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Payal Gold
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PAYAL GOLD PRIVATE LIMITED

payalgold.com

Active

Updated: 24 Oct 2024

The company is engaged in the business of manufacturing of coloured gemstone and diamond studded gold as well as silver jewellery.

Payal Gold Private Limited, is an unlisted private company incorporated on 27 June, 2011. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 1.00 cr and the total paid-up capital is INR 13.22 lac.

Industry

Trading

Products

Gold Jewellery, Surya Golds, Platinum Jewellery, Tukish, Fusion Jewellery etc., Rose gold

Key Metrics

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

Sales

146.54%

₹ 2,043.5

EBITDA

97.01%

₹ 14.2

Net Profit

81.59%

₹ 8.5

Networth

21.02%

₹ 49.0

Borrowings

74.02%

₹ 31.4

Assets

54.99%

₹ 113.3

Gross Margin

-1.26

2.3 %

Operating Margin

-0.18

0.7 %

Net Profit Margin

-0.15

0.4 %

Return on Equity

5.79

17.4 %

ROCE

4.94

17.9 %

Debt to Equity

0.2

0.6

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (2)

State	Type	Address

Locations on Map

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE

Low Risk

LOW INVENTORY
GROSS MARGINS DETERIORATING

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	327.7	642.0	678.9	828.9	2,043.5
Operating profit	4.7	3.5	3.5	7.2	14.2
Net profit	2.3	2.3	2.3	4.7	8.5
Gross margin	4.6	2.2	3.5	3.6	2.3
Operating margin	1.4	0.6	0.5	0.9	0.7
Net margin	0.7	0.4	0.3	0.6	0.4
Networth	11.1	13.4	35.8	40.5	49.0
Borrowings	25.7	17.0	31.4	18.0	31.4
Assets	66.6	38.9	71.8	73.1	113.3
Debt to equity	2.3	1.3	0.9	0.4	0.6
Current ratio	2.2	4.6	15.4	4.8	3.4
ROE	21.1	17.5	6.3	11.6	17.4
Days payable	33.0	4.0	0.0	6.0	6.0
WC days	40.0	17.0	36.0	24.0	14.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.1	0.1	0.1	0.1	0.1
Reserves	10.9	13.3	35.7	40.4	48.9
Borrowings +	25.7	17.0	31.4	18.0	31.4
Long term borrowings	25.7	17.0	31.4	18.0	31.4
Short term borrowings	-	-	-	-	-
Trade payables +	28.0	7.4	0.5	13.4	32.9
Days payable	33.0	4.0	0.0	6.0	6.0
Other liabilities +	29.9	8.4	4.6	14.5	32.9
Other non-current liabilities	-	-	-	-	-
Other current liabilities	1.8	1.1	4.1	1.2	-
Total liabilities	66.6	38.9	71.8	73.1	113.3
Fixed Assets +	0.5	0.4	0.3	0.2	0.9
Tangible assets	0.5	0.4	0.3	0.2	0.9
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	0.7	-	-	2.6	0.1
Other non-current assets	-	-	-	1.1	2.2
Current assets +	65.4	38.4	71.5	69.2	110.1
Inventories	9.3	23.1	34.5	40.3	72.3
Trade receivables	38.7	14.2	35.3	25.1	33.6
Cash and cash equivalents	17.2	0.7	0.6	0.9	0.7
ST loans and advances	-	0.5	1.0	2.8	3.5
Other current assets	-	-	-	-	-
Total assets	66.6	38.9	71.8	73.1	113.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.17	0.29	0.18	0.18	0.12
Reserves	16.44	34.22	49.66	55.25	43.17
Borrowings +	38.57	43.8	43.71	24.67	27.69
Long term borrowings	38.57	43.8	43.71	24.67	27.69
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	42.09	18.93	0.71	18.32	29.0
Other liabilities +	44.82	21.69	6.45	19.9	29.02
Other non-current liabilities	0.0	0.0	0.0	0.0	0.0
Other current liabilities	2.74	2.77	5.74	1.58	0.03
Total liabilities
Fixed Assets +	0.82	1.0	0.4	0.29	0.8
Tangible assets	0.82	1.0	0.4	0.29	0.8
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	1.03	0.14	0.1	3.58	0.1
Other non-current assets	0.0	0.0	0.0	1.51	1.93
Current assets +	98.15	98.86	99.5	94.62	97.17
Inventories	14.03	59.33	48.07	55.19	63.78
Trade receivables	58.19	36.43	49.18	34.36	29.68
Cash and cash equivalents	25.87	1.77	0.81	1.24	0.65
ST loans and advances	0.07	1.34	1.45	3.83	3.07
Other current assets	0.0	0.0	0.0	0.0	0.0
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	327.7	642.0	678.9	828.9	2,043.5
Sales growth %	36.18	95.91	5.74	22.09	146.54
Expenses +	324.9	640.3	676.5	823.1	2,031.2
Cost of goods	312.5	628.0	655.5	799.2	1,996.1
Employee cost	1.8	1.9	2.1	2.8	3.6
Other costs	8.7	8.6	17.7	19.7	29.6
Operating profit +	4.7	3.5	3.5	7.2	14.2
Operating margin %	1.4	0.6	0.5	0.9	0.7
Other income	0.3	1.5	0.6	0.5	0.4
Interest	1.7	1.7	1.0	1.3	1.7
Depreciation	0.2	0.2	0.1	-	0.2
Exceptional items	-	-	-	-	-
Profit before tax	3.1	3.2	3.0	6.3	12.7
Tax	0.8	0.8	0.8	1.6	4.2
Profit - disc. ops	-	-	-	-	-
Net profit	2.3	2.3	2.3	4.7	8.5
Net margin %	0.7	0.4	0.3	0.6	0.4

