Silgo Retail Ltd
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]
- Market Cap ₹ 223 Cr.
- Current Price ₹ 69.8
- High / Low ₹ 86.2 / 57.4
- Stock P/E 32.8
- 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
- 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 39.0 to 58.4 days.
- Promoter holding has decreased over last 3 years: -12.7%
- 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16.47 | 21.67 | 28.41 | 31.89 | 34.85 | 34.07 | 35.03 | 44.37 | 47.03 | 48.22 | |
| 14.62 | 19.69 | 25.13 | 27.86 | 30.62 | 29.50 | 29.47 | 38.11 | 38.21 | 36.96 | |
| Operating Profit | 1.85 | 1.98 | 3.28 | 4.03 | 4.23 | 4.57 | 5.56 | 6.26 | 8.82 | 11.26 |
| OPM % | 11.23% | 9.14% | 11.55% | 12.64% | 12.14% | 13.41% | 15.87% | 14.11% | 18.75% | 23.35% |
| 0.00 | 0.00 | 0.02 | 0.00 | 0.29 | 0.60 | 0.06 | 0.02 | 0.05 | 0.08 | |
| Interest | 0.46 | 0.01 | 0.50 | 0.95 | 1.29 | 1.92 | 1.34 | 0.18 | 0.79 | 1.88 |
| Depreciation | 0.06 | 0.10 | 0.13 | 0.10 | 0.08 | 0.05 | 0.04 | 0.03 | 0.03 | 0.04 |
| Profit before tax | 1.33 | 1.87 | 2.67 | 2.98 | 3.15 | 3.20 | 4.24 | 6.07 | 8.05 | 9.42 |
| Tax % | 27.82% | 34.22% | 26.59% | 26.17% | 26.98% | 26.25% | 25.47% | 26.19% | 28.45% | |
| 0.95 | 1.23 | 1.97 | 2.20 | 2.31 | 2.35 | 3.15 | 4.48 | 5.76 | 6.79 | |
| EPS in Rs | 0.75 | 0.90 | 0.82 | 0.86 | 0.88 | 1.31 | 1.87 | 1.80 | 2.12 | |
| 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: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 35% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 51% |
| 1 Year: | 12% |
| 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 | 3.75 | |
| Total Liabilities | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 161.79 |
| 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 | 0.34 |
| 8.58 | 10.25 | 26.56 | 44.85 | 50.94 | 51.91 | 63.16 | 64.33 | 161.34 | |
| Total Assets | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 161.79 |
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 | -67.31 | |
| -0.49 | -0.02 | 0.07 | -0.01 | 0.01 | -0.01 | 0.00 | 0.00 | -25.71 | |
| 1.51 | 4.35 | 13.96 | 14.64 | 0.72 | -2.40 | 7.05 | -7.14 | 93.00 | |
| Net Cash Flow | 0.19 | -0.17 | 0.29 | -0.16 | -0.06 | -0.03 | 8.61 | -7.77 | -0.02 |
| Free Cash Flow | -1.31 | -4.52 | -13.74 | -14.81 | -0.80 | 2.37 | 1.56 | -0.63 | -67.31 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -44% | -227% | -419% | -367% | -19% | 52% | 28% | -10% | -763% |
Ratios
Standalone / 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 | 58.44 |
| Inventory Days | 139.05 | 163.27 | 258.93 | 401.91 | 431.47 | 446.23 | 602.64 | 597.56 | 1,232.94 |
| 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 | 1,285.02 |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Permanent Employees on Rolls count |
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Extracted by Screener AI
Documents
Announcements
-
Board Meeting - Intimation
- SILGO RETAIL LIMITED has informed about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company …
-
Board Meeting - Financial Results
- Board meeting on November 6, 2026 to approve Q2 and half-year FY27 unaudited results.
-
General Updates
- Silgo Retail received shareholding disclosure from Ms. Dempal Bhawin Shah under SEBI Regulation 29(1).
-
General Updates
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026.
-
General Updates
- Quarterly SDD compliance certificate for September 2026 confirms 4 events captured and no non-compliances.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
-
Annual Report 2022
from nse
-
Annual Report 2021
from nse
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