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Prices as of 8 Oct 2026 close · Not investment advice

Banaras Beads Limited

NSE: BANARBEADSGems, Jewellery And Watches

Share price

₹108.41

-1.70% close of 9 Oct 2026

Market cap ₹71 CrP/E 38.5 (as of 8 Oct 2026)

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

45

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹71 Cr

P/E ratio

38.5

P/B ratio

1.3

ROCE

5.7%

ROE

3.1%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹151.1652-week low ₹98.30

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 7.7% over the past year. Meanwhile what it keeps of every 100 rupees of sales improved from 12.4% to 15.4% over the last four years.

Whether it grew faster than its sector

It grew -0.3% a year against a sector median of 11.3% — 11.5 percentage points slower.

Room to re-rate, or risk of de-rating

At 38.5× earnings it costs 1.6× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 21.9×, across 5 companies. It is against its own five-year median of 24.6×, the 85th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Banaras Beads Limited — this one-11%/yr38.5×—
Ethos Limited16%/yr66.5×₹4.2
Senco Gold Limited54%/yr9.7×₹0.18
D. P. Abhushan Limited67%/yr21.7×₹0.32
KDDL Limited18%/yr47.4×₹2.6
Goldiam International Limited30%/yr21.9×₹0.73

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Gems, Jewellery And Watches), it ranks 35 of 38 on returns, 31 of 35 on growth, 10 of 40 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 5.7% on capital, ahead of 8% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹12 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹6 crore to ₹21 crore. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 297.9 days for its cash to waiting 341.9 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹71 Cr
Prev close
₹108.41
52w High
₹165
52w Low
₹96.1
Enterprise value
₹92 Cr
Beta
0.6
Price CAGR 1y
-23.0%
Price CAGR 3y
6.0%
Price CAGR 5y
7.0%
Price CAGR 10y
10.0%

Ratios

Return on assets
2.2%
PEG ratio
-3.4
P/E ratio
38.5
P/B ratio
1.3
EV / EBITDA
22.9
Industry P/E
21.3
ROCE
5.7%
ROCE 5y average
6.9%
ROE
3.1%
Debt / Equity
0.4
Interest coverage
2.3
Dividend yield
0.0%
ROE 3y average
5.0%
ROE last year
3.0%

Annual P&L

Annual revenue
₹25 Cr
Annual profit
₹2 Cr
Operating margin
15.8%
Net profit margin
6.9%
EBITDA margin
15.8%
Sales growth 3y
-1.9%
Sales growth 5y
4.5%
Profit growth 3y
-11.0%
Profit growth 5y
-5.0%
EPS
₹2.7
Sales growth TTM
-8.0%
Profit growth TTM
-40.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹9 Cr
Profit latest quarter
₹1 Cr
YoY quarterly sales growth
45.9%
YoY quarterly profit growth
18.0%
OPM latest quarter
15.0%

Balance Sheet

Book Value
₹87.3
Face Value
₹10.0
Total debt
₹21 Cr
Total cash
₹5 Cr
Borrowings
₹21 Cr
Reserves / Equity
7.7

Cash Flow

Operating cash flow
-₹5 Cr
Free cash flow
-₹13 Cr
FCF yield
-20.3%
Net cash flow
₹3 Cr

Shareholding

Promoter holding
58.5%
FII holding
0.0%
DII holding
—
Public holding
41.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Titan Company4,377.0066.73,89,4400.341,777.062.921,356.029.320.5
Kalyan Jewellers569.0040.258,7800.44348.732.010,588.945.721.1
Lalithaa Jewel394.8523.122,1170.00208.4-21.16,039.626.238.0
Thangamayil Jew.4,803.0038.014,9260.3785.186.22,666.471.225.5
Sky Gold & Diam.876.9540.513,5630.00104.9136.92,012.877.926.9
PC Jeweller13.1416.612,8770.00221.937.0877.021.09.6
Bluestone Jewel831.10225.512,7010.006.0120.2736.949.66.8
Banaras Beads110.2737.7710.000.718.09.145.95.7
Median271.0320.61,2480.0021.549.8378.639.021.6

Competes with: BlueStone Jewellery and Lifestyle Limited, Ethos Limited, Kalyan Jewellers India Limited, Lalithaa Jewellery Mart Limited, P N Gadgil Jewellers Limited, PC Jeweller Limited, SKY GOLD AND DIAMONDS LIMITED, Thangamayil Jewellery Limited, Titan Company

