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Kiran Gems
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Registered Details

KIRAN GEMS PRIVATE LIMITED

Active

Updated: 20 Oct 2024

Kiran Gems Private Limited, is an unlisted private company incorporated on 14 September, 2007. It is classified as a private limited company and is located in Mumbai, Maharashtra. It's authorized share capital is INR 71.00 cr and the total paid-up capital is INR 20.98 cr.

Kiran Gems's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2021. It's EBITDA has increased by 101.78% over the previous year. At the same time, it's book networth has increased by 16.11%.

Industry

Manufacturing (Others)

Products

diamonds and precious stones

Key Metrics

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

Sales

-24.09%

₹ 12,687.9

EBITDA

-69.31%

₹ 422.4

Net Profit

-75.76%

₹ 209.8

Networth

3.83%

₹ 5,686.8

Borrowings

-22.9%

₹ 1,550.9

Assets

-8.85%

₹ 9,402.9

Gross Margin

-3.67

16.5 %

Operating Margin

-4.9

3.3 %

Net Profit Margin

-3.53

1.6 %

Return on Equity

-12.11

3.7 %

ROCE

-17.83

6.0 %

Debt to Equity

-0.1

0.3

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (23)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW ROCE
LOW CASH BALANCE

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 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Sales	9,701.1	7,763.0	9,697.6	16,715.3	12,687.9
Operating profit	584.6	282.7	570.5	1,376.2	422.4
Net profit	218.4	236.3	756.6	865.4	209.8
Gross margin	19.8	19.2	16.5	20.2	16.5
Operating margin	6.0	3.6	5.9	8.2	3.3
Net margin	2.2	3.0	7.4	5.2	1.6
Networth	2,888.2	2,988.5	3,470.0	5,476.9	5,686.8
Borrowings	1,425.3	1,305.8	2,064.5	2,011.6	1,550.9
Assets	6,225.2	6,259.4	7,055.5	10,316.3	9,402.9
Debt to equity	0.5	0.4	0.6	0.4	0.3
Current ratio	1.8	1.7	1.8	2.0	2.4
ROE	7.6	7.9	21.8	15.8	3.7
Days payable	87.0	97.0	59.0	74.0	59.0
WC days	90.0	107.0	106.0	105.0	147.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Equity Capital	21.0	21.0	21.0	21.0	21.0
Reserves	2,867.2	2,967.5	3,449.1	5,455.9	5,665.8
Borrowings +	1,425.3	1,305.8	2,064.5	2,011.6	1,550.9
Long term borrowings	178.4	-	16.3	-	-
Short term borrowings	1,247.0	1,305.8	2,048.2	2,011.6	1,550.9
Trade payables +	1,848.2	1,666.9	1,305.2	2,697.6	1,725.9
Days payable	87.0	97.0	59.0	74.0	59.0
Other liabilities +	1,911.7	1,965.1	1,521.0	2,827.8	2,165.2
Other non-current liabilities	6.1	8.5	2.7	15.2	20.9
Other current liabilities	57.4	289.7	213.1	115.0	418.3
Total liabilities	6,225.2	6,259.4	7,055.5	10,316.3	9,402.9
Fixed Assets +	410.9	561.5	558.0	533.4	502.5
Tangible assets	407.7	473.5	450.8	513.8	476.8
CWIP	0.6	86.4	106.1	19.1	25.4
Intangible assets	2.6	1.7	1.1	0.5	0.3
LT loans and advances	0.8	0.6	0.1	-	-
Other non-current assets	263.5	167.3	110.7	134.4	107.7
Current assets +	5,550.0	5,530.0	6,386.7	9,648.6	8,792.6
Inventories	2,583.0	2,886.7	2,370.9	5,608.3	5,430.3
Trade receivables	2,738.1	2,365.1	3,593.0	3,572.6	3,053.6
Cash and cash equivalents	38.0	43.8	88.6	134.5	108.4
ST loans and advances	3.7	2.8	17.3	13.2	12.8
Other current assets	187.1	231.7	317.0	320.0	187.5
Total assets	6,225.2	6,259.4	7,055.5	10,316.3	9,402.9

