Swarnsarita Jewels India Ltd
Incorporated in 2005, Swarnsarita Jewels India Ltd is a manufacturer, wholesaler and retailer of Gold and Diamond Jewelry
- Market Cap ₹ 67.9 Cr.
- Current Price ₹ 32.5
- High / Low ₹ 40.5 / 28.6
- Stock P/E 5.84
- Book Value ₹ 68.2
- Dividend Yield 0.00 %
- ROCE 9.96 %
- ROE 8.52 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.48 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 6.42% over past five years.
- Company has a low return on equity of 6.34% over last 3 years.
- Promoters have pledged 57.7% of their holding.
- Earnings include an other income of Rs.10.8 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 240 | 321 | 286 | 485 | 548 | 559 | 575 | 840 | 848 | 681 | 674 | 785 | |
| 235 | 317 | 281 | 479 | 542 | 552 | 565 | 831 | 837 | 670 | 661 | 774 | |
| Operating Profit | 5 | 4 | 5 | 6 | 6 | 7 | 11 | 10 | 11 | 11 | 13 | 11 |
| OPM % | 2% | 1% | 2% | 1% | 1% | 1% | 2% | 1% | 1% | 2% | 2% | 1% |
| 3 | 4 | 4 | 5 | 6 | 7 | 4 | 8 | 4 | 5 | 5 | 11 | |
| Interest | 3 | 4 | 4 | 4 | 5 | 6 | 6 | 7 | 8 | 9 | 7 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 4 | 4 | 6 | 7 | 8 | 8 | 11 | 7 | 7 | 11 | 16 |
| Tax % | 32% | 31% | 31% | 33% | 33% | 31% | 29% | 25% | 25% | 26% | 34% | 27% |
| 3 | 3 | 3 | 4 | 5 | 5 | 6 | 8 | 5 | 5 | 7 | 12 | |
| EPS in Rs | 1.48 | 1.28 | 1.37 | 2.06 | 2.26 | 2.54 | 2.88 | 3.87 | 2.44 | 2.44 | 3.49 | 5.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 6% |
| 3 Years: | -3% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 14% |
| 3 Years: | 32% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 19% |
| 3 Years: | 21% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 6% |
| 3 Years: | 6% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 78 | 84 | 92 | 97 | 103 | 110 | 121 |
| 48 | 75 | 79 | 105 | 131 | 101 | 117 | 126 | 117 | 100 | 85 | 71 | |
| 8 | 11 | 7 | 10 | 8 | 8 | 4 | 6 | 3 | 2 | 3 | 12 | |
| Total Liabilities | 135 | 168 | 170 | 204 | 233 | 208 | 226 | 245 | 239 | 226 | 220 | 225 |
| 0 | 2 | 2 | 1 | 2 | 3 | 5 | 5 | 5 | 6 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11 | 16 | 13 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 124 | 150 | 156 | 193 | 221 | 195 | 211 | 230 | 224 | 209 | 209 | 213 | |
| Total Assets | 135 | 168 | 170 | 204 | 233 | 208 | 226 | 245 | 239 | 226 | 220 | 225 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -29 | 0 | -17 | 6 | -27 | 13 | 5 | 7 | 12 | 5 | 0 | 8 | |
| 2 | -4 | 5 | 5 | 2 | 1 | -2 | 3 | 2 | 2 | 10 | 3 | |
| 37 | 22 | 0 | -4 | 20 | -35 | 9 | 2 | -17 | -25 | -21 | -20 | |
| Net Cash Flow | 10 | 18 | -12 | 8 | -4 | -21 | 13 | 12 | -3 | -18 | -11 | -9 |
| Free Cash Flow | -29 | -1 | -18 | 6 | -27 | 11 | 1 | 7 | 11 | 3 | 5 | 7 |
| CFO/OP | -595% | 33% | -332% | 140% | -416% | 222% | 70% | 102% | 138% | 68% | 12% | 114% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 39 | 42 | 45 | 57 | 37 | 40 | 30 | 29 | 28 |
| Inventory Days | 82 | 66 | 101 | 60 | 70 | 62 | 50 | 38 | 33 | 42 | 43 | 52 |
| Days Payable | 8 | 11 | 5 | 2 | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 3 |
| Cash Conversion Cycle | 130 | 109 | 152 | 98 | 110 | 106 | 106 | 74 | 72 | 71 | 73 | 77 |
| Working Capital Days | 82 | 20 | 44 | 11 | 27 | 44 | 37 | 32 | 35 | 50 | 60 | 60 |
| ROCE % | 7% | 6% | 5% | 6% | 6% | 6% | 7% | 8% | 6% | 7% | 8% | 10% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtors Turnover Ratio Times |
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| Export Share in Revenue % |
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| Number of Active Branches/Offices Number |
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| Number of Manufacturing/Production Units Number |
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| Revenue Contribution from Gold Jewellery segment % |
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| Volume Decline (Year-on-Year) % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jun
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Results - March 31, 2026
30 May - FY26 audited standalone and consolidated results approved; unmodified audit opinion, internal auditor appointed, loan policy revised.
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Board Meeting Outcome for Outcome Of Board Meeting
30 May - Board approved audited results for quarter/year ended 31 Mar 2026; auditors issued unmodified opinion.
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Announcement under Regulation 30 (LODR)-Cessation
28 May - Mr. Dhruvin Bharat Shah completed his Independent Director term on May 27, 2026 and ceased committee roles.
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Board Meeting Outcome for Change In Management - Appointment Of Independent Director - Mr. Jash Amit Adani
28 May - Board appointed Jash Amit Adani as independent director on 28 May 2026 and reconstituted committees.
Annual reports
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Financial Year 2025
from bse
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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
from bse
Business Overview:[1]
Company is involved in the business of Export & Import and Manufacturing & Trading of Polished Diamonds, Gems & Jewelry