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Swarnsarita Jewels India Ltd (526365)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526365 NSE: Diamond & Jewellery | Small Cap | Swarnsarita Jewels Share Price

₹32.45 -0.52 (-1.58%)

As on 24-Jun'26 16:59

Swarnsarita Jewels India Ltd (526365)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526365 NSE: Diamond & Jewellery | Small Cap | Swarnsarita Jewels Share Price

₹32.45 -0.52 (-1.58%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹68 Cr.
Current Price
₹32.5
52-Week Low / High
₹29 / 41
TTM EPS
₹5.6
TTM Sales
₹785 Cr.
Book Value per Share
₹68.2
P/E Ratio
5.82
Lower than its 5-year historical median
Industry PE
53.2
Price to Book (P/B)
0.48
In line with its 5-year historical median
Price to Sales (P/S)
0.09
In line with its 5-year historical median
EV/EBITDA
6.25
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.73%
Underperforms industry median
Return on Capital Employed (ROCE)
7.99%
In line with industry median
Return on Assets (ROA)
3.26%
Operating Profit Margin
1.9%
Net Profit Margin
1.08%
Gross Profit Margin
1.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-1.1%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
9.41%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
43.22%
Asset Quality
Promoter Holding
52.03%
Pledged shares (%) of Promoter's holding (%)
57.66%
Reserves
₹121 Cr.
Equity
₹20.9 Cr.
Face Value
₹10
All Time Low / High
₹0.40 / 195.00

Swarnsarita Jewels India stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Swarnsarita Jewels India Ltd a good quality company?
Swarnsarita Jewels India 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 Swarnsarita Jewels India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Swarnsarita Jewels India Ltd vs industry peers?
Swarnsarita Jewels India Ltd revenue CAGR is 3.81%, compared to the industry median CAGR of 3.81%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Swarnsarita Jewels India Ltd?
Promoters hold 52.03% of the Swarnsarita Jewels India Ltd, with 57.66% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Swarnsarita Jewels India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.7% 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.
Swarnsarita Jewels India 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 % 5.8%5.4%5.9%5.8%6.3%7%7.7%6.2%6.8%8%-
Value Creation
Index
-0.6-0.6-0.6-0.6-0.6-0.5-0.5-0.6-0.5-0.4-

Growth Parameters

Sales 321286485548559575841848681674785
Sales YoY Gr.--10.9%69.6%13%1.9%3%46.2%0.8%-19.6%-1.1%-
Adj EPS 0.711.20.81.32.42.122.33.75.6
YoY Gr.-50%24.2%-33.3%52.4%92%-12.1%-6.6%18.3%57.1%-
BVPS (₹) 39.140.542.644.847.450.454.356.859.262.868.2
Adj Net
Profit
1.42.12.61.72.654.44.14.97.712
Cash Flow from Ops. 0.2-17.4-2.5-26.712.95.16.811.75.10.4-
Debt/CF from Ops. 402.3-4.6-42.3-4.97.823.118.41019.6246.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.6%3.8%-7.1%-1.1%
Adj EPS 21%24%20.2%57.1%
BVPS5.4%5.8%4.9%6%
Share Price 4.2% 14.9% 20.5% 8.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.72.531.92.74.94.13.6468.5
Op. Profit
Mgn %
1.31.71.21.11.321.21.31.61.91.4
Net Profit
Mgn %
0.40.70.50.30.50.90.50.50.71.11.5
Debt to
Equity
0.90.91.21.411.11.110.80.70
Working Cap
Days
130162107109116113798510710643
Cash Conv.
Cycle
10113492961051037372797127

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales320.99286.09485.10548.24558.74575.40841.19847.66681.17673.70
Operating Expenses + 316.75281.23479.10542.37551.73564.51831.68836.81670.11661.61
Manufacturing Costs0.440.460.410.940.290.040.050.060.070.06
Material Costs311.36274.63471.13530.79541.53557.36822.53827.30660.48652.29
Employee Cost 2.743.804.554.775.382.473.472.633.213.03
Other Costs 2.212.343.015.874.534.645.636.816.366.23
Operating Profit 4.244.8665.867.0110.899.5110.8511.0512.09
Operating Profit Margin (%) 1.3%1.7%1.2%1.1%1.3%1.9%1.1%1.3%1.6%1.8%
Other Income + 4.163.954.796.427.134.368.424.034.785.86
Exceptional Items 0000000000
Interest 4.384.444.165.025.586.396.947.808.636.52
Depreciation 0.130.190.190.190.860.400.260.260.300.37
Profit Before Tax 3.894.186.447.077.698.4610.736.826.9111.07
Tax 1.211.312.142.362.382.442.661.721.823.78
Profit After Tax 2.682.874.304.725.316.028.075.105.097.29
PAT Margin (%) 0.8%1.0%0.9%0.9%1.0%1.1%1.0%0.6%0.8%1.1%
Adjusted EPS (₹)1.31.42.12.32.62.93.92.52.43.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Swarnsarita Jewels - 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 + 81.5284.3888.6893.4098.71105.05113.23118.27123.43130.83
Share Capital 20.8420.8420.8420.8420.8420.8420.8420.8420.8420.84
Reserves 60.6863.5567.8472.5677.8784.2192.3997.43102.60109.99
Debt +74.8779.38105.48130.92101.17116.77122.60116.9993.0879.64
Long Term Debt00000019.3918.548.583.20
Short Term Debt74.8779.38105.48130.92101.17116.77103.2198.4484.5076.44
Minority Interest0000000000
Trade Payables9.543.462.553.551.821.152.122.990.860
Others Liabilities 1.793.247.644.946.513.337.131.9910.448.92
Total Liabilities 167.72170.47204.35232.80208.20226.30245.07240.24227.82219.38

