Banaras Beads Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Banaras Beads Ltd?

Banaras Beads Ltd is trading at 111.00 as of 25 April 2026, with a FY2026-2027 high of 172 and low of 96.8. The stock is currently near its 52-week low. Market cap stands at 73.8 Cr..

Q: How does Banaras Beads Ltd's P/E ratio compare to its industry?

Banaras Beads Ltd has a P/E ratio of 39.0, which is above the industry average of 32.88. The premium over industry average may reflect growth expectations.

Q: Is Banaras Beads Ltd financially healthy?

Key indicators: ROCE of 7.76 % is on the lower side. Dividend yield is 2.02 %.

Q: Is Banaras Beads Ltd profitable and how is the profit trend?

Banaras Beads Ltd reported a net profit of 3 Cr in Mar 2025 on revenue of 32 Cr. Compared to 3 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹151.96Undervalued by 36.90%vs CMP ₹111.00

P/E (39.0) × ROE (5.6%) × BV (₹85.10) × DY (2.02%)

₹63.35Overvalued by 42.93%vs CMP ₹111.00

MoS: -75.2% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹139.22	22%	Under (+25.4%)
Graham Number	Earnings	₹73.74	16%	Over (-33.6%)
Earnings Power	Earnings	₹11.40	13%	Over (-89.7%)
DCF	Cash Flow	₹4.69	13%	Over (-95.8%)
Net Asset Value	Assets	₹84.98	7%	Over (-23.4%)
EV/EBITDA	Enterprise	₹43.08	9%	Over (-61.2%)
Earnings Yield	Earnings	₹28.40	7%	Over (-74.4%)
ROCE Capital	Returns	₹60.84	7%	Over (-45.2%)
Revenue Multiple	Revenue	₹47.47	5%	Over (-57.2%)
Consensus (9 models)		₹63.35	100%	Overvalued

Key Drivers: Wide model spread (₹5–₹139) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -8.4%

*Investments are subject to market risks

Analyst Summary

Banaras Beads Ltd operates in the Textiles - General segment, NSE: BANARBEADS | BSE: 526849, current market price is ₹111.00, market cap is 73.8 Cr.. At a glance, stock P/E is 39.0, ROE is 5.61 %, ROCE is 7.76 %, book value is 85.1, dividend yield is 2.02 %. The latest intrinsic value estimate is ₹63.35, around 42.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹32 Cr versus the prior period change of 11.8%, while latest net profit is about ₹3 Cr with a prior-period change of 12.4%. The 52-week range shown on this page is 172/96.8, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBanaras Beads Ltd. is a Public Limited Listed company incorporated on 10/04/1980 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L…

This summary is generated from the stock page data available for Banaras Beads Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Banaras Beads Ltd scores 45/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health58/100 · Moderate

ROCE 7.8% WeakROE 5.6% WeakD/E 0.08 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 58.1% Stable

Earnings Quality40/100 · Moderate

OPM stable around 11% SteadyWorking capital: 263 days Capital intensive

Quarterly Momentum25/100 · Weak

Revenue (4Q): -21% YoY DecliningProfit (4Q): -41% YoY Declining

Industry Rank50/100 · Moderate

P/E 39.0 vs industry 59.2 Cheaper than peersROCE 7.8% vs industry 10.8% AverageROE 5.6% vs industry 29.5% Below peers3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:24 pm

Market Cap	73.8 Cr.
Current Price	111
Intrinsic Value	₹61.53
High / Low	172/96.8
Stock P/E	39.0
Book Value	85.1
Dividend Yield	2.02 %
ROCE	7.76 %
ROE	5.61 %
Face Value	10.0
PEG Ratio	-4.65

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Banaras Beads Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Banaras Beads Ltd	73.8 Cr.	111	172/96.8	39.0	85.1	2.02 %	7.76 %	5.61 %	10.0
Jindal Worldwide Ltd	2,470 Cr.	24.6	70.7/17.8	37.6	8.17	0.00 %	10.2 %	10.1 %	1.00
Garware Technical Fibres Ltd	6,225 Cr.	627	970/579	29.3	131	1.28 %	24.7 %	18.7 %	10.0
Faze Three Autofab Ltd	98.5 Cr.	91.8	/	49.2	51.0	0.00 %	9.21 %	8.51 %	10.0
Advance Lifestyles Ltd	18.0 Cr.	28.9	31.9/20.0	26.1	49.5	0.00 %	4.43 %	1.22 %	10.0
Industry Average	1,353.91 Cr	99.55		59.18	81.70	0.14%	10.78%	29.54%	8.11

