About

Saraswati Saree Depot Limited operates in garments and apparels focused on sarees within the consumer discretionary sector. With a market cap of ₹243 Cr and quarterly revenue typically ₹140–150 Cr, it is a small-cap player dependent on discretionary spending cycles.

Face value: ₹10

Market cap

₹275 Cr

P/E

11.6×

P/B

1.4×

Dividend yield

4.3%

ROE

12.6%

ROCE

16.2%

Debt / equity

0

OPM

5.1%

EPS (TTM)

₹6.0

Book value

₹49.2

52-week high

₹88.7

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compression: OPM fell from 7.48% (Sep 2024) to 3.17% (Mar 2026), with current 5.29% (Jun 2026) still well below historical levels; verify root causes and cost-structure stability

Thin current margins (5.29% OPM) provide minimal buffer against input-cost inflation or discretionary-spending shocks

Earnings decline: EPS fell from ₹2.42 (Sep 2024) to ₹1.7 (Jun 2026), and stock dropped 31.6% in 1 year; verify demand trends and cost-remediation plans

Revenue volatility: Sep 2024 at ₹164.75 Cr with recent quarters at ₹133–148 Cr; verify whether this represents seasonal pressure or structural demand weakness

Generated analysis · source review pending

Growth drivers

Margin recovery to 7.48% (Sep 2024 level) from current 5.29% would increase EPS approximately 60% without revenue growth; identify cost pressures and remediation

Revenue growth back toward Sep 2024 peak of ₹164.75 Cr (Jun 2026 at ₹147.59 Cr) combined with margin recovery would compound profit gains; verify market-demand recovery

Zero debt (D/E = 0) provides balance-sheet capacity for expansion or strategic investment; clarify capital-allocation priorities

Generated analysis · source review pending

₹69.4-20.3%1Y

Beta

1.01

Moves with the index

Volatility (1y)

49.1%

Annualised, daily returns

RSI (14)

51.5

Neither overbought nor oversold

Rel. strength (1y)

-30.3%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 31.2×
+Dividend yield of 4.3%
+Dividend payout of 50.2% of profit
+High promoter holding of 75% with no pledge

Cons

−Thin operating margin of 5.1%

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 54
Growth: 25
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Page Industries LimitedPAGEINDPAGEIND	₹41,059 Cr	₹41,071 Cr	₹5,351 Cr	₹1,147 Cr	22%	₹756 Cr	14.6%	65.7%	52.5%	138
Arvind LimitedARVINDARVIND	₹13,997 Cr	₹15,438 Cr	₹9,798 Cr	₹1,067 Cr	10.8%	₹414 Cr	4.6%	16.2%	10.6%	73
Pearl Global Industries LimitedPGILPGIL	₹5,835 Cr	₹6,522 Cr	₹5,325 Cr	₹515 Cr	9.2%	₹310 Cr	5.4%	24.9%	21.2%	55
Gokaldas Exports LimitedGOKEXGOKEX	₹5,049 Cr	₹6,026 Cr	₹4,185 Cr	₹371 Cr	8.9%	₹103 Cr	2.5%	9.9%	4.7%	155
Lux Industries LimitedLUXINDLUXIND	₹3,287 Cr	₹3,867 Cr	₹2,933 Cr	₹187 Cr	6.1%	₹102 Cr	3.6%	10%	5.8%	263
Kewal Kiran Clothing LimitedKKCLKKCL	₹2,930 Cr	₹2,978 Cr	₹1,258 Cr	₹250 Cr	19.6%	₹148 Cr	12.6%	18.9%	16.1%	201
Sbc Exports LimitedSBCSBC	₹2,788 Cr	₹3,015 Cr	₹452 Cr	₹41 Cr	8.3%	₹40 Cr	6.3%	44.4%	37.2%	143
S. P. Apparels LimitedSPALSPAL	₹2,348 Cr	₹2,749 Cr	₹1,576 Cr	₹226 Cr	13.8%	₹105 Cr	6.4%	18.9%	11.2%	156
Kitex Garments LimitedKITEXKITEX	₹2,328 Cr	₹3,527 Cr	₹629 Cr	₹4 Cr	4.3%	₹-50 Cr	-2%	1.4%	-1.3%	173
Cantabil Retail India LimitedCANTABILCANTABIL	₹1,878 Cr	₹1,878 Cr	₹873 Cr	₹275 Cr	31%	₹97 Cr	11.2%	19.6%	22%	337
Dollar Industries LimitedDOLLARDOLLAR	₹1,543 Cr	₹1,820 Cr	₹1,887 Cr	₹205 Cr	10.6%	₹112 Cr	5.7%	17.1%	11.9%	236
Monte Carlo Fashions LimitedMONTECARLOMONTECARLO	₹1,082 Cr	₹1,411 Cr	₹1,286 Cr	₹220 Cr	17.8%	₹105 Cr	8.8%	17.5%	12.9%	384

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2025	Mar 2026
	614	631
COGS	535	568
Gross profit	79	63
	37	31
	42	32
OPM %	6.9%	5.1%
Depreciation	5	6
Interest	1	1
	4	6
Profit before tax	41	31
Tax	10	8
Tax %	25.1%	25%
	31	23
PAT margin %	5%	3.7%
EPS (₹)	7.7	5.9
EPS adjusted (₹)	7.7	5.9
	29.4%	—
Annual report	Annual report for Mar 2025	—

