Sai Silks (Kalamandir) Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹997 Cr
- P/E
- 7.30
- ROE
- 11.79%
- PEG
- 0.56
- Price to sales
- 0.61
- Debt to equity
- 0.29
- 52W high / low
- ₹182 / ₹65.0
- Sales growth (5Y)
- 19.55%
- EBITDA margin
- 15.48%
- Net profit margin
- 8.53%
- Promoter holding
- 60.97%
- Sales (last year)
- ₹1,650 Cr
Incorporated in 2005, Sai Silks (Kalamandir) Limited provides ethnic apparel and value-fashion products through its four store formats - ‘Kalamandir‘, ‘VaraMahalakshmi Silks‘, ‘Mandir‘ and ‘KLM Fashion Mall''.[1]
Guidance scorecard · Q1 FY27 call
What Sai Silks (Kalamandir) Ltd's management guided
and where it ranks in Retailing
RevenueQ4 FY26 call
10–20%- FY27 revenue growth expected to be better than FY26, with a target top-line growth of around 15% or more.
- Same-store sales growth (SSSG) expected to be similar or slightly better than the previous year’s 3%+ level.
- Net retail area (square feet) addition planned around 100,000 sq ft, about 20% higher than last year’s addition (~75,000-78,000 sq ft).
- Expansion focused primarily on Varamahalakshmi, Kalamandir, and Valli formats; no KLM store expansions planned currently.
- New state entry anticipated in FY27 (Mumbai/Maharashtra mentioned).
2 more points from Sai Silks (Kalamandir) Ltd's call on revenue
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MarginsQ4 FY26 call
Up 0–2%See what Sai Silks (Kalamandir) Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company plans aggressive store expansion in FY27 with a targeted net retail addition of around 100,000 square feet, which is about 20% more than last year's addition (~78,000 sq ft).
- Expansion focus is on Kalamandir format in Karnataka (particularly Bangalore) and Varamahalakshmi format primarily in Tamil Nadu, aiming for a 60-40 split between these formats.
- There is enough internal financial resource and no expected borrowings for next 2-3 years to fund store expansion.
- The company is prioritizing strategic, careful location selection and store handholding to maintain margin and profitability rather than rapid expansion.
2 more points from Sai Silks (Kalamandir) Ltd's call on capex
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FundraisingQ4 FY26 call
None plannedSee what Sai Silks (Kalamandir) Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Ask what Sai Silks (Kalamandir) Ltd said on the order book →
Full Q4 FY26 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | 20–40% | Up 0–2% | ₹790 Cr | 19.0 | |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Sai Silks (Kalamandir) Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sai Silks (Kalamandir) Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 324 | 305 | 327 | 382 | 360 | 267 | 347 | 449 | 399 | 379 | 444 | 411 | 419 |
| Expenses + | 273 | 260 | 272 | 324 | 305 | 248 | 292 | 370 | 340 | 322 | 372 | 341 | 358 |
| Operating Profit | 51 | 45 | 55 | 58 | 54 | 19 | 55 | 79 | 58 | 57 | 72 | 70 | 61 |
| OPM % | 16% | 15% | 17% | 15% | 15% | 7% | 16% | 18% | 15% | 15% | 16% | 17% | 15% |
| Other Income + | 3 | 3 | 2 | 10 | 8 | 7 | 6 | 6 | 5 | 6 | 5 | 4 | 5 |
| Interest | 13 | 14 | 14 | 14 | 11 | 10 | 10 | 10 | 10 | 8 | 7 | 7 | 8 |
| Depreciation | 11 | 11 | 12 | 12 | 12 | 13 | 13 | 13 | 14 | 14 | 15 | 16 | 14 |
| Profit before tax | 29 | 22 | 32 | 42 | 39 | 3 | 39 | 62 | 39 | 40 | 54 | 51 | 44 |
| Tax % | 31% | 25% | 26% | 24% | 26% | 26% | 39% | 25% | 66% | 25% | 26% | 25% | 25% |
| Net Profit + | 20 | 17 | 23 | 32 | 29 | 2 | 24 | 46 | 14 | 30 | 40 | 38 | 33 |
