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Siyaram Silk Mills

NSEI:SIYSIL
Snowflake Description

Proven track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIYSIL
NSEI
₹16B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Siyaram Silk Mills Limited manufactures and sells fabrics and readymade garments in India. The last earnings update was 213 days ago. More info.


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SIYSIL Share Price and Events
7 Day Returns
-1.4%
NSEI:SIYSIL
-1.4%
IN Luxury
-2.4%
IN Market
1 Year Returns
-48.1%
NSEI:SIYSIL
-8%
IN Luxury
-8.9%
IN Market
SIYSIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Siyaram Silk Mills (SIYSIL) -1.4% -2.2% -7.5% -48.1% 74.1% 517.4%
IN Luxury -1.4% -1.1% -1.9% -8% 50.1% 192.3%
IN Market -2.4% -4.4% -3.4% -8.9% 41.8% 80.3%
1 Year Return vs Industry and Market
  • SIYSIL underperformed the Luxury industry which returned -8% over the past year.
  • SIYSIL underperformed the Market in India which returned -8.9% over the past year.
Price Volatility
SIYSIL
Industry
5yr Volatility vs Market

Value

 Is Siyaram Silk Mills undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Siyaram Silk Mills to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Siyaram Silk Mills.

NSEI:SIYSIL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SIYSIL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 35%) (35.98%))
0.709
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for NSEI:SIYSIL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Siyaram Silk Mills is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SIYSIL DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 948.00 1,310.00 1,072.00 1,159.22 1,253.54
Source Analyst x1 Analyst x1 Analyst x1 Est @ 8.14% Est @ 8.14%
Present Value
Discounted (@ 13.51%)
835.17 1,016.72 732.98 698.28 665.22
Present value of next 5 years cash flows ₹3,948.38
NSEI:SIYSIL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹1,253.54 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹22,620.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹22,620.53 ÷ (1 + 13.51%)5
₹12,004.17
NSEI:SIYSIL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹3,948.38 + ₹12,004.17
₹15,952.55
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹15,952.55 / 46.87
₹340.46
NSEI:SIYSIL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:SIYSIL represents 1.00029x of BSE:503811
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00029x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 340.36 x 1.00029
₹340.46
Value per share (INR) From above. ₹340.46
Current discount Discount to share price of ₹340.10
= -1 x (₹340.10 - ₹340.46) / ₹340.46
0.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Siyaram Silk Mills is available for.
Intrinsic value
0%
Share price is ₹340.1 vs Future cash flow value of ₹340.46
Current Discount Checks
For Siyaram Silk Mills to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Siyaram Silk Mills's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Siyaram Silk Mills's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Siyaram Silk Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Siyaram Silk Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SIYSIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹23.64
BSE:503811 Share Price ** BSE (2019-02-15) in INR ₹340
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.58x
India Market PE Ratio Median Figure of 2,731 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Siyaram Silk Mills.

NSEI:SIYSIL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:503811 Share Price ÷ EPS (both in INR)

= 340 ÷ 23.64

14.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Siyaram Silk Mills is overvalued based on earnings compared to the IN Luxury industry average.
  • Siyaram Silk Mills is good value based on earnings compared to the India market.
Price based on expected Growth
Does Siyaram Silk Mills's expected growth come at a high price?
Raw Data
NSEI:SIYSIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.4%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

NSEI:SIYSIL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.38x ÷ 12.4%

1.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Siyaram Silk Mills is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Siyaram Silk Mills's assets?
Raw Data
NSEI:SIYSIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹144.70
BSE:503811 Share Price * BSE (2019-02-15) in INR ₹340
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:SIYSIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:503811 Share Price ÷ Book Value per Share (both in INR)

