Siyaram Silk Mills Limited has informed the Exchange about Investor Presentation
To,
BSE Limited Corporate Relationship Department 1st Floor, P.J. Towers, Dalal Street Mumbai 400 001
Scrip Code: 503811
Dear Sir/Madam,
17th May, 2023.
India
National Stock Exchange of Limited Listing Department-Corporate Services Exchange Plaza, 5th Floor, Plot No. C/1 Bandra Kurla Complex Bandra East, Mumbai 400051 Scrip Symbol: SIYSIL
Subject: Investors / Earnings Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
With reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investors/ Earnings Presentation for the year ended March 31, 2023. The Company will use this presentation for any meeting scheduled with analysts or institutional investors. The above information will also be available on the website of the Company at www.siyaram.com.
Request to kindly take this intimation on record.
Thanking you,
Yours faithfully, For SIYARAM SILK MILLS LIMITED
William Fernandes Company Secretary
Encl : a/a.
Corporate office: B - 5, Trade World, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013 (India)
Phone : 3040 0500, Fax: 3040 0599 Email: william.fernandes@siyaram.com Internet: www.siyaram.com CIN : L17116MH1978PLC020451 Registered Office: H – 3/2, MIDC, A – Road, Tarapur, Boisar, Palghar – 401 506 (Mah.)
Investor Presentation | Q4 & FY23
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Siyaram Silk Mills Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
2
Our Legacy, Our Future
Our Legacy, Our Future
From 1978 till today, through our fabrics and brands, we have carved a niche in the hearts and minds of millions.
Amongst India’s most renowned brands and marketers of fabrics, readymade garments, and other textiles products.
Strong brands & sub-brands like Siyaram, Mistair, J. Hampstead, CADINI, Oxemberg and many more
Operates franchises, retail stores and online platform presence, which offer menswear fashion fabrics, apparel, and accessories
An ISO 14001:2008, 45,001: certified company, with integrated state-of-the-art Tarapur, manufacturing Daman, Amravati and Silvassa
across
plants
A distribution ecosystem with brands focusing on all the segments of the market
Today, when we say, “Come home to…”, the world says… Siyaram’s
4
We Improve. Grow. Accelerate
Phase 01
Phase 02
Phase 03
Phase 04
Manufacturing
Business Expansion
Brand Creation
Innovation & Asset Light Model
1978-1987
o Established in 1978
o Went Public in 1980
o Setup capacity for manufacturing & weaving and processing at Tarapur
1991-2009
o Started brand promotion exercise for brand Siyaram with the tagline to Siyaram’s”
“Coming Home
o Introduced Oxemberg to venture
into readymade garments
o Launched J. Hampstead to market with 100% pure worsted suiting fabrics
o Started & expanded the weaving
capacity at Silvassa
o Launched Mistair, a fashion brand
for fabrics
2013-2020
o Siyaram’s voted as the most trusted brand by Economic Times and Nielsen Media Research
o Acquired the Italian Brand Cadini
o Set up indigo rope dyeing unit at
Amravati
o Launched Siyaram’s Mozzo – A
casual Apparel Brand
o Set Guinness World Record for
online Textile Mahakumbh
2021-2023
o Launched DEN - KNIT Knitted
Denim fabric brand
o Launched Siyaram’s Exclusive Knit
Wear Brand – Tessio
o Launched
range blended shirting under BREEZY
sub
Bamboo of fabric brand brands EVITA &
o Launched Ethnic wear
fabric
brand Ethnair
We serve multiple end markets..
