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Siyaram Silk Mills Limited (SIYSIL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹28.8B

SS Siyaram Silk Mills Limited SIYSIL · NSE
Price₹632.60
Fair Value₹567.94
Upside-10.2%
Quality58/100
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Expensive Growth
Thin margins · 9.0% net margin
Low debt · generates free cash flow
1.88% dividend yield
Ranks above peers (10/14)
Moderate moat 56/100
Evidence: High Range ₹334.42 – ₹1,054 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 4 days ago

Share price +0.2% over the past month.

A solid business, but screening 10% overvalued on our models.

What matters now

  • The model range is unusually wide (₹334.42 to ₹1,054). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from ₹334.42 (bear) to ₹1,054 (bull), base ₹567.94. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹1,103 ₹171.78 Fair Value ₹567.94 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹171.78 – ₹1,103 · fair‑value band ₹334.42 – ₹1,054 · the ₹632.60 price screens above the ₹567.94 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Siyaram Silk Mills Limited (SIYSIL) currently trades at ₹632.60, while our model-based Fair Value estimate is ₹567.94, implying the stock looks roughly 10.2% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Siyaram Silk Mills Limited generated revenue of ₹25.7B at a net margin of 9.0%. Revenue grew 15.9% year over year. It earns a return on equity of 16.8%. Net debt stands at ₹3.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹334.42 (bear case) to ₹1,054 (bull case); at ₹632.60, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at -10%, SIYSIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹36.29 ₹61.05 ₹100.61 80
Residual Income ₹337.77 ₹449.61 ₹1,400 76
ROIC Compounder ₹397.77 ₹523.77 ₹693.92 72
All 25 models by family
DCF Models
FCF DCF ₹35.98 ₹61.38 ₹102.18 38
Owner Earnings ₹612.83 ₹1,013 ₹1,655 31
5Y Revenue Exit ₹314.97 ₹604.31 ₹992.86 39
5Y EBITDA Exit ₹404.58 ₹778.39 ₹1,235 41
5Y P/E Exit ₹511.81 ₹986.70 ₹1,510 38
10Y Revenue Exit ₹200.99 ₹442.91 ₹802.05 36
10Y EBITDA Exit ₹274.17 ₹566.29 ₹993.86 37
10Y P/E Exit ₹343.56 ₹713.93 ₹1,211 35
Earnings-Based
Graham-Dodd ₹346.07 ₹1,279 ₹1,728 54
Lynch FV ₹306.37 ₹437.68 ₹568.98 50
PEG = 1.0 ₹306.37 ₹437.68 ₹568.98 46
EPV ₹378.42 ₹442.02 ₹497.67 59
Dividend Discount
Gordon GGM ₹109.84 ₹228.38 ₹362.30 70
DDM Multi-Stage ₹109.84 ₹192.58 ₹239.69 61
Multiples
P/E Multiple ₹839.73 ₹1,120 ₹1,400 63
P/S Multiple ₹510.30 ₹680.40 ₹850.50 58
P/B Multiple ₹648.88 ₹865.17 ₹1,081 55
EV/EBIT ₹752.73 ₹1,005 ₹1,257 53
EV/EBITDA ₹657.12 ₹877.21 ₹1,097 54
EV/Revenue ₹473.13 ₹677.26 ₹881.38 43
Asset-Based
NCAV (Graham) ₹160.91 ₹215.62 ₹321.82 50
Growth DCF
Growth DCF ₹36.29 ₹61.05 ₹100.61 80
Economic Profit
Residual Income ₹337.77 ₹449.61 ₹1,400 76
ROIC Compounder ₹397.77 ₹523.77 ₹693.92 72
Growth Earnings
Growth-Adj P/E ₹588.01 ₹840.01 ₹1,092 68

Widest divergence: Multiples (₹865.17) versus Growth DCF (₹61.05). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹25.7B
Revenue growth (YoY) +15.9%
Net margin 9.0%
Return on equity 16.8%
Free cash flow ₹149M FY2026
P/E ratio 12.4
More key figures
Operating margin 13.9%
EPS (TTM) ₹50.88
Dividend yield 1.9%
EPS growth (YoY) +35.7%
Net debt ₹3.4B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 57

Profitability 64
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 87
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Siyaram Silk Mills Limited manufactures, brands, and markets fabrics, readymade garments, and indigo dyed yarn in India and internationally.

