Business

Take a call on Senco’s shine after it lists

By Dan Neff

There are hardly any distinct factors inherent to Senco that makes it any different from listed players. For long-term investors interested in jewellery retail business, an investment in Senco can be based on its post-listing performance.

Synopsis

Revenues have grown at a CAGR of 19% over the last 4 fiscal years to ₹4,077 crore. Net profit has grown at 32% during this period to ₹158 crore in FY23. The Ebitda margin for FY23 is at 8.5% with return on net worth standing at 19% and return on capital employed at 14%.

ET Intelligence Group: Kolkata-based Senco Gold is the largest organised jewellery retail player in eastern India run by the fourth generation of a traditional Bengali business family. It is raising ₹405 crore through an IPO comprising ₹135 crore of fresh issue and ₹270 crore of offer for sale wherein private equity player SAIF Partners India is diluting a part of its stake.BusinessAt the end of FY23, Senco operated 136 showrooms, with an area

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff