Siyaram Silk Mills Ltd

About [ edit ]

Siyaram Silk Mills is engaged in the business of Fabrics, Readymade Garments.

  • Market Cap 997 Cr.
  • Current Price 212
  • High / Low 236 / 93.5
  • Stock P/E
  • Book Value 146
  • Dividend Yield 2.17 %
  • ROCE 10.8 %
  • ROE 9.27 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 31.40%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.57% over past five years.
  • Company has a low return on equity of 13.58% for last 3 years.

Peer comparison

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
596 322 459 446 588 326 488 418 467 41 174 382
498 288 392 394 500 288 432 383 425 85 179 330
Operating Profit 98 34 67 53 88 38 55 35 42 -44 -6 52
OPM % 16% 11% 15% 12% 15% 12% 11% 8% 9% -107% -3% 14%
Other Income 3 8 1 7 7 7 4 8 16 -23 12 9
Interest 12 11 12 14 12 11 11 11 9 9 9 6
Depreciation 16 16 16 15 15 18 18 19 18 14 16 16
Profit before tax 73 15 40 32 68 15 30 12 30 -91 -18 39
Tax % 34% 34% 39% 36% 31% 34% -1% 32% 23% 26% 26% 27%
Net Profit 48 10 24 20 47 10 30 8 23 -67 -14 28
EPS in Rs 10.26 2.11 5.21 4.28 9.97 2.13 6.43 1.76 4.98 -14.37 -2.91 5.98

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
526 654 853 907 1,032 1,291 1,496 1,609 1,570 1,733 1,815 1,698 1,064
484 584 742 790 922 1,146 1,321 1,413 1,373 1,490 1,575 1,529 1,019
Operating Profit 42 70 110 117 110 146 174 196 197 243 240 169 44
OPM % 8% 11% 13% 13% 11% 11% 12% 12% 13% 14% 13% 10% 4%
Other Income 8 11 8 11 19 10 16 14 26 23 25 34 13
Interest 17 12 15 24 25 29 31 31 32 34 48 43 34
Depreciation 19 20 21 22 22 29 41 52 55 61 62 73 64
Profit before tax 15 49 83 81 82 98 119 127 136 171 154 88 -40
Tax % 22% 31% 31% 30% 33% 35% 34% 34% 33% 35% 35% 18%
Net Profit 11 34 58 57 55 64 79 84 91 112 101 72 -30
EPS in Rs 2.44 7.18 12.27 12.10 11.73 13.55 16.80 17.93 19.41 23.81 21.58 15.30 -6.32
Dividend Payout % 41% 17% 11% 12% 13% 12% 12% 12% 15% 18% 20% 56%
Compounded Sales Growth
10 Years:10%
5 Years:3%
3 Years:3%
TTM:-42%
Compounded Profit Growth
10 Years:8%
5 Years:-2%
3 Years:-8%
TTM:-102%
Stock Price CAGR
10 Years:11%
5 Years:0%
3 Years:-31%
1 Year:78%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:14%
Last Year:9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 133 160 211 258 305 360 426 497 587 669 748 758 676
Borrowings 233 190 266 237 278 314 309 408 305 573 444 428 343
79 121 183 208 195 213 236 282 258 301 303 292 204
Total Liabilities 454 480 668 713 788 896 981 1,195 1,159 1,553 1,505 1,486 1,232
205 200 231 230 305 349 332 398 409 439 519 548 509
CWIP 2 0 1 15 16 3 7 5 36 93 8 4 7
Investments 0 28 18 3 0 0 0 15 0 33 25 25 25
248 251 418 465 466 543 641 778 714 989 953 910 693
Total Assets 454 480 668 713 788 896 981 1,195 1,159 1,553 1,505 1,486 1,232

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
79 103 -23 61 68 66 60 81 203 -28 192 205
-19 -40 -51 -8 -73 -61 -23 -111 -69 -158 -12 -27
-59 -63 75 -54 6 -3 -38 31 -135 204 -194 -182
Net Cash Flow 1 1 -0 -1 1 2 -1 1 -1 18 -15 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 16% 23% 21% 19% 21% 21% 19% 18% 19% 17% 11%
Debtor Days 79 65 84 71 71 74 82 82 71 89 79 70
Inventory Turnover 2.71 3.76 3.77 2.83 2.70 3.13 3.56 3.06 2.45 2.23 2.04 2.08

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
67.07 67.07 67.07 67.07 67.07 67.07 67.07 67.17 67.19 67.19 67.19 67.19
1.65 1.66 1.48 1.46 1.40 1.33 1.30 1.29 0.51 0.32 0.32 0.74
9.43 9.60 10.13 10.79 11.60 12.86 13.19 13.83 13.85 12.81 10.78 11.15
21.85 21.67 21.33 20.68 19.94 18.75 18.45 17.72 18.44 19.67 21.70 20.91

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