Swarnsarita Jewels India Ltd

₹ 31.5 0.70%

23 Jul 11:38 a.m.

About

Incorporated in 2005, Swarnsarita Jewels India Ltd manufactures & exports gold and diamond jewellery.^[1]

Key Points

Business Overview:^[1]^[2]
a) SJIL is a part of Chordia family of Mumbai.
b) It was formed as a result of the takeover of a profit-making company, Shyam Star Gems Ltd.
c) It is a manufacturer, trader, and wholesaler of Antique Jewellery, high-end Gold Jewellery, and Diamond Jewellery with customers across India and abroad.
d) The company has a wholly owned subsidiary, viz. Swarnsarita Trading Private Limited (STPL), which trades in diamond jewellery.

Website BSE

Market Cap ₹ 65.8 Cr.
Current Price ₹ 31.5
High / Low ₹ 40.5 / 28.3
Stock P/E 5.42
Book Value ₹ 67.2
Dividend Yield 0.00 %
ROCE 10.6 %
ROE 9.05 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.47 times its book value
Promoter holding has increased by 8.08% over last quarter.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 8.57% over past five years.
Company has a low return on equity of 5.94% over last 3 years.
Company might be capitalizing the interest cost
Promoters have pledged 49.9% of their holding.
Earnings include an other income of Rs.7.24 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.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	151.83	194.31	200.46	203.68	171.25	155.10	229.74	218.65	157.87	151.94	261.78	217.84	236.65
	145.66	184.86	200.13	201.08	169.66	144.97	227.17	213.50	160.46	142.37	251.76	214.03	244.31
Operating Profit	6.17	9.45	0.33	2.60	1.59	10.13	2.57	5.15	-2.59	9.57	10.02	3.81	-7.66
OPM %	4.06%	4.86%	0.16%	1.28%	0.93%	6.53%	1.12%	2.36%	-1.64%	6.30%	3.83%	1.75%	-3.24%
	0.19	0.13	0.70	0.29	0.46	0.06	0.32	0.29	0.38	0.11	0.47	-0.34	7.00
Interest	1.97	2.07	2.36	2.54	1.63	1.77	1.82	1.95	1.31	1.42	1.35	1.24	2.03
Depreciation	0.09	0.07	0.07	0.08	0.09	0.09	0.10	0.10	0.10	0.07	0.07	0.08	0.09
Profit before tax	4.30	7.44	-1.40	0.27	0.33	8.33	0.97	3.39	-3.62	8.19	9.07	2.15	-2.78
Tax %	16.28%	25.00%	-25.00%	25.93%	75.76%	24.97%	24.74%	32.45%	9.67%	26.01%	24.70%	22.33%	144.24%
	3.60	5.58	-1.05	0.20	0.07	6.25	0.73	2.29	-3.97	6.06	6.82	1.67	-6.78
EPS in Rs	1.72	2.67	-0.50	0.10	0.03	2.99	0.35	1.10	-1.90	2.90	3.27	0.80	-3.25
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	322	287	486	549	559	576	841	840	770	761	868
	236	317	281	480	542	553	565	831	827	756	745	852
Operating Profit	5	5	5	7	6	6	11	10	13	14	16	16
OPM %	2%	1%	2%	1%	1%	1%	2%	1%	2%	2%	2%	2%
	4	5	4	4	6	7	4	7	3	2	1	7
Interest	3	5	4	4	5	5	6	7	8	9	7	6
Depreciation	0	0	0	0	0	1	0	0	0	0	0	0
Profit before tax	5	4	4	6	7	7	8	10	8	7	9	17
Tax %	32%	31%	31%	33%	33%	34%	31%	27%	25%	27%	42%	27%
	3	3	3	4	5	5	5	8	6	5	5	12
EPS in Rs	1.54	1.29	1.38	2.08	2.29	2.17	2.62	3.59	3.01	2.29	2.54	5.82
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	10%
5 Years:	9%
3 Years:	1%
TTM:	14%

Compounded Profit Growth
10 Years:	16%
5 Years:	17%
3 Years:	25%
TTM:	116%

Stock Price CAGR
10 Years:	3%
5 Years:	11%
3 Years:	13%
1 Year:	-10%

Return on Equity
10 Years:	6%
5 Years:	6%
3 Years:	6%
Last Year:	9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
	48	75	79	105	131	101	117	126	121	108	86	71
	8	12	7	11	9	9	5	6	9	11	11	15
Total Liabilities	135	169	171	205	234	208	226	244	248	241	225	226
	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
	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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	1	-17	-2	-26	13	6	8	9	5	12	13
	2	-4	5	5	2	1	-1	2	1	-1	5	-1
	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	-9
Free Cash Flow	-30	-1	-17	-2	-27	11	3	8	8	3	16	13
CFO/OP	-609%	41%	-296%	2%	-377%	245%	84%	104%	92%	53%	83%	112%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	51
ROCE %	7%	7%	5%	6%	6%	6%	7%	8%	7%	6%	7%	11%

Insights

In beta

Mar 2015

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FOB value of exports
Rs. Lakhs ・Standalone data

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Number of branches
count ・Standalone data

Number of permanent employees
count ・Standalone data

Subsidiary (STPL) revenue
Rs. Lakhs ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	52.03%	60.11%
	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
	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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	42.96%	44.82%	44.82%	49.55%	50.19%	50.19%	52.03%	52.03%	52.03%	52.03%	60.11%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.03%	0.03%
	57.04%	55.18%	55.18%	50.45%	49.81%	49.81%	47.97%	47.97%	47.95%	47.94%	39.86%
No. of Shareholders	8,408	6,563	6,199	6,111	6,120	7,592	7,573	8,374	9,384	8,938	8,816

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Swarnsarita Jewels India Ltd

Swarnsarita Jewels India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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