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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fabrics (71%), Garments (19%), Yarn and others (10%), Retail (Z-Cod + Devo), Dombivali residential project. Branded textile and apparel manufacturer expanding into direct value-fashion retail
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,905 | 2,233 | 2,092 | 2,222 | 2,572 |
| EBITDA (ex other income) | 333 | 368 | 285 | 276 | 333 |
| margin % | 17.5 | 16.5 | 13.6 | 12.4 | 12.9 |
| Owners' profit | 0 | 0 | 185 | 197 | 231 |
| EPS, as reported (₹) | 46.14 | 53.55 | 39.99 | 43.45 | 50.89 |
| ROE % · ROCE % | 23.2 · 29.3 | 22.1 · 28.7 | 16.2 · 22.1 | 15.4 · 20.7 | 15.8 · 21.4 |
| Debt / equity (x) | 0.23 | 0.13 | 0.14 | 0.18 | 0.22 |
| Cash from operations | 45 | 235 | 129 | 255 | 93 |
| Capex | (74) | (58) | (59) | (143) | (75) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 608 | 571 | 736 | 389 | 706 | 624 | 853 | 446 |
| Profit before tax | 91 | 62 | 100 | 6 | 115 | 55 | 127 | 14 |
| Net profit | 68 | 45 | 72 | 5 | 87 | 42 | 98 | 11 |
| EPS (₹) | 15.03 | 10.01 | 15.88 | 1.02 | 19.11 | 9.21 | 21.55 | 2.43 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 27 Aug 2026 · Siyaram Silk Mills to meet investors and analysts on 3 Sep 2026 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Siyaram allots bonus preference shares under NCLT approved scheme | strategic transactions | high | — | — |
| 24 Aug 2026 · CRISIL reaffirms AA-/Stable and A1+ ratings for Siyaram Silk Mills | credit debt | medium | — | — |
| 24 Aug 2026 · CRISIL assigns AA-/Stable rating to Siyaram Rs 318cr preference shares | credit debt | medium | — | — |
| 20 Aug 2026 · Inter-se transfer of 5,82,900 promoter shares to DPP Enterprises LLP via block deal | ownership changes | medium | — | — |
| 20 Aug 2026 · Inter-se transfer of 1.28% shares within promoter group via block deal | ownership changes | medium | — | — |
| 20 Aug 2026 · Promoter Harshit S Poddar sells 1.28 percent stake via block deal | ownership changes | high | — | — |
| 19 Aug 2026 · Promoter group internal transfer of 1.28% stake via block deal | ownership changes | medium | — | — |
| 18 Aug 2026 · Promoter family transfers 4.62% stake as a gift among members | ownership changes | medium | — | — |
| 18 Aug 2026 · Promoter Anurag Poddar receives 3.5L shares via inter-se gift transfer | ownership changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| INDO COUNT INDUSTRIES LTD |
| 8,757 |
| 58.0 |
| 3.72 |
| 21.1 |
| 5.4 |
| 5.4 |
| 10.5 |
| 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.2 | 14.8 | 69 of 205 | 67% |
| P/B | 1.7 | 1.3 | 116 of 183 | 36% |
| ROCE | 19.2 | 4.2 | 19 of 227 | 92% |
| ROE | 15.8 | 4.8 | 30 of 214 | 86% |
| Debt / Equity | 0.2 | 0.3 | 99 of 214 | 54% |
| EBITDA margin | 8.9 | 9.8 | 110 of 198 | 45% |
| Revenue growth | 14.4 | 6.9 | 64 of 192 | 67% |
| Profit growth | 137.3 | 20.0 | 42 of 203 | 80% |
| Market cap | 2418 | 63 | 16 of 221 | 93% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