Percentage of assets	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Equity Capital	0.34	0.34	0.3	0.2	0.22
Reserves	46.06	47.41	48.88	52.89	60.26
Borrowings +	22.9	20.86	29.26	19.5	16.49
Long term borrowings	2.87	0.0	0.23	0.0	0.0
Short term borrowings	20.03	20.86	29.03	19.5	16.49
Trade payables	29.69	26.63	18.5	26.15	18.36
Other liabilities +	30.71	31.39	21.56	27.41	23.03
Other non-current liabilities	0.1	0.14	0.04	0.15	0.22
Other current liabilities	0.92	4.63	3.02	1.11	4.45
Total liabilities
Fixed Assets +	6.6	8.97	7.91	5.17	5.34
Tangible assets	6.55	7.56	6.39	4.98	5.07
CWIP	0.01	1.38	1.5	0.19	0.27
Intangible assets	0.04	0.03	0.02	0.0	0.0
LT loans and advances	0.01	0.01	0.0	0.0	0.0
Other non-current assets	4.23	2.67	1.57	1.3	1.15
Current assets +	89.15	88.35	90.52	93.53	93.51
Inventories	41.49	46.12	33.6	54.36	57.75
Trade receivables	43.98	37.78	50.92	34.63	32.47
Cash and cash equivalents	0.61	0.7	1.26	1.3	1.15
ST loans and advances	0.06	0.04	0.25	0.13	0.14
Other current assets	3.01	3.7	4.49	3.1	1.99
Total assets

	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Equity Capital	21.0	21.0	21.0	21.0	21.0
Reserves	3,305.6	3,262.8	3,731.7	6,117.8	6,406.0
Borrowings +	1,647.5	1,312.3	2,071.0	2,426.4	1,750.7
Long term borrowings	178.4	6.5	22.8	6.5	6.5
Short term borrowings	1,469.1	1,305.8	2,048.2	2,419.9	1,744.2
Trade payables +	2,274.5	1,903.9	1,944.6	2,592.5	1,962.7
Days payable	74.0	83.0	58.0	52.0	49.0
Other liabilities +	2,336.7	2,194.1	2,162.7	2,717.9	2,392.0
Other non-current liabilities	5.1	3.8	4.6	6.2	18.3
Other current liabilities	57.1	286.3	213.5	119.2	411.0
Total liabilities	7,310.8	6,790.2	7,986.3	11,283.1	10,569.7
Fixed Assets +	439.0	579.5	584.8	557.8	528.4
Tangible assets	435.6	491.5	477.6	538.2	502.6
CWIP	0.6	86.4	106.1	19.1	25.4
Intangible assets	2.7	1.7	1.1	0.5	0.4
LT loans and advances	-	-	-	-	-
Other non-current assets	114.4	160.2	104.1	117.0	84.3
Current assets +	6,757.4	6,050.4	7,297.4	10,608.2	9,957.0
Inventories	2,791.8	2,942.3	2,594.7	5,873.7	5,737.3
Trade receivables	3,699.6	2,824.9	4,160.6	4,199.9	3,768.2
Cash and cash equivalents	55.1	47.7	111.0	182.9	228.7
ST loans and advances	2.0	2.1	16.6	13.6	12.8
Other current assets	209.0	233.5	414.5	338.0	210.1
Total assets	7,310.8	6,790.2	7,986.3	11,283.1	10,569.7

