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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 40 | 30 | 68 | 78 | -45 | -26 | 31 | 73 | 33 | -16 | 76 |
| Interest | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Expenses | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | 1 |
| Financing Profit | 28 | 39 | 29 | 67 | 77 | -46 | -28 | 29 | 72 | 30 | -19 | 74 |
| Financing Margin % | 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 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 28 | 39 | 29 | 67 | 77 | -46 | -28 | 29 | 72 | 30 | -19 | 74 |
| Tax % | 14% | 14% | 22% | 22% | 17% | -15% | -19% | 19% | 16% | 18% | -13% | 15% |
| Net Profit | 24 | 33 | 22 | 52 | 63 | -39 | -23 | 24 | 60 | 25 | -16 | 64 |
| EPS in Rs | 231.09 | 323.53 | 217.21 | 509.27 | 614.91 | -382.56 | -209.42 | 215.17 | 550.23 | 225.84 | -148.83 | 579.98 |
| Gross NPA % | ||||||||||||
| Net NPA % |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 11 | 16 | 9 | 1 | 28 | 87 | 24 | 128 | 75 | 121 | 165 |
| Interest | 4 | 3 | 0 | 0 | 0 | 2 | 1 | 2 | 2 | 2 | 3 | 2 |
| Expenses | 1 | 3 | 2 | 2 | 14 | 2 | 2 | 3 | 3 | 5 | 6 | 5 |
| Financing Profit | 14 | 5 | 14 | 8 | -13 | 25 | 84 | 19 | 123 | 69 | 112 | 158 |
| Financing Margin % | 72% | 48% | 84% | 81% | -959% | 89% | 96% | 80% | 96% | 91% | 93% | 95% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 14 | 5 | 14 | 8 | -13 | 25 | 84 | 19 | 123 | 69 | 112 | 158 |
| Tax % | 0% | -2% | -17% | 10% | -26% | 14% | 22% | 39% | 16% | 22% | 18% | |
| Net Profit | 14 | 5 | 16 | 7 | -10 | 21 | 65 | 12 | 104 | 53 | 92 | 132 |
| EPS in Rs | 159.46 | 67.44 | -96.01 | 213.11 | 630.35 | 113.51 | 1,008.84 | 487.45 | 842.32 | 1,207.22 | ||
| 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 | 20% | 34% | 71% | 326% | ||
| Compounded Profit Growth | 21% | 34% | 99% | 439% | ||
| Stock Price CAGR | % | 39% | 55% | -18% | ||
| Return on Equity | 9% | 10% | 10% | 9% |
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 35 | 115 | 128 | 135 | 156 | 278 | 426 | 437 | 696 | 966 | 1,100 |
| Borrowing | 42 | 8 | 32 | 0 | 10 | 5 | 28 | 22 | 0 | 43 | 0 |
| Other Liabilities | 5 | 9 | 1 | 1 | 1 | 15 | 34 | 30 | 73 | 98 | 117 |
| Total Liabilities | 82 | 133 | 162 | 137 | 168 | 299 | 488 | 490 | 770 | 1,109 | 1,218 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 51 | 97 | 119 | 117 | 137 | 292 | 474 | 489 | 762 | 1,084 | 1,097 |
| Other Assets | 32 | 36 | 42 | 20 | 31 | 7 | 14 | 2 | 8 | 25 | 121 |
| Total Assets | 82 | 133 | 162 | 137 | 168 | 299 | 488 | 490 | 770 | 1,109 | 1,218 |
| 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 | -16 | -23 | -6 | -16 | -18 | -5 | 50 | 27 | 33 | 9 | -114 |
| Cash from Investing Activity | 20 | 27 | 8 | 16 | 16 | 4 | -81 | -22 | -7 | -108 | 139 |
| Cash from Financing Activity | -4 | -3 | -3 | -0 | 9 | -7 | 33 | -7 | -24 | 120 | -45 |
| Net Cash Flow | 0 | 2 | -1 | -0 | 7 | -7 | 2 | -2 | 2 | 20 | -21 |
| Free Cash Flow | -16 | -23 | -6 | -16 | -18 | -5 | 50 | 27 | 33 | 9 | -114 |
| CFO/OP | -80% | -283% | -35% | -195% | 136% | -19% | 68% | 185% | 36% | 33% | -86% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 39% | 7% | 13% | 5% | -7% | 10% | 18% | 3% | 18% | 6% | 9% |
| 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 | 72.33% | 72.33% | 72.33% | 72.33% | 72.33% | 72.33% | 73.99% | 73.99% | 73.99% | 73.99% | 74.88% | 74.88% |
| Public | 27.68% | 27.68% | 27.67% | 27.68% | 27.68% | 27.69% | 26.01% | 26.01% | 26.01% | 26.01% | 25.12% | 25.12% |
| No. of Shareholders | 1,780 | 1,765 | 1,999 | 1,970 | 2,936 | 3,106 | 3,175 | 3,130 | 3,161 | 2,968 | 2,905 | 2,826 |
Fundamentals
Market Cap₹ 1,128 Cr.
Current Price₹ 10,233
Stock P/E8.53
Book Value₹ 10,050
ROCE10.9 %
ROE8.92 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)326%
Compounded Profit Growth (TTM)439%
Consolidated figures.
