Silgo Retail Ltd
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]
- Market Cap ₹ 195 Cr.
- Current Price ₹ 79.2
- High / Low ₹ 85.0 / 43.4
- Stock P/E 34.9
- Book Value ₹ 35.3
- Dividend Yield 0.00 %
- ROCE 10.5 %
- ROE 7.96 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
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 9.33% over past five years.
- Company has a low return on equity of 7.78% over last 3 years.
- Promoters have pledged 38.6% of their holding.
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 16.47 | 21.67 | 28.41 | 31.89 | 34.85 | 34.07 | 35.03 | 44.37 | 50.19 | |
| 14.62 | 19.69 | 25.13 | 27.86 | 30.62 | 29.50 | 29.47 | 38.11 | 42.22 | |
| Operating Profit | 1.85 | 1.98 | 3.28 | 4.03 | 4.23 | 4.57 | 5.56 | 6.26 | 7.97 |
| OPM % | 11.23% | 9.14% | 11.55% | 12.64% | 12.14% | 13.41% | 15.87% | 14.11% | 15.88% |
| 0.00 | 0.00 | 0.02 | 0.00 | 0.29 | 0.60 | 0.06 | 0.02 | 0.04 | |
| Interest | 0.46 | 0.01 | 0.50 | 0.95 | 1.29 | 1.92 | 1.34 | 0.18 | 0.28 |
| Depreciation | 0.06 | 0.10 | 0.13 | 0.10 | 0.08 | 0.05 | 0.04 | 0.03 | 0.04 |
| Profit before tax | 1.33 | 1.87 | 2.67 | 2.98 | 3.15 | 3.20 | 4.24 | 6.07 | 7.69 |
| 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 | 5.58 | |
| EPS in Rs | 0.75 | 0.90 | 0.82 | 0.86 | 0.88 | 1.31 | 1.87 | 1.94 | |
| 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: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 25% |
| TTM: | 52% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 76% |
| 1 Year: | 76% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 8% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 5.07 | 6.67 | 10.27 | 10.27 | 10.27 | 18.50 | 18.50 | 24.60 |
| Reserves | 1.13 | 4.25 | 11.01 | 15.79 | 18.13 | 20.47 | 35.59 | 39.95 | 88.42 |
| 2.60 | 0.00 | 8.00 | 17.34 | 19.19 | 18.72 | 6.79 | 0.00 | 0.00 | |
| 5.29 | 1.30 | 1.27 | 1.76 | 3.60 | 2.66 | 2.45 | 6.01 | 4.52 | |
| Total Liabilities | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 117.54 |
| 0.45 | 0.37 | 0.39 | 0.31 | 0.25 | 0.21 | 0.17 | 0.13 | 0.12 | |
| 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 | 0.25 |
| 8.58 | 10.25 | 26.56 | 44.85 | 50.94 | 51.91 | 63.16 | 64.33 | 117.17 | |
| Total Assets | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 117.54 |
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 | |
|---|---|---|---|---|---|---|---|---|
| -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 |
| Free Cash Flow | -1.31 | -4.52 | -13.74 | -14.81 | -0.80 | 2.37 | 1.56 | -0.63 |
| CFO/OP | -44% | -227% | -419% | -367% | -19% | 52% | 28% | -10% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtors Turnover Ratio ratio |
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| Export Sales Value INR Lacs |
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| Solar Business Earmarked Investment INR Crore |
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Extracted by Screener AI
Documents
Announcements
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Updates
8 May 2026 - Silgo Retail Limited has informed regarding Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
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Monitoring Agency Report
5 May 2026 - Board took note of March 31, 2026 monitoring report; no deviation in ₹22.14 crore rights issue use.
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Outcome of Board Meeting
5 May 2026 - Board noted no deviation in rights issue proceeds utilization; ₹22.14 crore received, quarter ended March 31, 2026.
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General Updates
14 April 2026 - Filed March 2026 SDD compliance certificate; 2 events captured, no non-compliance reported.
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General Updates
11 April 2026 - Regulation 74(5) certificate for quarter ended March 31, 2026 submitted.
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