Sai Silks (Kalamandir) Ltd. (KALAMANDIR) AI Stock Analysis

• Market Cap: ₹23.37B
• Dividend Yield: 1.31%
• Average Volume (3M): 65.04K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 1.24
• Revenue Growth: 17.77%
• EPS Growth: 28.06%
• Country: IN
• Employees: 5,424
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 2.04
• Shares Outstanding: 153,366,120
• 10 Day Avg. Volume: 41,354
• 30 Day Avg. Volume: 65,042
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹168.00
• Price Target Upside: 10.24% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: ₹168.00 ▲(10.24% Upside)

The overall stock score of 62 reflects strong financial performance and a fair valuation, but is weighed down by negative technical indicators. The company's robust financial health and consistent growth are positive, but current market momentum is bearish, suggesting caution in the short term.

Sai Silks (Kalamandir) Ltd. Business Overview & Revenue Model

Company Description

Sai Silks (Kalamandir) Limited engages in the retail sale of apparel in India. The company offers ultra-premium and premium sarees for weddings, parties, and occasional and daily wear; ethnic fashion for middle income customers; and value fashion products comprising fusion wear and western wear for women, men, and children, as well as lehengas, men's ethnic wear, and children's ethnic wear. It operates in its stores in various formats under the Kalamandir, Kancheepuram VaraMahalakshmi Silks, Brand Mandir, and KLM Fashion Mall brands. The company was founded in 2005 and is based in Hyderabad, India.

How the Company Makes Money

Sai Silks (Kalamandir) Ltd. generates revenue primarily through the sale of its extensive collection of silk sarees and ethnic wear in its retail outlets and online platforms. The company's revenue streams are bolstered by its broad product range, catering to various customer preferences and occasions. Additionally, KALAMANDIR leverages its brand reputation and strategic store locations to attract a steady flow of customers. While the company may engage in partnerships or collaborations within the fashion industry to enhance its product offerings, its core earnings are driven by direct sales to consumers.

Sai Silks (Kalamandir) Ltd. Financial Statement Overview

Summary

Sai Silks (Kalamandir) Ltd. shows robust financial health with consistent revenue growth and improved profitability. The company maintains a solid balance sheet with a strong equity position and manageable debt levels. Cash flow generation is positive but past volatility and debt fluctuations require attention.

Income Statement

Sai Silks (Kalamandir) Ltd. has demonstrated strong growth in revenue and improved profitability over the years. The gross profit margin stands at approximately 41.8% for 2025, indicating strong cost control. The net profit margin improved significantly to 5.8% in 2025 from the previous year, reflecting better operational efficiency. Revenue growth has been consistent, with a notable increase of around 6.4% from 2024 to 2025. The company also shows a strong EBIT margin of 28.2% in 2025, indicating solid core operational profitability.

Balance Sheet

The balance sheet of Sai Silks (Kalamandir) Ltd. reflects a stable financial position with an equity ratio of 69% in 2025, suggesting a healthy capital structure. However, the debt-to-equity ratio is at 0.36, which is relatively low, indicating conservative leverage. The return on equity (ROE) has been improving, reaching 7.5% in 2025, showcasing effective use of shareholder funds. However, fluctuations in total debt levels over the years pose potential risks that need monitoring.

Cash Flow

The cash flow position shows improvement with a positive free cash flow of 542.6 million in 2025, recovering from negative values in previous years. The operating cash flow to net income ratio stands at 1.25, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio of 0.63 suggests room for improvement in translating net income into free cash flow. The overall positive trend in cash flows enhances financial flexibility, although past volatility warrants caution.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.62B	14.62B	13.74B	13.51B	11.36B	6.79B
Gross Profit	5.52B	6.11B	5.59B	5.29B	4.24B	1.31B
EBITDA	2.23B	1.86B	2.43B	2.18B	1.46B	764.87M
Net Income	853.90M	853.90M	1.01B	975.90M	544.10M	59.37M
Balance Sheet
Total Assets	16.41B	16.41B	16.42B	12.20B	10.57B	8.43B
Cash, Cash Equivalents and Short-Term Investments	2.95B	2.95B	447.80M	497.00M	486.37M	257.99M
Total Debt	4.05B	4.05B	4.64B	5.26B	3.93B	3.69B
Total Liabilities	5.09B	5.09B	5.79B	8.23B	7.41B	5.82B
Stockholders Equity	11.32B	11.32B	10.63B	3.97B	3.16B	2.62B
Cash Flow
Free Cash Flow	0.00	542.60M	-626.60M	-188.80M	822.55M	-140.09M
Operating Cash Flow	0.00	1.07B	-214.60M	412.30M	1.08B	-84.35M
Investing Cash Flow	0.00	1.18B	-3.32B	-601.40M	-435.40M	-181.91M
Financing Cash Flow	0.00	-1.84B	3.93B	149.00M	-271.82M	498.24M

Sai Silks (Kalamandir) Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 152.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 152.4 is below the 20-day moving average (MA) of 166.67, below the 50-day MA of 171.61, and above the 200-day MA of 151.99, indicating a neutral trend. The MACD of -4.66 indicates Positive momentum. The RSI at 31.43 is Neutral, neither overbought nor oversold. The STOCH value of 7.09 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANYAVAR	66 Neutral	₹170.81B	43.10	21.75%	1.13%	10.20%	2.96%
KALAMANDIR	62 Neutral	₹23.37B	19.81	―	1.31%	17.77%	28.06%
DEVYANI	61 Neutral	₹209.24B	-1,765.59	0.84%	―	29.37%	-117.68%
V2RETAIL	61 Neutral	₹65.28B	81.24	20.80%	―	59.68%	112.52%
OLAELEC	50 Neutral	₹241.63B	-9.77	-44.25%	―	―	―
ALOKINDS	44 Neutral	₹86.54B	-11.08	3.96%	―	-28.55%	5.61%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%