Silgo Retail
Silgo Retail
Consumer DiscretionaryKey Fundamentals
MicrocapJewellery & WatchesConsumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 21.2% CAGR over last 5 years
Weaknesses
7- 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 39.3 to 59.4 days.
- Promoter holding has decreased over last 3 years: -12.7%
- Working capital days have increased from 604 days to 864 days
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10 | 6.22 | 8.69 | 10.13 | 11.28 | 6.42 | 10.15 | 16.53 | 10.97 | 11.65 | 11.04 | 13.38 | 12.15 |
| Expenses | 8.47 | 5.25 | 7.17 | 8.69 | 10 | 5.34 | 8.81 | 13.97 | 9.48 | 9.58 | 9.19 | 9.98 | 8.21 |
| Operating Profit | 1.53 | 0.97 | 1.52 | 1.44 | 1.28 | 1.08 | 1.34 | 2.56 | 1.49 | 2.07 | 1.85 | 3.4 | 3.94 |
| OPM % | 15.3% | 15.59% | 17.49% | 14.22% | 11.35% | 16.82% | 13.2% | 15.49% | 13.58% | 17.77% | 16.76% | 25.41% | 32.43% |
| Other Income | 0 | 0 | 0 | 0.06 | 0 | 0 | 0 | 0.02 | 0 | 0.02 | 0 | 0.03 | 0.03 |
| Interest | 0.44 | 0.27 | 0.29 | 0.24 | 0.01 | 0.01 | 0 | 0.15 | 0 | 0.01 | 0.12 | 0.66 | 1.09 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | -0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| PBT | 1.08 | 0.69 | 1.22 | 1.25 | 1.25 | 1.08 | 1.33 | 2.42 | 1.48 | 2.07 | 1.72 | 2.76 | 2.87 |
| Tax % | 25.93% | 26.09% | 25.41% | 25.6% | 24.8% | 25% | 24.06% | 28.1% | 25% | 30.43% | 25% | 30.8% | 25.09% |
| Net Profit | 0.8 | 0.5 | 0.91 | 0.94 | 0.93 | 0.8 | 1.01 | 1.74 | 1.11 | 1.44 | 1.29 | 1.91 | 2.15 |
| EPS in Rs | 0.3 | 0.19 | 0.34 | 0.39 | 0.39 | 0.33 | 0.42 | 0.72 | 0.37 | 0.45 | 0.4 | 0.6 | 0.67 |
Profit & Loss
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.47 | 21.67 | 28.41 | 31.89 | 34.85 | 34.07 | 35.03 | 44.37 | 47.03 | 48.22 |
| Expenses | 14.62 | 19.69 | 25.13 | 27.86 | 30.62 | 29.5 | 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% |
| Other Income | 0 | 0 | 0.02 | 0 | 0.29 | 0.6 | 0.06 | 0.02 | 0.05 | 0.08 |
| Interest | 0.46 | 0.01 | 0.5 | 0.95 | 1.29 | 1.92 | 1.34 | 0.18 | 0.79 | 1.88 |
| Depreciation | 0.06 | 0.1 | 0.13 | 0.1 | 0.08 | 0.05 | 0.04 | 0.03 | 0.03 | 0.04 |
| PBT | 1.33 | 1.87 | 2.67 | 2.98 | 3.15 | 3.2 | 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% | 28.57% | — |
| Net Profit | 0.95 | 1.23 | 1.97 | 2.2 | 2.31 | 2.35 | 3.15 | 4.48 | 5.76 | 6.79 |
| EPS in Rs | — | 0.75 | 0.9 | 0.82 | 0.86 | 0.88 | 1.31 | 1.87 | 1.8 | 2.12 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 | 18.5 | 18.5 | 28.3 |
| Reserves | 1.13 | 4.25 | 11.01 | 15.79 | 18.13 | 20.47 | 35.59 | 39.95 | 110 |
| Borrowings | 2.6 | 0 | 8 | 17.34 | 19.19 | 18.72 | 6.79 | 0 | 20.18 |
| Other Liabilities | 5.29 | 1.3 | 1.27 | 1.76 | 3.6 | 2.66 | 2.45 | 6.01 | 3.74 |
| Total Liabilities | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 162 |
| Fixed Assets | 0.45 | 0.37 | 0.39 | 0.31 | 0.25 | 0.21 | 0.17 | 0.13 | 0.11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 8.58 | 10.25 | 26.56 | 44.85 | 50.94 | 51.91 | 63.16 | 64.33 | 162 |
| Total Assets | 9.03 | 10.62 | 26.95 | 45.16 | 51.19 | 52.12 | 63.33 | 64.46 | 162 |
Cash Flow
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | -0.82 | -4.5 | -13.74 | -14.79 | -0.79 | 2.38 | 1.56 | -0.63 | -67.31 |
| Investing | -0.49 | -0.02 | 0.07 | -0.01 | 0.01 | -0.01 | 0 | 0 | -25.71 |
| Financing | 1.51 | 4.35 | 13.96 | 14.64 | 0.72 | -2.4 | 7.05 | -7.14 | 93 |
| 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 | -0.8 | 2.37 | 1.56 | -0.63 | -67.31 |
| CFO/OP | -44 | -227 | -419 | -367 | -19 | 52 | 28 | -10 | -763 |
Ratios
| Particulars | 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 | 149 | 166 | 177 | 47.62 | 10.94 | 59.45 |
| Inventory Days | 139 | 163 | 259 | 402 | 431 | 446 | 603 | 598 | 1,232 |
| Days Payable | 124 | 11.14 | 2.75 | 6.23 | 5.81 | 13.58 | 9.19 | 1.5 | 6.36 |
| Cash Conversion Cycle | 81.59 | 187 | 376 | 545 | 592 | 609 | 641 | 607 | 1,285 |
| Working Capital Days | 8.2 | 148 | 219 | 305 | 337 | 359 | 473 | 474 | 864 |
| ROCE % | — | 28.79% | 18% | 11.38% | 9.76% | 10.55% | 10.11% | 10.48% | 8.17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY18–FY26.
Documents
Frequently Asked Questions about Silgo Retail
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Company Information
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business[1]
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