Banaras Beads share price & results
- Jun 2026
- Jun 2026
Varanasi (Uttar Pradesh) manufacturer and exporter of glass beads, handicraft items and imitation jewellery.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9.1 | +45.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 15.0 | +0.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.72 | +18.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 3.33 | −2.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -49.90 | −57.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -7.69 | −31.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −25.7% 1Y
1Y: ₹141.47 on 24 Oct 2025 → ₹105.05. High ₹151.16 (30 Oct 2025), low ₹98.3 (10 Jun 2026).
- Previous close
- ₹105.88
- Market cap
- ₹76 Cr
- 52-week range
- ₹98.3 – ₹151.16
- One year
- −26.49%
- Price to earnings (TTM to Jun 2026)
- 40.37×
- Return on equity (TTM to Jun 2026)
- 3.33%
Overview
- Symbol
- NSE:BANARBEADS
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Banaras Beads Limited does
Based on the company's own presentations, annual report and earnings calls.
Banaras Beads Limited manufactures and exports handicraft items — glass beads, necklaces and imitation jewellery — which is its sole reportable business activity under NIC codes 2310 and 3212. The company operates from its registered works in Varanasi, Uttar Pradesh, and runs a captive 150 KVA solar power plant to reduce reliance on grid electricity. It holds ISO 9001:2015 quality certification and SA 8000 social-accountability certification, audited by the British Standards Institution (BSI).
Segments
- Glass beads, handicrafts & imitation jewellery
- Captive solar power plant capacity
- 150 KVA
- Captive solar power generated (FY25)
- 1,51,800 kWh (~21,000 kWh exported to UP grid)
- Core product line
- Glass beads, handicraft items & imitation jewellery (NIC codes 2310, 3212) — sole reportable business activity
- Quality & social-compliance certifications
- ISO 9001:2015; SA 8000 (BSI-audited)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +18% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 12 | 6 | 7 | 6 | 5 | 8 | 7 | 9 |
| Expenses | 10 | 5 | 6 | 5 | 5 | 7 | 5 | 8 |
| Operating profit | 2 | 1 | 1 | 1 | 0 | 1 | 2 | 1 |
| Operating margin | 15.3% | 14.3% | 13.3% | 14.8% | 6.1% | 14.0% | 26.3% | 15.0% |
| Other income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Tax rate | 25.3% | 16.7% | 25.0% | 23.8% | 20.0% | 25.6% | 14.1% | 25.8% |
| Net profit | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| EPS (₹ per share) | 2.09 | 0.75 | 0.99 | 0.92 | 0.06 | 0.87 | 0.83 | 1.08 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 28 | 32 | 25 |
| Expenses | 26 | 27 | 21 |
| Operating profit | 3 | 4 | 4 |
| Other income | 2 | 2 | 2 |
| Interest | 0 | 1 | 2 |
| Depreciation | 1 | 1 | 2 |
| Profit before tax | 4 | 4 | 2 |
| Net profit | 3 | 3 | 2 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 45 | 46 | 48 | 49 | 50 | 51 |
| Borrowings | 6 | 0 | 3 | 9 | 16 | 21 |
| Other liabilities | 2 | 3 | 2 | 2 | 2 | 2 |
| Total liabilities | 60 | 56 | 60 | 67 | 74 | 81 |
| Fixed assets | 9 | 9 | 8 | 10 | 17 | 17 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 3 | 3 | 3 | 3 | 3 |
| Other assets | 48 | 44 | 48 | 53 | 54 | 61 |
| Total assets | 60 | 56 | 60 | 67 | 74 | 81 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -9 | -4 | -4 | -3 | 5 | -5 |
| Cash from investing | 3 | 10 | 1 | 13 | -17 | -3 |
| Cash from financing | 4 | -0 | -8 | 1 | 3 | 10 |
| Net cash flow | -2 | 6 | -11 | 11 | -9 | 3 |
| Free cash flow | -10 | 4 | -6 | -4 | 2 | -13 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 48 | 67 | 84 | 86 | 59 | 119 |
| Cash conversion cycle | 48 | 67 | 84 | 86 | 59 | 119 |
| Working capital days | 335 | 298 | 371 | 385 | 263 | 342 |
| Return on capital employed | 6.2% | 6.3% | 7.6% | 7.1% | 7.8% | 5.7% |
| Dividend payout | 0.0% | 45.3% | 52.0% | 48.1% | 48.1% | 0.0% |
What the price assumes
Growth trapTo justify its price of ₹105, this stock must grow earnings at 34% every year for 7 years. Our analysis caps realistic growth at ~-20%. At that growth it is worth ₹6 — downside of 94%.
- Growth the price implies
- 34.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- -19.5% a year
- net profit, FY24–FY26 · EPS -19.6%
- The gap
- 0.5 pp
- -94% downside if it only repeats history
Ownership
Who owns it
Promoters hold 58.48% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 58.48%
- Foreign institutions 0.00%
- Public 41.50%
Who is on the register
Named in the Jun 2026 filing
Every holder of Banaras Beads Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 14.72% | unchanged | |
| 13.43% | unchanged | |
| 11.21% | unchanged | |
| 10.63% | unchanged | |
| 8.26% | unchanged | |
| 7.79% | unchanged | |
| 7.16% | unchanged | |
| 4.66% | unchanged | |
| 2.35% | unchanged | |
| 1.06% | 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.
Your own record
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