Silky Overseas Limited (SILKY)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Silky Overseas' revenue was ₹17.1 Cr (-32.2% year on year, +37.1% on the previous quarter), and net profit ₹0.8 Cr (-71.3% year on year); the operating margin was 13.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹17.1 | -32.2% | +37.1% |
| Operating profit | ₹2.3 | -37.4% | +700.9% |
| Net profit | ₹0.8 | -71.3% | from loss |
| EPS (₹) | 1.38 | -78.2% | from loss |
| Operating margin | 13.6% | — | — |
SILKY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 62.5% of the SILKY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 76.78%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 100.0% · 100.0% · 50.0% · 66.7% · 62.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Silky Overseas Limited announced the completion of its 10th Annual General Meeting (AGM) held on September 21, 2026, via Video Conferencing. According to the Scrutinizer's Report dated September 22, 2026, all business items set out in the meeting notice were approved with the requisite majority. The meeting commenced at 03:00 P.M. and concluded at 03:23 P.M. Voting was conducted through remote e-voting and e-voting during the AGM.
- 10th Annual General Meeting held on September 21, 2026
- All business items approved with requisite majority by shareholders
- Meeting conducted via Video Conferencing, starting at 03:00 P.M. and concluding at 03:23 P.M.
- Scrutinizer's Report submitted on September 22, 2026, by CS Surbhi Bansal
Silky Overseas Limited conducted its 10th Annual General Meeting on September 21, 2026. Chairperson address highlighted FY26 revenue from operations of ₹10,770.84 lakhs (down from ₹12,382.20 lakhs in FY25) and PAT of ₹678.47 lakhs (compared to ₹1,038.04 lakhs). The Board confirmed no dividend was recommended for FY26. Key resolutions included adopting financial statements, re-appointing Managing Director Sawar Mal Goyal, and appointing two Independent Directors.
- FY26 revenue from operations reported at ₹10,770.84 lakhs vs ₹12,382.20 lakhs in FY25
- FY26 PAT reported at ₹678.47 lakhs vs ₹1,038.04 lakhs in FY25; EPS at ₹11.59 vs ₹23.26
- No dividend recommended for the financial year ended March 31, 2026
- Resolutions tabled for adoption of FY26 financials and appointment of Independent Directors Mr. Ayush Garg and Mr. Kailash
Silky Overseas Limited announced the outcome of its Board Meeting held on September 05, 2026. The Board approved a CSR expenditure of Rs. 20,62,000 (Rupees 20.62 lakh) for FY 2026-2027 to be contributed to Parivartan Samuh Bahuuddeshiya Sanstha for education, healthcare, and environmental initiatives. Additionally, the Board authorised an application to the Haryana Water Resources Authority to obtain a No Objection Certificate (NOC) for its plant in Sonipat, Haryana.
- Approved CSR expenditure of Rs. 20,62,000 for FY 2026-2027 pursuant to Section 135 of Companies Act, 2013
- CSR funds allocated to Parivartan Samuh Bahuuddeshiya Sanstha for healthcare, education, and sustainability activities
- Authorised Managing Director Sawar Mal Goyal to apply for plant NOC from Haryana Water Resources Authority
- Board meeting concluded on September 05, 2026, between 02:00 P.M. and 02:30 P.M.
Silky Overseas Limited has issued a communication to shareholders whose email addresses are not registered with the company or depository participants, providing links and QR codes to access the FY 2025-26 Annual Report. The company's 10th Annual General Meeting (AGM) is scheduled for September 21, 2026, at 03:00 PM IST via Video Conferencing. The cut-off date for voting entitlement has been set for September 15, 2026, with remote e-voting running from September 18 to September 20, 2026.
- 10th Annual General Meeting scheduled for September 21, 2026, at 03:00 PM IST via VC/OAVM
- Cut-off date for e-voting entitlement established as September 15, 2026
- Remote e-voting window opens September 18, 2026 (09:00 AM) and closes September 20, 2026 (05:00 PM)
- Reminded physical mode shareholders to update KYC details pursuant to SEBI circular dated May 07, 2024
Silky Overseas Limited has issued notice for its 10th Annual General Meeting (AGM) to be held virtually on September 21, 2026. The company has fixed September 15, 2026 as the cut-off date to determine shareholder voting eligibility. Remote e-voting will commence on September 18, 2026 and conclude on September 20, 2026. Key agenda items include the adoption of FY26 financial statements, reappointment of Managing Director Sawar Mal Goyal, and the appointment of two Independent Directors.