Full company description

Siyaram Silk Mills Limited manufactures, brands, and markets fabrics, readymade garments, and indigo dyed yarn in India and internationally. The company offers fabrics, including polyester viscose, polyester viscose blend, polyester viscose lycra, polyester cotton, polyester wool lycra, wool linen, cotton, cotton linen, polyester viscose linen, polyester rayon, polyester wool, wool lycra, wool, linen, and CVC and PC yarn-dyed shirting, as well as poly bamboo and knitted denim fabrics. It also provides apparel including suits, blazers, shirts, trousers, athletic-leisure wear, sweatshirts, and jeans for men; formal wear; casual attire; office uniforms; and home furnishing fabrics. The company sells its products through brick-and-mortar stores, online platforms, and e-commerce marketplaces under the Siyaram's, J.Hampstead, Cadini, Oxemberg, ZECODE, DEVO, as well as Cavalero and Canetti brands. It also exports its products to the United Kingdom, the Middle East, and the United States. Siyaram Silk Mills Limited was incorporated in 1978 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Siyaram Silk Mills Limited reported revenue of ₹25.7B in FY2026 versus ₹19.0B in FY2022, a compound +7.8%/yr. Reported net income was ₹2.3B in FY2026, compounding +1.7%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹25.7B
Latest YoY
+15.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.8%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.8%
Revenue +7.8%/yr
FY22 ₹19.0B
FY23 ₹22.3B
FY24 ₹20.9B
FY25 ₹22.2B
FY26 ₹25.7B
Net income +1.7%/yr
FY22 ₹2.2B
FY23 ₹2.5B
FY24 ₹1.8B
FY25 ₹2.0B
FY26 ₹2.3B
Character of growth · EPS growth decomposed (2015-2026) +10.6 % p.a.
Revenue per share +4.6 pp

of which total revenue +4.3 pp · buybacks/dilution +0.3 pp

EBIT margin +13.2 pp
Tax rate +1.4 pp
Residual (interest, one-offs) −8.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SIYSIL screens 10% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Siyaram Silk Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/SIYSIL

Peer Group

Textile Manufacturing · 317 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Top 25%
Fair Value upside −10% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 16% · Top 25%
Dividend yield (TTM) 1.9% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 12.4× · Cheaper than median
P/B 1.97× · Pricier than 75% of peers
P/S (TTM) 1.12× · Pricier than median
P/FCF 2.0× · Pricier than 75% of peers
EV/EBITDA 8.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 20 · sector 8
FUTURE 80 · sector 0
PAST 67 · sector 15
HEALTH 99 · sector 95
DIVIDEND 38 · sector 35

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Inner Mongolia ERDOS Resources Co 600295 ¥12.79 ¥14.35 +12%
Far Eastern New Century Corporation 1402 27.55 TWD 25.64 TWD -7%
K.P.R. Mill Limited KPRMILL ₹1,089 ₹467.49 -57%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.55 ¥11.85 -83%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Ruentex Industries Ltd 2915 54.10 TWD 133.24 TWD +146%
Welspun Living Limited WELSPUNLIV ₹165.23 ₹47.77 -71%

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Frequently asked questions

Is Siyaram Silk Mills Limited (SIYSIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹567.94 versus a price of ₹632.60, about −10% (overvalued).
What is the fair value of SIYSIL?
Our model-based fair value for Siyaram Silk Mills Limited is ₹567.94 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹632.60.
What is the quality score of SIYSIL?
Siyaram Silk Mills Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Siyaram Silk Mills Limited (SIYSIL)?
Siyaram Silk Mills Limited reported trailing-twelve-month revenue of about ₹25.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SIYSIL?
The net profit margin of Siyaram Silk Mills Limited is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.
Does Siyaram Silk Mills Limited pay a dividend?
Siyaram Silk Mills Limited currently shows a dividend yield of about 1.88% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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