As of 6 Nov 2026, Sai Silks (Kalamandir) trades at 9.6× trailing earnings, below the industry P/E of 35.3×, and the shares are 51% below their 52-week high. It earns ROCE of 14% and ROE of 12%, and sales and net profit grew 7.0% and 13% a year over 3 years. Its dividend yield is 2.2%, and debt is 0.29× equity. It is a small-cap company with a market cap of ₹1,312 Cr, ranked 9th of 14 Apparel Retail companies by market cap; the shares fell 54% over the past year.
- ₹80.00
- ₹91.97
- ₹77.86
- ₹81.11
- 1.8 Cr
Health check
- ReturnsBehind
−54.1% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 9.6 vs industry 35.3.
- GrowthSlow
Sales +7.0%, profit +13.0% a year over 3 years.
- ProfitabilityAverage
ROCE 13.7% vs peer median 16.5%.
- Balance sheetSolid
Debt 0.29× equity, interest covered 7.1×, Piotroski 7 of 9.
- Red flags3 to check
Quarterly profit down 14.7% on a year ago.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹1,312 Cr
- Small cap
- P/E
- 9.6
- Industry 35.3
- Price to book
- 1.08
- Peers 7.01
- Dividend yield
- 2.22%
- ROE
- 11.8%
- Peers 16.5%
- ROCE
- 13.7%
- Peers 16.5%
- Debt to equity
- 0.29
- Debt ₹361 Cr
- EPS (TTM)
- ₹9.27
- Face value ₹2
- OPM (TTM)
- 15.2%
- Net margin 8.3%
- Sales growth
- −1.0%
- Latest quarter vs a year ago
- Profit growth
- −14.7%
- Latest quarter vs a year ago
- Price to sales
- 0.80
- EV/EBITDA 4.5
Strengths and risks
Strengths
- Dividend yield of 2.22%.
- P/E of 9.6 against an industry P/E of 35.3.
Risks to check
- Quarterly profit down 14.7% on a year ago.
- Quarterly sales down 1.0% on a year ago.
- 51% below its 52-week high.
About Sai Silks (Kalamandir)
Sai Silks (Kalamandir) Limited engages in the retail sale of apparel in India. The company offers sarees, lehengas, men's ethnic wear, children's ethnic wear, and fashion apparel for weddings, festive occasions, celebrations, and everyday wear, as well as silver jewellery through Rasamayi Jewellery. It operates through retail and departmental stores facilities in various formats under the Kalamandir, Kancheepuram Varamahalakshmi Silks, Mandir, KLM Fashion…
- Headquarters
- Hyderabad
- Employees
- 6,315
- Sector
- Consumer Cyclical
- ISIN
- INE438K01021
- Website
- sskl.co.in
Price range
- Avg volume (3M)
- 8.8 L
- 1-year return
- minus 54.1%
- From 52-week high
- minus 50.5%
Peers · Apparel Retail
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRENTTrent | 3,079.00 | plus 0.79% | 1,64,182 | 86.6 | 21.13 | 28.2% | 27.1% | 19.2% | 34.7% | 57.0% | 0.13% | minus 34.5% |
| METROBRANDMetro Brands | 824.55 | minus 2.74% | 22,477 | 54.4 | 10.75 | – | 21.2% | 30.1% | – | – | 0.73% | minus 25.0% |
| ABLBLAditya Birla Lifestyle Brands | 76.99 | minus 0.65% | 9,351 | 46.9 | 6.48 | 13.2% | 15.0% | 39.5% | – | – | 0.65% | minus 43.5% |
| V2RETAILV2 Retail | 173.50 | plus 7.54% | 6,326 | 34.2 | 7.01 | 20.6% | 26.0% | 14.8% | 54.1% | – | 0.00% | minus 34.2% |