= 340 ÷ 144.70

2.35x

* Primary Listing of Siyaram Silk Mills.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Siyaram Silk Mills is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Siyaram Silk Mills's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Siyaram Silk Mills has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Siyaram Silk Mills expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Siyaram Silk Mills expected to grow at an attractive rate?
  • Siyaram Silk Mills's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Siyaram Silk Mills's earnings growth is positive but not above the India market average.
  • Siyaram Silk Mills's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:SIYSIL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SIYSIL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.4%
NSEI:SIYSIL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.9%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SIYSIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SIYSIL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 23,343 1,719 1,562 2
2020-03-31 20,707 1,560 1,300 3
2019-03-31 18,557 1,181 1,021 3
NSEI:SIYSIL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 17,320 -309 1,108
2017-12-31 16,600 1,072
2017-09-30 16,067 981
2017-06-30 16,119 932
2017-03-31 15,683 2,029 910
2016-12-31 15,525 769
2016-09-30 16,279 845
2016-06-30 16,037 818
2016-03-31 16,217 713 852
2015-12-31 15,944 876
2015-09-30 15,090 798
2015-06-30 15,089 787

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Siyaram Silk Mills's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
  • Siyaram Silk Mills's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SIYSIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Siyaram Silk Mills Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SIYSIL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 33.30 37.10 29.50 2.00
2020-03-31 27.69 29.40 24.50 3.00
2019-03-31 21.15 21.30 21.00 2.00
NSEI:SIYSIL Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 23.64
2017-12-31 22.88
2017-09-30 20.92
2017-06-30 19.87
2017-03-31 19.42
2016-12-31 16.42
2016-09-30 18.04
2016-06-30 17.58
2016-03-31 18.17
2015-12-31 18.69
2015-09-30 17.02
2015-06-30 16.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Siyaram Silk Mills is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Siyaram Silk Mills's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Siyaram Silk Mills has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Siyaram Silk Mills performed over the past 5 years?

  • Siyaram Silk Mills's last earnings update was 213 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Siyaram Silk Mills's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Siyaram Silk Mills's year on year earnings growth rate has been positive over the past 5 years.
  • Siyaram Silk Mills's 1-year earnings growth exceeds its 5-year average (21.8% vs 13%)
  • Siyaram Silk Mills's earnings growth has exceeded the IN Luxury industry average in the past year (21.8% vs 13.5%).
Earnings and Revenue History
Siyaram Silk Mills's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Siyaram Silk Mills Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SIYSIL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 17,320.40 1,108.13 2,715.49
2017-12-31 16,599.65 1,072.34 2,535.21
2017-09-30 16,067.15 980.74 2,486.51
2017-06-30 16,119.10 931.50 1,734.00
2017-03-31 15,683.35 910.14 2,396.11
2016-12-31 15,525.28 769.41 2,424.23
2016-09-30 16,278.68 845.31 2,338.83
2016-06-30 16,036.78 818.11 2,262.53
2016-03-31 16,217.48 851.71 2,194.33
2015-12-31 15,943.88 875.86 2,838.82
2015-09-30 15,089.98 797.66 2,810.62
2015-06-30 15,089.28 787.06 2,771.02
2015-03-31 15,102.98 787.16 2,732.42
2014-12-31 14,313.23 675.60 2,486.44
2014-09-30 14,106.53 686.60 2,428.64
2014-06-30 13,541.30 644.20 1,109.50
2014-03-31 13,034.33 642.90 2,369.13
2013-12-31 11,881.24 564.99 2,055.59
2013-09-30 11,586.44 561.69 2,049.79
2013-06-30 10,869.84 555.79 1,996.49
2013-03-31 10,413.14 551.59 1,925.89
2012-12-31 10,211.01 590.57 1,699.04
2012-09-30 9,637.71 584.47 1,612.44
2012-06-30 9,404.61 575.07 1,550.04
2012-03-31 9,155.41 554.09 1,507.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Siyaram Silk Mills has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Siyaram Silk Mills used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Siyaram Silk Mills's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Siyaram Silk Mills's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Siyaram Silk Mills has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Siyaram Silk Mills's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Siyaram Silk Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Siyaram Silk Mills is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Siyaram Silk Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Siyaram Silk Mills's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Siyaram Silk Mills Company Filings, last reported 10 months ago.

