Siyaram Silk Mills - Best In-Class Portfolio Of Brands, Robust Growth Prospects: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.Siyaram Silk Mills Ltd. sells its products under multiple brands that enjoy high recall value with consumers. They include brand names such as Siyaram, J Hampstead, Oxemberg, and Cadini. It is one of the largest poly viscose blended fabric players in India. The company has an extensive distribution network that permeates India, giving an aspiring yet underserved vast population ready access to high-quality fabrics and apparel at attractive price points. This makes Siyaram Silk Mills’ brands the preferred choice in India’s fast-growing yet untapped market. It is backed by highly integrated and state-of-the-art manufacturing and retailing capabilities. Siyaram Silk Mills has one of the most prudent capital allocation track record in the textile and apparel space in India. Despite the Covid-19 pandemic related turmoil, it operated at a net debt/equity of 0.2 times as on FY22. It has been in a constant endeavour to establish itself as an asset light and a pure branded fabric and apparel player in the highly commoditised and working capital intensive textile industry..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Siyaram Silk Mills - Best In-Class Portfolio Of Brands, Robust Growth Prospects: HDFC Securities

It is one of the largest poly viscose blended fabric players in India.

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