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Consolidated Standalone

Siyaram Silk Mills

₹460.6 -1 | 0.2%

Market Cap ₹2090 Cr.

Stock P/E 11.4

P/B 1.9

Current Price ₹460.6

Book Value ₹ 248.1

Face Value 2

52W High ₹633.8

Dividend Yield 2.39%

52W Low ₹ 432

Edit Ratio

Siyaram Silk Mills Research see more...

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Siyaram Silk Mills Limited: Favourable industry dynamics and strong brand recall should support next leg of growth

Overview Inc. Year: 1978Industry: Textile - Weaving

Siyaram Silk Mills Ltd is a holding organisation. The Company is engaged in fabric and readymade clothes manufacturing. The Company is engaged in the fabric enterprise. The Company's portfolio consists of Yarns, Home Furnishing, Retail, Ready to Wear and fabric. The Company's fabric consist of polyester viscose material, polyester viscose linen fabric, polyester cotton material, polyester wool cloth, polyester wool lycra material, wool lycra material, 100% cotton cloth, cotton linen cloth and 100% linen cloth. Its yarns consist of Twist Less Bright Polyester Dyed Yarn, Micro-filaments Dyed yarns and Cotton Dyed Yarns. The Company's products are to be had at over 1,000 retail and multi brand shops across India. The Company's weaving facilities are located in Tarapur and Silvassa. The Company manufactures over 60 million meters of fabric yearly. The Company's manufacturers comprises Siyaram's Shirtings, Miniature, Casa Moda, MSD, Oxemberg, Little Champ, Royale Linen, Unicode, Mistair and Moretti.

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Siyaram Silk Mills Share Price

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Peer Comparison

Siyaram Silk Mills Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 563 628 399 636 502 695 355 586 503 648
Other Income 9 12 7 9 13 10 8 12 11 6
Total Income 572 640 407 645 515 706 363 598 514 654
Total Expenditure 461 511 347 516 426 574 332 498 435 542
Operating Profit 110 129 59 129 89 132 31 100 80 112
Interest 5 4 4 6 6 5 4 5 6 5
Depreciation 14 14 15 15 15 14 14 14 14 14
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 92 111 41 108 68 113 13 81 60 93
Provision for Tax 23 29 10 28 16 25 3 19 16 24
Profit After Tax 69 82 31 80 52 88 10 61 44 69
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 69 82 31 80 52 88 10 61 44 69
Adjusted Earnings Per Share 14.7 17.5 6.6 17.1 11.1 18.8 2.1 13.1 9.8 15.2

Siyaram Silk Mills Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1622 1732 1816 1699 1089 1905 2233 2092
Other Income 17 26 28 34 41 34 40 37
Total Income 1639 1758 1844 1733 1130 1939 2273 2129
Total Expenditure 1435 1487 1577 1532 1035 1572 1864 1807
Operating Profit 204 271 268 201 95 368 409 323
Interest 31 34 48 43 30 18 20 20
Depreciation 43 61 62 73 61 59 58 56
Exceptional Income / Expenses 0 -6 -5 0 0 0 0 0
Profit Before Tax 130 170 152 85 3 291 331 247
Provision for Tax 45 60 53 16 -0 74 80 62
Profit After Tax 85 111 99 69 4 216 251 184
Adjustments 0 1 1 -1 2 0 0 0
Profit After Adjustments 85 111 100 68 5 216 251 184
Adjusted Earnings Per Share 18.1 23.6 21.1 14.8 1.1 46.1 53.5 40.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 10% 5% 0%
Operating Profit CAGR 11% 27% 9% 0%
PAT CAGR 16% 54% 18% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% 30% 7% 22%
ROE Average 24% 17% 15% 16%
ROCE Average 29% 21% 18% 18%

Siyaram Silk Mills Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 508 678 755 762 767 934 1137
Minority's Interest 0 0 0 0 0 0 0
Borrowings 57 134 137 101 59 37 9
Other Non-Current Liabilities 68 72 90 119 91 78 77
Total Current Liabilities 563 669 520 522 319 544 498
Total Liabilities 1196 1553 1502 1503 1236 1593 1721
Fixed Assets 414 430 510 535 473 486 466
Other Non-Current Assets 38 164 62 68 68 52 68
Total Current Assets 743 959 930 900 695 1055 1187
Total Assets 1196 1553 1502 1503 1236 1593 1721

