Siyaram Silk

By Research Desk
about 10 years ago

 

For Owner of brands like J Hampstead, Oxemberg, Siyaram MSD, despite the challenging times in the textile sector, the company has remained pretty consistent in its performance. The company, for Q4FY15, has posted a 18% (YoY) rise in net revenue at Rs.479 crore. Costs rose 16% of which raw material comprised the maximum, which rose 25%. EBITDA for the quarter was at Rs.58 crore, up 35%. Operating margin improved from 10.59% to 12.08%. And it ended the quarter with a net profit of Rs.32 crore, up 60%.

The company’s total debt currently stands at around Rs.280 crore, up 2% YoY but at the same time, has a reserve of Rs.426 crore. On an equity of Rs.9.37 crore, FY15 EPS is at Rs.84 (Rs.10 FV). Siyaram has a retail network of 160 stores and plans to add another 200-300 stores over the next two or three years. In current fiscal, the company hopes to increase the share of ready-made garments to 20%.

683.70 (+14.30)