800+
100+Mn Meters
Distributors spread across pin codes
Fabric Sold in FY23
225+
Stores Across Nation
1.75Lsqft
Retail Space
5+Mn pieces
Apparels Sold in FY23
Distributors MBO’s
Institutions
Online Marketplace Exclusive Shops
5Mn and counting…
Customers Served
*Company estimates
6
…through Different Brands and Sub-Brands
FABRICS
GARMENTS
7
…through serving Different Customer Needs
8
…through our Innovative Offerings
BLENDED BAMBOO FABRIC
TERRY RAYON SUITING FABRIC
KNIT INDIGO
JET BLACK COLLECTION
KNIT WEAR
The urge to innovate, the quest for artisanal fabrics, and the transmission of exceptional know-how have enabled the creation of world-class bamboo cotton fabric clothing in India to stand the test of time and forge the uniqueness of Siyaram’s
ETHNIC WEAR
9
…through Brand Ambassadors
…endorsing our Brands over the years
10
…through Our Expertise in Every Facet of the Production Process
“An optimum mix of In-house and Outsourcing makes it a scalable and Asset-light model”
Daman
Silvassa
Tarapur
Amravati
Warping section hosts Bromas (Robotic), Karl Mayer and Benninger (Switzerland)
Our Manufacturing Plants
Weaving technology like Rapier: Picanol (Belgium) and Dornier (Germany), Projectile: Sulzer Textile (Switzerland), Airjet: Toyoda (Japan)
11
…through In-house Design Studio and Top-Notch Technology
In-house Design Studio
Every dream is distinct, and we ensure that our teams, the creative vision, materials, and craftsmen all work together to create a unique translation. We uphold the highest standards for materials, perfect lines, and meticulous attention to detail
Our in-house Design Studio comprises textile designers who have honed their skills through years of practice and work tirelessly to create designs that are both beautiful and comfortable
Moreover, our R&D department combines innovative textiles with the contemporary needs of today's man
WOOL BLENDS
100% COTTON
BLENDED BAMBOO FABRIC
TERRY RAYON
COTTON BLENDS
100% LINEN & LINEN BLENDS
12
As we offer stylish and comfortable products, we also prioritize the safety of our customers. We ensure safety and unparalleled quality by using eco-friendly chemicals in all our fabrics and subjecting them to rigorous quality checks at every stage
…through our Global Presence
Export Regions
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
Australia
Bahrain
Bangladesh
Canada
Colombia
Dubai
Egypt
Germany
Hong Kong
Indonesia
Japan
Jordan
Kuwait
✓ Malaysia
✓ Mexico
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
Nepal
New Zealand
Oman
Qatar
Saudi Arabia
South Korea
Thailand
UAE
UK
USA
Vietnam
✓ West Indies
✓
Yemen
Cadini Sales Regions
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
✓
Austria
Belgium
Canada
Cote d’Ivore
Egypt
France
Great Britain
Greece
Iraq
Ireland
Italy
Nigeria
Norway
Puerto Rico
Russia
Senegal
Hong Kong
South Africa
Sweden
USA
13
Our Organization
Our Vision, Mission & Values
VISION
MISSION
To be the preferred partner to every stakeholder in the textile and fashion industry by delivering high quality fabrics, implementing design-driven innovation, building trust, creating unsurpassed value and delighting customers time and again
To provide quality products and to be a name, synonymous with high fashion in India and across the globe
VALUES
Core Values
Passion
Integrity
Team Spirit
Humility
Value Creation and Excellence
15
Our Leadership Team
Ramesh Poddar Chairman & Managing Director
Pawan Poddar Joint Managing Director
Shrikishan Poddar Executive Director
Gaurav Poddar Executive Director
Mr Pawan Poddar’s vision from the beginning was to make Siyaram’s a truly state-of-the art manufacturing organisation. His efforts stood the Siyaram’s manufacturing plants are considered the best in the industry.
and today
time
test
of
Mr Poddar is also a well-known social figure who participates in various causes and activities supported by trade associations and industrial bodies such as FAITMA, BTRA and TIMA to make a difference in the industry.
Mr Ramesh Poddar is a stalwart of textile industry having rich experience of over 4 decades.
He has been instrumental in creating brand Siyaram’s. His futuristic vision made Siyaram’s a brand that exudes dynamism, quality and innovation. He led the company to build comprehensive product portfolio of suitings, shirtings and garments.
Mr Poddar is a member of various charitable trusts, offering services in many sectors. He was also a member of Textile committee to the Government of India and has represented the industry forums & key associations. People in industry regard him as mentor because of his vast experience & knowledge and seek his help in solving complex business challenges.
through
trade
leadership,
Under his become one of household house hold names in India.
the most
today Siyaram’s has trustworthy and
Mr Shrikishan Poddar established the Exports Division in Siyaram’s to tap into global markets. With his intuition and relentless innovation, Siyaram’s expanded to the USA, Europe, Australia, Far East, Gulf and Sri Lanka.
