Swarnsarita Jewels India Ltd
Incorporated in 2005, Swarnsarita Jewels India Ltd is a manufacturer, wholesaler and retailer of Gold and Diamond Jewelry
- Market Cap ₹ 67.5 Cr.
- Current Price ₹ 32.3
- High / Low ₹ 48.3 / 23.6
- Stock P/E 6.03
- Book Value ₹ 68.6
- Dividend Yield 0.00 %
- ROCE 7.40 %
- ROE 4.49 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.47 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 6.37% over past five years.
- Company has a low return on equity of 4.64% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged or encumbered 57.7% of their holding.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 170 | 240 | 322 | 287 | 486 | 549 | 559 | 576 | 841 | 840 | 770 | 761 | 790 | |
| 168 | 236 | 317 | 281 | 480 | 542 | 553 | 565 | 831 | 827 | 756 | 745 | 768 | |
| Operating Profit | 2 | 5 | 5 | 5 | 7 | 6 | 6 | 11 | 10 | 13 | 14 | 16 | 22 |
| OPM % | 1% | 2% | 1% | 2% | 1% | 1% | 1% | 2% | 1% | 2% | 2% | 2% | 3% |
| 2 | 4 | 5 | 4 | 4 | 6 | 7 | 4 | 7 | 3 | 2 | 1 | 1 | |
| Interest | 1 | 3 | 5 | 4 | 4 | 5 | 5 | 6 | 7 | 8 | 9 | 7 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 5 | 4 | 4 | 6 | 7 | 7 | 8 | 10 | 8 | 7 | 9 | 17 |
| Tax % | 20% | 32% | 31% | 31% | 33% | 33% | 34% | 31% | 27% | 25% | 27% | 42% | |
| 2 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 8 | 6 | 5 | 5 | 11 | |
| EPS in Rs | 1.00 | 1.54 | 1.29 | 1.38 | 2.08 | 2.29 | 2.17 | 2.62 | 3.59 | 3.01 | 2.29 | 2.54 | 5.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 6% |
| 3 Years: | -3% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | -10% |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 33% |
| 3 Years: | 2% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 5% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 55 | 58 | 61 | 64 | 68 | 73 | 77 | 83 | 91 | 97 | 102 | 107 | 122 |
| 15 | 48 | 75 | 79 | 105 | 131 | 101 | 117 | 126 | 121 | 108 | 86 | 80 | |
| 30 | 8 | 12 | 7 | 11 | 9 | 9 | 5 | 6 | 9 | 11 | 11 | 12 | |
| Total Liabilities | 121 | 135 | 169 | 171 | 205 | 234 | 208 | 226 | 244 | 248 | 241 | 225 | 236 |
| 0 | 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 | 0 |
| Investments | 1 | 1 | 6 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 120 | 134 | 161 | 166 | 204 | 232 | 205 | 220 | 239 | 243 | 234 | 224 | 235 | |
| Total Assets | 121 | 135 | 169 | 171 | 205 | 234 | 208 | 226 | 244 | 248 | 241 | 225 | 236 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -13 | -29 | 1 | -17 | -2 | -26 | 13 | 6 | 8 | 9 | 5 | 12 | |
| 1 | 2 | -4 | 5 | 5 | 2 | 1 | -1 | 2 | 1 | -1 | 5 | |
| 16 | 37 | 21 | 0 | 22 | 20 | -35 | 7 | 2 | -13 | -22 | -28 | |
| Net Cash Flow | 3 | 10 | 18 | -12 | 25 | -4 | -21 | 13 | 12 | -3 | -18 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 57 | 54 | 56 | 40 | 42 | 45 | 57 | 37 | 33 | 42 | 42 |
| Inventory Days | 95 | 86 | 79 | 116 | 68 | 77 | 69 | 57 | 43 | 49 | 54 | 54 |
| Days Payable | 65 | 8 | 11 | 5 | 2 | 3 | 2 | 1 | 1 | 3 | 3 | 3 |
| Cash Conversion Cycle | 127 | 135 | 121 | 167 | 106 | 117 | 113 | 112 | 79 | 79 | 92 | 94 |
| Working Capital Days | 151 | 97 | 44 | 72 | 26 | 27 | 43 | 37 | 32 | 35 | 44 | 52 |
| ROCE % | 5% | 7% | 7% | 5% | 6% | 6% | 6% | 7% | 8% | 7% | 6% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Newspaper cutting of advertisement regarding Financial Results Qtr. / Half year ended on Sep. 2025
- Results As On Sep., 2025 Quarter For FY 25-26 14 Nov
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Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. 14Th Nov. 2025
14 Nov - Unaudited standalone & consolidated Q2/H1 FY26 results for period ended Sep 30, 2025; limited review approved; amended related-party policy.
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Board Meeting Intimation for The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2025
8 Nov - Board meeting Nov 14, 2025 to approve Q2/H1 unaudited results; trading window closed.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1 Oct - Re-appointment of MD Mahendra Chordia from 01.04.2026–31.03.2031; Sunny Chordia appointed director; secretarial auditor appointed.
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]
Company is involved in the business of Export & Import and Manufacturing & Trading of Polished Diamonds, Gems & Jewelry