Valuation
Market capRs 1,104 Cr
Enterprise valueRs 1,102 Cr
P/E (TTM)8.35x
Price to book1.00x
Price to sales6.69x
EV / EBITDA6.87x
EV / EBIT6.87x
EV / sales6.68x
Earnings yield11.98%
P/E, 3-year average14.97x
P/B, 3-year average1.09x
P/E, 5-year average14.19x
P/B, 5-year average0.87x
Profitability
Operating margin (excl. other income)95.35%
Operating margin (incl. other income)95.35%
EBITDA margin97.25%
Pre-tax margin95.43%
Net profit margin80.15%
Net margin, latest quarter84.10%
ROE8.92%
ROCE10.92%
ROA7.93%
ROE, 3-year average11.21%
ROCE, 3-year average13.60%
ROA, 3-year average10.03%
ROE, 5-year average10.95%
ROCE, 5-year average13.65%
ROA, 5-year average9.80%
ROIC (approx.)12.00%
Tax rate17.81%
Growth
Sales growth (latest year)60.32%
Profit growth (latest year)72.80%
Sales CAGR, 3 years71.40%
Sales CAGR, 5 years33.97%
Profit CAGR, 3 years99.13%
Profit CAGR, 5 years34.05%
Sales growth QoQ-558.62%
Sales growth YoY (latest quarter)140.17%
Profit growth YoY (latest quarter)169.55%
Per share
EPS (TTM)Rs 1,200.21
EPS (latest quarter)Rs 576.61
EPS, 3-year averageRs 748.12
EPS, 5-year averageRs 560.02
Book value per shareRs 9,992.05
Sales per shareRs 1,497.50
Cash flow per shareRs -1,035.74
Free cash flow per shareRs -1,034.20
Efficiency
Asset turnover0.10x
Fixed asset turnover2419.20x
Debtor days7 days
Debtors turnover55.74x
Leverage
Total debtRs 0 Cr
Cash and bankRs 2 Cr
Net debtRs -2 Cr
Debt to equity0.00x
Net debt / EBITDA-0.01x
Interest coverage53.68x
Owners' fund to total sources90.42%
Debt to assets0.01%
Cash flow
Cash from Operating Activity (latest year)Rs -114 Cr
Cash from Investing Activity (latest year)Rs 139 Cr
Cash from Financing Activity (latest year)Rs -45 Cr
Net Cash Flow (latest year)Rs -21 Cr
Free cash flow (latest year)Rs -114 Cr
FCFE (approx.: FCF + change in debt)Rs -157 Cr
Cash from ops / profit, 5 years0.02x
Statement figures
Net sales (TTM)Rs 165 Cr
Net sales (latest year)Rs 121 Cr
Sales (latest quarter)Rs 76 Cr
Operating profit excl. other income (latest year)Rs 115 Cr
Operating profit (latest quarter)Rs 74 Cr
EBITDA (TTM)Rs 161 Cr
PBDT (TTM)Rs 158 Cr
Profit before tax (TTM)Rs 158 Cr
Tax (latest year)Rs 20 Cr
Net profit (TTM)Rs 132 Cr
Net profit (latest year)Rs 92 Cr
Net profit (latest quarter)Rs 64 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 6 Cr
Total income (latest year)Rs 121 Cr
Share capitalRs 1 Cr
ReservesRs 1,100 Cr
Shareholders' fundsRs 1,101 Cr
Total assetsRs 1,218 Cr
Net blockRs 0 Cr
InvestmentsRs 1,097 Cr
ReceivablesRs 2 Cr
Other liabilitiesRs 117 Cr
Shares outstanding (crore)0.11
Ownership
Promoter holding74.88% (+0.89 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | ZSARACOM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.7% | -2.8% | +3.5 pts |
| 1 month | -6.4% | -6.8% | +0.4 pts |
| 3 months | +3.5% | -7.6% | +11.2 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -29% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 17% of total assets 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 2026Revenue ₹76 Cr +145.2% vs Jun 2025.
Net profit ₹64 Cr +166.7%.
Against our estimate for Jun 2026: sales +145.2%, profit +158.7% beat. Our estimate for Sep 2026: sales Rs 117 Cr, profit Rs 97 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bajaj Finance Ltd | 606,283 | 29.6 | 10.9 % |
| Shriram Finance Ltd | 228,598 | 20.2 | 11.5 % |
| Tata Capital Ltd | 140,654 | 25.9 | 8.58 % |
| Cholamandalam Investment & Finance Company Ltd | 139,031 | 24.2 | 9.71 % |
| Muthoot Finance Ltd | 109,874 | 9.66 | 15.8 % |
| L&T Finance Ltd | 67,935 | 21.2 | 8.40 % |
| SBI Cards & Payment Services Ltd | 55,290 | 24.3 | 10.1 % |
| HDB Financial Services Ltd | 52,415 | 19.0 | 9.09 % |
| Sundaram Finance Ltd | 48,161 | 21.2 | 9.44 % |
| Authum Investment & Infrastructure Ltd | 46,011 | 22.0 | 13.6 % |
| Mahindra & Mahindra Financial Services Ltd | 45,035 | 13.5 | 8.72 % |
| Poonawalla Fincorp Ltd | 39,011 | 49.6 | 7.51 % |
| Manappuram Finance Ltd | 29,725 | 20.5 | 8.25 % |
| IIFL Finance Ltd | 25,929 | 12.3 | 10.9 % |
| Capri Global Capital Ltd | 23,756 | 21.1 | 11.7 % |
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 Saraswati Commercial (India) Ltd?
Saraswati Commercial (India) Ltd (ZSARACOM) has a market capitalisation of Rs 1,128 Cr. at the 2026-10-01 close.
What is the P/E ratio of Saraswati Commercial (India) Ltd?
Saraswati Commercial (India) Ltd trades at a P/E of 8.53 on trailing twelve-month profit, at the 2026-10-01 close.
What were Saraswati Commercial (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Saraswati Commercial (India) Ltd revenue was Rs 76 Cr (+145.2% vs Jun 2025) and net profit was Rs 64 Cr.
What is the 52-week high and low of Saraswati Commercial (India) Ltd?
The 52-week high is Rs 14,400.00 and the 52-week low is Rs 9,000.00.