Siyaram Silk Mills Ltd

₹ 573 4.98%
05 Dec 4:10 p.m.
About

Siyaram Silk Mills Ltd is a Textile manufacturing company. It is engaged in manufacturing fabrics and readymade garments, especially in the men’s wear section. [1][2]
The Company exports to countries like Abu Dhabi, Australia, Bahrain, Bangladesh, Cambodia, Canada, etc. [3]

Key Points

Company History
The Company was established in 1978 and promoted by Late Shri Dhara Prasad Poddar. Currently, the business is managed by his son Mr Ramesh D. Poddar as Chairman and MD. In 1984, As a part of backward integration it set up a manufacturing plant for textured yarn at Patalganga, In 1991 it entered into the readymade garment segment by introducing Oxemberg and in 2015 Partnered with Italian Brand CADINI. [1][2]

  • Market Cap 2,687 Cr.
  • Current Price 573
  • High / Low 700 / 394
  • Stock P/E 10.3
  • Book Value 221
  • Dividend Yield 1.52 %
  • ROCE 29.2 %
  • ROE 24.7 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 18.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 160%

Cons

  • Stock is trading at 2.60 times its book value
  • The company has delivered a poor sales growth of 3.92% over past five years.
  • Company has a low return on equity of 12.0% 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

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
488 418 467 41 174 382 507 233 480 562 628 398 635
432 383 425 85 179 330 427 203 395 460 510 346 516
Operating Profit 55 35 42 -44 -6 52 80 30 85 102 118 52 120
OPM % 11% 8% 9% -107% -3% 14% 16% 13% 18% 18% 19% 13% 19%
4 8 16 -23 12 9 15 8 6 9 6 7 9
Interest 11 11 9 9 9 6 5 5 5 5 4 4 6
Depreciation 18 19 18 14 16 16 14 15 15 14 14 14 14
Profit before tax 30 12 30 -91 -18 39 76 17 72 92 106 41 109
Tax % -1% 32% 23% 26% 26% 27% 23% 25% 26% 25% 27% 25% 26%
Net Profit 30 8 23 -67 -14 28 58 13 53 69 77 31 81
EPS in Rs 6.43 1.76 4.98 -14.37 -2.91 5.98 12.43 2.75 11.36 14.73 16.49 6.61 17.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
853 907 1,032 1,291 1,496 1,609 1,570 1,733 1,815 1,698 1,088 1,903 2,224
742 790 922 1,146 1,321 1,413 1,373 1,487 1,573 1,529 1,033 1,569 1,832
Operating Profit 110 117 110 146 174 196 197 246 241 169 55 334 391
OPM % 13% 13% 11% 11% 12% 12% 13% 14% 13% 10% 5% 18% 18%
8 11 19 10 16 14 25 20 24 34 41 29 32
Interest 15 24 25 29 31 31 32 34 48 43 30 18 18
Depreciation 21 22 22 29 41 52 55 61 62 73 61 59 57
Profit before tax 83 81 82 98 119 127 136 171 154 88 5 287 348
Tax % 31% 30% 33% 35% 34% 34% 33% 35% 35% 18% -2% 26%
Net Profit 58 57 55 64 79 84 91 112 101 72 5 213 258
EPS in Rs 12.27 12.10 11.73 13.55 16.80 17.93 19.41 23.81 21.58 15.30 1.14 45.34 55.01
Dividend Payout % 11% 12% 13% 12% 12% 12% 15% 18% 20% 56% 404% 20%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: 2%
TTM: 39%
Compounded Profit Growth
10 Years: 14%
5 Years: 19%
3 Years: 27%
TTM: 72%
Stock Price CAGR
10 Years: 25%
5 Years: -5%
3 Years: 35%
1 Year: 24%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 12%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 211 258 305 360 426 497 587 669 748 758 765 928 1,025
266 237 278 314 309 408 305 573 444 428 139 223 252
183 208 195 213 236 282 258 301 303 308 304 355 355
Total Liabilities 668 713 788 896 981 1,195 1,159 1,553 1,505 1,503 1,217 1,515 1,642
231 230 305 349 332 398 409 439 519 548 487 498 468
CWIP 1 15 16 3 7 5 36 93 8 4 3 2 20
Investments 18 3 0 0 0 15 0 33 25 25 52 49 70
418 465 466 543 641 778 714 989 953 926 676 967 1,083
Total Assets 668 713 788 896 981 1,195 1,159 1,553 1,505 1,503 1,217 1,515 1,642

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-23 61 68 66 60 81 203 -28 192 205 332 36
-51 -8 -73 -61 -23 -111 -69 -158 -12 -27 -29 -55
75 -54 6 -3 -38 31 -135 204 -194 -182 -301 19
Net Cash Flow -0 -1 1 2 -1 1 -1 18 -15 -4 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 84 71 71 74 82 82 71 89 79 73 87 74
Inventory Days 125 149 152 122 110 147 156 203 190 190 146 164
Days Payable 77 70 81 65 65 79 69 85 79 81 102 87
Cash Conversion Cycle 131 150 142 131 127 151 157 206 190 182 132 151
Working Capital Days 98 103 95 92 101 111 106 143 136 135 125 122
ROCE % 23% 21% 19% 21% 21% 19% 18% 19% 17% 11% 3% 29%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
67.07 67.17 67.19 67.19 67.19 67.19 67.19 67.19 67.19 67.18 67.18 67.18
1.30 1.29 0.51 0.32 0.32 0.74 1.71 1.92 2.83 3.65 3.28 2.66
13.19 13.83 13.85 12.81 10.78 11.15 11.21 10.76 7.75 6.19 6.24 6.11
18.45 17.72 18.44 19.67 21.70 20.91 19.88 20.12 22.23 22.98 23.29 24.04

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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