Annual reportSep 2026
Sep 2026 · Updates 25 Aug - Annual report FY2025-26 dispatched; AGM on September 21, 2026 with remote e-voting dates.
Source: Nse
Silky Overseas Ltd. (SILKY)
SME CapConsumer stocks · SME cap · NSE
Delhi-based manufacturer of premium home furnishing products, established in 2016. A large-scale listed organized manufacturer in the predominantly unorganized mink blanket industry, operating under the 'Rian Décor' brand. Listed on NSE Emerge in July 2025.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals05 Oct 2026 · screener
Latest result16 Aug, 12:49 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
36BearishSMA20 -2.8% / mo · MACD + · near 52W low · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 37
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SILKYD candles · FIT view-49.1%Latest close ₹68.20 on 2026-10-19
Bar
-2.5%
RSI
47
MACD hist
0.40
52W pos
7%
2026-10-19O ₹69.95H ₹69.95L ₹66.50C ₹68.20Vol 4,800 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SILKYNifty Consumer DurablesNifty 500
- SILKY
- -10.3%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -4.7 pp
Chart stats
19 Oct 2026- From 52W high
- -60.1%
- 52W range position
- 7%
- ATR (14)
- 7.3%
- Volume vs 20D
- 0.74x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹61 - ₹80.9
₹171
₹61 - ₹171
₹5
Latest completed session
20-session average
60.6% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Good U-Score but weak results consistency: verify latest quarters.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · UNDERVALUED70
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -32.1% · PAT -71.3% YoY
Technical
Bearish36
Price trend and sector-relative-strength timing.
Valuation
Legacy model+73.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence57
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -32% YoY · PAT -71% YoY · margin compression · +37% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹17.1 Cr | -32.1% | +37.1% |
| EBITDA | ₹2.3 Cr | -37.5% | +700.0% |
| Operating margin | 13.5% | -115 bps | +1122 bps |
| PAT | ₹0.8 Cr | -71.3% | NDF |
| PAT margin | 4.7% | -643 bps | +961 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 8.69
- P/B
- 0.73
- EV/EBITDA
- 4.85
- Market Cap
- 42.20Cr
Profitability
- ROE
- 16.20%
- ROCE
- 17.90%
- ROA
- 5.26%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 29.00%
- EPS 5Y
- 29.00%
- Revenue 3Y
- 16.00%
- EPS 3Y
- 87.00%
Balance Sheet
- Debt/Equity
- 0.42
- Interest Coverage
- 4.98×
- Altman Z
- 3.26
- Book Value
- 91.30
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -17.56 Cr
- EPS TTM
- 7.61
Shareholding
- Promoter Hold
- 60.53%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 5%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 17.1+37.1% vs prev
Net Profit
₹ CrLatest: 0.8+232.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 47. Wait for confirmation.
- SMA20 falling (~2.9% over last month) — short-term momentum negative.
- RSI(14) at 47 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 59% off 52W high · 12% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
3
RS percentile
Stage 4 Downtrend
1M return
-2.5%
3M return
-35.0%
6M return
-51.3%
1Y return
-58.0%
RS 1D
0
RS 20D
+1
Sector rank
#9
Industry rank
#36
Stage evidence
- Price is 38.3% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -8.2%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
190 observations
19 Oct 2026Value 61.11+1.56%
RS vs Nifty 50061
Valuation & peers
U-Score 70 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 70 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation30/30
Growth22/25
Quality10/20
Balance Sheet10/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
-7
Raw sum
70
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
70/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 73.1%.
- Valuation contributes 30/30 to the score.
- Growth contributes 22/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Cash flow is weaker at 2/10; verify the latest quarterly trend.
- Quality is weaker at 10/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
8.7
PB
0.7
EV/EBITDA
4.8
ROE
16.2%
ROCE
17.9%
FCF Yield
—
Debt/Equity
0.4
MoS
+73.1%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Current PE is low at 8.7, so peak-cycle earnings risk should be checked.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
70
Previous: 70
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+73.1%
Previous: +73.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
70
70
70
70
70
70
70
70
70
70
70
70
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹125.03
+45.5% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹253.41
+73.1% MoS
PEG
0.19
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PARAMOUNT
SME
Paramount Dye Tec Ltd.
Textiles
match 87
34
4.1
10.1%
-468%
WATCHLIST
NAMAN
SME
Naman Industries Proxima Ltd.
Textiles
match 85
20
—
-3.0%
—
OVERVALUED
EASTSILK
Small
Eastern Silk Industries Limited
Textiles
match 85
60
0.7
15.6%
+71%
UNDERVALUED
NEELAM
SME
Neelam Linens and Garments (India) Ltd.
