Achanak Stock Gira Kyun?
Yaar, Sai Silks (Kalamandir) Ltd. ne latest Q4 FY26 aur poore saal FY26 ke numbers share kiye, aur woh bohot hi disappointing nikle. Company ne Q4 mein sirf 5% ka revenue growth record kiya, jabki unka target 15% tha. Poore saal FY26 mein bhi turnover 13% hi badha, jo ki 15% ke guidance se kam tha. Is target miss hone ki wajah se stock seedha ₹100 ke neeche fisal gaya.
IPO Price Se Toh Dhub Gaya!
Remember September 2023 jab yeh company IPO laayi thi? Tab share ₹222 par list hua tha. Ab yeh ₹100 ke neeche trade ho raha hai, matlab investors ka paisa lagbhag 57% doob gaya hai! This year alone, stock 36.6% gir chuka hai, aur abhi ₹90-₹101 ke range mein chal raha hai.
Naye Stores Bhi Kaam Nahi Aaye?
Company ne FY26 mein 13 naye stores khole, jisse total stores ki sankhya 81 ho gayi hai. Aam taur par naye stores kholne se revenue badhna chahiye, par yahan toh ulta hi lag raha hai. Jabki FY25 mein revenue ₹1,486.08 crore tha, FY26 mein yeh badhkar sirf ₹1,653 crore hua hai. Yeh 13% ka growth, naye stores add karne ke baad bhi, kaafi kam lag raha hai. Aur haan, unpar ₹20.87 crore ke tax demands bhi chal rahe hain.
Competition Aur Dusre Risks
Bazaar mein bhari competition hai, jisme Aditya Birla Fashion and Retail, Trent, aur Go Fashion jaise bade players bhi shamil hain. Sai Silks ka pichle saal FY25 mein sirf 6.37% ka revenue growth tha, jo sector ke overall growth se kaafi kam hai. Iska matlab hai ki yeh market share kho rahe hain ya phir unka business growth pakad nahi pa raha. Analyst bhi abhi confused hain; kuch log 'Strong Buy' keh rahe hain toh kuch ne rating kam kar di hai. Traditional ethnic wear par zyada nirbhar hona bhi ek challenge hai, haalanki unhone ethnic silver jewelry mein bhi entry maari hai.
Aage Kya? Analyst Kya Bolte Hain?
FY27 ke liye company 15-20% revenue growth ka target rakhe hue hai aur naye stores bhi kholne ki baat kar rahe hain. Lekin jab pichle targets hi poore nahi hue, toh in naye goals par trust karna mushkil ho raha hai. Indian textile aur apparel sector generally acha perform kar raha hai, par Sai Silks ko apna execution sudharna hoga aur consistent profitable growth dikhana hoga. Ek analyst ne ₹237 ka price target diya hai, par overall sentiment abhi filhal cautious lag raha hai.