Silgo Retail Ltd
₹ 64.8
-0.75%
12 Sep
- close price
About
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]
Key Points
- Market Cap ₹ 151 Cr.
- Current Price ₹ 64.8
- High / Low ₹ 79.0 / 26.2
- Stock P/E 32.5
- Book Value ₹ 31.6
- Dividend Yield 0.00 %
- ROCE 10.5 %
- ROE 7.96 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -14.6%
- The company has delivered a poor sales growth of 9.33% over past five years.
- Company has a low return on equity of 7.78% over last 3 years.
* 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.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|
16.47 | 21.67 | 28.41 | 31.89 | 34.85 | 34.07 | 35.03 | 44.37 | 44.07 | |
14.62 | 19.69 | 25.13 | 27.86 | 30.62 | 29.50 | 29.47 | 38.11 | 37.60 | |
Operating Profit | 1.85 | 1.98 | 3.28 | 4.03 | 4.23 | 4.57 | 5.56 | 6.26 | 6.47 |
OPM % | 11.23% | 9.14% | 11.55% | 12.64% | 12.14% | 13.41% | 15.87% | 14.11% | 14.68% |
0.00 | 0.00 | 0.02 | 0.00 | 0.29 | 0.60 | 0.06 | 0.02 | 0.02 | |
Interest | 0.46 | 0.01 | 0.50 | 0.95 | 1.29 | 1.92 | 1.34 | 0.18 | 0.16 |
Depreciation | 0.06 | 0.10 | 0.13 | 0.10 | 0.08 | 0.05 | 0.04 | 0.03 | 0.02 |
Profit before tax | 1.33 | 1.87 | 2.67 | 2.98 | 3.15 | 3.20 | 4.24 | 6.07 | 6.31 |
Tax % | 27.82% | 34.22% | 26.59% | 26.17% | 26.98% | 26.25% | 25.47% | 26.19% | |
0.95 | 1.23 | 1.97 | 2.20 | 2.31 | 2.35 | 3.15 | 4.48 | 4.66 | |
EPS in Rs | 0.98 | 1.19 | 1.07 | 1.13 | 1.15 | 1.70 | 2.42 | 2.40 | |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 8% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 25% |
TTM: | 42% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 42% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 8% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 5.07 | 6.67 | 10.27 | 10.27 | 10.27 | 18.50 | 18.50 |
Reserves | 1.13 | 4.25 | 11.01 | 15.79 | 18.13 | 20.47 | 35.59 | 39.95 |
2.60 | 0.00 | 8.00 | 17.34 | 19.19 | 18.72 | 6.79 | 0.00 | |
5.29 | 1.30 | 1.27 | 1.76 | 3.60 | 2.66 | 2.45 | 6.01 | |
Total Liabilities | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 |
0.45 | 0.37 | 0.39 | 0.31 | 0.25 | 0.21 | 0.17 | 0.13 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
8.58 | 10.25 | 26.56 | 44.85 | 50.94 | 51.91 | 63.16 | 64.33 | |
Total Assets | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
-0.82 | -4.50 | -13.74 | -14.79 | -0.79 | 2.38 | 1.56 | -0.63 | |
-0.49 | -0.02 | 0.07 | -0.01 | 0.01 | -0.01 | 0.00 | 0.00 | |
1.51 | 4.35 | 13.96 | 14.64 | 0.72 | -2.40 | 7.05 | -7.14 | |
Net Cash Flow | 0.19 | -0.17 | 0.29 | -0.16 | -0.06 | -0.03 | 8.61 | -7.77 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 66.93 | 35.03 | 120.12 | 149.14 | 166.11 | 176.66 | 47.62 | 10.94 |
Inventory Days | 139.05 | 163.27 | 258.93 | 401.91 | 431.47 | 446.23 | 602.64 | 597.56 |
Days Payable | 124.38 | 11.14 | 2.75 | 6.23 | 5.81 | 13.58 | 9.19 | 1.50 |
Cash Conversion Cycle | 81.59 | 187.17 | 376.31 | 544.82 | 591.77 | 609.31 | 641.07 | 607.00 |
Working Capital Days | 8.20 | 147.89 | 219.18 | 304.57 | 336.72 | 359.43 | 473.05 | 473.83 |
ROCE % | 28.79% | 18.00% | 11.38% | 9.76% | 10.55% | 10.11% | 10.48% |
Documents
Announcements
-
Outcome of Board Meeting
11 September 2025 - Allotment of 12,45,000 shares at Rs.56.25 each (Rs.7,00,31,250) on preferential basis on Sep 11, 2025.
-
General Updates
29 August 2025 - ROC approved alteration of MOA object clause; Board July 22, AGM Aug 20, 2025; certificate Aug 27, 2025.
-
General Updates
26 August 2025 - Acquires 100% of Hare Krishna Creative; 51MW MSEDCL PPA at ₹2.99/kWh, 25 years; Rs.46.53 Cr subsidy.
-
General Updates
23 August 2025 - Silgo to acquire 100% of Hare Krishna; 51MW Maharashtra solar PPA at Rs2.99/kWh, Rs46.53Cr subsidy.
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General Updates
23 August 2025 - 100% acquisition; target awarded 51MW MSEDCL solar PPA at Rs2.99/kWh; Rs46.53Cr subsidy; PPA dated 28-Mar-2025
Business Overview:[1]
Company is in the business of designing, manufacturing, retailing, and wholesale of silver jewellery. The company started dealing in gemstones from FY22. Company offers a wide variety of designs for its products which include rings, earrings, bracelets, necklaces, jhumki, bangles and customized jewellery. SRL's online products are hallmarked jewellery certified by BIS and every jewellery made is cast in 925 sterling silver. Company also offers products for special occasions viz. weddings and festivals to daily wear jewellery for all ages, genders and across various price points