Is Sai Silks (Kalamandir) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sai Silks (Kalamandir) Ltd is a average quality company .

Is Sai Silks (Kalamandir) undervalued or overvalued?

The key valuation ratios of Sai Silks (Kalamandir) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Sai Silks (Kalamandir) share price return in the past 10 years?

Data is not available for this company

Is Sai Silks (Kalamandir) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sai Silks (Kalamandir) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Sai Silks (Kalamandir)?

The latest standalone P/E ratio of Sai Silks (Kalamandir) as of 29-Apr-2024 is 31.77.

What is the P/B ratio of Sai Silks (Kalamandir)?

The latest standalone P/B ratio of Sai Silks (Kalamandir) as of 29-Apr-2024 is 3.01.

Sai Silks (Kalamandir) Ltd - Stock Valuation and Financial Performance

Name: Sai Silks (Kalamandir)
Brand: Sai Silks (Kalamandir)

BSE: 543989 | NSE: KALAMANDIR | Retailing | Small Cap

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Sai Silks (Kalaman) Share Price

₹199.95 -2.20 -1.09%
as on 29-Apr'24 12:33

10 Year X-Ray of Sai Silks (Kalaman):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	15.2%	13.3%	11.8%	10.9%	10.8%	14.1%	16.2%	5.7%	15.9%	20.6%	-
Value Creation Index ⓘ	0.1	-0.1	-0.2	-0.2	-0.2	0.0	0.2	-0.6	0.1	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	385	412	457	540	692	1,044	1,176	677	1,129	1,351	1,351
Sales YoY Gr.	-	7.2%	10.8%	18.2%	28%	50.9%	12.6%	-42.4%	66.8%	19.7%	-
Adj EPS ⓘ	1.6	1.4	1.1	1.2	1.3	2.6	3.6	0.4	4.8	8.1	6.4
YoY Gr.	-	-10.3%	-20.7%	10.8%	6.5%	97%	38.8%	-88%	1014%	69.1%	-
BVPS (₹) ⓘ	7.9	8.7	10.9	12.1	13.6	16.2	19.7	20.2	25	33	67.2
Adj Net Profit ⓘ	16.3	14.6	12.8	14.1	15.3	30.2	42	5.1	57.7	97.5	98
Cash Flow from Ops. ⓘ	24.7	7.4	35.3	44.8	59.1	29.8	85.3	-15.2	45.6	41.2	-
Debt/CF from Ops. ⓘ	4.1	15.1	3.1	2.4	1.9	5.8	1.9	-14.3	5.7	8.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15%	14.3%	4.8%	19.7%
Adj EPS ⓘ	20.1%	44%	31.3%	69.1%
BVPSⓘ	17.2%	19.5%	18.7%	32.1%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	22.7	16.8	11.8	10.7	10.3	17.4	20	2.2	21.2	27.9	12.7
Op. Profit Mgn % ⓘ	9.8	9.9	9.6	8.8	7.7	7.9	8.8	9.2	12.2	16.2	16
Net Profit Mgn % ⓘ	4.2	3.5	2.8	2.6	2.2	2.9	3.6	0.8	5.1	7.2	7.2
Debt to Equity ⓘ	1.2	1.2	0.9	0.8	0.7	0.9	0.7	0.9	0.9	0.9	-
Working Cap Days ⓘ	151	160	164	145	130	117	126	225	155	181	101
Cash Conv. Cycle ⓘ	112	124	121	102	78	62	57	113	96	109	56

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 31.28%

Debt to equity has declined versus last 3 years average to 0.87

Return on Equity has declined versus last 3 years average to 12.70%

Sales growth has been subdued in last 3 years 4.76%

Sales growth is not so good in last 4 quarters at -0.90%

Latest Financials - Sai Silks (Kalamandir) Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.4	3.6
TTM Sales (₹ Cr.)	1,351	1,136
BVPS (₹.) ⓘ	67.2	0
Reserves (₹ Cr.) ⓘ	1,000	273
P/BV ⓘ	3.01	0.00
PE ⓘ	31.77	56.98

From the Market
52 Week Low / High (₹)	168.40 / 311.40
All Time Low / High (₹)	168.40 / 311.40
Market Cap (₹ Cr.)	3,100
Equity (₹ Cr.)	30.7
Face Value (₹)	2
Industry PE ⓘ	113.2

