Saraswati Saree Depot Limited (SSDL) AI Stock Analysis

Saraswati Saree Depot Limited

(NSE:SSDL)

Select Model

Rating:80Outperform

Price Target:INR 67.00▲(5.31% Upside)

Action:reiterated

Date:10/02/26

The overall score reflects strong financial resilience driven by a nearly debt-free, well-capitalized balance sheet and consistent profitability, offset by recent revenue softness and margin pressure. Supportive technical indicators show sustained upward price momentum without signs of overbought conditions, while an attractive valuation with a low P/E and solid dividend yield further boosts the score and makes the stock appealing for both growth and income-focused investors.

Positive Factors

Balance Sheet StrengthThe sharp reduction in debt and near-zero leverage materially strengthens financial flexibility. A larger equity base and lower financing burden give SSDL more capacity to manage inventory needs, absorb operating volatility, and fund the wholesale business without relying heavily on borrowing.

Negative Factors

FY2026 Revenue DeclineThe latest revenue contraction indicates that sales momentum has weakened and may reflect pressure on demand, product mix, or realized pricing. A sustained decline would reduce operating leverage and make it harder for SSDL to protect earnings while maintaining its product assortment.

Saraswati Saree Depot Limited (SSDL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.48B
Dividend Yield: 4.74%
Average Volume (3M): 15.76K
Price to Earnings (P/E): 10.5
Beta (1Y): 1.08
Revenue Growth: 0.95%
EPS Growth: -23.25%
Country: India
Employees: 526
Sector: General
Sector Strength: 55
Industry: Apparel - Retail

Saraswati Saree Depot Limited Business Overview & Revenue Model

Company Description

Operating within India, Saraswati Saree Depot Ltd. functions as a wholesale distributor of traditional and ethnic garments for women. Their comprehensive product line includes sarees, kurtis, dress materials, blouse pieces, lehengas, bottoms, chunari...

How the Company Makes Money

SSDL primarily makes money by buying sarees and other women’s ethnic wear from manufacturers/weavers/suppliers and selling these products to downstream customers (typically retailers and other wholesale/trade buyers) at a markup. Its core revenue str...

Saraswati Saree Depot Limited Financial Statement Overview

Summary

Financial profile is solid overall, supported by strong deleveraging and equity growth, but recent revenue decline, margin compression, and historically volatile cash flows limit the score to moderately strong levels.

Income Statement

72Positive

Balance Sheet

86Very Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	6.35B	6.31B	6.04B	6.02B	5.92B	5.43B
Gross Profit	443.64M	400.13M	607.53M	674.28M	614.16M	457.38M
EBITDA	357.10M	378.08M	457.13M	428.57M	357.18M	215.98M
Net Income	236.59M	234.06M	305.76M	295.28M	229.74M	123.08M
Balance Sheet
Total Assets	0	2.87B	2.90B	2.06B	1.89B	1.70B
Cash, Cash Equivalents and Short-Term Investments	699.46M	699.46M	465.16M	98.68M	190.48M	172.32M
Total Debt	0	6.22M	153.29M	434.89M	414.29M	666.18M
Total Liabilities	-1.95B	922.79M	1.12B	1.41B	1.53B	1.58B
Stockholders Equity	1.95B	1.95B	1.78B	649.09M	353.82M	124.08M
Cash Flow
Free Cash Flow	-27.73M	329.79M	-36.77M	-94.91M	343.20M	-449.98M
Operating Cash Flow	1.89M	349.55M	14.10M	-85.40M	351.92M	-412.13M
Investing Cash Flow	-16.89M	-6.56M	-80.78M	-2.34M	-43.72M	-37.85M
Financing Cash Flow	-137.00M	-108.88M	433.17M	-4.07M	-290.03M	621.29M

Saraswati Saree Depot Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price63.62

Price Trends

50DMA62.39Positive

100DMA58.22Positive

200DMA59.67Positive

Market Momentum

MACD0.22Positive

RSI48.06Neutral

STOCH53.30Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SSDL, the sentiment is Neutral. The current price of 63.62 is below the 20-day moving average (MA) of 66.15, above the 50-day MA of 62.39, and above the 200-day MA of 59.67, indicating a neutral trend. The MACD of 0.22 indicates Positive momentum. The RSI at 48.06 is Neutral, neither overbought nor oversold. The STOCH value of 53.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SSDL.

Saraswati Saree Depot Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SSDL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SSDL	80Outperform	INR 2.52B	10.48	―	4.74%	0.95%	-23.25%
IN:STYLEBAAZA	65Neutral	INR 26.76B	56.08	―	―	34.89%	174.22%
IN:MANYAVAR	64Neutral	INR 116.19B	30.12	―	1.62%	1.95%	-2.63%
IN:V2RETAIL	57Neutral	INR 54.31B	29.11	―	―	63.30%	117.94%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:KALAMANDIR	52Neutral	INR 9.95B	6.91	―	2.31%	4.83%	20.42%
IN:GOCOLORS	50Neutral	INR 12.80B	24.28	―	―	-1.51%	-38.13%

* General Sector Average

Performance Comparison

IN:SSDL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SSDL	Saraswati Saree Depot Limited	63.62	-17.79	-21.85%
IN:GOCOLORS	Go Fashion (India) Limited	243.35	-395.55	-61.91%
IN:KALAMANDIR	Sai Silks (Kalamandir) Ltd.	64.91	-110.15	-62.92%
IN:MANYAVAR	Vedant Fashions Limited	478.20	-155.61	-24.55%
IN:STYLEBAAZA	Baazar Style Retail Limited	351.50	28.40	8.79%
IN:V2RETAIL	V2 Retail Limited	148.95	-100.56	-40.30%

Saraswati Saree Depot Limited Corporate Events

Saraswati Saree Depot to Contest GST Penalty on IPO-Related Input Tax Credit

Oct 19, 2026

Saraswati Saree Depot Limited has disclosed that it received an order in Form GST DRC-07 from the Joint Commissioner of Central GST, Kolhapur Commissionerate, following a show cause notice issued in December 2025. The order imposes an aggregate penal...

Saraswati Saree Depot Files Newspaper Ads of Q1 FY27 Results with Exchanges

Aug 16, 2026

Saraswati Saree Depot Limited has submitted to the Indian stock exchanges copies of newspaper advertisements detailing its unaudited financial results for the quarter ended June 30, 2026, together with a limited review report. The disclosures, publis...

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.

Date of analysis: Oct 02, 2026

Saraswati Saree Depot Limited AI Stock Analysis