	178.2	198.3	286.6	11.5
Tax	9.0	29.1	32.3	28.6	5.2
Profit - disc. ops	-	-	-	-	-
Net profit	123.2	149.1	166.0	258.0	6.3
Net margin %	5.1	4.5	3.9	6.3	0.2

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.93	97.58	99.76	99.0	99.27
Expenses +	94.48	94.62	95.31	93.0	99.63
Cost of goods	84.18	88.74	89.58	86.71	90.72
Employee cost	0.86	0.56	0.5	0.55	1.0
Other costs	8.03	4.6	4.62	4.89	6.69
Operating profit	5.86	3.69	5.06	6.85	0.86
Other income	1.07	2.42	0.24	1.0	0.73
Interest	0.86	0.3	0.33	0.56	0.77
Depreciation	0.56	0.44	0.29	0.29	0.45
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	5.52	5.38	4.69	7.0	0.37
Tax	0.38	0.88	0.76	0.7	0.17
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	5.14	4.5	3.93	6.31	0.2

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.6	0.7	0.6	0.6	0.2
Net Debt/Equity	0.6	0.7	0.6	0.5	0.2
Total Debt/Assets	0.2	0.3	0.2	0.2	0.1
Total Assets/Equity	2.7	2.8	2.5	2.4	2.0
Liquidity +
Current Ratio	2.1	1.4	1.5	1.6	1.8
Quick Ratio	0.4	0.4	0.3	0.3	0.3
Interest Coverage	3.1	7.7	9.5	6.2	1.8
Performance
Gross Margin	12.9	10.2	11.2	11.2	8.7
Operating Margin	3.6	3.2	4.5	4.8	1.5
Net Margin	1.5	3.0	3.0	3.0	0.5
Return +
Return on Equity	6.2	12.7	14.2	12.3	1.6
Pre-tax ROCE	7.7	12.0	20.8	19.4	3.7
Return on Assets	2.3	4.6	5.7	5.2	0.8
Pre-tax ROIC	7.2	6.4	12.2	12.0	3.0
Efficiency +
Days Payable	107.0	97.0	75.0	81.0	97.0
Days Inventory	198.0	170.0	154.0	175.0	182.0
Days Receivable	31.0	52.0	30.0	30.0	29.0
Fixed Asset Turnover	15.7	19.3	26.8	26.7	22.0
Total Asset Turnover	1.5	1.5	1.9	1.7	1.6
Working Capital
Cash Conversion Cycle	122.0	125.0	109.0	124.0	114.0
Working Capital Days	110.0	61.0	60.0	72.0	90.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.5	0.6	0.4	0.6	0.5
Net Debt/Equity	0.5	0.5	0.3	0.4	0.4
Total Debt/Assets	0.3	0.2	0.2	0.3	0.3
Total Assets/Equity	2.1	2.4	2.1	1.8	1.6
Liquidity +
Current Ratio	1.8	1.6	1.8	2.5	4.0
Quick Ratio	0.4	0.6	0.6	0.7	1.0
Interest Coverage	6.8	12.3	15.6	12.3	1.1
Performance
Gross Margin	14.9	9.1	10.2	12.4	8.6
Operating Margin	5.9	3.8	5.1	6.9	0.9
Net Margin	5.1	4.5	3.9	6.3	0.2
Return +
Return on Equity	17.5	17.4	16.1	18.6	0.5
Pre-tax ROCE	17.9	12.4	19.3	16.9	0.8
Return on Assets	8.4	7.3	7.5	10.2	0.3
Pre-tax ROIC	11.9	8.4	14.6	13.8	0.7
Efficiency +
Days Payable	54.0	81.0	67.0	33.0	18.0
Days Inventory	187.0	147.0	137.0	176.0	194.0
Days Receivable	34.0	67.0	41.0	29.0	34.0
Fixed Asset Turnover	20.5	23.6	30.1	21.5	15.8
Total Asset Turnover	1.6	1.6	1.9	1.6	1.4
Working Capital
Cash Conversion Cycle	167.0	133.0	111.0	172.0	210.0
Working Capital Days	92.0	83.0	78.0	126.0	179.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 410.0 cr

Yes Bank Limited

No. of Loans: 1

Total Amount : 45.0 cr

State Bank of India

No. of Loans: 1

Total Amount : 12.0 cr

Charge Holder	Amount	Date of creation/modification
Yes Bank Limited	45.0 cr	19 Sep, 2022
State Bank of India	12.0 cr	25 Mar, 2022
IndusInd Bank Limited	410.0 cr	25 Sep, 2020