Fixed Assets

Net Fixed Assets +1.591.541.481.5435.194.894.866.380.99
Gross Block2.252.382.502.764.726.4266.248.073.04
Accumulated Depreciation0.650.841.031.221.721.231.121.381.682.05
CWIP 0000000000
Investments 15.9013.2110.0510.1010.1010.1310101010
Inventories56.2476.1577.86102.4992.6076.8785.8375.7776.4477.57
Trade Receivables47.3743.7252.0863.0668.6989.1585.9792.2655.3753.96
Cash Equivalents 32.1120.1944.9840.5219.1031.8843.7118.1719.858.80
Others Assets 14.5015.6617.9015.0814.7113.0914.6939.1859.7768.07
Total Assets 167.72170.47204.35232.80208.20226.30245.07240.24227.82219.38

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.19-17.41-2.49-26.7112.935.056.8411.675.120.35
PBT 3.894.186.447.077.698.4610.736.826.9111.07
Adjustment 2.261.772.043.073.135.484.695.444.701.83
Changes in Working Capital -4.72-22.06-8.83-34.54.64-6.35-5.492.73-4.13-11.43
Tax Paid -1.23-1.29-2.14-2.36-2.54-2.54-3.08-3.33-2.36-1.12
Cash Flow From Investing Activity + -4.175.415.351.830.95-1.512.732.312.4510.18
Capex -1.29-0.13-0.12-0.20-2.37-3.64-0.16-0.24-1.824.51
Net Investments -5.172.753.21-0.100.0700.13000
Others 2.282.802.262.133.252.132.762.554.275.68
Cash Flow From Financing Activity + 22.140.0721.9420.42-35.299.232.26-16.75-25.33-21.41
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -4.38-4.44-4.16-5.02-5.54-6.38-6.92-7.79-8.60-6.50
Dividend Paid 0000000000
Others 26.524.5126.1025.44-29.7515.609.18-8.97-16.73-14.91
Net Cash Flow 18.15-11.9224.79-4.46-21.4112.7711.83-2.78-17.76-10.88

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.343.464.975.185.535.917.44.414.215.73
ROCE (%)5.835.385.925.786.267.047.666.166.777.99
Asset Turnover Ratio2.121.692.592.512.532.653.573.492.913.01
PAT to CFO Conversion(x)0.07-6.07-0.58-5.662.440.840.852.291.010.05
Working Capital Days
Receivable Days48.2058.103638.304350.103838.4039.6029.60
Inventory Days61.6084.5057.906063.7053.8035.3034.8040.8041.70
Payable Days8.808.602.302.101.8010.701.101.100.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *57.6657.6657.6657.6657.6657.6657.6657.6657.6657.66
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Swarnsarita Jewels India Ltd FAQs

The current trading price of Swarnsarita Jewels on 24-Jun-2026 16:59 is ₹32.45.

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 23-Jun-2026 the market cap of Swarnsarita Jewels stood at ₹67.75 Cr

The latest P/E ratio of Swarnsarita Jewels as of 23-Jun-2026 is 5.82.

The latest P/B ratio of Swarnsarita Jewels as of 23-Jun-2026 is 0.48.

The 52-week high of Swarnsarita Jewels is ₹40.50 and the 52-week low is ₹28.63.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swarnsarita Jewels is ₹785 ( Cr.) .

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

The key valuation ratios of Swarnsarita Jewels India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

About Swarnsarita Jewels India Ltd

Swarnasarita Gems, earlier known as Shyam Star Gems (SSGL) was incorporated as a private limited company on August  25, 1992 and was subsequently converted into a public limited company on February 25, 1993.The registered office of the company is at Opera House, Mumbai.In 2011 the company has changed its name from Shyam Star Gems Ltd. to Swarnasarita Gems Ltd.                                               "

It engages in diamond polishing and manufacture of jewelry. It has its manufacturing unit located at in the special economic zone (SEZ) in Surat, Gujarat and is to expand activities in other parts of Gujarat for export and retail business.

SSGL exports its wide range of diamond jewellery direct to semi wholesalers in various international markets including Hong Kong, Singapore, Middle East etc. Innovative and superior designs, timely delivery and stringent quality control measures have been the contributing factors in SSGL's success.

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