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Ashapuri Gold Ornament
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Ashapuri Gold Ornament Limited was originally incorporated as a private limited company with the name 'Ashapuri Gold Ornament Private Limited'' on June 17, 2008. Subsequently, the Company was converted in to a public limited Company pursuant to a special resolution passed by the shareholders at the EGM held on January 09, 2019 and consequently the name of the Company was changed to 'Ashapuri Gold Ornament Limited' on January 23, 2019.
Mr. Dinesh Soni and Mr. Jitendra Soniwere the subscribers to the MOA. Subsequently Mr. Saremal Soni joined the Company as a Director at the end of the year 2008. The Company had started its operation from Manek chowk, Ahmedabad, a market known for bullion and Jewellery trading. Later on, various jewelers have started their operationsfrom C.G Road, Ahmedabad. In order to remain in line with other Jewelers, the Company had shifted the operations in the year 2011 from Manek chowk, Ahmedabad to 109 to 112A, 1st Floor Supermall, Nr. Lal Bunglow, C.G. Road, Ahmedabad - 380009 in large space having 2945 Sq. Feet area.
The Company is engaged in the business of wholesale trading of Jewellery. The Jewelries are manufactured on Job work basis at Ahmedabad and Rajkot. The Company is well known and trusted wholesaler of gold jewellery supplier, having showroom of 2945 sq. feet on prime location of C.G. Road, Ahmedabad, the newly developed main market for buying Gold and Diamond Jewellery. The design of products is done either in house or by third parties on its behalf and get the Jewelleries manufacturedon job work basis. The Company believes that its track record of almost two decade attracts and signifies customers trust in the quality and purity of their products. Since the system of hallmarking is legally introduced, Company deals only in jewellery certified by Hallmark. The Company deals in antique Jewellery too. In addition to the above, it is also in the Trading of Gold Jewellery.
During the year 2018-19, the company had entered in to partnership with Mrs. Kiran Soni and Mrs. Alka Jitendra Soni, partner of M/s. Blue-Onxy Lifestyle, carrying on business of Branded Readymade Garments having exclusive showrooms at Ahmedabad, Surendranagar, Mehsana and Godhara. The company is a major partner in this venture. The promoters have a plan to open multiple chains of showrooms of Branded Readymade Garments over a period of time.
Ashapuri Gold Ornament share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ashapuri Gold Ornament indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ashapuri Gold Ornament is valued compared to its competitors.
Ashapuri Gold Ornament PE ratio helps investors understand what is the market value of each stock compared to Ashapuri Gold Ornament 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ashapuri Gold Ornament evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ashapuri Gold Ornament generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ashapuri Gold Ornament in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ashapuri Gold Ornament shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ashapuri Gold Ornament compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ashapuri Gold Ornament over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ashapuri Gold Ornament helps investors get an insight into when they can enter or exit the stock. Key components of Ashapuri Gold Ornament Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ashapuri Gold Ornament shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ashapuri Gold Ornament ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ashapuri Gold Ornament provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ashapuri Gold Ornament highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ashapuri Gold Ornament .
The balance sheet presents a snapshot of Ashapuri Gold Ornament ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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