5
Swarnsarita Jewels
SWARNSAR NSE
Swarnsarita Jewels
Consumer GoodsNSE: SWARNSAR BSE: 526365 Jewellery & Watches
Key Fundamentals
MicrocapJewellery & WatchesConsumer GoodsMarket Cap
₹83.51 Cr
Volatility
High Risk
P/E Ratio
6.67
EBITDA
₹23.00 Cr
Return on Equity
8.81%
Debt to Equity
0.5
Book Value
₹67.2
52W High
₹45.7
52W Low
₹32
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Stock is trading at 0.59 times its book value
- Company is expected to give good quarter
- Promoter holding has increased by 8.08% over last quarter.
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.57% over past five years.
- Company has a low return on equity of 5.98% over last 3 years.
- Promoters have pledged 49.9% of their holding.
- Earnings include an other income of Rs.7.52 Cr.
Growth Rate
Revenue Growth
14.83% higher than
3Y
Net Income Growth
134% higher than
3Y
Cash Flow Change
68.85% lower than
3Y
ROE
115% higher than
3Y
ROCE
36.86% lower than
3Y
EBITDA Margin (Avg.)
26.57% lower 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 194 | 200 | 204 | 171 | 155 | 230 | 219 | 158 | 152 | 262 | 218 | 237 | 206 |
| Expenses | 185 | 200 | 201 | 170 | 145 | 227 | 214 | 160 | 142 | 252 | 214 | 244 | 191 |
| Operating Profit | 9 | 0 | 3 | 2 | 10 | 3 | 5 | -3 | 10 | 10 | 4 | -8 | 15 |
| OPM % | 4.9% | 0.2% | 1.3% | 0.9% | 7% | 1.1% | 2.4% | -1.6% | 6% | 3.8% | 1.8% | -3.2% | 7% |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 0 |
| Interest | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 7 | -1 | 0 | 0 | 8 | 1 | 3 | -4 | 8 | 9 | 2 | -3 | 14 |
| Tax % | 25% | -25% | 26% | 76% | 25% | 25% | 32% | 10% | 26% | 25% | 22% | 144% | 23% |
| Net Profit | 6 | -1 | 0 | 0 | 6 | 1 | 2 | -4 | 6 | 7 | 2 | -7 | 11 |
| EPS in Rs | 2.67 | -0.5 | 0.1 | 0.03 | 2.99 | 0.35 | 1.1 | -1.9 | 2.9 | 3.27 | 0.8 | -3.25 | 5.13 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 240 | 322 | 287 | 486 | 549 | 559 | 576 | 841 | 840 | 770 | 761 | 868 | 922 |
| Expenses | 236 | 317 | 281 | 480 | 542 | 553 | 565 | 831 | 827 | 756 | 746 | 852 | 901 |
| Operating Profit | 5 | 5 | 5 | 7 | 6 | 6 | 11 | 10 | 13 | 14 | 16 | 16 | 21 |
| OPM % | 1.9% | 1.4% | 1.9% | 1.4% | 1.2% | 1.1% | 1.8% | 1.2% | 1.6% | 1.8% | 2.1% | 1.9% | 2.3% |
| Other Income | 4 | 5 | 4 | 4 | 6 | 7 | 4 | 7 | 3 | 2 | 1 | 7 | 8 |
| Interest | 3 | 5 | 4 | 4 | 5 | 5 | 6 | 7 | 8 | 9 | 7 | 7 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 5 | 4 | 4 | 6 | 7 | 7 | 8 | 10 | 8 | 7 | 9 | 17 | 22 |
| Tax % | 32% | 31% | 31% | 33% | 33% | 34% | 31% | 27% | 25% | 27% | 42% | 26% | — |
| Net Profit | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 8 | 6 | 5 | 5 | 12 | 12 |
| EPS in Rs | 1.54 | 1.29 | 1.38 | 2.08 | 2.29 | 2.17 | 2.62 | 3.59 | 3.01 | 2.29 | 2.51 | 5.92 | 5.95 |
| 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 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 58 | 61 | 64 | 68 | 73 | 77 | 83 | 91 | 97 | 102 | 107 | 119 |
| Borrowings | 48 | 75 | 79 | 105 | 131 | 101 | 117 | 126 | 121 | 108 | 83 | 70 |
| Other Liabilities | 8 | 12 | 7 | 11 | 9 | 9 | 5 | 6 | 9 | 11 | 14 | 16 |
| Total Liabilities | 135 | 169 | 171 | 205 | 234 | 208 | 226 | 244 | 248 | 241 | 225 | 226 |
| Fixed Assets | 0 | 2 | 2 | 2 | 2 | 3 | 5 | 5 | 5 | 6 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 6 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 134 | 161 | 166 | 204 | 232 | 205 | 220 | 239 | 243 | 234 | 224 | 225 |
| Total Assets | 135 | 169 | 171 | 205 | 234 | 208 | 226 | 244 | 248 | 241 | 225 | 226 |
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 | -29 | 1 | -17 | -2 | -26 | 13 | 6 | 8 | 9 | 5 | 12 | 20 |
