KALAMANDIR

Sai Silks (Kalamandir) Limited

Speciality retailer of ethnic wear and designer silks

Consumer Discretionary›Consumer Services›Retailing›Speciality Retail

sskl.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹73.78
Market cap
1,132 Cr
Stock P/E
8.0
P/B
0.86
Dividend yield
1.3%
ROE (FY26)
11.2%
ROCE (FY26)
17.2%
Operating margin (FY26)
12.2%
Debt / equity (FY26)
0.02
OCF / EBITDA (FY26)
123.8%
OCF / EBITDA (3Y)
59.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Sai Silks (Kalamandir) runs company-owned, company-operated retail stores that sell sarees and other ethnic and wedding-season clothing, including men's and kids' wear, under formats such as Kalamandir and Varamahalakshmi Silks.

Company snapshot

14thBy market cap

Ranked among 18 companies in Speciality Retail.

What we see

Positives
  • ✓Debt-to-equity of 0.02x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales327 Cr382 Cr360 Cr267 Cr347 Cr449 Cr399 Cr379 Cr444 Cr411 Cr419 Cr375 Cr
Operating expenses (approx.)272 Cr324 Cr305 Cr248 Cr292 Cr370 Cr340 Cr322 Cr372 Cr341 Cr358 Cr323 Cr
EBITDA55 Cr58 Cr54 Cr19 Cr55 Cr79 Cr58 Cr57 Cr72 Cr70 Cr61 Cr52 Cr
OPM %16.8%15.2%15.1%7.1%15.9%17.6%14.7%15.1%16.2%17.1%14.6%13.8%
Other income2 Cr10 Cr8 Cr7 Cr6 Cr6 Cr5 Cr6 Cr5 Cr4 Cr5 Cr6 Cr
Interest14 Cr14 Cr11 Cr10 Cr10 Cr10 Cr10 Cr8 Cr7 Cr7 Cr8 Cr8 Cr
Depreciation12 Cr12 Cr12 Cr13 Cr13 Cr13 Cr14 Cr14 Cr15 Cr16 Cr14 Cr15 Cr
Profit before tax32 Cr42 Cr39 Cr3 Cr39 Cr62 Cr39 Cr40 Cr54 Cr51 Cr44 Cr34 Cr
Tax %26.1%23.8%25.6%25.6%39.0%25.2%65.8%25.3%26.3%25.3%25.5%25.5%
Net profit23 Cr32 Cr29 Cr2 Cr24 Cr46 Cr14 Cr30 Cr40 Cr38 Cr33 Cr26 Cr
EPS (₹)₹1.92₹2.23₹1.95₹0.14₹1.61₹3.12₹0.92₹2.04₹2.72₹2.59₹2.22₹1.74

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales677 Cr1,129 Cr1,351 Cr1,374 Cr1,462 Cr1,654 CrSign in free for the trailing twelve months
Operating expenses (approx.)615 Cr996 Cr1,139 Cr1,162 Cr1,250 Cr1,393 CrSign in free for the trailing twelve months
EBITDA62 Cr133 Cr213 Cr212 Cr212 Cr261 CrSign in free for the trailing twelve months
OPM %9.2%11.8%15.7%15.4%14.5%15.8%Sign in free for the trailing twelve months
Other income2 Cr4 Cr7 Cr23 Cr24 Cr19 CrSign in free for the trailing twelve months
Interest27 Cr29 Cr45 Cr53 Cr40 Cr31 CrSign in free for the trailing twelve months
Depreciation29 Cr31 Cr41 Cr48 Cr53 Cr59 CrSign in free for the trailing twelve months
Profit before tax7 Cr77 Cr134 Cr135 Cr143 Cr190 CrSign in free for the trailing twelve months
Tax %29.8%25.4%26.9%25.1%40.2%25.7%Sign in free for the trailing twelve months
Net profit5 Cr58 Cr98 Cr101 Cr85 Cr141 CrSign in free for the trailing twelve months
EPS (₹)₹0.43₹4.79₹8.11₹7.51₹5.80₹9.56Sign in free for the trailing twelve months
Dividend payout %———0.0%17.3%10.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr24 Cr24 Cr29 Cr29 Cr29 Cr
Reserves219 Cr277 Cr373 Cr1,033 Cr1,102 Cr1,231 Cr
Borrowings217 Cr260 Cr345 Cr258 Cr167 Cr20 Cr
Other liabilities205 Cr281 Cr478 Cr321 Cr342 Cr568 Cr
Total liabilities665 Cr842 Cr1,220 Cr1,642 Cr1,641 Cr1,849 Cr
Fixed assets (net)159 Cr163 Cr205 Cr222 Cr251 Cr273 Cr
CWIP2 Cr——2 Cr0.18 Cr0.65 Cr
Investments———0 Cr0 Cr0 Cr
Loans & advances———21 Cr26 Cr26 Cr
Inventories367 Cr476 Cr690 Cr723 Cr778 Cr816 Cr
Trade receivables2 Cr2 Cr3 Cr3 Cr3 Cr2 Cr
Cash & bank4 Cr9 Cr5 Cr44 Cr85 Cr19 Cr
Other assets131 Cr192 Cr318 Cr626 Cr498 Cr711 Cr
Total assets665 Cr842 Cr1,220 Cr1,642 Cr1,641 Cr1,849 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-15 Cr46 Cr41 Cr-21 Cr107 Cr323 Cr
Cash from investing-18 Cr-42 Cr-60 Cr-332 Cr118 Cr-153 Cr
Cash from financing19 Cr0.70 Cr15 Cr393 Cr-184 Cr-236 Cr
Net cash flow-14 Cr4 Cr-4 Cr40 Cr41 Cr-66 Cr
Free cash flow (OCF − Capex)-21 Cr20 Cr-19 Cr-63 Cr54 Cr272 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.6%18.9%24.1%14.2%14.1%17.2%
ROE %2.1%19.2%24.6%9.5%7.5%11.2%
Debtor days111111
Inventory days197154186192194180
Days payable58426216736
Cash conversion cycle141113125177188144
OCF / EBITDA %-24.4%34.3%19.4%-10.1%50.5%123.8%
OCF / EBITDA % (3 years)——17.6%11.7%19.9%59.6%
Debt / equity0.890.870.870.240.150.02
Current ratio1.361.381.413.414.485.18
Net debt / EBITDA3.411.891.601.010.380.0033