Saraswati Saree Depot Ltd
Founded in 1996, Saraswati Saree Depot Limited specializes in the manufacturing and wholesale distribution of women’s apparel.[1]
- Market Cap ₹ 221 Cr.
- Current Price ₹ 55.7
- High / Low ₹ 103 / 46.2
- Stock P/E 9.43
- Book Value ₹ 49.2
- Dividend Yield 4.07 %
- ROCE 16.6 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.13 times its book value
- Stock is providing a good dividend yield of 4.07%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.3%
- Company has been maintaining a healthy dividend payout of 18.3%
Cons
- Working capital days have increased from 67.9 days to 104 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.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 543 | 592 | 602 | 604 | 631 | |
| 0 | 522 | 558 | 561 | 560 | 599 | |
| Operating Profit | 0 | 21 | 34 | 40 | 43 | 32 |
| OPM % | 4% | 6% | 7% | 7% | 5% | |
| 0 | 1 | 2 | 2 | 4 | 6 | |
| Interest | 0 | 4 | 4 | 2 | 2 | 1 |
| Depreciation | 0 | 1 | 1 | 1 | 5 | 6 |
| Profit before tax | 0 | 16 | 31 | 39 | 41 | 31 |
| Tax % | 25% | 26% | 25% | 25% | 25% | |
| 0 | 12 | 23 | 30 | 31 | 23 | |
| EPS in Rs | 0.00 | 1,231.00 | 2,297.00 | 8.92 | 7.72 | 5.91 |
| Dividend Payout % | 0% | 0% | 0% | 29% | 26% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | -23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 23% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 33 | 40 | 40 |
| Reserves | 0 | 12 | 35 | 32 | 138 | 155 |
| 0 | 67 | 41 | 43 | 15 | 1 | |
| 0 | 91 | 112 | 98 | 97 | 92 | |
| Total Liabilities | 0 | 170 | 189 | 206 | 290 | 287 |
| 0 | 3 | 3 | 3 | 7 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 4 | 4 | 8 | 8 |
| 0 | 167 | 182 | 199 | 275 | 272 | |
| Total Assets | 0 | 170 | 189 | 206 | 290 | 287 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | -40 | 35 | -9 | 2 | 36 | |
| 0 | -4 | -4 | -0 | -8 | -1 | |
| 0 | 61 | -29 | -0 | 42 | -12 | |
| Net Cash Flow | 0 | 17 | 2 | -9 | 37 | 23 |
| Free Cash Flow | 0 | -44 | 34 | -9 | -3 | 34 |
| CFO/OP | -170% | 127% | 4% | 29% | 137% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 46 | 40 | 46 | 51 | 42 | |
| Inventory Days | 56 | 64 | 74 | 86 | 78 | |
| Days Payable | 65 | 75 | 65 | 63 | 56 | |
| Cash Conversion Cycle | 37 | 30 | 54 | 74 | 63 | |
| Working Capital Days | -5 | 6 | 29 | 71 | 104 | |
| ROCE % | 53% | 45% | 45% | 29% | 17% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Kolhapur Store Revenue Share % |
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| Number of Units Sold millions |
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| Sarees as % of Revenue % |
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| Total Number of Customers count |
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| West Zone Revenue Share % |
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| Avg Net Sales per Customer Rs. |
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| Net Sales per sq.ft. area in use Rs. |
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Extracted by Screener AI
Documents
Announcements
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Submission Of Statement On Impact Of Audit Qualification
2 Jul - Resubmitted FY26 audited results and signed audit-qualification statement; appointed internal auditor.
- Closure of Trading Window 29 Jun
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Announcement under Regulation 30 (LODR)-Change in Management
8 Jun - Board on June 8, 2026 named Rajesh Dulhani Chairman; approved two independent director reappointments and noted Maniklal Karmakar’s cessation.
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Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E June 8, 2026.
8 Jun - Rajesh Dulhani appointed Chairman; Maniklal Karmakar exits June 19, 2026; two independent directors reappointed.
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Announcement under Regulation 30 (LODR)-Change in Management
5 Jun - Mr. Shankar Laxmandas Dulhani resigned as Chairman and Executive Director effective June 5, 2026.
Annual reports
Concalls
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Jun 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Sep 2024TranscriptAI SummaryPPT
Business Profile[1] Saraswati Saree Depot (SSD) is a B2B wholesaler specializing in sarees and other women's apparel, including kurtis, dress materials, blouse pieces, lehengas, and bottoms. The company sources products from over 900 weavers and suppliers across India, with key relationships established in hubs such as Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru.