Price
Financials
Consolidated, Rs crore| 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 | 200 | 204 | 171 | 155 | 230 | 219 | 158 | 152 | 262 | 218 | 237 | 206 |
| Expenses | 200 | 201 | 170 | 145 | 227 | 214 | 160 | 142 | 252 | 214 | 244 | 191 |
| Operating Profit | 0 | 3 | 2 | 10 | 3 | 5 | -3 | 10 | 10 | 4 | -8 | 15 |
| OPM % | 0.2% | 1.3% | 0.9% | 7% | 1.1% | 2.4% | -1.6% | 6% | 3.8% | 1.8% | -3.2% | 7% |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 7 | 0 |
| Interest | 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 |
| Profit before tax | -1 | 0 | 0 | 8 | 1 | 3 | -4 | 8 | 9 | 2 | -3 | 14 |
| Tax % | -25% | 26% | 76% | 25% | 25% | 32% | 10% | 26% | 25% | 22% | 144% | 23% |
| Net Profit | -1 | 0 | 0 | 6 | 1 | 2 | -4 | 6 | 7 | 2 | -7 | 11 |
| EPS in Rs | -0.50 | 0.10 | 0.03 | 2.99 | 0.35 | 1.10 | -1.90 | 2.90 | 3.27 | 0.80 | -3.25 | 5.13 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 322 | 287 | 486 | 549 | 559 | 576 | 841 | 840 | 770 | 761 | 868 | 922 |
| Expenses | 317 | 281 | 480 | 542 | 553 | 565 | 831 | 827 | 756 | 746 | 852 | 901 |
| Operating Profit | 5 | 5 | 7 | 6 | 6 | 11 | 10 | 13 | 14 | 16 | 16 | 21 |
| OPM % | 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 | 5 | 4 | 4 | 6 | 7 | 4 | 7 | 3 | 2 | 1 | 7 | 8 |
| Interest | 5 | 4 | 4 | 5 | 5 | 6 | 7 | 8 | 9 | 7 | 7 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 4 | 6 | 7 | 7 | 8 | 10 | 8 | 7 | 9 | 17 | 22 |
| Tax % | 31% | 31% | 33% | 33% | 34% | 31% | 27% | 25% | 27% | 42% | 26% | |
| Net Profit | 3 | 3 | 4 | 5 | 5 | 5 | 8 | 6 | 5 | 5 | 12 | 12 |
| EPS in Rs | 1.29 | 1.38 | 2.08 | 2.29 | 2.17 | 2.62 | 3.59 | 3.01 | 2.29 | 2.51 | 5.92 | 5.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 10% | 9% | 1% | 22% | ||
| Compounded Profit Growth | 16% | 18% | 25% | 143% | ||
| Stock Price CAGR | 5% | 19% | 9% | 29% | ||
| Return on Equity | 6% | 6% | 6% | 9% |
| 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -29 | 1 | -17 | -2 | -26 | 13 | 6 | 8 | 9 | 5 | 12 | 20 |
| Cash from Investing Activity | 2 | -4 | 5 | 5 | 2 | 1 | -1 | 2 | 1 | -1 | 5 | -1 |
| Cash from Financing Activity | 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% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.03% | 52.03% | 52.03% | 52.03% | 52.03% | 52.03% | 52.03% | 52.03% | 52.03% | 52.03% | 52.03% | 60.11% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 47.96% | 47.96% | 47.97% | 47.96% | 47.96% | 47.94% | 47.95% | 47.95% | 47.93% | 47.94% | 47.94% | 39.86% |
| No. of Shareholders | 8,088 | 8,180 | 8,374 | 8,321 | 9,309 | 9,413 | 9,384 | 9,392 | 9,329 | 9,154 | 8,938 | 8,816 |
Fundamentals
Market Cap₹ 87.7 Cr.
Current Price₹ 42.0
Stock P/E7.06
Book Value₹ 67.2
ROCE11.0 %
ROE9.19 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)22%
Compounded Profit Growth (TTM)143%
Consolidated figures.
