Sai Silks (Kalamandir) Ltd

Sai Silks (Kalamandir) Ltd

₹ 202 -0.39%
26 Apr - close price
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 Textile company[1] Co. is amongst top 10 retailers of ethnic apparel, particularly sarees, in South India in terms of revenues and PAT in FY23. It offers a diverse range of products which includes various types of sarees suitable for weddings, and partywear, as well as occasional and daily wear; lehengas, men’s ethnic wear, children’s ethnic wear, and value fashion products

  • Market Cap 3,097 Cr.
  • Current Price 202
  • High / Low 312 / 168
  • Stock P/E 33.5
  • Book Value 65.0
  • Dividend Yield 0.00 %
  • ROCE 23.6 %
  • ROE 28.0 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 44.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Sector: Retail Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
340 309 379 324 305 327 382
284 268 314 273 260 272 324
Operating Profit 56 41 65 51 45 55 58
OPM % 16% 13% 17% 16% 15% 17% 15%
1 2 2 3 3 2 10
Interest 9 9 13 13 14 14 14
Depreciation 10 10 10 11 11 12 12
Profit before tax 38 23 43 29 22 32 42
Tax % 25% 25% 27% 31% 25% 26% 24%
29 17 31 20 17 23 32
EPS in Rs 2.26 1.38 2.48 1.60 1.33 1.52 2.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
692 1,044 1,176 677 1,129 1,351 1,338
638 961 1,072 615 991 1,132 1,129
Operating Profit 53 83 104 62 138 219 209
OPM % 8% 8% 9% 9% 12% 16% 16%
0 1 3 2 4 7 18
Interest 18 20 27 27 34 52 55
Depreciation 9 14 26 29 31 41 47
Profit before tax 27 49 53 7 77 134 125
Tax % 43% 38% 21% 30% 25% 27%
15 30 42 5 58 98 92
EPS in Rs 6.54 12.93 17.95 2.13 23.97 7.72 6.54
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 5%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: 32%
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 19%
Last Year: 28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 23 23 23 24 24 24 29
Reserves 135 166 208 219 277 373 968
112 172 233 279 347 526 520
121 205 229 143 195 297 383
Total Liabilities 392 566 693 665 842 1,220 1,900
113 152 251 225 249 379 388
CWIP 0 0 0 2 0 0 1
Investments 0 0 0 0 0 0 0
279 414 442 438 593 841 1,511
Total Assets 392 566 693 665 842 1,220 1,900

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
59 30 85 -15 46 41
-49 -47 -47 -18 -42 -60
-10 37 -45 19 1 15
Net Cash Flow 0 19 -7 -14 4 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 2 2 1 1 1 1
Inventory Days 163 170 160 300 236 306
Days Payable 58 71 73 88 64 102
Cash Conversion Cycle 107 101 87 213 172 205
Working Capital Days 69 58 56 141 108 129
ROCE % 22% 20% 7% 19% 24%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024
60.80% 60.80% 60.80%
7.11% 4.59% 3.32%
18.85% 19.83% 20.42%
9.32% 10.86% 11.54%
3.92% 3.92% 3.92%
No. of Shareholders 59,65644,96949,089

* 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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