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.9	99.77	99.92	99.94	99.98
Expenses +	99.04	99.51	99.56	99.24	99.38
Cost of goods	95.27	97.59	96.47	96.37	97.66
Employee cost	0.55	0.29	0.31	0.34	0.18
Other costs	2.64	1.34	2.61	2.37	1.45
Operating profit	1.44	0.55	0.52	0.87	0.69
Other income	0.1	0.23	0.08	0.06	0.02
Interest	0.51	0.26	0.14	0.16	0.09
Depreciation	0.07	0.03	0.02	0.01	0.01
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	0.96	0.49	0.44	0.76	0.62
Tax	0.25	0.13	0.11	0.19	0.2
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	0.71	0.36	0.33	0.57	0.42

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	2.3	1.3	0.9	0.4	0.6
Net Debt/Equity	0.8	1.2	0.9	0.4	0.6
Total Debt/Assets	0.4	0.4	0.4	0.2	0.3
Total Assets/Equity	6.0	2.9	2.0	1.8	2.3
Liquidity +
Current Ratio	2.2	4.6	15.4	4.8	3.4
Quick Ratio	1.9	1.8	8.0	2.0	1.1
Interest Coverage	2.8	2.1	3.6	5.5	8.1
Performance
Gross Margin	4.6	2.2	3.5	3.6	2.3
Operating Margin	1.4	0.6	0.5	0.9	0.7
Net Margin	0.7	0.4	0.3	0.6	0.4
Return +
Return on Equity	21.1	17.5	6.3	11.6	17.4
Pre-tax ROCE	12.5	11.1	5.1	12.9	17.9
Return on Assets	3.5	6.0	3.1	6.4	7.5
Pre-tax ROIC	23.1	11.3	5.1	12.3	17.5
Efficiency +
Days Payable	33.0	4.0	0.0	6.0	6.0
Days Inventory	11.0	13.0	19.0	18.0	13.0
Days Receivable	43.0	8.0	19.0	11.0	6.0
Fixed Asset Turnover	600.7	1,650.4	2,388.7	3,961.4	2,248.8
Total Asset Turnover	4.9	16.5	9.4	11.3	18.0
Working Capital
Cash Conversion Cycle	21.0	17.0	38.0	23.0	13.0
Working Capital Days	40.0	17.0	36.0	24.0	14.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Yes Bank Limited

No. of Loans: 1

Total Amount : 30.0 cr

Charge Holder	Amount	Date of creation/modification
Yes Bank Limited	30.0 cr	31 Jul, 2024

Charges

Yes Bank Limited

People

Designation	Name	DIN/PAN	Tenure
Director	Shobha Popatlal Sanghvi Shareholder	00373392	14 years
Director	Popatlal Babulal Sanghvi Shareholder	03084774	14 years
Director	Rushab Popatlal Sanghvi Shareholder	06463474	8 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
JEWEL CASA PRIVATE LIMITED	Active	1.0 L	2	Maharashtra
REZARTA SILVER PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
OPUS REFINERY PRIVATE LIMITED	Active	4.0 L	1	Maharashtra
SANGHVI VENTURE LLP	Active	1.0 L	1	Maharashtra

Registered Details

CIN

U52100MH2011PTC219166

PAN

AAGCP0873M

Incorporation

2011, 13.8 years

Company Email

info@payalgold.com

Paid up Capital

₹ 13.2 L

Authorised Capital

₹ 1.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - PAYAL GOLD PRIVATE LIMITED

What is the incorporation date of PAYAL GOLD PRIVATE LIMITED?

The incorporation date of PAYAL GOLD PRIVATE LIMITED is 27 June, 2011

What is the authorized share capital of PAYAL GOLD PRIVATE LIMITED?

The authorized share capital of PAYAL GOLD PRIVATE LIMITED is INR ₹ 1.0 Cr.

What is the paid-up capital of PAYAL GOLD PRIVATE LIMITED?

The paid-up capital of PAYAL GOLD PRIVATE LIMITED is INR ₹ 13.2 L.

What is the registered address of PAYAL GOLD PRIVATE LIMITED?

The registered address of PAYAL GOLD PRIVATE LIMITED is 201, MADHAVRAM BUILDING, 195/197 KALBADEVI ROAD NEAR COTTON EXCHANGE MUMBAI Mumbai City Maharashtra - 400002

What is the CIN number of PAYAL GOLD PRIVATE LIMITED?

The CIN number of PAYAL GOLD PRIVATE LIMITED is U52100MH2011PTC219166.

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