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 ₹ 4,841 Cr.
- Current Price ₹ 296
- High / Low ₹ 406 / 227
- Stock P/E 9.98
- Book Value ₹ 130
- Dividend Yield 0.34 %
- ROCE 10.4 %
- ROE 9.83 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
Cons
- 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 | 7,773 | |
| 2,075 | 2,318 | 2,197 | 2,479 | 3,247 | 3,746 | 4,835 | 5,875 | 6,953 | |
| Operating Profit | 140 | 166 | 223 | 182 | 287 | 330 | 394 | 384 | 820 |
| OPM % | 6% | 7% | 9% | 7% | 8% | 8% | 8% | 6% | 11% |
| 28 | 9 | 9 | 15 | 13 | 32 | 43 | 55 | 79 | |
| Interest | 37 | 43 | 63 | 73 | 80 | 98 | 121 | 148 | 183 |
| Depreciation | 19 | 16 | 37 | 40 | 42 | 45 | 59 | 66 | 71 |
| Profit before tax | 112 | 116 | 132 | 84 | 178 | 219 | 257 | 224 | 646 |
| Tax % | 35% | 36% | 31% | 26% | 27% | 26% | 27% | 26% | |
| 72 | 75 | 91 | 62 | 130 | 161 | 189 | 165 | 485 | |
| EPS in Rs | 20.38 | 7.02 | 8.55 | 5.78 | 12.23 | 14.41 | 12.15 | 10.10 | 29.62 |
| Dividend Payout % | 0% | 0% | 0% | 13% | 4% | 5% | 8% | 10% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 21% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 8% |
| TTM: | 246% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| 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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Number of Showrooms Number |
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| Stud Ratio (Diamond/Studded Jewelry mix) % |
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| Average Ticket Value (ATV) INR |
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| Same Store Sales Growth (SSSG) % |
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| Total Retail Area Sq Ft |
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| Gold Volume Growth (H1/Yearly) % |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Feb
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Feb
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Feb - Audio recording of Q3/9M FY26 earnings call for results ended 31 Dec 2025 available.
Concalls
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Feb 2026Transcript PPT
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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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Aug 2024Transcript PPT
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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.