₹ Cr	Mar 2025	Mar 2026
Equity capital	40	40
Reserves	138	155
	4	0
	108	92
Total equity & liabilities	290	287
	7	7
CWIP	—	—
Investments	8	8
	275	272
Total assets	290	287

₹ Cr	Mar 2025	Mar 2026
	2	36
	-8	-1
	42	-12
Net cash flow	37	23
Free cash flow	2	34
CFO / Operating profit %	5.8%	112.3%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 3%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: -23%

Stock price CAGR

10 years: —
5 years: —
3 years: —
1 year: -22%

Return on equity

7 years: —

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	12.9%	10%
EBITDA margin %	6.9%	5.1%
EBIT margin %	6.1%	4.2%
PAT margin %	5%	3.7%
Working capital
Receivable days	51	42
Inventory days	86	78
Payable days	63	56
NWC days	73	63
Leverage
Current ratio	2.63	2.98
Debt to EBITDA	0.1	0
Debt to equity	0.02	0
Interest coverage	39.1	31.2
Asset turnover	2.12	2.2
Return ratios
Return on assets %	10.5%	8.2%
Return on capital employed %	21.7%	16.2%
Return on equity %	17.2%	12%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.75%	74.75%	74.75%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
	3.32%	0.26%	0.27%	0.17%	0.15%	0.14%	0.03%	0.02%	0%
DII	7.43%	0.02%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%
	14.5%	24.97%	24.98%	24.85%	24.87%	24.88%	24.99%	25%	25.02%
No. of shareholders	—	—	—	—	—	46,718	44,651	43,082	41,931

Promoter holding up 0.23 percentage points since Jun 2024.

32 deals · 20 Aug 2024 – 24 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Sept 2024	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	2,11,346	₹161.65	₹3.42 Cr
24 Sept 2024	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	1,91,346	₹163.22	₹3.12 Cr
20 Sept 2024	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	8,31,551	₹170.12	₹14.15 Cr
20 Sept 2024	SAHASTRAA ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	8,06,551	₹169.91	₹13.70 Cr
20 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	4,00,833	₹169.04	₹6.78 Cr
20 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	3,89,092	₹169.32	₹6.59 Cr
20 Sept 2024	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	NSE	Sell	3,72,143	₹169.87	₹6.32 Cr
20 Sept 2024	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	NSE	Buy	1,45,000	₹170.17	₹2.47 Cr
19 Sept 2024	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	NSE	Buy	15,27,624	₹167.04	₹25.52 Cr
19 Sept 2024	TOPGAIN FINANCE PRIVATE LIMITED	Bulk	NSE	Sell	11,77,666	₹166.34	₹19.59 Cr

1–10 of 32

1 / 4

Mr. RAJESH SUJANDAS DULHANIExecutive Director-Chairperson
Mr. VINOD SHEVAKRAM DULHANIExecutive Director-CEO-MD
Mr. MAHESH SAJANDAS DULHANIExecutive Director
Mr. YATIRAJ SHIVPRATAP MARDANon-Executive - Independent Director
Mr. AMAR SAMPATRAO THORATNon-Executive - Independent Director
Mrs. PALLAVI ASHISH KORGAONKARNon-Executive - Independent Director
Ms. Vidhi Bharat OswalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Saraswati Saree Depot Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

1

Annual Report FY2025from bse Summary

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Interim Dividend - Rs. - 3.000030 Sept 2026 · 3 days agodividend

3

Interim dividend30 Sept 2026 · ex-date₹3
Interim dividend9 Apr 2025 · ex-date₹1.52
Interim dividend18 Feb 2025 · ex-date₹2.27

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

60 announcementsExport CSV

14 Feb 2026, 5:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency Report PDF

14 Feb 2026, 5:03 pmResult

Financial Results For The Quarter And Nine Months Ended December 31, 2025.

Financial Results PDF

14 Feb 2026, 4:55 pmBoard Meeting

Board Meeting Outcome for Financial Results For The Quarter And Nine Months Ended December 31, 2025.

Outcome of Board Meeting PDF

20 Jan 2026, 4:28 pmBoard Meeting

Board Meeting Intimation for Board Meeting Scheduled To Be Held On Saturday, 14Th February, 2026.

Exchange filing PDF

8 Jan 2026, 10:06 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

3 Jan 2026, 4:33 pmAGM/EGM

Saraswati Saree Depot Ltd - 544230 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

3 Jan 2026, 4:30 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Postal Ballot PDF

26 Dec 2025, 6:01 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Date	Category	Subject	Filing
14 Feb 2026, 5:33 pm	Company Update Monitoring Agency Report	Announcement under Regulation 30 (LODR)-Monitoring Agency Report	PDF
14 Feb 2026, 5:03 pm	Result Financial Results	Financial Results For The Quarter And Nine Months Ended December 31, 2025.

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Saraswati Saree Depot Limited

Saraswati Saree Depot Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Upcoming and recent1

Dividends3

Board meetings1

Announcements

Not in the F&O segment

Announcements

Annual reports

Upcoming and recent1

Dividends3

Board meetings1

Ratio timeline

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

3

1

1

3

1