Latest news with #SiyaramSilkMills
Economic Times
10 hours ago
- Business
- Economic Times
8 companies to trade ex-dividend from Tuesday. Last day to buy today
Happy Forgings and Siyaram Silk Mills, among a few other companies, will begin trading on an ex-dividend basis starting from Tuesday, July 22, 2025. Investors looking to receive the upcoming dividends need to purchase these stocks by the close of trading on Monday, July 21, 2025. ADVERTISEMENT The ex-dividend date is the day on which the stock starts trading without the right to the declared dividend, meaning that anyone buying shares on or after the ex-dividend date will not be entitled to the payout. The ex-dividend date marks the cutoff point for eligibility to receive dividends. If you are looking to benefit from these payouts, make sure to buy the shares of these companies before Monday, July 21 After this date, the shares will trade without the dividend entitlement, and investors purchasing after this date will not receive the dividend. Happy Forgings has declared a final dividend of 150%, amounting to Rs 3 per share. The company's stock will go ex-dividend on Tuesday, with investors having until Monday to buy in to qualify for the payout. ADVERTISEMENT Hind Rectifiers has announced a final dividend of 100%, equating to Rs 2 per share. Investors wishing to benefit from this dividend should purchase shares before the ex-dividend date. ADVERTISEMENT Menon Pistons will pay a final dividend of Rs 1 per share, which represents 100% of its face value. Investors must buy shares by Monday to be eligible for this payout. ADVERTISEMENT SIL Investments has announced a final dividend of Rs 2.5 per share, which is 25% of the face value. To qualify for this payout, investors must purchase shares by the close of trading on Silk Mills has declared a final dividend of Rs 5 per share, which is 250% of its face value. This dividend will be paid to investors who buy shares before Monday's close. ADVERTISEMENT Strides Pharma Science has announced a final dividend of Rs 4 per share, representing 40% of its face value. The stock will start trading ex-dividend from Tuesday. Voltamp Transformers has announced a substantial final dividend of Rs 100 per share, equating to 1000% of its face value. Investors interested in this payout must buy shares before the ex-dividend & Fabriks has declared a final dividend of Rs 0.1 per share, which is 1% of its face value. This small payout will be available to investors who purchase shares before the ex-dividend date. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
08-07-2025
- Business
- Business Standard
Textile shares soar after US tariffs weaken Bangladesh's edge
Shares of textile companies rose by 1.57% to 20% after the US imposed a 35% tariff on Bangladeshi exports, trimming their competitive edge in the American market. Gini Silk Mills (up 20%), Alok Industries (up 15%), Siyaram Silk Mills (up 10.17%), Donear Industries (up 7%), Shiva Texyarn (up 7%), Raymond Lifestyle (up 6.2%), Vardhman Textiles (up 5.4%), Trident (up 3.8%), Gokaldas Exports (up 2.6%), Welspun Living (up 1.6%), KPR Mill (up 1.57%) surged. While the new rate is slightly lower than April's 37%, it is still well above the 10% baseline and opens a window of opportunity for Indian exporters. Vietnam, too, faces steep duties, with 20% tariffs on direct exports and 40% on transshipped goods under a new US trade deal. Currently, India faces up to 26% tariffs due to varied product categories, but a pending US-India trade deal could bring this down. With Bangladesh and Vietnam holding a major share in the US garment market, Indias share has room to grow, especially if the upcoming trade deal secures more favorable terms. For now, sentiment remains upbeat for Indian textile manufacturers, who stand to gain from shifting global trade dynamics.
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Business Standard
08-07-2025
- Business
- Business Standard
Gokaldas, Vardhman, Siyaram rally up to 8%. What's driving textile stocks?
