Siyaram Silk Mills Ltd
SIYSIL NSE
Siyaram Silk Mills Ltd
Consumer DiscretionaryNSE: SIYSIL BSE: 503811 Textiles & Apparels
Key Fundamentals
MicrocapTextile ProcessingTextilesMarket Cap
₹2,895 Cr
Volatility
Moderate
P/E Ratio
12.19
EBITDA
₹416 Cr
Return on Equity
15.81%
Debt to Equity
0.24
Book Value
₹321.82
EPS
₹41.05
52W High
₹848.8
52W Low
₹433.35
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Siyaram Silk Mills Ltd insights
52 extracted metrics + investor summaries across FY09–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 28.7%
Growth Rate
Revenue Growth
15.63% ↗
Net Income Growth
17.15% ↗
Cash Flow Change
-63.46% ↘
ROE
2.93% ↗
ROCE
3.58% ↗
EBITDA Margin (Avg.)
2.42% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 39d agoAI opinion · based on fundamentals
Risk medium
Siyaram Silk Mills is a mid-cap textile company with a market capitalization of approximately Rs 2,864 crore, trading at a PE of 12.5x. The company reported FY26 consolidated sales of Rs 2,572 crore (up 16% YoY) and net profit of Rs 231 crore (up 17% YoY), while its 3-year compounded profit growth remains negative at -2% reflecting an uneven earnings trajectory.
Bull Case 8
- Attractive valuation with PE of 12.5x, significantly below broader market averages for consumer discretionary companies
- Strong FY26 revenue growth of 16% YoY (Rs 2,572 crore vs Rs 2,222 crore in FY25), indicating demand recovery
- Net profit grew 17% YoY in FY26 to Rs 231 crore from Rs 197 crore in FY25
- Consistent ROE profile at 16-17% over 3-year and last-year periods, indicating efficient capital deployment
- Healthy dividend payout of 24.1% with dividend yield of 1.72%, providing income to shareholders
- Long-term stock CAGR of 12% over 10 years and 16% over 5 years demonstrates sustained wealth creation
- EPS improved to Rs 50.89 in FY26 from Rs 43.45 in FY25, a growth of 17%
- Dividend payout ratio increased to 31.4% in FY26 from 27.6% in FY25, signaling management confidence in cash flows
Bear Case 8
- 3-year compounded profit CAGR is negative at -2%, reflecting earnings volatility and inconsistent profitability
- Operating profit margin has declined from 17.17% in FY22 to 12.53% in FY26, a contraction of over 460 basis points
- Stock has delivered negative 1-year return of -10%, underperforming despite improving fundamentals
- 10-year compounded sales growth of only 5% suggests limited long-term topline expansion capability
- Interest costs rose 44% YoY from Rs 23.77 crore in FY25 to Rs 34.21 crore in FY26, indicating rising debt burden
- Price-to-book of 1.98x implies limited margin of safety if earnings disappoint
- Consumer discretionary sector faces demand sensitivity to economic slowdowns and rural/urban consumption trends
- FY24 saw a revenue decline to Rs 2,092 crore from Rs 2,233 crore in FY23, highlighting cyclicality in the textile business
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 39d ago Neutral 2
- Promoter shares fully unencumbered Jun 20
Promoters declared zero encumbrance on their entire 67.44% equity stake in FY26 under SEBI takeover regulations, signaling no pledging of shares.
- Analyst meet scheduled Jun 12 Jun 9
Siyaram Silk Mills scheduled one-on-one meetings with analysts and institutional investors on June 12, 2026, with discussions based on publicly available information.