All Competitor Stocks of Banaras Beads Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	2.96	8.81	6.22	9.52	3.80	8.69	7.08	11.55	5.74	7.20	6.21	5.05	7.72
Expenses	2.58	7.62	5.74	8.33	3.38	8.14	6.51	9.78	4.92	6.24	5.29	4.74	6.64
Operating Profit	0.38	1.19	0.48	1.19	0.42	0.55	0.57	1.77	0.82	0.96	0.92	0.31	1.08
OPM %	12.84%	13.51%	7.72%	12.50%	11.05%	6.33%	8.05%	15.32%	14.29%	13.33%	14.81%	6.14%	13.99%
Other Income	0.35	0.71	0.54	0.54	0.59	0.78	0.53	0.51	0.47	0.48	0.39	0.34	0.43
Interest	0.10	0.63	0.13	0.02	0.05	0.06	0.12	0.16	0.18	0.20	0.15	0.19	0.30
Depreciation	0.25	0.48	0.31	0.31	0.31	0.22	0.26	0.26	0.51	0.36	0.36	0.41	0.43
Profit before tax	0.38	0.79	0.58	1.40	0.65	1.05	0.72	1.86	0.60	0.88	0.80	0.05	0.78
Tax %	26.32%	27.85%	22.41%	22.86%	30.77%	26.67%	25.00%	25.27%	16.67%	25.00%	23.75%	20.00%	25.64%
Net Profit	0.27	0.57	0.45	1.08	0.45	0.77	0.54	1.39	0.50	0.66	0.61	0.04	0.58
EPS in Rs	0.41	0.86	0.68	1.63	0.68	1.16	0.81	2.09	0.75	0.99	0.92	0.06	0.87

Last Updated: February 6, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 1:16 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	26.57	23.57	24.74	27.32	23.78	17.31	25.78	20.47	25.12	26.97	28.22	31.56	26.18
Expenses	21.79	19.59	21.98	23.58	20.50	14.74	21.91	17.12	21.97	23.33	25.58	27.43	22.91
Operating Profit	4.78	3.98	2.76	3.74	3.28	2.57	3.87	3.35	3.15	3.64	2.64	4.13	3.27
OPM %	17.99%	16.89%	11.16%	13.69%	13.79%	14.85%	15.01%	16.37%	12.54%	13.50%	9.36%	13.09%	12.49%
Other Income	1.22	1.19	6.30	1.32	0.96	0.84	0.82	1.48	2.19	1.80	2.45	1.99	1.64
Interest	1.04	0.19	0.67	0.15	0.08	0.30	0.11	0.20	0.25	0.79	0.26	0.67	0.84
Depreciation	1.46	2.35	2.13	2.10	1.84	1.52	1.35	1.46	1.28	1.23	1.15	1.39	1.56
Profit before tax	3.50	2.63	6.26	2.81	2.32	1.59	3.23	3.17	3.81	3.42	3.68	4.06	2.51
Tax %	26.29%	38.78%	30.99%	40.57%	40.52%	27.67%	27.55%	24.61%	23.36%	25.44%	25.27%	23.89%
Net Profit	2.58	1.61	4.32	1.67	1.38	1.16	2.34	2.39	2.92	2.54	2.75	3.09	1.89
EPS in Rs	3.89	2.43	6.51	2.52	2.08	1.75	3.53	3.60	4.40	3.83	4.14	4.66	2.84
Dividend Payout %	51.24%	41.06%	38.25%	39.58%	0.00%	0.00%	0.00%	0.00%	45.27%	52.05%	48.07%	48.13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-37.60%	168.32%	-61.34%	-17.37%	-15.94%	101.72%	2.14%	22.18%	-13.01%	8.27%	12.36%
Change in YoY Net Profit Growth (%)	0.00%	205.92%	-229.67%	43.98%	1.42%	117.67%	-99.59%	20.04%	-35.19%	21.28%	4.10%

Banaras Beads Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	3%
5 Years:	4%
3 Years:	8%
TTM:	6%

Compounded Profit Growth
10 Years:	7%
5 Years:	5%
3 Years:	7%
TTM:	11%

Stock Price CAGR
10 Years:	12%
5 Years:	14%
3 Years:	9%
1 Year:	2%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	5%
Last Year:	6%