Textile stocks price movement today Shares of textile companies Vardhman Textiles, Gokaldas Exports, Siyaram Silk Mills, Alok Industries, Indo Count Industries, Sangam India and Nahar Spinning Mills have rallied between 5 per cent and 8 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes. At 09:14 AM; top 4 out of 5 stock winners from the BSE Smallcap index were from the textile sector, surging more than 6 per cent. In comparison, the BSE Sensex was trading flat at 83,449. What's driving textile stocks today? The US has imposed an updated tariff of 35 per cent on Bangladesh; no major reduction from 37 per cent announced on April 2, 2025. Last week the US announced an imposition of a 20 per cent tariff on Vietnam. According to ICICI Securities, Bangladesh is one of the key ready-made garment exporters to the US with 9 per cent market share while Vietnam holds 19 per cent market share. The US is yet to announce tariff rates for India (currently 10 per cent overall tariff; ~26 per cent for textile sector considering the differential rate). 'If India manages to sign a favourable deal with the US, we might see lower tariffs on ready-made garment exports compared with other countries such as China, Vietnam and Bangladesh, which will help India's share to the US exports improve from the current levels of 6 per cent. We should expect the US-India to sign a mini-trade deal in couple of days, which will determine revised rate for key sectors. As of now scenario is positive for textile manufacturers,' the brokerage firm said in a note. However, Indian textile exporters like Gokaldas Exports and Welspun Living acknowledged that margins may remain under pressure in 1HFY26, as global buyers adopt a cautious stance amid uncertainty surrounding input costs and consumer demand. However, despite these pressures, Indian players remain cautiously optimistic, characterizing the current weakness as transitory - evident from players like Arvind and Pearl Global hinting towards mid-teens growth in FY26 reflecting confidence in a potential recovery in 2HFY26. The recently signed UK-FTA plays well for Indian textile players enabling them to strengthen their presence in the UK market, thereby reducing their heavy dependence on the US in an uncertain tariff situation. The huge addressable market size / top-notch execution / higher factor costs in Vietnam bodes well for key players in Indian home textile / apparel sector, analysts at JM Financial Institutional Securities said in its sector report. Meanwhile, Gokaldas Exports' operating income rose by 29 per cent (CAGR) in the last three years, touching ₹3,875.8 crore in FY2025, supported by healthy demand and inorganic expansion done in the last two years. According to ICRA, the growth is likely to sustain with the expected shift in procurement (in apparel sourcing) by large customers as a part of global vendor diversification to markets like India. While the imposition of reciprocal tariffs by the US government for imports from India could impact the profit margins (on a standalone basis), a likely improvement in the operating margins in subsidiaries would offset the impact to some extent. The company enjoys established relationships with reputed global apparel retailers in the markets of North America and Europe, as evident from repeat orders received and a steady increase in the wallet share with key customers, the rating agency said in its rationale.
Fashion Network
14-05-2025
- Business
- Fashion Network
Siyaram Silk Mills Q4 net profit rises 4 percent to Rs 72 crore
Siyaram Silk Mills Ltd reported a 4 percent increase in net profit to Rs 72 crore ($8.5 million) for the fourth quarter ended March 31, as against Rs 69 crore in the year-ago quarter. The company's revenue for the quarter rose by 14 percent to Rs 736 crore, as against Rs 648 crore in the corresponding quarter of the previous fiscal year. For the full financial year, the company's net profit stood at Rs 197 crore on a sales revenue of Rs 2,222 crore. Commenting on the results, Gaurav Poddar, executive director of Siyaram Silk Mills in a statement said, 'Consumer confidence in India is steadily improving, with positive signs visible in both urban and rural areas. Demand is expected to pick up, driven by factors such as increasing disposable income, easing inflation, and optimistic economic outlook. With private consumption expected to continue its upward trajectory, the sector is well positioned to capitalize on the evolving needs and preferences of the consumers.' 'As we step into the next financial year, we are filled with optimism, supported by a favourable market outlook and strong inventory management that will drive our growth,' he added. During the financial year, the company opened 12 Zecode and 7 Devo stores. It plans to open 35 stores across both brands in financial year 2026.
Business Standard
13-05-2025
- Business
- Business Standard
Siyaram Silk Mills consolidated net profit rises 4.37% in the March 2025 quarter
Sales rise 13.65% to Rs 736.19 crore Net profit of Siyaram Silk Mills rose 4.37% to Rs 72.05 crore in the quarter ended March 2025 as against Rs 69.03 crore during the previous quarter ended March 2024. Sales rose 13.65% to Rs 736.19 crore in the quarter ended March 2025 as against Rs 647.77 crore during the previous quarter ended March 2024. For the full year,net profit rose 6.70% to Rs 197.12 crore in the year ended March 2025 as against Rs 184.75 crore during the previous year ended March 2024. Sales rose 6.19% to Rs 2221.62 crore in the year ended March 2025 as against Rs 2092.05 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 736.19647.77 14 2221.622092.05 6 OPM % 15.1216.37 - 12.4213.63 - PBDT 117.29107.33 9 327.57302.55 8 PBT 99.7593.21 7 267.33247.15 8 NP 72.0569.03 4 197.12184.75 7
