Skyline Millars Ltd

Skyline Millars Ltd

₹ 14.1 -4.61%
25 Apr - close price
About

Incorporated in 1919, Skyline Millars Ltd is
in the business of real estate development[1]

Key Points

Product Profile:
a) Precast Pipes & Manhole Systems:[1]
Company manufactures RCC Humes Pipes,
Lined Pipes, Jacking Pipes, Manhole Systems, and Other Precast Products, are used
in Water Mains, Sewers, Culverts, Irrigation, and Conveyance of Treated Effluent.
b) Realty:[2]
Company has undertaken residential projects
viz. Skyline Oasis which is a 12 building of 12 stories in Mumbai, and Skyline Riverside residential project in Karjat

  • Market Cap 56.6 Cr.
  • Current Price 14.1
  • High / Low 25.2 / 8.00
  • Stock P/E
  • Book Value 6.25
  • Dividend Yield 0.00 %
  • ROCE -6.03 %
  • ROE -6.03 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -45.2% over past five years.
  • Company has a low return on equity of 2.48% over last 3 years.
  • Working capital days have increased from 19,441 days to 37,449 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2.08 0.22 0.00 0.00 0.00 0.00 0.15 0.00 0.00 0.00 0.00 0.00 0.00
0.84 0.64 0.28 0.35 0.28 0.33 0.42 0.67 0.47 0.61 0.49 0.32 0.28
Operating Profit 1.24 -0.42 -0.28 -0.35 -0.28 -0.33 -0.27 -0.67 -0.47 -0.61 -0.49 -0.32 -0.28
OPM % 59.62% -190.91% -180.00%
0.11 0.09 0.08 1.76 0.09 0.08 0.08 0.08 0.09 -0.06 0.09 0.11 0.09
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.34 -0.34 -0.20 1.41 -0.19 -0.25 -0.19 -0.59 -0.38 -0.67 -0.40 -0.21 -0.19
Tax % 23.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
1.01 -0.34 -0.21 1.40 -0.20 -0.25 -0.19 -0.59 -0.38 -0.68 -0.40 -0.21 -0.19
EPS in Rs 0.25 -0.08 -0.05 0.35 -0.05 -0.06 -0.05 -0.15 -0.09 -0.17 -0.10 -0.05 -0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
25.75 25.10 14.29 5.57 8.05 2.06 3.03 4.42 3.78 4.24 0.00 0.15 0.00
22.57 22.49 14.71 8.73 9.91 11.73 4.80 4.61 3.17 1.82 1.23 2.18 1.70
Operating Profit 3.18 2.61 -0.42 -3.16 -1.86 -9.67 -1.77 -0.19 0.61 2.42 -1.23 -2.03 -1.70
OPM % 12.35% 10.40% -2.94% -56.73% -23.11% -469.42% -58.42% -4.30% 16.14% 57.08% -1,353.33%
1.21 2.47 1.26 0.69 0.31 2.17 -1.35 0.38 0.36 0.32 1.99 0.20 0.23
Interest 0.03 0.00 0.25 0.84 0.80 0.24 0.10 0.25 0.00 0.00 0.00 0.00 0.00
Depreciation 0.14 0.19 0.37 1.03 0.99 0.21 0.19 0.16 0.03 0.03 0.02 0.01 0.00
Profit before tax 4.22 4.89 0.22 -4.34 -3.34 -7.95 -3.41 -0.22 0.94 2.71 0.74 -1.84 -1.47
Tax % 33.41% 31.08% 240.91% -9.68% -4.19% 25.79% 0.00% 0.00% 0.00% 11.81% 0.00% 0.00%
2.81 3.37 -0.31 -4.77 -3.48 -5.90 -3.41 -0.21 0.95 2.39 0.75 -1.84 -1.48
EPS in Rs 0.70 0.84 -0.08 -1.19 -0.87 -1.47 -0.85 -0.05 0.24 0.59 0.19 -0.46 -0.37
Dividend Payout % 28.61% 23.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -40%
5 Years: -45%
3 Years: -66%
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: %
TTM: 5%
Stock Price CAGR
10 Years: 16%
5 Years: 32%
3 Years: 21%
1 Year: 25%
Return on Equity
10 Years: -5%
5 Years: 2%
3 Years: 2%
Last Year: -6%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.02 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 34.69 37.13 37.08 32.29 28.81 23.13 19.73 19.51 20.45 22.84 23.59 21.74 21.13
0.00 4.19 4.48 5.33 5.28 2.12 2.17 0.00 0.00 0.00 0.00 0.00 0.00
19.49 13.30 5.53 8.19 7.64 4.30 2.54 2.20 2.22 0.71 0.82 1.31 1.17
Total Liabilities 58.20 58.64 51.11 49.83 45.75 33.57 28.46 25.73 26.69 27.57 28.43 27.07 26.32
4.69 5.25 18.42 17.56 16.65 1.71 1.52 1.35 1.59 0.28 0.26 0.25 0.27
CWIP 3.82 10.52 0.00 0.09 0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.28 0.28 0.03 0.03 0.03 0.04 0.05 0.04 0.01 0.01 0.01 0.00 0.00
49.41 42.59 32.66 32.15 28.95 31.82 26.89 24.34 25.09 27.28 28.16 26.82 26.05
Total Assets 58.20 58.64 51.11 49.83 45.75 33.57 28.46 25.73 26.69 27.57 28.43 27.07 26.32

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4.67 0.42 1.83 -2.12 0.41 -0.64 -3.18 2.65 3.04 3.49 0.51 -1.67
-3.30 -10.78 -5.88 0.09 -0.04 3.10 2.97 0.02 0.33 0.30 0.37 0.84
-0.97 3.27 -0.38 0.01 -0.78 -3.81 -0.06 -2.42 0.00 0.00 0.00 0.00
Net Cash Flow 0.40 -7.09 -4.43 -2.02 -0.42 -1.35 -0.27 0.25 3.37 3.79 0.88 -0.82

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53.01 39.41 73.56 196.59 109.27 161.24 83.12 28.90 12.55 24.10 24.33
Inventory Days 90.18 787.43 1,205.61 521.27 152.44 8,601.83 17,763.33 11,724.51 5,825.96 28,675.31
Days Payable 107.94 199.09 357.63 156.27 76.22 18.25 36.50 0.00 0.00 0.00
Cash Conversion Cycle 35.26 627.75 921.54 561.59 185.49 8,744.82 17,809.95 28.90 11,737.07 5,850.07 28,699.65
Working Capital Days -30.48 20.79 191.31 338.13 113.81 3,403.71 2,250.23 1,409.63 1,540.15 1,432.45 37,449.00
ROCE % 11.25% 9.09% 0.59% -8.30% -6.37% -27.63% -6.85% 0.12% 3.88% 11.96% 3.01% -6.03%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.67% 71.67% 71.67% 71.67% 71.67% 71.67% 71.67% 71.67% 71.67% 71.67% 71.67% 71.67%
28.33% 28.33% 28.33% 28.33% 28.33% 28.34% 28.33% 28.33% 28.33% 28.33% 28.33% 28.33%
No. of Shareholders 4,0494,8155,2636,0325,9645,9266,0115,8405,6775,6656,3867,110

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