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Sai Silks (Kalamandir) Ltd.
(KALAMANDIR)
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Rating:61Neutral
Price Target:
₹81.00
▼(-46.82% Downside)
Action:Reiterated
Date:08/17/26
The score is supported most by improved financial strength (lower leverage and stronger cash generation) and a relatively inexpensive valuation (low P/E with a modest dividend). Offsetting these positives, technical indicators are bearish (price below key moving averages and negative MACD) and fundamentals show operating volatility with a recent revenue decline and a sharp gross margin drop.
Positive Factors
Conservative Leverage
The substantial reduction in leverage indicates meaningful balance-sheet de-risking and gives the retailer greater financial flexibility. Lower debt dependence can reduce funding pressure, support continued store investment, and improve resilience if sales or margins remain uneven over the next several quarters.
Negative Factors
Revenue Contraction
The recent revenue decline interrupts the company’s earlier growth trajectory and raises questions about sustained customer demand and store productivity. Persistent top-line weakness could limit operating leverage, reduce expansion capacity, and make it harder to preserve earnings growth even with stronger financial discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
The substantial reduction in leverage indicates meaningful balance-sheet de-risking and gives the retailer greater financial flexibility. Lower debt dependence can reduce funding pressure, support continued store investment, and improve resilience if sales or margins remain uneven over the next several quarters.
Read all positive factors
Sai Silks (Kalamandir) Ltd. (KALAMANDIR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.68B
Dividend Yield1.97%
Average Volume (3M)27.07K
Price to Earnings (P/E)8.1
Beta (1Y)1.46
Revenue Growth4.83%
EPS Growth20.42%
CountryIN
Employees6,315
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)9.40
Shares Outstanding153,366,120
10 Day Avg. Volume35,797
30 Day Avg. Volume27,067
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.06
Price to Sales (P/S)0.80
P/FCF Ratio5.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)12.1
Revenue Forecast (FY)₹18.53B
Sai Silks (Kalamandir) Ltd. Business Overview & Revenue Model
Company Description
Sai Silks (Kalamandir) Limited operates as an apparel retailer across India. The company offers a diverse range of clothing, encompassing ultra-premium and high-quality sarees suitable for weddings, parties, and everyday wear. They also cater to m...
How the Company Makes Money
Sai Silks (Kalamandir) Ltd. primarily makes money by retailing ethnic apparel and related products to end consumers through its physical store network. Revenue is generated from (1) sale of sarees (a core category) and (2) sale of other ethnic and...
Sai Silks (Kalamandir) Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.83B | 16.54B | 14.62B | 13.74B | 13.51B | 11.36B |
| Gross Profit | 4.93B | 4.11B | 7.15B | 5.59B | 5.29B | 2.77B |
| EBITDA | 2.76B | 2.61B | 1.86B | 2.43B | 2.18B | 1.46B |
| Net Income | 1.38B | 1.41B | 853.90M | 1.01B | 975.90M | 544.10M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 18.49B | 16.41B | 16.42B | 12.20B | 10.57B |
| Cash, Cash Equivalents and Short-Term Investments | 3.48B | 3.48B | 2.95B | 447.80M | 497.00M | 486.37M |
| Total Debt | 0.00 | 3.61B | 4.05B | 4.64B | 5.26B | 3.93B |
| Total Liabilities | -12.60B | 5.88B | 5.09B | 5.79B | 8.23B | 7.41B |
| Stockholders Equity | 12.60B | 12.60B | 11.32B | 10.63B | 3.97B | 3.16B |
Cash Flow | ||||||
| Free Cash Flow | 1.58B | 2.55B | 542.60M | -626.60M | -188.80M | 475.44M |
| Operating Cash Flow | 1.80B | 3.06B | 1.07B | -214.60M | 412.30M | 736.72M |
| Investing Cash Flow | -349.80M | -1.67B | 1.18B | -3.32B | -601.40M | -435.40M |
| Financing Cash Flow | -1.92B | -2.05B | -1.84B | 3.93B | 149.00M | -271.82M |
Sai Silks (Kalamandir) Ltd. Technical Analysis
Negative
152.30
Price Trends
84.45
Negative
93.75
Negative
104.37
Negative
Market Momentum
-2.64
Positive
32.56
Neutral
18.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KALAMANDIR, the sentiment is Negative. The current price of 152.3 is above the 20-day moving average (MA) of 80.79, above the 50-day MA of 84.45, and above the 200-day MA of 104.37, indicating a bearish trend. The MACD of -2.64 indicates Positive momentum. The RSI at 32.56 is Neutral, neither overbought nor oversold. The STOCH value of 18.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KALAMANDIR.
Sai Silks (Kalamandir) Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹129.23B | 33.68 | ― | 1.44% | 1.95% | -2.63% | |
73 Outperform | ₹3.32B | 12.68 | ― | 3.96% | 0.95% | -23.25% | |
65 Neutral | ₹1.41T | 56.98 | ― | 0.23% | 16.92% | 14.21% | |
61 Neutral | ₹11.68B | 8.11 | ― | 1.97% | 4.83% | 20.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹76.21B | 41.21 | ― | ― | 63.30% | 117.94% | |
51 Neutral | ₹94.55B | 52.77 | ― | 0.65% | ― | ― |
* General Sector Average
IN:KALAMANDIR
Sai Silks (Kalamandir) Ltd.
76.35
-76.29
-49.98%
IN:MANYAVAR
Vedant Fashions Limited
536.60
-144.92
-21.26%
IN:SSDL
Saraswati Saree Depot Limited
76.27
-9.13
-10.69%
IN:TRENT
Trent Limited
2,623.10
-594.48
-18.48%
IN:V2RETAIL
V2 Retail Limited
208.60
-8.09
-3.73%
IN:ABLBL
Aditya Birla Lifestyle Brands Limited
76.43
-57.06
-42.75%
Sai Silks (Kalamandir) Ltd. Corporate Events
Sai Silks (Kalamandir) Schedules Investor and Analyst Meeting
Sep 23, 2026
Sai Silks (Kalamandir) Ltd. has scheduled a physical one-on-one meeting with investors and analysts on September 28, 2026, at 1:00 p.m., as part of its regular engagement with the capital markets. The company has clarified that it does not intend ...
Sai Silks expands Kanchipuram Varamahalakshmi Silks to Srikakulam
Aug 13, 2026
Sai Silks (Kalamandir) Ltd. operates in the organised retail apparel sector, with a focus on ethnic and traditional wear. Through its “Kanchipuram Varamahalakshmi Silks” format, the company specialises in premium silk sarees and relate...
Sai Silks (Kalamandir) Holds 18th AGM in Virtual Format, Reports Shareholder Participation
Aug 11, 2026
Sai Silks (Kalamandir) Ltd. held its 18th Annual General Meeting on 10 August 2026 via video conferencing and other audio-visual means, in line with Ministry of Corporate Affairs and SEBI circulars permitting virtual AGMs. The company reported tha...
Sai Silks (Kalamandir) Publishes Q1 FY27 Earnings Call Transcript
Jul 23, 2026
Sai Silks (Kalamandir) Ltd. has released the transcript of its Q1 FY 2026-27 earnings conference call, held on July 16, 2026, to discuss financial results for the quarter ended June 2026. The document identifies the participating management, inclu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.