Management X-Ray of Sai Silks (Kalaman):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Sai Silks (Kalaman)

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Sai Silks (Kalaman)

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	385	412	457	540	692	1,044	1,176	677	1,129	1,351
Operating Expenses ⓘ	347	372	414	493	638	961	1,072	615	991	1,132
Manufacturing Costs	5	7	10	14	16	27	0	0	31	44
Material Costs	284	301	333	393	507	734	846	447	738	818
Employee Cost	15	18	18	24	31	45	105	85	99	133
Other Costs ⓘ	43	45	52	62	86	155	121	83	124	136
Operating Profit ⓘ	38	41	44	47	53	83	104	62	138	219
Operating Profit Margin (%)	9.8%	9.9%	9.5%	8.8%	7.7%	7.9%	8.8%	9.2%	12.2%	16.2%
Other Income ⓘ	1	0	0	0	0	1	3	2	4	8
Interest ⓘ	15	16	19	17	18	20	28	27	34	52
Depreciation ⓘ	3	4	6	8	9	14	26	29	31	41
Exceptional Items ⓘ	0	-7	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	20	15	19	23	27	49	53	7	77	134
Tax ⓘ	4	5	6	9	11	19	11	2	20	36
Profit After Tax	16	10	13	14	15	30	42	5	58	98
PAT Margin (%)	4.2%	2.4%	2.8%	2.6%	2.2%	2.9%	3.6%	0.8%	5.1%	7.2%
Adjusted EPS (₹)	1.6	1.0	1.1	1.2	1.3	2.6	3.6	0.4	4.8	8.1
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	82	91	125	139	159	189	232	243	301	397
Share Capital ⓘ	21	21	23	23	23	23	23	24	24	24
Reserves ⓘ	62	70	102	116	135	166	208	219	277	373
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	98	105	98	98	102	158	153	197	239	312
Long Term Debt	13	18	23	15	4	40	35	57	49	65
Short Term Debt	84	87	75	83	98	118	118	140	191	247
Trade Payables	14	19	19	26	80	142	170	108	129	230
Others Liabilities ⓘ	30	39	50	36	52	77	139	118	173	281
Total Liabilities ⓘ	224	254	290	298	392	566	693	665	842	1,220
Fixed Assets
Gross Block	65	70	97	113	153	207	291	294	347	517
Accumulated Depreciation	13	18	24	31	40	54	40	69	97	138
Net Fixed Assetsⓘ	52	52	73	82	113	152	251	225	249	379
CWIP ⓘ	0	0	1	0	0	0	0	2	0	0
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	146	168	175	175	226	341	372	367	476	690
Trade Receivables	2	1	1	2	4	6	2	2	2	3
Cash Equivalents	7	4	3	2	2	21	23	23	47	50
Others Assetsⓘ	17	29	37	38	47	46	46	46	68	99
Total Assets ⓘ	224	254	290	298	392	566	693	665	842	1,220

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	25	7	35	45	59	30	85	-15	46	41
PBT ⓘ	20	15	19	23	27	49	53	7	77	134
Adjustment ⓘ	18	20	25	25	27	34	57	61	68	90
Changes in Working Capital ⓘ	-17	-23	-3	2	12	-45	-1	-79	-98	-137
Tax Paid ⓘ	3	-5	-6	-5	-6	-8	-23	-5	-2	-46
Cash Flow From Investing Activity ⓘ	-13	-1	-31	-27	-49	-47	-47	-18	-42	-60
Capex	-15	-5	-27	-16	-40	-53	-47	-6	-25	-60
Net Investments	0	0	0	0	0	0	-3	-14	-20	-7
Others ⓘ	2	4	-4	-10	-9	6	3	1	3	7
Cash Flow From Financing Activityⓘ	-11	-8	-6	-17	-10	37	-45	19	1	15
Net Proceeds from Shares ⓘ	5	0	21	0	5	1	0	6	0	0
Net Proceeds from Borrowing ⓘ	1	8	5	-9	-11	36	-6	23	-9	17
Interest Paid ⓘ	0	-13	-16	-17	-18	-20	-26	-27	-27	-43
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-17	-3	-16	9	15	20	-13	17	37	42
Net Cash Flow ⓘ	0	-2	-1	1	0	19	-7	-14	4	-4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	22.74	11.55	11.83	10.7	10.3	17.43	20	2.16	21.22	27.96
ROCE (%)	19.96	15.77	17.35	16.64	17.33	21.96	21.37	8.12	21.76	28.52
Asset Turnover Ratio	1.81	1.72	1.68	1.84	2	2.18	1.87	1	1.5	1.31
PAT to CFO Conversion(x)	1.56	0.7	2.69	3.21	3.93	1	2.02	-3	0.79	0.42
Working Capital Days
Receivable Days	1	1	1	1	2	2	1	1	1	1
Inventory Days	124	139	137	118	106	99	111	199	136	157
Payable Days	17	20	20	21	38	55	67	113	59	80

