NSE: SIYSIL | BSE: 503811 | ASM

Mid-range Performer

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635.40 30.25 (5.00%)

45.92% Fall from 52W High

24,063 NSE+BSE Volume

NSE 18 Mar, 2025 3:31 PM (IST)

2,882.8

Market Cap

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 Securities Limited and published by - Trendlyne research reports.
Item: Siyaram Silk Mills Ltd.
Rating: 3
Author: ICICI Securities Limited

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

Siyaram Silk Mills Ltd.

29 Jan 2020

635.40

5.00%

Siyaram Silk Mills Limited

Hold: Siyaram Silk Mills Ltd.

Recommendation Target

ICICI Securities Limited

Given the subdued market conditions, the working capital cycle may witness certain deterioration owing to higher inventory days. However, SSML continues to focus on stringent control on cash conversion cycles through better management of receivable days. Also, with no major capex plans in the near term, debt is expected to remain at levels similar to FY19 for the current fiscal. We roll over our estimates to FY22E and build in revenue and earnings CAGR of 4.2%, 10.4% YoY, respectively, in FY19-22E. We expect revenue growth to remain under pressure owing to challenging market...

Siyaram Silk Mills Ltd. is trading below its 30 day SMA of 659.8

Siyaram Silk Mills Ltd.

22 Oct 2019

635.40

5.00%

Siyaram Silk Mills Ltd

Siyaram Silk Mills Ltd.

Angel Broking

For 2QFY2020, Siyaram Silk Mills (SSML) posted results in-line with our expectations on both top-line and bottom-line fronts. Revenue grew ~6% yoy. On the margin front, the companys operating margin contracted by 217bps yoy. On the bottom-line front, SSML reported PAT growth of ~23% yoy to ~`30cr due to lower taxes. Outlook and Valuation: Going

Number of FII/FPI investors increased from 47 to 56 in Dec 2024 qtr.

Siyaram Silk Mills Ltd.

16 Aug 2019

635.40

5.00%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

Uptick in festive season to be critical for Siyaram The management highlighted that market conditions remained sluggish post implementation of GST while normalisations at the dealer's level took longer than anticipated. Despite higher number of wedding days in Q1FY20, revenue growth continued to remain muted. Upcoming festive season and stabilisation of trade channels remain critical triggers for green shoots in revenues. Furthermore, the company may have to increase its marketing spends to revive sales growth leading to pressure on operating margins. We...

Siyaram Silk Mills Ltd. has lost -43.16% in the last 3 Months

Siyaram Silk Mills Ltd.

23 May 2019

635.40

5.00%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

ICICI Securities Limited

FY19 was a challenging year for the company with moderate topline growth of 4.8% YoY to | 1816.2 crore. The management highlighted that market conditions remained sluggish post implementation of GST while normalisations at dealer's level took longer than anticipated. To address this issue, the management had to invest in marketing spends and trim its average realisations especially for garmenting segment. This translated into 90 bps margin contraction to 13.2% YoY in FY19. With stabilisation of trade channels and higher number of wedding dates in FY20, we expect revenue...

Siyaram Silk Mills Ltd. has gained 25.90% in the last 6 Months

Siyaram Silk Mills Ltd.

01 Feb 2019

635.40

5.00%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research SSML reported decent revenue growth of 13.4% YoY to | 446.3 crore despite market conditions remaining subdued. The fabric division grew 13% YoY to | 332 crore while growth in the garmenting segment grew marginally by 1.4% YoY to | 87 crore. Revenues from the yarn segment grew 3.4x to | 16 crore mainly due to commencement of production of its dyed yarn (indigo) facility Gross margins for the quarter contracted significantly by 265 bps...

Siyaram Silk Mills Ltd. is trading below its 30 day SMA of 659.8

Siyaram Silk Mills Ltd.

30 Jan 2019

635.40

5.00%

Siyaram Silk Mills Ltd

Buy: Siyaram Silk Mills Ltd.

Angel Broking

For 3QFY2019, Siyaram Silk Mills (SSML) posted subdued results, which were below our expectations on bottom-line fronts. Revenue grew ~13% yoy. On the margin front, the company reported operating margin contraction by 98bps yoy. On the bottom-line front, SSML reported de-growth of ~11% yoy to ~`20cr due to subdued top-line growth. Outlook and Valuation:

Siyaram Silk Mills Ltd.'s price crossed above 200Day SMA today

Siyaram Silk Mills Ltd.

19 Nov 2018, 12:00AM

635.40

5.00%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

Key financials *EPS adjusted post stock split Revenues for the quarter grew at a moderate pace of 8.5% YoY to | 458.7 crore. Fabric and garmenting division grew 5% each YoY to | 298 crore and | 132 crore, respectively. Revenues from the yarn segment grew 4x to | 18 crore mainly owing to commencement of...

Number of FII/FPI investors increased from 47 to 56 in Dec 2024 qtr.

Siyaram Silk Mills Ltd.

15 Nov 2018

635.40

5.00%

Result Updates

Buy: Siyaram Silk Mills Ltd.

Target

Angel Broking

For 2QFY2019, Siyaram Silk Mills (SSML) posted subdued set of results, which were below our expectations on both, top-line as well as bottom-line fronts. Revenue grew ~9% yoy. On the margin front, the company reported operating margin contraction by 173bps yoy. On the bottom-line front, SSML reported de-growth of ~11% yoy to ~`27cr due to..

Number of FII/FPI investors increased from 47 to 56 in Dec 2024 qtr.

Siyaram Silk Mills Ltd.

20 Aug 2018

635.40

5.00%

Result Updates

Buy: Siyaram Silk Mills Ltd.

Target

Angel Broking

For 1QFY2019, Siyaram Silk Mills (SSML) posted subdued set of results, which were below our expectations on both, top-line as well as bottom-line fronts. Revenue was flat yoy, however, the company reported operating margin improvement. On the bottom-line front, SSML reported de-growth of ~4% yoy to ~`10cr due to subdued top-line growth. O..

Siyaram Silk Mills Ltd. has lost -43.16% in the last 3 Months

Siyaram Silk Mills Ltd.

17 Aug 2018

635.40

5.00%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

Better gross margins (up 50 bps YoY) and lower other expense as a percentage of sales (down 75 bps YoY) led to EBITDA margin improvement of 20 bps YoY to 10.5%. However, higher employee & processing charges as a percentage of sales (up 62 bps, 40 bps, respectively) stemmed the margin expansion. Subsequently, absolute EBITDA grew 2.7% YoY to | 34 crore Though other income rose 84% YoY to | 7.7 crore, higher interest cost (up 77% to | 11 crore) and increase in depreciation (up 4% YoY...

Siyaram Silk Mills Ltd. is trading above its 200 day SMA of 631.9

No results found

Is Siyaram Silk Mills Ltd. worth buying?

134 Votes:

Buy 85.07%

Sell 7.46%

Hold 7.46%