Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹5202 Cr.
Stock P/E
9.1
P/B
2
Current Price
₹317.4
Book Value
₹ 159.3
Face Value
5
52W High
₹430
52W Low
₹ 275.7
Dividend Yield
0.55%

Senco Gold Overview

Business

Senco Gold Ltd. is a prominent Indian jewelry retailer. The company's core business involves the design, manufacture, and sale of a wide range of jewelry products, including gold, diamond, platinum, and silver jewelry, along with various precious and semi-precious stones. Senco Gold operates on a multi-channel retail model, selling its products through a network of company-owned stores, franchisee-owned stores, and online platforms. The company primarily makes money through the sale of these finished jewelry products, capitalizing on craftsmanship, design innovation, and brand trust to attract customers for occasions like weddings, festivals, and personal adornment.

Revenue Mix

The primary revenue segments for Senco Gold Ltd. are Gold Jewelry and Diamond & Studded Jewelry. While the exact percentage mix fluctuates with market trends and consumer preferences, gold jewelry typically constitutes the larger portion of revenue for most traditional Indian jewelers due given its cultural significance and investment appeal. The company also offers silver and platinum jewelry as smaller, yet growing, segments.

Industry

The Indian Diamond & Jewellery sector is vast, highly competitive, and fragmented, characterized by a mix of large organized players and numerous unorganized local jewelers. It is deeply influenced by cultural traditions, festivals, and weddings, driving consistent demand. Senco Gold Ltd. is positioned as one of the larger organized jewelry retailers in India, particularly with a strong heritage and presence in Eastern India. The company is actively expanding its footprint across other regions of India, aiming to become a pan-Indian player, competing with national brands through its focus on quality, design variety, and a trusted brand legacy.

MOAT

Senco Gold's competitive advantages primarily stem from:

Brand Trust and Heritage: A long-standing presence (established in 1938) has built significant trust and brand recognition, especially in its core markets.

Extensive Retail Network: A growing mix of company-owned and franchisee stores provides widespread accessibility and market penetration.

Design and Craftsmanship: An emphasis on traditional and contemporary designs, coupled with skilled craftsmanship, helps differentiate its product offerings.

Regional Dominance: Strong historical market share and customer loyalty in Eastern India provide a solid base for further expansion.

Growth Drivers

Key factors that can drive Senco Gold's growth over the next 3-5 years include:

Shift from Unorganized to Organized Sector: Increasing consumer preference for branded and hallmarked jewelry, driven by trust and transparency, benefits organized players.

Retail Network Expansion: Opening new stores (both company-owned and franchised) in new and existing geographies, particularly in Western and Southern India.

Rising Disposable Incomes: Growing middle-class and aspirational spending on discretionary luxury items like jewelry.

Urbanization and Changing Lifestyles: Increasing demand for lighter, more contemporary, and diamond-studded jewelry for everyday wear and fashion.

Digital Adoption: Leveraging e-commerce and digital marketing channels to reach a broader customer base and enhance sales.

Premiumization: Focus on higher-value and specialized collections to drive average transaction values.

Risks

Gold Price Volatility: Fluctuations in gold prices directly impact inventory valuation, sales margins, and consumer demand.

Intense Competition: The presence of numerous national, regional, and unorganized players creates pricing pressure and limits market share gains.

Economic Slowdown: Jewelry purchases are largely discretionary; an economic downturn can significantly impact consumer spending.

Regulatory Changes: Changes in import duties on gold, hallmarking regulations, or taxation policies can affect business operations and profitability.

Inventory Management: Maintaining optimal inventory levels across numerous designs and categories requires significant working capital and carries obsolescence risk.

Reputational Risk: Any compromise on product quality or ethical practices could severely damage brand trust.