Valuation
Market capRs 80 Cr
Enterprise valueRs 147 Cr
P/E (TTM)6.46x
Price to book0.57x
Price to sales0.09x
EV / EBITDA5.09x
EV / EBIT5.15x
EV / sales0.16x
Price to cash flow3.99x
Earnings yield15.48%
P/E, 3-year average9.55x
P/B, 3-year average0.46x
P/E, 5-year average8.12x
P/B, 5-year average0.42x
Profitability
Operating margin (excl. other income)1.87%
Operating margin (incl. other income)2.71%
EBITDA margin3.13%
Pre-tax margin2.42%
Net profit margin1.35%
Net margin, latest quarter5.20%
ROE9.21%
ROCE11.01%
ROA5.47%
ROE, 3-year average5.79%
ROCE, 3-year average8.23%
ROA, 3-year average3.23%
ROE, 5-year average5.96%
ROCE, 5-year average7.81%
ROA, 5-year average3.09%
ROIC (approx.)10.25%
Tax rate25.74%
Other income / net worth5.16%
Growth
Sales growth (latest year)14.03%
Profit growth (latest year)135.24%
Sales CAGR, 3 years1.11%
Sales CAGR, 5 years8.57%
Profit CAGR, 3 years25.22%
Profit CAGR, 5 years17.65%
Sales growth QoQ-12.98%
Sales growth YoY (latest quarter)35.53%
Profit growth YoY (latest quarter)76.73%
Per share
EPS (TTM)Rs 5.95
EPS (latest year)Rs 5.92
EPS (latest quarter)Rs 5.13
EPS, 3-year averageRs 3.57
EPS, 5-year averageRs 3.47
Book value per shareRs 67.19
Sales per shareRs 441.73
Cash flow per shareRs 9.63
Free cash flow per shareRs 9.10
Efficiency
Asset turnover3.84x
Fixed asset turnover775.19x
Inventory turnover7.01x
Inventory days52 days
Debtor days32 days
Debtors turnover11.38x
Creditor days4 days
Cash conversion cycle81 days
Working capital days50 days
Leverage
Total debtRs 70 Cr
Cash and bankRs 3 Cr
Net debtRs 67 Cr
Debt to equity0.50x
Net debt / EBITDA2.31x
Interest coverage4.59x
Owners' fund to total sources61.99%
Debt to assets30.88%
Cash flow
Cash from Operating Activity (latest year)Rs 20 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -21 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 19 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years1.50x
Sales to cash flow43.17x
Statement figures
Net sales (TTM)Rs 922 Cr
Net sales (latest year)Rs 868 Cr
Sales (latest quarter)Rs 206 Cr
Operating profit excl. other income (latest year)Rs 16 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 29 Cr
PBDT (TTM)Rs 23 Cr
Profit before tax (TTM)Rs 22 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 12 Cr
Net profit (latest quarter)Rs 11 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 840 Cr
Total expenditure (latest year)Rs 852 Cr
Total income (latest year)Rs 875 Cr
Share capitalRs 21 Cr
ReservesRs 119 Cr
Shareholders' fundsRs 140 Cr
Total assetsRs 226 Cr
Net blockRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 76 Cr
InventoryRs 120 Cr
Other liabilitiesRs 16 Cr
Shares outstanding (crore)2.09
Ownership
Promoter holding60.11% (+8.08 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 6.5 is at the 42th percentile of its own 9.4-year range
(median 6.8, low 2.6, high 23.2).
P/B 0.57 is at the 86th percentile (median 0.45).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | SWARNSAR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.6% | -2.8% | -5.8 pts |
| 1 month | +10.4% | -6.8% | +17.2 pts |
| 3 years | +23.4% | +14.2% | +9.2 pts |
| 5 years | +126.1% | +27.9% | +98.2 pts |
Red flags
F-score 7 of 8| look | Profit leans on other income Other income was 44% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹206 Cr +35.5% vs Jun 2025.
Net profit ₹11 Cr +83.3%.
Against our estimate for Jun 2026: sales +8.6%, profit +223.2% big beat. Our estimate for Sep 2026: sales Rs 374 Cr, profit Rs 7 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Titan Company Ltd | 415,040 | 71.1 | 20.5 % |
| Kalyan Jewellers India Ltd | 58,748 | 40.2 | 21.2 % |
| Lalithaa Jewellery Mart Ltd | 20,989 | 22.0 | 38.0 % |
| Thangamayil Jewellery Ltd | 16,177 | 41.2 | 25.5 % |
| PC Jeweller Ltd | 12,976 | 16.7 | 9.60 % |
| Sky Gold & Diamonds Ltd | 12,713 | 38.0 | 27.0 % |
| Bluestone Jewellery & Lifestyle Ltd | 12,315 | 219 | 6.78 % |
| P N Gadgil Jewellers Ltd | 8,612 | 19.2 | 21.0 % |
| Timex Group India Ltd | 7,360 | 82.5 | 82.8 % |
| Ethos Ltd | 6,662 | 63.1 | 10.4 % |
| Senco Gold Ltd | 5,363 | 9.40 | 21.2 % |
| Goldiam International Ltd | 4,861 | 23.0 | 25.8 % |
| KDDL Ltd | 4,836 | 49.3 | 11.7 % |
| Tribhovandas Bhimji Zaveri Ltd | 4,184 | 19.6 | 21.9 % |
| D.P. Abhushan Ltd | 3,796 | 15.8 | 39.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days
Quick answers
What is the market cap of Swarnsarita Jewels India Ltd?
Swarnsarita Jewels India Ltd (SWARNSAR) has a market capitalisation of Rs 87.7 Cr. at the 2026-10-01 close.
What is the P/E ratio of Swarnsarita Jewels India Ltd?
Swarnsarita Jewels India Ltd trades at a P/E of 7.06 on trailing twelve-month profit, at the 2026-10-01 close.
What were Swarnsarita Jewels India Ltd's latest quarterly results?
In the Jun 2026 quarter, Swarnsarita Jewels India Ltd sales was Rs 206 Cr (+35.5% vs Jun 2025) and net profit was Rs 11 Cr.
What is the 52-week high and low of Swarnsarita Jewels India Ltd?
The 52-week high is Rs 45.70 and the 52-week low is Rs 32.00.