SILINV - SIL Investments

📊 NSE: SILINV 🏢 Finance & Investments 📅 Last Updated: 12/14/2025 13:23

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations grew 7.57% to INR 54.82 Cr. Interest income surged 80.17% to INR 15.40 Cr, while dividend income grew 2.52% to INR 38.67 Cr. Net gain on fair value changes declined 84.01% to INR 0.75 Cr.

Geographic Revenue Split

India operations contributed 98.63% (INR 55.57 Cr) and Singapore operations (SIL International Pte Ltd) contributed 1.37% (INR 0.77 Cr) of total income.

Profitability Margins

Net Profit Margin for owners was 54.91% in FY25 (INR 30.93 Cr profit on INR 56.34 Cr total income), compared to 54.19% in FY24. Operating Profit Margin was 81.87%.

EBITDA Margin

Operating Profit Margin (Operating Profit before Working Capital / Total Income) was 81.87% in FY25, up from 71.95% in FY24, reflecting high core profitability.

Capital Expenditure

Estimated at INR 2.56 Cr in FY25 based on depreciation and amortization expenses, representing a 49.71% increase from INR 1.71 Cr in FY24.

⚙️ Operational Drivers

Raw Materials

Not applicable for an investment and lending NBFC.

Import Sources

Not applicable.

Key Suppliers

Not applicable.

Capacity Expansion

The investment portfolio grew 48.98% YoY to reach INR 3,345.18 Cr as of March 31, 2025, from INR 2,245.33 Cr in the previous year.

Raw Material Costs

Not applicable.

Manufacturing Efficiency

Not applicable.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Growth Strategy

Growth will be achieved by reallocating capital from low-yield bonds and mutual funds into higher-interest unsecured loans to Qualified Bodies Corporate (QBCs), aiming to outperform market benchmarks and enhance the valuation of group holdings.

Products & Services

Unsecured loans to Qualified Bodies Corporate (QBCs) and investment management services in equity and debt securities.

Brand Portfolio

SIL Investments Limited.

New Products/Services

Expanded corporate lending to QBCs with yields benchmarked against market rates to optimize portfolio returns.

Strategic Alliances

Maintains strategic investment and lending relationships with Nopany Group companies, including Sutlej Textiles and Industries, Avadh Sugar & Energy, and Magadh Sugar & Energy.

🌍 External Factors

Industry Trends

The investment NBFC sector is shifting towards yield optimization through direct corporate lending and increased regulatory focus on internal financial controls and audit trails.

Competitive Landscape

Competes with other industrial holding companies and NBFCs for corporate credit and investment opportunities within the Indian market.

Competitive Moat

Sustainable moat derived from a large capital base (INR 3,145.36 Cr equity) and stable dividend income from established industrial group companies.

Macro Economic Sensitivity

Highly sensitive to interest rate cycles (affecting INR 15.40 Cr interest income) and equity market performance (affecting the INR 3,345.18 Cr investment portfolio).

Consumer Behavior

Not applicable as the company serves corporate entities.

Geopolitical Risks

Minimal impact due to 98.76% asset concentration in India.

⚖️ Regulatory & Governance

Industry Regulations

Regulated by the RBI as an NBFC (Investment Category) and subject to Companies Act requirements for audit trails and Section 123 for dividend distributions.

Environmental Compliance

Not applicable for an investment NBFC.

Taxation Policy Impact

Effective tax rate of 25.19% based on INR 10.55 Cr direct taxes paid on INR 41.89 Cr Profit Before Tax.

Legal Contingencies

Pending litigations are disclosed in Note 33 of the Consolidated Financial Statements; however, specific INR values for these contingencies are not provided in the summary.

⚠️ Risk Analysis

Key Uncertainties

Market risk on the fair value of the INR 3,345.18 Cr investment portfolio and credit risk associated with unsecured lending to Qualified Bodies Corporate.