Silgo Retail Ltd

Silgo Retail Ltd

₹ 33.9 -2.95%
14 Jun - close price
About

Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]

Key Points

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

  • Market Cap 62.7 Cr.
  • Current Price 33.9
  • High / Low 41.0 / 17.4
  • Stock P/E 19.9
  • Book Value 29.2
  • Dividend Yield 0.00 %
  • ROCE 9.95 %
  • ROE 7.43 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.16 times its book value
  • Debtor days have improved from 130 to 47.6 days.
  • Promoter holding has increased by 16.7% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.1% over past five years.
  • Company has a low return on equity of 7.87% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
14.87 4.82 8.70 10.32 11.26 6.28 5.70 8.76 13.33 10.00 6.22 8.69 10.13
13.35 3.98 7.66 9.09 9.90 5.05 5.10 7.59 11.77 8.47 5.25 7.17 8.63
Operating Profit 1.52 0.84 1.04 1.23 1.36 1.23 0.60 1.17 1.56 1.53 0.97 1.52 1.50
OPM % 10.22% 17.43% 11.95% 11.92% 12.08% 19.59% 10.53% 13.36% 11.70% 15.30% 15.59% 17.49% 14.81%
0.00 0.00 0.01 0.00 0.03 0.00 0.44 0.14 0.03 0.00 0.00 0.00 0.00
Interest 0.32 0.26 0.25 0.35 0.42 0.50 0.47 0.50 0.45 0.44 0.27 0.29 0.24
Depreciation 0.03 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax 1.17 0.56 0.78 0.86 0.95 0.72 0.56 0.80 1.13 1.08 0.69 1.22 1.25
Tax % 25.64% 25.00% 23.08% 25.58% 33.68% 26.39% 26.79% 25.00% 26.55% 25.93% 26.09% 25.41% 25.60%
0.88 0.42 0.60 0.65 0.63 0.52 0.41 0.60 0.82 0.80 0.50 0.91 0.94
EPS in Rs 0.43 0.20 0.29 0.32 0.31 0.25 0.20 0.29 0.40 0.39 0.24 0.44 0.51
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16.47 21.67 28.41 31.89 34.85 34.07 35.03
14.62 19.69 25.13 27.86 30.62 29.50 29.56
Operating Profit 1.85 1.98 3.28 4.03 4.23 4.57 5.47
OPM % 11.23% 9.14% 11.55% 12.64% 12.14% 13.41% 15.62%
0.00 0.00 0.02 0.00 0.29 0.60 0.06
Interest 0.46 0.01 0.50 0.95 1.29 1.92 1.25
Depreciation 0.06 0.10 0.13 0.10 0.08 0.05 0.04
Profit before tax 1.33 1.87 2.67 2.98 3.15 3.20 4.24
Tax % 27.82% 34.22% 26.59% 26.17% 26.98% 26.25% 25.47%
0.95 1.23 1.97 2.20 2.31 2.35 3.15
EPS in Rs 0.98 1.19 1.07 1.13 1.15 1.70
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 3%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 13%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 0%
1 Year: 68%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 8%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.01 5.07 6.67 10.27 10.27 10.27 18.50
Reserves 1.13 4.25 11.01 15.79 18.13 20.47 35.59
2.60 0.00 8.00 17.34 19.19 18.72 6.79
5.29 1.30 1.27 1.76 3.60 2.66 2.46
Total Liabilities 9.03 10.62 26.95 45.16 51.19 52.12 63.34
0.45 0.37 0.39 0.31 0.25 0.21 0.17
CWIP 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
8.58 10.25 26.56 44.85 50.94 51.91 63.17
Total Assets 9.03 10.62 26.95 45.16 51.19 52.12 63.34

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.82 -4.50 -13.74 -14.79 -0.79 2.38 1.56
-0.49 -0.02 0.07 -0.01 0.01 -0.01 0.00
1.51 4.35 13.96 14.64 0.72 -2.40 7.05
Net Cash Flow 0.19 -0.17 0.29 -0.16 -0.06 -0.03 8.61

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 66.93 35.03 120.12 149.14 166.11 176.66 47.62
Inventory Days 139.05 163.27 258.93 401.91 431.47 446.23 602.64
Days Payable 124.38 11.14 2.75 6.23 5.81 13.58 9.19
Cash Conversion Cycle 81.59 187.17 376.31 544.82 591.77 609.31 641.07
Working Capital Days 65.82 147.89 321.96 492.50 495.39 528.27 543.80
ROCE % 28.79% 18.00% 11.38% 9.76% 10.55%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
64.63% 64.63% 64.63% 53.24% 53.24% 53.24% 53.24% 53.24% 53.24% 53.24% 53.24% 69.93%
35.37% 35.37% 35.37% 46.76% 46.76% 46.76% 46.76% 46.76% 46.76% 46.76% 46.76% 30.07%
No. of Shareholders 2,9613,4084,2095,4507,1717,3147,1827,0986,9626,8177,0048,041

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