MoneyWorks4Me

Swarnsarita Jewels India Ltd (SWARNSAR)

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

₹42 0.02 (0.05%)

As on 25-Sep'26 16:59

Swarnsarita Jewels India Ltd (SWARNSAR)

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

₹42 0.02 (0.05%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹88 Cr.
Current Price
₹42
52-Week Low / High
₹28 / 45
TTM EPS
₹6
TTM Sales
₹922 Cr.
Book Value per Share
₹72.3
P/E Ratio
7.06
In line with its 5-year historical median
Industry PE
52.8
Price to Book (P/B)
0.58
Higher than its 5-year historical median
Price to Sales (P/S)
0.10
Higher than its 5-year historical median
EV/EBITDA
5.39
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.21%
Outperforms industry median
Return on Capital Employed (ROCE)
10.90%
Outperforms industry median
Return on Assets (ROA)
5.48%
Operating Profit Margin
1.9%
Net Profit Margin
1.42%
Gross Profit Margin
2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
16.56%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
6.83%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
135.24%
Asset Quality
Promoter Holding
60.11%
Pledged shares (%) of Promoter's holding (%)
49.91%
Reserves
₹130 Cr.
Equity
₹20.9 Cr.
Face Value
₹10
All Time Low / High
₹0.40 / 195.00

Swarnsarita Jewels India stock performance

Key Ratios
mw4me loader

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 8.57%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Swarnsarita Jewels India Ltd?
Promoters hold 60.11% of the Swarnsarita Jewels India Ltd, with 49.91% 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 5.7% based on the current price.

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.
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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ5.4%5.9%5.8%6.3%7%7.7%6.2%6.8%8%10.2%-
Value Creation
Index ⓘ
-0.6-0.6-0.6-0.6-0.5-0.5-0.6-0.5-0.4-0.3-

Growth Parameters ⓘ

Sales ⓘ286485548559575841848681674785855
Sales YoY Gr.-69.6%13%1.9%3%46.2%0.8%-19.6%-1.1%16.6%-
Adj EPS ⓘ11.20.81.32.42.122.33.73.38.3
YoY Gr.-24.2%-33.3%52.4%92%-12.1%-6.6%18.3%57.1%-9.6%-
BVPS (₹) ⓘ40.542.644.847.450.454.356.859.262.868.373.5
Adj Net
Profit ⓘ
2.12.61.72.654.44.14.97.76.917
Cash Flow from Ops. ⓘ-17.4-2.5-26.712.95.16.811.75.10.47.8-
Debt/CF from Ops. ⓘ-4.6-42.3-4.97.823.118.41019.6246.99.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ11.9%6.4%-2.5%16.6%
Adj EPS ⓘ14.4%6.6%18.9%-9.6%
BVPSⓘ6%6.3%6.4%8.8%
Share Price 5.7% 19.5% 9.5% 34.6%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
2.531.92.74.94.13.6465.111.7
Op. Profit
Mgn % ⓘ
1.71.21.11.321.21.31.61.91.52.2
Net Profit
Mgn % ⓘ
0.70.50.30.50.90.50.50.71.10.92
Debt to
Equity ⓘ
0.91.21.411.11.110.80.70.5-
Working Cap
Days ⓘ
16210710911611379851071069643
Cash Conv.
Cycle ⓘ
1349296105103737279716927

Valuation of Swarnsarita Jewels - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *57.6657.6657.6657.6657.6657.6657.6657.6657.6649.91
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales286.61486.34548.84559.14575.67841.63839.90769.69761.37868.21
Operating Expenses ⓘ + 281.30479.84542.49552.78565.05831.60826.55755.71746.15851.95
Manufacturing Costs0.460.410.800.140.040.050.070.070.120.16
Material Costs274.63471.88530.79541.53557.36822.53816.65744.47734.47839.75
Employee Cost 3.834.554.825.382.473.472.754.034.134.60
Other Costs ⓘ 2.383.016.095.735.175.547.087.137.427.45
Operating Profit ⓘ 5.316.496.356.3610.6210.0313.3613.9915.2216.26
Operating Profit Margin (%) 1.9%1.3%1.2%1.1%1.8%1.2%1.6%1.8%2.0%1.9%
Other Income ⓘ + 3.574.346.106.844.127.533.161.581.057.24
Exceptional Items ⓘ 0000000000
Interest ⓘ 4.444.165.045.436.406.987.828.636.866.57
Depreciation ⓘ 0.220.200.210.880.420.280.280.320.390.31
Profit Before Tax ⓘ 4.226.477.206.907.9210.318.416.619.0316.63
Tax ⓘ 1.332.132.412.372.442.812.121.823.774.28
Profit After Tax 2.894.344.794.535.487.506.294.795.2512.35
PAT Margin (%) 1.0%0.9%0.9%0.8%1.0%0.9%0.8%0.6%0.7%1.4%
Adjusted EPS (₹)1.42.12.32.22.63.63.02.32.55.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 84.4988.8293.6298.14103.94111.55117.78122.65128.06140.26
Share Capital ⓘ 20.8420.8420.8420.8420.8420.8420.8420.8420.8420.84
Reserves ⓘ 63.6567.9972.7877.3183.1090.7196.94101.81107.22119.43
Debt +79.38105.48130.94101.17116.77122.60120.82100.5280.6669.11
Long Term Debt0000019.3918.548.583.201.22
Short Term Debt79.38105.48130.94101.17116.77103.21102.2891.9377.4667.88
Minority Interest0000000000
Trade Payables3.462.553.962.221.502.477.806.805.068.19
Others Liabilities ⓘ 3.928.345.246.803.607.422.9613.2011.338.26
Total Liabilities ⓘ 171.25205.20233.75208.33225.81244.03249.36243.16225.11225.82