| ARVINDFASNArvind Fashions | 342.85 | minus 3.27% | 4,585 | 34.7 | 4.86 | 19.6% | 16.5% | 13.2% | 9.0% | 49.4% | 0.47% | minus 35.3% |
| PERNIASPOPPurple Style Labs | 491.05 | minus 5.39% | 3,931 | – | 8.35 | −65.6% | −901.4% | −21.4% | 14.7% | – | 0.00% | minus 13.6% |
| STYLEBAAZABaazar Style Retail | 390.75 | plus 4.84% | 3,092 | 62.1 | 6.47 | 13.5% | 11.0% | 4.1% | 32.7% | 109.4% | 0.00% | plus 11.9% |
| KALAMANDIRSai Silks (Kalamandir) | 89.05 | plus 9.79% | 1,312 | 9.6 | 1.08 | 13.7% | 11.8% | 9.9% | 7.0% | 13.0% | 2.22% | minus 54.1% |
| Median of 7 peers | – | −0.65% | 6,326 | 50.6 | 7.01 | 16.5% | 16.5% | 14.8% | 32.7% | 57.0% | 0.13% | −34.2% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 399 | 379 | 411 | 419 | 375 | |
| – | – | – | +5.1% | minus 1.0% | |
| 340 | 322 | 341 | 358 | 323 | |
| 58.4 | 57.1 | 70.2 | 61.2 | 51.9 | |
| 14.6% | 15.1% | 17.1% | 14.6% | 13.8% | |
| 5.4 | 5.7 | 4 | 4.7 | 5.7 | |
| 10.4 | 8.4 | 7.3 | 8.2 | 8.3 | |
| 14 | 14.2 | 15.8 | 13.9 | 14.8 | |
| 39.5 | 40.2 | 51.1 | 43.8 | 34.4 | |
| 65.8% | 25.3% | 25.3% | 25.5% | 25.5% | |
| 13.5 | 30.1 | 38.1 | 32.7 | 25.6 | |
| – | – | – | +141.7% | minus 14.7% | |
| 0.92 | 2.04 | 2.59 | 2.22 | 1.74 |
Profit & loss
- Sales CAGR 3Y
- +7.0%
- Profit CAGR 3Y
- +13.0%
- EPS CAGR 3Y
- +14.5%
- ROE
- 11.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,351 | 1,374 | 1,462 | 1,654 | |
| – | +1.6% | +6.4% | +13.1% | |
| 1,132 | 1,154 | 1,244 | 1,386 | |
| 219 | 219 | 218 | 268 | |
| 16.2% | 16.0% | 14.9% | 16.2% | |
| −1.4 | 15.3 | 17.2 | 12.1 | |
| 43.4 | 51.9 | 40 | 31.1 | |
| 41 | 47.9 | 52.7 | 59 | |
| 0 | 0 | 0.1 | −0.1 | |
| 134 | 135 | 143 | 190 | |
| 26.9% | 25.1% | 40.2% | 25.7% | |
| 97.6 | 101 | 85.4 | 141 | |
| – | +3.4% | minus 15.3% | +65.0% | |
| 6.36 | 7.51 | 5.80 | 9.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.1 | 29.5 | 29.5 | 29.5 | |
| 373 | 1,033 | 1,102 | 1,231 | |
| 526 | 464 | 405 | 361 | |
| 297 | 114 | 104 | 227 | |
| 1,220 | 1,642 | 1,641 | 1,849 | |
| 380 | 429 | 479 | 599 | |
| 6.4 | 18.2 | 14.6 | 15.6 | |
| – | 31.8 | 33.2 | 33.8 | |
| 50 | 402 | 295 | 348 | |
| 784 | 761 | 820 | 852 | |
| 1,220 | 1,642 | 1,641 | 1,849 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 41.2 | −21.5 | 107 | 323 | |
| −60.1 | −332 | 118 | −153 | |
| 14.9 | 393 | −184 | −236 | |
| −4 | 39.7 | 41 | −65.9 | |
| −60.1 | −41.2 | −52.5 | −50.6 | |
| −18.9 | −62.7 | 54.3 | 272 | |
| – | – | −14.7 | −14.7 |
Shareholding pattern
- Promoters60.97%
- Public35.11%
- Employee trusts3.92%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 60.97% | 35.11% | 0.00 | |
| 30 Jun 2026 | 60.97% | 35.11% | 0.00 | |
| 31 Mar 2026 | 60.97% | 35.11% | 0.00 | |
| 31 Dec 2025 | 60.97% | 35.11% | 0.00 | |
| 30 Sep 2025 | 60.97% | 35.11% | – |
Major shareholders
Filings & events
News
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