Siyaram Silk Mills Ltd. News and Updates

Name: Latest research reports of Siyaram Silk Mills Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Siyaram Silk Mills Ltd.
Rating: 5
Author: ICICI Securities Limited

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Siyaram Silk Mills Ltd.

09 Feb 2018

694.25

-6.59%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Siyaram Silk Mills (SSML) reported a healthy set of Q3FY18 numbers albeit on a favourable base effect of demonetisation in Q3FY17 Revenues for the quarter grew 15.6% YoY to | 393.6 crore. Fabric division witnessed strong recovery with revenues increasing 20% YoY to | 296.9 crore. Garmenting division continued on its healthy growth trajectory with revenues increasing 21% YoY to | 82.8 crore EBITDA margins for the quarter improved 50 bps YoY to 12.8%,...

Siyaram Silk Mills Ltd. has gained 42.44% in the last 6 Months

Siyaram Silk Mills Ltd.

02 Feb 2018

694.25

-6.59%

Result Updates

Buy: Siyaram Silk Mills Ltd.

Angel Broking

For 3QFY2018, Siyaram Silk Mills (SSM) posted good set of results, exceeding our expectations on both, top-line as well as bottom-line fronts. Revenues grew by ~16% yoy (above our estimate). On the operating front, the company reported operating margin improvement. On the bottom-line front, SSM reported growth of ~64% yoy to `22cr on the ..

Siyaram Silk Mills Ltd. has lost -22.78% in the last 3 Months

Siyaram Silk Mills Ltd.

22 Nov 2017

694.25

-6.59%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

ICICI Securities Limited

Revenues for the quarter came in at | 422.6 crore vs. | 422.2 crore in Q2FY17. Total fabric sales declined 7.6% YoY to | 283 crore with a volume decline of 7.3% YoY to 197 lakh metre. Garments continued on their strong trajectory with 33.9% revenue growth to | 125 crore, driven by 43% volume growth (22.7 lakh pieces) EBITDA margins for the quarter improved 270 bps YoY to 15.2%, mainly on account of a significant expansion in gross margins to the tune of 592 bps YoY to 56.9%. However, higher processing &...

Number of FII/FPI investors increased from 56 to 68 in Mar 2025 qtr.

Siyaram Silk Mills Ltd.

27 Jul 2017

694.25

-6.59%

Siyaram Silk Mills Limited

Hold: Siyaram Silk Mills Ltd.

ICICI Securities Limited

On account of better product mix (higher share of premium brands), gross margins expanded 370 bps YoY to 59.8%. However, increase in processing charges (up 131 bps YoY) and other expenses (up 266 bps YoY) led to decline in EBITDA margins by 30 bps YoY to 10.3%....

Number of FII/FPI investors increased from 56 to 68 in Mar 2025 qtr.

Siyaram Silk Mills Ltd.

26 Jul 2017

694.25

-6.59%

Siyaram Silks board approves stock split

Business Line

The board of Siyaram Silks on Wednesday, while considering its financial performance for the quarter ended June 30, approved sub-division of the face value its equity shares from 10 to 2. The board...

Siyaram Silk Mills Ltd. is trading above its 200 day SMA of 646.6

Siyaram Silk Mills Ltd.

02 Jun 2017

694.25

-6.59%

Siyaram Silk Mills Limited

Hold: Siyaram Silk Mills Ltd.

ICICI Securities Limited

Improvement in gross margins (up 340 bps YoY) and decline in employee expense (down 2% YoY), led to an expansion in EBITDA margins by 170 bps YoY to 13.7%. However, increase in processing charges (up 29.4% YoY) partly stemmed margin growth. Subsequently, absolute EBITDA grew 20.6% YoY to | 72.6 crore Decline in interest cost (down 44% YoY) coupled with higher other...

Siyaram Silk Mills Ltd. has lost -22.78% in the last 3 Months

Siyaram Silk Mills Ltd.

16 Apr 2017

694.25

-6.59%

Campaign Logic: Putting a new face to Siyaram's

Business Standard

With its series of TV commercials, textile major tries to project itself as a trendsetter in linen

Siyaram Silk Mills Ltd. has gained 42.44% in the last 6 Months

Siyaram Silk Mills Ltd.

06 Feb 2017

694.25

-6.59%

Siyaram Silk Mills Limited

Hold: Siyaram Silk Mills Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Siyaram Silk Mills (SSML) reported a subdued set of Q3FY17 numbers with revenues declining by 18% to | 338.9 crore. Gross margins improved substantially well to 58% in Q3FY17 vs. 48% in Q3FY16 as share of purchase of traded goods declined. However, increase in employee expenses as a percentage to sales (12.5% vs. 8.7% in Q3FY16), coupled with higher processing charges as a percentage to sales (10% vs. 8% in Q3FY16) dented the...

Siyaram Silk Mills Ltd. has lost -22.78% in the last 3 Months

Siyaram Silk Mills Ltd.

30 Jan 2017

694.25

-6.59%

Result Updates

Accumulate: Siyaram Silk Mills Ltd.

Recommendation

Angel Broking

Siyaram Silk Mills (SSML)' results for 3QFY2017 have come in below our estimates, both on top-line and bottom-line front, on back of lower volume growth due to weak consumer buying sentiments. Going forward, we expect SSML to report net sales CAGR of ~7% to ~Rs1,857cr and adj. net profit CAGR of ~9% to Rs103cr over FY2016-18E. The same wo..