Sai Silks (Kalamandir) Ltd Stock News

Sai Silks (Kalamandir) Ltd FAQs

What is the share price of Sai Silks (Kalaman)?

Company share prices are keep on changing according to the market conditions. The closing price of Sai Silks (Kalaman) on 29-Apr-2024 12:33 is ₹199.9.

What is the market cap of Sai Silks (Kalaman)?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2024 12:33 the market cap of Sai Silks (Kalaman) stood at ₹3,100.3.

What is the P/E ratio of Sai Silks (Kalaman)?

The latest P/E ratio of Sai Silks (Kalaman) as of 29-Apr-2024 12:33 is 31.77.

What is the P/B ratio of Sai Silks (Kalaman)?

The latest P/B ratio of Sai Silks (Kalaman) as of 29-Apr-2024 12:33 is 3.01.

What is the 52-week high and low of Sai Silks (Kalaman)?

The 52-week high of Sai Silks (Kalaman) is ₹311.4 and the 52-week low is ₹168.4.

What is the TTM revenue of Sai Silks (Kalaman)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sai Silks (Kalaman) is ₹1,351 ( Cr.) .

About Sai Silks (Kalamandir) Ltd

The company’s business was started as a partnership firm under the name and style of “Sai Silks” on August 10, 2005 with Nagakanaka Durga Prasad Chalavadi and Jhansi Rani Chalavadi as its partners. Subsequently, Kalyan Srinivas Annam and Subash Chandra Mohan Annam joined the partnership firm on April 1, 2006 and Suchitra Annam, Sowjanya Annam and Venkata Rajesh Annam joined on March 4, 2008. Further, the name of the partnership firm was also changed to “Sai Silks (Kalamandir)” on March 4, 2008 to incorporate the brand in its name. The partnership firm was subsequently converted into a private limited company and a certificate of incorporation was obtained dated July 3, 2008 under the name and style of ‘Sai Silks (Kalamandir) Private Limited’ from the Registrar of Companies, Andhra Pradesh at Hyderabad. The company was further converted into a public limited company pursuant to a special resolution passed by its Shareholders on May 14, 2009 and a fresh certificate of incorporation consequent upon conversion to public limited company was obtained on May 21, 2009 from the Registrar of Companies, Andhra Pradesh. The name of the company was changed to its present name, ‘Sai Silks (Kalamandir) Limited.

The company is amongst the top 10 retailers of ethnic apparel, particularly sarees, in south India in terms of revenues and profit after tax in Fiscal 2020, 2021 and 2022. Through its four store formats, i.e., Kalamandir, VaraMahalakshmi Silks, Mandir and KLM Fashion Mall, it offers its products to various segments of the market that include premium ethnic fashion, ethnic fashion for middle income and value-fashion, with a variety of products across different price points, thereby catering to customers across all market segments. It leverages its store network of 54 stores as of July 31, 2023, to focus on spreading India’s vibrant culture, traditions and heritage by offering a diverse range of products which includes various types of ultra-premium and premium sarees suitable for weddings, party wear, as well as occasional and daily wear; lehengas, men’s ethnic wear, children’s ethnic wear and value fashion products comprising fusion wear and western wear for women, men and children. Today, it offers one of the widest portfolios of saree SKUs among women’s apparel brands in India. With large retail outlets that provide customers a wide variety of options in ethnic wear across various price points.

Business area of the company

The company provides ethnic apparel and value-fashion products. Inspired by India's vibrant culture, traditions, and heritage, the company offers a diverse range of products which includes various types of ultra-premium and premium sarees suitable for weddings, party wear, occasional and daily wear, lehengas, men's ethnic wear, children's ethnic wear and value fashion products comprising fusion wear and western wear for women, men and children.

