Saraswati Saree Depot Limited, established in 1996, is a prominent B2B wholesaler specializing in sarees and other women's apparel, including kurtis, dress materials, blouse pieces, lehengas, and bottoms. The company sources products from over 900 weavers and suppliers across India, with key relationships in hubs like Surat, Varanasi, Mau, Madurai, Dharmavaram, Kolkata, and Bengaluru. The company is incorporated under CIN U14101PN2021PLC199578 and has its registered office located in Kolhapur, Maharashtra.
Saraswati Saree Depot Ltd has a market capitalisation of ₹396 Cr as of June 6, 2025. The stock is currently trading at ₹97.5 with a 52-week high of ₹219 and a low of ₹80.0. The company trades on both NSE and BSE under the symbol SSDL.
The stock has experienced significant volatility over the past year. Over the past 6 months, the Saraswati Saree Depot share price has decreased by 25.54%, and in the last one year, it has decreased by 51.82%. Despite recent price corrections, the company maintains strong fundamentals with robust financial metrics.
Net profit of Saraswati Saree Depot rose 22.85% to Rs 9.57 crore in the quarter ended September 2024, as against Rs 7.79 crore during the previous quarter ended September 2023. Sales rose 26.42% to Rs 164.75 crore in the quarter ended September 2024, as against Rs 130.32 crore during the previous quarter ended September 2023.
Saraswati Saree Depot Ltd's net profit jumped 65.02% year-on-year to ₹7.03 Cr in Q4 FY2024-2025. This demonstrates the company's strong operational performance and growth trajectory.
- Revenue Growth: Operating income during the year rose 0.9% on a year-on-year (YoY) basis.
- Operating Profit: The company's operating profit increased by 20.5% YoY during the fiscal.
- Net Profit: Net profit for the year grew by 28.5% YoY.
- Margin Expansion: Net profit margins grew from 4.0% in FY23 to 5.1% in FY24.
- Trailing Revenue: Saraswati Saree Depot Ltd has an operating revenue of Rs. 1,088.17 Cr on a trailing 12-month basis.
- Q3 FY2024-25 Performance: Net Sales of Rs 164.75 crore, Net Profit of Rs 9.57 crore
- Q4 FY2024-25 Performance: Net Profit of ₹7.03 Cr (YoY growth of 65.02%)
- FY2023-24 Performance: Revenue grew 0.9% YoY, Net Profit grew 28.5% YoY
- Market Capitalisation: ₹396 Cr (as of June 6, 2025)
- Promoter Holding: 74.8%
- Debt to Equity Ratio: 0.0 (FY24)
- Return on Equity (ROE): 3 Years ROE 42.5%, FY24 ROE 64%
- Stock P/E Ratio: 12.6
- Book Value: ₹ 44.9
- Dividend Yield: 2.33%
The chairman of the company is Shankar Dulhani, and the managing director is Vinod Dulhani. Saraswati Saree Depot's CEO is Vinod Dulhani, appointed in Mar 2021, with a tenure of 4.25 years. He directly owns 6.27% of the company's shares, worth ₹240.93M.
The company has experienced some recent changes in key positions. Resignation of Company Secretary Sangeeta Mahato; appointment of Vidhi Oswal as new Company Secretary from June 7, 2025.
The company demonstrates exceptional financial health with several key indicators:
- Debt Position: Company has reduced debt and is almost debt-free. The Debt to Equity ratio for FY24 stood at 0.0 compared to 0.0 in FY23.
- Return on Equity: The company has a good return on equity (ROE) track record, with a 3-year ROE of 42.5% and an exceptional FY24 ROE of 64%.
- Price-to-Earnings Ratio: Stock P/E is 12.6.
- Book Value: Book Value stands at ₹ 44.9.
- Dividend Yield: Dividend Yield is 2.33%.
The company has been actively rewarding shareholders through dividend distributions. Saraswati Saree Depot announced that the Board of Directors at its meeting held on 4 April 2025 recommended an interim dividend of Rs 1.515 per equity share (i.e., 15.15%), subject to shareholder approval. Earlier, the Board of Directors, at its meeting held on 13 February 2025, recommended an interim dividend of Rs 2.27 per equity share.
Saraswati Saree Depot has launched its first exclusive Kolhapur retail outlet with a Rs. 2.8 Cr investment, targeting Rs. 5-6 Cr in revenue. This expansion indicates a strategic move to diversify from pure B2B operations into retail channels, potentially opening new growth avenues.
- Promoter Holding: 74.8%. There is no promoter pledging in Saraswati Saree Depot Ltd. The strong promoter holding without any pledging reflects management confidence and financial stability.
Saraswati Saree Depot Limited stands as a well-established player in the women's apparel wholesale market with a strong financial foundation, debt-free operations, and impressive profitability metrics. The company's extensive supplier network across key textile hubs positions it advantageously in the Indian textile ecosystem. While the stock has faced recent market pressures, the underlying business fundamentals remain robust with consistent growth in revenues and profits, making it an interesting proposition for investors seeking exposure to India's textile and apparel sector.
