SIL Investments Limited (SILINV) AI Stock Analysis

• Market Cap: ₹4.58B
• Dividend Yield: 0.49%
• Average Volume (3M): 1.76K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 6
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 18.37
• 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: ₹460.00 ▼(-12.59% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

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

High profit margins

Consistently very high gross and net margins indicate durable pricing power and an efficient cost structure within its asset-management model. Persistently strong margins support internal reinvestment, resilience through cycles, and the potential to sustain shareholder distributions over time.

Conservative balance sheet

Very low leverage and a materially growing equity base give the company financial flexibility to fund opportunities, absorb shocks, and avoid refinancing risk. This conservative capital structure supports long-term stability and strategic optionality without adding interest cost pressure.

Positive earnings and revenue trends

Reported revenue and EPS growth metrics show the company can expand underlying earnings over multi-year periods. Durable top- and bottom-line expansion, when sustained, compounds equity value and improves ability to invest in capabilities or return cash to stakeholders.

Negative Factors

Volatile cash generation

Meaningful swings and intermittent negative free cash flow reduce predictability of internally funded investments and distributions. Volatile cash conversion raises the risk of needing external financing for growth or capital actions and complicates multi-period planning.

Uneven revenue and earnings trend

Irregular revenue growth and a non-linear net income path hinder reliable forecasting and make it harder to assess sustainable growth drivers. Structural planning, resource allocation, and valuation of future cash flows are all impaired by inconsistent top- and bottom-line performance.

Low returns on equity

ROE near single digits implies the company generates limited profit relative to its equity base, suggesting capital is not highly productive. Persistently low ROE can constrain long-term shareholder returns and signal inefficiencies in asset deployment or business scale.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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	₹4.11B	18.09	―	―	-3.87%	-56.35%
CSLFINANCE	66 Neutral	₹6.15B	7.08	―	0.93%	17.32%	13.66%
SILINV	63 Neutral	₹4.58B	10.35	―	0.49%	―	―
NAHARCAP	62 Neutral	₹4.00B	6.05	―	0.57%	-36.38%	93.15%
THEINVEST	59 Neutral	₹5.00B	16.86	―	―	-9.21%	-48.40%
NBIFIN	57 Neutral	₹4.67B	27.67	―	0.02%	―	―