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Banaras Beads Limited (BANARBEADS)

₹114.58 +0.03% last close, 16 Oct

📊 NSE: BANARBEADS 🏢 Glass & Glass Products 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 13 Dec 2025

Q2 FY27 results

📅 Next results: 29 Oct 2026 (board meeting)

Banaras Beads Limited's board meets on 29 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Banaras Beads' revenue was ₹9.1 Cr (+45.9% year on year, +39.1% on the previous quarter), and net profit ₹0.7 Cr (+18.0% year on year); the operating margin was 15.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹9.1	+45.9%	+39.1%
Operating profit	₹1.4	+48.4%	-20.2%
Net profit	₹0.7	+18.0%	+30.9%
EPS (₹)	1.08	+17.4%	+30.1%
Operating margin	15.1%	—	—

Full quarterly financials → Results calendar →

BANARBEADS delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 91.2% of the BANARBEADS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 76.92%. That is higher than usual for this stock. Turnover was only ₹2 lakh, so a handful of trades can move this figure.

91.2%Delivery, 16 Oct

76.92%Own 20-session average

0.5×Volume vs its average

₹114.58NSE close · +0.03%

Delivery in the last 5 sessions: 92.6% · 96.5% · 69.8% · 67.9% · 91.2%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Banaras Beads Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Oct 2026, 01:37 PM

Banaras Beads Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent Mas Services Limited on October 6, 2026. The RTA confirmed that securities received for dematerialization between July 1, 2026, and September 30, 2026, were processed, accepted/rejected, and canceled within the mandated 15-day timeline. This is a recurring administrative filing confirming standard regulatory compliance.

Compliance certificate submitted for the quarter ended September 30, 2026
Covers dematerialization processing from July 1, 2026, to September 30, 2026
RTA confirmed securities processed and canceled within the mandated 15 days
Certificate issued by Registrar Mas Services Limited on October 6, 2026

💡 No action is required as this is a standard quarterly compliance filing. Investors should monitor upcoming board meeting dates for Q2 FY27 financial results.

Banaras Beads Closes Trading Window From October 1, 2026 For Q2 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Sep 2026, 12:25 PM

Banaras Beads Limited has announced the closure of its trading window starting October 1, 2026, pursuant to SEBI Insider Trading Regulations. The closure is in relation to the un-audited financial results for the quarter and half-year ended September 30, 2026. The window will remain shut until 48 hours following the formal announcement of these financial results. The exact date of the board meeting to approve the results will be notified in due course.

Trading window closes on October 1, 2026
Closure covers the quarter and half-year ended September 30, 2026
Window will reopen 48 hours after financial results are announced
List of 17 designated persons and SBOs shared with depositories

💡 Track the upcoming intimation regarding the specific board meeting date for the Q2 FY27 financial results.

Ban a r a s B e a d s : N C L T D i s m i s s e s L e g a l P e t i t i o n s F i l e d b y E x - D i r e c t o r a s W i t h d r a w n

🟡 N E U T R A L ⭐ 3/10

L E G A L 📅 14 Aug 2026, 12:20 PM

T h e N a t i o n a l C o m p a n y L a w T r i b u n a l ( N C L T ) A l l a h a b a d h a s p e r m i t t e d t h e w i t h d r a w a l o f a l o n g - s t a n d i n g e x e c u t i o n p e t i t i o n ( f i l e d i n 2 0 1 8 ) a n d a c o n t e m p t a p p l i c a t i o n ( f i l e d i n 2 0 2 3 ) b y e x - d i r e c t o r R a j K u m a r G u p t a . T h e p e t i t i o n s w e r e d i r e c t e d a g a i n s t t h e c o m p a n y a n d i t s C h a i r m a n & M D , A s h o k K u m a r G u p t a . W h i l e t h e p e t i t i o n e r h a s b e e n g r a n t e d l i b e r t y t o r e f i l e w i t h b e t t e r p a r t i c u l a r s , t h e c u r r e n t p r o c e e d i n g s a r e c l o s e d . T h e c o m p a n y h a s s t a t e d t h a t t h e r e i s n o q u a n t i f i a b l e f i n a n c i a l i m p a c t f r o m t h i s o r d e r .

