Senco Gold Ltd

Senco Gold Ltd

₹ 297 0.52%
05 Mar 10:42 a.m.
About

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]

Key Points

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.

  • Market Cap 4,867 Cr.
  • Current Price 297
  • High / Low 406 / 227
  • Stock P/E 10.2
  • Book Value 129
  • Dividend Yield 0.34 %
  • ROCE 10.3 %
  • ROE 9.54 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 13.7% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 8.05% of profits over last 3 years
  • Working capital days have increased from 46.0 days to 66.2 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
1,340 814 1,305 1,147 1,652 1,137 1,404 1,500 2,046 1,378 1,826 1,536 3,071
1,177 747 1,238 1,107 1,471 1,050 1,295 1,449 1,966 1,251 1,643 1,430 2,666
Operating Profit 163 67 67 39 181 88 109 52 80 127 184 107 405
OPM % 12% 8% 5% 3% 11% 8% 8% 3% 4% 9% 10% 7% 13%
10 7 9 11 9 13 12 15 13 15 19 18 30
Interest 23 25 27 23 28 30 32 33 34 38 43 46 59
Depreciation 12 14 13 13 16 18 18 18 13 19 19 19 21
Profit before tax 138 36 37 14 146 52 71 16 46 85 141 59 355
Tax % 25% 27% 26% 14% 25% 39% 28% 26% 27% 27% 26% 17% 26%
103 26 28 12 109 32 51 12 33 62 105 49 264
EPS in Rs 9.25 2.33 2.00 0.77 7.03 2.07 3.30 0.78 2.05 3.81 6.39 2.98 16.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,318 1,434 2,660 3,535 4,077 5,241 6,328 7,811
1,248 1,354 2,479 3,248 3,749 4,853 5,947 6,989
Operating Profit 70 80 182 287 329 389 381 822
OPM % 5% 6% 7% 8% 8% 7% 6% 11%
3 6 15 13 31 42 55 81
Interest 19 26 73 80 98 121 149 186
Depreciation 3 7 40 42 46 60 68 78
Profit before tax 51 53 84 177 216 250 218 639
Tax % 29% 33% 27% 27% 27% 27% 27%
36 36 61 129 158 181 159 480
EPS in Rs 10.25 10.07 5.78 12.13 14.19 11.65 9.73 29.31
Dividend Payout % 12% 0% 0% 4% 5% 9% 10%
Compounded Sales Growth
10 Years: 16%
5 Years: %
3 Years: 21%
TTM: 28%
Compounded Profit Growth
10 Years: 16%
5 Years: %
3 Years: 7%
TTM: 272%
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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 18 18 66 53 56 78 82 82
Reserves 147 258 536 673 876 1,288 1,888 2,025
212 217 532 1,026 1,402 1,761 2,059 2,458
86 64 424 348 571 596 717 1,316
Total Liabilities 462 557 1,559 2,100 2,905 3,723 4,746 5,881
62 67 212 223 280 362 405 435
CWIP 2 13 2 7 13 1 2 2
Investments 0 0 0 0 0 0 0 0
398 476 1,345 1,870 2,612 3,359 4,340 5,444
Total Assets 462 557 1,559 2,100 2,905 3,723 4,746 5,881

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-7 -61 182 -70 -78 -23 -221
-12 -37 -55 -157 -198 -118 -32
43 61 -122 228 276 151 268
Net Cash Flow 24 -37 5 1 -0 9 15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 14 11 4 4 4 4 5
Inventory Days 81 103 166 170 201 202 220
Days Payable 2 4 10 14 17 17 10
Cash Conversion Cycle 94 111 160 160 188 189 214
Working Capital Days 66 88 44 30 29 43 66
ROCE % 18% 18% 15% 14% 10%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Number of Showrooms
Number

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Stud Ratio (Diamond/Studded Jewelry mix)
%
Average Ticket Value (ATV)
INR
Same Store Sales Growth (SSSG)
%
Total Retail Area
Sq Ft
Gold Volume Growth (H1/Yearly)
%

Shareholding Pattern

Numbers in percentages

15 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
68.48% 68.46% 68.46% 68.46% 67.47% 64.10% 64.33% 64.38% 64.39% 64.47%
14.45% 14.48% 14.02% 7.72% 8.58% 8.88% 7.18% 6.76% 8.81% 8.21%
8.48% 7.00% 7.52% 10.46% 9.58% 13.31% 12.55% 12.77% 11.58% 12.08%
8.60% 10.07% 10.00% 13.35% 14.36% 13.69% 15.93% 16.09% 15.21% 15.25%
No. of Shareholders 47,68374,42262,56582,2291,09,8651,42,0231,70,0581,71,1621,64,6651,60,004

* 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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