Sai Silks (Kalamandir) share price today

Sai Silks (Kalamandir) Ltd's share price was ₹73.70 at the close on 4 November 2026. It has been falling for 43 weeks. That is 26.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹65 and ₹173, and at that close it sat 8% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sai Silks (Kalamandir) Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 20 weeks running.

Over the last 3.1 years the share price moved −71% while the NIFTY 500 moved +28%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: lowest operating margin in 8 quarters.

1. Lowest operating margin in 8 quarters

   Operating margin was 14% in the June 2026 quarter, against 15% a year earlier.

   Why: The company sold less at existing stores because a full month of Adhik Maas, an inauspicious period, kept customers from buying. Store rents and staff costs stayed the same, so they took a bigger bite out of sales.

   Next results: check whether sales at older stores recover after Adhik Maas, especially in the Shravan wedding season, against management's 2-3% positive same-store sales recovery expectation.

   From the earnings call on 16 Jul 2026.

For April to June 2026 (the quarter ended 30 June 2026), Sai Silks (Kalamandir) reported revenue of ₹375 crore, down 1.1% from ₹379 crore a year earlier, and a profit of ₹26.0 crore, down 13.3% from ₹30.0 crore.

Sai Silks (Kalamandir) results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sai Silks (Kalamandir)'s management discussed these results on a call held on 16 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Sai Silks (Kalamandir) closed at ₹73.70 on 4 November 2026, down 57.5% from ₹173.42 a year earlier (7 November 2025) and down 69.5% over three years. Its highest weekly close since September 2023 was ₹298.75 on 24 November 2023.

Sai Silks (Kalamandir) share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

167 weekly closes from 29 September 2023 to 4 November 2026.

4 Nov 2026: Sai Silks (Kalamandir) closed at ₹73.70, up 13.5% on the week and down 0.9% on the month. 3 Aug 2026: ex-date for a dividend of ₹1.50 a share.

Earlier

• 16 Jul 2026: Sai Silks (Kalamandir) held its results call for April to June 2026. Management guided: FY27 consolidated revenue growth 12-15% supported by calendar advantage of 5-10% incremental wedding dates distributed across Q2-Q4 versus prior year.
• Results for April to June 2026: Revenue down 1.1% and profit down 13.3% on a year earlier.

Sai Silks (Kalamandir) paid ₹1.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 2.04% at the ₹73.70 close on 4 November 2026. The last was a dividend of ₹1.50 a share, ex-date 3 August 2026.

Sai Silks (Kalamandir) dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Sai Silks (Kalamandir) Ltd paid out 16% of its profit as dividends in FY26, and it paid a dividend in 3 of its last 9 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 16 July 2026, Sai Silks (Kalamandir)'s management guided: FY27 consolidated revenue growth 12-15% supported by calendar advantage of 5-10% incremental wedding dates distributed across Q2-Q4 versus prior year.

“Broadly, the revenue guidance for the full year will remain between 12% and 15%, as we discussed in previous interactions”Management, on the call for April to June 2026

What management guided

• Warehouse capital spending from IPO proceeds planned end-September deployment with location under final due diligence; full IPO fund allocation utilization expected by Q2 end.
• Profitability path: expect 2-3% positive SSG recovery contribution toward revenue achievement plus new store productivity and mix uplift; gross margin 42% levels planned through year-end despite dyeing and supply-chain cost inflation; full-year operating margin trajectory expected better than FY26.
• Store format strategy: Valli Silk format resumption planned Q4 and early Q1 following profitability reset; multi-format expansion within single geographies (Kalamandir focus in Karnataka and Tamil Nadu non-Vara Mahalakshmi formats) to optimize administrative efficiency and inventory planning.
• Kerala under active exploration but no commitment timeframe.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 16 July 2026.

When Sai Silks (Kalamandir) reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Post-Adhik Maas SSG recovery trajectory and Shravan month demand inflection: management flagged July 15 onwards (Shravan month auspicious wedding season) as acceleration trigger; track Q2 footfall, same-store sales, and revenue progression against 2-3% positive SSG recovery expectation.

Sai Silks (Kalamandir) is on 3 of our India lists: 52 week high & low, Dividend stocks and Penny stocks.

Sai Silks (Kalamandir) Ltd earned ₹26.0 Cr of net profit in the Jun 2026 quarter, −13.3% on the same quarter a year earlier. Full-year FY26 profit was ₹141 Cr. Over 8 years profit has grown 32.3% a year on average. That is 6.9% of the quarter's revenue. The same quarter a year earlier earned ₹30.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹141 Cr (+65.9% on the year before).

