Siyaram Silk Mills Limited (SIYSIL) AI Stock Analysis

Siyaram Silk Mills Limited

(NSE:SIYSIL)

Select Model

Rating:66Neutral

Price Target:INR 482.00▲(7.91% Upside)

Action:downgraded

Date:08/24/26

The overall score is driven primarily by solid but not flawless financial performance, where strong revenue growth and a healthy, moderately levered balance sheet are tempered by margin pressure and weaker recent cash conversion. The second key support is a reasonably attractive valuation, with a modest P/E and decent dividend yield that improve the risk‑reward profile. Technical indicators currently point to a neutral, range‑bound setup rather than clear momentum, limiting upside conviction but not signaling major downside risk, which keeps the stock in a mid‑to‑upper range rather than a high‑conviction buy or a deep‑value opportunity.

Positive Factors

Revenue and profit growthSteady revenue growth across the last two reported years, alongside higher net income, indicates resilient demand for the company’s textile and apparel offerings. Continued top-line expansion provides a foundation for reinvestment, brand support, and potential earnings growth over the next several quarters.

Negative Factors

Unreliable cash conversionVolatile operating cash flow and a steep FY2026 decline in free cash flow weaken confidence that reported earnings consistently convert into cash. Uneven cash generation can constrain reinvestment, dividend capacity, and financial flexibility, particularly when working-capital or capital-spending needs rise.

Siyaram Silk Mills Limited (SIYSIL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 20.28B
Dividend Yield: 3.58%
Average Volume (3M): 11.85K
Price to Earnings (P/E): 9.0
Beta (1Y): 1.20
Revenue Growth: 13.93%
EPS Growth: 7.80%
Country: India
Employees: 2,750
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Siyaram Silk Mills Limited Business Overview & Revenue Model

Company Description

Siyaram Silk Mills Limited, established in Mumbai, India, in 1978, operates as a comprehensive textile manufacturer and retailer. The company produces and sells a wide spectrum of textile products within India and internationally, including an extens...

How the Company Makes Money

Siyaram Silk Mills Limited primarily makes money by manufacturing and selling textile fabrics and by selling finished apparel products under its brands. The largest revenue driver is typically the sale of men’s suiting and shirting fabrics, where the...

Siyaram Silk Mills Limited Financial Statement Overview

Summary

Income statement strength from solid revenue growth and improving profitability (score 63) is offset by clear margin compression, while a strong, conservatively leveraged balance sheet (score 78) anchors the profile and partially compensates for deteriorating and volatile cash generation (score 52), resulting in a mid‑60s overall financial performance score.

Income Statement

63Positive

Balance Sheet

78Positive

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	26.29B	25.72B	22.22B	20.92B	22.33B	19.02B
Gross Profit	9.39B	7.60B	9.19B	10.64B	5.04B	9.18B
EBITDA	4.23B	3.33B	2.76B	3.23B	4.08B	3.68B
Net Income	2.37B	2.31B	1.97B	1.85B	2.51B	2.16B
Balance Sheet
Total Assets	0	21.91B	18.88B	16.02B	16.40B	15.13B
Cash, Cash Equivalents and Short-Term Investments	2.14B	2.15B	2.08B	193.55M	1.11B	311.69M
Total Debt	0	3.52B	2.62B	1.75B	1.63B	2.23B
Total Liabilities	-14.60B	7.31B	6.05B	4.65B	4.99B	5.79B
Stockholders Equity	14.60B	14.60B	12.83B	11.37B	11.41B	9.34B
Cash Flow
Free Cash Flow	-827.86M	148.94M	1.12B	696.73M	1.78B	-294.72M
Operating Cash Flow	-515.59M	901.13M	2.55B	1.29B	2.35B	448.02M
Investing Cash Flow	-359.55M	-966.67M	-2.48B	681.56M	-1.13B	-532.47M
Financing Cash Flow	927.51M	81.17M	-98.52M	-1.94B	-1.23B	81.49M

Siyaram Silk Mills Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price446.65

Price Trends

50DMA532.26Negative

100DMA576.11Negative

200DMA557.22Negative

Market Momentum

MACD-24.28Positive

RSI23.01Positive

STOCH2.25Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SIYSIL, the sentiment is Negative. The current price of 446.65 is below the 20-day moving average (MA) of 506.43, below the 50-day MA of 532.26, and below the 200-day MA of 557.22, indicating a bearish trend. The MACD of -24.28 indicates Positive momentum. The RSI at 23.01 is Positive, neither overbought nor oversold. The STOCH value of 2.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SIYSIL.

Siyaram Silk Mills Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SIYSIL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KKCL	71Outperform	INR 26.36B	18.07	―	0.94%	15.92%	-3.02%
IN:DONEAR	70Outperform	INR 4.03B	9.03	―	0.26%	―	―
IN:ARVIND	66Neutral	INR 133.61B	28.18	―	0.92%	19.08%	10.88%
IN:SIYSIL	66Neutral	INR 20.26B	9.01	―	3.58%	13.93%	7.80%
IN:RAYMOND	56Neutral	INR 73.26B	126.31	―	―	-5.56%	-99.13%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BOMDYEING	45Neutral	INR 18.21B	90.66	―	0.45%	-2.55%	-95.87%

* General Sector Average

Performance Comparison

IN:SIYSIL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SIYSIL	Siyaram Silk Mills Limited	446.65	-301.24	-40.28%
IN:ARVIND	Arvind Limited	491.15	173.74	54.74%
IN:BOMDYEING	Bombay Dyeing & Manufacturing Co. Ltd.	88.15	-76.05	-46.31%
IN:DONEAR	Donear Industries Limited	77.50	-22.55	-22.54%
IN:KKCL	Kewal Kiran Clothing Limited	427.75	-87.08	-16.91%
IN:RAYMOND	Raymond Limited	1100.40	525.05	91.26%

Siyaram Silk Mills Limited Corporate Events

Siyaram Silk Mills Releases Investor Presentation on Unaudited Q2 FY27 Results

Oct 27, 2026

Siyaram Silk Mills Limited has notified the stock exchanges that it has released an investor and earnings presentation covering its unaudited financial results for the quarter and half year ended 30 September 2026. The communication, made under Regul...

Siyaram Silk Mills Sets Record Date for Bonus Preference Share Allotment

Aug 1, 2026

Siyaram Silk Mills Limited has received a certified order from the National Company Law Tribunal, Mumbai Bench, sanctioning a scheme that became effective on July 30, 2026. In line with this scheme and securities regulations, the company has set Augu...

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.

Date of analysis: Aug 23, 2026

Siyaram Silk Mills Limited AI Stock Analysis