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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Silgo Retail Ltd

About the Company - Silgo Retail Ltd

Silgo Retail Ltd. is a Public Limited Listed company incorporated on 09/01/2016 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L36911RJ2016PLC049036 and registration number is 049036. Currently company belongs to the Industry of Diamond Cutting/Precious Metals/Jewellery. Company’s Total Operating Revenue is Rs. 35.10 Cr. and Equity Capital is Rs. 10.27 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Diamond Cutting/Precious Metals/JewelleryB-11, Mahalaxmi Nagar, Jaipur Rajasthan 302017info@silgo.in
https://www.silgo.in
Management
NamePosition Held
Mr. Nitin JainChairman & Managing Director
Mrs. Anjana JainWhole Time Director
Ms. Anisha JainNon Executive Director
Mr. Shalabh GuptaInd. Non-Executive Director
Mr. Gopal SinghInd. Non-Executive Director
Mr. Tarun Kumar RathiInd. Non-Executive Director

Silgo Retail Ltd. Share Price Update

Share PriceValue
Today₹28.45
Previous Day₹28.75

Basic Stock Data of Silgo Retail Ltd

Market Cap 35.6 Cr.
Current Price 34.7
High / Low43.0/14.2
Stock P/E11.8
Book Value 31.2
Dividend Yield0.00 %
ROCE10.6 %
ROE7.95 %
Face Value 10.0

Data Source: screener.in

Competitors of Silgo Retail Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Penta Gold Ltd 11.6 Cr. 9.1537.8/7.60 23.10.00 %1.27 %21.2 % 10.0
Parshva Enterprises Ltd 197 Cr. 196240/144728 10.60.00 %3.62 %2.12 % 10.0
Titan Company Ltd 3,27,890 Cr. 3,6933,887/2,32095.0 1400.27 %25.1 %30.8 % 1.00
Tribhovandas Bhimji Zaveri Ltd (TBZ) 830 Cr. 124145/58.215.5 85.11.38 %9.30 %7.39 % 10.0
Renaissance Global Ltd 1,303 Cr. 136146/80.018.0 1120.00 %9.02 %9.06 % 2.00
Industry Average208.52 Cr93.63171.374.160.33%9.66%14.11%6.6

Silgo Retail Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6.317.9714.874.828.7010.3211.266.285.708.7613.3310.006.22
Expenses5.206.9613.353.987.669.099.905.055.107.5911.778.475.25
Operating Profit1.111.011.520.841.041.231.361.230.601.171.561.530.97
OPM %17.59%12.67%10.22%17.43%11.95%11.92%12.08%19.59%10.53%13.36%11.70%15.30%15.59%
Other Income0.040.000.000.000.010.000.030.000.440.140.030.000.00
Interest0.330.280.320.260.250.350.420.500.470.500.450.440.27
Depreciation0.020.030.030.020.020.020.020.010.010.010.010.010.01
Profit before tax0.800.701.170.560.780.860.950.720.560.801.131.080.69
Tax %26.25%28.57%25.64%25.00%23.08%25.58%33.68%26.39%26.79%25.00%26.55%25.93%26.09%
Net Profit0.590.500.880.420.600.650.630.520.410.600.820.800.50
EPS in Rs0.710.490.860.410.580.630.610.510.400.580.800.780.49

Silgo Retail Ltd Quarterly Chart

Silgo Retail Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales16.4721.6728.4131.8934.8534.0738.31
Expenses14.6219.6925.1327.8630.6229.5033.08
Operating Profit1.851.983.284.034.234.575.23
OPM %11.23%9.14%11.55%12.64%12.14%13.41%13.65%
Other Income0.000.000.020.000.290.600.17
Interest0.460.010.500.951.291.921.66
Depreciation0.060.100.130.100.080.050.04
Profit before tax1.331.872.672.983.153.203.70
Tax %27.82%34.22%26.59%26.17%26.98%26.25%
Net Profit0.951.231.972.202.312.352.72
EPS in Rs1.952.372.142.252.292.65
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%

Silgo Retail Ltd Profit & Loss Yearly Chart

Silgo Retail Ltd Growth

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:9%
3 Years:8%
1 Year:130%
Return on Equity
10 Years:%
5 Years:10%
3 Years:9%
Last Year:8%

