Senco Gold Ltd, a leading name in the Indian jewelry industry, has built a strong legacy over eight decades, known for trust, transparency, and craftsmanship. The company offers a wide range of gold and diamond jewelry, including specialized collections like the Temple and Vivaha Collection, all crafted by skilled artisans, reflecting Bengal’s traditional artistry. With BIS hallmarked gold, certified diamonds, and customer-friendly services like lifetime maintenance and buyback guarantees, Senco Gold ensures high standards and customer satisfaction. Financially, the company has shown impressive growth, further solidifying its market position.
About Senco Gold
Senco Gold stands as the largest jewelry retail player in East India, boasting an impressive network of 150 stores, both large and small format, that offer a diverse range of gold and diamond jewelry, as well as silver, platinum, precious, and semi-precious stones, and other metals. Their extensive product catalog includes over 108,000 designs for gold jewelry and 46,000 designs for diamond jewelry, all sold under the brand name “Senco Gold & Diamonds.”
Senco Gold’s market cap as of 30th September 2024 stands at ₹11,246 Cr., with a current stock price of ₹1,450.
Latest News about Senco Gold
Senco Gold Ltd is actively pursuing expansion by extending its retail presence beyond eastern regions, particularly targeting Delhi-NCR and Uttar Pradesh. In addition to this, the company has ventured into the fashion industry with the launch of its wholly-owned subsidiary, Sennes Fashion, to diversify its portfolio. Financially, Senco Gold has seen notable moves, with Oman India Joint Investment Fund selling shares worth over ₹75 crore through an open market transaction, while ICICI Prudential Life Insurance has acquired a stake in the company, reflecting investor confidence.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 68.48% | 68.46% | 68.46% | 68.46% |
| FIIs + | 14.45% | 14.48% | 14.02% | 7.72% |
| DIIs + | 8.48% | 7.00% | 7.52% | 10.46% |
| Public + | 8.60% | 10.07% | 10.00% | 13.35% |
| No. of Shareholders | 47,683 | 74,422 | 62,565 | 82,229 |
As of June 2024, Senco Gold’s shareholding pattern reflects a stable dominance by promoters, maintaining a consistent 68.46% stake from December 2023 onwards. Foreign Institutional Investors (FIIs) have seen a significant decrease in their holding, dropping from 14.48% in December 2023 to 7.72% by June 2024. In contrast, Domestic Institutional Investors (DIIs) increased their share from 7.00% to 10.46% over the same period. Public shareholding has grown considerably, rising from 8.60% in September 2023 to 13.35% in June 2024, accompanied by a substantial increase in the number of shareholders from 47,683 to 82,229 during this period.
Below are the trading platforms that you can use to purchase Senco Gold shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 1,536.85 | 1,336.39 |
| November 2024 | 1,598.33 | 1,389.85 |
| December 2024 | 1,614.31 | 1,403.75 |
As we step into October 2024, Senco Gold is expected to reach a maximum price of ₹1,536.85 and a minimum price of ₹1,336.39. Following that, as we approach November 2024, the maximum price is projected to be ₹1,598.33, while the minimum price is anticipated to be ₹1,389.85. Finally, in December 2024, Senco Gold is expected to attain a maximum price of ₹1,614.31 and a minimum price of ₹1,403.75. These projections indicate a positive trajectory for Senco Gold in the fourth quarter of 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,630.45 | 1,254.20 |
| February 2025 | 1,646.92 | 1,266.86 |
| March 2025 | 1,681.51 | 1,293.47 |
| April 2025 | 1,664.86 | 1,280.66 |
| May 2025 | 1,616.37 | 1,243.36 |
| June 2025 | 1,689.11 | 1,299.31 |
| July 2025 | 1,655.99 | 1,273.84 |
| August 2025 | 1,707.20 | 1,313.23 |
| September 2025 | 1,727.69 | 1,328.99 |
| October 2025 | 1,772.61 | 1,363.55 |
| November 2025 | 1,816.92 | 1,397.63 |
| December 2025 | 1,898.69 | 1,460.53 |
As we move into January 2025, Senco Gold is projected to reach a maximum price of ₹1,630.45, with a minimum of ₹1,254.20. By March, the maximum is expected to be ₹1,681.51, while April may see ₹1,664.86 at its peak. In June, it could rise to ₹1,689.11 and potentially reach ₹1,707.20 in August. By October, the maximum might be ₹1,772.61, followed by ₹1,816.92 in November. Finally, as we move into December 2025, Senco Gold is anticipated to achieve a maximum price of ₹1,898.69, with a minimum of ₹1,460.53.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹2,238.18 | ₹1,466.73 |
| 2027 | ₹2,701.90 | ₹1,738.89 |
| 2028 | ₹3,294.00 | ₹2,119.95 |
| 2029 | ₹4,015.84 | ₹2,584.52 |
| 2030 | ₹4,895.87 | ₹3,150.89 |
As we look ahead, Senco Gold is projected to reach a maximum price of ₹2,238.18 and a minimum price of ₹1,466.73 in 2026. The following year, 2027, is expected to see the maximum rise to ₹2,701.90, with a minimum of ₹1,738.89. In 2028, Senco Gold may achieve a maximum price of ₹3,294.00 and a minimum of ₹2,119.95. By 2029, the maximum is anticipated to climb to ₹4,015.84, while the minimum could be ₹2,584.52. Finally, as we approach 2030, Senco Gold is forecasted to reach a maximum of ₹4,895.87, with a minimum price of ₹3,150.89.
