SJ Corporation
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SJ Corporation's open offer accepted 1,654,359 shares, representing 3.82% of voting share capital, at ₹12 a share from public shareholders. The cash consideration came to ₹1.98 crore, against a maximum offer of 1,12,72,300 shares worth ₹13.54 crore. The four acquirers' holding stood at 65.22% after the offer, rather than 87.40% on full acceptance, and they said they would complete the share-purchase agreement and seek promoter reclassification. The transaction followed their January agreement to buy 11.35% from the Patel family and their March preferential allotment of 50.05%. The board and management were reconstituted on May 30, when control passed to the Kalavadia-led group.
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SJ Corporation's open offer accepted 1,654,359 shares, representing 3.82% of voting share capital, at ₹12 a share from public shareholders. The cash consideration came to ₹1.98 crore, against a maximum offer of 1,12,72,300 shares worth ₹13.54 crore. The four acquirers' holding stood at 65.22% after the offer, rather than 87.40% on full acceptance, and they said they would complete the share-purchase agreement and seek promoter reclassification. The transaction followed their January agreement to buy 11.35% from the Patel family and their March preferential allotment of 50.05%. The board and management were reconstituted on May 30, when control passed to the Kalavadia-led group.
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What does SJ Corporation do?
SJ Corporation Ltd specializes in manufacturing, trading, and exporting a wide range of natural rough and polished diamonds, gems, pearls, and various stones along with ornaments and jewelries made with different metals.
Who are the competitors of SJ Corporation?
SJ Corporation major competitors are Uday Jewellery Inds., RBZ Jewellers, Radhika Jeweltech, Asian Star Co, Grover Jewells, Priority Jewels, Laxmi Goldorna House. Market Cap of SJ Corporation is ₹845 Crs. While the median market cap of its peers are ₹696 Crs.
Is SJ Corporation financially stable compared to its competitors?
SJ Corporation seems to be less financially stable compared to its competitors. Altman Z score of SJ Corporation is 4.17 and is ranked 7 out of its 8 competitors.
Does SJ Corporation pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. SJ Corporation latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has SJ Corporation allocated its funds?
NA
How strong is SJ Corporation balance sheet?
Balance sheet of SJ Corporation is strong. But short term working capital might become an issue for this company.
Is the profitablity of SJ Corporation improving?
The profit is oscillating. The profit of SJ Corporation is ₹3.44 Crs for TTM, -₹0.24 Crs for Mar 2026 and -₹0.2 Crs for Mar 2025.
Is the debt of SJ Corporation increasing or decreasing?
The net debt of SJ Corporation is decreasing. Latest net debt of SJ Corporation is ₹137 Crs as of Sep-26. This is less than Mar-26 when it was ₹153 Crs.
Is SJ Corporation stock expensive?
SJ Corporation is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of SJ Corporation is 952, while 3 year average PE is 169. Also latest EV/EBITDA of SJ Corporation is 77.49 while 3yr average is 85.6.
Has the share price of SJ Corporation grown faster than its competition?
SJ Corporation has given better returns compared to its competitors. SJ Corporation has grown at ~102.2% over the last 2yrs while peers have grown at a median rate of 4.76%
Is the promoter bullish about SJ Corporation?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 67.52% and last quarter promoter holding is 13.65%.
Are mutual funds buying/selling SJ Corporation?
There is Insufficient data to gauge this.