Buy Siyaram Silk Mills, target price Rs 665: ICICI Direct

ICICI Direct has buy call on Siyaram Silk Mills with a target price of Rs 665. The current market price of Siyaram Silk Mills is Rs 565. Time period given by analyst is one year when Siyaram Silk Mills Ltd. price can reach defined target.

Siyaram Silk Mills Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 2761.59 Crore) operating in Textiles sector.

Siyaram Silk Mills Ltd. key Products/Revenue Segments include Textiles, Job Work and Other Operating Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 639.97 Crore, up 11.91 % from last quarter Total Income of Rs 571.84 Crore and up 22.37 % from last year same quarter Total Income of Rs 522.96 Crore. Company reported net profit after tax of Rs 82.17 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 67.18 per cent stake in the company as of 31-Mar-2022, while FIIs owned 3.67 per cent, DIIs 6.17 per cent.