Sai Silks (Kalamandir) Ltd.

•

sskl.co.inBSE: 543989NSE: KALAMANDIR

Market Cap₹ 1,284 Cr.

Current Price

High / Low₹ 223 / 83

Stock P/E9.4

Book Value₹ 84

Price to Book1.06

Dividend Yield1.79 %

ROCE17.7 %

ROE11.8 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2016 • Retail: 99.9% • Wind Power: 0.1%

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company has delivered good profit growth of 94.0% CAGR over last 5 years
Company is almost debt free
Company has delivered good sales growth of 19.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.25x)
Stock looks reasonably valued - P/E of 9.4 is below its historical median
Company generates healthy free cash flow

CONS

Equity base is being diluted - shares outstanding up 22.5%
Growth is decelerating - 3Y profit CAGR (13.0%) trails the 5Y trend (94.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesRetailingRetailing

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DMART	3667.65	78.22	239221.00	0.00	860.44	11.34	18794.53	14.88	18.03	7.98
2.	TRENT	2789.70	82.24	148761.10	0.14	518.07	21.98	5754.71	17.84	36.73	19.45
3.	VMM	103.30	54.26	48394.07	0.00	258.77	25.57	3727.01	18.68	19.24	14.61
4.	METROBRAND	953.35	63.94	25987.63	0.63	95.26	-3.58	720.36	14.66	35.77	29.85
5.	ABLBL	83.94	58.21	10245.06	0.60	29.02	20.62	2045.74	11.15	27.34	15.06
6.	PNGJL	613.45	20.26	9030.14	0.00	105.33	51.91	2412.98	40.73	21.80	7.56
7.	V2RETAIL	218.55	44.61	7969.15	0.00	41.85	69.70	997.20	57.73	38.43	13.99
8.	MEDPLUS	658.55	37.59	7911.63	0.00	33.17	-21.67	1879.60	21.84	22.22	7.09
9.	AVL	604.25	56.15	7803.17	0.21	77.22	39.99	1192.68	26.85	20.82	10.44
10.	EMIL	192.05	35.84	7389.10	0.00	120.64	458.07	2418.95	39.07	11.84	9.88
11.	ETHOSLTD	2684.65	69.15	7183.50	0.00	28.66	50.71	461.71	33.32	13.70	12.97
12.	KALAMANDIR	83.74	23.60	1284.29	1.79	25.64	-14.70	375.08	-1.04	17.65	13.83

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	305	327	382	360	267	347	449	399	379	444	411	419	375
	260	272	324	305	248	292	370	340	322	372	341	358	346
Operating Profit	45	55	58	54	19	55	79	58	57	72	70	61	29
OPM %	14.65%	16.83%	15.22%	15.06%	7.08%	15.95%	17.59%	14.65%	15.07%	16.21%	17.08%	14.61%	7.66%
	3	2	10	8	7	6	6	5	6	5	4	5	6
Interest	14	14	14	11	10	10	10	10	8	7	7	8	8
Depreciation	11	12	12	12	13	13	13	14	14	15	16	14	15
Profit before Tax	22	32	42	39	3	39	62	39	40	54	51	44	34
Tax %	25.31%	26.10%	23.82%	25.59%	25.62%	38.96%	25.21%	65.75%	25.30%	26.34%	25.35%	25.47%	25.49%
Net Profit	17	23	32	29	2	24	46	14	30	40	38	33	26
	1.40	1.92	2.23	1.95	0.14	1.61	3.12	0.92	2.04	2.72	2.59	2.22	1.74

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	540	692	1,044	1,176	677	1,129	1,351	1,374	1,462	1,654	1,650
	493	638	961	1,072	615	991	1,132	1,154	1,244	1,386	1,418
Operating Profit	47	53	83	104	62	138	219	219	218	268	232
OPM %	8.78%	7.72%	7.91%	8.82%	9.21%	12.24%	16.23%	15.96%	14.92%	16.18%	14.08%
	0	0	1	3	2	4	8	24	24	19	19
Interest	17	18	20	28	27	34	52	60	47	38	31
Depreciation	8	9	14	26	29	31	41	48	53	59	60
Profit before Tax	23	27	49	53	7	77	134	135	143	190	184
Tax %	37.99%	42.72%	38.06%	21.13%	29.78%	25.36%	26.94%	25.10%	40.17%	25.66%	25.70%
Net Profit	14	15	30	42	5	58	98	101	85	141	137
EPS	6.14	6.63	12.95	3.59	0.43	4.79	8.11	6.85	5.79	9.56	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.61%	17.26%	15.68%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 20%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: 27%
5 Years:: 94%
3 Years:: 13%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -52%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 17%
3 Years:: 11%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	23	23	23	24	24	24	29	29	29
	116	135	166	208	219	277	373	1,033	1,102	1,231
	100	102	158	209	244	310	482	436	378	338
Trade Payables	26	80	142	170	108	129	230	59	27	164
	34	52	76	82	71	103	112	84	104	87
Total Liabilities	298	392	566	693	665	842	1,220	1,642	1,641	1,849
	82	113	152	251	225	249	379	414	465	583
Capital Work in Progress	0	0	0	0	2	0	0	2	0	1
	175	226	341	372	367	476	690	723	778	816
	0	0	0	0	0	0	0	3	3	2
Cash & Bank	2	2	21	23	23	47	50	402	295	348
	39	51	52	47	48	70	102	97	100	98
Total Assets	298	392	566	693	665	842	1,220	1,642	1,641	1,849

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	50	66	38	109	-10	48	87	-21	107	323
Cash from Investing	-27	-49	-47	-47	-18	-42	-60	-332	118	-153
Cash from Financing	-17	-10	37	-45	19	1	15	393	-184	-236
	1	0	19	-7	-14	4	-4	40	41	-66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.80	60.80	60.87	60.97	60.97	60.97	60.97	60.97
	3.29	3.26	3.17	3.44	3.85	1.47	0.56	0.62
	16.16	15.41	15.74	12.38	11.23	8.21	8.55	6.28
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.75	20.53	20.23	23.21	23.95	29.35	29.93	32.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-15

General Updates

2026-08-15 - Sai Silks (Kalamandir) Limited has informed the Exchange about General Updates

2026-08-13

General Updates

2026-08-13 - Sai Silks (Kalamandir) Limited has informed the Exchange about General Updates

2026-08-11

Shareholders meeting

2026-08-11 - Sai Silks (Kalamandir) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 10, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-11

Shareholders meeting

2026-08-11 - Sai Silks (Kalamandir) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 10, 2026

2026-08-08

General Updates

2026-08-08 - Sai Silks (Kalamandir) Limited has informed the Exchange about General Updates

2026-08-07

General Updates

2026-08-07 - Sai Silks (Kalamandir) Limited has informed the Exchange about General Updates

2026-08-04

General Updates

2026-08-04 - Sai Silks (Kalamandir) Limited has informed the Exchange about Corrigendum to the Notice of 18th AGM

2026-07-30

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Sai Silks (Kalamandir) Limited has informed the Exchange about Schedule of meet

2026-07-23

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-23 - Sai Silks (Kalamandir) Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for KALAMANDIR

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