NSE CODE : SIYSIL
BSE CODE: 503811
FV : 10
MCAP : 286 crore
EPS(TTM) : 57.82
Incorporated in 1978, Siyaram Silk Mills Ltd. (SSML) which is a part of Siyaram poddar group is engaged in the business of manufacturing synthetic fibers. It’s product portfolio includes of yarn, fabrics, ready-made garments and home textiles. All the products are done by intensive R&D (research and development) and ultra-modern facilities of yarn dyeing, weaving and garmenting. Siyaram products are available at 40,000+ outlets all over the country. It also has exclusive outlets which offer entire range of products of the company. Siyaram Silk Mills (SSML) FY10, net sales grew by 24.46% YoY to Rs. 662.46 crore and net profit surged a staggering 194.84% to Rs. 33.72 crore YoY. Q3 result was also good. If we calculate the expected earning of Q4, EPS is expected to stand around 60. Recently, CRISIL has given fundamental grade 4/5 to Siyaram Silk Mills Ltd. Textile industry was going through rough time since long time but things are improving now and Siyaram Silk Mills Ltd (SSML) is poised to take advantage with In-house Operations, In-Depth R&D, Strong balance sheet and Pan India coverage. One Can Buy @ CMP(301.50) and till 260 for Target 400/437+ in Next 12-15 Months.
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