Skyline Millars Ltd Stock Analysis

BSE: 505650 | NSE: | Construction - Real Estate | Small Cap

BSE Share Price 06-Feb-2023 11:59
10.30 -0.05 (-0.48%)

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Skyline Millars Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
41.6 Cr.
52-wk low :
8.6
52-wk high :
18.2
Bole Toh?

1. Is Skyline Millars Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Skyline Millars Ltd is a below average quality company.

2. Is Skyline Millars Ltd undervalued or overvalued?

The key valuation ratios of Skyline Millars Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Skyline Millars Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Skyline Millars Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Skyline Millars:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Skyline Millars Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.3%-0.3%-9.8%-7.3%-20.3%-6.9%-0.1%3.9%10.7%3%-
Value Creation Index -0.6-1.0-1.7-1.5-2.5-1.5-1.0-0.7-0.2-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 25.114.46.28.82.134.53.84.200
YoY Gr. Rt. %--42.5%-57.2%41.8%-76.5%47.6%48%-15.6%11.6%-100%-
Adj EPS 0.7-0.1-1.2-0.9-1.7-0.5-0.10.20.70.2-0.3
YoY Gr. Rt. %--112.3%NANANANANANA195.7%-69.1%-
BVPS (₹) 10.210.298.26.85.95.96.16.76.96.6
Adj Net Profit 2.6-0.3-4.9-3.5-7-2-0.20.92.80.8-1
Cash Flow from Ops. 0.41.8-2.10.4-0.6-3.22.733.50.5-
Debt/CF from Ops. 9.92.5-2.513-3.3-0.70000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%-100%
Adj EPS -11.8%NANA-69.1%
BVPS -4.30.35.52.7
Share Price 7.9% 16% 57% -28.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 6.6-0.8-12.5-10.1-23.4-7.8-0.93.910.73-4.9
Op. Profit Mgn % 10.4-2.9-51.2-21.2-520.3-45.1-4.916.157.10-184.7
Net Profit Mgn % 10.5-2.3-78.7-39.8-340.1-65.3-4.724.864.80-884.4
Debt to Equity 0.10.10.20.20.10.10000-
Working Cap Days 5378161,6151,1534,8753,4242,0212,1171,57100
Cash Conv. Cycle 781793781741,5561,8091,1861,3111,12200

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -25.00%

Latest Financials - Skyline Millars Ltd.

Standalone Consolidated
TTM EPS (₹) -0.3 -
TTM Sales (₹ Cr.) 0.2 -
BVPS (₹.) 6.6 -
Reserves (₹ Cr.) 22 -
P/BV 1.57 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 8.55 / 18.20
All Time Low / High (₹) 0.15 / 27.00
Market Cap (₹ Cr.) 41.6
Equity (₹ Cr.) 4
Face Value (₹) 1
Industry PE 39.1

Management X-Ray of Skyline Millars :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Skyline Millars

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Skyline Millars Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Skyline Millars on 06-Feb-2023 11:59 is : 10.30.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Feb-2023 11:59 the market cap of Skyline Millars stood at ₹ 41.63.
The latest PE ratio of Skyline Millars as of 06-Feb-2023 11:59 is 0.00.
The latest PB ratio of Skyline Millars as of 06-Feb-2023 11:59 is 1.57
The 52-week high of Skyline Millars is ₹ 18.20 and the 52-week low is ₹ 8.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Skyline Millars is ₹ 0.15 ( Cr.) .

About Skyline Millars Ltd

Skyline Millars (SML) formerly Millars India Limited, was incorporated as The ACME Manufacturing Company Limited on November 28,1919 under the Indian Companies Act, 1913. Its name was changed to Millars India Limited on January 4, 2002. The company’s registered office is at 24, Kurla – Kirol Road, Ghatkopar (West), Mumbai – 400 086.

The company was promoted by the Walchand Group; Ashok Patel son of J.V.Patel acquired the shares from Walchand Group and took over the management in 1972. Khandelwal Udyog Limited a manufacturer of EOT cranes & millars timber and a trading company were acquired by J.V. Patel in 1969 and 1970 respectively. Khandelwal Udyog Limited was merged with The ACME Manufacturing Company Limited with effect from October 1, 1974 as per the order of the Bombay High Court dated August 13, 1976.

The running business of construction machinery of Millars Machinery Company Private Limited was taken over by the company in 1984. Ashok J. Patel was the managing director of the company from 1974 to 1984 and thereafter he became the chairman of the company and continues to be the chairman of the company. He is also the managing director of GMM Pfaudler Limited .

The main activities of the company are manufacturing of construction equipment and EOT cranes. It has recently entered into property development business. The company’s manufacturing activities which were being carried out at its unit at Ghatkopar, Mumbai have been fully shifted since October, 2003 from Ghatkopar, Mumbai to its works at Karamsad, Gujarat.

The company continued to make operating profits and net profits up to 1994-95. It started incurring operating losses from 1995-96. Due to recession in the capital goods industry and high labour cost at Ghatkopar, Mumbai, the crane manufacturing activity at Ghatkopar started incurring losses from 1996 and thereafter due to continuous losses in the company for four years, it was declared as a sick industrial undertaking by the Board for Industrial and Financial Reconstruction (BIFR). BIFR sanctioned a scheme of Rehabilitation in 2001 appointing Bank of India as a monitoring agency.

As a rehabilitation measure, the company shifted its manufacturing activities from Ghatkopar, Mumbai to Karamsad, Gujarat in October, 2003 and entered into joint development agreement for its Ghatkopar property with M/s Skyline Vision Private Limited. The company adopted various other rehabilitation measures which has resulted in its net worth becoming positive from 2003-04. Consequently, as per the summary record of the proceedings of the review hearing held on October 17, 2006, the BIFR has discharged the company from the purview of the Sick Industrial Companies ( Special Provisions ) Act, 1985 / BIFR. Accordingly, SML is no longer a “Sick” company.

The company is listed on the Bombay Stock Exchange and Ahemadabad Stock exchange since 1984.

Business area of the company:

The company is mainly engaged in manufacturing of construction equipment and EOT cranes

  • Tilting drum Mixer
  • High Speed Pan Mixer
  • Reversing Drum Mixer
  • HL- BW Concrete Mixer
  • Concrete Pump Trailor Mounted
  • Truck Mixer with Pump & Placing Boom
  • Concrete Batching Plant
  • Cement Storage & Handling System
  • Builder Hoist Inclined or Vertical

The company has also taken up property development business and is building Skyline Oasis, near Vidyavihar Staion, Mumbai

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