Siyaram Silk Mills Limited · NSE:SIYSIL
Siyaram Silk Mills — Q1 FY25 Earnings Presentation
39 slides from Siyaram Silk Mills's earnings presentation, Aug 6, 2024
Slide 1: Cover letter to stock exchanges
6th August, 2024. To, BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Dalal Street, Plot No. C/1, G Block, Mumbai – 400 001. Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 503811 Company Symbol: SIYSIL Dear Sir/ Madam, Sub: I
Slide 2: Investor Presentation | Q1 FY25
Investor Presentation | Q1 FY25
Slide 3: Safe Harbor
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 se
Slide 4: Q1 FY25 Performance
Siyarams Q1 FY25 Performance
Slide 5: Management Commentary
Management Commentary Mr. Gaurav Poddar, Executive Director In Q1 FY25, subdued consumer demand was further affected by severe heat waves that shifted spending priorities and significant disruptions to sales channels due to election-related events. These factors combined to create a challenging envi
Slide 6: Quarterly Business Performance
Quarterly Business Performance (₹ in Mn) Total Income EBITDA Net Profit After Tax 21,247 3,224 1,847 6,528 1,123 690 5,129 796 443 5,971 998 614 3,306 342 3,619 120 307 100 FY24 FY25 FY24 FY25 FY24 FY25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Note: Rounded off to the nearest whole number * Standalone Fi
Slide 7: Q1 FY25 Profit & Loss Statement
Q1 FY25 Profit & Loss Statement Particulars (₹ in Mn) Q1 FY25 Q1 FY24 Y-o-Y Revenue from Operations 3,065 3,537 Other Income 241 82 Total Income 3,306 3,619 -8.7% Cost Of Goods Sold 1,639 1,986 Employee Expenses 402 400 Other Expenses 923 926 EBITDA 342 307 11.2% EBITDA Margin (%) 10.3% 8.5% Depreci
Slide 8: Our Legacy, Our Future
Siyarams Our Legacy, Our Future
Slide 9: Our Legacy, Our Future
Our Legacy, Our Future From 1978 till today, through our fabrics Amongst India’s most renowned brands and and brands, we have carved a niche in the marketers of fabrics, readymade garments, hearts and minds of millions. and other textiles products. Strong brands & sub-brands like Siyaram, Operates f
Slide 10: We Improve. Grow. Accelerate
We Improve. Grow. Accelerate Phase Phase Phase Phase 02 03 04 01 Manufacturing Business Expansion Brand Creation Innovation & Asset Light Model 1978-1987 1991-2009 2013-2020 2021-2024 o Established in 1978 o Started brand promotion exercise o Siyaram’s voted as the most trusted o Launched DEN - KNIT
Slide 11: We serve multiple end markets..
We serve multiple end markets.. 800+ ~ 100 Mn Meters Distributors spread across pin codes Fabric Sold in FY24 245+ ~ 1.85L sqft Stores Across Nation Retail Space ~ 4.5 Mn pieces Apparels Sold in FY24 Distributors MBO’s Institutions 5 Mn and counting… Online Marketplace Exclusive Shops Customers Serv
Slide 12: …through Different Brands and Sub-Brands
…through Different Brands and Sub-Brands FABRICS GARMENTS 11
Slide 13: …through serving Different Customer Needs
…through serving Different Customer Needs 12
Slide 14: …through our Innovative Offerings
…through our Innovative Offerings BLENDED BAMBOO TERRY RAYON SUITING KNIT INDIGO JET BLACK COLLECTION KNIT WEAR FABRIC FABRIC 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
Slide 15: …through Brand Ambassadors
…through Brand Ambassadors …endorsing our Brands over the years 14
Slide 16: …through Our Expertise in Every Facet of the Production Process
…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” Warping section hosts Bromas (Robotic), Karl Mayer and Benninger (Switzerland) Daman Amravati Silvassa Tarapur Weaving technology like Rapier: Picano
Slide 17: …through In-house Design Studio and Top-Notch Technology
…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 met
Slide 18: …through our Global Presence
…through our Global Presence Export Regions ✓ Australia ✓ Bahrain ✓ Bangladesh ✓ Canada ✓ Colombia ✓ Dubai ✓ Egypt Cadini Sales ✓ Germany Regions ✓ Hong Kong ✓ Austria ✓ Indonesia ✓ Belgium ✓ Japan ✓ Canada ✓ Jordan ✓ Cote d’Ivore ✓ Kuwait ✓ Egypt ✓ Malaysia ✓ France ✓ Mexico ✓ Great Britain ✓ Nepal
Slide 19: Our Organization
Siyarams Our Organization
Slide 20: Our Vision, Mission & Values
Our Vision, Mission & Values VISION MISSION To be the preferred partner to every stakeholder in the textile To provide quality products and to be a name, synonymous with and fashion industry by delivering high quality fabrics, high fashion in India and across the globe implementing design-driven inn
Slide 21: Our Leadership Team
Our Leadership Team Ramesh Poddar Pawan Poddar Shrikishan Poddar Gaurav Poddar Chairman & Managing Director Joint Managing Director Executive Director Executive Director Mr Ramesh Poddar is a stalwart of textile Mr Pawan Poddar’s vision from the beginning Mr Shrikishan Poddar established the Exports
Slide 22: Our Experienced Board
