In the dynamic world of financial markets, Siyaram Silk Mills Ltd has been making waves with its textile manufacturing prowess. With its headquarters in India, Siyaram Silk Mills has carved a niche for itself in the textile industry, specializing in the production of fabrics and readymade garments, particularly in the realm of men’s fashion. The company’s reach extends far beyond its home country, as it exports its products to a diverse array of nations, including Abu Dhabi, Australia, Bahrain, and Canada, to name just a few.
But what truly captures the imagination of investors and enthusiasts alike is the company’s stock performance. With a current price of ₹534, Siyaram Silk Mills has been on a journey of growth, and the question on everyone’s mind is, can it reach the coveted ₹1,000 INR mark? To address this pressing query, we will explore the data and trends, conducting an analysis of Siyaram Silk Mills’ share price targets spanning the period from 2023 to 2030. So, let’s prepare for a financial journey to unveil the future potential of Siyaram Silk Mills.
ABOUT SIYARAM SILK MILLS
Since its establishment in 1978, Siyaram Silk Mills has been a significant player in the fabric and apparel industry, holding the ISO 9001:2008 certification.
Over the years, Siyaram’s has earned a special place in the hearts and minds of millions through its dedication to innovation and artisanal fabrics. With a diverse range of fabric offerings, including natural fibers and P.V., they have consistently harnessed cutting-edge technology to produce exceptional fabrics efficiently.
Siyaram’s has expanded its offerings beyond clothing to include home furnishing fabrics while remaining dedicated to delivering top-notch quality. Today, Siyaram’s is renowned for its exceptional textiles and apparel, upholding a heritage of skillful craftsmanship and a forward-looking vision.
Siyaram Silk Mills Q1 FY2024 Results: Summary and Key Points
- Siyaram Silk Mills witnessed a significant drop in its consolidated net profit for the first quarter of FY2024, with earnings totaling Rs. 9.99 crores, a sharp decline from the Rs. 88.14 crores reported in the preceding quarter (Q4 FY2023).
- The company’s total income in Q1 FY2024 amounted to Rs. 363.19 crores, marking a 48.54% decrease compared to the Rs. 705.77 crores recorded in Q4 FY2023.
- The earnings per share (EPS) for Q1 FY2024 stood at Rs. 2.13, reflecting a significant reduction from the Rs. 18.81 reported in Q4 FY2023.
- In a year-over-year comparison, Siyaram Silk Mills experienced declines in both total income and net profit. Total income in Q1 FY2024 was Rs. 363.19 crores, down from Rs. 406.58 crores in Q1 FY2023. Net profit for Q1 FY2024 amounted to Rs. 9.99 crores, a decrease from Rs. 30.85 crores in Q1 FY2023.
- Siyaram Silk Mills’ stock on the BSE concluded the day at Rs. 554.95, with 8926 shares traded. The stock reached an intraday high of Rs. 565.00 and an intraday low of 550.20 during the trading session.
SIYARAM SILK MILLS IN RECENT NEWS
- Siyaram Silk Mills’ shares will be closely watched following the company’s announcement of a share buyback for its shareholders following the release of its June quarter results.
- Siyaram Silk Mills’ plan to repurchase 16.6 lakh equity shares amounts to approximately 3.54 percent of the total equity shares issued by the company. This buyback will be conducted through the tender offer method, which involves the company purchasing shares from its current shareholders at a predetermined price.
HOW TO BUY SIYARAM SILK MILLS SHARES IN INDIA?
