Banaras Beads Ltd
NSE: BANARBEADS · Gems, Jewellery And Watches · sector
₹105.88NSE close 2026-10-26
Key numbers
Market cap₹70 cr
Price₹105.88
52w high / low₹165 / ₹96
P/E37.4xSector median 16.4x
P/B1.2xSector median 1.9x
Book value₹87.4
Dividend yield–Sector median 0.46%
ROE3.3%Sector median 14.7%
ROCE5.7%Sector median 15.0%
OPM15.7%Sector median 6.6%
Debt / equity0.36xSector median 0.26x
EV/EBITDA19.0xSector median 15.4x
Interest cover2.2x
Current ratio2.67x
Sales growth 3y-1.9%Sector median +25.6%
Profit growth 3y-11.3%Sector median +26.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹5 cr vs borrowings ₹21 cr (FY26): borrowings are higher by ₹15 cr.
- Borrowings rose in each of the last 3 years (₹0 cr → ₹21 cr).
- Operating profit covered interest 2.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 81% of net profit in the last 12 months.
- Debtor days went from 86 (FY24) to 119 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹105.88 on 2026-10-26: -35.7% from the 52-week high, +10.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹151.13 · low ₹99.59
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 6 | 7 | 6 | 5 | 8 | 7 | 9 |
| EBITDA | 2 | 1 | 1 | 1 | 0 | 1 | 2 | 1 |
| OPM % | 15.3% | 14.3% | 13.3% | 14.8% | 6.1% | 14.0% | 26.3% | 15.0% |
| Other income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| EPS (₹) | 2.09 | 0.75 | 0.99 | 0.92 | 0.05 | 0.87 | 0.83 | 1.08 |
| Revenue YoY | -56.3% | +34.5% | -9.6% | +45.9% | ||||
| Profit YoY | -97.1% | +16.0% | -16.7% | +18.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 25 | 27 | 28 | 32 | 25 | 28 |
| EBITDA | 3 | 4 | 3 | 4 | 4 | 4 |
| Net profit | 3 | 3 | 3 | 3 | 2 | 2 |
| EPS (₹) | 4.40 | 3.83 | 4.15 | 4.65 | 2.69 | 2.83 |
| Revenue growth | +7.4% | +4.6% | +11.8% | -19.2% | -7.7% | |
| Profit growth | -13.0% | +8.3% | +12.4% | -42.7% | -40.3% | |
| Dividend / share (₹) | 2.00 | 2.00 | 2.00 | 2.25 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.9% | +4.5% | -7.7% |
| Net profit | -11.3% | -5.8% | -40.3% |
| EPS | -11.1% | -5.7% | – |
| Share price | – | -9.1% (2y) | -26.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 53 | 54 | 56 | 58 |
| Borrowings | – | 0 | 3 | 9 | 21 |
| Cash & equivalents | – | 1 | 15 | 3 | 5 |
| Total assets | – | 56 | 60 | 67 | 81 |
| Fixed assets | – | 9 | 8 | 10 | 17 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 3 | 3 |
| Receivables | – | 6 | 7 | 5 | 8 |
| Inventory | – | 22 | 23 | 26 | 32 |
| Payables | – | 1 | 0 | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -4 | -4 | -3 | 5 | -5 |
| Cash from investing | 10 | 1 | 13 | -17 | -3 |
| Cash from financing | -0 | -8 | 1 | 3 | 10 |
| Capex | 0 | 1 | 0 | 3 | 8 |
| Free cash flow | -4 | -6 | -3 | 2 | -13 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.8% | 5.1% | 5.5% | 3.1% |
| ROCE % | – | 7.9% | 6.9% | 7.3% | 5.2% |
| Debtor days | – | 84 | 86 | 59 | 119 |
| Inventory days | – | 898 | 801 | 797 | 1,667 |
| Payable days | – | 27 | 15 | 3 | 26 |
| Cash conversion cycle (days) | – | 955 | 872 | 853 | 1,760 |
| Working capital days | – | 386 | 579 | 297 | 420 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.48% |
| FIIs | 0.00% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 41.51% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.14% | 58.14% | 58.14% | 58.14% | 58.14% | 58.48% | 58.48% | 58.48% |
| Promoter group | % |
|---|---|
| Ashok Kumar Gupta | 13.43% |
| Rekha Gupta | 11.21% |
| Siddharth Gupta | 10.63% |
| Ashok Kumar Gupta HUF | 8.26% |
| Shivani Gupta | 7.79% |
| Prashant Gupta | 7.16% |
| Deepali Gupta | 0.00% |
| Public holders above 1% | % |
|---|---|
| RAM Gulam Kanhaiya LAL Charitable Trust | 14.72% |
| Investor Education and Protection Fund | 4.65% |
| Mita Dipak Shah | 2.35% |
| Dipak Kanayalal Shah | 1.06% |
5,861 shareholders. Pledged: 0.00% of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| BANARBEADS | ₹70 cr | 37.4x | 1.2x | 3.3% | 5.7% | 15.7% | -1.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-02-07 | Dividend | Interim Dividend - Rs 2.25 Per Share |
| 2024-07-25 | Other | Annual General Meeting |
| 2024-02-12 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2023-07-07 | Other | Annual General Meeting |
| 2023-01-30 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2022-08-10 | Other | Annual General Meeting |
| 2021-11-11 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2021-07-19 | Other | Annual General Meeting |
| 2020-09-02 | Other | Annual General Meeting |
| 2019-07-31 | Other | Annual General Meeting |
| 2018-08-08 | Other | Annual General Meeting |
| 2017-09-20 | Dividend | Annual General Meeting/ Dividend -Re 1/- Per Share |
| 2016-07-27 | Other | Annual General Meeting |
| 2016-03-16 | Dividend | Interim Dividend - Rs 2.50 Per Share (Purpose Revised) |
| 2015-08-05 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2014-06-27 | Dividend | Annual General Meeting/Dividend - Rs.2/- Per Share |
| 2013-06-27 | Other | Annual General Meeting |
| 2013-02-04 | Dividend | Interim Dividend Rs 2.50 Per Share (Purpose Revised) |
| 2012-06-28 | Dividend | Annual General Meeting/Dividend Rs 1.50 Per Share |
| 2011-09-14 | Dividend | Interim Dividend Rs.2.50 Per Share (Purpose Revised) |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | BANARBEADS |
| BSE code | 526849 |
| ISIN | INE655B01011 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.