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Banaras Beads Limited
(BANARBEADS)
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Select Model
Rating:56Neutral
Price Target:
₹128.00
▼(-10.93% Downside)
Action:Reiterated
Date:09/26/26
The score is held back mainly by weak and inconsistent cash generation and a sharp rise in debt, alongside softer FY2026 revenue and earnings. Technicals are a meaningful offset, with price above major moving averages and positive momentum indicators. Valuation remains a headwind due to the high P/E and no provided dividend yield support.
Positive Factors
Positive profitability
The company has demonstrated an ability to remain profitable with healthy net margins across several prior years. That history provides an operating base for recovery, although sustaining profitability will depend on restoring revenue and earnings momentum after the latest decline.
Negative Factors
Revenue and earnings contraction
The latest results show a material deterioration in both revenue and net income, indicating weaker demand, mix, or operating conditions than the prior year. If this pattern persists, it could reduce reinvestment capacity and make the company’s historical profitability less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive profitability
The company has demonstrated an ability to remain profitable with healthy net margins across several prior years. That history provides an operating base for recovery, although sustaining profitability will depend on restoring revenue and earnings momentum after the latest decline.
Read all positive factors
Banaras Beads Limited (BANARBEADS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹822.89M
Dividend Yield1.88%
Average Volume (3M)765.00
Price to Earnings (P/E)41.4
Beta (1Y)1.17
Revenue Growth-7.68%
EPS Growth-40.29%
CountryIN
Employees243
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)2.83
Shares Outstanding6,636,222
10 Day Avg. Volume881
30 Day Avg. Volume765
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)1.17
Price to Sales (P/S)2.65
P/FCF Ratio-4.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Banaras Beads Limited Business Overview & Revenue Model
Company Description
Banaras Beads Limited engages in the manufacture and sale of glass beads, necklaces, jewelries, and accessories under the De-Lemon brand in India, the United States, South Africa, the United Kingdom, Ireland, Germany, Europe, the Middle East, and ...
How the Company Makes Money
Banaras Beads Limited primarily makes money through the sale of its products—both manufactured and traded—across domestic and international customers. Its revenue model is mainly product-led, with key revenue streams coming from (1) manufacturing ...
Banaras Beads Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
67
Positive
Cash Flow
31
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 283.37M | 254.87M | 315.63M | 272.57M | 259.65M | 242.97M |
| Gross Profit | 146.82M | 111.10M | 124.21M | 133.05M | 67.99M | 135.54M |
| EBITDA | 52.29M | 40.15M | 61.14M | 49.74M | 48.64M | 53.39M |
| Net Income | 18.84M | 17.75M | 30.88M | 27.51M | 25.43M | 29.20M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 805.38M | 666.32M | 598.04M | 559.12M | 597.69M |
| Cash, Cash Equivalents and Short-Term Investments | 53.74M | 54.81M | 28.58M | 118.55M | 11.20M | 120.27M |
| Total Debt | 0.00 | 205.29M | 85.83M | 32.90M | 2.91M | 58.01M |
| Total Liabilities | -576.47M | 228.91M | 107.89M | 55.64M | 30.74M | 81.36M |
| Stockholders Equity | 576.47M | 576.47M | 558.42M | 542.40M | 528.39M | 516.33M |
Cash Flow | ||||||
| Free Cash Flow | -86.29M | -141.03M | 25.35M | -44.93M | -56.70M | -124.43M |
| Operating Cash Flow | -14.78M | -60.68M | 51.89M | -34.74M | -44.48M | -40.38M |
| Investing Cash Flow | -67.83M | -33.82M | -180.19M | 129.37M | 9.49M | 100.62M |
| Financing Cash Flow | 66.15M | 119.64M | 38.09M | 14.20M | -76.17M | -554.00K |
Banaras Beads Limited Technical Analysis
Positive
143.70
Price Trends
114.50
Positive
111.50
Positive
114.53
Positive
Market Momentum
1.01
Negative
57.11
Neutral
74.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANARBEADS, the sentiment is Positive. The current price of 143.7 is above the 20-day moving average (MA) of 113.82, above the 50-day MA of 114.50, and above the 200-day MA of 114.53, indicating a bullish trend. The MACD of 1.01 indicates Negative momentum. The RSI at 57.11 is Neutral, neither overbought nor oversold. The STOCH value of 74.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BANARBEADS.
Banaras Beads Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹6.95B | 20.90 | ― | 0.68% | 16.69% | 56.93% | |
56 Neutral | ₹822.89M | 41.44 | ― | 1.88% | -7.68% | -40.29% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹3.99B | -17.70 | ― | 3.04% | -11.43% | -264.80% | |
53 Neutral | ₹3.64B | 16.42 | ― | ― | 42.24% | 31.44% | |
45 Neutral | ₹42.85B | -11.12 | ― | 0.37% | -10.75% | -340.31% | |
42 Neutral | ₹1.85B | 175.93 | ― | 0.20% | 29.40% | -59.16% |
* General Sector Average
IN:BANARBEADS
Banaras Beads Limited
119.20
-18.29
-13.30%
IN:BCONCEPTS
Brand Concepts Ltd.
146.02
-214.48
-59.50%
IN:MIRZAINT
Mirza International Limited
28.65
-10.09
-26.05%
IN:SREEL
Sreeleathers Ltd.
293.35
67.22
29.73%
IN:THOMASCOTT
Thomas Scott (India) Limited
238.40
-87.40
-26.83%
IN:VIPIND
V.I.P.INDUSTRIES LTD.
296.10
-120.10
-28.86%
Banaras Beads Limited Corporate Events
Banaras Beads Blocks Insider Trades Ahead of September Quarter Results
Sep 19, 2026
Banaras Beads Limited has announced the closure of its trading window in compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015 and its internal code of conduct for insiders. The window will be closed from October 1, 2026 un...
Banaras Beads Confirms Timely Demat Compliance for Q1 FY2026
Jul 7, 2026
Banaras Beads Limited has notified the stock exchanges that it has received a confirmation certificate from its registrar and share transfer agent, Mas Services Limited, for the quarter ended June 30, 2026, in accordance with Regulation 74(5) of t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.