Management & Ownership

Senco Gold Ltd. is primarily a promoter-driven company, with the Dares family having a long history in the jewelry business. The management typically comprises experienced professionals from the retail and jewelry sector, guiding the company's strategic expansion and operational efficiency. The ownership structure includes a significant promoter holding, with the remaining shares held by institutional investors (domestic and foreign) and the public, indicating a blend of founder-led vision and broader market participation.

Outlook

Senco Gold operates in a structurally attractive market characterized by India's deep cultural affinity for jewelry and a growing preference for organized retail. Its established brand, extensive retail network, and focus on design position it well to capture growth in the expanding Indian jewelry market, particularly as it diversifies its geographic presence. However, the company faces inherent challenges such as gold price volatility, intense competition, and high working capital requirements. Successful execution of its expansion strategy, adept inventory management, and sustained brand innovation will be crucial for long-term profitable growth amidst these industry dynamics.

Senco Gold Share Price

Live · BSE / NSE · Inception: 1994
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Senco Gold Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 1137 1404 1500 2046 1378 1826 1536 3071 1997 3056
Other Income 13 12 15 13 15 19 18 30 13 15
Total Income 1150 1416 1515 2059 1392 1845 1554 3101 2010 3071
Total Expenditure 1050 1295 1449 1966 1251 1643 1430 2666 1722 2843
Operating Profit 101 121 67 93 142 202 124 435 288 228
Interest 30 32 33 34 37 43 46 59 56 68
Depreciation 18 18 18 13 19 19 19 21 23 22
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 52 71 16 46 85 141 59 355 208 139
Provision for Tax 20 20 4 12 23 36 10 91 52 38
Profit After Tax 32 51 12 33 62 105 49 264 157 101
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 32 51 12 33 62 105 49 264 157 101
Adjusted Earnings Per Share 2.1 3.3 0.8 1 3.8 6.4 3 16.1 9.6 6.2

Senco Gold Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 1318 1434 2660 3535 4077 5241 6328 8430 9660
Other Income 3 6 15 13 31 42 55 80 76
Total Income 1321 1439 2675 3547 4109 5284 6383 8510 9736
Total Expenditure 1248 1354 2479 3248 3749 4853 5947 7446 8661
Operating Profit 73 86 196 299 360 431 435 1064 1075
Interest 19 26 73 80 98 121 149 219 229
Depreciation 3 7 40 42 46 60 68 82 85
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 51 53 84 177 216 250 218 763 761
Provision for Tax 15 17 22 48 58 69 59 188 191
Profit After Tax 36 36 61 129 158 181 159 574 571
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 36 36 61 129 158 181 159 574 571
Adjusted Earnings Per Share 3.4 3.4 5.6 12 14 11.6 9.7 35.1 34.9

Senco Gold Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 164 280 603 726 946 1366 1970 2514
Minority's Interest 0 0 0 0 0 0 0 0
Borrowings 19 15 0 0 1 1 1 1
Other Non-Current Liabilities 69 68 260 268 424 222 237 295
Total Current Liabilities 284 286 957 1405 1907 2112 2511 4203
Total Liabilities 537 648 1820 2400 3278 3700 4720 7012
Fixed Assets 39 44 212 223 280 362 405 475
Other Non-Current Assets 102 133 203 198 334 54 66 59
Total Current Assets 396 472 1406 1979 2664 3283 4249 6478
Total Assets 537 648 1820 2400 3278 3700 4720 7012

Senco Gold Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 25 50 4 9 10 9 19 33
Cash Flow from Operating Activities -7 -61 182 -70 -78 -23 -221 -789
Cash Flow from Investing Activities -12 -37 -55 -157 -198 -118 -32 77
Cash Flow from Financing Activities 43 61 -122 228 276 151 268 716
Net Cash Inflow / Outflow 24 -37 5 1 -0 9 15 4
Closing Cash & Cash Equivalent 50 13 9 10 9 19 33 38

