Siyaram Silk Mills Ltd
About
Siyaram Silk Mills Limited is an Indian textile and fashion conglomerate that specialises in menswear. The company has manufacturing plants in Tarapur, Daman, Amravati, and Silvassa, producing 100 million meters of fabric and 5 million garments annually. Siyaram’s portfolio includes in-house brands like J. Hampstead, Oxemberg, Mozzo, Inspiro, and Tessio as well as the third-party Italian brand-Cadini. The company has strategic partnerships with brands such as M&S, Burton, Topshop, Target and Calvin Klein, among others. Siyaram’s has also ventured into the home furnishing market with product placement in 1000+ retail and multi-brand outlets across the country. The company has a global footprint, exporting to Vietnam, Bangladesh, China and Ethiopia.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2155 -6.8% | 2311 12.8% | 2048 113.9% | 958 -60.5% | 2426 -1.7% | 2467 -2.7% | 2537 21.1% | 2095 -3.3% | 2167 12.7% | 1923 18.1% | 1628 22.5% | 1329 15.6% | 1150 7.5% | 1069 33.9% | 799 23.9% | 645 - |
| Net Operating Income (INR Cr) | 2092 -6.29% | 2233 17.19% | 1905 74.89% | 1089 -53.91% | 2363 -3.22% | 2442 0.79% | 2423 0.00% | 2075 -0.42% | 2079 0.00% | 1902 18.12% | 1610 24.59% | 1292 16.20% | 1112 9.32% | 1017 27.77% | 796 22.90% | 648 9.87% |
| Profit (INR Cr) | 185 -26.4% | 251 16.1% | 216 - | 4 -94.8% | 69 -30.1% | 99 -10.6% | 111 21.8% | 91 7.2% | 85 7.7% | 79 23.9% | 64 15.6% | 55 -3.0% | 57 -1.4% | 58 70.9% | 34 194.2% | 11 - |
| Assets (INR Cr) | 1366 0.7% | 1356 11.5% | 1216 25.9% | 966 -23.5% | 1263 -0.6% | 1270 -3.0% | 1309 36.6% | 958 -0.2% | 960 22.8% | 782 9.5% | 715 15.3% | 620 16.7% | 531 4.7% | 507 41.1% | 360 -4.1% | 375 - |
| Net Worth (INR Cr) | 1137 0.0% | 1137 21.7% | 934 21.8% | 767 0.6% | 762 1.0% | 755 11.3% | 678 0.0% | 597 17.9% | 508 0.0% | 435 17.7% | 370 17.7% | 314 17.6% | 267 21.5% | 220 29.5% | 170 19.4% | 142 4.4% |
| Employee Cost (INR Cr) | 173 -3.9% | 180 12.2% | 160 29.7% | 124 -36.8% | 196 -1.4% | 198 4.4% | 190 12.6% | 169 14.6% | 147 19.4% | 123 14.3% | 108 21.1% | 89 41.8% | 63 67.4% | 38 11.4% | 34 8.8% | 31 - |
| Interest Cost (INR Cr) | 20 | 20 | 18 | 30 | 43 | 48 | 34 | 32 | 31 | 31 | 29 | 25 | 24 | 15 | 12 | 17 |
| Cash & Bank Balance (INR Cr) | 9 | 6 | 6 | 6 | 5 | 9 | 24 | 5 | 6 | 5 | 6 | 3 | 2 | 3 | 3 | 2 |
| Total Debt (INR Cr) | 175 | 163 | 223 | 139 | 433 | 444 | 573 | 305 | 408 | 309 | 314 | 278 | 237 | 266 | 190 | 233 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.6% | 10.9% | 10.6% | 0.4% | 2.9% | 4.0% | 4.4% | 4.3% | 3.9% | 4.1% | 3.9% | 4.1% | 4.9% | 5.4% | 4.2% | 1.8% |
| Profit As % Of Assets | 13.5% | 18.5% | 17.8% | 0.4% | 5.5% | 7.8% | 8.5% | 9.5% | 8.8% | 10.1% | 8.9% | 8.9% | 10.7% | 11.3% | 9.4% | 3.1% |
| Profit As % Of Networth | 16.3% | 22.1% | 23.2% | 0.5% | 9.1% | 13.1% | 16.3% | 15.3% | 16.7% | 18.1% | 17.2% | 17.5% | 21.2% | 26.2% | 19.8% | 8.0% |
| Interest Cost to EBITDA % | 7.1% | 5.4% | 5.4% | 55.7% | 25.7% | 20.6% | 14.3% | 16.1% | 16.5% | 17.6% | 20.5% | 22.8% | 20.6% | 13.7% | 17.1% | 39.8% |
| Debt to Equity Ratio | 0.15 | 0.14 | 0.24 | 0.18 | 0.57 | 0.59 | 0.85 | 0.51 | 0.80 | 0.71 | 0.85 | 0.89 | 0.89 | 1.21 | 1.12 | 1.64 |
| RONW | 16.3% | 24.2% | 25.4% | 0.5% | 9.1% | 13.8% | 16.3% | 16.5% | 16.7% | 19.6% | 18.6% | 18.9% | 23.3% | 29.5% | 21.6% | 8.2% |
| ROCE | 19.7% | 27.3% | 28.3% | 2.8% | 10.1% | 15.6% | 15.6% | 17.5% | 16.8% | 20.0% | 19.0% | 18.6% | 20.3% | 22.6% | 16.6% | 8.1% |