To buy Siyaram Silk Mills shares in India, you can use the services of various stockbrokers and trading platforms. Here are some popular options:
- Zerodha
- HDFC Securities
- ICICI Direct
- Kotak Securities
- Sharekhan
- Angel Broking
- 5Paisa
- Upstox
- Motilal Oswal
- Axis Direct
SIYARAM SILK MILLS SHARE PRICE TARGET 2023 TO 2025
Let’s analyze the anticipated stock price target statistics for the timeframe spanning from 2023 to 2025, following a comprehensive examination of the company.
| When | Maximum Price | Minimum Price |
| September 2023 | ₹560.70 | ₹509.73 |
| October 2023 | ₹544.37 | ₹494.88 |
| November 2023 | ₹555.26 | ₹504.78 |
| December 2023 | ₹571.91 | ₹519.92 |
Siyaram Silk Mills’ share price in 2023 appears to show a steady upward trajectory. Starting in September at ₹560.70 and climbing each month, it is expected to reach ₹571.91 in December. This consistent growth suggests positive investor sentiment and confidence in the company’s performance throughout the year, potentially indicating a promising outlook for Siyaram Silk Mills’ shares in 2023.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹583.59 | ₹507.47 |
| February 2024 | ₹595.50 | ₹517.82 |
| March 2024 | ₹601.51 | ₹523.05 |
| April 2024 | ₹583.99 | ₹507.82 |
| May 2024 | ₹572.54 | ₹497.86 |
| June 2024 | ₹612.62 | ₹532.71 |
| July 2024 | ₹631.00 | ₹548.69 |
| August 2024 | ₹643.62 | ₹559.67 |
| September 2024 | ₹656.49 | ₹570.86 |
| October 2024 | ₹667.16 | ₹580.14 |
| November 2024 | ₹693.85 | ₹603.35 |
| December 2024 | ₹707.73 | ₹615.41 |
Siyaram Silk Mills’ share price is anticipated to experience a steady upward trajectory in 2024. Starting in January at ₹583.59, it is expected to climb steadily each month, reaching a maximum price of ₹693.85 and a minimum of ₹615.41 in December. This consistent growth is likely to instill investor confidence, indicating a promising outlook for Siyaram Silk Mills’ shares in 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹721.88 | ₹555.29 |
| February 2025 | ₹759.88 | ₹584.52 |
| March 2025 | ₹775.07 | ₹596.21 |
| April 2025 | ₹767.40 | ₹590.31 |
| May 2025 | ₹752.35 | ₹578.73 |
| June 2025 | ₹771.16 | ₹593.20 |
| July 2025 | ₹782.90 | ₹602.23 |
| August 2025 | ₹811.30 | ₹624.08 |
| September 2025 | ₹827.53 | ₹636.56 |
| October 2025 | ₹844.08 | ₹649.29 |
| November 2025 | ₹819.49 | ₹630.38 |
| December 2025 | ₹835.88 | ₹642.99 |
In the year 2025, Siyaram Silk Mills’ stock price is set to embark on an upward trajectory. Beginning the year at ₹721.88 in January, it is anticipated to exhibit a consistent ascent, with a lower limit of ₹642.99 and an upper limit of ₹835.88 by December. This steady growth signifies a favorable outlook, possibly mirroring robust investor trust and a promising performance for Siyaram Silk Mills’ shares throughout the entirety of 2025.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹961.26 | ₹672.88 |
| 2027 | ₹817.07 | ₹571.95 |
| 2028 | ₹1,062.20 | ₹711.67 |
| 2029 | ₹1,380.85 | ₹966.60 |
| 2030 | ₹1,449.90 | ₹1,014.93 |
In the upcoming five years, Siyaram Silk Mills’ stock price is anticipated to experience substantial growth. It begins at ₹672.88 in 2026 and reaches ₹961.26 within that year. This upward trend persists into 2030, with projections indicating a maximum price of ₹1,449.90 and a minimum of ₹1,014.93 for that year. This consistent upward trajectory signals a positive outlook and the potential for significant gains in the company’s shares throughout this period.
