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Banaras Beads Ltd (BANARBEADS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526849 NSE: BANARBEADS Glass | Small Cap | Banaras Beads Share Price

₹106 -4.80 (-4.33%)

As on 04-Jun'26 16:59

Banaras Beads Ltd (BANARBEADS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526849 NSE: BANARBEADS Glass | Small Cap | Banaras Beads Share Price

₹106 -4.80 (-4.33%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹71 Cr.
Current Price
₹106
52-Week Low / High
₹97 / 172
TTM EPS
₹2.7
TTM Sales
₹25.5 Cr.
Book Value per Share
₹86.5
P/E Ratio
39.88
Higher than its 5-year historical median
Industry PE
65.4
Price to Book (P/B)
1.23
Higher than its 5-year historical median
Price to Sales (P/S)
2.78
Higher than its 5-year historical median
EV/EBITDA
15.22
Higher than its 5-year historical median
Dividend Yield
1.86%
Profitability Efficiency
Return on Equity (ROE)
5.61%
Underperforms industry median
Return on Capital Employed (ROCE)
7.74%
Underperforms industry median
Return on Assets (ROA)
4.89%
Operating Profit Margin
13.1%
Net Profit Margin
9.78%
Gross Profit Margin
17.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.84%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
55.47%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
12.36%
Asset Quality
Promoter Holding
58.48%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹51 Cr.
Equity
₹6.7 Cr.
Face Value
₹10
All Time Low / High
₹2.75 / 171.90

Banaras Beads stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Banaras Beads Ltd a good quality company?
Banaras Beads Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Banaras Beads Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Banaras Beads Ltd vs industry peers?
Banaras Beads Ltd revenue CAGR is %, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Banaras Beads Ltd?
Promoters hold 58.48% of the Banaras Beads Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Banaras Beads Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Banaras Beads Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.6%6.4%5.3%4.1%7.1%6.6%7.3%7.6%7.1%7.7%-

Growth Parameters

Sales 24.727.323.817.325.820.525.12728.231.625
Sales YoY Gr.-10.4%-13%-27.2%48.9%-20.6%22.7%7.4%4.6%11.8%-
Adj EPS 1.52.42.11.83.63.43.83.84.14.72.7
YoY Gr.-66.4%-14.8%-11.6%98.4%-6.3%12.4%0.3%7.8%12.6%-
BVPS (₹) 63.86666.968.672.175.778.179.98284.486.5
Adj Net
Profit
11.61.41.22.42.32.52.52.73.12
Cash Flow from Ops. 2.75.54.40.33.6-9.3-4-4.5-3.55-
Debt/CF from Ops. 1.90.20.42.50-0.5-1.5-0.1-11.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.7%4.1%7.9%11.8%
Adj EPS 13.7%5.1%6.8%12.6%
BVPS3.2%3.2%2.6%3%
Share Price 10.4% 12.5% 8.5% -9.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.43.83.12.75.24.654.95.15.63.1
Op. Profit
Mgn %
11.213.713.815.415.116.412.513.59.413.115.8
Net Profit
Mgn %
3.95.95.879.31110.19.49.79.87
Debt to
Equity
0.100000.10.100.10.20.1
Working Cap
Days
334290276363246408465529509499325
Cash Conv.
Cycle
205168198302181230269337365350209

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales24.7427.3223.7817.3125.7820.4725.1226.9728.2231.56
Operating Expenses + 21.9823.5820.5014.7421.9917.1221.9723.3325.5727.44
Manufacturing Costs6.334.233.023.115.956.408.016.767.417.30
Material Costs9.4413.0111.605.868.565.115.017.077.949.48
Employee Cost 3.323.172.893.173.523.253.964.384.705.01
Other Costs 2.893.1732.603.962.364.995.125.535.66
Operating Profit 2.763.753.272.573.793.363.153.642.654.12
Operating Profit Margin (%) 11.1%13.7%13.8%14.9%14.7%16.4%12.5%13.5%9.4%13.1%
Other Income + 1.531.320.960.840.911.482.191.802.451.99
Exceptional Items 4.77000000000
Interest 0.670.150.080.300.110.200.250.790.260.67
Depreciation 2.132.101.841.521.351.461.281.231.151.39
Profit Before Tax 6.262.812.321.593.233.173.813.423.694.05
Tax 1.941.140.940.430.890.780.890.870.940.96
Profit After Tax 4.321.671.381.162.342.392.922.542.753.09
PAT Margin (%) 17.4%6.1%5.8%6.7%9.1%11.7%11.6%9.4%9.8%9.8%
Adjusted EPS (₹)6.52.52.11.83.53.64.43.94.24.7
Dividend Payout Ratio (%)38.30%39.60%0%0%0%0%45.30%52%48.10%48.20%

Valuation of Banaras Beads - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 42.1843.6344.2145.3647.6650.0451.6352.8454.2455.84
Share Capital 6.616.616.616.616.616.616.616.616.616.61
Reserves 35.5737.0137.6038.7541.0543.4345.0246.2247.6349.23
Debt +5.091.101.900.8404.335.800.293.298.58
Long Term Debt0000000000
Short Term Debt5.091.101.900.8404.335.800.293.298.58
Minority Interest0000000000
Trade Payables0.960.820.340.270.130.270.750.650.440.11
Others Liabilities 42.092.391.642.031.451.562.131.822.05
Total Liabilities 52.2347.6348.8448.1149.8256.0959.7555.9159.7966.59