NSEI:SIYSIL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 6,782.30 5,733.94 228.83
2017-12-31 6,204.20 4,529.50 86.90
2017-09-30 6,204.20 4,529.50 86.90
2017-06-30 5,966.00 2,673.90 48.30
2017-03-31 5,966.08 3,046.17 46.32
2016-12-31
2016-09-30
2016-06-30 5,077.11 4,077.19 63.42
2016-03-31 5,077.11 4,077.19 63.42
2015-12-31 4,696.10 3,193.40 74.40
2015-09-30 4,696.10 3,193.40 74.40
2015-06-30 4,349.50 3,093.93 45.74
2015-03-31 4,349.50 3,093.93 45.74
2014-12-31 4,011.20 2,981.40 41.40
2014-09-30 4,011.20 2,981.40 41.40
2014-06-30 3,696.20 2,753.40 56.30
2014-03-31 3,696.25 3,140.20 56.27
2013-12-31 3,432.90 3,024.60 59.00
2013-09-30 3,432.90 3,024.60 59.00
2013-06-30 3,140.58 2,782.05 32.97
2013-03-31 3,140.58 2,782.05 32.97
2012-12-31 2,954.20 2,573.10 39.30
2012-09-30 2,954.20 2,573.10 39.30
2012-06-30 2,671.23 2,373.91 47.46
2012-03-31 2,671.23 2,373.91 47.46
  • Siyaram Silk Mills's level of debt (84.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (88.6% vs 84.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 10.5x coverage).
X
Financial health checks
We assess Siyaram Silk Mills's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Siyaram Silk Mills has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Siyaram Silk Mills's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.24%
Current annual income from Siyaram Silk Mills dividends. Estimated to be 1.69% next year.
If you bought ₹2,000 of Siyaram Silk Mills shares you are expected to receive ₹25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Siyaram Silk Mills's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Siyaram Silk Mills's dividend is below the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SIYSIL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SIYSIL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 5.70 2.00
2020-03-31 6.27 3.00
2019-03-31 5.23 3.00
NSEI:SIYSIL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-11-13 4.200 1.212
2018-05-29 4.000 0.817
2018-01-29 4.400 0.675
2017-11-27 4.400 0.603
2017-09-11 3.000 0.573
2016-05-20 2.200 0.759
2016-03-09 2.200 1.067
2015-07-20 2.000 0.958
2014-05-13 1.600 1.073
2013-05-27 1.500 3.064
2012-08-27 1.500 2.662
2011-08-03 1.400 2.549
2010-05-25 1.200 1.887
2010-04-15 1.200 3.472
2009-06-29 1.000 3.805
2009-06-01 1.000 5.630
2009-02-17 1.000 8.501

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Siyaram Silk Mills's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.8x coverage).
X
Income/ dividend checks
We assess Siyaram Silk Mills's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Siyaram Silk Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Siyaram Silk Mills has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Siyaram Silk Mills's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rameshkumar Poddar
COMPENSATION ₹53,403,000
AGE 66
CEO Bio

Mr. Rameshkumar Dharaprasad Poddar has been the Chairman of Siyaram Silk Mills Ltd. since May 2012 and serves as its Managing Director. Mr. Poddar is an Industrialist with vast experience in Textile and Rubber Industry. He served as Vice Chairman of Siyaram Silk Mills Ltd. until May 2012. He has been a Director of Siyaram Silk Mills Ltd. since January 24, 1989. He served as a Non Executive Non-Independent Director of Balkrishna Industries Ltd. since July 31, 2006 until September 9, 2016. Mr. Poddar has B.Sc.

