Is Swarnsarita Jewels India Ltd (526365) a good quality company?

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

Is Swarnsarita Jewels India Ltd (526365) undervalued or overvalued?

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 .

What is Swarnsarita Jewels India Ltd (526365) share price return in the past 10 years?

Swarnsarita Jewels India Ltd share price has appreciated 4.4% annually (CAGR) over the past ten years.

Is Swarnsarita Jewels India Ltd (526365) a good buy now?

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.

What is the share price of Swarnsarita Jewels India Ltd (526365)?

Company share prices are keep on changing according to the market conditions. The current trading price of Swarnsarita Jewels India Ltd (526365) on 30-Apr-2026 16:59:59 at 16:59 is 34.32.

What is the P/E ratio of Swarnsarita Jewels India?

The latest standalone P/E ratio of Swarnsarita Jewels India as of 30-Apr-2026 is 7.74.

What is the P/B ratio of Swarnsarita Jewels India Ltd (526365)?

The latest standalone P/B ratio of Swarnsarita Jewels India Ltd (526365) as of 30-Apr-2026 is 0.49.

What is the 52-week high and low of Swarnsarita Jewels India Ltd (526365)?

The 52-week high of Swarnsarita Jewels India Ltd (526365) is Rs. 40.50 and the 52-week low is Rs. 28.60.

Swarnsarita Jewels India Ltd (526365) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Swarnsarita Jewels India Ltd (526365)
Brand: Swarnsarita Jewels India

Swarnsarita Jewels India Ltd (526365) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Swarnsarita Jewels India Ltd (526365)

BSE: 526365 NSE:

Key Metrics

Market Cap

₹72 Cr.

P/E Ratio

7.74

Price to Book (P/B)

0.49

Price to Sales (P/S)

0.10

EV/EBITDA

6.97

Return on Capital Employed (ROCE)

7.99%

Current Price

₹34.3

Return on Equity (ROE)

5.73%

Return on Assets (ROA)

3.26%

Operating Profit Margin

1.9%

Net Profit Margin

1.08%

Gross Profit Margin

1.7%

Book Value per Share

₹69.5

Sales Growth (YoY)

-1.1%

Sales Growth (3 Years)

-7.13%

Operating Profit Growth (1 Year)

9.41%

Operating Profit Growth (3 Years)

8.33%

Net Profit Growth (1 Year)

43.22%

52-Week Low / High

₹29 / 41

Net Profit Growth (3 Years)

-3.35%

Dividend Yield

0.00%

Promoter Holding

52.03%

Pledged shares (%)
of Promoter's holding (%)

57.66%

Check Before You Invest

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 4.6% based on the current price.

Q.1 Revenue growth of Swarnsarita Jewels India Ltd?

Swarnsarita Jewels India Ltd revenue growth is -1.1% for FY-2025, which is below its 5-year CAGR of 3.81%, indicating slower growth.

Q.1 Which industry/sub-sector does Swarnsarita Jewels India Ltd belong to?

Swarnsarita Jewels India Ltd belongs to the Consumer Durables sector, operating specifically within the Diamond & Jewellery segment.

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 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 11.19%, indicating stable growth and maintaining its market share.

DeciZen - make an informed investing decision on Swarnsarita Jewels

Based on:

Data

M-Cap below 100cr DeciZen not available

Swarnsarita Jewels India stock performance

Key Ratios

Is Swarnsarita Jewels India Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
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 ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	321	286	485	548	559	575	841	848	681	674	712
Sales YoY Gr.	-	-10.9%	69.6%	13%	1.9%	3%	46.2%	0.8%	-19.6%	-1.1%	-
Adj EPS ⓘ	0.7	1	1.2	0.8	1.3	2.4	2.1	2	2.3	3.7	4.4
YoY Gr.	-	50%	24.2%	-33.3%	52.4%	92%	-12.1%	-6.6%	18.3%	57.1%	-
BVPS (₹) ⓘ	39.1	40.5	42.6	44.8	47.4	50.4	54.3	56.8	59.2	62.8	69.5
Adj Net Profit ⓘ	1.4	2.1	2.6	1.7	2.6	5	4.4	4.1	4.9	7.7	9
Cash Flow from Ops. ⓘ	0.2	-17.4	-2.5	-26.7	12.9	5.1	6.8	11.7	5.1	0.4	-
Debt/CF from Ops. ⓘ	402.3	-4.6	-42.3	-4.9	7.8	23.1	18.4	10	19.6	246.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	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%
BVPSⓘ	5.4%	5.8%	4.9%	6%
Share Price	4.4%	23.8%	22.9%	9.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	1.7	2.5	3	1.9	2.7	4.9	4.1	3.6	4	6	6.7
Op. Profit Mgn % ⓘ	1.3	1.7	1.2	1.1	1.3	2	1.2	1.3	1.6	1.9	2.1
Net Profit Mgn % ⓘ	0.4	0.7	0.5	0.3	0.5	0.9	0.5	0.5	0.7	1.1	1.3
Debt to Equity ⓘ	0.9	0.9	1.2	1.4	1	1.1	1.1	1	0.8	0.7	-
Working Cap Days ⓘ	130	162	107	109	116	113	79	85	107	106	53
Cash Conv. Cycle ⓘ	101	134	92	96	105	103	73	72	79	71	32

