Senco Gold Ltd
Incorporated in 1994, Senco Gold Limited is a Pan-India jewelry retailer and is the largest organized jewelry retail player in the Eastern region of India based on the number of stores[1]
- Market Cap ₹ 5,448 Cr.
- Current Price ₹ 333
- High / Low ₹ 496 / 227
- Stock P/E 21.6
- Book Value ₹ 130
- Dividend Yield 0.30 %
- ROCE 10.4 %
- ROE 9.83 %
- Face Value ₹ 5.00
Pros
Cons
- Stock is trading at 2.56 times its book value
- Company might be capitalizing the interest cost
- Dividend payout has been low at 7.78% of profits over last 3 years
- Working capital days have increased from 46.8 days to 67.2 days
* 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 2,215 | 2,484 | 2,420 | 2,660 | 3,535 | 4,076 | 5,230 | 6,259 | 6,764 | |
| 2,075 | 2,318 | 2,197 | 2,479 | 3,247 | 3,746 | 4,835 | 5,875 | 6,269 | |
| Operating Profit | 140 | 166 | 223 | 182 | 287 | 330 | 394 | 384 | 495 |
| OPM % | 6% | 7% | 9% | 7% | 8% | 8% | 8% | 6% | 7% |
| 28 | 9 | 9 | 15 | 13 | 32 | 43 | 55 | 62 | |
| Interest | 37 | 43 | 63 | 73 | 80 | 98 | 121 | 148 | 159 |
| Depreciation | 19 | 16 | 37 | 40 | 42 | 45 | 59 | 66 | 65 |
| Profit before tax | 112 | 116 | 132 | 84 | 178 | 219 | 257 | 224 | 334 |
| Tax % | 35% | 36% | 31% | 26% | 27% | 26% | 27% | 26% | |
| 72 | 75 | 91 | 62 | 130 | 161 | 189 | 165 | 252 | |
| EPS in Rs | 20.38 | 7.02 | 8.55 | 5.78 | 12.23 | 14.41 | 12.15 | 10.10 | 15.37 |
| Dividend Payout % | 0% | 0% | 0% | 13% | 4% | 5% | 8% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 21% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 8% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 66 | 53 | 53 | 53 | 56 | 78 | 82 | 82 |
| Reserves | 376 | 403 | 485 | 549 | 674 | 880 | 1,299 | 1,902 | 2,044 |
| 588 | 563 | 589 | 680 | 1,026 | 1,402 | 1,756 | 2,046 | 2,408 | |
| 191 | 145 | 395 | 277 | 348 | 565 | 582 | 706 | 1,291 | |
| Total Liabilities | 1,173 | 1,177 | 1,522 | 1,559 | 2,101 | 2,903 | 3,715 | 4,736 | 5,824 |
| 86 | 81 | 202 | 212 | 219 | 276 | 354 | 388 | 397 | |
| CWIP | 4 | 5 | 4 | 2 | 7 | 13 | 0 | 1 | 2 |
| Investments | 0 | 0 | 0 | 2 | 2 | 4 | 13 | 32 | 32 |
| 1,082 | 1,091 | 1,316 | 1,343 | 1,873 | 2,610 | 3,348 | 4,315 | 5,395 | |
| Total Assets | 1,173 | 1,177 | 1,522 | 1,559 | 2,101 | 2,903 | 3,715 | 4,736 | 5,824 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -48 | 48 | 182 | -72 | -79 | -19 | -206 | ||
| -35 | -56 | -56 | -156 | -199 | -123 | -45 | ||
| 113 | -59 | -122 | 231 | 276 | 150 | 264 | ||
| Net Cash Flow | 30 | -66 | 3 | 3 | -2 | 8 | 13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 7 | 3 | 4 | 4 | 4 | 4 | 4 | 6 |
| Inventory Days | 161 | 150 | 199 | 166 | 170 | 200 | 201 | 220 |
| Days Payable | 12 | 10 | 23 | 10 | 14 | 17 | 16 | 10 |
| Cash Conversion Cycle | 156 | 143 | 180 | 160 | 160 | 188 | 189 | 217 |
| Working Capital Days | 118 | 32 | 49 | 44 | 31 | 29 | 44 | 67 |
| ROCE % | 16% | 18% | 13% | 17% | 15% | 14% | 10% |
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended December 31, 2025 And Declaration Of Interim Dividend, If Any, For The Financial Year 2025-26.
2d - Board meeting 12 Feb 2026 to approve Q3/9M FY26 unaudited results; may declare interim dividend; trading window closed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Jan - Disclosure w.r.t. the schedule of Investors and Analyst meet.
-
Intimation Of Opening Of New Franchisee Store
24 Jan - Opened first Senco franchisee showroom in Ambikapur, Chhattisgarh on 24 Jan 2026.
-
Announcement under Regulation 30 (LODR)-Acquisition
21 Jan - Senco to acquire 68% of Melorra’s AJPL for INR 68 crore; completion by April 30, 2026.
-
Announcement under Regulation 30 (LODR)-Credit Rating
12 Jan - CARE Edge assigns CARE A1 rating to Senco's ₹50 crore short-term bank facilities on January 12, 2026.
Concalls
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptAI SummaryPPT
Business Profile[1]
Senco Gold Ltd. is India’s 2nd most trusted jewellery brand (TRA ranking, five years in a row) and the largest organised jewellery retailer in Eastern India. With an 85+ year legacy and four generations of leadership, the company operates on an omni-channel model, offering gold, diamond, silver, platinum, polki and gemstone jewellery, as well as lifestyle products like leather goods, fragrances, and lab-grown diamonds.