Saraswati Commercial

₹5455 244.9 | 4.7%

WEBSITE BSE:512020 NSE : SARASW.COMM. 18 May, 12:50

Market Cap ₹562 Cr.

Stock P/E 8.8

P/B 1

Current Price ₹5455

Book Value ₹ 5227.6

Face Value 10

52W High ₹8426.8

Dividend Yield 0%

52W Low ₹ 2251.4

Edit Ratio

Saraswati Commercial Research see more...

Overview Inc. Year: 1983Industry: Finance - NBFC

Saraswati Commercial (India) Ltd operates as a non-deposit-taking non-banking monetary company in India. It invests and trades in shares and securities, in addition to engages in lending activities. The corporation incorporated in 1983 and is based in Mumbai, India.

Saraswati Commercial Share Price

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Peer Comparison

Saraswati Commercial Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	67	-11	11	-28	57	12	-18	30	29	40
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	67	-11	11	-28	57	12	-18	30	29	40
Total Expenditure	1	0	1	1	1	1	1	1	1	1
Operating Profit	66	-11	10	-28	57	12	-19	29	28	39
Interest Expense	0	0	1	0	0	0	1	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	66	-11	10	-29	56	11	-20	28	28	39
Provision for Tax	12	-1	3	-4	11	3	-3	4	4	6
Profit After Tax	53	-11	6	-25	45	8	-17	24	24	33
Adjustments	0	0	-0	-0	-0	0	-0	0	0	0
Profit After Adjustments	53	-11	6	-25	45	8	-17	24	24	33
Adjusted Earnings Per Share	518.4	-105	62.5	-239.9	440.7	81.5	-168.8	237.1	231.1	323.5

Saraswati Commercial Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	83	37	85	17	7	52	125	44	81
Other Income	10	4	0	0	0	0	0	0	0
Total Income	93	42	85	17	7	52	125	44	81
Total Expenditure	75	34	71	16	20	26	41	23	4
Operating Profit	18	8	14	1	-13	26	85	21	77
Interest Expense	4	3	0	0	0	2	1	2	1
Depreciation	0	0	0	0	0	0	0	0	0
Profit Before Tax	14	5	14	1	-13	25	84	19	75
Provision for Tax	0	-0	-2	0	-3	4	19	7	11
Profit After Tax	14	5	16	0	-10	21	65	12	64
Adjustments	-0	0	0	-0	0	0	-0	-0	0
Profit After Adjustments	14	5	16	0	-10	21	65	12	64
Adjusted Earnings Per Share	216.1	81.6	159.5	3.5	-96.1	213.1	630.4	113.5	622.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-65%	85%	-12%	0%
Operating Profit CAGR	-75%	0%	8%	0%
PAT CAGR	-82%	0%	-6%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	105%	42%	162%	NA%
ROE Average	3%	10%	5%	11%
ROCE Average	5%	13%	7%	9%

Saraswati Commercial Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	35	116	129	245	157	279	427	438
Minority's Interest	0	0	0	1	1	2	3	3
Borrowings	0	0	0	0	0	0	0	0
Current Liability	49	20	36	1	12	8	39	44
Other Liabilities & Provisions	-1	-2	-3	7	-5	12	30	26
Total Liabilities	84	134	163	254	164	300	498	512
Loans	0	0	0	0	0	0	0	0
Investments	25	95	87	238	137	292	412	447
Fixed Assets	0	0	0	0	0	0	0	0
Other Loans	0	1	3	1	1	1	1	1
Other Non Current Assets	0	0	0	0	0	0	0	0
Current Assets	58	38	73	15	26	8	85	63
Total Assets	84	134	163	254	164	300	498	512

Saraswati Commercial Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	2	0	0	7	0	2
Cash Flow from Operating Activities	-16	-23	-6	16	-18	-5	50	27
Cash Flow from Investing Activities	20	27	8	16	16	4	-81	-22
Cash Flow from Financing Activities	-4	-3	-3	-31	9	-7	33	-7
Net Cash Inflow / Outflow	0	1	-1	-0	7	-7	2	-2
Closing Cash & Cash Equivalent	0	2	0	0	7	0	2	0

Saraswati Commercial Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	216.13	81.59	159.49	3.51	-96.06	213.08	630.39	113.49
CEPS(Rs)	216.15	82.06	159.69	3.78	-95.97	213.13	630.76	113.75
DPS(Rs)	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	549.32	1807.47	1290.11	2444.29	1566.98	2789.14	4142.89	4253.97
Net Profit Margin	16.7	13.99	18.68	2.1	-131.24	40.77	51.89	26.63
Operating Margin	21.77	21.38	16.38	5.22	-174.22	50.49	67.61	47.45
PBT Margin	16.7	13.76	15.98	4.33	-178.16	47.59	66.88	43.45
ROA(%)	16.54	4.8	10.77	0.17	-4.6	9.17	16.27	2.32
ROE(%)	39.35	6.92	13.04	0.19	-4.79	9.78	18.4	2.71
ROCE(%)	23.31	7.92	9.82	0.44	-6.2	11.71	22.92	4.56
Price/Earnings(x)	0	0	0.1	0	0	9.47	4.76	22.04
Price/Book(x)	0	0	0.01	0	0.1	0.72	0.72	0.59
Dividend Yield(%)	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.52	0.19	0.39	0.08	2.38	3.95	2.67	6.36
EV/Core EBITDA(x)	2.37	0.88	2.36	1.47	-1.37	7.83	3.96	13.4
Interest Earned Growth(%)	0	-54.97	128.98	-80.03	-57.03	613.62	139.35	-64.89
Net Profit Growth	0	-62.26	205.77	-97.76	-2789.68	321.68	204.63	-81.98
EPS Growth(%)	0	-62.25	95.48	-97.8	-2834.56	321.82	195.84	-82
Interest Coverage(x) %	4.29	2.81	41.55	5.87	-44.13	17.43	93.02	11.84

Saraswati Commercial Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.32	72.32	72.32	72.32	72.32	72.32	72.32	72.32	72.32	72.32
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	27.68	27.68	27.68	27.68	27.68	27.68	27.68	27.68	27.68	27.68
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Others	0	0	0	0	0	0	0	0	0	0
Total	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1

Pros

Debtor days have improved from 4 to 0.77days.
Company is almost debt free.

Cons

Company has a low return on equity of 10% over the last 3 years.
The company has delivered a poor profit growth of -5% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.