Arthneeti

Siyaram Silk Mills Q2 FY27 Share Price & Earnings Call Analysis

₹456.55+1.34% today
Market cap
₹2,072 Cr
P/E
8.74
ROE
14.89%
PEG
-1.41
Price to sales
0.79
Debt to equity
0.24
52W high / low
₹826 / ₹436
Sales growth (5Y)
18.75%
EBITDA margin
12.56%
Net profit margin
7.94%
Promoter holding
67.44%
Sales (last year)
₹2,629 Cr

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]

Guidance scorecard · Q2 FY27 call

What Siyaram Silk Mills Ltd's management guided
and where it ranks in Textiles & Apparels

#34of 42 in
Textiles & Apparels
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • The company expects approximately 12% revenue growth for FY27, including the retail business.
  • Retail business revenue is projected to increase significantly, from around INR 80 crores last year to about INR 160 crores in FY27, nearly doubling.
  • Volume growth is aligned with revenue growth guidance of around 12%.
  • Retail expansion is gradual, aiming for operational stability before rapid store additions; 25-30 stores currently operational with plans to mature approximately 100-125 stores for meaningful scale.
  • The company remains confident about achieving its full-year guidance despite seasonal variations and factors like Adhik Maas.

2 more points from Siyaram Silk Mills Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Siyaram Silk Mills Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The company has planned a capital expenditure of approximately INR100 crores for FY27.
  • Out of this, around INR40 to INR50 crores will be invested in the retail business expansion (ZECODE and DEVO).
  • The retail business capex is focused on building foundation blocks, operational efficiency, and increasing the store network.
  • The company is adopting a prudent capital allocation strategy, prioritizing stability and mature store performance before aggressive store expansion.
  • There is an expectation of positive free cash flow even after capex, dividends, and debt repayments.

2 more points from Siyaram Silk Mills Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Siyaram Silk Mills Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Siyaram Silk Mills Ltd said on the order book →

Full Q1 FY27 analysis
Full Textiles & Apparels ranking

Ranges 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 Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does Siyaram Silk Mills Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹560 Cr90.6
240%+Flat₹421 Cr27.7
3Sumeet Industrie20–40%Up 2%+₹751 Cr30.3
420–40%Up 2%+₹305 Cr20.4
520–40%Up 0–2%₹2,823 Cr17.5
620–40%Up 0–2%₹1,225 Cr69.7

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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels ranking

Financials of Siyaram Silk Mills Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Siyaram Silk Mills Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +67.45%67.45%67.45%67.45%67.45%67.45%67.45%67.45%67.44%67.45%67.45%67.44%
FIIs +1.75%1.56%1.53%1.48%1.93%2.63%2.54%2.61%2.70%2.25%1.96%1.82%
DIIs +3.44%2.93%2.54%2.52%2.52%2.52%2.54%2.51%2.46%2.46%2.51%2.59%
Public +27.37%28.07%28.47%28.56%28.11%27.40%27.47%27.44%27.40%27.84%28.09%28.14%
No. of Shareholders39,85539,72239,09140,14149,72950,46750,61450,82747,43747,66046,02945,262

Financials of Siyaram Silk Mills Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +586503648307608571736389706624853446814
Expenses +498435542297519504625369598556716428697
Operating Profit8869106108966111211076813718116
OPM %15%14%16%3.1%15%12%15%5%15%11%16%4.0%14%
Other Income +1211624211614123716182215
Interest565566869109712
Depreciation14141414141518202120181820
Profit before tax8160931591621006115551271499
Tax %24%26%26%25%25%26%28%28%25%23%23%24%25%
Net Profit +6144691268457258742981174
EPS in Rs13.089.7915.212.5315.0310.0015.881.0219.119.2121.552.4316.42

Financials of Siyaram Silk Mills Ltd

Profit & Loss

Annual income statement trend

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,6051,7331,8161,6991,0891,9052,2332,0922,2222,5722,737
Expenses +1,4151,4881,5771,5321,0351,5721,8641,8061,9462,2402,398
Operating Profit18924524016754333368286276333339
OPM %12%14%13%10%4.9%17%16%14%12%13%12%
Other Income +1520233441344036758370
Interest3134484330182020243438
Depreciation4361627361595855607976
Profit before tax130170152853291331247267303295
Tax %35%35%35%19%-3%26%24%25%26%24%
Net Profit +8511199694216251185197231225
EPS in Rs18.1023.6421.1414.770.7646.1453.5540.7243.4550.8949.61
Dividend Payout %12%18%21%58%602%20%21%27%28%31%

Financials of Siyaram Silk Mills Ltd

Balance Sheet

Capital structure and asset base

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital99999999999
Reserves4986697467537589251,1281,1281,2741,4511,175
Borrowings +408573444433139223163175262352719
Other Liabilities +280302303308304356337290343379463
Total Liabilities1,1961,5531,5021,5031,2101,5131,6371,6021,8882,1922,367
Fixed Assets +414443523552490501480477591593582
CWIP593843251931421
Investments6251717373812430207273299
Other Assets +7709939549316819721,0271,0771,0881,3111,463
Total Assets1,1961,5531,5021,5031,2101,5131,6371,6021,8882,1922,367

Financials of Siyaram Silk Mills Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +71-311922013304523512925593
Cash from Investing Activity +-101-154-13-28-22-53-11368-248-69
Cash from Financing Activity +30204-194-177-3078-123-194-10-23
Net Cash Flow119-15-41-0-03-32
Free Cash Flow5-175150158315-211927911934
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit38%-12%103%120%622%37%83%65%115%45%

Financials of Siyaram Silk Mills Ltd

Ratios

Working capital efficiency and return ratios

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days83897973877470828692
Inventory Days149203191191147165143172148161
Days Payable808679811028765606768
Cash Conversion Cycle152207191183133152148193166184
Working Capital Days4056818011893941159593
ROCE %17%11%3%29%28%21%20%19%

Guidance history

How Siyaram Silk Mills Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlannedPlanned—
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

7out of 100

Momentum score · price trend

7 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−39.6%12%
Last 6 months−19.8%18%
Last 3 months−24.2%9%

The price is 53.9% below its all-time high of ₹991.25 (17 Jan 2025). Stocks more than 20% below their peak have their score halved, so 14 became 7.

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 Siyaram Silk Mills Ltd: 0.4 × 12 + 0.4 × 18 + 0.2 × 9 = 14, halved to 7 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 29 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 Siyaram Silk Mills Ltd's management said in earlier quarters

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