He launched Siyaram’s home furnishings, offering fashionable curtains and upholstery fabrics.
With his unending quest he made Siyaram’s a prominent force in International markets
Mr Gaurav Poddar is a new age leader whose dynamic and high energy persona always guides teams to excel in business.
He is involved in strategic planning for the group and new business initiatives especially in garments and retail businesses.
He has also contributed significantly across functions such as manufacturing, product development and technology upgradation.
Mr Poddar inherited his family’s business acumen and combined it with a modern outlook making him a role model for young and budding entrepreneurs
16
Our Experienced Board
SHRI. SACHINDRA N. CHATURVEDI
SHRI. CHETAN S. THAKKAR
SHRI. DEEPAK R. SHAH
SMT. MANGALA R. PRABHU
DR. ASHOK N. DESAI
He is a Graduate and has done his LLB from Shivaji University Kolhapur and LLM from Bombay University. He thereafter qualified as a Solicitor from Bombay and has since been associated with Kanga & Co., as an Associate and then as a partner from 2006 onwards. He is in practice for over 19 years and has vast experience in matters relating to capital markets including IPO, Rights Issues, QIPs, FCCB offerings foreign collaborations, Mergers & Acquisitions, private equity investments, corporate laws, banking, loan syndication, ECBs FDI, franchising, insurance matters and intellectual property matters.
of
and He
He is a Fellow member of the ICAI, a bachelors’ degree with honors in Technology and holds a master’s degree in business administration. He has over 32 years of experience as a Practicing Chartered Accountant, and he is a Bombay Chartered member society Tax Accountants’ Consultants has Association. expertise in the areas of Audit, Taxation, Project / Corporate Finance, Investment Banking, M&As, Corporate Laws, DD exercises, Valuation, Restructuring & Rehabilitation and Strategic Business Planning. He has varied experience of auditing BFSI, PSU and many large companies. He valuable experience in monitoring / inspection / investigating / companies at the behest of banks / FIs / IT authorities / High Courts/ NCLT/ as well as inspection of books and records of MFs/ SE brokers/ plantation companies on behalf of SEBI.
also has
He is a Graduate and a Fellow member of the ICAI with 30 years of experience in the field of Direct and Indirect Tax. India He was the Chairman of All Federation of Tax Practitioners Western Zone for 2018 and 2019 and also the Taxation Chairman Chartered Committee Accountants’ Society. He has served as President Chartered Accountants’ Society in the year 2012- 13. He also served as an Editor of BCA Referencer for 12 years till 2012. He has expertise in the field of Audit, Company Law and Taxation (Direct and Indirect)
Indirect Bombay
Bombay
of of
of
cross multiple
She is a Postgraduate in Commerce, a Law Graduate as well as CAIIB. She has 41 years of experience in the Banking roles Sector with spanning across corporate credit, foreign exchange, HR and branch as banking. Presently working a imparting Consultant Financial Corporate Financial Advisory Services in Mid/ Large Corporate Clients.
He holds a Ph. D (Tech) in Textile Technology and is a Fellow of Institute of Engineers, India. He joined Bombay Textile Research Association (BTRA) in 1980. In July 2000 he took over as Director of BTRA and he initiated many activities towards self-sufficiency and finance disciple as well as gave a new direction to BTRA. He is a Scientist member of the Governing Council of SITRA . He is also the Chairman of TX30 Indian and TX33 of Standards and is Chairman of Textile Division Council of Bureau of Indian Standards. He has gained expertise in the fields of Spinning Technology, Microbiology, E-beam Radiation of Textiles, Plasma Processing applications to Textiles and other related fields.
