NSE: SIYSIL | BSE: 503811

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693.80 27.15 (4.07%)

40.95% Fall from 52W High

82,575 NSE+BSE Volume

NSE 11 Apr, 2025 3:31 PM (IST)

3,147.8

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High in industry

1.2

Beta 1Year

High Volatility

Siyaram Silk Mills Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for SIYSIL, BSE:503811 Siyaram Silk Mills Ltd.

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Siyaram Silk Mills Ltd.

18 May 2023

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Direct

Siyaram Silk Mills Ltd.'s price crossed above 50Day SMA today

Siyaram Silk Mills Ltd.

10 Aug 2022

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Direct

Siyaram Silk Mills Ltd. is trading above its 200 day SMA of 649.5

Siyaram Silk Mills Ltd.

11 May 2022

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

ICICI Direct

Siyaram Silk Mills Ltd. has gained 31.70% in the last 6 Months

Siyaram Silk Mills Ltd.

31 Jan 2022

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

Siyaram's brand portfolio consists of reputed brands like Siyaram (flagship brand), Oxemberg, MSD and J Hampstead Over the last decade, the company has gradually expanded its fabric and garment capacities and simultaneously managed to reduce the debt/equity from 1.0x in FY12 to 0.2x in FY21 Q3FY22 Results: SSML reported a strong revenue recovery with a significant...

Siyaram Silk Mills Ltd.'s price crossed above 50Day SMA today

Siyaram Silk Mills Ltd.

27 Oct 2021

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

Siyaram brand portfolio consists of reputed brands like Siyaram (flagship brand), Oxemberg, MSD and J Hampstead Over the last decade, the company has gradually expanded its fabric and garment capacities and simultaneously managed to reduce the debt/equity...

Siyaram Silk Mills Ltd. is trading above its 200 day SMA of 649.5

Siyaram Silk Mills Ltd.

12 Aug 2021, 12:00AM

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

Siyaram Silk Mills Ltd.'s price crossed above 50Day SMA today

Siyaram Silk Mills Ltd.

28 May 2021

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

In FY21, Siyaram re-engineered its cost structure with significant rationalisation of overheads including marketing spends. Operating overheads declined 42% YoY in FY21. The management expects 25% of cost savings to be sustainable in nature, going forward. Gross margins (including processing charges) deteriorated by ~820 bps YoY to 35% mainly on account of higher liquidation discounts and schemes given to dealers and distributors. We expect gross margins to revert to normalised levels in FY22E. With a complete washout in Q1 (87% revenue decline), Siyaram...

Siyaram Silk Mills Ltd. has gained 47.24% in the last 1 Year

Siyaram Silk Mills Ltd.

03 Feb 2021

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

The demand for fabrics is gradually inching towards normalisation levels and given Siyaram's strong brand patronage and distribution network (which mainly encompasses Tier II/III cities), it is well placed to capture market share opportunities in the segment. The garmenting division (15% of sales) on the other hand, is still not out of the woods as inventory in trade channels appears to be on the higher side. This led to lower flow of new orders from dealers/distributors. For YTDFY21, revenue declined 52% YoY to | 597 crore. The company has re-engineered its cost structure with...

Siyaram Silk Mills Ltd. has gained 47.24% in the last 1 Year

Siyaram Silk Mills Ltd.

09 Nov 2020

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

Given the weak demand scenario for fabric and apparel categories in domestic markets and excess inventory in trade channels, Siyaram (SSML) reported revenue decline of 64.4% YoY to | 173.6 crore (up 3.2x QoQ). However, the recovery rate trajectory has been on an upward trend MoM. Green shoots are visible for the fabric division (~80% of revenues), wherein recovery rate in September reached 60-70% of pre-Covid levels. Garmenting segment continued to be a laggard with recovery rate reaching 30-40% in September. Gross margins (including processing charges)...

Siyaram Silk Mills Ltd.'s price crossed above 50Day SMA today

Siyaram Silk Mills Ltd.

30 Jun 2020

693.80

4.07%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Recommendation Target

ICICI Securities Limited

Tepid consumption demand across product categories and a challenging Q4FY20 led to overall topline de-growth of 6.4% YoY to | 1699.3 crore in FY20. On the segmental front, fabrics division (~74% of revenues) de-grew 4% YoY whereas garmenting segment (~20% of revenues) saw revenue degrowth of 14% YoY to | 350.0 crore. Higher competitive intensity and subsequent lower realisation weighed on the performance of garmenting segment. As on date, trading channels are stuck with excess inventory. Hence, primary sales are expected to pick up only when the cash cycle starts to improve. On the profitability front, price cuts and higher trade discounts...

Siyaram Silk Mills Ltd. is trading below its 100 day SMA of 780.4

Is Siyaram Silk Mills Ltd. worth buying?

135 Votes:

Buy 85.19%

Sell 7.41%

Hold 7.41%