TL;DR: Limited news flow for Siyaram Silk Mills in recent weeks, with only routine regulatory disclosures. The unencumbered promoter holding at 67.44% is a governance positive but not a new catalyst. No operational or financial updates to signal a change in trend. Investors should watch for any material disclosures from the June 12 analyst meeting.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 355 | 586 | 503 | 648 | 307 | 608 | 571 | 736 | 389 | 706 | 624 | 853 | 446 |
| Expenses | 332 | 498 | 435 | 542 | 297 | 519 | 504 | 625 | 369 | 598 | 556 | 716 | 428 |
| Operating Profit | 23 | 88 | 69 | 106 | 10 | 89 | 66 | 111 | 21 | 107 | 68 | 137 | 18 |
| OPM % | 6% | 15% | 14% | 16% | 3.1% | 15% | 12% | 15% | 5% | 15% | 11% | 16% | 4% |
| Other Income | 8 | 12 | 11 | 6 | 24 | 21 | 16 | 14 | 12 | 37 | 16 | 18 | 22 |
| Interest | 4 | 5 | 6 | 5 | 5 | 6 | 6 | 8 | 6 | 9 | 10 | 9 | 7 |
| Depreciation | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 18 | 20 | 21 | 20 | 18 | 18 |
| PBT | 13 | 81 | 60 | 93 | 15 | 91 | 62 | 100 | 6 | 115 | 55 | 127 | 14 |
| Tax % | 24% | 24% | 26% | 26% | 25% | 25% | 26% | 28% | 28% | 25% | 23% | 23% | 24% |
| Net Profit | 10 | 61 | 44 | 69 | 12 | 68 | 45 | 72 | 5 | 87 | 42 | 98 | 11 |
| EPS in Rs | 2.13 | 13.08 | 9.79 | 15.21 | 2.53 | 15.03 | 10 | 15.88 | 1.02 | 19.11 | 9.21 | 21.55 | 2.43 |
Profit & Loss
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,605 | 1,733 | 1,816 | 1,699 | 1,089 | 1,905 | 2,233 | 2,092 | 2,222 | 2,572 | 2,629 |
| Expenses | 1,415 | 1,488 | 1,577 | 1,532 | 1,035 | 1,572 | 1,864 | 1,806 | 1,946 | 2,240 | 2,299 |
| Operating Profit | 189 | 245 | 240 | 167 | 54 | 333 | 368 | 286 | 276 | 333 | 330 |
| OPM % | 12% | 14% | 13% | 10% | 4.9% | 17% | 16% | 14% | 12% | 13% | 13% |
| Other Income | 15 | 20 | 23 | 34 | 41 | 34 | 40 | 36 | 75 | 83 | 93 |
| Interest | 31 | 34 | 48 | 43 | 30 | 18 | 20 | 20 | 24 | 34 | 35 |
| Depreciation | 43 | 61 | 62 | 73 | 61 | 59 | 58 | 55 | 60 | 79 | 77 |
| PBT | 130 | 170 | 152 | 85 | 3 | 291 | 331 | 247 | 267 | 303 | 311 |
| Tax % | 35% | 35% | 35% | 19% | -3% | 26% | 24% | 25% | 26% | 24% | — |
| Net Profit | 85 | 111 | 99 | 69 | 4 | 216 | 251 | 185 | 197 | 231 | 237 |
| EPS in Rs | 18.1 | 23.64 | 21.14 | 14.77 | 0.76 | 46.14 | 53.55 | 40.72 | 43.45 | 50.89 | 52.3 |
| Div. Payout % | 12% | 18% | 21% | 58% | 602% | 20% | 21% | 27% | 28% | 31% | — |
Balance Sheet
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 498 | 669 | 746 | 753 | 758 | 925 | 1,128 | 1,128 | 1,274 | 1,451 |
| Borrowings | 408 | 573 | 444 | 433 | 139 | 223 | 163 | 175 | 262 | 352 |
| Other Liabilities | 280 | 302 | 303 | 308 | 304 | 356 | 337 | 290 | 343 | 379 |
| Total Liabilities | 1,196 | 1,553 | 1,502 | 1,503 | 1,210 | 1,513 | 1,637 | 1,602 | 1,888 | 2,192 |
| Fixed Assets | 414 | 443 | 523 | 552 | 490 | 501 | 480 | 477 | 591 | 593 |
| CWIP | 5 | 93 | 8 | 4 | 3 | 2 | 5 | 19 | 3 | 14 |
| Investments | 6 | 25 | 17 | 17 | 37 | 38 | 124 | 30 | 207 | 273 |
| Other Assets | 770 | 993 | 954 | 931 | 681 | 972 | 1,027 | 1,077 | 1,088 | 1,311 |
| Total Assets | 1,196 | 1,553 | 1,502 | 1,503 | 1,210 | 1,513 | 1,637 | 1,602 | 1,888 | 2,192 |
Cash Flow
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 71 | -31 | 192 | 201 | 330 | 45 | 235 | 129 | 255 | 93 |
| Investing | -101 | -154 | -13 | -28 | -22 | -53 | -113 | 68 | -248 | -69 |
| Financing | 30 | 204 | -194 | -177 | -307 | 8 | -123 | -194 | -10 | -23 |
