Silgo Retail Ltd
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]
- Market Cap ₹ 65.6 Cr.
- Current Price ₹ 35.5
- High / Low ₹ 41.0 / 18.1
- Stock P/E 20.8
- Book Value ₹ 29.2
- Dividend Yield 0.00 %
- ROCE 9.95 %
- ROE 7.43 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- 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.
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 | 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: | 5% |
3 Years: | 2% |
1 Year: | 75% |
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% | 9.95% |
Documents
Announcements
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Disclosure under SEBI (PIT) Reg 2015
15 February 2021 - Silgo Retail Limited has submitted to the Exchange a copy of Disclosure under Regulation 7(1)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
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Outcome of Board Meeting
8 February 2021 - Silgo Retail Limited has informed regarding Board meeting held on February 08, 2021.
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Updates
12 January 2021 - Silgo Retail Limited has informed regarding ''Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, …
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Bonus
11 January 2021 - The Board at its meeting held on January 11, 2021, have considered and approved bonus at the ratio of 1 : 4, i.e 1 Equity …
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Shareholders meeting
31 December 2020 - Silgo Retail Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed regarding voting results.
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