Financial Condition of Senco Gold: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,420 | 2,660 | 3,535 | 4,076 | 5,230 | 5,341 |
| Expenses + | 2,197 | 2,479 | 3,247 | 3,746 | 4,835 | 4,917 |
| Operating Profit | 223 | 182 | 287 | 330 | 394 | 424 |
| OPM % | 9% | 7% | 8% | 8% | 8% | 8% |
| Other Income + | 9 | 15 | 13 | 32 | 43 | 46 |
| Interest | 63 | 73 | 80 | 98 | 121 | 113 |
| Depreciation | 37 | 40 | 42 | 45 | 59 | 64 |
| Profit before tax | 132 | 84 | 178 | 219 | 257 | 292 |
| Tax % | 31% | 26% | 27% | 26% | 27% | |
| Net Profit + | 91 | 62 | 130 | 161 | 189 | 214 |
| EPS in Rs | 17.1 | 11.57 | 24.47 | 28.81 | 24.29 | 27.49 |
| Dividend Payout % | 0% | 13% | 4% | 5% | 8% |
Senco Gold’s financial performance has shown consistent growth from March 2020 to the trailing twelve months (TTM) ending March 2024. The company experienced a strong increase in sales, rising from ₹2,420 crore in March 2020 to ₹5,341 crore in the TTM period. Expenses also increased during this period, from ₹2,197 crore to ₹4,917 crore, which reflects the company’s expansion and operational scaling.
Operating profit for Senco Gold grew from ₹223 crore in March 2020 to ₹424 crore in TTM 2024, with an operating profit margin (OPM) remaining stable at 8% after some fluctuations. Other income also saw growth, rising from ₹9 crore in March 2020 to ₹46 crore in TTM 2024. Interest expenses increased from ₹63 crore to ₹113 crore over the same period, indicating the company’s rising financial leverage. Depreciation costs climbed from ₹37 crore to ₹64 crore.
Profit before tax improved from ₹132 crore in March 2020 to ₹292 crore in TTM 2024, while the net profit increased from ₹91 crore to ₹214 crore, reflecting Senco Gold’s strong financial health. The earnings per share (EPS) saw fluctuations, reaching ₹27.49 in the TTM period, compared to ₹17.1 in March 2020. The dividend payout percentage increased to 8% by 2024, indicating the company’s growing commitment to rewarding its shareholders.
FAQs
What is the current market capitalization of Senco Gold?
The current market cap of Senco Gold is ₹11,246 Crores.
The current share price is ₹1,450.
What is the stock’s Price-to-Earnings (P/E) ratio?
The stock’s P/E ratio is 52.8.
In January 2025, the maximum expected share price is ₹1,630.45, and the minimum is ₹1,254.20. The maximum and minimum targets increase steadily, with a peak of ₹1,898.69 and a minimum of ₹1,460.53 in December 2025.
The share price targets for this period indicate a gradual but substantial growth trajectory, with maximum and minimum levels gradually increasing each year.
Also Read:
- TITAN SHARE PRICE TARGET 2024, 2025 to 2030
- ZOMATO SHARE PRICE TARGET 2024, 2025 to 2030
- TRENT SHARE PRICE TARGET 2024, 2025 to 2030
Conclusion
In conclusion, Senco Gold Limited is a prominent contender in the competitive Indian jewelry industry, bringing its own unique strengths and market presence to the forefront. Senco Gold’s remarkable position as the largest organized jewelry retail player in the Eastern region, with a network of 150 stores offering a diverse range of jewelry options, underscores its stronghold in the market.
Senco Gold specialize in gold and diamond jewelry, with an unwavering commitment to offering hallmarked and certified products, assuring quality and authenticity to customers. Senco Gold’s financial performance over the last five years reveals a compelling growth story, marked by consistent increases in sales, operating profit, and net profit, reflecting a strong financial performance and growth potential.
Market analysts and experts have provided optimistic share price targets for Senco Gold, indicating the potential for growth in both the short term and long term. However, prudent investors should conduct thorough research, consider their investment objectives, and manage their risk tolerance when navigating the dynamic Indian jewelry market.
Senco Gold presents promising opportunities for investors, but market conditions can fluctuate, emphasizing the importance of careful consideration and consultation with financial experts. In this comprehensive exploration of these two prominent jewelry companies, we have delved into every aspect of their operations, growth strategies, market presence, and investment potential within the vibrant Indian jewelry industry.
In my personal opinion, Senco Gold is a good investment opportunity, as the growth opportunity is immense. The company is less than Rs. 15,000 Crore marketcap, and has potential to do more than 3x, as its business grow.
What did we learn?
- 1 About Senco Gold
- 2 Latest News about Senco Gold
- 3 Shareholding Patterns of Senco Gold
- 4 How to purchase Senco Gold Shares?
- 5 Senco Gold Share Price Target 2024 to 2030
- 6 Financial Condition of Senco Gold: Last 5 years
- 7 FAQs
- 7.1 What is the current market capitalization of Senco Gold?
- 7.2 What is the current share price of Senco Gold?
- 7.3 What is the stock’s Price-to-Earnings (P/E) ratio?
- 7.4 What are the 2025 share price targets for Senco Gold?
- 7.5 What is the share price targets for Senco Gold from 2026 to 2030?
- 7.6 Also Read:
- 8 Conclusion
