Saraswati Commercial
ZSARACOM NSE
Saraswati Commercial
Financial ServicesNSE: ZSARACOM BSE: 512020 NBFC
Key Fundamentals
MicrocapNBFCFinancial ServicesMarket Cap
₹1,226 Cr
Volatility
Moderate
P/E Ratio
8.94
EBITDA
₹115 Cr
Return on Equity
5.49%
Debt to Equity
0.03
Book Value
₹10,050.17
52W High
₹14,400
52W Low
₹9,000
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
5- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.08 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 34.0% CAGR over last 5 years
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.4% over last 3 years.
Growth Rate
Revenue Growth
60.42% lower than
3Y
Net Income Growth
84.36% lower than
3Y
Cash Flow Change
-73.5% lower than
3Y
ROE
-62.93% lower than
3Y
ROCE
-61.59% lower than
3Y
EBITDA Margin (Avg.)
2.14% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 30 | 29 | 40 | 30 | 68 | 78 | -45 | -26 | 31 | 73 | 33 | -16 | 76 |
| Expenses | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 1 |
| Financing Profit | 28 | 28 | 39 | 29 | 67 | 77 | -46 | -28 | 29 | 72 | 30 | -19 | 74 |
| Fin. Margin % | 96% | 96% | 97% | 95% | 98% | 98% | 103% | 108% | 93% | 98% | 92% | 113% | 98% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 28 | 28 | 39 | 29 | 67 | 77 | -46 | -28 | 29 | 72 | 30 | -19 | 74 |
| Tax % | 14% | 14% | 14% | 22% | 22% | 17% | -15% | -19% | 19% | 16% | 18% | -13% | 15% |
| Net Profit | 24 | 24 | 33 | 22 | 52 | 63 | -39 | -23 | 24 | 60 | 25 | -16 | 64 |
| EPS in Rs | 237 | 231 | 324 | 217 | 509 | 615 | -383 | -210 | 215 | 550 | 226 | -149 | 580 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 99 | 19 | 11 | 16 | 9 | 1 | 28 | 87 | 24 | 128 | 75 | 121 | 165 |
| Expenses | 87 | 1 | 3 | 2 | 2 | 14 | 2 | 2 | 3 | 3 | 5 | 6 | 5 |
| Financing Profit | 8 | 14 | 5 | 14 | 7 | -13 | 25 | 84 | 19 | 123 | 69 | 112 | 158 |
| Fin. Margin % | 8% | 73% | 48% | 84% | 80% | -959% | 89% | 96% | 80% | 96% | 91% | 93% | 95% |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 5 | 4 | 3 | 0 | 0 | 0 | 2 | 1 | 2 | 2 | 2 | 3 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 8 | 14 | 5 | 14 | 7 | -13 | 25 | 84 | 19 | 123 | 69 | 112 | 158 |
| Tax % | 18% | 0% | -2% | -17% | 10% | -26% | 14% | 22% | 39% | 16% | 22% | 18% | — |
| Net Profit | 7 | 14 | 5 | 16 | 7 | -10 | 21 | 65 | 12 | 104 | 53 | 92 | 132 |
| EPS in Rs | — | — | — | 160 | 66.64 | -96.01 | 213 | 630 | 113 | 1,009 | 487 | 842 | 1,207 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.64 | 0.64 | 0.64 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 21 | 35 | 115 | 128 | 135 | 155 | 275 | 421 | 432 | 689 | 958 | 1,091 |
| Borrowing | 32 | 42 | 8 | 32 | 0 | 10 | 5 | 28 | 22 | 0 | 43 | 0 |
| Other Liabilities | 6 | 5 | 9 | 1 | 0 | 0 | 12 | 30 | 26 | 67 | 91 | 108 |
| Total Liabilities | 59 | 82 | 133 | 162 | 137 | 166 | 293 | 480 | 482 | 758 | 1,093 | 1,201 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 44 | 51 | 97 | 119 | 117 | 135 | 286 | 465 | 480 | 749 | 1,069 | 1,080 |
| Other Assets | 16 | 32 | 36 | 42 | 20 | 31 | 7 | 14 | 2 | 8 | 25 | 121 |
| Total Assets | 59 | 82 | 133 | 162 | 137 | 166 | 293 | 480 | 482 | 758 | 1,093 | 1,201 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -5 | -16 | -23 | -6 | -16 | -18 | -5 | 50 | 27 | 33 | 9 | — |
| Investing | 10 | 20 | 27 | 8 | 16 | 16 | 4 | -81 | -22 | -7 | -108 | — |
| Financing | -5 | -4 | -3 | -3 | 0 | 9 | -7 | 33 | -7 | -24 | 120 | — |
| Net Cash Flow | 0 | 0 | 2 | -1 | 0 | 7 | -7 | 2 | -2 | 2 | 20 | — |
