Silgo Retail Ltd
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]
- Market Cap ₹ 62.0 Cr.
- Current Price ₹ 33.5
- High / Low ₹ 36.8 / 14.8
- Stock P/E 20.4
- Book Value ₹ 15.6
- Dividend Yield 0.00 %
- ROCE 10.6 %
- ROE 7.95 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 16.7% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.72% over last 3 years.
- Company has high debtors of 177 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: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
16.47 | 21.67 | 28.41 | 31.89 | 34.85 | 34.07 | 38.24 | |
14.62 | 19.69 | 25.13 | 27.86 | 30.62 | 29.50 | 32.66 | |
Operating Profit | 1.85 | 1.98 | 3.28 | 4.03 | 4.23 | 4.57 | 5.58 |
OPM % | 11.23% | 9.14% | 11.55% | 12.64% | 12.14% | 13.41% | 14.59% |
0.00 | 0.00 | 0.02 | 0.00 | 0.29 | 0.60 | 0.03 | |
Interest | 0.46 | 0.01 | 0.50 | 0.95 | 1.29 | 1.92 | 1.45 |
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 | 4.12 |
Tax % | 27.82% | 34.22% | 26.59% | 26.17% | 26.98% | 26.25% | |
0.95 | 1.23 | 1.97 | 2.20 | 2.31 | 2.35 | 3.03 | |
EPS in Rs | 0.98 | 1.19 | 1.07 | 1.13 | 1.15 | 1.47 | |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 6% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 20% |
3 Years: | 6% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | -7% |
1 Year: | 121% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 5.07 | 6.67 | 10.27 | 10.27 | 10.27 | 10.27 |
Reserves | 1.13 | 4.25 | 11.01 | 15.79 | 18.13 | 20.47 | 21.77 |
2.60 | 0.00 | 8.00 | 17.34 | 19.19 | 18.72 | 21.98 | |
5.29 | 1.30 | 1.27 | 1.76 | 3.60 | 2.66 | 3.32 | |
Total Liabilities | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 57.34 |
0.45 | 0.37 | 0.39 | 0.31 | 0.25 | 0.21 | 0.19 | |
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 | 57.15 | |
Total Assets | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 57.34 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
-0.82 | -4.50 | -13.74 | -14.79 | -0.79 | 2.38 | |
-0.49 | -0.02 | 0.07 | -0.01 | 0.01 | -0.01 | |
1.51 | 4.35 | 13.96 | 14.64 | 0.72 | -2.40 | |
Net Cash Flow | 0.19 | -0.17 | 0.29 | -0.16 | -0.06 | -0.03 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 66.93 | 35.03 | 120.12 | 149.14 | 166.11 | 176.66 |
Inventory Days | 139.05 | 163.27 | 258.93 | 401.91 | 431.47 | 446.23 |
Days Payable | 124.38 | 11.14 | 2.75 | 6.23 | 5.81 | 13.58 |
Cash Conversion Cycle | 81.59 | 187.17 | 376.31 | 544.82 | 591.77 | 609.31 |
Working Capital Days | 65.82 | 147.89 | 321.96 | 492.50 | 495.39 | 528.27 |
ROCE % | 28.79% | 18.00% | 11.38% | 9.76% | 10.55% |
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