Silgo Retail Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0.015.076.6710.2710.2710.2710.27
Reserves1.134.2511.0115.7918.1320.4721.77
Borrowings2.600.008.0017.3419.1918.7221.98
Other Liabilities5.291.301.271.763.602.663.32
Total Liabilities9.0310.6226.9545.1651.1952.1257.34
Fixed Assets0.450.370.390.310.250.210.19
CWIP0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Other Assets8.5810.2526.5644.8550.9451.9157.15
Total Assets9.0310.6226.9545.1651.1952.1257.34

Silgo Retail Ltd Reserves and Borrowings Chart

Silgo Retail Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -0.82-4.50-13.74-14.79-0.792.38
Cash from Investing Activity -0.49-0.020.07-0.010.01-0.01
Cash from Financing Activity 1.514.3513.9614.640.72-2.40
Net Cash Flow0.19-0.170.29-0.16-0.06-0.03

Silgo Retail Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days66.9335.03120.12149.14166.11176.66
Inventory Days139.05163.27258.93401.91431.47446.23
Days Payable124.3811.142.756.235.8113.58
Cash Conversion Cycle81.59187.17376.31544.82591.77609.31
Working Capital Days65.82147.89321.96492.50495.39528.27
ROCE %28.79%18.00%11.38%9.76%10.55%

Silgo Retail Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Silgo Retail Ltd ROCE Trend

Silgo Retail Ltd EPS Trend

Silgo Retail Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.282.282.323.603.18
Diluted EPS (Rs.)2.282.282.323.603.18
Cash EPS (Rs.)2.342.322.243.232.62
Book Value[Excl.RevalReserv]/Share (Rs.)29.9327.6525.3726.6118.39
Book Value[Incl.RevalReserv]/Share (Rs.)29.9327.6525.3726.6118.39
Revenue From Operations / Share (Rs.)33.1734.1831.0542.6142.78
PBDIT / Share (Rs.)5.034.413.925.053.89
PBIT / Share (Rs.)4.984.333.824.863.70
PBT / Share (Rs.)3.113.072.904.303.70
Net Profit / Share (Rs.)2.292.252.143.042.43
PBDIT Margin (%)15.1712.8912.6311.859.10
PBIT Margin (%)15.0212.6812.3011.408.65
PBT Margin (%)9.378.999.3310.108.64
Net Profit Margin (%)6.906.566.897.135.67
Return on Networth / Equity (%)7.658.118.4311.4213.21
Return on Capital Employeed (%)15.1213.6814.4918.2620.14
Return On Assets (%)4.514.504.867.5211.59
Long Term Debt / Equity (X)0.090.140.030.000.00
Total Debt / Equity (X)0.600.670.660.450.00
Asset Turnover Ratio (%)0.650.720.881.512.21
Current Ratio (X)2.842.732.482.887.86
Quick Ratio (X)0.980.931.011.151.86
Inventory Turnover Ratio (X)0.730.891.091.492.35
Interest Coverage Ratio (X)2.693.504.259.08599.18
Interest Coverage Ratio (Post Tax) (X)2.222.783.326.47374.90
Enterprise Value (Cr.)34.6748.8375.0634.7418.39
EV / Net Operating Revenue (X)1.021.392.351.220.84
EV / EBITDA (X)6.7110.7918.6310.329.32
MarketCap / Net Operating Revenue (X)0.460.841.810.950.85
Price / BV (X)0.511.052.221.521.98
Price / Net Operating Revenue (X)0.460.841.810.950.85
EarningsYield0.140.070.030.070.06

Silgo Retail Ltd Profitability Ratios (%)

Silgo Retail Ltd Liquidity Ratios

Silgo Retail Ltd Liquidity Ratios (%)

Silgo Retail Ltd Interest Coverage Ratios (X)

Silgo Retail Ltd Valuation Ratios

Fair Value / Intrinsic Value of Silgo Retail Ltd

Fair Value: ₹29.85

The stock is overvalued by 13.97% compared to the current price ₹34.7

*Investments are subject to market risks

Strength and Weakness of Silgo Retail Ltd

StrengthWeakness
  1. The company has higher reserves (13.22 cr) compared to borrowings (12.55 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (29.38 cr) and profit (2.70 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 4.34 and average Dividend Yield of 9.29%.
  2. The stock has a low average ROCE of 13.08%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 341.97, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 398.50, which may not be favorable.

Should I Buy Silgo Retail Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Silgo Retail Ltd:
    1. Net Profit Margin: 6.90%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 15.12% (Industry Average ROCE: 13.28%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 2.22
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.98
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 11.8 (Industry average Stock P/E: 191.34)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.60
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Silgo Retail Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE