NSE: SIYSIL | BSE: 503811

Mid-range Performer

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673.00 -1.90 (-0.28%)

42.72% Fall from 52W High

39,552 NSE+BSE Volume

NSE 12 Sep, 2025 3:31 PM (IST)

3,053.4

Market Cap

High in industry

1.5

Beta 1Year

Very 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: 5
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.

31 May 2018

673.00

-0.28%

Siyaram Silk Mills Limited

Buy: Siyaram Silk Mills Ltd.

Target

ICICI Securities Limited

EBITDA margins for the quarter improved significantly by 270 bps YoY to 16.4% (highest ever EBITDA margins), mainly on account of positive operating leverage (processing charges and other expense down 40 bps and 252 bps YoY, respectively). Subsequently, absolute EBITDA increased 35.0% YoY | 98 crore Higher depreciation (up 32% YoY to | 15.5 crore) and interest cost (up 153% YoY to | 12.2 crore), coupled with one-time exceptional...

Siyaram Silk Mills Ltd. has gained 36.94% in the last 1 Year

Siyaram Silk Mills Ltd.

30 May 2018

673.00

-0.28%

Result Updates

Buy: Siyaram Silk Mills Ltd.

Target

Angel Broking

For 4QFY2018, 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 ~12% yoy. On the operating front, the company reported operating margin improvement. On the bottom-line front, SSM reported growth of ~19% yoy to `52cr on the back of strong top-li..

Siyaram Silk Mills Ltd. is trading below its 100 day SMA of 682.8

Siyaram Silk Mills Ltd.

09 Feb 2018

673.00

-0.28%

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 15.69% in the last 1 Month

Siyaram Silk Mills Ltd.

02 Feb 2018

673.00

-0.28%

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. is trading above its 50 day SMA of 657.3

Siyaram Silk Mills Ltd.

22 Nov 2017

673.00

-0.28%

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 &...

Siyaram Silk Mills Ltd. is trading below its 100 day SMA of 682.8

Siyaram Silk Mills Ltd.

27 Jul 2017

673.00

-0.28%

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%....

Siyaram Silk Mills Ltd. is trading below its 100 day SMA of 682.8

Siyaram Silk Mills Ltd.

02 Jun 2017

673.00

-0.28%

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 gained 36.94% in the last 1 Year

Siyaram Silk Mills Ltd.

06 Feb 2017

673.00

-0.28%

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 gained 36.94% in the last 1 Year

Siyaram Silk Mills Ltd.

30 Jan 2017

673.00

-0.28%

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..