Textiles
match 85
41
8.5
3.9%
+74%
WATCHLIST
CEDAAR
SME
Cedaar Textile Ltd.
Textiles
match 85
4
—
-124.0%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-01T00:50:06.886Z
Management commentary snapshot
9M FY26 revenue declined YoY, but EBITDA and PAT showed modest YoY growth with margin expansion. Q3 FY26 saw sequential revenue and EBITDA decline, while PAT improved.
Despite a YoY revenue decline for 9M FY26, the company demonstrated profit growth and margin expansion, indicating improved operational efficiency. Strategic initiatives in e-commerce, exports, and logistics are underway, supported by favorable industry tailwinds. However, the sequential decline in Q3 revenue and EBITDA warrants close monitoring.
Current business mix
Revenue by Product Category (FY2025)
Latest issuer-disclosed distribution across 4 reported categories.
Semi - Finish Goods33.8%
Blankets30.9%
Trading24.9%
Other Manufacturing9.9%
Growth engines
E-commerce Expansion
Targeting 10-15% e-commerce revenue contribution to total sales in next 2-3 years from current 3%.
International Export Expansion
Successful UAE shipment completed; expansion into Middle East markets underway with 15-20% price premium over domestic B2B.
Product Portfolio Expansion
Strengthening product mix with premium and super-soft blanket variants positioned at the higher end of the price range for improved realizations and margins.
Logistics Network Expansion
Added three new warehouses in Jaipur, Ahmedabad, and Lucknow for faster deliveries (1-2 days) and expanded regional coverage.
Capacity and execution
Land Acquisition for Future Capacity
2 acres land acquired in Panipat with an investment of ₹15 Cr for future production capacity.
Operational Enhancements
Shed construction completed as per planned timelines, enhancing order leading to improved efficiency.
Tailwinds
Global Mink Blanket Market Growth
Expected CAGR of 7.5% (2025-2030) for the global mink blanket segment.
India Home Textile Market Growth
India home textile market expected to grow at a CAGR of 10.00% (2026-2033).
India E-commerce Penetration
E-commerce growing faster than traditional retail channels with a CAGR of 19.13% (2026-2034).
Rising Disposable Incomes
Rising disposable incomes in emerging markets fueling demand for luxury and premium comfort.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
The home furnishing business can be seasonal, making YoY comparison for 9M results relevant. QoQ comparison is useful to track sequential momentum, especially given the Q3 decline in revenue and EBITDA.
Sector KPIs management disclosed
Capacity Utilization
Current utilization is 68.16% (FY2024-25 production of 4260.16 MT against 6250 MT annual installed capacity).
E-commerce Margins
Direct-to-consumer model enables superior margins (14-15%) compared to normal B2B (8-8.5%), offering a structural margin uplift of 5%.
Market Leadership
Company claims to be a market leader in 1.6 kg single bed mink blankets.
Production Cycle
Production cycle from raw material to finished goods is 10-15 days.
Management forward view
Cost Optimization Programs
Actively pursuing incentives under ETP, HSIP, and ATUFS schemes, expected to yield ₹30-50 lakh annual cost savings.
Strategic Partnership Achievement
Onboarded as a supplier for Myntra’s AURA brand.
D2C Margin Uplift
Management expects a structural margin uplift of 5% driven by the manufacturer-to-consumer model.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| E-commerce Contribution to Sales | 3% | Progress towards the target of 10-15% in the next 2-3 years. |
| Capacity Utilization | 68.16% | Ramp-up in utilization following land acquisition and operational enhancements. |
| International Export Expansion | Successful UAE shipment completed | Further expansion into Middle East markets and its revenue contribution. |
| Realization of Government Incentives | Expected ₹30-50 lakh annual cost savings | Actual realization of cost savings from ETP, HSIP, and ATUFS schemes. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
57Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 20th percentile of the scored universe and 22nd percentile within Consumer. Main check: results consistency is weak at 15/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 1 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
20th percentile
overall median 67 · Consumer: 22nd pctile, median 66 · SME: 21st pctile, median 64
Evidence depth
Financial-only
2 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
58
watch · capital discipline
Results
15
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 60.5%.
- ▸Promoter pledge is zero.
Trust risks
- ▸Operating cash flow is negative at ₹-18 Cr.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -12.1%.
- ▸1/4 latest quarters had positive YoY revenue growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Silky Overseas Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationFeb 2026
Feb 2026 · PPT
Source: Nse
Concall transcriptJan 2026
Jan 2026 · Transcript
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.