Siyaram Silk Mills Limited (SIYSIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+232.9%

₹1,559.50

vs ₹468.40 price

Levered DCF

₹183.45

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.15

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	8.56×	15.47×	11.4×	7.77×	9.09×	245.26×	9.98×	20.65×
P/B	1.35×	2.38×	1.85×	1.71×	2.11×	1.14×	0.91×	2.71×
P/S	0.77×	1.37×	1.01×	0.87×	1.03×	0.8×	0.41×	1.13×
EV / EBITDA	6.97×	11.97×	7.05×	5.16×	5.94×	10.65×	5.56×	9.44×
Gross margin	29.6%	41.4%	50.9%	22.6%	48.3%	37.4%	47.6%	51.2%
Operating margin	9.9%	33.1%	38.4%	14.0%	14.5%	-0.1%	6.2%	9.9%
Net margin	9.0%	8.9%	8.8%	11.2%	11.4%	0.3%	4.1%	5.5%
Current ratio	2.42×	2.64×	2.73×	2.66×	2.1×	2.29×	1.77×	1.79×
Debt / equity	0.24×	0.2×	0.15×	0.14×	0.24×	0.18×	0.57×	0.59×
Interest coverage	7.43×	30.93×	39.56×	15.87×	15.24×	-0.05×	2.44×	3.74×
Dividend yield	2.7%	1.6%	2.4%	2.4%	2.5%	0.0%	8.8%	1.0%
Payout ratio	23.5%	25.2%	27.3%	19.0%	22.9%	7.5%	87.6%	19.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.8%	15.4%	16.2%	22.0%	23.2%	0.5%	9.1%	13.1%
Return on invested capital	10.2%	33.4%	43.6%	17.3%	16.7%	-0.2%	6.7%	9.1%
Return on assets	10.5%	10.4%	11.5%	15.3%	14.3%	0.3%	4.7%	6.6%
Free cash flow yield	0.8%	3.7%	3.3%	9.1%	-1.5%	35.4%	22.5%	7.2%
Earnings yield	11.7%	6.5%	8.8%	12.9%	11.0%	0.4%	10.0%	4.8%
Enterprise value	₹23.2B	₹33B	₹22.7B	₹21.1B	₹21.8B	₹10.1B	₹11.2B	₹24.8B
Net debt / EBITDA	1.03×	0.93×	0.52×	0.39×	0.59×	1.42×	2.13×	1.66×
Cash conversion cycle (days)	154	151	192	148	145	134	175	183