N C L T A l l a h a b a d p a s s e d t h e o r d e r o n A u g u s t 6 , 2 0 2 6 , r e g a r d i n g c a s e E P N o . 4 2 4 / A L D / 2 0 1 8 .
P e t i t i o n e r R a j K u m a r G u p t a w i t h d r e w t h e 6 - y e a r - o l d e x e c u t i o n p e t i t i o n a n d a 2 0 2 3 c o n t e m p t a p p l i c a t i o n .
T h e c o m p a n y r e p o r t e d t h e f i n a n c i a l i m p a c t o f t h i s w i t h d r a w a l a s N I L .
T h e p e t i t i o n e r r e t a i n s l i b e r t y t o f i l e a f r e s h p e t i t i o n w i t h b e t t e r p a r t i c u l a r s .
B a n a r a s B e a d s r e p o r t e d a n e t p r o f i t o f R s 0 . 7 2 c r o r e i n t h e J u n e 2 0 2 6 q u a r t e r .

💡 I n v e s t o r s s h o u l d m o n i t o r i f t h e e x - d i r e c t o r r e f i l e s t h e p e t i t i o n w i t h a d d i t i o n a l d e t a i l s , a s t h i s c o u l d r e o p e n t h e l e g a l d i s p u t e .

Banaras Beads Files 46th AGM Minutes; 21 Shareholders Control 84.86% of Equity

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Aug 2026, 02:36 PM

Banaras Beads Limited has submitted the minutes and shareholding distribution schedule for its 46th Annual General Meeting held on July 30, 2026. The company maintains a total issued capital of 6,597,522 shares with a nominal value of Rs 10 each. Promoter holding is confirmed at 58.48%, while the distribution schedule reveals a high concentration of ownership, with just 21 shareholders holding 84.86% of the total equity. Retail participation is high in number (94.19% of shareholders) but low in equity weight (6.57%).

Total issued capital consists of 6,597,522 fully paid-up equity shares of Rs 10 each.
Promoter and Director group holds 58.48% of the company, totaling 3,858,375 shares.
Extreme ownership concentration noted with 21 shareholders (0.35% of total count) holding 84.86% of equity.
Small retail investors (holding up to 500 shares) represent 94.19% of the 5,969 total shareholders.
Ramgulam Kanhia Lal Charitable Trust is the largest non-promoter entity with a 14.72% stake.

💡 Investors should focus on the company's execution of its 'de-Lemon' retail brand and Logistic Park development mentioned in its growth strategy, as this filing is purely administrative.

100% Approval for FY26 Financials and Director Re-appointment at Banaras Beads AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jul 2026, 05:18 PM

Banaras Beads Limited concluded its 46th Annual General Meeting (AGM) on July 30, 2026, with shareholders approving all resolutions with 100% of the votes polled. A total of 4,618,025 votes, representing 70% of the total outstanding shares, were cast in favor of adopting the FY26 audited financial statements. The re-appointment of Shri Ashok Kumar Gupta as a director was also approved unanimously by those voting. The meeting saw participation from 67 shareholders out of a total base of 5,969.

100% of the 4,618,025 votes polled were in favor of adopting the FY26 financial statements
Total shareholder participation represented 70.00% of the 6,597,522 total outstanding shares
Shri Ashok Kumar Gupta's re-appointment was approved with 3,731,840 votes in favor
The company recorded a total of 5,969 shareholders as of the July 23, 2026, cut-off date
Public non-institutional participation in the voting for Item 1 was 100% of their 970,910 shares

💡 As this is a routine procedural filing, investors should focus on the company's execution of its 'de-Lemon' retail brand launch and the development of its Logistic Park as outlined in its growth strategy.

Banaras Beads 46th AGM: Shareholders Query Dividend Absence and Future Growth Strategy

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Jul 2026, 04:53 PM

Banaras Beads Limited concluded its 46th Annual General Meeting on July 30, 2026, with 67 shareholders in attendance. The meeting covered the adoption of FY 2025-26 financial statements and the re-appointment of Chairman Ashok Kumar Gupta. Management discussed strategies to increase turnover through new products, while shareholders raised specific concerns regarding the absence of a dividend. The company confirmed that the audit reports for the fiscal year contained no qualifications or adverse remarks.

46th AGM conducted with 67 shareholders present in person (5 promoter, 62 public).
Total shareholder base stood at 5,969 as of the July 23, 2026 cut-off date.
Management addressed shareholder queries regarding future business strategy and the lack of dividend payments.
Audit and Secretarial Audit reports for FY 2025-26 were reported as having zero qualifications or observations.
Notice of the meeting was dispatched to 5,011 shareholders via email and 1,056 via physical post/courier.

