Siyaram Silk Mills Ltd - Stock Valuation and Financial Performance

BSE: 503811 | NSE: SIYSIL | Textile - Weaving | Small Cap

Siyaram Silk Mills Share Price

435.50 -2.65 -0.60%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Siyaram Silk Mills

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Siyaram Silk Mills stock performance -

mw4me loader
P/E Ratio (SA):
9.69
Market Cap:
1,976.8 Cr.
52-wk low:
400
52-wk high:
633.8

Is Siyaram Silk Mills Ltd an attractive stock to invest in?

1. Is Siyaram Silk Mills Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Siyaram Silk Mills Ltd is a average quality company.

2. Is Siyaram Silk Mills Ltd undervalued or overvalued?

The key valuation ratios of Siyaram Silk Mills Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Siyaram Silk Mills Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Siyaram Silk Mills Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Siyaram Silk Mills:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Siyaram Silk Mills Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.8%13.9%13%12.3%12.8%11.3%8.8%2.3%21.8%21.1%-
Value Creation
Index
0.00.0-0.1-0.1-0.1-0.2-0.4-0.80.60.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3031,5101,6091,5681,7331,8151,6981,0881,9032,2292,136
Sales YoY Gr.-15.9%6.5%-2.5%10.5%4.7%-6.4%-36%75%17.1%-
Adj EPS 14.416.618.31924.222.215.50.544.75245
YoY Gr.-15.2%10%4%27.4%-8.2%-30.3%-97%9419.2%16.1%-
BVPS (₹) 78.992.8108127.3144.8161.6163.6165.1200243.4249
Adj Net
Profit
67.677.985.68911310472.62.2210244204
Cash Flow from Ops. 65.659.680.8203-2819220533235.6235-
Debt/CF from Ops. 4.85.25.11.5-20.52.31.90.460.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%5.2%9.5%17.1%
Adj EPS 15.3%16.5%49.7%16.1%
BVPS13.3%11%14.2%21.7%
Share Price 22.6% -0.5% 32.9% 5.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.819.418.216.217.814.59.50.324.523.418.3
Op. Profit
Mgn %
11.111.512.112.614.213.310.15.117.616.614.1
Net Profit
Mgn %
5.25.25.35.76.65.74.30.21110.99.6
Debt to
Equity
0.90.70.80.50.80.60.50.20.20.1-
Working Cap
Days
11311313114913614314418212814281
Cash Conv.
Cycle
6566727373838070537050

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.30%

Net Profit is growing at healthy rate in last 3 years 49.69%

Sales growth has been subdued in last 3 years 9.50%

Sales growth is not so good in last 4 quarters at -2.06%

Latest Financials - Siyaram Silk Mills Ltd.

Standalone Consolidated
TTM EPS (₹) 45 44.9
TTM Sales (₹ Cr.) 2,136 2,140
BVPS (₹.) 249 248.1
Reserves (₹ Cr.) 1,121 1,117
P/BV 1.75 1.76
PE 9.69 9.70
From the Market
52 Week Low / High (₹) 400.00 / 633.80
All Time Low / High (₹) 2.67 / 799.00
Market Cap (₹ Cr.) 1,977
Equity (₹ Cr.) 9.1
Face Value (₹) 2
Industry PE 19.6

Management X-Ray of Siyaram Silk Mills:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Siyaram Silk Mills

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,3031,5101,6091,5681,7331,8151,6981,0881,9032,229
Operating Expenses 1,1641,3361,4171,3721,4871,5731,5291,0331,5691,860
Manufacturing Costs231247260287323333288187366424
Material Costs6717948227397758068226328961,080
Employee Cost 97110138169190198195123160179
Other Costs 16518519717820023722491148177
Operating Profit 13917419219724624116955334369
Operating Profit Margin (%) 10.7%11.5%11.9%12.5%14.2%13.3%10.0%5.0%17.6%16.5%
Other Income 17161725262834413440
Interest 29313132344843301820
Depreciation 29415255616273615958
Exceptional Items 0000-6-500-50
Profit Before Tax 98119126136171154885287332
Tax 3440434560531607480
Profit After Tax 64798391112101725213252
PAT Margin (%) 4.9%5.2%5.2%5.8%6.4%5.6%4.2%0.5%11.2%11.3%
Adjusted EPS (₹)13.616.817.819.423.821.615.31.145.353.7
Dividend Payout Ratio (%)12%12%12%15%18%20%56%404%20%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3704355065976797577677749371,141
Share Capital 9999999999
Reserves 3604264975876697487587659281,132
Minority Interest0000000000
Debt27528036526754941234379182125
Long Term Debt8558576413413710159379
Short Term Debt19022330820341427524220146116
Trade Payables119141177140181175182176213192
Others Liabilities 132124234285145160211213262266
Total Liabilities 8969811,2821,2891,5531,5051,5031,2421,5951,724

