Sai Silks (Kalamandir) Ltd
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]
- Market Cap ₹ 1,590 Cr.
- Current Price ₹ 104
- High / Low ₹ 223 / 89.8
- Stock P/E 11.3
- Book Value ₹ 82.2
- Dividend Yield 0.96 %
- ROCE 14.0 %
- ROE 11.8 %
- Face Value ₹ 2.00
Pros
Cons
- Company has a low return on equity of 10.8% over last 3 years.
- Dividend payout has been low at 10.6% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of BSE Consumer Discretionary BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 692 | 1,044 | 1,176 | 677 | 1,129 | 1,351 | 1,374 | 1,462 | 1,654 | |
| 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% |
| 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% |
| 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% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 7% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 94% |
| 3 Years: | 13% |
| TTM: | 65% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 11% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 112 | 172 | 233 | 279 | 347 | 526 | 464 | 405 | 361 | |
| 121 | 205 | 229 | 143 | 195 | 297 | 114 | 104 | 227 | |
| Total Liabilities | 392 | 566 | 693 | 665 | 842 | 1,220 | 1,642 | 1,641 | 1,849 |
| 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 |
| 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 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 59 | 30 | 85 | -15 | 46 | 41 | -21 | 107 | 323 | |
| -49 | -47 | -47 | -18 | -42 | -60 | -332 | 118 | -153 | |
| -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% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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% |
Insights
In beta| Mar 2013 | Mar 2014 | Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Number of Stores Number |
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| Average Revenue Per Store INR Crore |
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| Total Customers (Cumulative) Million |
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| Same Store Sales Growth (SSSG) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Transcript for Earnings call dated 13th May 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Transcript of Q4/FY26 earnings call uploaded; FY26 revenue rose 13.1% to ₹1,654 crore, PAT ₹141 crore, 81 stores.
- Q4 Results 15 May
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 May - Audio recording of Q4 and FY26 earnings call available on company website.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
12 May - Submitted FY2026 secretarial compliance report; no SEBI violations, and IPO proceeds utilization extended to September 30, 2026.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025TranscriptPPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024TranscriptPPT
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Feb 2024TranscriptPPTREC
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Nov 2023TranscriptPPTREC
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Sep 2023TranscriptAI SummaryPPT
Leading Ethnic Brand[1][2]
Sai Silks (Kalamandir) Limited (SSKL) is one of South India's largest ethnic apparel retailers, primarily focusing on sarees and ethnic fashion across premium, ultra-premium, and value segments. It operates 79 stores across 22 cities in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, and Pondicherry. The company serves the wedding, festive, party, and daily wear segments for women, men, and children through offline and online channels.