Fixed Assets

Net Fixed Assets +13.7812.6111.269.8019.3518.168.628.758.4410.17
Gross Block27.2828.1928.6828.7439.6439.4030.8732.2133.0336.01
Accumulated Depreciation13.5015.5817.4218.9420.2921.2422.2523.4624.5925.84
CWIP 008.849.04000.380.250.450
Investments 3.673.193.123.154.893.123.133.043.032.98
Inventories14.2511.3214.0713.7611.3211.9618.7021.7523.0126.33
Trade Receivables1.340.720.790.700.292.684.596.206.685.10
Cash Equivalents 10.5312.688.818.518.406.2512.221.1111.992.97
Others Assets 8.667.121.963.155.5613.9212.1014.816.1819.03
Total Assets 52.2347.6348.8448.1149.8256.0959.7555.9159.7966.59

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2.725.494.430.333.64-9.31-4-4.45-3.474.97
PBT 6.262.812.321.593.233.173.813.423.694.05
Adjustment 0.640.920.960.810.650.13-0.660.45-0.820.15
Changes in Working Capital -3.273.232.21-1.580.7-11.8-6.23-7.44-5.361.77
Tax Paid -1.34-1.54-1.12-0.49-0.93-0.81-0.92-0.87-0.98-1
Cash Flow From Investing Activity + 3.790.72-8.370.51-2.852.8910.060.9512.94-17.14
Capex -1.76-0.93-9.33-0.26-1.87-0.278.40-1.22-1.02-2.65
Net Investments 2.530.550.08-0.03-1.851.960.020.0912-4.45
Others 3.021.100.870.790.861.191.642.081.96-10.03
Cash Flow From Financing Activity + -12.96-4.060.08-1.14-0.904.27-0.10-7.621.423.14
Net Proceeds from Shares 0.02000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-0.74-0.08-0.06-0.06-0.25-0.79-0.26-0.67
Dividend Paid -3.13-0.070000-1.33-1.33-1.33-1.49
Others -9.85-3.990.81-1.06-0.844.331.48-5.503.015.30
Net Cash Flow -6.452.15-3.86-0.30-0.11-2.155.97-11.1210.88-9.02

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.523.893.152.585.034.95.744.875.145.61
ROCE (%)13.586.445.274.097.136.627.267.67.147.74
Asset Turnover Ratio0.450.550.490.360.530.390.430.470.490.5
PAT to CFO Conversion(x)0.633.293.210.281.56-3.9-1.37-1.75-1.261.61
Working Capital Days
Receivable Days1413.7011.5015.807.1026.5052.907383.3068.20
Inventory Days200.80170.80194.80293.40177.60207.50222.80273.80289.50285.30
Payable Days23.7024.9018.2018.908.6014.5037.3036.3025.2010.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Banaras Beads Ltd FAQs

The current trading price of Banaras Beads on 04-Jun-2026 16:59 is ₹106.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Banaras Beads stood at ₹70.75 Cr

The latest P/E ratio of Banaras Beads as of 03-Jun-2026 is 39.88.

The latest P/B ratio of Banaras Beads as of 03-Jun-2026 is 1.23.

The 52-week high of Banaras Beads is ₹171.9 and the 52-week low is ₹97.30.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Banaras Beads is ₹25.49 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Banaras Beads Ltd is a below average quality company.

The key valuation ratios of Banaras Beads Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Banaras Beads Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Banaras Beads Ltd

Banaras Beads was incorporated as a private limited company in April 1980, the company went public in October 1994. Promoted by Ajit Kumar Gupta and Raj Kumar Gupta, it commenced operations by manufacturing glass beads and imitation jewellery and later diversified into woolen products in Varanasi, Uttar Pradesh. The company also diversified into handicrafts, silk and silk fabrics, fashion accessories, garments, etc. It has modernised its computer facilities to set up a state-of-the-art computer-aided designing system.

The company has been in this line for over five decades and has been exporting for over two decades (since 1970) to 2000 clients in about fifty countries. It has received a number of awards for excellence in exports. In August 1994, it was recognized by the government as a Trading House. It is the largest exporter of glass beads in India, having a market share of over 80% of India's exports.

The company came out with a public issue in February 1995 to finance the expansion of its facilities for glass beads, imitation jewellery and woolen products. It has also created manufacturing facilities for gold and silver studded jewellery. The project was completed in 1995 at a cost of Rs 35.6 crore. The company has decided to enter into joint ventures in the US and Canada. It is setting up a manufacturing unit for glass related items as a part of diversification and expansion of its current manufacturing activities.

Business area of the company

Banaras Beads is engaged in the manufacture and distribution of handicraft products in India and internationally. It offers glass beads, buttons, chattons, woolen carpets, cords, fringes, pendants, pliers, pipes, home furnishing and decor products, gold and silver ornaments, necklaces, imitation jewelry, rosaries, tasbees, and hand knotted carpets and druggets.

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