Sai Silks is a leading company in the textile industry, the company is well known in south India and some other parts of India too but not that popular. Over the last 5 years, the Sai Silks have given a massive profit OF 44.8 CAGR. Let’s predict the Sai Silks share price target for 2024, 2025, and 2026 based on the analysis.
There are 50 to 70 companies that are involved in the textile industry i.e. textile manufacturing, producing, making products, etc. Due to the large number of companies in the textile industry the competition between them is very high. So, a detailed analysis of the textile industry, and companies are required before investing.
As per the data, the textile industry has been growing for decades continuously and there are very high chance that the textile industry will keep growing in the future just like the FMCG industry. For retail investors who want to continue growth with very little risk, the textile industry can be the best option but only in the leading companies.
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About Sai Silks
Sai Silks is a textile industry company which was founded in 2005. The current managing director of the company is Mr. Nagakanaka Chalavadi. Sai Silks company is involved in the business of producing and manufacturing skills products.
Sai Silks has approximately 4 brands i.e. Kalamandir, Mandir, Kancheepuram Varamahalakshmi Silks, and KLM Fashion Mall.
Each brand’s target is different KLM Fashion Mall is for budget-friendly fashion products for people who have limited money or low income. Kancheepuram Varamahalakshmi Silks and Mandir brand provides a skills saree.
With the help of different brands, they made a strong customer base or you say it is a type of market selling products with the help of different band names. If one band has a problem then other bands can easily handle it.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of the company among all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, it is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Sai Silks (Kalamandir) Limited were last updated on 09 January 2024. Check the latest data on any broker website or screener.
Profit Growth (Last 5 Years)
| Year | Profits (In Cr.) |
|---|---|
| March 2019 | ₹30.33 |
| March 2020 | ₹42.10 |
| March 2021 | ₹5.13 |
| March 2022 | ₹57.69 |
| March 2023 | ₹97.59 |
Quarterly Results (Profit)
| Quarter | Profits (In Cr.) |
|---|---|
| Jun 2022 | ₹28.56 |
| Sep 2022 | ₹17.45 |
| Mar 2023 | ₹20.24 |
| Jun 2023 | ₹16.79 |
| Sep 2023 | ₹23.36 |
Company Essentials
| Market Cap | ₹4,123Cr | ROE | 9.19% |
| P/E Ratio (TTM) | 44.96 | EPS (TTM) | 5.98 |
| P/B Ratio | 4.13 | Div Yield | 0.00% |
| Industry P/E | 102.82 | Book Value | 65.13 |
| Debt to Equity | 0.52 | Face Value | 2 |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 7.11% |
| DII | 18.85% |
| Public | 13.24% |
| Promoters | 60.8% |
| Other Holders | 0% |
Pros and Cons
Investing Rules
Investment rules play a major role in the life of an Investor to invest in the right stock, book profit at the right time, buy at the right time, sell at the right time, and many more… In a few words, it plays a major role in reducing risk in the stock market and maximizing profit.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
- Rule 1: Do not invest in penny stocks, if investing make sure most of the money is invested in the large-cap stock, large-cap mutual funds, etc. Penny stocks are hazardous, especially for retail investors.
- Rule 2: Invest for the long term, at least 5 to 6 years. Investing for the long term reduces a lot of risk. It is confirmed that the market will go up in the long term.
- Rule 3: Do not invest in many stocks, It will become very hard to analyze all the stocks regularly. So, invest in a limited number of stocks like 15 – 18 stocks only.
- Rule 4: Only invest in 1 – 2 stocks of a specific sector. In case, the stock faces any problem in the future your maximum investments will be safe.
- Rule 5: Investing in SIP mode will keep averaging your buying price with time and the return will be maximized as well.
- Rule 6: Invest only 5% to 6% in a single stock. In penny stocks, you should only invest in the 3% to 4%.
- Rule 7: You should have all the information about the stocks you invested like the company, company products & services, business model, company fundamentals, etc.
- Rule 8: Only invest or SIP in stocks only when it is available at a very high discount of 10% to 15% at least.
- Rule 9: When a stock you want to invest in is near its all-time high and has the potential to go up, you should invest in the stock in SIP mode.
- Rule 10: Do not invest in those stocks, which are in trouble and have problems in the company fundaments especially in penny stocks.
Sai Silks Share Price Target
Sai Silks has multiple brands for different products, it is a kind of marketing and selling one type of product in a brand. The advantage of the brand is they are targeting a particular need of people. Using this strategy there is very chance they can sell more products.
Sai Silk’s share price target for 2024, 2025, and 2026 is not very high as a lot of the company is already involved in the business or textile industry and some companies are leading in the business too.
Disclaimer: We are not SEBI registered and the below-given share target price by brokerage firms, analysts (share price forecast), and analysis by us is only for educational purposes, not any buying or selling recommendation. We will be not responsible for any profit and loss.
Sai Silks share price target 2024
After a few weeks of listing in the NSE and BSE the Sai Silks stock made a ll time high very quickly. However, the stock price did not sustain near its all-time high due to the profit booking. However, the profit booking was expected because of a massive return of 35% in just a few weeks.
As of now, the Sai Silks stock is approximately 15% from its all-time or you can say the stock is falling continuously or in a downtrend. If the stock does not take support around Rs. 256 then most probably it can go near its all-time low or listing price.
There can be a good opportunity for short-term trade in the Sai Silks stock. You can plan for some buying in the stock if it shows some reversal pattern near Rs. 256. But the SL in the trade can be big, so, you have to manage it through your position size.
Sai Silks share price target 2025
In the last 2024 or 2025, there are very high chance that the stock can give some good profit. Because the market is in a bull run phase, most probably the stock will go up with the market
As of now, the Indian stock market is very bullish and there are very high chance that it will give massive returns in the future. As the demand in the Sai Silks stock is very high, the stock will also give good profits in the future.
Always remember that it is a low-cap company and during the market fall the major effect can be seen on the penny stocks and low-cap stocks.
In 2025, we can expect a target of Rs. 300 to Rs. 400. Keep tracking the stock for a good investing opportunity.
Sai Silks share price target 2026
For the long term at least 2 to 3 years because the Sai Silks products are very popular in South India. The Sai Silks have approximately 54 stores which are in 12 cities.
As the company is operating in limited locations then it is very easy to understand the market or area to grow the business. Due to the limited area or locations, it is also very easy to manage.
In the textile industry, Sai SIlks is one of the top companies. Which is a type of small cap. So, if you like to invest in small-cap then you should check the stock.
FAQs
This depends from person to person, If you are a high-risk investor and have a good knowledge and expect of the investing then you can invest in the stock. On the other side, if you are a safe investor and don’t want to take risks then do not invest in the stock because it is a penny stock and they are very volatile.
In 2024, you can expect up to 5% to 6% target in the stock from its all-time high as of 09 January 2024.
Yes, Sai Silks is a penny stock. The market cap of the Sai Silks is approximately Rs. 4,023 Cr. If the market cap of any stock is lower than Rs. 5,000 Crore then it is considered as a penny stock.
Final Words: Sai Silks is a low-cap company but on the other side the company has given good profit growth over the last few years. The company has strong returning customers and can do a lot in the future. As you know company launches an IPO to get money and expand its business. Let’s see the Sail Silks share price target for 2024, 2025, and 2026 after the launch of the IPO.