BANARBEADS

Banaras Beads Limited

Glass beads manufacturer and exporter with domestic retail business

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

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Key metrics

Price as of 2026-10-16

Stock price
₹114.58
Market cap
76 Cr
Stock P/E
40.1
P/B
1.32
Dividend yield
2.0%
ROE (FY26)
3.1%
ROCE (FY26)
5.2%
Operating margin (FY26)
9.6%
Debt / equity (FY26)
0.36
OCF / EBITDA (FY26)
-116.5%
OCF / EBITDA (3Y)
-29.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Banaras Beads is a small Indian company in the gems, jewellery and watches industry that executes orders for customers, including a large US-based chain store.

Company snapshot

37thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales10 Cr4 Cr9 Cr7 Cr12 Cr6 Cr7 Cr6 Cr5 Cr8 Cr7 Cr9 Cr
Operating expenses (approx.)8 Cr3 Cr8 Cr7 Cr10 Cr5 Cr6 Cr5 Cr5 Cr7 Cr5 Cr8 Cr
EBITDA1 Cr0.43 Cr0.55 Cr0.57 Cr2 Cr0.82 Cr0.96 Cr0.92 Cr0.31 Cr1 Cr2 Cr1 Cr
OPM %12.6%11.2%6.3%8.1%15.3%14.2%13.4%14.8%6.1%14.0%26.2%15.1%
Other income0.54 Cr0.59 Cr0.78 Cr0.53 Cr0.51 Cr0.47 Cr0.48 Cr0.39 Cr0.34 Cr0.43 Cr0.46 Cr0.30 Cr
Interest0.02 Cr0.05 Cr0.06 Cr0.12 Cr0.16 Cr0.18 Cr0.20 Cr0.15 Cr0.19 Cr0.30 Cr1 Cr0.34 Cr
Depreciation0.31 Cr0.31 Cr0.22 Cr0.26 Cr0.26 Cr0.51 Cr0.36 Cr0.36 Cr0.41 Cr0.43 Cr0.36 Cr0.35 Cr
Profit before tax1 Cr0.65 Cr1 Cr0.72 Cr2 Cr0.60 Cr0.87 Cr0.80 Cr0.05 Cr0.78 Cr0.64 Cr0.97 Cr
Tax %22.9%30.7%27.1%25.0%25.3%16.7%24.5%23.8%21.6%25.7%13.8%25.8%
Net profit1 Cr0.45 Cr0.77 Cr0.54 Cr1 Cr0.50 Cr0.66 Cr0.61 Cr0.04 Cr0.58 Cr0.55 Cr0.72 Cr
EPS (₹)₹1.63₹0.68₹1.15₹0.81₹2.09₹0.75₹0.99₹0.92₹0.05₹0.87₹0.83₹1.08

