MarketFriction

Sai Silks (Kalamandir) Ltd

NSE KALAMANDIR · BSE 543989 · Speciality Retail
₹74.37 -2.49%
NSE close2026-10-01
52 week range75.37 - 223.03
Market cap₹1,169 Cr.
P/E8.56
IPO 2023 · -66% since Price band 20% Delivery 51.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales327382360267347449399379444411419375
Expenses272324305248292370340322372341358323
Operating Profit555854195579585772706152
OPM %17%15%15%7%16%18%15%15%16%17%15%14%
Other Income2108766565456
Interest1414111010101087788
Depreciation121212131313141415161415
Profit before tax32423933962394054514434
Tax %26%24%26%26%39%25%66%25%26%25%25%25%
Net Profit23322922446143040383326
EPS in Rs1.522.091.870.141.553.000.881.962.612.492.131.67
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6921,0441,1766771,1291,3511,3741,4621,6541,650
Expenses6389611,0726159911,1321,1541,2441,3861,394
Operating Profit538310462138219219218268255
OPM %8%8%9%9%12%16%16%15%16%15%
Other Income01324723241919
Interest18202727345260473831
Depreciation9142629314148535960
Profit before tax274953777134135143190184
Tax %43%38%21%30%25%27%25%40%26%
Net Profit1530425589810185141137
EPS in Rs6.5412.9317.952.1323.977.726.585.579.198.90
Dividend Payout %0%0%0%0%0%0%15%17%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%20%7%5%
Compounded Profit Growth%94%13%20%
Stock Price CAGR%%-33%-50%
Return on Equity%13%11%12%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232323242424292929
Reserves1351662082192773731,0331,1021,231
Borrowings112172233279347526464405361
Other Liabilities121205229143195297114104227
Total Liabilities3925666936658421,2201,6421,6411,849
Fixed Assets113152251225249379414465583
CWIP000200201
Investments000000000
Other Assets2794144424385938411,2251,1751,265
Total Assets3925666936658421,2201,6421,6411,849
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity593085-154641-21107323
Cash from Investing Activity-49-47-47-18-42-60-332118-153
Cash from Financing Activity-1037-4519115393-184-236
Net Cash Flow019-7-144-44041-66
Free Cash Flow19-2438-2120-19-6354272
CFO/OP123%45%105%-16%34%40%12%67%147%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days221111111
Inventory Days163170160300236306324334311
Days Payable5871738864102271162
Cash Conversion Cycle10710187213172205298323249
Working Capital Days171712463449114145139
ROCE %22%20%7%19%24%16%12%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.80%60.80%60.80%60.80%60.80%60.80%60.87%60.97%60.97%60.97%60.97%60.97%
FIIs7.11%4.59%3.32%2.86%3.29%3.26%3.17%3.44%3.85%1.47%0.56%0.62%
DIIs18.85%19.83%20.42%19.12%16.16%15.41%15.74%12.38%11.23%8.21%8.55%6.28%
Public9.32%10.86%11.54%13.31%15.82%16.60%16.31%19.29%20.03%25.43%26.02%28.23%
Others3.92%3.92%3.92%3.92%3.92%3.92%3.92%3.92%3.92%3.92%3.92%3.92%
No. of Shareholders59,65644,96949,08950,87655,29659,49959,00259,80056,47068,44763,06463,844