Senco Gold Ratios

# Mar 2014 Mar 2015 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 3.42 3.36 5.59 12.01 14.01 11.65 9.73 35.06
CEPS(Rs) 3.69 3.97 9.5 16.1 18.27 15.51 13.9 40.06
DPS(Rs) 0.42 0 0.75 0.75 0.75 1 1 1.75
Book NAV/Share(Rs) 15.44 25.9 55.4 66.99 83.42 87.8 120.28 153.23
Core EBITDA Margin(%) 5.32 5.6 6.62 7.89 7.82 7.18 5.81 11.2
EBIT Margin(%) 5.3 5.53 5.71 7.08 7.48 6.85 5.6 11.18
Pre Tax Margin(%) 3.89 3.71 3.05 4.87 5.14 4.61 3.32 8.68
PAT Margin (%) 2.76 2.49 2.24 3.55 3.77 3.34 2.43 6.54
Cash Profit Margin (%) 2.98 2.95 3.68 4.71 4.85 4.45 3.47 7.47
ROA(%) 6.78 6.04 4.98 6.12 5.58 5.19 3.78 9.79
ROE(%) 22.14 16.27 14.22 19.83 19.28 15.77 9.56 25.65
ROCE(%) 18.57 18.28 19.26 18.89 16.94 14.87 11.14 22.86
Receivable days 14.5 12.22 4.74 3.36 3.68 3.31 3.73 6.35
Inventory Days 73.24 79.2 92.95 122.14 142.22 146.39 160.3 178.6
Payable days 1.98 2.69 5.53 9.97 12.93 12.39 9.56 15.42
PER(x) 0 0 0 0 0 33.11 27.94 7.95
Price/Book(x) 0 0 0 0 0 4.39 2.26 1.82
Dividend Yield(%) 0 0 0 0 0 0.26 0.37 0.63
EV/Net Sales(x) 0.12 0.14 0.18 0.18 0.2 1.32 0.89 0.76
EV/Core EBITDA(x) 2.23 2.29 2.4 2.17 2.25 16.11 12.92 6.01
Net Sales Growth(%) 0 8.77 85.55 32.86 15.36 28.55 20.73 33.22
EBIT Growth(%) 0 13.64 98.29 64.22 22.19 17.91 -0.91 167.35
PAT Growth(%) 0 -1.67 71.92 109.98 22.75 14.21 -11.99 260.51
EPS Growth(%) 0 -1.67 66.34 114.79 16.63 -16.86 -16.43 260.23
Debt/Equity(x) 1.29 0.76 0.88 1.19 1.25 1.1 0.9 0.93
Current Ratio(x) 1.39 1.65 1.47 1.41 1.4 1.56 1.69 1.54
Quick Ratio(x) 0.46 0.4 0.38 0.42 0.41 0.39 0.38 0.28
Interest Cover(x) 3.76 3.04 2.15 3.2 3.2 3.06 2.46 4.48
Total Debt/Mcap(x) 0 0 0 0 0 0.25 0.4 0.51

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +33% +27% +26% —
Operating Profit CAGR +145% +44% +40% —
PAT CAGR +261% +54% +57% —
Share Price CAGR -8% 0% — —
ROE Average +26% +17% +18% +18%
ROCE Average +23% +16% +17% +18%

Senco Gold Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 64.47 %
FII 6.88 %
DII (MF + Insurance) 13.54 %
Public (retail) 15.11 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 68.4568.4567.4764.1164.3364.3864.464.4664.4864.47
FII 14.037.728.588.897.186.758.818.227.616.88
DII 7.5210.479.5913.3112.5512.7711.5812.0812.6213.54
Public 1013.3614.3613.715.9416.0915.2115.2415.2915.11
Others 0000000000
Total 100100100100100100100100100100

Senco Gold Peer Comparison

Diamond & Jewellery Edit Columns

Senco Gold Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Senco Gold Pros & Cons

Pros

  • Company has delivered good profit growth of 56% CAGR over last 5 years

Cons

  • Debtor days have increased from 9.56 to 15.42days.
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