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Swing Capital

Siyaram Silk Mills Ltd

NSE: SIYSIL BSE: 503811Textile

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]

₹604
52W: ₹433 — ₹850
PE 13.3 · Book ₹299 · +102% vs book
Market Cap₹2,738 Cr
Stock P/E13.3Price to Earnings
ROCE20.4%Return on Capital
ROE16.4%Return on Equity
Div. Yield1.96%Face Value ₹2

Strengths

  • +Company has been maintaining a healthy dividend payout of 25.0%

Weaknesses

  • −The company has delivered a poor sales growth of 5.51% over past five years.

Shareholding Pattern

Promoters67.45%
FIIs2.25%
DIIs2.46%
Public27.84%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters67.45%67.45%67.45%67.45%67.45%67.45%67.44%▼0.067.45%▲0.0
FIIs1.53%1.48%▼0.11.93%▲0.42.63%▲0.72.54%▼0.12.61%▲0.12.7%▲0.12.25%▼0.5
DIIs2.54%2.52%▼0.02.52%2.52%2.54%▲0.02.51%▼0.02.46%▼0.02.46%
Public28.47%28.56%▲0.128.11%▼0.427.4%▼0.727.47%▲0.127.44%▼0.027.4%▼0.027.84%▲0.4

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales585502646307608570736388706623
Expenses497433540296519504624368598555
Operating Profit88681061089671122110868
OPM %15%14%16%3%15%12%15%5%15%11%
Net Profit6144691268467258742
EPS ₹13.19.7615.212.6515.0810.1115.971.0119.179.24

AI Insights

Revenue Trend

TTM revenue at ₹2,453Cr, up 10.5% YoY. OPM at 13%.

Debt Position

Borrowings at ₹413Cr. Debt-to-equity ratio: 0.31x. Healthy balance sheet.

Capex Cycle

CWIP at ₹5Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 2.46% (-1.81pp change). FIIs: 2.25% (-0.14pp change). Promoters hold 67.45%.

Margin & Efficiency

ROCE declining from 21% (Mar 2014) to 20% (Mar 2025). Working capital days: 128.

Valuation

PE 13.3x with 20.4% ROCE. Price is 102% above book value of ₹299. Dividend yield: 1.96%.

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