Fixed Assets

Net Fixed Assets ⓘ +1.651.571.623.065.244.914.906.421.021.12
Gross Block2.522.652.904.866.566.146.418.252.933.34
Accumulated Depreciation0.871.071.281.801.331.231.511.831.912.22
CWIP ⓘ 0000000000
Investments ⓘ 3.210.050.100.100.1300000.49
Inventories86.9887.93112.57102.6886.9495.90110.71109.38109.01119.80
Trade Receivables44.1552.6663.8068.6989.1686.0375.7787.5887.3076.27
Cash Equivalents 20.1945.0140.6019.2131.9043.7218.1819.928.853.21
Others Assets ⓘ 15.0717.9615.0614.5912.4413.4639.8119.8618.9324.93
Total Assets ⓘ 171.25205.20233.75208.33225.81244.03249.36243.16225.11225.82
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -17.04-2.01-26.3713.086.387.738.754.8011.9113.23
PBT ⓘ 4.226.477.206.907.9210.318.416.619.0816.63
Adjustment ⓘ 2.182.503.403.265.755.606.367.9376.10
Changes in Working Capital ⓘ -22.15-8.85-34.575.46-4.74-5.18-2.54-7.09-2.91-4.89
Tax Paid ⓘ -1.29-2.13-2.41-2.53-2.54-3-3.49-2.65-1.26-4.61
Cash Flow From Investing Activity ⓘ + 5.044.901.520.67-0.761.841.40-0.775.35-0.65
Capex -0.13-0.12-0.20-2.30-3.64-0.16-0.27-1.844.49-0.96
Net Investments 2.753.21-0.10000.130000
Others ⓘ 2.421.821.822.982.881.881.671.070.850.32
Cash Flow From Financing Activity ⓘ + 0.0721.9420.44-35.147.062.25-12.94-21.73-28.16-21.52
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -4.44-4.16-5.02-5.37-7.37-6.93-7.80-8.60-6.84-6.04
Dividend Paid ⓘ 0000000000
Others ⓘ 4.5126.1025.46-29.7714.439.18-5.13-13.14-21.31-15.48
Net Cash Flow ⓘ -11.9324.82-4.42-21.3812.6811.82-2.78-17.70-10.90-8.94
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)3.4855.254.725.426.965.493.994.199.21
ROCE (%)5.415.935.855.826.827.556.826.57.1410.9
Asset Turnover Ratio1.692.582.52.532.653.583.43.133.253.85
PAT to CFO Conversion(x)-5.9-0.46-5.512.891.161.031.3912.271.07
Working Capital Days
Receivable Days58.4036.3038.7043.20503835.2038.7041.9034.40
Inventory Days98.1065.6066.7070.3060.1039.7044.9052.2052.4048.10
Payable Days8.602.302.202.101.200.902.303.6032.90

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Swarnsarita Jewels India Ltd FAQs

The current trading price of Swarnsarita Jewels on 25-Sep-2026 16:59 is ₹42.00.

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 24-Sep-2026 the market cap of Swarnsarita Jewels stood at ₹87.68 Cr

The latest P/E ratio of Swarnsarita Jewels as of 24-Sep-2026 is 5.07.

The latest P/B ratio of Swarnsarita Jewels as of 24-Sep-2026 is 0.57.

The 52-week high of Swarnsarita Jewels is ₹45.00 and the 52-week low is ₹28.26.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swarnsarita Jewels is ₹855 ( 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 Fair 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.

You have 47 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now