In this article, we will analyze the Sai Silks share price target for 2023, 2024, 2025, 2030, and 2035 based on the company’s financials and various reports from brokerage firms.
Recent News-
Sai Silks Kalamandir shares were listed on the BSE and NSE at a price of Rs 231 per share, 4.1% higher than the issue price of Rs 222.
The Sai Silks IPO was a fresh issue of Rs 600 crore and an offer for sale (OFS) of up to 2.70 crore equity shares by the promoter and promoter group.
Company overview-
Sai Silks is a retailer chain based on ethnic clothing, specifically sarees. They operate in four different store formats: Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. These stores offer a variety of ethnic fashion, middle-income ethnic fashion, and value fashion.
The company provides various products at different prices to serve customers across all market segments. Their product range includes various types of ultra-premium and premium sarees suitable for weddings, parties, occasional wear, and daily wear.
The company also offers lehengas, men’s ethnic wear, children’s ethnic wear, value fashion products, including fusion wear and western wear for women, men, and children, and north Indian women’s ethnic celebration wear, such as designer lehengas.
According to market experts, the business of the company was not quite understood by the people, and the response was in a lighter mode.
Fundamentals-
The company has high debt to equity ratio which has negative impact on financials of the company while Return on Equity is on good side with almost 17.22%.
| Market Cap | 3,511 Cr |
| P/E Ratio | 38.02 |
| Industry P/E | 100.52 |
| Debt to Equity | 0.52 |
| Return on Equity | 9.19% |
| Dividend Yield | 0.00% |
Net-profit margin-
The company has reported total revenue of Rs 677 Cr, 1,129 Cr, and 1,351 Cr in the respective years 2021, 2022, and 2023, with a profit of Rs 5 Cr, Rs 58 Cr, and Rs 98 Cr.
| Year | Revenue | Profit |
|---|---|---|
| 2023 | 1,351 | 98 |
| 2022 | 1,129 | 58 |
| 2021 | 677 | 5 |
Share-Holding Pattern
| Dec’23 | Sep’23 | |
|---|---|---|
| Promoters | 60.80% | 60.80% |
| Retail | 17.99% | 16.91% |
| Mutual Funds | 15.76% | 14.47% |
| Foreign Institutions | 4.59% | 7.11% |
| Domestic Institutions | 0.86% | 0.71% |
Share price targets for a specific company are highly speculative and influenced by numerous factors, such as market conditions, economic indicators, company performance, industry trends, and many more.
We will predict the Sai Silks share price target in 2023, 2024, 2025, 2030, and 2035 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
Sai Silks share price target: 2023
The company intends to use the IPO money for the establishment of 30 additional stores and 2 warehouses, as well as for working capital needs, debt repayment, and general corporate purposes.
| Month | Minimum Share Price | Maximum Share Price |
|---|---|---|
| November 2023 | 284 | 375 |
| December 2023 | 280 | 355 |
The share price of Sai Silks is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 375 in November 2023 and a minimum price target of Rs 280 in December 2023. The average price target for Sai Silks in 2023 is expected to be around Rs. 285
Sai Silks share price target prediction for 2023 is based on the company’s financials, previous trends, and various brokerage firm reports.
Sai Silks share price target: 2024
| Month | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January 2024 | 193 | 274 |
| February 2024 | 188 | 268 |
| March 2024 | 195 | 285 |
| April 2024 | 187 | 292 |
| May 2024 | 198 | 305 |
| June 2024 | 208 | 319 |
| July 2024 | 220 | 315 |
| August 2024 | 217 | 322 |
| September 2024 | 228 | 337 |
| October 2024 | 246 | 328 |
| November 2024 | 255 | 356 |
| December 2024 | 247 | 375 |
The share price of Sai Silks is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 375 in December 2024 and a minimum price target of Rs 187 in April 2024. The average price target for Sai Silks in 2024 is expected to be around Rs 244.
Sai Silks Share’s price target prediction for 2024 is based on the company’s financials, previous trends, and various brokerage firm reports.
