SIL Investments Limited (SILINV) AI Stock Analysis

• Market Cap: ₹4.80B
• Dividend Yield: 0.49%
• Average Volume (3M): 1.76K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 1.38
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 6
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 18.44
• Shares Outstanding: 10,595,860
• 10 Day Avg. Volume: 409
• 30 Day Avg. Volume: 1,759
• PEG Ratio: 3.78
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 11.24
• P/FCF Ratio: 68.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹482.00 ▼(-8.41% Downside)

The score is primarily supported by strong margins and a low-leverage balance sheet, but it is held back by volatile cash flow conversion and a technically weak trend (price below key moving averages with negative MACD). Valuation appears reasonable, though the dividend yield is modest.

Positive Factors

Margin Sustainability

High and consistent gross and net margins indicate durable pricing power and a scalable asset-management fee model. Over a 2–6 month horizon this underpins stable profitability, cushions the business against revenue swings, and funds reinvestment or distributions without relying solely on top-line growth.

Conservative Balance Sheet

A very low leverage profile and materially increasing equity provide long-term financial flexibility and low refinancing risk. This conservatism supports capital allocation optionality, helps absorb industry cyclicality, and preserves capacity for opportunistic investments or shareholder returns.

Earnings Per Share Growth

Reported EPS growth (~17.6%) signals improving per-share earnings power and operational leverage in the fee-based model. If maintained, rising EPS strengthens the company's ability to fund strategic initiatives, support distributions, and reflects management effectiveness in converting revenue into shareholder earnings.

Negative Factors

Cash Conversion Volatility

Operating and free cash flow have swung materially and included negative years, showing weak cash conversion despite net income. Persistent volatility impairs reliable capital allocation, increases the chance of external financing needs, and constrains durable dividend or buyback policies.

Uneven Revenue Growth

Inconsistent top-line growth undermines scaling benefits and makes long-term forecasting difficult for an asset manager reliant on fee income and AUM stability. Without steadier revenue trends, strategic investments and margin preservation become harder to plan and sustain.

Low Return on Equity

ROE near 1%–2% indicates the company generates minimal profit relative to its equity base, pointing to inefficient capital use. Over months this structural weakness limits shareholder value creation and suggests that equity growth has not translated into proportional earnings expansion.

SIL Investments Limited Business Overview & Revenue Model

Company Description

SIL Investments Limited, a non-banking financial company, engages in the commercial finance and investments activities in India. It invests in shares, securities, and real estate. The company was formerly known as Sutlej Industries Limited and changed its name to SIL Investments Limited in March 2007. SIL Investments Limited was incorporated in 1934 and is based in Bhawanimandi, India.

How the Company Makes Money

SIL Investments Limited Financial Statement Overview

Summary

Strong profitability and a conservatively positioned balance sheet with very low debt support a solid financial profile. However, revenue growth has been uneven and cash flow/free cash flow have been volatile (including negative periods), reducing predictability and pulling down the score.

Income Statement

Profitability is a clear strength, with consistently very high gross and net margins across the annual periods provided, indicating a strong earnings profile for the business model. Revenue growth has been volatile (strong growth in 2021, modest growth in 2023–2024, and a slight decline in 2025), and net income has not shown a steady upward trajectory, which tempers the score despite excellent margins.

Balance Sheet

The balance sheet appears conservatively positioned, with very low-to-zero debt across most years and an extremely low debt-to-equity profile even when debt is present. Total equity has also increased materially over time, supporting financial flexibility. The main weakness is that returns on equity are consistently low (around ~1%–2% in the periods shown), suggesting the company is not generating high profits relative to its equity base.

Cash Flow

Cash generation is inconsistent. Operating cash flow is positive in most years but swings meaningfully, including a negative year (2021) and a sharp drop in 2025 versus prior periods. Free cash flow is also volatile, with notably negative years (2022 and 2024) despite positive net income, which raises questions around cash conversion stability and/or working-capital and investment timing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	537.12M	536.22M	467.38M	380.35M	449.85M	231.27M
Gross Profit	510.98M	511.78M	449.80M	368.89M	437.42M	222.11M
EBITDA	504.01M	444.61M	432.23M	429.79M	429.75M	274.08M
Net Income	353.74M	309.34M	294.15M	280.80M	330.13M	202.95M
Balance Sheet
Total Assets	0.00	35.39B	24.23B	18.89B	26.68B	13.39B
Cash, Cash Equivalents and Short-Term Investments	0.00	787.80M	18.99B	700.70M	21.94B	11.89B
Total Debt	0.00	0.00	7.10M	458.31M	490.76M	0.00
Total Liabilities	-32.14B	3.24B	1.69B	1.47B	2.53B	476.60M
Stockholders Equity	32.14B	31.45B	21.97B	16.99B	23.53B	12.69B
Cash Flow
Free Cash Flow	0.00	88.40M	-22.64M	998.95M	-517.87M	-169.23M
Operating Cash Flow	0.00	98.70M	160.25M	998.95M	304.40M	-169.10M
Investing Cash Flow	0.00	-142.20M	142.16M	-879.84M	-639.05M	168.08M
Financing Cash Flow	0.00	-26.50M	-484.80M	-58.94M	464.27M	-26.49M

SIL Investments Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AVONMORE	67 Neutral	₹4.26B	30.32	―	―	-3.87%	-56.35%
CSLFINANCE	66 Neutral	₹6.29B	7.61	―	0.93%	17.32%	13.66%
SILINV	63 Neutral	₹4.80B	12.44	―	0.49%	―	―
NAHARCAP	62 Neutral	₹3.94B	6.62	―	0.57%	-36.38%	93.15%
THEINVEST	59 Neutral	₹5.26B	24.10	―	―	-9.21%	-48.40%
NBIFIN	57 Neutral	₹4.94B	29.24	―	0.02%	―	―

SIL Investments Limited Corporate Events

SIL Investments Initiates Postal Ballot for Member Resolutions

SIL Investments Limited has announced a Postal Ballot Notice to seek approval from its members on certain resolutions through remote e-voting. The company has engaged National Securities Depository Limited to facilitate this process, which will run from November 28, 2025, to December 27, 2025. The results will be declared by December 29, 2025, and will be available on the company’s website and stock exchanges where its shares are listed.