CEO Compensation
  • Rameshkumar's compensation has increased by more than 20% in the past year.
  • Rameshkumar's remuneration is higher than average for companies of similar size in India.
Management Team

Rameshkumar Poddar

TITLE
Chairman & MD
COMPENSATION
₹53M
AGE
66

Pawan Kumar Poddar

TITLE
Joint MD & Director
COMPENSATION
₹46M
AGE
64
TENURE
10.5 yrs

Ashok Kumar Jalan

TITLE
Senior President & Whole-Time Director
COMPENSATION
₹10M
AGE
59
TENURE
7.1 yrs

Gaurav Poddar

TITLE
President & Executive Director
COMPENSATION
₹32M
AGE
33

Surendra Shetty

TITLE
Chief Financial Officer

William Fernandes

TITLE
Compliance Officer & Company Secretary

Shrikishan Poddar

TITLE
Executive Director
COMPENSATION
₹44M
AGE
55

Ashadevi Poddar

TITLE
Executive Director
COMPENSATION
₹6M
AGE
67

Rajendra Jhanwar

TITLE
Director of Works
COMPENSATION
₹988K
Board of Directors Tenure

Average tenure and age of the Siyaram Silk Mills board of directors in years:

8.9
Average Tenure
64
Average Age
  • The tenure for the Siyaram Silk Mills board of directors is about average.
Board of Directors

Rameshkumar Poddar

TITLE
Chairman & MD
COMPENSATION
₹53M
AGE
66
TENURE
6.8 yrs

Pawan Kumar Poddar

TITLE
Joint MD & Director
COMPENSATION
₹46M
AGE
64
TENURE
30.1 yrs

Ashok Kumar Jalan

TITLE
Senior President & Whole-Time Director
COMPENSATION
₹10M
AGE
59
TENURE
7.1 yrs

Gaurav Poddar

TITLE
President & Executive Director
COMPENSATION
₹32M
AGE
33
TENURE
6.5 yrs

Shrikishan Poddar

TITLE
Executive Director
COMPENSATION
₹44M
AGE
55
TENURE
29.3 yrs

Ashadevi Poddar

TITLE
Executive Director
COMPENSATION
₹6M
AGE
67
TENURE
4.5 yrs

Harish Motiwalla

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
73
TENURE
7.8 yrs

Pramod Jalan

TITLE
Non-Executive & Independent Director
COMPENSATION
₹350K
AGE
64
TENURE
10.1 yrs

Mangesh Teli

TITLE
Non-Executive & Independent Director
COMPENSATION
₹475K
AGE
66
TENURE
14.7 yrs

Shailesh Vaidya

TITLE
Non-Executive & Independent Director
COMPENSATION
₹275K
AGE
61
TENURE
13.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Siyaram Silk Mills's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Siyaram Silk Mills has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Siyaram Silk Mills Limited (NSE:SIYSIL) Could Add Value To Your Portfolio

Siyaram Silk Mills Limited (NSE:SIYSIL) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of SIYSIL, it

Simply Wall St -

Could The Siyaram Silk Mills Limited (NSE:SIYSIL) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Siyaram Silk Mills Limited (NSE:SIYSIL) can tell us which group is most powerful. … Siyaram Silk Mills is a smaller company with a market capitalization of ₹17b, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Siyaram Silk Mills

Simply Wall St -

A Close Look At Siyaram Silk Mills Limited’s (NSE:SIYSIL) 22% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Tempted To Sell Siyaram Silk Mills Limited (NSE:SIYSIL) Because Of Its P/E Ratio?

We'll show how you can use Siyaram Silk Mills Limited's (NSE:SIYSIL) P/E ratio to inform your assessment of the investment opportunity. … Siyaram Silk Mills has a price to earnings ratio of 13.39, based on the last twelve months. … How Do You Calculate Siyaram Silk Mills's P/E Ratio

Simply Wall St -

Can Siyaram Silk Mills Limited's (NSE:SIYSIL) ROE Continue To Surpass The Industry Average?