| EPS in Rs | 1.60 | 1.33 | 1.52 | 2.09 | 1.87 | 0.14 | 1.55 | 3.00 | 0.88 | 1.96 | 2.61 | 2.49 | 2.13 |
Financials of Sai Silks (Kalamandir) Ltd
Profit & Loss
Annual income statement trend
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 692 | 1,044 | 1,176 | 677 | 1,129 | 1,351 | 1,374 | 1,462 | 1,654 |
| Expenses + | 638 | 961 | 1,072 | 615 | 991 | 1,132 | 1,154 | 1,244 | 1,393 |
| Operating Profit | 53 | 83 | 104 | 62 | 138 | 219 | 219 | 218 | 261 |
| OPM % | 8% | 8% | 9% | 9% | 12% | 16% | 16% | 15% | 16% |
| Other Income + | 0 | 1 | 3 | 2 | 4 | 7 | 23 | 24 | 19 |
| Interest | 18 | 20 | 27 | 27 | 34 | 52 | 60 | 47 | 31 |
| Depreciation | 9 | 14 | 26 | 29 | 31 | 41 | 48 | 53 | 59 |
| Profit before tax | 27 | 49 | 53 | 7 | 77 | 134 | 135 | 143 | 190 |
| Tax % | 43% | 38% | 21% | 30% | 25% | 27% | 25% | 40% | 26% |
| Net Profit + | 15 | 30 | 42 | 5 | 58 | 98 | 101 | 85 | 141 |
| EPS in Rs | 6.54 | 12.93 | 17.95 | 2.13 | 23.97 | 7.72 | 6.58 | 5.57 | 9.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 17% | 0% |
Financials of Sai Silks (Kalamandir) Ltd
Balance Sheet
Capital structure and asset base
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 24 | 24 | 24 | 29 | 29 | 29 |
| Reserves | 135 | 166 | 208 | 219 | 277 | 373 | 1,033 | 1,102 | 1,231 |
| Borrowings + | 112 | 172 | 233 | 279 | 347 | 526 | 464 | 405 | 361 |
| Other Liabilities + | 121 | 205 | 229 | 143 | 195 | 297 | 114 | 104 | 227 |
| Total Liabilities | 392 | 566 | 693 | 665 | 842 | 1,220 | 1,642 | 1,641 | 1,849 |
| Fixed Assets + | 113 | 152 | 251 | 225 | 249 | 379 | 414 | 465 | 583 |
| CWIP | 0 | 0 | 0 | 2 | 0 | 0 | 2 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 279 | 414 | 442 | 438 | 593 | 841 | 1,225 | 1,175 | 1,265 |
| Total Assets | 392 | 566 | 693 | 665 | 842 | 1,220 | 1,642 | 1,641 | 1,849 |
Financials of Sai Silks (Kalamandir) Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 59 | 30 | 85 | -15 | 46 | 41 | -21 | 107 | 323 |
| Cash from Investing Activity + | -49 | -47 | -47 | -18 | -42 | -60 | -332 | 118 | -153 |
| Cash from Financing Activity + | -10 | 37 | -45 | 19 | 1 | 15 | 393 | -184 | -236 |
| Net Cash Flow | 0 | 19 | -7 | -14 | 4 | -4 | 40 | 41 | -66 |
| Free Cash Flow | 19 | -24 | 38 | -21 | 20 | -19 | -63 | 54 | 272 |
| CFO/OP | 123% | 45% | 105% | -16% | 34% | 40% | 12% | 67% | 151% |
Financials of Sai Silks (Kalamandir) Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 163 | 170 | 160 | 300 | 236 | 306 | 324 | 334 | 311 |
| Days Payable | 58 | 71 | 73 | 88 | 64 | 102 | 27 | 11 | 62 |
| Cash Conversion Cycle | 107 | 101 | 87 | 213 | 172 | 205 | 298 | 323 | 249 |
| Working Capital Days | 17 | 17 | 12 | 46 | 34 | 49 | 114 | 145 | 139 |
| ROCE % | 22% | 20% | 7% | 19% | 24% | 16% | 12% | 14% |
Guidance history
How Sai Silks (Kalamandir) Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | None planned | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
2 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −64.3% | 1% |
| Last 6 months | −35.9% | 5% |
| Last 3 months | −27.1% | 9% |
The price is 78.3% below its all-time high of ₹298.75 (24 Nov 2023). Stocks more than 20% below their peak have their score halved, so 4 became 2.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sai Silks (Kalamandir) Ltd: 0.4 × 1 + 0.4 × 5 + 0.2 × 9 = 4, halved to 2 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Sai Silks (Kalamandir) Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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