Siyaram Silk Mills Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 4 23 8 4 5 5
Cash Flow from Operating Activities 71 -31 192 201 330 45 235
Cash Flow from Investing Activities -101 -154 -13 -28 -22 -53 -113
Cash Flow from Financing Activities 30 204 -194 -177 -307 8 -123
Net Cash Inflow / Outflow 1 19 -15 -4 1 -0 -0
Closing Cash & Cash Equivalent 5 23 8 4 5 5 5

Siyaram Silk Mills Ratios

# Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 18.11 23.64 21.14 14.77 1.11 46.14 53.55
CEPS(Rs) 27.28 36.58 34.43 30.36 13.81 58.71 65.97
DPS(Rs) 2.2 4.2 4.4 8.6 4.6 9.2 11
Book NAV/Share(Rs) 108.32 144.7 161.06 162.59 163.64 199.27 242.56
Core EBITDA Margin(%) 8.99 10.11 9.81 7.08 3.3 13.38 13.38
EBIT Margin(%) 7.74 8.45 8.22 5.42 2.05 12.4 12.73
Pre Tax Margin(%) 6.26 7.03 6.24 3.6 0.21 11.67 12.01
PAT Margin (%) 4.08 4.57 4.06 2.93 0.22 8.69 9.11
Cash Profit Margin (%) 6.15 7.08 6.61 6.02 3.98 11.06 11.23
ROA(%) 7.1 8.06 6.49 4.61 0.26 15.29 15.15
ROE(%) 16.72 18.69 13.83 9.13 0.47 25.43 24.24
ROCE(%) 17.59 18.88 16.38 10.93 3.3 30.45 28.82
Receivable days 63.79 59.15 60.86 56.6 67.29 47.42 53.91
Inventory Days 58.03 57.38 63.76 65.79 76.72 48.39 54.95
Payable days 79.57 84.62 80.77 79.25 103.34 79.37 68.48
PER(x) 10.87 25.73 21.07 9.48 168.35 9.1 7.79
Price/Book(x) 1.82 4.2 2.77 0.86 1.14 2.11 1.72
Dividend Yield(%) 1.12 0.69 0.99 6.14 2.47 2.19 2.64
EV/Net Sales(x) 0.82 1.96 1.39 0.61 0.9 1.14 0.94
EV/Core EBITDA(x) 6.49 12.54 9.42 5.14 10.37 5.91 5.14
Net Sales Growth(%) 0 6.8 4.86 -6.43 -35.9 74.89 17.19
EBIT Growth(%) 0 27.05 -1.88 -36.16 -73.92 823.2 13.57
PAT Growth(%) 0 30.54 -10.58 -30.11 -94.83 5940.16 16.07
EPS Growth(%) 0 30.54 -10.58 -30.11 -92.51 4071.4 16.07
Debt/Equity(x) 0.8 0.85 0.59 0.5 0.15 0.23 0.13
Current Ratio(x) 1.32 1.43 1.79 1.73 2.18 1.94 2.38
Quick Ratio(x) 0.73 0.79 0.98 0.9 1.38 1.19 1.53
Interest Cover(x) 5.23 5.98 4.15 2.98 1.12 17.08 17.76
Total Debt/Mcap(x) 0.44 0.2 0.21 0.59 0.13 0.11 0.08

Siyaram Silk Mills Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 67.19 67.18 67.18 67.18 67.18 67.18 67.18 67.18 67.44 67.44
FII 2.83 3.65 3.28 2.66 2.61 2.04 2.4 1.91 1.75 1.56
DII 7.75 6.19 6.24 6.11 4.45 4.85 4.27 4.42 3.44 2.93
Public 22.23 22.98 23.29 24.04 25.75 25.93 26.15 26.48 27.37 28.07
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 79.37 to 68.48days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Siyaram Silk Mills News

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