the Bureau of
17
Testimony to our Success
Guinness Book of World Records for creating World’s most viewed livestream
Ranked amongst "TOP 100 FRANCHISE OPPORTUNITIES"
Awarded as India's Most Attractive Brands by Trust Research Advisory
Awarded as Most Trusted Brand by Economic Times & Nielsen Media Research
18
Our Social & Sustainability Initiatives
Blind Cricket Tournament, Mumbai
Conducted Tailoring Workshops across 8 states
Disease Prevention Equipments at Tata Memorial, Mumbai
World Environment Day, Tarapur
Yoga Day Campaign, Mumbai
Green Energy Initiatives, Tarapur & Silvassa
19
Our Strategic Priorities
Strategic Priorities
01 Strengthen Distribution
Network
04 Expand Stores through Franchise Model
02 Manufacturing through
Outsourcing Partners
05 Focus on Innovation &
Quality Experience
03 Leverage Brand Siyaram’s
06 Promote Tailoring in the Community
21
Franchise Model : Win-win Proposition
Partnering with Siyaram's shop will provide a lucrative & sustainable business model and unmatched growth opportunities
BRAND’S LEGACY
WARDROBE SOLUTION
MULTIPLE BRANDS
WIDE TARGET AUDIENCE
E S I H C N A R F
Y N A P M O C
Of over 4 decades
Fashioning Modern Man
Under One Roof
Right from 18 years to 60+ men
TAILOR FIT
LOYALTY PROGRAM
PAYBACK PERIOD
READY CUSTOMER BASE
Customized Services
Base of 2.17 lac members
~3 years
Higher Footfall
HIGHER MARKET SHARE
INCREASED REACH
HIGHER ROCE
LOWER DEBT
FASTER GROWTH
22
Outcome of Strategic Actions
Return on Capital Employed %
* Adjusted for cash & Investments
Asset Turnover ratio (x)
22.4
13.1
FY19
FY20
Return on Equity %
3.6
FY21
31.8
32.6
1.19
1.13
1.39
1.41
0.80
FY22
FY23
FY19
FY20
FY21
FY22
FY23
24.8
24.2
0.7
FY21
FY22
FY23
14.1
9.4
FY19
FY20
*FY21 was impacted by Covid related disruptions
Net Debt Calculation
(₹ in Mn)
3,873
1,372
2,752
-251
3,216
1,006
2,421
-211
Long Term
Cash & Investments
Short Term
1,693 368
1,747
-422
367 593 -421
195
208 92
1,404
-1,288
FY23
23
FY19
FY20
FY21
FY22
Other Focus Areas
Enhance the consumer experience
We survey customers regularly to adjust our products based on behavior and innovate with new designs, striving to be at the top of customer preferences in a competitive fashion industry
Rationalising the Product Mix
We have reduced SKUs and focused on fast-moving products and preferred designs to avoid inventory blockage, leading to enhanced profitability and receivables
New Marketing Approach
Our traditional marketing strategy garnered positive results in the domestic market, developing a vast network and penetrating tier-I, tier-II and tier-III cities. Now, it aims to attract online shoppers by targeting the digital space.
Redefining the sales strategy
We shifted from consignment sales to net sales to de-risk sales and collection cycle, eliminating provisions for returns and replacements and avoiding blocked working capital. This strategy also saves management bandwidth and provides a clear picture of demand
Accelerating Digital Adoption
We embrace digitalization in our day-to-day operations to improve efficiency, offering frequent training programs to help employees adapt to digital transformation initiatives
Our Financial Performance
Revenue Break-up
(in ₹ Million)
(in %)
+17.1%
22,293 1,357
3,741
19,031 917
2,574
15,540
17,195
18,147 709
4,066
16,980 1,144
3,452
13,372
12,384
10,875 758 1,164
8,953
6%
17%
5%
14%
82%
77%
4%
22%
7%
20%
74%
73%
7% 11%
82%
FY19
FY20
FY21
FY22
FY23
FY19
FY20
FY21
FY22
FY23
Yarn/knitting & Others