| Free Cash Flow | -5 | -16 | -23 | -6 | -16 | -18 | -5 | 50 | 27 | 33 | 9 | — |
| CFO/OP | -31 | -79 | -282 | -35 | -199 | 136 | -19 | 68 | 186 | 36 | 33 | — |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 36% | 49% | 7% | 13% | 5% | -7% | 10% | 19% | 3% | 18% | 6% | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Saraswati Commercial insights
36 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Clarification Sought from Saraswati Commercial India Ltd
8 Jul - Exchange has sought clarification from Saraswati Commercial India Ltd on July 8, 2026 with reference to significant movement in price, in order to ensure that … 8 Jul - Exchange has sought clarification from Saraswati Commercial India Ltd on July 8, 2026 with reference to significant movement in price, in order to ensure that …
2
Compliances-Reg.24(A)-Annual Secretarial Compliance
20 Apr - Annual Secretarial Compliance Report for FY2026 filed; no deviations, no SEBI or stock exchange action. 20 Apr - Annual Secretarial Compliance Report for FY2026 filed; no deviations, no SEBI or stock exchange action.
3
Equity Shares Of Saraswati Commercial (India) Limited Included Under The 'Permitted To Trade And Admitted To Dealings' On National Stock Exchange Of India Limited (NSE).
20 Apr - Saraswati Commercial shares admitted to NSE 'Permitted to Trade' from April 20, 2026. 20 Apr - Saraswati Commercial shares admitted to NSE 'Permitted to Trade' from April 20, 2026.
4
Compliances-Reg.24(A)-Annual Secretarial Compliance
12h - Annual Secretarial Compliance Report for FY2026 filed; no deviations, no SEBI or stock exchange action. 12h - Annual Secretarial Compliance Report for FY2026 filed; no deviations, no SEBI or stock exchange action.
5
Equity Shares Of Saraswati Commercial (India) Limited Included Under The 'Permitted To Trade And Admitted To Dealings' On National Stock Exchange Of India Limited (NSE).
8h - Saraswati Commercial shares admitted to NSE 'Permitted to Trade' from April 20, 2026. 8h - Saraswati Commercial shares admitted to NSE 'Permitted to Trade' from April 20, 2026.
Frequently Asked Questions about Saraswati Commercial
What does Saraswati Commercial (India) Ltd do?
Incorporated in 1983, Saraswati Commercial (India) Ltd deals in shares and securities & lending[1]
Where is Saraswati Commercial (India) Ltd (512020) listed?
Saraswati Commercial (India) Ltd trades as ZSARACOM on the NSE and under code 512020 on the BSE.
Which sector does Saraswati Commercial (India) Ltd belong to?
Saraswati Commercial (India) Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the market capitalisation of Saraswati Commercial (India) Ltd?
Saraswati Commercial (India) Ltd has a market capitalisation of ₹1,226 Cr, which places it in the Small Cap band.
What is the PE ratio of Saraswati Commercial (India) Ltd?
Saraswati Commercial (India) Ltd trades at a PE ratio of 8.94, against a book value of ₹10,050.17 per share.
What is the 52-week high and low of Saraswati Commercial (India) Ltd?
Over the last 52 weeks Saraswati Commercial (India) Ltd has traded between ₹9,000 and ₹14,400.
What is the Return on Equity (ROE) of Saraswati Commercial (India) Ltd?
Saraswati Commercial (India) Ltd reported a return on equity of 5.49%. Its debt-to-equity ratio is 0.03.
Company Information
Incorporated in 1983, Saraswati Commercial (India) Ltd deals in shares and securities & lending[1]
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