Last Updated: September 5, 2025, 12:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:01 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.61	6.62
Reserves	32.50	33.25	35.57	37.01	37.60	38.75	41.05	43.43	45.02	46.22	47.63	49.23	49.88
Borrowings	0.44	14.94	5.09	1.10	1.90	0.84	0.00	4.33	5.80	0.29	3.29	8.58	15.52
Other Liabilities	5.34	3.86	5.21	3.07	2.74	1.91	2.16	1.72	2.34	2.79	2.28	2.21	2.00
Total Liabilities	44.89	58.66	52.48	47.79	48.85	48.11	49.82	56.09	59.77	55.91	59.81	66.63	74.02
Fixed Assets	14.10	14.13	13.78	12.61	11.26	9.80	19.35	18.16	8.62	8.75	8.44	10.17	16.55
CWIP	0.14	0.00	0.00	0.00	8.84	9.04	0.00	0.00	0.38	0.25	0.45	0.00	0.00
Investments	0.11	6.19	3.67	3.19	3.12	3.15	4.89	3.12	3.13	3.04	3.03	2.98	2.98
Other Assets	30.54	38.34	35.03	31.99	25.63	26.12	25.58	34.81	47.64	43.87	47.89	53.48	54.49
Total Assets	44.89	58.66	52.48	47.79	48.85	48.11	49.82	56.09	59.77	55.91	59.81	66.63	74.02

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	7.55	1.00	2.72	5.49	4.43	0.33	3.64	-9.31	-4.00	-4.45	-3.47	4.97
Cash from Investing Activity +	-1.75	-7.34	3.79	0.72	-8.37	0.51	-2.85	2.89	10.06	0.95	12.94	-17.14
Cash from Financing Activity +	-4.58	12.87	-12.96	-4.06	0.08	-1.14	-0.90	4.27	-0.10	-7.62	1.42	3.14
Net Cash Flow	1.22	6.53	-6.45	2.15	-3.86	-0.30	-0.11	-2.15	5.97	-11.12	10.88	-9.02
Free Cash Flow	4.62	-1.33	0.96	4.57	-4.90	0.07	1.77	-9.58	4.40	-5.67	-4.49	2.32
CFO/OP	174%	47%	147%	188%	169%	32%	118%	-254%	-98%	-98%	-94%	145%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	4.34	-10.96	-2.33	2.64	1.38	1.73	3.87	-0.98	-2.65	3.35	-0.65	-4.45

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	9.07	8.52	19.77	9.62	12.13	14.76	4.11	47.79	66.69	83.91	86.40	58.98
Inventory Days	300.16	550.47	468.58	317.59	442.72	857.06	482.69
Days Payable	15.84	11.46	31.57	23.01	10.70	16.82	5.54
Cash Conversion Cycle	293.38	547.53	456.78	304.20	444.15	855.01	481.25	47.79	66.69	83.91	86.40	58.98
Working Capital Days	167.87	9.91	186.93	198.93	186.49	311.86	211.38	335.40	297.87	370.95	385.18	262.76
ROCE %	11.02%	5.96%	4.21%	6.26%	5.26%	4.09%	7.31%	6.23%	6.28%	7.62%	7.09%	7.76%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%	58.14%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.04%	0.04%	0.00%	0.00%
Public	41.85%	41.86%	41.85%	41.85%	41.84%	41.85%	41.85%	41.81%	41.81%	41.80%	41.86%	41.84%
No. of Shareholders	6,638	6,582	6,538	6,592	6,806	6,664	6,902	7,502	7,159	7,008	7,156	6,521

