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 ₹ 1,382 Cr.
- Current Price ₹ 90.1
- High / Low ₹ 179 / 64.3
- Stock P/E 10.8
- Book Value ₹ 84.4
- Dividend Yield 1.66 %
- ROCE 14.4 %
- ROE 11.8 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.07 times its book value
Cons
- Company has a low return on equity of 10.8% 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 692 | 1,044 | 1,176 | 677 | 1,129 | 1,351 | 1,374 | 1,462 | 1,654 | 1,639 | |
| Sales growth | +51% | +13% | -42% | +67% | +20% | +2% | +6% | +13% | -2% | |
| 638 | 961 | 1,072 | 615 | 991 | 1,132 | 1,154 | 1,244 | 1,386 | 1,395 | |
| Operating Profit | 53 | 83 | 104 | 62 | 138 | 219 | 219 | 218 | 268 | 245 |
| OPM % | 8% | 8% | 9% | 9% | 12% | 16% | 16% | 15% | 16% | 15% |
| 0 | 1 | 3 | 2 | 4 | 7 | 23 | 24 | 19 | 19 | |
| Interest | 18 | 20 | 27 | 27 | 34 | 52 | 60 | 47 | 38 | 33 |
| Depreciation | 9 | 14 | 26 | 29 | 31 | 41 | 48 | 53 | 59 | 61 |
| Profit before tax | 27 | 49 | 53 | 7 | 77 | 134 | 135 | 143 | 190 | 171 |
| Tax % | 43% | 38% | 21% | 30% | 25% | 27% | 25% | 40% | 26% | |
| 15 | 30 | 42 | 5 | 58 | 98 | 101 | 85 | 141 | 128 | |
| EPS in Rs | 1.31 | 2.59 | 3.59 | 0.43 | 4.80 | 7.72 | 6.58 | 5.57 | 9.19 | 8.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 15% | 17% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 7% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 94% |
| 3 Years: | 13% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -30% |
| 1 Year: | -47% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 24 | 24 | 24 | 29 | 29 | 29 | 29 |
| Reserves | 135 | 166 | 208 | 219 | 277 | 373 | 1,033 | 1,102 | 1,231 | 1,264 |
| 112 | 172 | 233 | 279 | 347 | 526 | 464 | 405 | 361 | 394 | |
| 121 | 205 | 229 | 143 | 195 | 297 | 114 | 104 | 227 | 269 | |
| Total Liabilities | 392 | 566 | 693 | 665 | 842 | 1,220 | 1,642 | 1,641 | 1,849 | 1,956 |
| 113 | 152 | 251 | 225 | 249 | 379 | 414 | 465 | 583 | 630 | |
| CWIP | 0 | 0 | 0 | 2 | 0 | 0 | 2 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 279 | 414 | 442 | 438 | 593 | 841 | 1,225 | 1,175 | 1,265 | 1,326 | |
| Total Assets | 392 | 566 | 693 | 665 | 842 | 1,220 | 1,642 | 1,641 | 1,849 | 1,956 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 123% | 45% | 105% | -16% | 34% | 40% | 12% | 67% | 147% |
Ratios
Standalone / 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 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Average Revenue Per Sq. Ft. INR per sq. ft. |
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| Number of Cities cities |
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| Number of Employees employees |
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| Number of Stores stores |
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| Number of Varamahalakshmi Stores stores |
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| Saree Segment Revenue Share % |
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| Total Retail Area sq. ft. |
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| Warehousing Capacity sq. ft. |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for quarter ended Sep 30, 2026 shows nil deviation, 20.27 crore unutilized, timeline extended for warehouses.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Investor meeting on November 11, 2026 at 11.00 am virtually
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Earning Call Transcript for Q2 H1 FY 27
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2/H1 FY27 analyst conference call held on 3 Nov 2026 is available online.
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Newspaper Advertisement Of Un-Audited Financial Results September 30, 2026
- Newspaper ad for unaudited Q2 and half-year FY2027 results published on November 4, 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
Concalls
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Nov 2026PPT REC
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Jul 2026Transcript PPT REC
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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 2025Transcript
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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 2024Transcript
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Feb 2024Transcript REC
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Nov 2023Transcript REC
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Sep 2023PPT
Leading Ethnic Brand:[1][2]
Sai Silks (Kalamandir) Limited (SSKL) is one
of South India's largest ethnic apparel retailers, specialising in sarees and ethnic fashion across premium, ultra-premium and value segments.
It operates 83 stores across 24 cities in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu and Puducherry, catering to wedding, festive, party and daily wear needs for women, men and children through offline and online channels.