💡 Investors should monitor the formal voting results to be released within 48 hours and track the execution of the 'de-Lemon' retail brand launch mentioned in the company's broader growth strategy.

Banaras Beads Approves Q1 FY27 Results; Auditors Issue Clean Report

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 24 Jul 2026, 01:38 PM

Banaras Beads Limited held its board meeting on July 23, 2026, to approve the un-audited financial results for the quarter ended June 30, 2026. The meeting lasted approximately 1 hour and 46 minutes, concluding with the approval of the provisional results and related statements. Significantly, the statutory auditors issued a Limited Review Report without any qualifications or adverse remarks, indicating compliance with accounting standards. While the specific revenue and profit figures were not detailed in this cover letter, the filing confirms the submission of statements regarding related party transactions and loan defaults.

Board meeting conducted on July 23, 2026, between 11:30 A.M. and 01:16 P.M.
Financial results approved for the quarter ended June 30, 2026.
Statutory auditors issued a report with 0 qualifications or adverse remarks.
Company maintains a net worth of Rs 58 Cr and debt of Rs 21 Cr as per latest context.
Filing includes mandatory disclosures on related party transactions and loan defaults.

💡 Investors should examine the full financial tables to verify if the company is achieving its 20% expected growth rate and to monitor the traction of the 'de-Lemon' retail brand.

45.9% YoY Revenue Growth in Q1 FY27 for Banaras Beads Limited

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 23 Jul 2026, 02:44 PM

Banaras Beads Limited reported a strong performance for Q1 FY27, with revenue from operations reaching 905.84 lacs, a 45.90% increase compared to the same quarter last year. Profit After Tax (PAT) grew by 18.02% YoY to 71.98 lacs, while Earnings Per Share (EPS) improved to 1.08 from 0.92. The company also showed significant sequential growth, with revenue up 39.18% and PAT up 31.03% compared to Q4 FY26. Management expressed confidence that this increasing trend in turnover and profitability will continue in upcoming periods.

Revenue from operations increased by 45.90% YoY to 905.84 lacs in Q1 FY27.
Profit After Tax (PAT) rose 18.02% YoY to 71.98 lacs from 60.99 lacs.
Quarter-on-quarter revenue growth was robust at 39.18% compared to 650.82 lacs in Q4 FY26.
Earnings Per Share (EPS) increased by 17.39% YoY to 1.08.
Management expects the current growth trend in both turnover and profitability to be sustained.

💡 Investors should monitor the sustainability of this growth, specifically tracking the performance of the new 'de-Lemon' retail brand and the progress of the Logistic Park development mentioned in company strategy.

Banaras Beads Reports Nil Deviation in Fund Utilization for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 23 Jul 2026, 01:46 PM

Banaras Beads Limited has filed its quarterly statement of deviation or variation under Regulation 32 of SEBI (LODR). The company explicitly stated that it has not raised any funds through public, rights, or preferential issues since 1995. As a result, there are no deviations or variations to report for the quarter ended June 30, 2026. This filing is a routine regulatory requirement and confirms the absence of new capital market fund-raising activities.

No funds have been raised by the company through public or rights issues since 1995
Zero deviation or variation reported for the quarter ended June 30, 2026
The statement was reviewed and approved by the Audit Committee and Board on July 23, 2026
Filing complies with Regulation 32(1), (2), and (3) of SEBI (LODR) Regulations 2015

💡 This is a procedural filing with no impact on business fundamentals; investors should monitor upcoming quarterly financial results for operational performance updates.

Banaras Beads (Rs 74 Cr M-Cap) Approves Q1 FY27 Results; No Auditor Qualifications Reported

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 23 Jul 2026, 01:30 PM

Banaras Beads Limited approved its unaudited financial results for the quarter ended June 30, 2026, during a board meeting on July 23, 2026. The company, which operates in the glass and glass products industry, reported a TTM revenue of Rs 25 Cr and a PAT of Rs 2 Cr prior to this announcement. The statutory auditors issued a limited review report with zero qualifications or adverse remarks. The meeting lasted approximately 1 hour and 46 minutes, concluding at 1:16 P.M.

Board meeting held on July 23, 2026, from 11:30 A.M. to 1:16 P.M. to approve Q1 results.
Statutory auditors issued a clean report with 0 qualifications or adverse remarks for the quarter ended June 30, 2026.
Company maintains a promoter holding of 58.48% as of the most recent March 2026 filing.
TTM revenue stands at Rs 25 Cr against a market capitalization of Rs 74 Cr.
The company is currently trading at a P/E of 41.6 with a debt-to-equity ratio of 0.36.