Percentage of assets	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Equity Capital	0.29	0.31	0.26	0.19	0.2
Reserves	45.22	48.05	46.73	54.22	60.61
Borrowings +	22.54	19.33	25.93	21.5	16.56
Long term borrowings	2.44	0.1	0.29	0.06	0.06
Short term borrowings	20.1	19.23	25.65	21.45	16.5
Trade payables	31.11	28.04	24.35	22.98	18.57
Other liabilities +	31.96	32.31	27.08	24.09	22.63
Other non-current liabilities	0.07	0.06	0.06	0.06	0.17
Other current liabilities	0.78	4.22	2.67	1.06	3.89
Total liabilities
Fixed Assets +	6.0	8.53	7.32	4.94	5.0
Tangible assets	5.96	7.24	5.98	4.77	4.75
CWIP	0.01	1.27	1.33	0.17	0.24
Intangible assets	0.04	0.03	0.01	0.0	0.0
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	1.56	2.36	1.3	1.04	0.8
Current assets +	92.43	89.11	91.37	94.02	94.2
Inventories	38.19	43.33	32.49	52.06	54.28
Trade receivables	50.6	41.6	52.1	37.22	35.65
Cash and cash equivalents	0.75	0.7	1.39	1.62	2.16
ST loans and advances	0.03	0.03	0.21	0.12	0.12
Other current assets	2.86	3.44	5.19	3.0	1.99
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Sales +	9,701.1	7,763.0	9,697.6	16,715.3	12,687.9
Sales growth %	4.8	-19.98	24.92	72.37	-24.09
Expenses +	9,400.9	7,645.5	9,286.3	15,584.6	12,473.3
Cost of goods	7,778.2	6,272.9	8,098.5	13,337.8	10,588.9
Employee cost	79.6	60.4	62.9	93.9	88.9
Other costs	1,258.7	1,147.0	965.7	1,907.4	1,587.6
Operating profit +	584.6	282.7	570.5	1,376.2	422.4
Operating margin %	6.0	3.6	5.9	8.2	3.3
Other income	22.8	201.6	574.9	28.0	72.6
Interest	174.4	76.3	43.5	145.3	120.8
Depreciation	110.0	88.9	115.7	100.2	87.0
Exceptional items	-	-	-	-	-
Profit before tax	323.0	319.1	986.2	1,158.7	287.2
Tax	104.6	82.8	229.6	292.6	76.7
Profit - disc. ops	-	-	-	-0.7	-0.7
Net profit	218.4	236.3	756.6	865.4	209.8
Net margin %	2.2	3.0	7.4	5.2	1.6

Precentage of total income	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Sales	99.77	97.47	94.4	99.83	99.43
Expenses +	96.68	95.99	90.4	93.08	97.75
Cost of goods	79.99	78.76	78.84	79.66	82.98
Employee cost	0.82	0.76	0.61	0.56	0.7
Other costs	12.94	14.4	9.4	11.39	12.44
Operating profit	6.01	3.55	5.55	8.22	3.31
Other income	0.23	2.53	5.6	0.17	0.57
Interest	1.79	0.96	0.42	0.87	0.95
Depreciation	1.13	1.12	1.13	0.6	0.68
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	3.32	4.01	9.6	6.92	2.25
Tax	1.08	1.04	2.24	1.75	0.6
Profit - disc. ops	0.0	0.0	0.0	0.0	-0.01
Net profit	2.25	2.97	7.36	5.17	1.64

	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Sales +	13,424.5	10,039.8	14,100.4	22,218.5	16,891.3
Sales growth %	9.54	-25.21	40.45	57.57	-23.98
Expenses +	12,933.4	9,769.7	13,451.4	20,702.8	16,574.3
Cost of goods	11,184.9	8,384.7	12,228.6	18,360.9	14,585.6
Employee cost	105.0	69.9	67.6	106.0	106.6
Other costs	1,339.6	1,145.0	993.9	1,963.3	1,642.5
Operating profit +	795.0	440.1	810.4	1,788.3	556.6
Operating margin %	5.9	4.4	5.8	8.1	3.3
Other income	7.1	27.4	340.0	31.2	70.0
Interest	190.9	79.4	44.6	169.4	149.5
Depreciation	113.0	90.6	116.8	103.2	90.0
Exceptional items	-	-	-	-	-
Profit before tax	498.2	297.5	989.0	1,546.8	387.0
Tax	130.4	90.2	228.8	294.4	80.7
Profit - disc. ops	-	-	-	-0.8	-1.1
Net profit	367.9	207.3	760.2	1,251.6	305.2
Net margin %	2.7	2.1	5.3	5.6	1.8

