Price Movement and Market Performance
On 22 Jan 2026, Saraswati Saree Depot Ltd opened sharply lower at Rs.65, representing a gap down of 5.96% from the previous close. The stock traded at this level throughout the day, touching an intraday low of Rs.65, which is also its new 52-week and all-time low. This marks the fourth consecutive day of decline, during which the stock has lost 10.16% in value. The underperformance is notable when compared to its sector peers, with the stock lagging the Garments & Apparels sector by 6.25% on the day.
Despite the recent weakness, the stock recorded a modest positive day change of 2.20% relative to the Sensex’s 0.98% gain, indicating some intraday volatility. However, the broader trend remains negative, with the stock trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling sustained bearish momentum.
Long-Term and Short-Term Returns
The stock’s performance over various time horizons highlights a pattern of underperformance relative to benchmark indices. Over the past year, Saraswati Saree Depot Ltd has delivered a return of -41.45%, starkly contrasting with the Sensex’s positive 8.26% return. Year-to-date figures also show a decline of 8.01%, compared to the Sensex’s 2.94% fall. Over three months, the stock has dropped 17.35%, while the Sensex declined by only 2.03%. The one-month return of -9.93% further emphasises the recent downward pressure.
Longer-term figures reveal a lack of growth, with the stock showing no appreciable gains over three, five, and ten-year periods, while the Sensex has delivered robust returns of 36.44%, 69.22%, and 238.50% respectively. This indicates that Saraswati Saree Depot Ltd has struggled to generate sustained shareholder value over the past decade.
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Financial Metrics and Valuation
Despite the stock’s price decline, Saraswati Saree Depot Ltd exhibits certain financial strengths. The company reported its highest quarterly net sales of Rs.208.39 crores in September 2025, alongside a peak PBDIT of Rs.14.06 crores and PBT less other income of Rs.12.36 crores. These figures indicate some resilience in revenue and profitability streams amid a challenging market backdrop.
The company maintains a low average debt-to-equity ratio of zero, reflecting a conservative capital structure with minimal leverage. This financial prudence is complemented by a return on equity (ROE) of 16.84%, which is considered high and indicative of efficient management utilisation of shareholder funds.
Valuation metrics show a price-to-book value of 1.5, suggesting a relatively attractive valuation given the company’s earnings profile. Additionally, the stock offers a high dividend yield of 5.15% at the current price level, providing income potential for shareholders despite the price weakness.
Sector and Shareholding Context
Saraswati Saree Depot Ltd operates within the Garments & Apparels industry, a sector that has faced varied demand pressures and competitive dynamics. The majority shareholding is held by promoters, indicating concentrated ownership and potential influence over strategic decisions.
Growth Trends and Comparative Performance
Over the last five years, the company’s net sales have grown at an annual rate of just 1.00%, while operating profit has increased at a modest 6.45% per annum. These growth rates are subdued relative to broader industry benchmarks and market expectations.
The stock’s underperformance extends beyond recent months, with returns lagging the BSE500 index over one year, three months, and three years. This persistent underperformance highlights challenges in delivering consistent value to shareholders over multiple time frames.
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Mojo Score and Rating Update
MarketsMOJO assigns Saraswati Saree Depot Ltd a Mojo Score of 53.0, placing it in the 'Hold' category. This rating was upgraded from a previous 'Sell' grade on 11 Nov 2025, reflecting some improvement in management efficiency and valuation metrics. The company holds a Market Cap Grade of 4, indicating a mid-cap status within its sector.
The 'Hold' rating is supported by the company’s strong ROE and low leverage, balanced against its subdued growth and recent price weakness. This nuanced assessment underscores the mixed signals from financial and market performance data.
Summary of Current Situation
Saraswati Saree Depot Ltd’s fall to an all-time low of Rs.65 marks a significant point in its market journey, underscored by a prolonged period of price declines and underwhelming returns. While the company demonstrates financial discipline and attractive dividend yield, its growth trajectory and stock price performance remain subdued relative to sector peers and broader market indices.
The stock’s position below all major moving averages and its recent consecutive losses highlight the prevailing downward momentum. Investors and market participants will note the contrast between the company’s operational profitability and its market valuation, which has been pressured by broader sectoral and market factors.
Overall, Saraswati Saree Depot Ltd presents a complex picture of financial stability amid challenging market conditions, reflected in its current share price and long-term performance metrics.
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