Banaras Beads Limited (BANARBEADS) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Banaras Beads Limited stock ₹45.25, price ₹108, that is 57.9% below the price, quality 38 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹57.99 – ₹154.41 · fair‑value band ₹31.67 – ₹58.82 · the ₹107.56 price screens above the ₹45.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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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 Africa.
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It offers beads made from clay, brass, aluminum, copper, resin, ceramics, horn, bone, semiprecious stones, agate, lac, hand painted beads, and spray-painted beads. The company also trades in leather and cotton wax cords, and other handicraft products.
It serves wholesalers and retailers, companies dealing in craft business, craft stores and large retail chain stores, and online business companies. The company also exports its products. Banaras Beads Limited was founded in 1940 and is headquartered in Varanasi, India.
Stock analysis
Banaras Beads Limited (BANARBEADS) currently trades at ₹107.56, while our model-based Fair Value estimate is ₹45.25, 58% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹45.25 per share, and 0 of the 14 models we run sit above the ₹107.56 price.
Bear case: the Dividend Discount group reads lowest at ₹23.27, and 14 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹31.67 (bear) to ₹58.82 (bull), the price of ₹107.56 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Banaras Beads Limited reported revenue of ₹255M in FY2026 versus ₹243M in FY2022, a compound +1.2%/yr. Reported net income was ₹17.7M in FY2026, compounding −11.7%/yr from FY2022.
Key figures
Market cap ₹714M (≈ $7.6M) Micro · P/E ratio 38.3 · P/S ratio 2.52 · EPS (TTM) ₹2.81 · Dividend yield 2.1% · Net margin 6.7% · Return on equity 3.1% · Return on assets (EBIT) 2.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 30% fair-value upside, at −58%, BANARBEADS screens richer than that median.
Fair Value models
Bear₹31.67Fair Value ₹45.25Bull₹58.82
Price ₹107.56 · Downside -57.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹1.73 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Start year 2020 (pandemic). Over 10 years: +3.0% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.8%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: −5.8% / 0.6%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 10%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Footwear & Accessories · 100 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−57.9% · Bottom 25%
Profitability
Return on equity (12 months)3.1% · Below median
Return on assets2.2% · Below median
Net margin (12 months)6.7% · Above median
Operating margin (12 months)14.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)45.9% · Top 25%
Dividend yield (12 months)2.1% · Below median
Balance sheet
Debt / equity0.08× · Above median
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
P/E (12 months)38.3× · Priciest 25%
P/B1.24× · Cheaper than median
P/S (12 months)2.52× · Priciest 25%
EV/EBITDA13.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)100· sector 13
PAST (return on equity)13· sector 21
HEALTH (low debt)96· sector 97
DIVIDEND (yield)43· sector 58
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Banaras Beads Limited (BANARBEADS) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹45.25 versus a price of ₹107.56, about 58% lower (overvalued).
What is the fair value of BANARBEADS?
Our model-based fair value for Banaras Beads Limited is ₹45.25 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹107.56.
What is the quality score of BANARBEADS?
Banaras Beads Limited has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Banaras Beads Limited (BANARBEADS)?
Our model-based price target is the fair value of ₹45.25 (as of Nov 10, 2026) from 14 valuation models. Cautious scenario ₹31.67, optimistic scenario ₹58.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Banaras Beads Limited stock forecast for 2026?
Our models put fair value at ₹45.25, about 58% lower versus a price of ₹107.56 (overvalued). Cautious scenario ₹31.67, optimistic scenario ₹58.82. The calculation is refreshed regularly with new filings.
What is the revenue of Banaras Beads Limited (BANARBEADS)?
Banaras Beads Limited reported trailing-twelve-month revenue of about ₹283M (latest available figure, as of Nov 10, 2026).
Does Banaras Beads Limited pay a dividend?
Banaras Beads Limited currently shows a dividend yield of 2.15% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Banaras Beads Limited (BANARBEADS)?
Banaras Beads Limited has a dividend yield of 2.1%.