💡 Investors should examine the detailed P&L statement for the 'de-Lemon' retail brand's performance and any updates on the proposed Logistic Park development, which are key growth drivers.

Banaras Beads Reports 100% Compliance with SEBI Insider Trading Regulations for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 07 Jul 2026, 02:20 PM

Banaras Beads Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026. The company confirmed that it captured 1 event involving Unpublished Price Sensitive Information (UPSI) during the quarter, as required by SEBI (Prohibition of Insider Trading) Regulations. The database is maintained internally, is non-tamperable, and includes an audit trail. No non-compliances were reported for the period, indicating adherence to standard governance protocols.

1 event involving UPSI was captured in the database during the quarter ended June 30, 2026
The database is designed to maintain records for a period of 8 years as per regulatory requirements
Zero non-compliances were observed or reported for the previous quarter
The company maintains an internal audit trail for all UPSI dissemination

💡 This is a routine regulatory filing. Investors should focus on the upcoming Q1 FY27 financial results to assess the company's progress on its 'de-Lemon' brand launch and export performance.

June 30, 2026: Banaras Beads Submits Quarterly SEBI Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 02:03 PM

Banaras Beads Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018, for the period ending June 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Mas Services Limited, confirms that all dematerialization requests were processed within the mandated 15-day window. This is a standard administrative filing required for all listed companies to ensure the integrity of shareholding records. The company maintains a small-cap profile with TTM revenue of Rs 25 Cr and PAT of Rs 2 Cr.

Compliance certificate issued for the quarter ended June 30, 2026.
Confirmation that dematerialization requests were accepted or rejected within 15 days of receipt.
Verification that security certificates were mutilated and cancelled as per regulatory requirements.
Registrar and Share Transfer Agent (RTA) confirmed as Mas Services Limited, New Delhi.

💡 No action is required as this is a routine regulatory filing. Investors should monitor upcoming quarterly financial results for updates on the 'de-Lemon' retail brand launch.

Banaras Beads Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 01:51 PM

Banaras Beads Limited has informed the stock exchanges that its trading window for dealing in company securities will be closed starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of financial results. The closure will remain in effect until 48 hours after the announcement of the un-audited financial results for the quarter ended June 30, 2026. The specific date for the board meeting to approve these results is yet to be determined and will be communicated later.

Trading window closure commences on July 1, 2026, for all designated persons and insiders.
The closure is related to the upcoming un-audited financial results for the quarter ending June 30, 2026.
Restriction will end 48 hours after the financial results are officially declared to the exchanges.
The company has provided a list of 17 designated persons and entities subject to this trading restriction.

💡 This is a routine compliance filing and does not reflect any change in the company's fundamentals. Investors should monitor for the upcoming board meeting date to see the actual financial performance for the quarter.

Banaras Beads Reports FY26 Turnover of ₹24.29 Cr and PAT of ₹1.77 Cr in Sustainability Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Jun 2026, 04:55 PM

Banaras Beads Limited has released its Business Responsibility and Sustainability Report for FY 2025-26, reporting a total turnover of ₹24.29 crore and a net profit of ₹1.77 crore. The company operates primarily in the handicraft and glass beads export sector, serving international markets including the USA, UK, and Germany. Notably, the company reported zero CSR spending for the year, stating that specific SEBI LODR regulations for BRSR are not yet mandatory for its current size. The workforce consists of 243 permanent employees, with a significant 41.5% representation of women.

Total turnover for FY 2025-26 reached ₹2429.03 Lacs with a Profit After Tax (PAT) of ₹177.46 Lacs.
The company maintains a workforce of 243 permanent employees, including 101 women and 10 employees with disabilities.
Export-oriented business model serving major global markets including the USA, Europe, and the Middle East.
Zero CSR expenditure reported as the company currently falls outside the mandatory threshold of SEBI Regulation 34(2)(f).
Sustainability efforts include recycling 100% of production waste and sourcing from local Karigars and small producers.

💡 Investors should monitor the company's export performance and margin stability in the handicraft sector. As a small-cap entity, the focus should remain on its ability to scale revenue beyond the current ₹24 crore level.