SIYARAM SILK MILLS FINANCIAL CONDITION (LAST 5 YEARS)
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales | 1,815 | 1,698 | 1,088 | 1,903 | 2,229 |
| Expenses | 1,573 | 1,529 | 1,033 | 1,569 | 1,860 |
| Operating Profit | 241 | 169 | 55 | 334 | 369 |
| OPM % | 13% | 10% | 5% | 18% | 17% |
| Other Income | 24 | 34 | 41 | 29 | 40 |
| Interest | 48 | 43 | 30 | 18 | 20 |
| Depreciation | 62 | 73 | 61 | 59 | 58 |
| Profit before Tax | 154 | 88 | 5 | 287 | 332 |
| Tax % | 35% | 18% | -2% | 26% | 24% |
| Net Profit | 101 | 72 | 5 | 213 | 252 |
| EPS in Rs | 21.58 | 15.3 | 1.14 | 45.34 | 53.73 |
| Dividend Payout % | 20% | 56% | 404% | 20% | 20% |
Siyaram Silk Mills has shown a mixed financial performance over the last five years. From 2019 to 2020, there was a slight dip in sales and operating profit, while expenses remained relatively stable. However, in 2021, the company experienced a significant drop in both sales and operating profit, resulting in a meager 5% operating profit margin. This was partially offset by other income and a reduction in expenses.
Despite a challenging year in 2021, Siyaram Silk Mills made a strong comeback in 2022, with a substantial increase in both sales and operating profit, achieving an 18% operating profit margin. The company’s net profit also rebounded, reflecting its resilience.
The financial data indicates a cautious recovery, with improving profitability and stability in the last two years. However, the exceptionally high dividend payout in 2021 (404%) raises questions about the company’s long-term financial strategy and sustainability, suggesting that it might need to strike a balance between rewarding shareholders and reinvesting in its operations to ensure continued growth.
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FAQs
Will the Siyaram Silk Mills stock grow?
Yes, the Siyaram Silk Mills stock is expected to grow based on the analysis provided. Over the years 2025 to 2030, there’s a clear pattern of increasing share prices, indicating positive growth potential.
By 2025, Siyaram Silk Mills’ share price target is expected to witness a steady increase, reaching a maximum of ₹835.88 and a minimum of ₹642.99 in December 2025, based on our analysis.
Can Siyaram Silk Mills reach ₹1,000 INR?
While the analysis doesn’t specifically mention a ₹1,000 INR target, considering the consistent upward trend in share prices, it’s plausible that Siyaram Silk Mills’ stock could reach or exceed ₹1,000 INR in the coming years, especially if the current growth pattern continues. However, there’s a possibility of reaching the 1000 mark by the year 2028 or 2029.
Looking ahead to 2030, Siyaram Silk Mills’ shares are projected to continue their upward trajectory. With the price reaching ₹1,449.90 as the maximum and ₹1,014.93 as the minimum, there’s potential for substantial growth in the company’s stock by 2030.
Is it worthwhile to invest in Siyaram Silk Mills for the long term?
Investing in Siyaram Silk Mills for the long term appears promising, given the consistent growth in share prices observed in the analysis. This suggests a positive outlook for the company, making it a potential candidate for long-term investments.
CONCLUSION
In conclusion, the trajectory of Siyaram Silk Mills’ share price is a compelling narrative of potential growth. While the stock is currently valued at ₹534, the company’s strong fundamentals, such as a low P/E ratio of 10.8 (indicative of undervaluation), a healthy dividend yield of 2.06%, and impressive return on capital employed (ROCE) and return on equity (ROE) figures of 27.9% and 23.7%, respectively, underscore its promise.
However, it’s crucial to acknowledge the company’s challenges, particularly its limited sales growth of 5.17% over the past five years. While Siyaram Silk Mills has managed to reduce its debt and maintain a robust dividend payout of 148%, the sales growth remains a concern. Whether the company can bridge this gap and achieve its share price target of ₹1,000 INR by 2030 hinges on its ability to revitalize its sales and capitalize on its strengths. With a potential for improvement, Siyaram Silk Mills remains an intriguing prospect for investors seeking long-term growth.
What did we learn?