What is the intrinsic value of Banaras Beads Limited (BANARBEADS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banaras Beads Limited it is ₹45.25 per share (as of Nov 10, 2026), against a price of ₹107.56. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Banaras Beads Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, BANARBEADS trades above its calculated fair value: price ₹107.56, fair value ₹45.25, a gap of about −58% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BANARBEADS?
No. The price is what the market pays today (₹107.56); the fair value is what the company's own numbers justify (₹45.25). For Banaras Beads Limited the two are ₹62.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banaras Beads Limited worth?
The market values Banaras Beads Limited at about ₹714M (market capitalisation, as of Nov 10, 2026). Per share that is ₹107.56; our models calculate a fair value of ₹45.25 per share.
What do the bullish and bearish scenarios say about BANARBEADS?
Our models span a range for Banaras Beads Limited: cautious scenario ₹31.67, base ₹45.25, optimistic ₹58.82 per share (as of Nov 10, 2026, price ₹107.56). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BANARBEADS?
Banaras Beads Limited trades at a price-to-earnings ratio of 38.3 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹45.25 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 23.7. Other multiples: P/B 1.2, P/S 2.5, EV/EBITDA 13.5.
How solid is the balance sheet of Banaras Beads Limited (BANARBEADS)?
Balance-sheet figures for Banaras Beads Limited (as of Nov 10, 2026): return on equity 3.1%, debt of 0.08 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is BANARBEADS from its 52-week high?
Banaras Beads Limited trades at ₹107.56, about 22% below its 52-week high of ₹137.62 and 9% above the low of ₹98.30 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹45.25 is for.
Which stocks are comparable to Banaras Beads Limited?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, On Holding, Deckers Outdoor Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Banaras Beads Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹107.56, calculated fair value ₹45.25 (−58%), Quality Score 38/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BANARBEADS calculated?
We run Banaras Beads Limited through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹45.25 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Banaras Beads Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Banaras Beads Limited (BANARBEADS)?
The closing price on Nov 9, 2026 was ₹107.56. Our model-based fair value is ₹45.25, about 58% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banaras Beads Limited right now?
The price sits above even our optimistic bull case (₹58.82). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹31.67 to ₹58.82) leaves room in how you read the outcome.
Where does the earnings growth of Banaras Beads Limited (BANARBEADS) come from?
Earnings per share at Banaras Beads Limited grew +0.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +1.2 %, EBIT margin −1.7 %, tax rate +1.8 %, residual (interest, one-offs) −1.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Banaras Beads Limited
How large is the market capitalisation of Banaras Beads Limited (BANARBEADS)?
The market capitalisation of Banaras Beads Limited is ₹714M (≈ $7.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Banaras Beads Limited (BANARBEADS)?
The price-to-sales ratio of Banaras Beads Limited is 2.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Banaras Beads Limited (BANARBEADS)?
Earnings per share at Banaras Beads Limited are ₹2.81 (price ÷ EPS = P/E 38.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banaras Beads Limited (BANARBEADS)?
The dividend yield of Banaras Beads Limited is 2.1% (payout 82.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Banaras Beads Limited (BANARBEADS)?
The net margin of Banaras Beads Limited is 6.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Banaras Beads Limited (BANARBEADS)?
The return on equity (ROE) of Banaras Beads Limited is 3.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Banaras Beads Limited (BANARBEADS)?
On an EBIT basis the return on assets of Banaras Beads Limited is 2.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Banaras Beads Limited (BANARBEADS)?
The operating margin of Banaras Beads Limited is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banaras Beads Limited (BANARBEADS)?
Revenue at Banaras Beads Limited is growing +45.9% versus a year earlier (3y avg −0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Banaras Beads Limited (BANARBEADS)?
Earnings per share at Banaras Beads Limited are growing +17.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Banaras Beads Limited (BANARBEADS) generate?
The free cash flow of Banaras Beads Limited is −₹141M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Banaras Beads Limited (BANARBEADS) carry?
The net debt of Banaras Beads Limited is ₹200M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 10, 2026