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Two Stocks Plummet: Siyaram's Profits Soar, Precision's Shrink
31 Jul
Summary
- Siyaram Silk Mills' stock fell 48% while profits hit an all-time high.
- Precision Camshafts stock dropped 64% as its core business contracted.
- Investor Vijay Kedia maintained stakes in both companies throughout their slides.
As of July 31, 2026, Siyaram Silk Mills' stock has fallen 48% from its peak, closing at Rs 617 on July 29, 2026. This decline occurred despite the company reporting record sales of Rs 2,572 crore and a net profit of Rs 231 crore for FY26. However, excluding a base-effect distortion from FY21 and significant other income, operational profit growth has been modest. Retail expansion is increasing debt and debtor days.
Precision Camshafts' stock has similarly dropped 64% to Rs 139 by July 29, 2026. Its financial performance shows sales declining for three straight years, reaching Rs 773 crore in FY26. The company's profit relies heavily on other income from its investments. While the balance sheet is strong with minimal debt and substantial investments, the core product, camshafts, faces a long-term threat from electric vehicles.
Investor Vijay Kedia's presence is noted in both companies' shareholding filings for the June 2026 quarter, indicating he held stakes through their respective market slides. Siyaram Silk Mills represents a market de-rating story, while Precision Camshafts presents a valuation puzzle linked to a challenging future for its core product.