Sai Silks share price target: 2025
The company has the potential to grow its business due to its strong brand presence, expanding footprint, and focus on online sales.
| Month | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January 2025 | 255 | 366 |
| February 2025 | 258 | 355 |
| March 2025 | 244 | 367 |
| April 2025 | 255 | 377 |
| May 2025 | 265 | 385 |
| June 2025 | 273 | 394 |
| July 2025 | 284 | 404 |
| August 2025 | 295 | 413 |
| September 2025 | 304 | 408 |
| October 2025 | 312 | 422 |
| November 2025 | 317 | 435 |
| December 2025 | 325 | 432 |
The share price of Sai Silks is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 435 in November 2025 and a minimum price target of Rs 244 in March 2025. The average price target for Sai Silks in 2025 is expected to be around Rs 365.
Sai Silks share price target prediction for 2025 is based on the company’s financials, previous trends, and various brokerage firm reports.
Sai Silks share price target: 2030
The industry in which the company operates is very competitive, and therefore growth opportunities are limited. Although the south market is good, expansion in the north market looks tough.
| Month | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January 2030 | 630 | 745 |
| February 2030 | 637 | 753 |
| March 2030 | 645 | 765 |
| April 2030 | 653 | 778 |
| May 2030 | 664 | 785 |
| June 2030 | 648 | 792 |
| July 2030 | 658 | 805 |
| August 2030 | 665 | 812 |
| September 2030 | 679 | 808 |
| October 2030 | 685 | 818 |
| November 2030 | 693 | 822 |
| December 2030 | 697 | 815 |
The share price of Sai Silks is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 822 in November 2030 and a minimum price target of Rs 630 in January 2030. The average price target for Sai Silks in 2030 is expected to be around Rs 755.
Sai Silks Share’s price target prediction for 2030 is based on the company’s financials, previous trends, and various brokerage firm reports.
Sai Silks share price target: 2035
| Month | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January 2024 | 1437 | 1648 |
| February 2024 | 1455 | 1670 |
| March 2024 | 1443 | 1695 |
| April 2024 | 1475 | 1705 |
| May 2024 | 1488 | 1718 |
| June 2024 | 1495 | 1722 |
| July 2024 | 1535 | 1735 |
| August 2024 | 1553 | 1755 |
| September 2024 | 1584 | 1844 |
| October 2024 | 1642 | 1768 |
| November 2024 | 1685 | 1840 |
| December 2024 | 1692 | 1825 |
The share price of Sai Silks is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1840 in November 2035 and a minimum price target of Rs 1437 in January 2035. The average price target for Sai Silks in 2035 is expected to be around Rs 1650.
Sai Silks Share’s price target prediction for 2035 is based on the company’s financials, previous trends, and various brokerage firm reports.
Strength of Sai Silks
Sai Silks ranks among the top 10 retailers in South India for ethnic apparel, especially sarees, based on revenue and post-tax profits for 2020, 2021, and 2022.
The company’s wide range of products at various price levels has catered to more than 5.98 million customers since its inception.
Between 2021 and 2023, the company added 15 new stores, including three format conversions.
Online sales contributed Rs 5.49 crores, Rs 17.16 crores, and Rs 18.47 crores to the company’s revenue from operations in 2021, 2022, and 2023, respectively, accounting for 0.81%, 1.52%, and 1.37% of total revenue.
Weaknesses of Sai Silks
Sai Silks primary focus is on selling women’s sarees. Making it susceptible to shifts in demand and changing consumer preferences.
The majority of the company’s sales come from stores located in southern India. Any negative developments affecting operations in these regions could detrimentally affect revenue.
The company faces unique challenges when operating in a fragmented market with unorganized and single-store competitors.
Dependence on sales through third party online marketplaces leaves the company vulnerable.
Conclusion
Sai Silks is the company that operates in the fashion sense of people; this is a never-ending segment. People love fashionable clothes, especially girls and women, and this company has almost catered to the market with their keen sense of marketing and sales.
Sai Silks share price targets for 2023, 2024, 2025, 2030, and 2035 are discussed above.
Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not an investment advice.