Fundamentals

Market Cap₹ 1,169 Cr.
Current Price₹ 76.2
Stock P/E8.56
Book Value₹ 82.2
ROCE14.4 %
ROE11.8 %
Dividend Yield1.97 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)20%
Standalone figures.
Valuation
Market capRs 1,096 Cr
Enterprise valueRs 1,206 Cr
P/E (TTM)8.03x
Price to book0.97x
Price to sales0.66x
EV / EBITDA4.40x
EV / EBIT5.62x
EV / sales0.73x
Price to cash flow10.26x
Earnings yield12.46%
Dividend yield1.35%
P/E, 3-year average26.00x
P/B, 3-year average2.25x
P/E, 5-year average26.00x
P/B, 5-year average2.25x
Profitability
Operating margin (excl. other income)14.92%
Operating margin (incl. other income)16.57%
EBITDA margin16.62%
Pre-tax margin11.14%
Net profit margin8.27%
Net margin, latest quarter6.84%
ROE7.78%
ROCE12.37%
ROA5.20%
ROE, 3-year average16.52%
ROCE, 3-year average17.31%
ROA, 3-year average7.24%
ROE, 5-year average14.59%
ROCE, 5-year average15.59%
ROA, 5-year average6.02%
ROIC (approx.)10.33%
Tax rate40.17%
Other income / net worth2.13%
Growth
Sales growth (latest year)6.44%
Profit growth (latest year)-15.35%
Sales CAGR, 3 years8.99%
Sales CAGR, 5 years4.46%
Profit CAGR, 3 years13.96%
Profit CAGR, 5 years15.19%
Sales growth QoQ-10.49%
Profit growth QoQ-21.47%
Sales growth YoY (latest quarter)-1.04%
Profit growth YoY (latest quarter)-14.68%
Per share
EPS (TTM)Rs 9.26
EPS (latest year)Rs 5.79
EPS (latest quarter)Rs 1.74
EPS, 3-year averageRs 6.92
EPS, 5-year averageRs 9.37
Book value per shareRs 76.81
Sales per shareRs 111.96
Cash flow per shareRs 7.25
Free cash flow per shareRs 18.46
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout17.26%
Dividend payout, 3-year average15.94%
Dividend payout, 5-year average15.94%
Efficiency
Asset turnover0.89x
Fixed asset turnover3.14x
Inventory turnover1.16x
Inventory days314 days
Debtor days1 days
Debtors turnover582.47x
Creditor days62 days
Cash conversion cycle249 days
Working capital days139 days
Leverage
Total debtRs 405 Cr
Cash and bankRs 295 Cr
Net debtRs 110 Cr
Debt to equity0.36x
Net debt / EBITDA0.40x
Interest coverage6.96x
Current ratio (filing 2026-03-31)5.18x
Quick ratio (filing 2026-03-31)1.70x
Trade payables (filing 2026-03-31)Rs 164 Cr
Owners' fund to total sources68.98%
Debt to assets24.69%
Cash flow
Cash from Operating Activity (latest year)Rs 107 Cr
Cash from Investing Activity (latest year)Rs 118 Cr
Cash from Financing Activity (latest year)Rs -184 Cr
Net Cash Flow (latest year)Rs 41 Cr
Free cash flow (latest year)Rs 272 Cr
FCFE (approx.: FCF + change in debt)Rs 213 Cr
Cash from ops / profit, 5 years1.03x
Sales to cash flow13.69x
Statement figures
Net sales (TTM)Rs 1,650 Cr
Net sales (latest year)Rs 1,462 Cr
Sales (latest quarter)Rs 375 Cr
Operating profit excl. other income (latest year)Rs 218 Cr
Operating profit (latest quarter)Rs 52 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs 274 Cr
PBDT (TTM)Rs 243 Cr
Profit before tax (TTM)Rs 184 Cr
Tax (latest year)Rs 57 Cr
Net profit (TTM)Rs 137 Cr
Net profit (latest year)Rs 85 Cr
Net profit (latest quarter)Rs 26 Cr
Depreciation (TTM)Rs 60 Cr
Depreciation (latest quarter)Rs 15 Cr
Interest (TTM)Rs 31 Cr
Cost of goods sold (latest year)Rs 905 Cr
Total expenditure (latest year)Rs 1,244 Cr
Total income (latest year)Rs 1,486 Cr
Share capitalRs 29 Cr
ReservesRs 1,102 Cr
Shareholders' fundsRs 1,132 Cr
Total assetsRs 1,641 Cr
Net blockRs 465 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 3 Cr
InventoryRs 778 Cr
Other liabilitiesRs 104 Cr