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	4.4	5.1
TTM Sales (₹ Cr.)	712	789
BVPS (₹) ⓘ	69.5	69.4
Reserves (₹ Cr.) ⓘ	124	124
P/BV ⓘ	0.49	0.49
PE ⓘ	7.74	6.77

From the Market
52 Week Low / High (₹)	28.60 / 40.50
All Time Low / High (₹)	0.40 / 195.00
Market Cap (₹ Cr.)	71.7
Equity (₹ Cr.)	20.9
Face Value (₹)	10
Industry PE ⓘ	61.1

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

57.66

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

Valuation of Swarnsarita Jewels - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	320.99	286.09	485.10	548.24	558.74	575.40	841.19	847.66	681.17	673.70
Operating Expenses ⓘ +	316.75	281.23	479.10	542.37	551.73	564.51	831.68	836.81	670.11	661.61
Manufacturing Costs	0.44	0.46	0.41	0.94	0.29	0.04	0.05	0.06	0.07	0.06
Material Costs	311.36	274.63	471.13	530.79	541.53	557.36	822.53	827.30	660.48	652.29
Employee Cost	2.74	3.80	4.55	4.77	5.38	2.47	3.47	2.63	3.21	3.03
Other Costs ⓘ	2.21	2.34	3.01	5.87	4.53	4.64	5.63	6.81	6.36	6.23
Operating Profit ⓘ	4.24	4.86	6	5.86	7.01	10.89	9.51	10.85	11.05	12.09
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 ⓘ +	4.16	3.95	4.79	6.42	7.13	4.36	8.42	4.03	4.78	5.86
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	4.38	4.44	4.16	5.02	5.58	6.39	6.94	7.80	8.63	6.52
Depreciation ⓘ	0.13	0.19	0.19	0.19	0.86	0.40	0.26	0.26	0.30	0.37
Profit Before Tax ⓘ	3.89	4.18	6.44	7.07	7.69	8.46	10.73	6.82	6.91	11.07
Tax ⓘ	1.21	1.31	2.14	2.36	2.38	2.44	2.66	1.72	1.82	3.78
Profit After Tax	2.68	2.87	4.30	4.72	5.31	6.02	8.07	5.10	5.09	7.29
PAT Margin (%)	0.8%	1.0%	0.9%	0.9%	1.0%	1.1%	1.0%	0.6%	0.8%	1.1%
Adjusted EPS (₹)	1.3	1.4	2.1	2.3	2.6	2.9	3.9	2.5	2.4	3.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	81.52	84.38	88.68	93.40	98.71	105.05	113.23	118.27	123.43	130.83
Share Capital ⓘ	20.84	20.84	20.84	20.84	20.84	20.84	20.84	20.84	20.84	20.84
Reserves ⓘ	60.68	63.55	67.84	72.56	77.87	84.21	92.39	97.43	102.60	109.99
Debt +	74.87	79.38	105.48	130.92	101.17	116.77	122.60	116.99	93.08	79.64
Long Term Debt	0	0	0	0	0	0	19.39	18.54	8.58	3.20
Short Term Debt	74.87	79.38	105.48	130.92	101.17	116.77	103.21	98.44	84.50	76.44
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	9.54	3.46	2.55	3.55	1.82	1.15	2.12	2.99	0.86	0
Others Liabilities ⓘ	1.79	3.24	7.64	4.94	6.51	3.33	7.13	1.99	10.44	8.92
Total Liabilities ⓘ	167.72	170.47	204.35	232.80	208.20	226.30	245.07	240.24	227.82	219.38
Fixed Assets
Net Fixed Assets ⓘ +	1.59	1.54	1.48	1.54	3	5.19	4.89	4.86	6.38	0.99
Gross Block	2.25	2.38	2.50	2.76	4.72	6.42	6	6.24	8.07	3.04
Accumulated Depreciation	0.65	0.84	1.03	1.22	1.72	1.23	1.12	1.38	1.68	2.05
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	15.90	13.21	10.05	10.10	10.10	10.13	10	10	10	10
Inventories	56.24	76.15	77.86	102.49	92.60	76.87	85.83	75.77	76.44	77.57
Trade Receivables	47.37	43.72	52.08	63.06	68.69	89.15	85.97	92.26	55.37	53.96
Cash Equivalents	32.11	20.19	44.98	40.52	19.10	31.88	43.71	18.17	19.85	8.80
Others Assets ⓘ	14.50	15.66	17.90	15.08	14.71	13.09	14.69	39.18	59.77	68.07
Total Assets ⓘ	167.72	170.47	204.35	232.80	208.20	226.30	245.07	240.24	227.82	219.38

