As of 6 Nov 2026, Swarnsarita Jewels India trades at 6.9× trailing earnings, below the industry P/E of 19.6×, and the shares are 27% below their 52-week high. Sales and net profit grew 1.1% and 25% a year over 3 years, with ROCE of 16% and ROE of 9.2%. Debt is 0.51× equity. It is a small-cap company with a market cap of ₹85 Cr, ranked 51st of 82 Luxury Goods companies by market cap; the shares rose 20% over the past year.
- ₹40.71
- ₹41.99
- ₹40.00
- ₹41.18
- 2.8K
Health check
- ReturnsBehind
+19.5% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 6.9 vs industry 19.6.
- GrowthSlow
Sales +1.1%, profit +25.2% a year over 3 years.
- ProfitabilityWeak
ROCE 15.8% vs peer median 34.2%.
- Balance sheetFair
Debt 0.51× equity, interest covered 3.8×, Piotroski 8 of 9.
- Red flags1 to check
Interest coverage of only 2.6×.
Small cap
Defensive
Key metrics
- Market cap
- ₹85 Cr
- Small cap
- P/E
- 6.9
- Industry 19.6
- Price to book
- 0.60
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 9.2%
- Peers 29.3%
- ROCE
- 15.8%
- Peers 34.2%
- Debt to equity
- 0.51
- Debt ₹71 Cr
- EPS (TTM)
- ₹5.88
- Face value ₹10
- OPM (TTM)
- 2.3%
- Net margin 1.8%
- Sales growth
- +35.5%
- Latest quarter vs a year ago
- Profit growth
- +76.8%
- Latest quarter vs a year ago
- Price to sales
- 0.09
- EV/EBITDA 5.4
Strengths and risks
Strengths
- Quarterly profit up 76.8% on a year ago.
- Quarterly sales up 35.5% on a year ago.
- P/E of 6.9 against an industry P/E of 19.6.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Interest coverage of only 2.6×.
About Swarnsarita Jewels India
Swarnsarita Jewels India Limited manufactures and trades gold and diamond jewelry in India and internationally. It offers studded rings, bracelets, pendants, necklaces, earrings, and other gold products. The company was formerly known as Swarnsarita Gems Limited and changed its name to Swarnsarita Jewels India Limited in November 2021. Swarnsarita Jewels India Limited was founded in 1989 and is headquartered in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 61
- Sector
- Consumer Cyclical
- ISIN
- INE967A01012
- Website
- swarnsarita.com
Price range
- Avg volume (3M)
- 50.2K
- 1-year return
- plus 19.5%
- From 52-week high
- minus 27.0%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| SWARNSARSwarnsarita Jewels India | 40.62 | minus 1.36% | 85 | 6.9 | 0.60 | 15.8% | 9.2% | 7.3% | 1.1% | 25.2% | 0.00% | plus 19.5% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 152 | 262 | 218 | 237 | 206 | |
| 142 | 252 | 214 | 244 | 191 | |
| 9.6 | 10 | 3.8 | −7.7 | 15.2 | |
| 6.3% | 3.8% | 1.7% | −3.2% | 7.4% | |
| 0.1 | 0.5 | −0.3 | 7 | 0.4 | |
| 1.4 | 1.3 | 1.2 | 2 | 1.6 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 8.2 | 9.1 | 2.2 | −2.8 | 13.9 | |
| 26.0% | 24.7% | 22.2% | −144.5% | 22.9% | |
| 6.1 | 6.8 | 1.7 | −6.8 | 10.7 | |
| 2.90 | 3.27 | 0.80 | -3.32 | 5.13 |
Profit & loss
- Sales CAGR 3Y
- +1.1%
- Profit CAGR 3Y
- +25.2%
- EPS CAGR 3Y
- +25.3%
- ROE
- 9.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 839 | 769 | 761 | 867 | |
| – | minus 8.4% | minus 1.1% | +14.0% | |
| 827 | 756 | 745 | 852 | |
| 12.8 | 13.3 | 15.4 | 15.7 | |
| 1.5% | 1.7% | 2.0% | 1.8% | |
| 3.5 | 2.1 | 1 | 0.6 | |
| 7.8 | 8.6 | 6.3 | 5.9 | |
| 0.3 | 0.3 | 0.4 | 0.3 | |
| 0.2 | 0.1 | −0.6 | 6.6 | |
| 8.4 | 6.6 | 9 | 16.6 | |
| 25.2% | 27.5% | 41.8% | 25.7% | |
| 6.3 | 4.8 | 5.3 | 12.4 | |
| – | minus 23.8% | +9.6% | +135.1% | |
| 3.01 | 2.30 | 2.52 | 5.92 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.8 | 20.8 | 20.8 | 20.8 | |
| 96.9 | 102 | 107 | 119 | |
| 121 | 108 | 86.4 | 71.1 | |
| 9.3 | 10.4 | 10.8 | 14.9 | |
| 248 | 241 | 225 | 226 | |
| 14.4 | 15.9 | 10.5 | 17.5 | |
| 9.5 | 9.5 | 9.5 | 16.4 | |
| 22.8 | 3.3 | 3.5 | 0.2 | |
| 18.2 | 19.9 | 8.8 | 3.7 | |
| 183 | 192 | 193 | 188 | |
| 248 | 241 | 225 | 226 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.8 | 4.8 | 11.9 | 13.2 | |
| 1.4 | −0.8 | 5.3 | −0.6 | |
| −12.9 | −21.7 | −28.2 | −21.4 | |
| −2.8 | −17.7 | −10.9 | −8.8 | |
| −0.3 | −1.8 | −0.5 | −1 | |
| 8.5 | 3 | 11.4 | 12.3 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.