Our Experienced Board SHRI. SACHINDRA N. SHRI. CHETAN S. SHRI. DEEPAK R. SMT. MANGALA R. DR. ASHOK N. CHATURVEDI THAKKAR SHAH PRABHU DESAI He is a Fellow member of the ICAI, a He is a Graduate and has done his LLB He is a Graduate and a Fellow member She is a Postgraduate in Commerce, a He holds a P
Slide 23: Testimony to our Success
Testimony to our Success Guinness World Awarded as India's Awarded as The Next Records for creating Most Attractive 500 by Fortune India World’s most viewed Brands by Trust livestream Research Advisory Ranked amongst Top Awarded as Most Felicitated as Iconic 100 Franchise Trusted Brand by ET Brands
Slide 24: Our Advertising & Marketing Initiatives
Our Advertising & Marketing Initiatives 23
Slide 25: Our Social & Sustainability Initiatives
Our Social & Sustainability Initiatives Conducted Tailoring Workshops across 8 Disease Prevention Equipments at Blind Cricket Tournament 2024, Mumbai states Tata Memorial, Mumbai World Environment Day, Tarapur Yoga Day Campaign, Mumbai Green Energy Initiatives, Tarapur & Silvassa 24
Slide 26: Our Strategic Priorities
Siyarams Our Strategic Priorities
Slide 27: Strategic Priorities
Strategic Priorities 01 Strengthen Network Distribution 04 Expand Retail Network through Exclusive Stores 02 Manufacturing through Outsourcing Partners 05 Focus on Innovation & Quality Experience 03 Leverage Siyaram’s Brand 06 Promote Tailoring in the Community 26
Slide 28: Franchise Model: Win-win Proposition
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 FRANCHISE Of over 4 decades Fashioning Modern Man Under One Roof Right f
Slide 29: Outcome of Strategic Actions
Outcome of Strategic Actions Return on Capital Employed % Asset Turnover ratio (x) * Adjusted for cash & Investments 1.39 1.41 31.8 32.6 1.29 1.13 23.2 0.80 13.1 3.6 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Return on Equity % Net Debt Calculation (₹ in Mn) Long Term Cash & Investments 24.8
Slide 30: Other Focus Areas
Other Focus Areas 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. Enhance the consumer ex
Slide 31: Our Financial Performance
Siyarams Our Financial Performance
Slide 32: Revenue Break-up
Revenue Break-up (in ₹ Million) (in %) * excl INR 826 mn of one * excl INR 826 mn of one time export order time export order 6% -2.8% 5% 21,467 4% 13%* 13% 20,872 1,357 1,069 19,031 7% 14% 917 2,915* 2,735 16,980 1,144 2,574 20% 3,452 7% 10,875 11% 758 77% 82% 1,164 82% 17,195 17,068 15,540 73% 12,3
Slide 33: Businesswise Performance
Businesswise Performance (₹ in Mn) Fabric Garments ✓ Value growth led by better Product Mix -0.7% -6.2% excl. One off exports 17,195 3,741 - Sale of Premium Fabrics was higher in 17,068 -5.4% the last fiscal year -1.6% 0.6% 0.9% -22.1% ✓ Exports contributed 9% of the Revenues in FY24 2,735 ✓ Raw Mat
Slide 34: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ in Mn) FY22 FY23 FY24 Revenue from Operations 19,030 22,293 20,872 Other Income 345 402 375 Total Income 19,375 22,695 21,247 Cost Of Goods Sold 10,739 12971 12106 Employee Expenses 1,595 1791 1723 Other Expenses 3,354 3842 4194 EBITDA 3,687 4,091 3,224 EBITDA
Slide 35: Balance Sheet
Balance Sheet Equity & Liabilities (₹ in Mn) FY22 FY23 FY24 Assets (₹ in Mn) FY22 FY23 FY24 Non-Current Assets Equity Property, plant and equipment 4,728 4,512 4,522 Equity Share Capital 94 94 91 Capital Work-in-Progress 24 54 187 Other Equity 9279 11315 11319 Other Intangible Assets 5 4 4 Total Equ
Slide 36: Cash Flow Statement
Cash Flow Statement Particulars (₹ in Mn) FY22 FY23 FY24 Cash Flow from Operating Activities Profit before Tax 2,868 3,316 2,471 Adjustment for Non-Operating Items 630 472 488 Operating Profit before Working Capital Changes 3,498 3,788 2,959 Changes in Working Capital -2,373 -720 -1096 Cash Generate
Slide 37: Consistent Returns to Stakeholders since Listing
Consistent Returns to Stakeholders since Listing FY20 FY21 FY22 FY23 FY24 VALUE CREATION FOR ₹ 48.6 Cr ₹ 21.5 Cr ₹ 43.1 Cr ₹ 51.6 Cr ₹ 108 Cr Buyback (Post Tax) SHAREHOLDERS Dividend Outlay Dividend Outlay Dividend Outlay Dividend Outlay ₹ 49.9 Cr Dividend Outlay +Buyback: Rs. 108 Cr Robust sharehol
Slide 38: Key Takeaways
Key Takeaways Well Recognized Brand Debt to Equity Asset Light Model Right Portfolio Mix Well recognised Debt to Equity of 0.17x Asset-light approach Well balance range of brand– “Coming with asset light strategy for manufacturing & products, catering to home to Siyaram” is a for future expansion di
Slide 39: Thank You
Company : Siyaram Silk Mills Limited www.siyaram.com Mr. Surendra Shetty Chief Financial Officer Surendra.shetty@siyaram.com Investor Relations Advisors : THANK YOU Orient Capital (a division of Link Group) Mr. Nikunj Jain +91 9769060608 nikunj.jain@linkintime.co.in Ms. Mamta Nehra +91 9987903500 Ma