Silgo Retail Ltd
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]
- Market Cap ₹ 240 Cr.
- Current Price ₹ 75.2
- High / Low ₹ 86.2 / 49.7
- Stock P/E 41.6
- Book Value ₹ 43.1
- Dividend Yield 0.00 %
- ROCE 8.17 %
- ROE 5.87 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 21.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -12.1%
- The company has delivered a poor sales growth of 8.08% over past five years.
- Company has a low return on equity of 6.80% over last 3 years.
- Promoters have pledged 38.6% of their holding.
- Debtor days have increased from 39.3 to 59.4 days.
- Working capital days have increased from 604 days to 864 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 16.47 | 21.67 | 28.41 | 31.89 | 34.85 | 34.07 | 35.03 | 44.37 | 47.03 | |
| 14.62 | 19.69 | 25.13 | 27.86 | 30.62 | 29.50 | 29.47 | 38.11 | 38.21 | |
| Operating Profit | 1.85 | 1.98 | 3.28 | 4.03 | 4.23 | 4.57 | 5.56 | 6.26 | 8.82 |
| OPM % | 11.23% | 9.14% | 11.55% | 12.64% | 12.14% | 13.41% | 15.87% | 14.11% | 18.75% |
| -0.00 | -0.00 | 0.02 | -0.00 | 0.29 | 0.60 | 0.06 | 0.02 | 0.05 | |
| Interest | 0.46 | 0.01 | 0.50 | 0.95 | 1.29 | 1.92 | 1.34 | 0.18 | 0.79 |
| Depreciation | 0.06 | 0.10 | 0.13 | 0.10 | 0.08 | 0.05 | 0.04 | 0.03 | 0.03 |
| Profit before tax | 1.33 | 1.87 | 2.67 | 2.98 | 3.15 | 3.20 | 4.24 | 6.07 | 8.05 |
| Tax % | 27.82% | 34.22% | 26.59% | 26.17% | 26.98% | 26.25% | 25.47% | 26.19% | 28.57% |
| 0.95 | 1.23 | 1.97 | 2.20 | 2.31 | 2.35 | 3.15 | 4.48 | 5.76 | |
| EPS in Rs | 0.75 | 0.90 | 0.82 | 0.86 | 0.88 | 1.31 | 1.87 | 1.80 | |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 11% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 35% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 47% |
| 1 Year: | 44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 5.07 | 6.67 | 10.27 | 10.27 | 10.27 | 18.50 | 18.50 | 28.30 |
| Reserves | 1.13 | 4.25 | 11.01 | 15.79 | 18.13 | 20.47 | 35.59 | 39.95 | 109.56 |
| 2.60 | -0.00 | 8.00 | 17.34 | 19.19 | 18.72 | 6.79 | -0.00 | 20.18 | |
| 5.29 | 1.30 | 1.27 | 1.76 | 3.60 | 2.66 | 2.45 | 6.01 | 3.74 | |
| Total Liabilities | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 161.78 |
| 0.45 | 0.37 | 0.39 | 0.31 | 0.25 | 0.21 | 0.17 | 0.13 | 0.11 | |
| CWIP | -0.00 | -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 | -0.00 |
| 8.58 | 10.25 | 26.56 | 44.85 | 50.94 | 51.91 | 63.16 | 64.33 | 161.67 | |
| Total Assets | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 161.78 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -0.82 | -4.50 | -13.74 | -14.79 | -0.79 | 2.38 | 1.56 | -0.63 | -0.00 | |
| -0.49 | -0.02 | 0.07 | -0.01 | 0.01 | -0.01 | -0.00 | -0.00 | -0.00 | |
| 1.51 | 4.35 | 13.96 | 14.64 | 0.72 | -2.40 | 7.05 | -7.14 | -0.00 | |
| Net Cash Flow | 0.19 | -0.17 | 0.29 | -0.16 | -0.06 | -0.03 | 8.61 | -7.77 | -0.00 |
| Free Cash Flow | -1.31 | -4.52 | -13.74 | -14.81 | -0.80 | 2.37 | 1.56 | -0.63 | -0.00 |
| CFO/OP | -44% | -227% | -419% | -367% | -19% | 52% | 28% | -10% | -0% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66.93 | 35.03 | 120.12 | 149.14 | 166.11 | 176.66 | 47.62 | 10.94 | 59.45 |
| Inventory Days | 139.05 | 163.27 | 258.93 | 401.91 | 431.47 | 446.23 | 602.64 | 597.56 | 1,231.50 |
| Days Payable | 124.38 | 11.14 | 2.75 | 6.23 | 5.81 | 13.58 | 9.19 | 1.50 | 6.36 |
| Cash Conversion Cycle | 81.59 | 187.17 | 376.31 | 544.82 | 591.77 | 609.31 | 641.07 | 607.00 | 1,284.59 |
| Working Capital Days | 8.20 | 147.89 | 219.18 | 304.57 | 336.72 | 359.43 | 473.05 | 473.83 | 864.11 |
| ROCE % | 28.79% | 18.00% | 11.38% | 9.76% | 10.55% | 10.11% | 10.48% | 8.17% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Permanent Employees on Rolls count |
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Extracted by Screener AI
Documents
Announcements
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General Updates
14 July 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended June 30, 2026.
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General Updates
6 July 2026 - Quarterly PIT compliance certificate confirms SDD in place; no non-compliance reported for June 2026 quarter.
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Trading Window
1 July 2026 - Trading window closed from 1 July 2026 until 48 hours after Q1 FY2026-27 results.
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Disclosure under SEBI Takeover Regulations
29 June 2026 - Annual Regulation 31(4) promoter and promoter group disclosure submitted for year ended 31 March 2026.
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General Updates
18 June 2026 - Acquired 49% stakes; 37 MW solar PPAs signed with MSEDCL at ₹3.09/kWh for 25 years.
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