- 10th Annual General Meeting scheduled for September 21, 2026 at 3:00 PM IST via VC/OAVM
- Cut-off date set as September 15, 2026 for remote e-voting eligibility
- Share transfer books closed from September 16, 2026 to September 21, 2026
- Remote e-voting window open from 9:00 AM on September 18, 2026 to 5:00 PM on September 20, 2026
- Resolutions include appointment of Independent Directors Ayush Garg and Kailash for 5-year terms
Silky Overseas Limited has issued notice for its 10th Annual General Meeting (AGM) to be held on September 21, 2026, via video conferencing. The cut-off date for e-voting eligibility is fixed as September 15, 2026, with remote e-voting open from September 18 to September 20, 2026. Key agenda items include the adoption of FY26 financial statements, the reappointment of Managing Director Sawar Mal Goyal, and the appointment of two Non-Executive Independent Directors, Ayush Garg and Kailash, for a 5-year term.
- 10th AGM scheduled for Monday, September 21, 2026, at 3:00 PM IST via VC/OAVM
- Share transfer books and register of members closed from September 16 to September 21, 2026
- Cut-off date for e-voting eligibility fixed as September 15, 2026 (End of day)
- Remote e-voting window open from 09:00 AM on September 18 to 05:00 PM on September 20, 2026
- Special resolutions proposed for 5-year tenure appointments of Independent Directors Ayush Garg and Kailash
Silky Overseas reported a Q1 FY27 revenue of ₹1,713.74 Lakhs, representing a 37% recovery from the previous quarter (₹1,250.18 Lakhs) but a 32% decline compared to the same period last year. The company returned to profitability with a Net Profit of ₹80.89 Lakhs, swinging from a loss of ₹61.28 Lakhs in Q4 FY26. A key development is the board's decision to initiate legal proceedings against Premier Laminates and Premier Textiles for recovery of outstanding dues. The company is also actively pursuing capital investment subsidies under the Haryana Textile Policy.
- Revenue from operations reached ₹1,713.74 Lakhs in Q1 FY27, up from ₹1,250.18 Lakhs in Q4 FY26.
- Net Profit stood at ₹80.89 Lakhs, recovering from a net loss of ₹61.28 Lakhs in the preceding quarter.
- Year-on-year revenue declined by 32.1% from ₹2,525.68 Lakhs in Q1 FY26.
- Legal action initiated against M/s. Premier Laminates and M/s. Premier Textiles for recovery of outstanding dues.
- 10th Annual General Meeting scheduled for September 21, 2026, via video conferencing.
Silky Overseas Limited has received board approval to avail a term loan facility of ₹1.32 crore from the Bank of Baroda, SME Branch, New Delhi. The funds are specifically earmarked for financing solar projects, indicating a move towards renewable energy or captive power cost reduction. The board has authorized two directors, Mr. Sawar Mal Goyal and Mr. Ananya Goyal, to execute the loan and security documents. The meeting was conducted efficiently, lasting 30 minutes on July 28, 2026.
- Approved a term loan facility of ₹1,32,00,000 (₹1.32 Crore) from Bank of Baroda
- Loan specifically designated for financing solar projects
- Board meeting commenced at 12:30 P.M. and concluded at 01:00 P.M. on July 28, 2026
- Authorized Directors Sawar Mal Goyal and Ananya Goyal to finalize and sign all security documents
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew by 77.64% YoY, increasing from INR 69.70 Cr (6970.49 Lakhs) in FY 2023–24 to INR 123.82 Cr (12382.20 Lakhs) in FY 2024–25, driven by higher demand and a favorable product mix.
Geographic Revenue Split
The company maintains a domestic market orientation with operational presence and branches in Delhi, Haryana, and West Bengal, though specific percentage splits per region are not disclosed.
Profitability Margins
Net Profit Margin (PAT Margin) improved from 8.13% in FY 2023-24 to 8.38% in FY 2024-25, reflecting better operational efficiencies and a shift toward higher-margin products.