| Net Cash Flow | 1 | 19 | -15 | -4 | 1 | 0 | 0 | 3 | -3 | 2 |
| Free Cash Flow | 5 | -175 | 150 | 158 | 315 | -21 | 192 | 79 | 119 | 34 |
| CFO/OP | 38 | -12 | 103 | 120 | 622 | 37 | 83 | 65 | 115 | 45 |
Ratios
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83 | 89 | 79 | 73 | 87 | 74 | 70 | 82 | 86 | 92 |
| Inventory Days | 149 | 203 | 191 | 191 | 147 | 165 | 143 | 172 | 148 | 161 |
| Days Payable | 80 | 86 | 79 | 81 | 102 | 87 | 65 | 60 | 67 | 68 |
| Cash Conversion Cycle | 152 | 207 | 191 | 183 | 133 | 152 | 148 | 193 | 166 | 184 |
| Working Capital Days | 40 | 56 | 81 | 80 | 118 | 93 | 94 | 115 | 95 | 93 |
| ROCE % | — | — | 17% | 11% | 3% | 29% | 28% | 21% | 20% | 19% |
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
27 Apr - Siyaram Silk Mills says it is not a Large Corporate; borrowings were Rs.298.32 crore as of 31 March 2026. 27 Apr - Siyaram Silk Mills says it is not a Large Corporate; borrowings were Rs.298.32 crore as of 31 March 2026.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
10h - Siyaram Silk Mills says it is not a Large Corporate; borrowings were Rs.298.32 crore as of 31 March 2026. 10h - Siyaram Silk Mills says it is not a Large Corporate; borrowings were Rs.298.32 crore as of 31 March 2026.
1
Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011 10 Aug 2026
General
2
Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011 10 Aug 2026
General
Frequently Asked Questions about Siyaram Silk Mills Ltd
What does Siyaram Silk Mills Ltd do?
Siyaram Silk Mills Ltd is a Textile manufacturing company. It is engaged in manufacturing fabrics and readymade garments, especially in the men’s wear section. [1][2]
The Company exports to countries like UAE, Australia, Bahrain, Bangladesh, Cambodia, Canada, etc. [3]
Where is Siyaram Silk Mills Ltd (SIYSIL) listed?
Siyaram Silk Mills Ltd is listed on the Indian stock exchanges. It is listed on NSE: SIYSIL and BSE: 503811. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Siyaram Silk Mills Ltd belong to?
Siyaram Silk Mills Ltd operates in the Consumer Discretionary sector within the Textiles & Apparels industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Siyaram Silk Mills Ltd?
Siyaram Silk Mills Ltd has a market capitalisation of approximately ₹2895.29 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Siyaram Silk Mills Ltd?
The Price-to-Earnings (PE) ratio of Siyaram Silk Mills Ltd is 12.19. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Siyaram Silk Mills Ltd?
Over the past 52 weeks, Siyaram Silk Mills Ltd has traded between a low of ₹433.35 and a high of ₹848.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does Siyaram Silk Mills Ltd pay dividends?
Yes, Siyaram Silk Mills Ltd has a dividend yield of 2.49%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Siyaram Silk Mills Ltd?
Siyaram Silk Mills Ltd has a Return on Equity (ROE) of 15.81%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Siyaram Silk Mills Ltd on Tapetide?
On Tapetide, you can view Siyaram Silk Mills Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Siyaram Silk Mills Ltd is a Textile manufacturing company. It is engaged in manufacturing fabrics and readymade garments, especially in the men’s wear section. [1][2] The Company exports to countries like UAE, Australia, Bahrain, Bangladesh, Cambodia, Canada, etc. [3]
Website siyaram.com
CEO Mr. Rameshkumar Dharaprasad Poddar
Employees 2,152
Listed 2007-01-29
Face Value ₹ 2
Issued Size 4,53,70,088