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NSE:SIYSIL

SIYARAM SILK MILLS LTD

Textiles › Textiles & Apparels
₹448.70
at close · 28 Oct 2026
▼ 13.25 (-2.87%)

Latest filings

  1. Newspaper publication of Q2 and H1 FY27 unaudited results · Compliance
  2. Earnings call audio for Q2 and H1 FY2027 uploaded · Investor Communications
  3. Q2 FY27 revenue rises 15%, but profit after tax falls 14% and margins narrow · Investor Communications
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Mills and sells fabrics, garments and dyed yarn, with fabrics contributing 71% of Q1 FY27 standalone revenue and garments and yarn-plus-others accounting for 19% and 10% respectively. The business generated FY26 revenue of Rs 2,572.5 crore at a 16.18% EBITDA margin. A branded retail push is underway under the Z-Cod and Devo labels — the network stood at 49 stores at the end of Q1 FY27 (30 Z-Cod, 19 Devo), targeting around 70 stores by FY27 year-end, with retail revenue guided to roughly double from Rs 80 crore in FY26 to Rs 160 crore in FY27. Some ZECODE stores are already EBITDA positive at the store level, though the segment is expected to drag group EBITDA margin by about 150 bps in FY27. Material inputs are the largest cost line at 38.8% of FY26 revenue, with other operating expenses at 31.8% and employee costs at 8.2%. Management has flagged a one-off ~Rs 80 crore Dombivali residential construction opportunity spread over 24 months that is not part of a real estate strategy.

Revenue mix · reported segments
Fabrics71.0%
Garments19.0%
Yarn and others10.0%
Operating scale
Manufacturing plants
11 plantsFY26
Total workforce
5,061 (1,847 employees + 3,214 workers)FY26
Exports share of revenue
10%FY26
Geographic presence
36 Indian states; 21 export countriesFY26
Sustainable sourcing
51.56%FY26
Renewable energy share
9.76%FY26
Who pays it
Distributors and dealers for wholesale fabric and garment sales; end consumers through 49 Z-Cod and Devo retail stores; export customers across 21 countries
Biggest cost
Materials at 38.8% of FY26 revenue
Kind of business
Branded textile and apparel manufacturer expanding into direct value-fashion retail
Where it sits
Indian textile mill with a branded fabric franchise, adding direct-retail value-fashion stores and exporting to 21 countries
Market Cap
₹2,036 Cr
P / E (TTM)
8.6×
EV / EBITDA
5.5×
Div Yield
2.67%
Growth
18.8%▲
Revenue 5y CAGR
PAT +130.1% · EBITDA +34.5%
Quality
22.1%▲
ROCE (5y median)
ROE 16.2% (5y median) · margin 16.2%
Leverage
0.22·
Debt / Equity · low
Net debt ₹314 Cr
Revenue FY21→FY26
2.4×▲
Margin +8.6 pts
₹1,089 Cr → ₹2,572 Cr
Cash conversion
0.70×·
Operating cash ÷ profit · 5 yrs
₹757 Cr on ₹1,080 Cr
Moves on a normal day
1.47%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 229 Other Textile Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#43/179
P/B#104/185
ROCE#17/215
ROE#20/188
Debt / Equity#73/188
EBITDA margin#110/198
Revenue growth#64/192
Profit growth#42/203

Scorecard

Measured from the filed financials, judged against its Other Textile Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 19% a year over 5 years
Profit compounding 130% a year over 5 years
Returns on capital 22.1% (5-year median)
#17 of 215 in Other Textile Products on the latest reported figures · up from 3.6% in FY21
Debt at 0.22× equity
lower than 62% of its 188 Other Textile Products peers
Pays out 24% of profit as dividend
Concerns
Heavy working capital — 135 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

SIYSIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SIYARAM SILK MILLS LTD's filed financials and exchange disclosures

What does SIYARAM SILK MILLS LTD do?

SIYARAM SILK MILLS LTD is a Textiles & Apparels company listed on NSE and BSE, trading under the symbol SIYSIL.

Is SIYARAM SILK MILLS LTD profitable?

Yes. Over the trailing twelve months SIYARAM SILK MILLS LTD reported a net profit of ₹237 Cr on revenue of ₹2,629 Cr.

Does SIYARAM SILK MILLS LTD pay a dividend?

Yes. The dividend yield is 2.67% at the current price. It paid out 24% of its profit as dividend in FY26.

Is SIYARAM SILK MILLS LTD debt-free?

No. It reported borrowings of ₹320 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹314 Cr after cash. Debt stands at 0.22× equity. That is lower than 62% of its 188 Other Textile Products peers.

Is SIYARAM SILK MILLS LTD expensive compared with its peers?

On trailing P/E, SIYARAM SILK MILLS LTD ranks 43 of 179 in Other Textile Products — cheaper than 76% of them, against an industry median of 16.8×. This is a position, not a valuation judgement.

How much does the SIYARAM SILK MILLS LTD share price move in a day?

On a typical session SIYARAM SILK MILLS LTD moves 1.47% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SIYARAM SILK MILLS LTD's announcements?

Every NSE and BSE filing by SIYARAM SILK MILLS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.