Key Awards, Accreditations and Recognition

2012: Awarded as Master Brand by CMO Council & CMO Asia.
2012: Awarded as Best CSR Practice to Kalamandir Foundation by Responsible Business Award & World CSR Day.
2012: Recognized as Retailer of the Year in Traditional Fashion & Lifestyle Retailing by Asia Retail Congress
2013: Recognized as Indian Power Brands by Planman at the Power Brands Glam by IIPM Think Tank.
2013: Awarded as the Most Admired Regional Fashion Retailer of the Year – South India at the IMAGES Fashion Awards.
2013: Awarded as Arch of Excellence by All India Achievers Conference.
2015: TV5 Business Leaders Award – Retailer of the Year (Retailing Apparels) by TV5 News
2015: Awarded as Retail Designer of the Year by Franchise India
2015: Awarded as Most Admired Regional Fashion Retailer of the Year – South by Indian Fashion Forum at the IMAGES Fashion Awards
2015: Recognized as Pioneer in Ethnic Retail Business by Asia Retail Congress.
2015: Indian Fashion Apparel Speciality Store Award by VM & RD Retails Awards 2015.
2015: Award for Retail Icon Award for Best Silk Showroom by Times of India at the Times Business Awards.
2016: Fast 50 India’s Fastest Growing Brand Award for Brand Kalamandir by World Consulting & Research Corporation, Asia.
2016: Times Retail Icon Award for Best Silk Showroom & Best Family Store by Times of India at the Times Business Awards.
2017: Award for Best Silk Showroom & Best Family Store by Times of India at the Times Business Awards
2017: Fast 50 India’s Most Promising Brand Award in Retail category by World Consulting & Research Corporation, Asia.
2018: Award for Most Admired Retailer of the Year Store Design and VM by Indian Fashion Forum at the IMAGES Fashion Awards.
2019: Award for the Most Admired Affordable Fashion Retailer of the Year – Regional by Indian Fashion Forum at the IMAGES Fashion Awards.
2019: Award for Best Silk Showroom & Best Affordable Fashion Brand by Times of India at the Times Business Awards.
2020: Award for the Best Silk Showroom, the Best Affordable Fashion Brand and the Best Designer Saree Showroom in the Retail category by Times of India at the Times Business Awards.
2021: Fit and Fab Award by Global Spa.
2021: Times Retail Icon Award for Best Silk Showroom, Best Affordable Fashion Brand and Best Designer Saree Showroom by Times of India.
2022: Most Admired Company of the Year (Apparel) by CMO Global.
2022: Best Ethnic Fashion Retail Group by Times Business Awards Hyderabad – 2022.
2022: Awarded as The Best of South Awards 2022 by e4m Pride of India Brand.

Major events and milestones

2005: Started the business as a partnership firm on August 10, 2005 under the name and style of “Sai Silks”.
2005: Launched the first retail outlet in Ameerpet, Hyderabad.
2008: Converted the partnership firm into a private limited company on July 3, 2008 under the name and style of ‘Sai Silks (Kalamandir) Private Limited’.
2009: The company’s private limited company was converted into a public limited company and received fresh Certificate of Incorporation on May 21, 2009.
2011: Launched ‘Varamahalakshmi’ through the first store in July 31, 2011.
2011: Launched the brand ‘Mandir’ through the first store launched in February 13, 2011.
2011: Entered into registered user license agreement for the brand name “Kalamandir” with Jhansi Rani Chalavadi which was subsequently assigned to I-ONE Investment Private Limited at a consideration of Rs 25.33 million.
2016: SSKL Scheme was approved pursuant to which I-ONE Investments Private Limited was amalgamated into the Company in order to acquire the brand “Kalamandir”, amongst other things.
2017: Expansion of brand KLM Fashion Mall to 19 stores with the first store launched in 2017.
2020: Launching of e-commerce platform.
2022: The company entered into a business assets transfer agreement dated April 1, 2022 with Sai Retail India Limited in order to acquire the business assets related to its apparel business.
2022: Launched ‘Kalamandir Royale’, an extension of our Kalamandir format in which it offers products with higher price points and more exclusive collections.
2022: Launched ‘Valli Silks’, a combination of KLM Fashion Mall and VaraMahalakshmi Silks store formats.