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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

108.80 1.80 (1.68%)
As on 10-Apr'26 16:59

Banaras Beads Ltd (BANARBEADS)

BSE: 526849 NSE: BANARBEADS
Key Metrics
Market Cap
₹72 Cr.
P/E Ratio
38.32
Price to Book (P/B)
1.26
Price to Sales (P/S)
2.76
EV/EBITDA
17.59
Return on Capital Employed (ROCE)
7.74%
Current Price
₹108.8
Return on Equity (ROE)
5.61%
Return on Assets (ROA)
4.89%
Operating Profit Margin
13.1%
Net Profit Margin
9.78%
Gross Profit Margin
17.3%
Book Value per Share
₹86
Sales Growth (YoY)
11.84%
Sales Growth (3 Years)
7.9%
Operating Profit Growth (1 Year)
55.47%
Operating Profit Growth (3 Years)
9.36%
Net Profit Growth (1 Year)
12.36%
52-Week Low / High
₹97 / 172
Net Profit Growth (3 Years)
1.88%
Dividend Yield
1.86%
Promoter Holding
58.48%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1
Banaras Beads Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Glass segment.
Q.1 Gross Profit margin of Banaras Beads Ltd?
Banaras Beads Ltd Gross profit margin which is the profit after deduction of direct costs, is % for FY- , which is in line with its 5 year median of 0% , indicating stable margins.
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 Revenue growth of Banaras Beads Ltd vs industry peers?
Banaras Beads Ltd revenue CAGR is 4.13% , compared to the industry median CAGR of 0% , indicating faster growth and gaining its market share.
Q.1 Stock return of Banaras Beads Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 8.4% based on the current price.
Q.1 Is Banaras Beads Ltd a good quality company?
Banaras Beads Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Banaras Beads

Based on:

M-Cap below 100cr DeciZen not available

Banaras Beads stock performance

Key Ratios
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Is Banaras Beads Ltd an attractive stock to invest in?

1. Is Banaras Beads Ltd a good quality company?

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

2. Is Banaras Beads Ltd undervalued or overvalued?

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

3. Is Banaras Beads Ltd a good buy now?

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.

10 Year X-Ray :

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

Value Creation Index Colour Code Guide

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

Growth Parameters Colour Code Guide

Sales 24.727.323.817.325.820.525.12728.231.626
Sales YoY Gr.-10.4%-13%-27.2%48.9%-20.6%22.7%7.4%4.6%11.8%-
Adj EPS 1.52.42.11.83.63.43.83.84.14.72.8
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
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

CAGR Colour Code Guide

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 8.4% 17.4% 11.3% -11.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.43.83.12.75.24.654.95.15.63.3
Op. Profit
Mgn %
11.213.713.815.415.116.412.513.59.413.112.5
Net Profit
Mgn %
3.95.95.879.31110.19.49.79.87.2
Debt to
Equity
0.100000.10.100.10.2-
Working Cap
Days
334290276363246408465529509499276
Cash Conv.
Cycle
205168198302181230269337365350187

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.30%

Sales growth has been subdued in last 3 years 7.90%

Net Profit has been subdued in last 3 years 6.77%

Sales growth is not so good in last 4 quarters at -12.83%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 2.8 -
TTM Sales (₹ Cr.) 26.2 -
BVPS (₹) 86 -
Reserves (₹ Cr.) 50 -
P/BV 1.26 -
PE 38.32 -
From the Market
52 Week Low / High (₹) 97.30 / 171.90
All Time Low / High (₹) 2.75 / 171.90
Market Cap (₹ Cr.) 72.2
Equity (₹ Cr.) 6.6
Face Value (₹) 10
Industry PE 68

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 (%)

Valuation of Banaras Beads - Standalone Basis

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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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

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%40%0%0%0%0%45%52%48%48%

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

Finance 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 Days1414121672753738368
Inventory Days201171195293178208223274290285
Payable Days2425181991437362511

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Banaras Beads Ltd FAQs

The current trading price of Banaras Beads on 10-Apr-2026 16:59 is ₹108.8.

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 09-Apr-2026 the market cap of Banaras Beads stood at ₹72.20 Cr

The latest P/E ratio of Banaras Beads as of 09-Apr-2026 is 38.32.

The latest P/B ratio of Banaras Beads as of 09-Apr-2026 is 1.26.

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 ₹26.18 ( Cr.) .

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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