Shares outstanding (crore)14.73
Ownership
Promoter holding60.97% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.0 is the lowest in its own 3.2-year history (median 23.7, low 8.0, high 75.1).
P/B 0.97 is the lowest in 3.2 years (median 4.71).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKALAMANDIRNifty 50Difference
1 week-5.2%-2.8% -2.4 pts
1 month-13.1%-6.8% -6.3 pts
3 months-29.7%-7.6% -22.1 pts
6 months-17.6%+0.4% -18.0 pts
1 year-51.9%-9.9% -42.0 pts
2 years-60.8%-13.6% -47.2 pts
3 years-70.6%+14.2% -84.8 pts
5 mutual fund schemes hold about ₹51 Cr. Over three months 1 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Multicap Fund0.12%29 -35%
Quant Small Cap Fund0.05%18 +4%
HDFC Dividend Yield Fund0.07%4 +13%
ICICI Pru Bharat Consumption Fund0.00%0 -100%
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 45% of net profit over the last 3 years
explainShare dilution Share count up 0% in a year, 537% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹375 Cr -1.1% vs Jun 2025. Net profit ₹26 Cr -13.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-03Dividend - Rs 1.50 Per Share
2025-08-22Dividend - Re 1 Per Share
2024-09-20Dividend - Re 1 Per Share
DateTypeWhat it says
2026-10-01Updates.
2026-09-29AppointmentAppointment of Ms Shilpa Kotagiri as Company Secretary & Compliance Officer of the company w.e.f. October 01, 2026.
2026-09-29Board meeting outcomeOutcome of Board Meeting held on September 29, 2026.
2026-09-23Concall / analyst meetSchedule of meet
2026-09-16ResignationResignation of Director/KMP/SMP
2026-09-16Change in Company Secretary/Resignation of Mr. Matte Koti Bhaskara Teja Company Secretary/Compliance Officer
2026-08-15General UpdatesGeneral Updates
2026-08-13General UpdatesGeneral Updates
2026-08-11Shareholder meetingVoting results.
2026-08-11Shareholder meetingProceedings of Annual General Meeting held on August 10, 2026
2026-08-08General UpdatesGeneral Updates
2026-08-07General UpdatesGeneral Updates
2026-08-04General UpdatesCorrigendum to the Notice of 18th AGM
2026-07-30Concall / analyst meetSchedule of meet
2026-07-23Concall / analyst meetTranscript
2026-07-23Concall / analyst meetSchedule of meet
2026-07-20Concall / analyst meetSchedule of meet
2026-07-17General UpdatesGeneral Updates
2026-07-17Shareholder meetingNotice of Annual General Meeting to be held on August 10, 2026
2026-07-16Concall / analyst meetLink of Recording
2026-07-16Monitoring Agency ReportQ1 FY 27 Monitoring agency report
2026-07-15Investor PresentationInvestor Presentation
2026-07-15Record DateRecord date for the purpose of Dividend is 03-Aug-2026.
2026-07-15Board meeting outcomeSai Silks (Kalamandir) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-11Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of Sai Silks (Kalamandir) Ltd?

Sai Silks (Kalamandir) Ltd (KALAMANDIR) has a market capitalisation of Rs 1,169 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sai Silks (Kalamandir) Ltd?

Sai Silks (Kalamandir) Ltd trades at a P/E of 8.56 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sai Silks (Kalamandir) Ltd's latest quarterly results?

In the Jun 2026 quarter, Sai Silks (Kalamandir) Ltd sales was Rs 375 Cr (-1.1% vs Jun 2025) and net profit was Rs 26 Cr.

What is the 52-week high and low of Sai Silks (Kalamandir) Ltd?

The 52-week high is Rs 223.03 and the 52-week low is Rs 75.37.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03