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales27 Cr24 Cr17 Cr26 Cr20 Cr25 Cr27 Cr28 Cr32 Cr25 CrSign in free for the trailing twelve months
Operating expenses (approx.)24 Cr21 Cr15 Cr22 Cr17 Cr22 Cr23 Cr26 Cr27 Cr21 CrSign in free for the trailing twelve months
EBITDA4 Cr3 Cr3 Cr4 Cr3 Cr3 Cr4 Cr3 Cr4 Cr4 CrSign in free for the trailing twelve months
OPM %13.7%13.8%14.9%14.7%16.4%12.5%13.5%9.4%13.1%15.8%Sign in free for the trailing twelve months
Other income1 Cr0.96 Cr0.84 Cr0.91 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Interest0.15 Cr0.08 Cr0.30 Cr0.11 Cr0.20 Cr0.25 Cr0.79 Cr0.26 Cr0.67 Cr2 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr2 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 CrSign in free for the trailing twelve months
Profit before tax3 Cr2 Cr2 Cr3 Cr3 Cr4 Cr3 Cr4 Cr4 Cr2 CrSign in free for the trailing twelve months
Tax %40.6%40.3%27.3%27.6%24.6%23.3%25.5%25.4%23.8%21.6%Sign in free for the trailing twelve months
Net profit2 Cr1 Cr1 Cr2 Cr2 Cr3 Cr3 Cr3 Cr3 Cr2 CrSign in free for the trailing twelve months
EPS (₹)₹2.51₹2.08₹1.74₹3.53₹3.61₹4.40₹3.83₹4.15₹4.65₹2.69Sign in free for the trailing twelve months
Dividend payout %————0.0%45.4%52.2%48.2%48.4%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr
Reserves37 Cr38 Cr39 Cr41 Cr43 Cr45 Cr46 Cr48 Cr49 Cr51 Cr
Borrowings1 Cr2 Cr0.84 Cr—4 Cr6 Cr0.29 Cr3 Cr9 Cr21 Cr
Other liabilities3 Cr3 Cr2 Cr2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr2 Cr
Total liabilities48 Cr49 Cr48 Cr50 Cr56 Cr60 Cr56 Cr60 Cr67 Cr81 Cr
Fixed assets (net)13 Cr11 Cr10 Cr19 Cr18 Cr9 Cr9 Cr8 Cr10 Cr17 Cr
CWIP—9 Cr9 Cr0 Cr0 Cr0.38 Cr0.25 Cr0.45 Cr0 Cr0 Cr
Investments3 Cr3 Cr3 Cr5 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Loans & advances——1 Cr3 Cr8 Cr2 Cr0 Cr3 Cr0 Cr0 Cr
Inventories11 Cr14 Cr14 Cr11 Cr12 Cr19 Cr22 Cr23 Cr26 Cr32 Cr
Trade receivables0.72 Cr0.79 Cr0.70 Cr0.29 Cr3 Cr5 Cr6 Cr7 Cr5 Cr8 Cr
Cash & bank2 Cr0.90 Cr1 Cr0.98 Cr1 Cr2 Cr0.92 Cr0.30 Cr1 Cr0.39 Cr
Other assets18 Cr10 Cr9 Cr10 Cr11 Cr21 Cr15 Cr15 Cr21 Cr21 Cr
Total assets48 Cr49 Cr48 Cr50 Cr56 Cr60 Cr56 Cr60 Cr67 Cr81 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity5 Cr4 Cr0.34 Cr4 Cr-6 Cr-4 Cr-4 Cr-3 Cr5 Cr-5 Cr
Cash from investing0.72 Cr-8 Cr0.51 Cr-3 Cr3 Cr10 Cr0.95 Cr13 Cr-17 Cr-3 Cr
Cash from financing-4 Cr0.08 Cr-1 Cr-0.90 Cr4 Cr-0.06 Cr-8 Cr1 Cr3 Cr10 Cr
Net cash flow2 Cr-4 Cr-0.30 Cr-0.11 Cr1 Cr6 Cr-11 Cr11 Cr-9 Cr3 Cr
Free cash flow (OCF − Capex)5 Cr-5 Cr0.08 Cr—-6 Cr-4 Cr-6 Cr-3 Cr2 Cr-13 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.6%5.2%4.1%7.0%6.2%7.1%7.9%6.9%7.3%5.2%
ROE %3.8%3.1%2.5%4.9%4.8%5.7%4.8%5.1%5.5%3.1%
Debtor days10121544867848659118
Inventory days392304766454585509692731677954
Days payable2871550202114315
Cash conversion cycle3733087664536335557558037331058
OCF / EBITDA %146.3%135.4%13.0%96.2%-170.4%-128.3%-122.2%-131.2%120.6%-116.5%
OCF / EBITDA % (3 years)——106.8%87.3%-17.9%-59.4%-140.1%-126.8%-28.3%-29.5%
Debt / equity0.030.040.020.000.090.110.00550.060.150.36
Current ratio——9.5212.7040.495.0212.139.863.502.67
Net debt / EBITDA-0.330.31-0.23-0.260.961.24-0.171.131.745.02