Why profit moved: revenue changed −1.1% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +42.9% and revenue +5.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Sai Silks (Kalamandir) Ltd reported ₹375 Cr of revenue in the Jun 2026 quarter, −1.1% on the same quarter a year earlier. Over 8 years it has grown 11.5% a year on average. The last full year, FY26, came in at ₹1,654 Cr. The last four reported quarters add to ₹1,649 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,654 Cr, +13.1% on the year before.

Recent pace: the last four quarters grew +5.8% on average, against 11.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +4.8%, against +11.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +20.2%, against +26.2% a year (rolling over).

Sai Silks (Kalamandir) Ltd's operating margin was 14.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 9 years it has been between 8.0% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed −0.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 125% of Sai Silks (Kalamandir) Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹323 Cr of operating cash against ₹141 Cr of profit. After ₹178 Cr of spending on assets, ₹145 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 125% of profit came in as cash: the cash cycle got 36 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

Sai Silks (Kalamandir) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 249 days in FY26, up from 213 days in FY21. It spent ₹365 Cr on assets over the last 3 years. Customers take 1 days to pay, and stock sits for 311 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,654 Cr, each day of that cycle ties up about ₹4.5 Cr, so roughly ₹1,128 Cr is tied up in the business at any time.

FY26: customers took 1 days to pay and stock sat for 311 days, about 10.2 months of sales sitting as stock, for a full cycle of 249 days, longer than FY21's 213.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 311 days. Customers pay about 1 days after that. Suppliers are paid at 62 days. Together that makes the 249-day cycle.

Spending on assets: ₹365 Cr over the last 3 years, against ₹160 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Sai Silks (Kalamandir) Ltd's P/E is 8.3×, about the lowest it has ever been. Its usual P/E (the middle reading) is 27.0×, over 3.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +65.0% while the price moved −57.5%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved −32.7% a year; about +11.8% a year came from earnings growth and about −44.5 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Sai Silks (Kalamandir) Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +49.4% at its peak to +20.2%, but the business is still expanding, with ROCE steady at 14.2%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Sai Silks (Kalamandir) Ltd earned a ROCE of 14% in FY26. That is up from a low of 7% in FY21. Its return on capital used (ROIC) is 1.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 8.5% net margin and 0.89× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 8.5% net margin × 0.89× asset turnover × 1.47× leverage (assets divided by equity) ≈ 11.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 10.2% − 12.0% = −1.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 10.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 11.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Sai Silks (Kalamandir) Ltd has total debt of ₹361 Cr against shareholder equity of ₹1,260 Cr as of Jun 2026, so its debt is 0.29× its equity, which is very little. Year by year, that ratio went from 1.32 in FY23 to 0.29 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in Sai Silks (Kalamandir) Ltd by 11.9 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 4.3% of the company. Foreign institutions moved −2.9 points over the same period, to 0.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −11.9 points over 8 quarters, to 4.3%; Foreign institutions: −2.9 points over 8 quarters, to 0.4%; Promoters: +0.2 points over 8 quarters, to 61.0%.

Why the owners changed: domestic institutions drove it (−11.9 points), together with foreign institutions (−2.9 points). They reduced their stake.

For Sai Silks (Kalamandir) Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

53.6 out of 100, rank 12 of 26 in Textiles - Readymade Apparel, with 81% of the evidence available.

Sai Silks (Kalamandir) Ltd scores 53.6 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 12. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 13.2 + 14.4 + 18.3 + 7.7 = 53.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Sai Silks (Kalamandir) ranks 12 of 26 Textiles - Readymade Apparel companies on the 4-Factor Sector Score, with 53.6 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Textiles - Readymade Apparel, all 26 compared on one page.

Sai Silks (Kalamandir) is the 22nd largest of 26 Textiles - Readymade Apparel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Go Fashion (India), Monte Carlo Fashions and Iris Clothings. Just below it: Karnika Industries, Credo Brands Marketing and Thomas Scott India.

Textiles - Readymade Apparel companies close in size

19. Go Fashion (India) Ltd ₹1,276 crore
20. Monte Carlo Fashions Ltd ₹1,055 crore
21. Iris Clothings Ltd ₹1,032 crore
22. Sai Silks (Kalamandir) Ltd ₹996 crore
23. Karnika Industries Ltd ₹827 crore
24. Credo Brands Marketing Ltd ₹472 crore
25. Thomas Scott India Ltd ₹369 crore

All 26 Textiles - Readymade Apparel companies, largest first

Companies close in size in other industries

1599. Lincoln Pharmaceuticals Ltd ₹1,000 crore · Pharma - Formulators
1600. Deep Energy Resources Ltd(Merged) ₹999 crore · Oil Drilling & Exploration
1601. Sai Silks (Kalamandir) Ltd ₹996 crore
1602. Century Enka Ltd ₹995 crore · Textiles - Manmade Fibre - PFY/PSF
1603. Remus Pharmaceuticals Ltd ₹994 crore · Pharma - Others

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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