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Companies›Consumer Discretionary›Consumer Durables›Consumer Durables
NSE:SWARNSAR

SWARNSARITA JEWELS IND L

Consumer Durables › Consumer Durables
₹41.60
at close · 6 Nov 2026
▲ 0.53 (+1.29%)

Latest filings

  1. Compliance Certificate for Q2 FY26 under SEBI Regulation 74(5) · Compliance
  2. Two promoters seek reclassification to Public category · Ownership Changes
  3. Swarnsarita Jewels: Director appointments at 34th AGM · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Designs, manufactures and trades in gold and precious-metal jewellery, with the Jewellery segment accounting for the entirety of segment revenue reported in the period. For the year ended 31 March 2026 (FY26), consolidated revenue stood at Rs. 868.21 crore with net profit of Rs. 12.14 crore; the Jewellery segment reported Rs. 878.30 crore of segment revenue (FY26, period-end 31 March 2026). A separate Rental Income stream contributed a negligible Rs. 0.24 crore in the quarter ended 31 March 2026. The cost base is dominated by raw materials — gold and other precious-metal inputs — at 97.1% of revenue in FY26, leaving an EBITDA margin of 2.65% and very thin net margins. The company is run from Zaveri Bazaar in Mumbai and consolidates a wholly-owned subsidiary, Swarnsarita Trading Private Limited. Promoters — the Chordia family and Swarnsarita Jewellers Private Limited (Person Acting in Concert) — held 60.20% of equity after an April 2026 open offer.

Operating scale
FY26 consolidated revenue
Rs. 868.21 croreFY26
Jewellery segment revenue
Rs. 878.30 croreFY26
Materials as share of revenue
97.1%FY26
EBITDA margin
2.65%FY26
Registered office location
Zaveri Bazaar, Mumbai
Promoter group holding after open offer
60.20% (Chordia family + Swarnsarita Jewellers Pvt Ltd)Post April 2026
Who pays it
Retail and wholesale buyers of gold and precious-metal jewellery.
Biggest cost
Raw materials — gold and precious metals — at 97.1% of FY26 revenue.
Kind of business
Asset-light jewellery manufacturing and trading with very thin margins driven by precious-metal input costs.
Where it sits
BSE-listed jewellery manufacturer/trader operating from Zaveri Bazaar, Mumbai, with a wholly-owned trading subsidiary (Swarnsarita Trading Private Limited).
Market Cap
₹87 Cr
P / E (TTM)
4.1×
EV / EBITDA
10.0×
Div Yield
—
Growth
8.6%▲
Revenue 5y CAGR
PAT +17.3% · EBITDA +8.2%
Quality
12.1%▲
ROCE (5y median)
ROE 5.3% (5y median) · margin 1.8%
Leverage
0.51·
Debt / Equity · moderate
Net debt ₹70 Cr
Revenue FY21→FY26
1.5×▲
Margin +0.4 pts
₹576 Cr → ₹868 Cr
Cash conversion
1.34×▲
Operating cash ÷ profit · 5 yrs
₹48 Cr on ₹36 Cr
Where it sits among 53 Gems, Jewellery And Watches peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#10/45
P/B#13/37
ROCE#13/36
ROE#9/26
Debt / Equity#28/37
EBITDA margin#38/46
Revenue growth#15/37
Profit growth#24/34

Scorecard

Measured from the filed financials, judged against its Gems, Jewellery And Watches peers · as of FY26 — not investment advice

Strengths
Profit compounding 17% a year over 5 years
Over 5 years it reported ₹36 Cr of profit and ₹48 Cr of operating cash — 1.34×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.51× equity
higher than 75% of its 37 Gems, Jewellery And Watches peers

Charts

How has the market priced it — with filings on the timeline?

SWARNSAR · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SWARNSARITA JEWELS IND L's filed financials and exchange disclosures

What does SWARNSARITA JEWELS IND L do?

SWARNSARITA JEWELS IND L is a Consumer Durables company listed on NSE and BSE, trading under the symbol SWARNSAR.

Is SWARNSARITA JEWELS IND L profitable?

Yes. Over the trailing twelve months SWARNSARITA JEWELS IND L reported a net profit of ₹7.77 Cr on revenue of ₹868 Cr.

Does SWARNSARITA JEWELS IND L pay a dividend?

Not in the latest reported year — SWARNSARITA JEWELS IND L's dividend payout for FY26 was nil.

Is SWARNSARITA JEWELS IND L debt-free?

No. It reported borrowings of ₹71 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹70 Cr after cash. Debt stands at 0.51× equity. That is higher than 75% of its 37 Gems, Jewellery And Watches peers.

Is SWARNSARITA JEWELS IND L expensive compared with its peers?

On trailing P/E, SWARNSARITA JEWELS IND L ranks 10 of 45 in Gems, Jewellery And Watches — cheaper than 80% of them, against an industry median of 11.8×. This is a position, not a valuation judgement.

Where can I track SWARNSARITA JEWELS IND L's announcements?

Every NSE and BSE filing by SWARNSARITA JEWELS IND L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.