Precentage of total income	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Sales	99.95	99.73	97.65	99.86	99.59
Expenses +	96.29	97.04	93.15	93.05	97.72
Cost of goods	83.27	83.29	84.68	82.52	85.99
Employee cost	0.78	0.69	0.47	0.48	0.63
Other costs	9.97	11.37	6.88	8.82	9.68
Operating profit	5.92	4.37	5.61	8.04	3.28
Other income	0.05	0.27	2.35	0.14	0.41
Interest	1.42	0.79	0.31	0.76	0.88
Depreciation	0.84	0.9	0.81	0.46	0.53
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	3.71	2.96	6.85	6.95	2.28
Tax	0.97	0.9	1.58	1.32	0.48
Profit - disc. ops	0.0	0.0	0.0	0.0	-0.01
Net profit	2.74	2.06	5.26	5.63	1.8

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.5	0.4	0.6	0.4	0.3
Net Debt/Equity	0.5	0.4	0.6	0.3	0.2
Total Debt/Assets	0.2	0.2	0.3	0.2	0.2
Total Assets/Equity	2.2	2.1	2.0	1.9	1.6
Liquidity +
Current Ratio	1.8	1.7	1.8	2.0	2.4
Quick Ratio	0.9	0.8	1.1	0.8	0.9
Interest Coverage	3.4	3.7	13.1	9.5	3.5
Performance
Gross Margin	19.8	19.2	16.5	20.2	16.5
Operating Margin	6.0	3.6	5.9	8.2	3.3
Net Margin	2.2	3.0	7.4	5.2	1.6
Return +
Return on Equity	7.6	7.9	21.8	15.8	3.7
Pre-tax ROCE	16.9	6.8	13.5	23.8	6.0
Return on Assets	3.5	3.8	10.7	8.4	2.2
Pre-tax ROIC	11.1	4.6	8.3	17.4	4.7
Efficiency +
Days Payable	87.0	97.0	59.0	74.0	59.0
Days Inventory	121.0	168.0	107.0	153.0	187.0
Days Receivable	103.0	111.0	135.0	78.0	88.0
Fixed Asset Turnover	23.6	13.8	17.4	31.3	25.2
Total Asset Turnover	1.6	1.2	1.4	1.6	1.4
Working Capital
Cash Conversion Cycle	137.0	182.0	183.0	157.0	216.0
Working Capital Days	90.0	107.0	106.0	105.0	147.0

	Mar 2019	Mar 2020	Mar 2021	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.5	0.4	0.6	0.4	0.3
Net Debt/Equity	0.5	0.4	0.5	0.4	0.2
Total Debt/Assets	0.2	0.2	0.3	0.2	0.2
Total Assets/Equity	2.2	2.1	2.1	1.8	1.6
Liquidity +
Current Ratio	1.8	1.7	1.7	2.1	2.4
Quick Ratio	1.0	0.9	1.1	0.9	1.0
Interest Coverage	4.2	5.5	18.1	10.6	3.7
Performance
Gross Margin	16.7	16.5	13.3	17.4	13.7
Operating Margin	5.9	4.4	5.8	8.1	3.3
Net Margin	2.7	2.1	5.3	5.6	1.8
Return +
Return on Equity	11.1	6.3	20.3	20.4	4.8
Pre-tax ROCE	20.1	11.2	18.9	27.9	7.3
Return on Assets	5.0	3.0	9.5	11.1	2.9
Pre-tax ROIC	13.9	7.7	12.1	20.1	5.9
Efficiency +
Days Payable	74.0	83.0	58.0	52.0	49.0
Days Inventory	91.0	128.0	77.0	117.0	144.0
Days Receivable	101.0	103.0	108.0	69.0	81.0
Fixed Asset Turnover	30.6	17.3	24.1	39.8	32.0
Total Asset Turnover	1.8	1.5	1.8	2.0	1.6
Working Capital
Cash Conversion Cycle	118.0	148.0	127.0	134.0	176.0
Working Capital Days	80.0	93.0	80.0	90.0	126.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