To keep the lesson grounded in practicality, we'll use ROE to better understand Siyaram Silk Mills Limited (NSE:SIYSIL). … Over the last twelve months Siyaram Silk Mills has recorded a ROE of 16%. … View our latest analysis for Siyaram Silk Mills?

Simply Wall St -

Is Siyaram Silk Mills Limited's (NSE:SIYSIL) Balance Sheet A Threat To Its Future?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Siyaram Silk Mills Limited (NSE:SIYSIL): Has Recent Earnings Growth Beaten Long-Term Trend?

In this article, I will take a look at Siyaram Silk Mills Limited's (NSE:SIYSIL) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, along with how the rest of SIYSIL's industry performed. … See our latest analysis for Siyaram Silk Mills? … SIYSIL's trailing twelve-month earnings (from 31 March 2018) of ₹1.1b has.

Simply Wall St -

Siyaram Silk Mills Limited (NSE:SIYSIL): Good Growth, Poor Health

There's no stopping the Siyaram Silk Mills Limited (NSE:SIYSIL) growth train, with analysts forecasting high top-line growth in the near future. … However, my main concerns are around how the company is managing its balance sheet, and whether their current financial status is sustainable. … I will touched on some key aspects you should know on a high level, around its financials and growth prospects going forward

Simply Wall St -

What Should You Know About Siyaram Silk Mills Limited's (NSE:SIYSIL) Capital Returns?

and looking to gauge the potential return on investment in Siyaram Silk Mills Limited (NSE:SIYSIL). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Siyaram Silk Mills, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is Siyaram Silk Mills Limited (NSE:SIYSIL) Attractive At Its Current PE Ratio?

Siyaram Silk Mills Limited (NSE:SIYSIL) is currently trading at a trailing P/E of 22.4x, which is higher than the industry average of 15.3x. … While this makes SIYSIL appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … Check out our latest analysis for Siyaram Silk Mills

Simply Wall St -

Company Info

Map
Description

Siyaram Silk Mills Limited manufactures and sells fabrics and readymade garments in India. The company offers fabrics, including polyester viscose, polyester viscose linen and lycra, polyester rayon and cotton, polyester wool, polyester wool lycra, wool lycra and linen, wool, cotton, linen, and cotton linen fabrics; and CVC and PC yarn-dyed shirtings. It also provides formal and casual ready to wear garments; home furnishing fabrics, such as curtains and upholstery fabrics; womenswear comprises salwar kameez and dupatta materials; dyed yarns; and basic, corporate, and school uniforms. In addition, the company operates and franchises a chain of retail stores, which offer men’s fashion fabrics, apparels, and accessories under the Siyaram’s Shop name; and exports its products to the United States, the United Kingdom, France, South East Asia, Australia, and Latin America. The company sells its products under the Siyaram’s Suitings and Shirtings, Mistair, Moretti, Royale Linen, Little Champ, Miniature, Unicode, J. Hampstead, Oxemberg, Siya, Cadini, and Casa Moda brand names. Siyaram Silk Mills Limited was founded in 1978 and is based in Mumbai, India.

Details
Name: Siyaram Silk Mills Limited
SIYSIL
Exchange: NSEI
Founded: 1978
₹15,935,827,200
46,870,080
Website: http://www.siyaram.com
Address: Siyaram Silk Mills Limited
B-5, Trade World,
5th Floor,
Mumbai,
Maharashtra, 400013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 503811 Equity Shares Mumbai Stock Exchange IN INR 03. Oct 2001
NSEI SIYSIL Equity Shares National Stock Exchange of India IN INR 03. Oct 2001
BSE 503811 INR2 Mumbai Stock Exchange IN INR 16. Feb 2019
NSEI SIYSIL INR2 National Stock Exchange of India IN INR 16. Feb 2019
Number of employees
Current staff
Staff numbers
8,821
Siyaram Silk Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 12:50
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/06
Last earnings filing: 2018/07/18
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.