Saraswati Commercial (India) Ltd
Incorporated in 1983, Saraswati Commercial (India) Ltd deals in shares and securities & lending[1]
- Market Cap ₹ 1,081 Cr.
- Current Price ₹ 9,864
- High / Low ₹ 17,890 / 8,650
- Stock P/E 12.6
- Book Value ₹ 9,785
- Dividend Yield 0.00 %
- ROCE 8.20 %
- ROE 6.42 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.01 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.22% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Non Banking Financial Company (NBFC)
Part of BSE Allcap BSE Financial Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 | 11 | 16 | 9 | 1 | 28 | 87 | 24 | 128 | 75 | 111 | |
| Interest | 4 | 3 | 0 | 0 | 0 | 2 | 1 | 2 | 2 | 2 | 3 |
| 1 | 3 | 2 | 2 | 14 | 2 | 2 | 3 | 3 | 5 | 5 | |
| Financing Profit | 14 | 5 | 14 | 8 | -13 | 25 | 84 | 19 | 123 | 69 | 103 |
| Financing Margin % | 72% | 48% | 84% | 81% | -959% | 89% | 96% | 80% | 96% | 91% | 92% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 14 | 5 | 14 | 8 | -13 | 25 | 84 | 19 | 123 | 69 | 103 |
| Tax % | 0% | -2% | -17% | 10% | -26% | 14% | 22% | 39% | 16% | 22% | |
| 14 | 5 | 16 | 7 | -10 | 21 | 65 | 12 | 104 | 53 | 86 | |
| EPS in Rs | 159.46 | 67.44 | -96.01 | 213.11 | 630.35 | 113.51 | 1,008.84 | 487.45 | 781.82 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 123% |
| 3 Years: | -5% |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | -6% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 56% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 9% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1,071 |
| Borrowing | 42 | 8 | 32 | 0 | 10 | 5 | 28 | 22 | 0 | 43 | 54 |
| 5 | 9 | 1 | 1 | 1 | 15 | 34 | 30 | 73 | 98 | 116 | |
| Total Liabilities | 82 | 133 | 162 | 137 | 168 | 299 | 488 | 490 | 770 | 1,109 | 1,242 |
| 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 | 1,063 |
| 32 | 36 | 42 | 20 | 31 | 7 | 14 | 2 | 8 | 25 | 179 | |
| Total Assets | 82 | 133 | 162 | 137 | 168 | 299 | 488 | 490 | 770 | 1,109 | 1,242 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -16 | -23 | -6 | -16 | -18 | -5 | 50 | 27 | 33 | 9 | |
| 20 | 27 | 8 | 16 | 16 | 4 | -81 | -22 | -7 | -108 | |
| -4 | -3 | -3 | -0 | 9 | -7 | 33 | -7 | -24 | 120 | |
| Net Cash Flow | 0 | 2 | -1 | -0 | 7 | -7 | 2 | -2 | 2 | 20 |
| Free Cash Flow | -16 | -23 | -6 | -16 | -18 | -5 | 50 | 27 | 33 | 9 |
| CFO/OP | -80% | -283% | -35% | -195% | 136% | -19% | 68% | 185% | 36% | 33% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 39% | 7% | 13% | 5% | -7% | 10% | 18% | 3% | 18% | 6% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital to Risk Weighted Assets Ratio (CRAR) Percentage ・Standalone data |
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| Employee Strength Count ・Standalone data |
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| Investment Portfolio (Standalone) INR Lakhs ・Standalone data |
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| Loan Portfolio (Standalone) INR Lakhs ・Standalone data |
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| Total Assets (Standalone) INR Lakhs ・Standalone data |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Publication regarding special window for transfer and dematerialisation of physical securities of Saraswati Commercial (India) Limited.
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Closure of Trading Window
25 Mar - Trading window closed from April 01, 2026 until 48 hours after audited Q4/FY2026 results declaration.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
19 Mar - 587,212 Airtel shares converted to fully paid at Rs.401.25/share; Rs.23.56 crore paid; 18-19 Mar 2026.
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Announcement under Regulation 30 (LODR)-Acquisition
13 Mar - ASBA blocked Rs.23.56 crore for 5,87,212 Airtel shares at Rs.401.25 each (13-Mar-2026).
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Newspaper Publication of Financial Results for the quarter and nine months ended 31st December, 2025 of Saraswati Commercial (India) Limited.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2][3]
SCIL is a Systemically Important Non
deposit-taking Non-Banking Financial
Company registered with RBI under the category of Investment and Credit Company.
It is in the business of investment in shares
and securities and lending activities. Company is identified for categorization as NBFC -Middle Layer under Scale Based Regulation, as the asset size of the company together with other NBFCs in a group is 1000+ crores.