| Investing | 2 | -4 | 5 | 5 | 2 | 1 | -1 | 2 | 1 | -1 | 5 | -1 |
| Financing | 37 | 21 | 0 | 22 | 20 | -35 | 7 | 2 | -13 | -22 | -28 | -21 |
| Net Cash Flow | 10 | 18 | -12 | 25 | -4 | -21 | 13 | 12 | -3 | -18 | -11 | -2 |
| Free Cash Flow | -30 | -1 | -17 | -2 | -27 | 11 | 3 | 8 | 8 | 3 | 16 | 19 |
| CFO/OP | -609 | 41 | -296 | 2 | -377 | 245 | 84 | 104 | 92 | 53 | 84 | 152 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 54 | 56 | 40 | 42 | 45 | 57 | 37 | 33 | 42 | 42 | 32 |
| Inventory Days | 86 | 79 | 116 | 68 | 77 | 69 | 57 | 43 | 49 | 54 | 54 | 52 |
| Days Payable | 8 | 11 | 5 | 2 | 3 | 2 | 1 | 1 | 3 | 3 | 3 | 4 |
| Cash Conversion Cycle | 135 | 121 | 167 | 106 | 117 | 113 | 112 | 79 | 79 | 92 | 94 | 81 |
| Working Capital Days | 97 | 44 | 72 | 26 | 27 | 43 | 37 | 32 | 35 | 44 | 52 | 50 |
| ROCE % | 7% | 7% | 5% | 6% | 6% | 6% | 7% | 8% | 7% | 6% | 7% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Swarnsarita Jewels insights
59 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Post Offer Advertisement
6 May - Post-offer ad: open offer closed Apr 20, 2026; 17,05,843 shares accepted, promoter stake rises to 60.20%. 6 May - Post-offer ad: open offer closed Apr 20, 2026; 17,05,843 shares accepted, promoter stake rises to 60.20%.
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026. 15 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
3
Offer Opening Public Announcement
2 Apr - Swarnsarita open offer for 47,94,987 shares at ₹32.15 each; tendering closes April 20, 2026. 2 Apr - Swarnsarita open offer for 47,94,987 shares at ₹32.15 each; tendering closes April 20, 2026.
4
Recommendations of Committee of Independent Directors ("IDC")
30 Mar - IDC finds Rs32.15 offer for 47,94,987 shares (22.97%) fair; recommendation dated March 28, 2026. 30 Mar - IDC finds Rs32.15 offer for 47,94,987 shares (22.97%) fair; recommendation dated March 28, 2026.
5
Board Meeting Outcome for Outcome Of Board Meeting Of The Independent Director Of The Company
30 Mar - Independent Directors met Mar 30, 2026; reviewed non-independent directors' performance and information flow. 30 Mar - Independent Directors met Mar 30, 2026; reviewed non-independent directors' performance and information flow.
2
Voting Results And Scrutinizers Report On Voting Of The 34Th Annual General Meeting Held On August 27 2026 29 Aug 2026
General_Announcements
Frequently Asked Questions about Swarnsarita Jewels
What does Swarnsarita Jewels India Ltd do?
Incorporated in 2005, Swarnsarita Jewels India Ltd manufactures & exports gold and diamond jewellery.[1]
Where is Swarnsarita Jewels India Ltd (526365) listed?
Swarnsarita Jewels India Ltd trades as SWARNSAR on the NSE and under code 526365 on the BSE.
Which sector does Swarnsarita Jewels India Ltd belong to?
Swarnsarita Jewels India Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the market capitalisation of Swarnsarita Jewels India Ltd?
Swarnsarita Jewels India Ltd has a market capitalisation of ₹83.51 Cr, which places it in the Small Cap band.
What is the PE ratio of Swarnsarita Jewels India Ltd?
Swarnsarita Jewels India Ltd trades at a PE ratio of 6.67, against a book value of ₹67.2 per share.
What is the 52-week high and low of Swarnsarita Jewels India Ltd?
Over the last 52 weeks Swarnsarita Jewels India Ltd has traded between ₹32 and ₹45.7.
What is the Return on Equity (ROE) of Swarnsarita Jewels India Ltd?
Swarnsarita Jewels India Ltd reported a return on equity of 8.81%. Its debt-to-equity ratio is 0.50.
Company Information
Incorporated in 2005, Swarnsarita Jewels India Ltd manufactures & exports gold and diamond jewellery.[1]
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