Siyaram Silk Mills Limited (SIYSIL)

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Siyaram Silk Mills Limited (SIYSIL) · mywealthgrid

About

Siyaram Silk Mills operates textiles (silk, specialty) in Indian apparel sector. ₹2,893.8 Cr market cap, ₹852.6 Cr FY2026 revenue, PE 12.2. 67.4% promoter-held.

Founded: 1978
Face value: ₹2

Market cap

₹2,413 Cr

P/E

10.2×

P/B

1.7×

Dividend yield

ROE

16.8%

ROCE

22.6%

Debt / equity

0.22

OPM

12.9%

EPS (TTM)

₹52.3

Book value

₹322.0

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Q1 OPM fell to 4.1% vs Q4 15.7% — extreme seasonality strains working capital in lean quarters.
Textile/apparel cyclical — verify revenue resilience and customer concentration in downturns.
Silk fiber cost volatility — verify supply-chain diversification and hedging.

Generated analysis · source review pending

Growth drivers

Q1 OPM 4.1% vs annual 12.9% — recovery to baseline could add ₹35–40 Cr to FY profit.
Q2–Q4 revenue ₹625–852 Cr, margins 10.9–15.7% — higher utilization outside Q1 trough could lift FY earnings.
ROE 16.83%, D/E 0.22 — reinvested earnings compound returns as working-capital cycles stabilize.
Six dividends (Jul '25–Jul '26) signal cash generation — verify payout ratio allows reinvestment.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹531.6-1.8%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.3%
+Profit CAGR of 130.1% over the last 5 years
+Revenue CAGR of 18.8% over the last 5 years
+Dividend yield of 3%
+Dividend payout of 30.6% of profit
+High promoter holding of 67.4% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

66/100

Business quality: 57
Growth: 46
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,733	1,816	1,699	1,089	1,905	2,233	2,092	2,222	2,573
COGS	774	807	822	632	896	1,081	994	1,068	1,210
Gross profit	959	1,010	877	457	1,009	1,151	1,098	1,154	1,362
	714	770	709	403	676	783	812	878	1,029
	245	240	167	54	333	368	285	276	333
OPM %	14.1%	13.2%	9.9%	4.9%	17.5%	16.5%	13.6%	12.4%	12.9%
Depreciation	61	62	73	61	59	58	55	60	79
Interest	34	48	43	30	18	20	20	24	34
	32	33	34	41	34	40	38	75	83
Profit before tax	170	152	85	3	291	331	247	267	303
Tax	60	53	16	-0	74	80	62	70	72
Tax %	35%	35%	18.7%	-3.2%	25.6%	24.1%	25.3%	26.3%	23.8%
	111	99	69	4	216	251	185	197	231
PAT margin %	6.4%	5.5%	4.1%	0.3%	11.4%	11.2%	8.8%	8.9%	9%
EPS (₹)	—	—	14.8	0.8	46.1	53.6	40	43.5	50.9
EPS adjusted (₹)	23.7	21.2	14.8	0.8	46.2	53.6	40.7	43.5	50.9
	—	—	31.1%	605.3%	19.9%	20.5%	27.5%	27.6%	31.4%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	9	9	9	9	9	9	9
Reserves	669	746	758	758	925	1,128	1,128	1,274	1,451
Minority interest	—	—	—	—	—	—	—	—	0
	549	412	343	115	212	150	164	235	320
	326	335	393	329	367	350	301	370	411
Total equity & liabilities	1,553	1,502	1,503	1,210	1,513	1,637	1,602	1,888	2,191
	430	510	486	452	486	466	464	579	579
CWIP	93	8	4	3	2	5	19	3	14
Investments	25	17	25	17	53	138	42	218	287
	1,006	967	988	739	972	1,027	1,077	1,088	1,311
Total assets	1,553	1,502	1,503	1,210	1,513	1,637	1,602	1,888	2,191

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	55.6%	51.6%	42%	53%	51.6%	52.5%	51.9%	52.9%
EBITDA margin %	13.2%	9.9%	4.9%	17.5%	16.5%	13.6%	12.4%	12.9%
EBIT margin %	9.8%	5.6%	-0.7%	14.4%	13.9%	11%	9.7%	9.9%
PAT margin %	5.5%	4.1%	0.3%	11.4%	11.2%	8.8%	8.9%	9%
Working capital
Receivable days	79	73	87	74	70	82	85	92
Inventory days	191	190	147	165	143	172	148	161
Payable days	79	—	102	87	65	0	67	68
NWC days	191	—	133	152	148	253	166	184
Leverage
Current ratio	1.79	1.73	2.29	2.1	2.66	2.73	2.64	2.42
Debt to EBITDA	1.72	2.05	2.13	0.64	0.41	0.58	0.85	0.96
Debt to equity	0.55	0.45	0.15	0.23	0.13	0.14	0.18	0.22
Interest coverage	4.2	3	1.1	17.1	17.8	13.2	12.2	9.9
Asset turnover	1.21	1.13	0.9	1.26	1.36	1.31	1.18	1.17
Return ratios
Return on assets %	6.6%	4.6%	0.3%	14.3%	15.3%	11.5%	10.4%	10.5%
Return on capital employed %	22%	13%	3.5%	31.4%	30.9%	22%	22.2%	22.6%
Return on equity %	13.1%	9%	0.5%	23.2%	22.1%	16.2%	15.4%	15.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.18%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%	67.44%
	1.91%	1.75%	1.56%	1.53%	1.48%	1.92%	2.63%	2.54%	2.61%	2.69%	2.26%	1.96%
	4.42%	3.44%	2.93%	2.55%	2.52%	2.52%	2.52%	2.55%	2.51%	2.47%	2.47%	2.51%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.49%	27.37%	28.07%	28.48%	28.56%	28.12%	27.41%	27.47%	27.44%	27.4%	27.83%	28.09%
No. of shareholders	—	—	—	—	—	—	—	—	50,827	47,437	47,660	46,029

Promoter holding up 0.26 percentage points since Sep 2023.

