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Saraswati Commercial (India)

ZSARACOM NSE
₹10,000.00 +533.50 (+5.64%)
P/E
8.28
View as Markdown
MCP
Close 4 Nov 2026 ₹10,000.00 −2,120.50 −17.5% 1Y
Start ₹12,120.50

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
0.00
EPS (TTM)
₹1,207.13
Book Value
₹10,050.17
Market Cap
—
P/E (TTM)
8.28
P/B
1.00
ROE
9.00%
Dividend Yield
0.00%
52W High
₹14,499.95
52W Low
₹8,650.00
Day Range
₹9,879.50 – ₹10,100.00
Volume
24
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Saraswati Commercial peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
Saraswati Commercial (this company)
₹10,000.008.28₹1,083 Cr1.000.00%9.00%—₹165 Cr₹133 Cr
Median 8 companies₹951.3821.95₹1,22,695 Cr2.710.54%15.55%—₹32,679 Cr₹5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

61 Good

Data confidence 94/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
99
Strong
Solvency, leverage, coverage 9% weight
Momentum
44
Weak
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.94 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.0% CAGR over last 5 years

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.4% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
54.04
Neutral
MACD (12,26,9)
−243.99
Bullish
SMA (50)
10,223.43
Bearish
SMA (200)
10,697.82
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+20.34%
5Y+34.01%
3Y+71.47%
1Y+61.33%
TTM+336.84%

Net profit

Net profit growth by window
10Y+20.72%
5Y+34.37%
3Y+97.18%
1Y+73.58%
TTM+432.00%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹11.00 Cr
Mar 2018₹16.00 Cr
Mar 2019₹9.00 Cr
Mar 2020₹1.00 Cr
Mar 2021₹28.00 Cr
Mar 2022₹87.00 Cr
Mar 2023₹24.00 Cr
Mar 2024₹128 Cr
Mar 2025₹75.00 Cr
Mar 2026₹121 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹5.00 Cr
Mar 2018₹16.00 Cr
Mar 2019₹7.00 Cr
Mar 2020−₹10.00 Cr
Mar 2021₹21.00 Cr
Mar 2022₹65.00 Cr
Mar 2023₹12.00 Cr
Mar 2024₹104 Cr
Mar 2025₹53.00 Cr
Mar 2026₹92.00 Cr

Quarterly Results

₹ Cr
512020 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
30
29
40
30
68
78
−45
−26
31
73
33
−16
76
Expenses
1
1
1
1
1
2
1
1
2
1
1
2
1
Financing Profit
28
28
39
29
67
77
−46
−28
29
72
30
−19
74
Fin. Margin %
96%
96%
97%
95%
98%
98%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
93%
98%
92%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
98%
Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
Interest
0
0
0
1
0
0
1
1
0
1
1
1
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
28
28
39
29
67
77
−46
−28
29
72
30
−19
74
Tax %
14%
14%
14%
22%
22%
17%
−15%
−19%
19%
16%
18%
−13%
15%
Net Profit
24
24
33
22
52
63
−39
−23
24
60
25
−16
64
EPS (₹)
237
231
324
217
509
615
−383
−210
215
550
226
−149
580

Profit & Loss

₹ Cr
512020 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
99
19
11
16
9
1
28
87
24
128
75
121
165
Expenses
87
1
3
2
2
14
2
2
3
3
5
6
5
Financing Profit
8
14
5
14
7
−13
25
84
19
123
69
112
158
Fin. Margin %
8%
73%
48%
84%
80%
−959%
89%
96%
80%
96%
91%
93%
95%
Other Income
1
0
0
0
0
0
0
0
0
0
0
0
0
Interest
5
4
3
0
0
0
2
1
2
2
2
3
2
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
8
14
5
14
7
−13
25
84
19
123
69
112
158
Tax %
18%
0%
−2%
−17%
10%
−26%
14%
22%
39%
16%
22%
18%
—
Net Profit
7
14
5
16
7
−10
21
65
12
104
53
92
132
EPS (₹)
—
—
—
160
66.64
−96.01
213
630
113
1,009
487
842
1,207
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
512020 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.64
0.64
0.64
1
1
1
1
1
1
1
1
1
Reserves
21
35
115
128
135
155
275
421
432
689
958
1,091
Borrowing
32
42
8
32
0
10
5
28
22
0
43
0
Other Liabilities
6
5
9
1
0
0
12
30
26
67
91
108
Total Liabilities
59
82
133
162
137
166
293
480
482
758
1,093
1,201
Fixed Assets
0
0
0
0
0
0
0
0
0
0
0
0
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
44
51
97
119
117
135
286
465
480
749
1,069
1,080
Other Assets
16
32
36
42
20
31
7
14
2
8
25
121
Total Assets
59
82
133
162
137
166
293
480
482
758
1,093
1,201

Cash Flow

₹ Cr
512020 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−5
−16
−23
−6
−16
−18
−5
50
27
33
9
−114
Investing
10
20
27
8
16
16
4
−81
−22
−7
−108
139
Financing
−5
−4
−3
−3
0
9
−7
33
−7
−24
120
−45
Net Cash Flow
0
0
2
−1
0
7
−7
2
−2
2
20
−21
Free Cash Flow
−5
−16
−23
−6
−16
−18
−5
50
27
33
9
−114

Ratios

512020 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
36%
49%
7%
13%
5%
−7%
10%
19%
3%
18%
6%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Saraswati Commercial insights

21 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.88%
  • Others 16.79%
  • Public 8.33%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Saraswati Commercial (India)

What does Saraswati Commercial (India) Ltd do?
Incorporated in 1983, Saraswati Commercial (India) Ltd deals in shares and securities & lending
Where is Saraswati Commercial (India) Ltd (ZSARACOM) listed?
Saraswati Commercial (India) Ltd trades as ZSARACOM on the NSE and under code 512020 on the BSE.
Which sector does Saraswati Commercial (India) Ltd belong to?
Saraswati Commercial (India) Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the PE ratio of Saraswati Commercial (India) Ltd?
Saraswati Commercial (India) Ltd trades at a PE ratio of 8.28 as of 4 Nov 2026, on earnings per share of ₹1,207.13, against a book value of ₹10,050.17 per share.
What is the 52-week high and low of Saraswati Commercial (India) Ltd?
Over the last 52 weeks Saraswati Commercial (India) Ltd has traded between ₹8,650 and ₹14,499.95 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Saraswati Commercial (India) Ltd?
Saraswati Commercial (India) Ltd reported a return on equity of 9.00%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1983, Saraswati Commercial (India) Ltd deals in shares and securities & lending

Website saraswaticommercial.com
Listed 20 Apr 2026
Face Value ₹10

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