Charges

IndusInd Bank Limited

Yes Bank Limited

State Bank of India

People

Designation	Name	DIN/PAN	Tenure
Director	Parva Vasantlal Shah Shareholder	00774167	14 years
Director	Pravin Pannalal Shah Shareholder	00798301	14 years
Director	Vasantlal Chandulal Shah Shareholder	00798334	14 years
Director	Dilipbhai Amrutlal Soni Shareholder	00798359	14 years
Director	Ankit Arun Shah Shareholder	01872781	14 years
Director	Arunbhai Chimanlal Shah Shareholder	01979698	14 years
Director	Jenish Dilipkumar Shah Shareholder	03547958	14 years
Director	Shreyans Arvindkumar Shah Shareholder	03548010	14 years
Kmp	Isha Bhargav Petiwala	<HIDDEN>	4 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SHASHWAT STONE PRIVATE LIMITED	Active	2.0 L	4	Gujarat
ANKIT HOLDINGS PRIVATE LIMITED	Active	50.0 L	1	Maharashtra
ANKIT FINSOL LLP	Active	1.0 L	2	Maharashtra
THE GEM & JEWELLERY SKILL COUNCIL OF INDIA	Active	2.8 Cr	1	Maharashtra
GUJARAT HIRA BOURSE	Active	0.0	1	Gujarat
AREION FINSERVE PRIVATE LIMITED	Active	6.0 Cr	1	Delhi
HD JEWELLERY MARVELS PRIVATE LIMITED	Active	1.0 L	1	Gujarat
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED	Active	93.8 Cr	1	Tamil Nadu
RUSHANKIT DEVELOPERS PRIVATE LIMITED	Active	1.9 L	1	Maharashtra
BHARAT DIAMOND BOURSE	Active	159.2 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
N A M I B I A INVESTMENTS (PTY) LTD	Namibia	-	-
ARMAAN DIAM DMCC	United Arab Emirates	-	-
ANKIT GEMS HONG KONG LTD	Hong Kong	-	-
ANKIT GEMS NAMIBIA (PTY) LTD	Namibia	-	-
Sapphire Exports Pty. Ltd	Australia	-	-
Aayna Diam BV	Belgium	-	-
Ankit Gems Botswana Pty Ltd.	Botswana	-	-
A C Diam BVBA	Belgium	-	-
Ankit Gems INC	United States	-	-
NAMIBIA INVESTMENTS (PTY) LTD	Namibia	-	-
ARMAAN DIAM DMCC	United Arab Emirates	-	-
ANKIT GEMS HONG KONG (PTY) LTD	Hong Kong	-	-
ANKIT GEMS NAMIBIA (PTY) LTD	Namibia	-	-
Sapphire Exports Pty. Ltd	Australia	-	-
Ankit Gems Botswana Pty. Ltd.	Botswana	-	-
AC Diam BV	Belgium	-	-

Registered Details

CIN

U36912MH2011PTC216778

PAN

AAJCA4305Q

Incorporation

2011, 14.0 years

Company Email

tax@ankitgems.com

Paid up Capital

₹ 37.6 Cr

Authorised Capital

₹ 40.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - ANKIT GEMS PRIVATE LIMITED

What is the incorporation date of ANKIT GEMS PRIVATE LIMITED?

The incorporation date of ANKIT GEMS PRIVATE LIMITED is 27 April, 2011

What is the authorized share capital of ANKIT GEMS PRIVATE LIMITED?

The authorized share capital of ANKIT GEMS PRIVATE LIMITED is INR ₹ 40.0 Cr.

What is the paid-up capital of ANKIT GEMS PRIVATE LIMITED?

The paid-up capital of ANKIT GEMS PRIVATE LIMITED is INR ₹ 37.6 Cr.

What is the registered address of ANKIT GEMS PRIVATE LIMITED?

The registered address of ANKIT GEMS PRIVATE LIMITED is EE 6011, E tower, Bharat Diamond Bourse, G Block, BKC, Bandra (East) Mumbai Mumbai City Maharashtra - 400051

What is the CIN number of ANKIT GEMS PRIVATE LIMITED?

The CIN number of ANKIT GEMS PRIVATE LIMITED is U36912MH2011PTC216778.

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ANKIT GEMS PRIVATE LIMITED

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