Sai Silks (Kalamandir) Ltd

Sai Silks Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sai Silks (Kalamandir) Ltd

₹ 101 12.25%
01 Apr - close price
sskl.co.in BSE: 543989 NSE: KALAMANDIR
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 1,552 Cr.
  • Current Price ₹ 101
  • High / Low ₹ 223 / 89.8
  • Stock P/E 12.8
  • Book Value ₹ 77.4
  • Dividend Yield 0.99 %
  • ROCE 12.4 %
  • ROE 7.78 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 4.46% over past five years.
  • Company has a low return on equity of 13.0% over last 3 years.
  • Dividend payout has been low at 10.6% of profits over last 3 years
  • Working capital days have increased from 103 days to 145 days

* 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 Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
379 324 305 327 382 360 267 347 449 399 379 444 411
314 273 260 272 324 305 248 292 370 340 322 372 341
Operating Profit 65 51 45 55 58 54 19 55 79 58 57 72 70
OPM % 17% 16% 15% 17% 15% 15% 7% 16% 18% 15% 15% 16% 17%
2 3 3 2 10 8 7 6 6 5 6 5 4
Interest 13 13 14 14 14 11 10 10 10 10 8 7 7
Depreciation 10 11 11 12 12 12 13 13 13 14 14 15 16
Profit before tax 43 29 22 32 42 39 3 39 62 39 40 54 51
Tax % 27% 31% 25% 26% 24% 26% 26% 39% 25% 66% 25% 26% 25%
31 20 17 23 32 29 2 24 46 14 30 40 38
EPS in Rs 2.48 1.60 1.33 1.52 2.09 1.87 0.14 1.55 3.00 0.88 1.96 2.61 2.49
Raw PDF

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 TTM
692 1,044 1,176 677 1,129 1,351 1,374 1,462 1,633
638 961 1,072 615 991 1,132 1,154 1,244 1,376
Operating Profit 53 83 104 62 138 219 219 218 258
OPM % 8% 8% 9% 9% 12% 16% 16% 15% 16%
0 1 3 2 4 7 23 24 20
Interest 18 20 27 27 34 52 60 47 33
Depreciation 9 14 26 29 31 41 48 53 59
Profit before tax 27 49 53 7 77 134 135 143 185
Tax % 43% 38% 21% 30% 25% 27% 25% 40%
15 30 42 5 58 98 101 85 122
EPS in Rs 6.54 12.93 17.95 2.13 23.97 7.72 6.58 5.57 7.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 15% 17%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 9%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 14%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -25%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 13%
Last Year: 8%

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 Sep 2025
Equity Capital 23 23 23 24 24 24 29 29 29
Reserves 135 166 208 219 277 373 1,033 1,102 1,158
112 172 233 279 347 526 464 405 301
121 205 229 143 195 297 114 104 314
Total Liabilities 392 566 693 665 842 1,220 1,642 1,641 1,802
113 152 251 225 249 379 414 465 503
CWIP 0 0 0 2 0 0 2 0 3
Investments 0 0 0 0 0 0 0 0 0
279 414 442 438 593 841 1,225 1,175 1,296
Total Assets 392 566 693 665 842 1,220 1,642 1,641 1,802

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
59 30 85 -15 46 41 -21 107
-49 -47 -47 -18 -42 -60 -332 118
-10 37 -45 19 1 15 393 -184
Net Cash Flow 0 19 -7 -14 4 -4 40 41
Free Cash Flow 19 -24 38 -21 20 -19 -63 54
CFO/OP 123% 45% 105% -16% 34% 40% 12% 67%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 2 2 1 1 1 1 1 1
Inventory Days 163 170 160 300 236 306 324 334
Days Payable 58 71 73 88 64 102 27 11
Cash Conversion Cycle 107 101 87 213 172 205 298 323
Working Capital Days 17 17 12 46 34 49 114 145
ROCE % 22% 20% 7% 19% 24% 16% 12%

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
Number of Stores
Number

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Number of Employees
Number
Total Retail Area
Sq. Ft.
Average Revenue Per Sq. Ft.
INR
Average Revenue Per Store
INR Crore
Total Customers (Cumulative)
Million
Same Store Sales Growth (SSSG)
%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
60.80% 60.80% 60.80% 60.80% 60.80% 60.80% 60.87% 60.97% 60.97% 60.97%
7.11% 4.59% 3.32% 2.86% 3.29% 3.26% 3.17% 3.44% 3.85% 1.47%
18.85% 19.83% 20.42% 19.12% 16.16% 15.41% 15.74% 12.38% 11.23% 8.21%
9.32% 10.86% 11.54% 13.31% 15.82% 16.60% 16.31% 19.29% 20.03% 25.43%
3.92% 3.92% 3.92% 3.92% 3.92% 3.92% 3.92% 3.92% 3.92% 3.92%
No. of Shareholders 59,65644,96949,08950,87655,29659,49959,00259,80056,47068,447

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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