State Bank of India

No. of Loans: 2

Total Amount : 3,363.9 cr

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 2,800.0 cr

Bank of Baroda

No. of Loans: 1

Total Amount : 130.0 cr

Union Bank of India

No. of Loans: 1

Total Amount : 0.0 cr

Charge Holder	Amount	Date of creation/modification
SBICap Trustee Company Limited	2,800.0 cr	09 Jan, 2024
Bank of Baroda	130.0 cr	26 Jun, 2023
Union Bank of India	0.0 cr	05 Aug, 2021
State Bank of India	963.9 cr	26 Feb, 2019
State Bank of India	2,400.0 cr	30 Jun, 2017

Charges

State Bank of India

SBICap Trustee Company Limited

Bank of Baroda

Union Bank of India

People

Designation	Name	DIN/PAN	Tenure
Director	Babubhai Shamjibhai Lakhani Shareholder	00091766	18 years
Director	Mavjibhai Shamjibhai Patel Shareholder	00147902	18 years
Director	Dinesh Mavjibhai Lakhani Shareholder	01833349	18 years
CS	Sumita Mahendra Bhai Kholakiya	<HIDDEN>	3 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
KIRAN FINE GEMS PRIVATE LIMITED	Strike Off	1.0 L	2	Gujarat
SAMAST PATIDAR AAROGYA FOUNDATION	Active	57.0 L	1	Delhi
KIRAN GEMS FOUNDATION	Active	0.0	1	Maharashtra
WOODSTOCK ESTATE LLP	Active	10.0 L	2	Maharashtra
ASSURE BRILLIANT DIAMONDS LLP	Active	20.0 L	2	Maharashtra
EPITOME LUXE LABS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
KIRAN WIND ENERGY PRIVATE LIMITED	Maharashtra	2013	₹ 1.0 L
KIRANMANI INVESTMENT AND FINANCE PRIVATE LIMITED (PART IX)	Maharashtra	2006	₹ 2.0 Cr
Kiran Gems USA, Inc.	United States	-	-
Kiran Gems DMCC	United Arab Emirates	-	-
Kiran Gems FZCO	United Arab Emirates	-	-
Kiran Gems USA Inc	United States	-	-

Registered Details

CIN

U36912MH2007PTC174133

PAN

AADCK1665M

Incorporation

2007, 17.6 years

Company Email

info@kirangems.com

Paid up Capital

₹ 21.0 Cr

Authorised Capital

₹ 71.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - KIRAN GEMS PRIVATE LIMITED

What is the incorporation date of KIRAN GEMS PRIVATE LIMITED?

The incorporation date of KIRAN GEMS PRIVATE LIMITED is 14 September, 2007

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

The authorized share capital of KIRAN GEMS PRIVATE LIMITED is INR ₹ 71.0 Cr.

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

The paid-up capital of KIRAN GEMS PRIVATE LIMITED is INR ₹ 21.0 Cr.

What is the registered address of KIRAN GEMS PRIVATE LIMITED?

The registered address of KIRAN GEMS PRIVATE LIMITED is FE-5011, BHARAT DIAMOND BOURSE , "G" BL BANDRA KURLA COMPLEX , BANDRA (EAST) MUMBAI Maharashtra - 400051

What is the CIN number of KIRAN GEMS PRIVATE LIMITED?

The CIN number of KIRAN GEMS PRIVATE LIMITED is U36912MH2007PTC174133.

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