SIL Investments Limited (SILINV) AI Stock Analysis

• Market Cap: ₹4.27B
• Dividend Yield: 0.49%
• Average Volume (3M): 1.76K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 1.16
• 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: ₹429.00 ▼(-18.48% 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 and durable profit margins

SIL Investments reports very high gross and net margins, indicating strong pricing power or low variable costs. Durable margins support long-term profitability, allow reinvestment or distributions, and provide a buffer versus revenue variability, strengthening intrinsic cash earnings.

Conservative balance sheet with minimal leverage

A conservatively positioned balance sheet with minimal debt reduces financial risk, preserves liquidity, and enhances capital allocation flexibility. This structural strength supports resilience through market stress and gives management optionality for investment or shareholder returns without refinancing pressure.

Positive multi-year revenue and EPS growth metrics

Reported multi-year revenue and EPS growth indicate the business can expand scale and improve per-share profitability over time. Sustained top-line and earnings momentum, even if uneven, underpin long-run earnings power and provide a base for compounding cash generation and strategic reinvestment.

Negative Factors

Volatile operating and free cash flow

Inconsistent OCF and FCF reduce the reliability of reported earnings as a source of cash. This volatility constrains the firm's ability to sustainably fund capex, pay dividends, or pursue acquisitions, forcing reliance on balance sheet buffers and limiting long-term strategic flexibility.

Uneven revenue and net income trajectory

Irregular top-line and profit trends reduce forecastability and complicate capacity planning and investment. Persistent variability may reflect client concentration, cyclical demand, or execution gaps, weakening the predictability of future margins and cash flows over the medium term.

Low returns on equity despite equity growth

Low ROE indicates the company is not generating strong returns on capital deployed, limiting shareholder value creation. Even with a stronger equity base, persistently low ROE suggests inefficiencies or a low‑return business mix that can constrain long-term compounded growth in shareholder equity.

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.

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	581.12M	536.22M	467.38M	380.35M	449.85M	231.27M
Gross Profit	554.88M	511.78M	449.80M	368.89M	437.42M	222.11M
EBITDA	539.81M	444.61M	432.23M	429.79M	429.75M	274.08M
Net Income	385.84M	309.34M	294.15M	280.80M	330.13M	202.95M
Balance Sheet
Total Assets	32.42B	35.39B	24.23B	18.89B	26.68B	13.39B
Cash, Cash Equivalents and Short-Term Investments	291.80M	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	2.88B	3.24B	1.69B	1.47B	2.53B	476.60M
Stockholders Equity	28.78B	31.45B	21.97B	16.99B	23.53B	12.69B
Cash Flow
Free Cash Flow	682.30M	88.40M	-22.64M	998.95M	-517.87M	-169.23M
Operating Cash Flow	708.80M	98.70M	160.25M	998.95M	304.40M	-169.10M
Investing Cash Flow	-750.40M	-142.20M	142.16M	-879.84M	-639.05M	168.08M
Financing Cash Flow	-26.50M	-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%
CSLFINANCE	66 Neutral	₹5.52B	8.12	―	0.93%	17.32%	13.66%
AVONMORE	65 Neutral	₹3.52B	14.75	―	―	-3.87%	-56.35%
SILINV	63 Neutral	₹4.27B	7.07	―	0.49%	―	―
NAHARCAP	62 Neutral	₹3.65B	8.25	―	0.57%	-36.38%	93.15%
THEINVEST	59 Neutral	₹5.09B	13.06	―	―	-9.21%	-48.40%
NBIFIN	57 Neutral	₹4.25B	25.40	―	0.02%	―	―