16 deals · 1 Oct 2021 – 17 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Aug 2026	HARSHIT SHRIKISHAN PODDAR	Block	BSE	Sell	5,82,900	₹620.00	₹36.14 Cr
17 Aug 2026	DPP ENTERPRISES LLP	Block	BSE	Buy	5,82,900	₹620.00	₹36.14 Cr
17 Aug 2026	HARSHIT SHRIKISHAN PODDAR	Bulk	BSE	Sell	5,82,900	₹620.00	₹36.14 Cr
17 Aug 2026	DPP ENTERPRISES LLP	Bulk	BSE	Buy	5,82,900	₹620.00	₹36.14 Cr
23 Mar 2026	DPP ENTERPRISES LLP	Bulk	NSE	Buy	3,15,000	₹459.51	₹14.47 Cr
23 Mar 2026	ABHISHEK SHRIKISHAN PODDAR	Bulk	NSE	Sell	3,15,000	₹459.40	₹14.47 Cr
8 Jul 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,25,673	₹764.07	₹24.88 Cr
8 Jul 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,25,673	₹763.39	₹24.86 Cr
16 Dec 2024	AAKRAYA RESEARCH LLP	Bulk	NSE	Sell	3,66,458	₹1,070.38	₹39.22 Cr
16 Dec 2024	AAKRAYA RESEARCH LLP	Bulk	NSE	Buy	3,66,458	₹1,069.92	₹39.21 Cr

1–10 of 16

1 / 2

Mr. Ramesh Kumar PoddarExecutive Director-Chairperson related to Promoter-CEO-MD
Surendra ShettyChief Financial Officer
Mr. Pawankumar Dharaprasad PoddarExecutive Director-MD
Mr. Shrikishan PoddarExecutive Director
Mr. Gaurav PoddarExecutive Director
Mr. Ashok Kumar JalanExecutive Director
Mr. Sachindra Nath ChaturvediNon-Executive - Independent Director
Mrs. Mangala Radhakrishna PrabhuNon-Executive - Independent Director
Mr. Ashok Naraharrao DesaiNon-Executive - Independent Director
Mr. Deepak Rameshchandra ShahNon-Executive - Independent Director
Mr. Chetan Shashikant ThakkarNon-Executive - Independent Director

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.04%

of the company's equity

All mutual funds

0.04%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

2 schemes · 2 fund houses

		Shares
Parag Parikh ELSS Tax Saver Fund	PPFAS Mutual Fund	18,249	1.03	0.02%	0.04%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	43	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

71 announcementsExport CSV

27 Aug 2026, 6:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	55.6%	51.6%	42%	53%	51.6%	52.5%	51.9%	52.9%
EBITDA margin %	13.2%	9.9%	4.9%	17.5%	16.5%	13.6%	12.4%	12.9%
EBIT margin %	9.8%	5.6%	-0.7%	14.4%	13.9%	11%	9.7%	9.9%
PAT margin %	5.5%	4.1%	0.3%	11.4%	11.2%	8.8%	8.9%	9%
Working capital
Receivable days	79	73	87	74	70	82	85	92
Inventory days	191	190	147	165	143	172	148	161
Payable days	79	—	102	87	65	0	67	68
NWC days	191	—	133	152	148	253	166	184
Leverage
Current ratio	1.79	1.73	2.29	2.1	2.66	2.73	2.64	2.42
Debt to EBITDA	1.72	2.05	2.13	0.64	0.41	0.58	0.85	0.96
Debt to equity	0.55	0.45	0.15	0.23	0.13	0.14	0.18	0.22
Interest coverage	4.2	3	1.1	17.1	17.8	13.2	12.2	9.9
Asset turnover	1.21	1.13	0.9	1.26	1.36	1.31	1.18	1.17
Return ratios
Return on assets %	6.6%	4.6%	0.3%	14.3%	15.3%	11.5%	10.4%	10.5%
Return on capital employed %	22%	13%	3.5%	31.4%	30.9%	22%	22.2%	22.6%
Return on equity %	13.1%	9%	0.5%	23.2%	22.1%	16.2%	15.4%	15.8%

Date	Category	Subject	Filing
27 Aug 2026, 6:06 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
25 Aug 2026, 5:33 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
24 Aug 2026, 10:44 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
24 Aug 2026, 10:41 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
20 Aug 2026, 10:32 am	Insider Trading / SAST Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011	PDF
20 Aug 2026, 9:37 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
20 Aug 2026, 9:35 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
18 Aug 2026, 5:31 pm	Insider Trading / SAST Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-31	192	201	330	45	235	129	255	93
	-154	-13	-28	-22	-53	-113	68	-248	-69
	204	-194	-177	-307	8	-123	-194	-10	-23
Net cash flow	19	-15	-4	1	-0	-0	3	-3	2
Free cash flow	-181	147	155	309	-29	178	70	112	18
CFO / Operating profit %	-12.5%	80.1%	120.1%	614.1%	13.5%	63.9%	45.1%	92.4%	28%

Siyaram Silk Mills Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

35

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Siyaram Silk Mills Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends35

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

35

1

1