KALAMANDIRConsumer Discretionary

Sai Silks (Kalamandir) Limited

Speciality Retail · ISIN INE438K01021 · BSE 543989 · NSE EQ · FV ₹2
Last price
₹77
-1.27%today
What this company does

Sai Silks (Kalamandir) Limited operates in Speciality Retail, part of the Consumer Discretionary sector. It booked ₹375 cr of revenue in its latest quarter (Q1 FY27) and kept 6.8% of sales as profit.

Sai Silks (Kalamandir) Limited is one of South India’s leading ethnic apparel retailers, offering a Government Support for Traditional Textiles diverse portfolio of sarees, ethnic wear, and value- fashion products through a multi-format retail Initiatives promoting indigenous products, platform.
The Company is primarily engaged in the retail trading of textile and apparel products and is not engaged in manufacturing activities.
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 326–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
21

At close. Not part of the score.

Profitability & returns54

How much profit it earns on the money it employs

Balance sheet78

How much it owes, and whether earnings cover the interest

Cash quality67

Whether reported profit actually arrives as cash

Valuation76

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 61%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.8% net margin
! Profit down 15% vs last year

What if I invest in KALAMANDIR?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The slider starts at 10%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹77 -1.27%
latest close · 2026-09-17
52-wk low ₹7742 sessions so far52-wk high ₹92
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.0Low
LowAverageHigh
P/B ratio0.90Below book
Below bookModerateHigh
EV / EBITDA4.9Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.1%Fair
WeakFairStrong ▸15%
Return on capital10.6%Fair
WeakFairStrong
Net margin6.8%Decent
ThinDecentStrong
EBITDA margin15.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover5.1×Strong
RiskyOkayStrong ▸5×
Current ratio5.18Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,132 cr
Book value
₹86
EPS
₹1.74
latest quarter
Net debt
₹85 L
owes more than its cash
Enterprise value
₹1,132 cr
EBITDA
₹230 cr
annualised
EBIT
₹171 cr
annualised
Operating margin
11.4%
Return on assets
5.5%
Earnings yield
9.06%
P/S
0.75
Sales / share
₹101.8
Tax rate
25.5%
Face value
₹2
Shares
14.7 cr
Working capital
₹980 cr
Current assets
₹1,214 cr
Current liabilities
₹234 cr
Delivery %
58.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 14% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹115₹136, midpoint ₹125

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹375 cr
Other Income₹6 cr
Total Income₹381 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹280 cr
Inventory Change (±)₹-63 cr
Employee Benefit Expense₹53 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹15 cr
Other Expenses₹53 cr
Total Expenses₹346 cr
Profit before Tax₹34 cr
Tax Expense₹9 cr
Net Profit₹26 cr
Net margin on total income6.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹218 cr57.2%
Employee benefit expense₹53 cr13.8%
Finance costs₹8 cr2.2%
Depreciation & amortisation₹15 cr3.9%
Other expenses₹53 cr13.9%
Tax expense₹9 cr2.3%
Profit for the period₹26 cr6.7%
Total income ₹381 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue411 cr419 cr375 cr
Total income415 cr424 cr381 cr
Expenses364 cr380 cr346 cr
Profit before tax51 cr44 cr34 cr
Tax13 cr11 cr9 cr
Net profit (owners' share)38 cr33 cr26 cr
Net margin (owners' share, on revenue)9.3%7.8%6.8%
EPS (₹)2.592.221.74
YoY (latest quarter): total income -1.0% · net profit -14.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,849 cr
Shareholder equity
₹1,260 cr
parent shareholders
Total debt
₹20 cr
Cash
₹19 cr
Cash flow · H1 FY26
Operating
₹180 cr
Investing
₹-35 cr
Financing
₹-192 cr
Peer comparison
Speciality Retail · by market value
CompanyPriceMarket capP/E
Trent Limited₹2,789₹1.49 L cr71.7
Lenskart Solutions Limited₹680₹1.18 L cr132.8
Arvind Fashions Limited₹425₹15,648 cr141.7
Vedant Fashions Limited₹568₹13,788 cr51.6
Aditya Birla Lifestyle Brands Limited₹82₹10,058 cr85.8
Aditya Vision Limited₹633₹8,175 cr26.5
V2 Retail Limited₹210₹7,672 cr45.7
Aditya Birla Fashion and Retail Limited₹50₹6,158 cr
Shankara Buildpro Limited₹1,245₹3,019 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.95%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 3 Aug 2026
ActionDetailEx-date
Dividend₹1.5 / share3 Aug 2026
Dividend₹1 / share22 Aug 2025
Dividend₹1 / share20 Sep 2024
Who owns it · 2026-06-30
No pledge
Promoter
61.0%
FII / Foreign
0.6%
DII / Domestic
6.3%
Retail / others
28.2%
Promoter stake up 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtKALYAN SRINIVAS ANNAM · Promoter Group87.50 L19 Jun 25
BoughtSSKL FAMILY TRUST · Promoter Group1.45 cr19 Jun 25
BoughtDOODESWARA KANAKA DURGARAO CHALAVADI · Promoter Group57.79 L19 Jun 25
Bulk / block deals
BoughtQE SECURITIES LLP · NSE16.10 L @ ₹209.0128 Oct 25
SoldQE SECURITIES LLP · NSE15.96 L @ ₹211.928 Oct 25
SoldPACE STOCK BROKING SERVICES PVT LTD · NSE9.34 L @ ₹211.2128 Oct 25
Stake changes
SoldSBI Mutual fund under its Various Schemes→ 4.07% · 13.18 L3 Oct 25
BoughtM/s. SSKL Family Trust · promoter→ 25.71% · 1.45 cr19 Jun 25
SoldMr. Kalyan Srinivas Annam · promoter→ 0.00% · 87.50 L19 Jun 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 10 Aug 2026
See the official result
1
To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026 along with the Notes thereon and the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
64.35 L votes for, 1,091 against · 0% of mutual funds and other big investors said no
2
To declare final dividend @ Rs1.50/- per Equity Share of Rs. 2/- each for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
64.35 L votes for, 1,031 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Doodeswara Kanaka Durgarao Chalavadi (DIN: 02689280) who retires by rotation and being eligible offers himself for reappointment.
Backed by 100% of shareholders other than promotersneeded 50%
64.34 L votes for, 2,179 against · 0% of mutual funds and other big investors said no
4
Reappointment of Statutory Auditors of the Company.
Backed by 99% of shareholders other than promotersneeded 50%
64.00 L votes for, 36,158 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 61.0% between them · as of 2026-06-30
NAGA KANAKA DURGA PRASAD CHALAVADI32.97%
SSKL FAMILY TRUST25.71%
JHANSI RANI CHALAVADI2.28%
DOODESWARA KANAKA DURGARAO CHALAVADIno shares
KALYAN SRINIVAS ANNAMno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹600 cr raised in Sep 2023 by selling shares to the public

As of Jun 2026, the company says it has spent 95% of what it set aside, leaving ₹27 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

Funding capital expenditure towards setting-up of 30 new stores (“New Stores”);
originally ₹125 cr
budget changed
95%
₹116 cr of ₹123 cr
Funding capital expenditure towards setting-up of two warehouses;
20%
₹5 cr of ₹25 cr
Funding working capital requirements of our Company;
originally ₹280 cr
budget changed
100%
₹282 cr of ₹282 cr
Repayment or pre-payment, in full or part, of certain borrowings availed by our Company; and
100%
₹50 cr of ₹50 cr
General corporate purposes.
100%
₹86 cr of ₹86 cr
Spent by quarter: 68%69%71%81%93%95% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.