Saraswati Saree Depot
- Market cap
- ₹ 230 Cr.
- P/E
- 9.2x
- P/B
- 1.22x
- 52-week range
- 46.15 – 87
- ROE
- 13%
- ROCE
- 17%
- Dividend yield
- 0%
- Debt / equity
- 0
- Sector
- Textiles & Apparels
- Industry
- Garments & Apparels
- Listed on
- NSE, BSE
About
Saraswati Saree Depot Limited is an India-based company. The Company is engaged in the trading of women's apparel, including sarees, kurtis, dress materials, blouse pieces, lehengas, and bottoms, among others, on a business-to-business (B2B) basis. It sources sarees and other women's apparel from more than 900 weavers/suppliers across different states in India. Its product catalogue consists of more than 3,00,000 different SKUs. Its other product offerings consist of shirt and pant pieces for men and other women's apparel accessories. It offers a range of weaving styles, such as Banarsi, Paithani, Kanjivaram, Maheshwari, Patola, Handloom, Bomkai, Gadwal, Tanchoi, Bandhani, and Dharmavaram. It operates from two stores which are located in Kolhapur, Maharashtra and Ulhasnagar, Maharashtra. It serves its products in southern and western regions comprising mainly Maharashtra, Goa, Karnataka, and Tamil Nadu.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Garments & Apparels: 62 companies →Saraswati Saree Depot against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)9.2 against a typical 18.7: cheaper than most peers (1st = cheapest).9th of 62
- Sales growth+1.9% against a typical +8.8% from a year earlier.28th of 46
- Profit growth+4.1% against a typical +4.1% from a year earlier.21st of 41
- Share price, 3 months+25.8% against a typical −6%.6th of 55
- Size₹ 230.2 Cr. market value against a typical ₹ 152.5 Cr. (1st = largest).24th of 58
Latest announcements
Exchange filings and their impact on the company.
- GST authority imposed Rs 0.32 cr penalty over IPO-related input credit which the company will appeal.
Saraswati Saree Depot received a GST order on October 19, 2026 from the Joint Commissioner, CGST Kolhapur imposing a total penalty of Rs 32.09 lakh for alleged inadmissible input tax credit on IPO-related expenses. The order follows a December 2025 show cause notice from DGGI Pune which the company had contested in January 2026. The company says it does not accept the order, will challenge it in appeal, and does not expect any material financial or operational impact.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 24 Sep 2026 | Dividend | To consider dividend |
| 14 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 14 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 129 | 130 | 123 | 130 | 165 | 182 | 136 | 145 | 208 | 144 | 134 | 148 |
| Expenses | 123 | 120 | 117 | 123 | 152 | 169 | 127 | 136 | 194 | 140 | 129 | 140 |
| Operating Profit | 6 | 11 | 6 | 8 | 12 | 13 | 9 | 9 | 14 | 5 | 4 | 8 |
| OPM % | 4.6% | 8.2% | 5% | 6% | 7.5% | 7% | 6.7% | 6.2% | 6.8% | 3.3% | 3.2% | 5.3% |
| Other Income | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 |
| Interest | 1 | 1 | 1 | 1 | 0 | 1 | −1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 10 | 6 | 8 | 13 | 10 | 10 | 9 | 14 | 4 | 4 | 9 |
| Tax % | 22.6% | 25.1% | 25.2% | 22.3% | 24.8% | 24.3% | 28.7% | 26.1% | 24.9% | 24.4% | 23.7% | 25.8% |
| Net Profit | 4 | 8 | 4 | 6 | 10 | 8 | 7 | 6 | 11 | 3 | 3 | 7 |
| EPS in Rs | 1.29 | 2.35 | 1.29 | 1.84 | 2.42 | 1.99 | 1.78 | 1.6 | 2.65 | 0.81 | 0.84 | 1.67 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 2%
- TTM
- 1%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 1%
- TTM
- −23%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 31%
- 3 Years
- 23%
- TTM
- —
P/E and EPS over time
Daily price to earnings ratio.
Peers
Listed companies in the same business.
| Saraswati Saree Depot | ₹ 67.55 | ₹ 230 Cr. | 9.2x | 1.2x | 13% | — |
| Page Industries | ₹ 33,774.65 | ₹ 37,672 Cr. | 56.1x | 29.6x | 52.5% | 14.6% |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 23.5x | 1.8x | 7.3% | 7.6% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 57.5x | 3.3x | 5.4% | 3% |
| Alok Industries | ₹ 8.10 | ₹ 4,022 Cr. | — | — | — | −20% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 63.1x | 2.8x | 4.7% | 2.5% |
Management
- Rajesh Sujandas Dulhani
- Executive Chairman of the Board
- Vinod Shevakram Dulhani
- Chief Executive Officer, Managing Director, Executive Director
- Mahesh Suwalal Vyas
- Chief Financial Officer
- Vidhi Bharat Oswal
- Company Secretary and Compliance Officer
- Mahesh Sajandas Dulhani
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.