EBITDA Margin
While specific EBITDA is not explicitly stated, Profit After Tax (PAT) grew by 83.23% YoY, rising from INR 5.67 Cr (566.52 Lakhs) to INR 10.38 Cr (1038.04 Lakhs), indicating strong core profitability growth.
Capital Expenditure
The company raised INR 30.68 Cr through an SME IPO in June 2025 specifically to fund capacity expansion and scale operations to meet rising demand.
Credit Rating & Borrowing
The company has sanctioned working capital limits exceeding INR 5 Cr from banks and financial institutions, secured against current assets, though specific interest rate percentages were not disclosed.
Operational Drivers
Raw Materials
Key raw materials include Cotton and Polyester, which are subject to high price volatility in the domestic market.
Import Sources
The company primarily focuses on the domestic market for sourcing and sales, with procurement strategies designed to mitigate local price fluctuations.
Key Suppliers
Not disclosed in available documents, though the company maintains long-term relationships with reliable vendors to manage supply chain risks.
Capacity Expansion
Current capacity is being scaled up using the INR 30.68 Cr raised from the IPO in mid-2025 to enhance manufacturing output and productivity.
Raw Material Costs
Raw material costs are a significant driver of expenses; the company manages this through timely procurement strategies to reduce the impact of cotton and polyester price volatility.
Manufacturing Efficiency
Growth in profitability (83.23% YoY) is attributed to improved operational efficiencies and the optimization of the product mix.
Logistics & Distribution
The company operates three branches in Delhi, Haryana, and West Bengal to facilitate distribution across key domestic hubs.
Strategic Growth
Growth Strategy
Growth is targeted through the utilization of INR 30.68 Cr in IPO proceeds for capacity expansion, investing in workforce training to enhance productivity, and maintaining high quality standards (GOTS/OEKO-TEX) to attract a wider customer base.
Products & Services
The company manufactures textile products and garments, evidenced by its GOTS (Global Organic Textile Standard) and OEKO-TEX® certifications.
Brand Portfolio
Silky Overseas Limited.
New Products/Services
The company is focusing on a 'favorable product mix' to drive higher margins, though specific new product names were not listed.
Market Expansion
Expansion is focused on scaling manufacturing capacity following the July 2025 listing on the NSE Emerge platform.
External Factors
Industry Trends
The industry is shifting toward sustainable and certified textiles; Silky is positioned for this through GOTS and OEKO-TEX® compliance.
Competitive Landscape
Intense competition exists from both domestic manufacturers and low-cost international exporters in the textile sector.
Competitive Moat
Competitive advantage is derived from operational efficiency, a wide customer base, and high-standard certifications (ISO, GOTS) which act as barriers to entry for unorganized players.
Macro Economic Sensitivity
Highly sensitive to raw material price cycles (cotton/polyester) and domestic consumer demand trends.
Consumer Behavior
Demand is influenced by changing consumer trends in the domestic textile and apparel market.
Geopolitical Risks
Competition from international low-cost hubs such as Bangladesh and Vietnam represents a significant external threat to market share.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013, Accounting Standards, and Cost Records and Audit Rules 2014.
Environmental Compliance
The company maintains GOTS and OEKO-TEX® certifications, indicating compliance with international environmental and textile safety standards.
Taxation Policy Impact
The company complies with the Companies Act, 2013; however, the specific effective tax rate percentage is not disclosed.
Legal Contingencies
The company has zero pending litigations that would impact its financial position as of March 31, 2025.
Risk Analysis
Key Uncertainties
The primary uncertainty is the volatility of cotton and polyester prices, which can fluctuate significantly and impact the cost structure.
Geographic Concentration Risk
Operations are concentrated in India, specifically through branches in Delhi, Haryana, and West Bengal.
Third Party Dependencies
Dependency on raw material vendors is managed through long-term contracts and diversification of sources.
Technology Obsolescence Risk
The company uses accounting software with audit trail (edit log) facilities to ensure data integrity and mitigate digital risks.
Credit & Counterparty Risk
The company maintains working capital limits with banks, and quarterly returns filed are in agreement with books of accounts, indicating stable counterparty relationships.