Shareholding Pattern Chart

No. of Shareholders

Banaras Beads Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.65	4.15	3.83	4.40	3.61
Diluted EPS (Rs.)	4.65	4.15	3.83	4.40	3.61
Cash EPS (Rs.)	6.78	5.89	5.71	6.35	5.82
Book Value[Excl.RevalReserv]/Share (Rs.)	84.43	82.00	79.89	78.06	75.67
Book Value[Incl.RevalReserv]/Share (Rs.)	84.43	82.00	79.89	78.06	75.67
Dividend / Share (Rs.)	2.25	2.00	2.00	2.00	0.00
Revenue From Operations / Share (Rs.)	47.72	42.66	40.77	37.98	30.95
PBDIT / Share (Rs.)	9.24	7.70	8.22	8.07	7.31
PBIT / Share (Rs.)	7.14	5.97	6.36	6.13	5.10
PBT / Share (Rs.)	6.13	5.57	5.16	5.75	4.80
Net Profit / Share (Rs.)	4.67	4.16	3.85	4.42	3.62
PBDIT Margin (%)	19.37	18.05	20.16	21.25	23.60
PBIT Margin (%)	14.95	13.99	15.58	16.15	16.48
PBT Margin (%)	12.84	13.06	12.66	15.15	15.50
Net Profit Margin (%)	9.78	9.74	9.43	11.62	11.68
Return on Networth / Equity (%)	5.53	5.07	4.81	5.65	4.78
Return on Capital Employeed (%)	8.37	7.21	7.87	7.85	6.74
Return On Assets (%)	4.63	4.59	4.54	4.88	4.26
Total Debt / Equity (X)	0.15	0.06	0.01	0.11	0.08
Asset Turnover Ratio (%)	0.49	0.48	0.46	0.43	0.38
Current Ratio (X)	3.50	9.26	12.13	5.02	5.74
Quick Ratio (X)	0.93	4.71	3.65	2.72	3.76
Inventory Turnover Ratio (X)	1.28	1.26	0.56	0.87	0.63
Dividend Payout Ratio (NP) (%)	48.35	48.24	52.18	45.44	0.00
Dividend Payout Ratio (CP) (%)	33.31	34.04	35.14	31.59	0.00
Earning Retention Ratio (%)	51.65	51.76	47.82	54.56	0.00
Cash Earning Retention Ratio (%)	66.69	65.96	64.86	68.41	0.00
Interest Coverage Ratio (X)	9.15	19.44	6.90	21.23	24.02
Interest Coverage Ratio (Post Tax) (X)	5.62	11.50	4.23	12.61	12.89
Enterprise Value (Cr.)	85.71	50.03	51.38	54.39	27.16
EV / Net Operating Revenue (X)	2.72	1.77	1.91	2.17	1.33
EV / EBITDA (X)	14.02	9.82	9.45	10.19	5.62
MarketCap / Net Operating Revenue (X)	2.54	2.08	1.94	2.42	1.60
Retention Ratios (%)	51.64	51.75	47.81	54.55	0.00
Price / BV (X)	1.43	1.08	0.98	1.18	0.65
Price / Net Operating Revenue (X)	2.54	2.08	1.94	2.42	1.60
EarningsYield	0.03	0.04	0.04	0.04	0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Banaras Beads Ltd. is a Public Limited Listed company incorporated on 10/04/1980 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L01131UP1980PLC004984 and registration number is 004984. Currently Company is involved in the business activities of Manufacture of glass and glass products. Company's Total Operating Revenue is Rs. 31.56 Cr. and Equity Capital is Rs. 6.61 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Textiles - General	A-1, Industrial Estate, Varanasi Uttar Pradesh 221106	Contact not found

Management
Name	Position Held
Mr. Ashok Kumar Gupta	Chairman & Managing Director
Mr. Siddharth Gupta	Managing Director & CEO
Mr. Anil Kumar Gupta	Ind. Non-Executive Director
CA. Sushil Kumar Kandoi	Ind. Non-Executive Director
Mr. Manan Kumar Sah	Ind. Non-Executive Director
Mr. Jayanti Mathur	Addnl. & Non Exe.Director

FAQ

What is the intrinsic value of Banaras Beads Ltd and is it undervalued?

As of 25 April 2026, Banaras Beads Ltd's intrinsic value is ₹63.35, which is 42.93% lower than the current market price of ₹111.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.61 %), book value (₹85.1), dividend yield (2.02 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Banaras Beads Ltd?

Banaras Beads Ltd is trading at ₹111.00 as of 25 April 2026, with a FY2026-2027 high of ₹172 and low of ₹96.8. The stock is currently near its 52-week low. Market cap stands at ₹73.8 Cr..

How does Banaras Beads Ltd's P/E ratio compare to its industry?

Banaras Beads Ltd has a P/E ratio of 39.0, which is below the industry average of 59.18. This is broadly in line with or below the industry average.

Is Banaras Beads Ltd financially healthy?

Key indicators for Banaras Beads Ltd: ROCE of 7.76 % is on the lower side compared to the industry average of 10.78%; ROE of 5.61 % is below ideal levels (industry average: 29.54%). Dividend yield is 2.02 %.

Is Banaras Beads Ltd profitable and how is the profit trend?

Banaras Beads Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹32 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Banaras Beads Ltd pay dividends?

Banaras Beads Ltd has a dividend yield of 2.02 % at the current price of ₹111.00. This is a relatively attractive yield for income-seeking investors.