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 Radhika Jeweltech, Asian Star Co, Laxmi Goldorna House, RBZ Jewellers, Uday Jewellery Inds., Advit Jewels, Grover Jewells. Market Cap of SJ Corporation is ₹816 Crs. While the median market cap of its peers are ₹804 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 3.28 and is ranked 8 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?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments, Short Term Loans & Advances
How strong is SJ Corporation balance sheet?
Balance sheet of SJ Corporation is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of SJ Corporation improving?
No, profit is decreasing. The profit of SJ Corporation is -₹0.2 Crs for Mar 2025, ₹0.01 Crs for Mar 2024 and ₹0.35 Crs for Mar 2023
Is the debt of SJ Corporation increasing or decreasing?
Yes, The net debt of SJ Corporation is increasing. Latest net debt of SJ Corporation is ₹154 Crs as of Mar-26. This is greater than Mar-25 when it was -₹2.79 Crs.
Is SJ Corporation stock expensive?
Yes, SJ Corporation is expensive. Latest PE of SJ Corporation is 1796, while 3 year average PE is 163. Also latest EV/EBITDA of SJ Corporation is 171 while 3yr average is 85.19.
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 ~102.27% over the last 2yrs while peers have grown at a median rate of 3.45%
Is the promoter bullish about SJ Corporation?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in SJ Corporation is 13.65% and last quarter promoter holding is 13.65%.
Are mutual funds buying/selling SJ Corporation?
There is Insufficient data to gauge this.