Stock Price and Market Performance Overview
On 24 Feb 2026, Saraswati Saree Depot Ltd’s share price touched Rs.60.01, the lowest level since its listing. Despite a modest intraday gain of 0.46%, the stock remains below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend. The stock outperformed its sector by 0.84% on the day, yet this marginal improvement follows three consecutive days of decline.
Comparing the stock’s returns to the broader market, the underperformance is stark. Over the past one year, Saraswati Saree has delivered a negative return of -37.91%, while the Sensex has appreciated by 10.94%. Year-to-date, the stock has fallen by 15.47%, significantly lagging the Sensex’s decline of 3.08%. The three-month performance shows a drop of 19.82%, compared to the Sensex’s modest fall of 2.71%. Longer-term returns over three, five, and ten years stand at zero, contrasting sharply with the Sensex’s gains of 38.90%, 62.65%, and 257.73% respectively.
Financial Metrics Highlighting the Current Situation
The company’s quarterly financials reveal further challenges. Net sales for the latest quarter stood at Rs.144.47 crores, down 14.0% compared to the previous four-quarter average. Profit after tax (PAT) declined sharply by 59.6% to Rs.3.21 crores, while PBDIT reached a low of Rs.4.75 crores, marking the weakest quarterly operating profit recorded. These figures reflect a contraction in both top-line and bottom-line performance in the near term.
Over the past five years, Saraswati Saree’s net sales have grown at a modest annual rate of 1.00%, while operating profit has increased at 6.45% annually. These growth rates are subdued relative to industry peers and broader market expectations, contributing to the stock’s diminished appeal.
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Relative Performance and Market Position
The stock’s underperformance extends beyond absolute returns. It has lagged the BSE500 index over the last three years, one year, and three months, indicating persistent challenges in maintaining competitive positioning within the broader market. The stock’s Mojo Score currently stands at 31.0, with a Mojo Grade of Sell, downgraded from Hold on 11 Nov 2025. This reflects a deteriorated outlook based on comprehensive financial and market data analysis.
Despite the negative trend, Saraswati Saree Depot Ltd maintains a low average debt-to-equity ratio of zero, indicating a conservative capital structure. The company’s return on equity (ROE) remains relatively high at 16.84%, suggesting efficient utilisation of shareholder funds. Additionally, the Price to Book Value ratio is 1.4, which is considered very attractive in valuation terms, supported by a ROE of 14.4% over the past year.
Shareholding and Sector Context
The majority shareholding is held by promoters, which may influence strategic decisions and capital allocation. Operating within the Garments & Apparels sector, Saraswati Saree faces sectoral pressures that have impacted its financial performance and stock valuation. The sector itself has experienced mixed trends, with some peers showing resilience while others have faced similar headwinds.
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Summary of Key Financial and Market Indicators
The stock’s recent performance highlights a challenging environment for Saraswati Saree Depot Ltd. The all-time low price of Rs.60.01 is a culmination of subdued sales growth, declining profits, and sustained underperformance relative to market benchmarks. While the company exhibits strong management efficiency as reflected in its ROE and maintains a conservative debt profile, these factors have not translated into positive stock returns or growth momentum.
Investors and market participants observing Saraswati Saree’s trajectory will note the divergence between valuation attractiveness and operational results. The stock’s current Mojo Grade of Sell and low Mojo Score underscore the cautious stance adopted by analytical frameworks assessing its prospects.
Conclusion
Saraswati Saree Depot Ltd’s fall to an all-time low price marks a significant moment in its market history, reflecting a combination of financial pressures and market dynamics. The company’s performance metrics over recent quarters and years illustrate the depth of the challenges faced. While certain financial ratios remain favourable, the overall trend remains subdued, with the stock continuing to trade below key moving averages and lagging broader market indices.
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