Skyline Millars Ltd

About

Skyline Millars is inter alia in the business of Construction Equipments and Real Estate.

  • Market Cap 38.1 Cr.
  • Current Price 9.47
  • High / Low 19.3 / 3.61
  • Stock P/E 16.8
  • Book Value 6.68
  • Dividend Yield 0.00 %
  • ROCE 10.6 %
  • ROE 9.31 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -12.03% over past five years.
  • Company has a low return on equity of 4.26% for last 3 years.
  • Earnings include an other income of Rs.0.68 Cr.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
2.00 0.52 0.87 1.79 1.67 0.17 0.17 0.00 1.94 2.08 0.22 0.00
0.93 0.90 1.51 0.83 1.11 0.51 0.71 0.18 0.52 0.84 0.64 0.28
Operating Profit 1.07 -0.38 -0.64 0.96 0.56 -0.34 -0.54 -0.18 1.42 1.24 -0.42 -0.28
OPM % 53.50% -73.08% -73.56% 53.63% 33.53% -200.00% -317.65% 73.20% 59.62% -190.91%
Other Income 0.11 0.18 0.09 0.01 0.04 0.06 0.26 0.09 0.40 0.11 0.09 0.08
Interest 0.07 0.07 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.04 0.04 0.04 0.03 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00
Profit before tax 1.07 -0.31 -0.63 0.94 0.59 -0.29 -0.29 -0.10 1.81 1.34 -0.34 -0.20
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 23.88% 0.00% 0.00%
Net Profit 1.07 -0.31 -0.62 0.93 0.59 -0.28 -0.29 -0.10 1.81 1.01 -0.34 -0.21
EPS in Rs 0.27 -0.08 -0.15 0.23 0.15 -0.07 -0.07 -0.02 0.45 0.25 -0.08 -0.05

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
22.66 28.96 25.75 25.10 14.29 5.57 8.05 2.06 3.03 4.42 3.78 4.24 4.24
18.33 25.53 22.57 22.49 14.71 8.73 9.91 11.73 4.80 4.61 3.06 2.18 2.28
Operating Profit 4.33 3.43 3.18 2.61 -0.42 -3.16 -1.86 -9.67 -1.77 -0.19 0.72 2.06 1.96
OPM % 19.11% 11.84% 12.35% 10.40% -2.94% -56.73% -23.11% -469.42% -58.42% -4.30% 19.05% 48.58% 46.23%
Other Income 0.97 1.67 1.21 2.47 1.26 0.69 0.31 2.17 -1.35 0.38 0.36 0.68 0.68
Interest 0.03 0.02 0.03 0.00 0.25 0.84 0.80 0.24 0.10 0.25 0.00 0.00 0.00
Depreciation 0.17 0.16 0.14 0.19 0.37 1.03 0.99 0.21 0.19 0.16 0.13 0.03 0.03
Profit before tax 5.10 4.92 4.22 4.89 0.22 -4.34 -3.34 -7.95 -3.41 -0.22 0.95 2.71 2.61
Tax % 17.06% 36.99% 33.41% 31.08% 240.91% -9.68% -4.19% 25.79% 0.00% 0.00% 0.00% 11.81%
Net Profit 4.23 3.10 2.81 3.37 -0.31 -4.77 -3.48 -5.90 -3.41 -0.21 0.95 2.39 2.27
EPS in Rs 1.05 0.77 0.70 0.84 -0.08 -1.19 -0.87 -1.47 -0.85 -0.05 0.24 0.59 0.57
Dividend Payout % 19.01% 25.94% 28.61% 23.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:-17%
5 Years:-12%
3 Years:12%
TTM:111%
Compounded Profit Growth
10 Years:-3%
5 Years:22%
3 Years:47%
TTM:2938%
Stock Price CAGR
10 Years:8%
5 Years:18%
3 Years:81%
1 Year:114%
Return on Equity
10 Years:-3%
5 Years:-5%
3 Years:4%
Last Year:9%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4.02 4.02 4.02 4.02 4.02 4.02 4.02 4.02 4.02 4.02 4.02 4.02
Reserves 30.65 32.81 34.69 37.13 37.08 32.29 28.81 23.13 19.73 19.51 20.45 22.84
Borrowings 0.00 0.00 0.00 4.19 4.48 5.33 5.28 2.12 2.17 0.00 0.00 0.00
14.08 18.29 19.49 13.30 5.53 8.19 7.64 4.30 2.54 2.20 2.22 0.71
Total Liabilities 48.75 55.12 58.20 58.64 51.11 49.83 45.75 33.57 28.46 25.73 26.69 27.57
1.90 4.58 4.69 5.25 18.42 17.56 16.65 1.71 1.52 1.35 1.59 0.28
CWIP 0.00 0.81 3.82 10.52 0.00 0.09 0.12 0.00 0.00 0.00 0.00 0.00
Investments 0.26 0.28 0.28 0.28 0.03 0.03 0.03 0.04 0.05 0.04 0.01 0.01
46.59 49.45 49.41 42.59 32.66 32.15 28.95 31.82 26.89 24.34 25.09 27.28
Total Assets 48.75 55.12 58.20 58.64 51.11 49.83 45.75 33.57 28.46 25.73 26.69 27.57

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5.35 3.51 4.67 0.42 1.83 -2.12 0.41 -0.64 -3.18 2.65 3.04 3.49
0.01 -3.67 -3.30 -10.78 -5.88 0.09 -0.04 3.10 2.97 0.02 0.33 0.30
0.00 0.00 -0.97 3.27 -0.38 0.01 -0.78 -3.81 -0.06 -2.42 0.00 0.00
Net Cash Flow 5.36 -0.16 0.40 -7.09 -4.43 -2.02 -0.42 -1.35 -0.27 0.25 3.37 3.79

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 47.36 38.44 53.01 39.41 73.56 196.59 109.27 161.24 83.12 28.90 12.55 24.10
Inventory Days 1,702.91 118.46 90.18 787.43 1,205.61 521.27 152.44 8,601.83 17,763.33 9,425.59 5,825.96
Days Payable 94.61 145.80 107.94 199.09 357.63 156.27 76.22 18.25 36.50 0.00 0.00
Cash Conversion Cycle 1,655.66 11.10 35.26 627.75 921.54 561.59 185.49 8,744.82 17,809.95 28.90 9,438.14 5,850.07
Working Capital Days 336.17 44.11 -30.33 36.21 204.85 406.94 161.42 3,777.57 2,250.23 1,409.63 1,540.15 1,432.45
ROCE % 15.57% 13.82% 11.25% 9.09% 0.59% -8.30% -6.37% -27.63% -6.85% 0.12% 3.92% 10.56%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
71.71 71.68 71.68 71.68 71.68 71.68 71.68 71.68 71.67 71.67 71.67 71.67
0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00
28.29 28.32 28.32 28.32 28.31 28.32 28.32 28.32 28.33 28.33 28.33 28.33

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