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6.229.523.808.697.08125.747.206.215.057.726.519.06
Expenses5.748.333.388.146.519.784.926.245.294.746.644.807.70
Material Cost4.052.323.052.663.997.15
Change in Inventories-1.56-0.32-1.640.37-3.54-4.35
Purchases of Stock-in-Trade000000
Employee Cost1.681.241.361.541.771.51
Other Expenses2.072.041.972.072.593.39
Operating Profit0.481.190.420.550.571.770.820.960.920.311.081.711.36
OPM %7.7213116.338.05151413156.14142615
Other Income0.540.540.590.780.530.510.470.480.390.340.430.460.30
Exceptional items (within Other Income)000000
Interest0.130.020.050.060.120.160.180.200.150.190.301.170.34
Depreciation0.310.310.310.220.260.260.510.360.360.410.430.360.35
Profit before tax0.581.400.651.050.721.860.600.880.800.050.780.640.97
Tax %22233127252517252420261426
Net Profit0.451.080.450.770.541.390.500.660.610.040.580.550.72
EPS in Rs0.681.630.681.160.812.090.750.990.920.060.870.831.08
Diluted EPS in Rs0.990.920.050.870.831.08

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales24252724172620252728322528
Expenses20222421152217222326272124
Material Cost1412
Change in Inventories-2.08-5.12
Purchases of Stock-in-Trade00
Employee Cost5.685.90
Other Expenses9.698.67
Operating Profit3.982.763.743.282.573.873.353.153.642.644.134.024.46
OPM %1711141415151613149.36131616
Other Income1.196.301.320.960.840.821.482.191.802.451.991.621.53
Exceptional items (within Other Income)00
Interest0.190.670.150.080.300.110.200.250.790.260.671.802
Depreciation2.352.132.101.841.521.351.461.281.231.151.391.571.55
Profit before tax2.636.262.812.321.593.233.173.813.423.684.052.262.44
Tax %393141412828252325252422
Net Profit1.614.321.671.381.162.342.392.922.542.753.091.771.89
EPS in Rs2.436.512.522.081.753.533.604.403.834.144.662.672.84
Diluted EPS in Rs4.652.69
Dividend Payout %4138400000455248480

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
0%
5 years
4%
3 years
-2%
TTM
-8%

Compounded profit growth

10 years
6%
5 years
-5%
3 years
-11%
TTM
-40%

Stock price CAGR

10 years
10%
5 years
7%
3 years
6%
1 year
-23%

Return on equity

10 years
4%
5 years
5%
3 years
5%
Last year
3%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6.616.616.616.616.616.616.616.616.616.616.616.60
Reserves333637383941434546484951
Borrowings155.091.101.900.8404.335.800.293.298.5821
Other Liabilities3.865.213.072.741.912.161.722.342.792.282.212.37
Total Liabilities595248494850566056606781
Fixed Assets141413119.8019188.628.758.441017
CWIP0008.849.04000.380.250.4500
Investments6.193.673.193.123.154.893.123.133.043.032.982.98
Other Assets383532262626354844485361
Total Assets595248494850566056606781

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12.725.494.430.333.64-9.31-4-4.45-3.474.97-4.68
Cash from Investing Activity-7.343.790.72-8.370.51-2.852.89100.9513-17-2.97
Cash from Financing Activity13-13-4.060.08-1.14-0.904.27-0.10-7.621.423.1410
Net Cash Flow6.53-6.452.15-3.86-0.30-0.11-2.155.97-1111-9.022.51
Free Cash Flow-1.330.964.57-4.900.071.77-9.584.40-5.67-4.492.32-13

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8.52209.6212154.114867848659119
Inventory Days550469318443857483
Days Payable11322311175.54
Cash Conversion Cycle5484573044448554814867848659119
Working Capital Days9.91187199186312211335298371385263342
ROCE %5.964.216.265.264.097.316.236.287.627.097.765.71

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters585858585858585858585858
FIIs000000.040.040.040000
Public424242424242424242424242
No. of Shareholders6,5386,5926,8066,6646,9027,5027,1597,0087,1566,5216,0245,978

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -25.8% (₹146.05 → ₹108.41)Brick size ₹6.09 (fixed)Bricks 20
₹120₹140₹108Dec '25Mar '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹108.41 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

10,48,971inr

2026-03-31

News

News and filings about Banaras Beads Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • agate
  • aluminium
  • bone
  • brass
  • ceramics
  • clay
  • copper
  • cotton wax cords
  • glass
  • horn
  • lac
  • leather cords
  • packing material
  • resin
  • semi-finished beads and components
  • semiprecious stones
  • stores and consumables

Depends on the price of

  • aluminium
  • copper

Sells to

  • Walmart · glass beads, necklaces, imitation jewellery and handicraft items (AR FY26: 'On behalf of B…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Consumer Durables
Industry
Gems, Jewellery And Watches
Classification
Consumer Durables › Gems, Jewellery And Watches
ISIN
INE655B01011

Plants

  • Banaras Beads Tadia Factory
  • Banaras Beads Varanasi Industrial Estate Works

News impact

Big market events that reach Banaras Beads Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

7 Feb 2025interim₹2.25
12 Feb 2024interim₹2
30 Jan 2023interim₹2
11 Nov 2021interim₹2
20 Sep 2017unspecified₹1
16 Mar 2016interim₹2.5
5 Aug 2015unspecified₹1
27 Jun 2014unspecified₹2

Splits, bonuses & buybacks

  • daily-prices repair: 11 rows from NSE's archive (replace 4, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.