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Swing Capital

Banaras Beads Ltd

NSE: BANARBEADS BSE: 526849

Incorporated in 1980, Banaras Beads Ltd is in the business of Manufacturing and export of Handicraft items like Glass Beads; Necklaces, Imitation Jewelry, etc.[1]

₹114
52W: ₹96.8 — ₹172
PE 40 · Book ₹85.1 · +34% vs book
Market Cap₹75.6 Cr
Stock P/E40Price to Earnings
ROCE7.76%Return on Capital
ROE5.61%Return on Equity
Div. Yield1.98%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 49.4%
  • +Debtor days have improved from 76.4 to 59.0 days.

Weaknesses

  • −The company has delivered a poor sales growth of 4.13% over past five years.
  • −Company has a low return on equity of 5.21% over last 3 years.
  • −Earnings include an other income of Rs.1.64 Cr.

Shareholding Pattern

Promoters58.48%
FIIs0%
DIIs0%
Public41.51%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.14%58.14%58.14%58.14%58.14%58.14%58.14%58.48%▲0.3
FIIs0%0%0.04%▲0.00.04%0.04%0%▼0.00%0%
DIIs0%0%0%0%0%0%0%0%
Public41.85%41.85%41.81%▼0.041.81%41.8%▼0.041.86%▲0.141.84%▼0.041.51%▼0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales9.523.88.697.0811.555.747.26.215.057.72
Expenses8.333.388.146.519.784.926.245.294.746.64
Operating Profit1.190.420.550.571.770.820.960.920.311.08
OPM %12.5%11.05%6.33%8.05%15.32%14.29%13.33%14.81%6.14%13.99%
Net Profit1.080.450.770.541.390.50.660.610.040.58
EPS ₹1.630.681.160.812.090.750.990.920.060.87

AI Insights

Revenue Trend

TTM revenue at ₹26.18Cr, down 17% YoY. OPM at 12.49%.

Debt Position

Borrowings at ₹15.52Cr. Debt-to-equity ratio: 0.31x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 58.48%.

Margin & Efficiency

ROCE declining from 11.02% (Mar 2014) to 7.76% (Mar 2025). Working capital days: 262.76.

Valuation

PE 40x with 7.76% ROCE. Price is 34% above book value of ₹85.1. Dividend yield: 1.98%.

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