Sky Industries Ltd Stock Analysis

BSE: 526479 | NSE: | Textile | Small Cap

BSE Share Price Jan 25, 14:35
89.50 -0.85 (-0.94%)

DeciZen - Make an Informed Decision on Sky Industries

M-Cap below 100cr DeciZen not available

FAQ's

1. Is Sky Industries Ltd a good quality company?

Data is not available for this company.

2. Is Sky Industries Ltd undervalued or overvalued?

The key valuation ratios of Sky Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Sky Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sky Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sky Industries:

Analysis of Financial Track Record

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % -4.5%3.3%9.2%4.9%9.3%15.2%10.5%9.4%4.3%6.7%-
Value Creation Index -1.3-0.8-0.3-0.7-0.30.1-0.3-0.3-0.7-0.5-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 81.661.255.155.451.848.65358.359.353.470
YoY Gr. Rt. %--25.1%-10%0.6%-6.4%-6.4%9.1%10.1%1.8%-10%-
Adj EPS -10.2-22.3-2.12.26.64.34.112.75.1
YoY Gr. Rt. %-NANA-192.9%NA203.2%-35.7%-3.8%-74.9%157.3%-
BVPS (₹) 36.936.137.835.338.538.842.144.743.542.844.5
Adj Net Profit -4-0.80.9-0.80.92.81.91.90.51.53
Cash Flow from Ops. 5.53.26.84.10.938.40.92.6-0.3-
Debt/CF from Ops. 4.172.63.210.83.3110.53.7-42.7-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -4.6%0.6%0.3%-10%
Adj EPS NA3.9%-14.7%157.3%
BVPS 1.72.20.6-1.7
Share Price 13.2% 31.2% 38.4% 107.2%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -23.7-5.56.1-5.7617.510.79.72.46.211.7
Op. Profit Mgn % -1.32.38.44.16.710.710989.612.4
Net Profit Mgn % -5-1.31.6-1.51.75.73.53.30.82.85
Debt to Equity 1.51.61.20.90.70.60.50.40.50.50.1
Working Cap Days 175221237213198187166159177208198
Cash Conv. Cycle 93868578758276778910294

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.70%

Sales growth is good in last 4 quarters at 75.45%

Sales growth has been subdued in last 3 years 0.28%

Net Profit has been subdued in last 3 years -14.70%

Latest Financials - Sky Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 5.1 3.1
TTM Sales (₹ Cr.) 70 53
BVPS (₹.) 44.5 0
Reserves (₹ Cr.) 23 14
P/BV 2.03 0.00
PE 17.72 29.17
From the Market
52 Week Low / High (₹) 38.00 / 103.50
All Time Low / High (₹) 2.00 / 165.00
Market Cap (₹ Cr.) 61.3
Equity (₹ Cr.) 6.8
Face Value (₹) 10
Industry PE 13.5

Management X-Ray of Sky Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *6.836.836.236.236.235.715.715.254.264.26
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Sky Industries Ltd

Sky Industries Limited was incorporated on July 18, 1989 as Fine Velvets and Plastofabs Private Limited with Registrar of Companies Maharashtra. It was subsequently converted into a public limited company on  March 17, 1993. The name of the company was changed to Sky Industries Limited by passing special resolution in the Extra Ordinary General Meeting held on May 10,1993.

The company belongd to the S K Group of Companies, with interests in a wide spectrum of activities from  indenting to sale of machines to global trade. Established in 1984 based on ideals of excellence, customer trust, social welfare and high quality products & services. Their projected turnover for the year 2001-02 is around Rs 960 million. The initial promoters of the group were Nitin Motani (Chairman), Shailesh Shah (Managing director), Saurabh Motani (Director) and Sharad Shah (Director).

Sky Industries Ltd. is India's largest manufacturer of hook and loop tape fasteners with a monthly production capacity of 86 lac meters from their state of art manufacturing facility at New Bombay. They are also the largest manufacturer of all kinds of elastics and other narrow fabrics and recipient of Golden Trophy from the Government of India, for the highest exports from India.

In testimony of their quality of product and service they are privileged to enjoy a major market share in the hook and loop tape fastener industry. Encouraged by the response to hook and loop tape, we diversified into manufacturing of other Narrow Fabrics, by setting up a plant in Special Economic Zone ( Export Zone ) (SEZ), Sachin, near Surat.

The company has latest Infrastructure and is equipped with the best plant and machinery, rigorous quality control is maintained and products confirm to international Standards . They are also in the process of Launching their own Satin ribbons in different colurs and widths manufactured from their ultra modern plant at New Bombay. As on date they are proud to serve the top manufacturers of over 38 different industrial sectors with their wide range of products. They also substantially export to U.S. Canada, Latin American countries, EU nations and many other nations all over the world.

Product range of the company includes:

  • Sew on hook and loop tape fasteners
  • Pressure sensitive hook and loop tape fasteners ( Self adhesive tape )
  • Hook and loop tape fasteners flame regardant variety
  • Pressure sensitive hook and loop tape fasteners (Flame regardant variety )
  • Hook and loop tape fasteners -- multicolor variety
  • Embossed loop tape
  • Back to back hook and loop tape fasteners
  • Side by side hook and loop tape fasteners
  • Regular knitted elastic
  • Knitted elastic with cord
  • Frilled elastic
  • Fibrilated elastic
  • Single side gloss nylon satin ribbons
  • Polyester braided elastic
  • P.P. braided elastic
  • Nylon webbing with normal breaking strength
  • Nylon webbing with high breaking strength
  • Polyester webbing

Achievements/ recognition:

  • The company is India's largest manufacturer of hook and loop tape fasteners.
  • They are also the largest manufacturer of all kinds of elastics
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