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0.19	-17.41	-2.49	-26.71	12.93	5.05	6.84	11.67	5.12	0.35
PBT ⓘ	3.89	4.18	6.44	7.07	7.69	8.46	10.73	6.82	6.91	11.07
Adjustment ⓘ	2.26	1.77	2.04	3.07	3.13	5.48	4.69	5.44	4.70	1.83
Changes in Working Capital ⓘ	-4.72	-22.06	-8.83	-34.5	4.64	-6.35	-5.49	2.73	-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 ⓘ +	-4.17	5.41	5.35	1.83	0.95	-1.51	2.73	2.31	2.45	10.18
Capex	-1.29	-0.13	-0.12	-0.20	-2.37	-3.64	-0.16	-0.24	-1.82	4.51
Net Investments	-5.17	2.75	3.21	-0.10	0.07	0	0.13	0	0	0
Others ⓘ	2.28	2.80	2.26	2.13	3.25	2.13	2.76	2.55	4.27	5.68
Cash Flow From Financing Activity ⓘ +	22.14	0.07	21.94	20.42	-35.29	9.23	2.26	-16.75	-25.33	-21.41
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-4.38	-4.44	-4.16	-5.02	-5.54	-6.38	-6.92	-7.79	-8.60	-6.50
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	26.52	4.51	26.10	25.44	-29.75	15.60	9.18	-8.97	-16.73	-14.91
Net Cash Flow ⓘ	18.15	-11.92	24.79	-4.46	-21.41	12.77	11.83	-2.78	-17.76	-10.88

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	3.34	3.46	4.97	5.18	5.53	5.91	7.4	4.41	4.21	5.73
ROCE (%)	5.83	5.38	5.92	5.78	6.26	7.04	7.66	6.16	6.77	7.99
Asset Turnover Ratio	2.12	1.69	2.59	2.51	2.53	2.65	3.57	3.49	2.91	3.01
PAT to CFO Conversion(x)	0.07	-6.07	-0.58	-5.66	2.44	0.84	0.85	2.29	1.01	0.05
Working Capital Days
Receivable Days	48.20	58.10	36	38.30	43	50.10	38	38.40	39.60	29.60
Inventory Days	61.60	84.50	57.90	60	63.70	53.80	35.30	34.80	40.80	41.70
Payable Days	8.80	8.60	2.30	2.10	1.80	1	0.70	1.10	1.10	0.20

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Swarnsarita Jewels India Ltd FAQs

The current trading price of Swarnsarita Jewels on 30-Apr-2026 16:59 is ₹34.32.

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 29-Apr-2026 the market cap of Swarnsarita Jewels stood at ₹71.65 Cr

The latest P/E ratio of Swarnsarita Jewels as of 29-Apr-2026 is 7.74.

The latest P/B ratio of Swarnsarita Jewels as of 29-Apr-2026 is 0.49.

The 52-week high of Swarnsarita Jewels is ₹40.50 and the 52-week low is ₹28.60.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swarnsarita Jewels is ₹712 ( Cr.) .

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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Swarnsarita Jewels India Ltd (526365) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Swarnsarita Jewels Share Price