Fixed Assets

Gross Block570589448481567705799789843842
Accumulated Depreciation2202584986141199268320360378
Net Fixed Assets349332398395426506531469483464
CWIP 375369384325
Investments 0015144538426949135
Inventories225238331316430421428253403422
Trade Receivables260335363305422393340260386427
Cash Equivalents 65652384555
Others Assets5263165220115132154183267266
Total Assets 8969811,2821,2891,5531,5051,5031,2421,5951,724

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 666081203-2819220533236235
PBT 98119127136177159885287332
Adjustment 556175697589100716347
Changes in Working Capital -59-78-7347-219-248260-237-72
Tax Paid -29-43-48-50-61-55-31-4-77-71
Cash Flow From Investing Activity -61-23-111-69-158-12-27-29-55-113
Capex -70-32-72-84-141-41-43-15-66-43
Net Investments 00-500-2580-190-84
Others 91012148211651115
Cash Flow From Financing Activity -3-3831-135204-194-182-30119-123
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 391006118-29-41-35-33
Interest Paid -33-31-33-35-38-49-38-28-18-8
Dividend Paid -7-7-190-24-20-500-50-48
Others -1-183-100206-143-64-232121-34
Net Cash Flow 2-11-118-15-41-10
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)18.619.5917.6916.5117.514.099.410.6924.8424.23
ROCE (%)19.8720.9419.0118.4819.0916.5311.133.4229.9328.8
Asset Turnover Ratio1.912.031.841.621.71.61.571.191.751.66
PAT to CFO Conversion(x)1.030.760.982.23-0.251.92.8566.40.170.93
Working Capital Days
Receivable Days52576159556157674754
Inventory Days51445057566466764855
Payable Days646071787681791037968

Siyaram Silk Mills Ltd Stock News

Siyaram Silk Mills Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Siyaram Silk Mills on 28-Mar-2024 16:01 is ₹435.5.
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 28-Mar-2024 16:01 the market cap of Siyaram Silk Mills stood at ₹1,976.8.
The latest P/E ratio of Siyaram Silk Mills as of 28-Mar-2024 16:01 is 9.69.
The latest P/B ratio of Siyaram Silk Mills as of 28-Mar-2024 16:01 is 1.75.
The 52-week high of Siyaram Silk Mills is ₹633.8 and the 52-week low is ₹400.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Siyaram Silk Mills is ₹2,136 ( Cr.) .

About Siyaram Silk Mills Ltd

Siyaram Silk Mills, incorporated in 1978, is a leading producer of blended fabrics in India. The company is one of the most renowned vertically integrated textile companies in the country. It operates the widest range of latest machinery in its eco-friendly plant at Tarapur, Daman and Mumbai.

With over 4 million metres of fabric produced per month, Siyaram has achieved the status of the leading textile manufacturer in the country. Its in-house production facility consisting of spinning, dyeing, weaving and finishing plus garmenting enables it to present a wide offering of yarns, fabric, home textiles and apparels.

The Siyaram brand retails in over 40,000 outlets across the country. Its exclusive retail outlets offer the entire range of Siyaram brand

The company has the largest weaving infrastructure with over 500 looms of both dobby and Jacquard. It has the capacity to process 48 million metres of suiting, shirting and home textiles fabrics each year.

Products

  • Yarn - It has a production capacity of 700 metric tonnes of yarn per month in a wide range of compositions ranging from polyester, cotton, viscose, wool and linen. It produces dyed yarns such as space dyed yarns, heavy denier multicolour fancy yarns, embroidery and selvedge yarns, fancy dyed knitting yarns and microfilament dyed yarn.
  • Fabrics - The company is acknowledged for the production of the largest variety of fabrics and is recognised as the country’s leading blended fabric manufacturer. Under this segment, it manufactures premium suiting, workwear fabrics and shirting fabrics.
  • Ready to wear garments - It owns well established brands such as MSD (Monday to Sunday Dressing), Oxemberg and J Hampstead Apparels.
  • Home textiles.
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