512020
Saraswati Commer share price & financials
- Price
- ₹9,699
- Market cap
- ₹1.2k Cr
- Sector
- Financial Services
What Saraswati Commer does
Saraswati Commercial (India) Limited is a Reserve Bank of India-registered Non-Banking Financial Company (NBFC) whose asset size exceeded ₹1,000 crore as of 31 March 2025. It operates within the GeeCee promoter group, rendering and availing revolving loan facilities to and from group entities such as GeeCee Ventures Limited, Winro Commercial (India) Limited, Sinularity Holdings Limited, Urudavan Investment & Trading Private Limited and others, at times securing these arrangements with pledged shares. It also avails broking services from group company Four Dimensions Securities (India) Limited.
Segments
- NBFC lending / investment
- Regulatory classification
- RBI-registered Non-Banking Financial Company (NBFC)
- Asset size
- Exceeded ₹1,000 crore (as of 31 Mar 2025)
- Group financing relationships
- 12+ GeeCee-group entities (revolving loan / broking arrangements)
Quarterly results
Q1 FY27: revenue up 145.2%, net profit up 166.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78 | -45 | -26 | 31 | 73 −6% | 33 +173% | -16 +38% | 76 +145% |
| EBITDA | 77 | -46 | -28 | 30 | 72 −6% | — | — | — |
| Net profit | 63 | -39 | -23 | 24 | 60 −5% | 25 +164% | -16 +30% | 64 +167% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −16.2% 1Y
1Y: ₹13,001.95 on 10 Sept 2025 → ₹10,900. High ₹13,979.85 (8 Jul 2026), low ₹8,753.6 (30 Mar 2026).
Financials, as filed
Revenue grew 73.9% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹23 Cr | ₹129 Cr | ₹75 Cr | ₹121 Cr |
| Operating profit | ₹22 Cr | ₹125 Cr | ₹70 Cr | — |
| Operating margin | 95.7% | 96.9% | 93.3% | — |
| Interest | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹11 Cr | ₹103 Cr | ₹53 Cr | ₹93 Cr |
| Net margin | 47.8% | 79.8% | 70.7% | 76.9% |
| Cash from operations | ₹27 Cr | ₹33 Cr | ₹9 Cr | — |
| Free cash flow | ₹27 Cr | ₹33 Cr | ₹9 Cr | — |
| ROE | 3.0% | 18.0% | 6.0% | 9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Reserves | ₹275 Cr | ₹421 Cr | ₹432 Cr | ₹689 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Borrowings | ₹5 Cr | ₹28 Cr | ₹22 Cr | ₹0 Cr | ₹54 Cr | ₹0 Cr |
| Other liabilities | ₹12 Cr | ₹30 Cr | ₹26 Cr | ₹67 Cr | ₹109 Cr | ₹108 Cr |
| Total liabilities | ₹293 Cr | ₹480 Cr | ₹482 Cr | ₹758 Cr | ₹1.2k Cr | ₹1.2k Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹286 Cr | ₹465 Cr | ₹480 Cr | ₹749 Cr | ₹1.0k Cr | ₹1.1k Cr |
| Other assets | ₹7 Cr | ₹14 Cr | ₹2 Cr | ₹8 Cr | ₹179 Cr | ₹121 Cr |
| Total assets | ₹293 Cr | ₹480 Cr | ₹482 Cr | ₹758 Cr | ₹1.2k Cr | ₹1.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.89 pp while the public trimmed −0.89 pp. The shareholder count shrank 10% to 2,826.
- Promoters
- 74.9%
- Public
- 25.1%
Since Jun 2025
- Promoters +0.89 pp
- Public −0.89 pp
How it drifted, 12 quarters
Over this window the public fell from 27.7% to 25.1% — −2.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 72.3%, Public 27.7%.Dec '23: Promoters 72.3%, Public 27.7%.Mar '24: Promoters 72.3%, Public 27.7%.Jun '24: Promoters 72.3%, Public 27.7%.Sep '24: Promoters 72.3%, Public 27.7%.Dec '24: Promoters 72.3%, Public 27.7%.Mar '25: Promoters 74.0%, Public 26.0%.Jun '25: Promoters 74.0%, Public 26.0%.Sep '25: Promoters 74.0%, Public 26.0%.Dec '25: Promoters 74.0%, Public 26.0%.Mar '26: Promoters 74.9%, Public 25.1%.Jun '26: Promoters 74.9%, Public 25.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Saraswati Commer above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Winro Commercial (India) Ltd | 22.77% | unchanged |
| Four Dimensions Securities (India) Ltd | 18.78% | unchanged |
| Ageless Capital And Finance Private Limited | 5.83% | unchanged |
| Ashwin Kumar Kothari | 5.57% | unchanged |
| Ashwin Kumar Kothari (Smaller)Huf | 5.42% | unchanged |
| Ashwin Kumar Kothari (Huf) | 5.41% | unchanged |
| Panna Lal C Kothari Huf | 4.65% | unchanged |
| Rohit Kothari | 3.85% | unchanged |
| Four Dimensions Advisors Private Limited | 2.92% | unchanged |
| Minix Holdings Pvt Ltd | 2.27% | unchanged |
| Niyati Parish Mehta | 2.01% | unchanged |
| Luv Kush Projects Ltd. | 1.82% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Saraswati Commer
Guides on how to read this kind of business and the numbers that matter.