Garment
Fabric
Yarn/knitting & Others
Garment
Fabric
*FY21 was impacted by Covid related disruptions
26
Businesswise Performance
Fabric
Garments
+10.6%
+45.3%
17,195
3,741
15,540
11.4%
-0.7%
25.1%
2,574
20.3%
(₹ in Mn)
✓ Value growth led by better Product Mix
- Sale of Premium Fabrics was higher in the last fiscal year
✓ Exports contributed 12.80% of the
Revenues in FY23
✓ Raw Material prices remained volatile in the last year, the price increase is passed on to the end customers with a lag effect
FY22
Volume Growth
Value Growth
FY23
FY22
Volume Growth
Value Growth
FY23
*Excluding Other Income ; Note: Rounded off to the nearest whole number
27
✓ Inspite of the increase in Raw Material are
pressure, maintained consistently ~17%
Margins
EBITDA
Quarterly Business Performance
Revenue*
EBITDA* & EBITDA Margin
PAT & PAT Margin
(₹ in Mn)
6,280
+11%
5,011
6,948
18.7%
15.1%
17.5%
12.3%
10.4%
12.7%
1,177
+3%
759
1,214
773
+14%
520
883
Q4FY22
Q3FY23
Q4FY23
Q4FY22
Q3FY23
Q4FY23
Q4FY22
Q3FY23
Q4FY23
Revenue*
EBITDA* & EBITDA Margin
PAT & PAT Margin
+17%
22,293
19,031
17.6%
16.5%
11.2%
11.3%
+10%
3,343
3,689
+18%
2,518
2,125
FY22
FY23
FY22
FY23
FY22
FY23
*Excluding Other Income ; Note: Rounded off to the nearest whole number
* Standalone Financials
28
Q4 & FY23 Profit & Loss Statement
Particulars (₹ in Mn)
Q4 FY23
Q4 FY22
Y-o-Y
Q3 FY23
Q-o-Q
FY23
FY22
Y-o-Y
Revenue from Operations
Cost Of Goods Sold
Employee Expenses
Other Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
EBIT
EBIT Margin (%)
Finance Cost
Profit before Tax
Profit before Tax(%)
Exceptional Items
Tax
Profit After Tax
PAT Margin (%)
EPS (As per Profit after Tax)
* Standalone Financials
10.63%
3.13%
6,948
4,234
511
990
1,213
17.5%
104
137
6,280
3,781
454
868
1,177
18.7%
117
143
1,180
1,151
2.56%
16.99%
18.33%
49
1,131
40
1,111
16.29%
17.70%
-
249
883
12.7%
18.85
53
285
773
12.3%
16.49
1.84%
14.27%
5,011
2,891
440
922
758
15.1%
132
151
739
14.74%
56
683
13.63%
-
163
520
10.4%
11.09
39%
60%
22,293
12,971
1,791
3,843
3,688
19,031
10,739
1,595
3,353
3,343
17.14%
10.35%
16.5%
17.6%
402
578
345
585
60%
3,512
3,103
13.26%
66%
70%
15.76%
16.30%
197
3,315
181
2,922
14.87%
15.35%
-
797
2,518
11.3%
53.7
53
744
2,125
11.2%
45.34
13.51%
18.49%
29
Profit & Loss Statement
Particulars (₹ in Mn)
Revenue from Operations
Cost of Goods Sold
Employee Expenses
Other Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
EBIT
EBIT Margin (%)
Finance Cost
Profit before Tax
Profit before Tax(%)
Exceptional Item
Tax
Profit After Tax
PAT Margin (%)
EPS (As per Profit after Tax)
* Standalone Financials
FY21
10,875
7,107
1,230
1,989
549
5.05%
407
608
348
3.20%
296
52
0.48%
-
-1
53
0.49%
1.14
FY22
19,031
10,739
1,595
3,355
3,342
17.6%
345
585
3,102
16.30%
181
2,921
15.35%
53
743
2,125
11.2%
45.34
FY23
22,293
12,971
1,791
3,842
3,689
16.5%
402
578
3,513
15.76%
197
3,316
14.87%
-
798
2,518
11.3%
53.73
30
Balance Sheet
Equity & Liabilities (₹ in Mn)
FY21
FY22
FY23
Assets (₹ in Mn)
FY21
FY22
FY23
Equity
Equity Share Capital
Other Equity
Total Equity
Non-Current Liabilities
Borrowing
Lease Liabilities
Other Financial Liabilities
Provisions
Other NCL
Deferred Tax Liabilities
Current Liabilities
Borrowings
Lease Liabilities
Trade Payables
Other Financial Liabilities
Other Current Liabilities
Provisions
Total Current Liabilities
Total Equity & Liabilities
* Standalone Financials
94
7,645
7,739
94
9,279
9,373
94
11315
11,409
593
196
461
85
52
117
368
73
417
100
79
107
195
52
