Su-raj Diamonds and Jewellery Limited
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BSE Code:
507892
NSE Code:
SURAJDIAMN
Business Profile
Business Profile
Su-Raj Diamonds and Jewellery (SURAJDI), formerly Su-Raj Diamonds India, is the flagship company of the Su-Raj group and was incorporated on September 10, 1985 as a public sector company. The company offered its shares to the public in the year 1986.
SURAJDI is engaged in the manufacture and export of gold, silver and platinum jewellery studded with diamonds, color stones and semi-precious stones, plain jewellery, and polished diamonds. Su-Raj Diamonds and Jewellery has factories for its jewellery division in Bangalore, Kolkata, Cochin and Goa; and at Surat and Jodhpur for its diamond division. It has a global footprint and a marketing network spanning New York, Antwerp, Bangkok, UAE, Hong Kong and Los Angeles. Su-Raj Diamonds is based in Mumbai, India.
Financials
Su-raj Diamonds and Jewellery registered a 33.36 % growth in net profit to Rs 123.5 million for the quarter ended September 2007 from a profit of Rs 92.6 million for the quarter ended September 2006.
Net sales rose 19.55 % to Rs 4280.90 million for the quarter ended September 2007 from Rs 3580.80 million for the quarter ended September 2006.
Total income rose 19.32 % to Rs 4284.50 million for the quarter ended September 2007 from Rs 3590.70 million for the quarter ended September 2006.
The diluted earnings per share (EPS) of the company stood at Rs 3.08 for the quarter ended September 2007.
Recent Developments
02-FEB-07
On Feb. 2, 2007, the company announced the expansion of its Bangalore manufacturing facility at the Bommasandra Industrial Estate. The company has set up an exclusive factory outlet and also a state-of-the-art product development center within its manufacturing facility in Bangalore.
Future Plans
Su-Raj Diamond is likely to post a topline growth of 35-40% per annum over the next three-four years driven by growth in jewellery business.