Banaras Beads Schedules 46th AGM for July 30, 2026; No Dividend Declared for FY26

🔴 NEGATIVE ⭐ 4/10

ROUTINE 📅 24 Jun 2026, 01:24 PM

Banaras Beads Limited has announced its 46th Annual General Meeting (AGM) to be held on July 30, 2026, to adopt financial statements for FY 2025-26. Crucially for shareholders, the Board has not recommended any dividend for the year, citing lower profits. The meeting will also consider the re-appointment of Director Ashok Kumar Gupta. Shareholders as of the cut-off date of July 23, 2026, are eligible for e-voting.

46th Annual General Meeting scheduled for July 30, 2026, at 3:00 PM in Varanasi.
No dividend recommended for the financial year ended March 31, 2026, due to lower profitability.
Cut-off date for e-voting eligibility is July 23, 2026.
Share transfer books and Register of Members will be closed from July 24 to July 30, 2026.
Agenda includes the re-appointment of Shri Ashok Kumar Gupta as a director liable to retire by rotation.

💡 The decision to skip the dividend indicates weak earnings performance for the fiscal year; investors should scrutinize the full annual report to understand the drivers behind the lower profits.

View All BANARBEADS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment: Handicrafts (Glass Beads, Necklaces, Imitation Jewelry), which grew 11.85% YoY to INR 31.56 Cr in FY 2024-25.

Geographic Revenue Split

Mainly Varanasi-based commercial activity; the company identifies as an Export House, indicating a high percentage of international revenue, though specific % split is not disclosed.

Profitability Margins

Net Profit Margin for FY 2024-25 was 9.78% (INR 3.08 Cr), a slight improvement from 9.75% (INR 2.75 Cr) in FY 2023-24.

EBITDA Margin

Not explicitly disclosed, but Net Profit Before Taxation margin was 12.84% in FY 2024-25, up from 13.06% in FY 2023-24.

Capital Expenditure

The company is in the process of expanding into developing a Logistic Park/Godown to generate additional income; specific INR Cr values are not disclosed.

⚙️ Operational Drivers

Raw Materials

Glass, beads, and jewelry components are the primary raw materials; specific % of total cost is not disclosed.

Capacity Expansion

Expanding into Logistic Park/Godown development; current manufacturing capacity for beads/jewelry is not disclosed in MT/units.

Manufacturing Efficiency

The company employs 236 permanent employees (including 98 women) as of March 31, 2025; labor relations are reported as cordial.

📈 Strategic Growth

Expected Growth Rate

20%

Growth Strategy

Growth will be driven by the launch of the 'de-Lemon' retail brand in the indigenous market, online sales through Amazon and Flipkart, development of a Logistic Park/Godown, and continuous development of new handicraft designs.

Products & Services

Glass Beads, Necklaces, and Imitation Jewelry.

Brand Portfolio

de-Lemon

New Products/Services

New handicraft items/designs and the 'de-Lemon' retail product line; expected revenue contribution % is not disclosed.

Market Expansion

Targeting the indigenous Indian market through retail counters, stores, and e-commerce platforms.

Strategic Alliances

Online retail partnerships with Amazon and Flipkart.

🌍 External Factors

Industry Trends

The handicraft industry is seeing increased demand in international and indigenous markets, with a shift toward organized retail and e-commerce adoption.

Competitive Moat

Moat is derived from its status as a Government-recognized Export House and ISO 9001:2015 certification, ensuring quality standards for international buyers.

Macro Economic Sensitivity

Highly sensitive to global economic conditions and government fiscal policies related to exports (duty drawback, DEPB).

Consumer Behavior

Shift toward online purchasing for imitation jewelry and handicrafts via platforms like Amazon and Flipkart.

Geopolitical Risks

Trade barrier impacts and changes in international custom duties/government policies.

⚖️ Regulatory & Governance

Industry Regulations

Operations are affected by duty drawback schemes, DEPB, and custom duty on imports.

Environmental Compliance

ISO 9001:2015 certified; specific ESG compliance costs are not disclosed.

Taxation Policy Impact

Effective tax rate for FY 2024-25 was approximately 23.8% (INR 0.96 Cr tax on INR 4.05 Cr PBT).

Legal Contingencies

A 2.509-hectare land parcel was acquired by VDA in 2000; the company issued a forfeiture notice to 403 shareholders for 40,300 partly paid-up shares.

⚠️ Risk Analysis

Key Uncertainties

Future Covid-19 impacts, changes in duty drawback/DEPB rates, and exchange rate volatility could impact profitability by over 10-20% based on growth targets.