1,762
376
503
37
1,747
39
2,133
65
620
34
92
96
413
94
56
106
857
1404
35
1920
49
683
41
2,925
4,638
4,132
12,168
15,155
16,398
Non-Current Assets Property, plant and equipment Capital Work-in-Progress Other Intangible Assets Investment Property
ROU Assets Investment in Subs
Financial Assets: i. Investments ii. Loans iii. Other
Other non-current assets Total Non-Current Assets Current Assets Inventories Current Investments Trade Receivable Cash and Cash Equivalents Bank balances other than above
Loans
Other Financial Assets Other Current assets
Current Tax Assets (Net)
Total Current Assets Total Assets
4,475 27 8 172 211 145
170 21 0 291
4,728 24 5 150 96 109
170 18 123 31
4,512 54 4 136 119 109
180 22 110 175
5,520
5,454
5,421
2,529 200 2,603 41 79 7 3 895 291 6,648 12,168
4,030 207 3,864 35 10 11 59 1,179 306 9,701 15,155
4,223 1,061 4,272 35 12 21 2 1,131 220 10,977 16,398
31
Total Non-Current Liabilities
1,504
1,144
Cash Flow Statement
Particulars (₹ in Mn)
Cash Flow from Operating Activities
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Add: Cash and cash equivalents as at 1st April
Add: Net effect of exchange gain on cash and cash equivalents
Cash and cash equivalents as at 31st March
FY21
FY22
FY23
52
710
762
2,599
3,361
-44
3,317
-294
-3,011
12
29
41
2,868
630
3,498
-2,373
1,125
-770
355
-549
188
-6
41
35
3,316
472
3,788
-720
3,068
-714
2,354
-1,129
-1,225
0
35
35
* Standalone Financials
32
Consistent Returns to Stakeholders since Listing
FY20 ₹ 48.6 crore Dividend Outlay
FY21 ₹ 21.5 crore Dividend Outlay
FY22 ₹ 43.1 crore Dividend Outlay
FY23 ₹ 51.6 crore Dividend Outlay
VALUE CREATION FOR SHAREHOLDERS
11.0
9.2
Robust shareholder returns over the last 10 years
Stock Split 2:10
4.2
4.4
2.0
2.2
3.0
8.6
4.0
4.6
4.6
1.2
1.4
1.5
1.5
1.6
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23*
60%
70%
75%
75%
80%
100%
110%
150%
210%
220%
430%
230%
460%
550%
Total Dividend (Per Share)
Percentage of Face Value
Special Dividend
* Adjusted for Split prior to FY17
Value creation through stock split in FY17 during which dividend of ₹ 15 (150%) was paid
Dividend paid consistently since listing
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Key Takeaways
Well Recognized Brand
Debt to Equity
Asset Light Model
Right Portfolio Mix
recognised Well “Coming brand– home to Siyaram” is a well-known tagline in all Indian households
Debt to Equity of 0.17x with asset light strategy for future expansion
Asset-light approach for manufacturing & distribution to enhance ROCE
Well balance range of products, catering to both affordable and luxury segments of consumers
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2
3
4
Distribution Network
Targeting the sizeable unorganized, fragmented and under-penetrated market through powerful distribution & franchisee network
5
Branded Blended Fabric Top player in Branded in Polyviscose market India
Stakeholder Returns
Consistently delivered balanced growth & sustainable value to its stakeholders various strong despite competition
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7
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THANK YOU
Company :
Siyaram Silk Mills Limited www.siyaram.com
Mr. Surendra Shetty Chief Financial Officer Surendra.shetty@siyaram.com
Investor Relations Advisors :
Orient Capital (a division of Link Group)
Mr. Nikunj Jain +91 9769060608 nikunj.jain@linkintime.co.in
Mr. Amar Yardi +91 7045121239 amar.yardi@linkintime.co.in