Sky Industries Ltd - Stock Valuation and Financial Performance

BSE: 526479 | NSE: | Textile | Small Cap

Sky Industries Share Price

82.76 -5.16 -5.87%
as on 28-Mar'24 16:01

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Sky Industries stock performance -

mw4me loader
P/E Ratio (SA):
18.64
Market Cap:
69.4 Cr.
52-wk low:
55.5
52-wk high:
102.4

Is Sky Industries Ltd an attractive stock to invest in?

1. Is Sky Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sky Industries Ltd is a average quality 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 Weak which suggest that the price of Sky Industries 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 Sky Industries:

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.
Sky Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.2%4.9%9.3%15.2%10.5%9.4%4.3%6.7%13.4%6.3%-
Value Creation
Index
-0.3-0.7-0.30.1-0.3-0.3-0.7-0.5-0.1-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 55.155.451.848.65358.359.353.470.374.979
Sales YoY Gr.-0.6%-6.4%-6.4%9.1%10.1%1.8%-10%31.6%6.7%-
Adj EPS 2.3-2.12.26.64.34.112.76.92.44.7
YoY Gr.--192.9%NA203.2%-35.7%-3.8%-74.9%157.3%160.8%-65.1%-
BVPS (₹) 37.835.338.538.842.144.743.542.846.645.849.2
Adj Net
Profit
0.9-0.80.92.81.91.90.51.54.71.94
Cash Flow from Ops. 6.84.10.938.40.92.6-0.3-1.91.8-
Debt/CF from Ops. 2.63.210.83.3110.53.7-42.5-7.37-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.5%7.2%8.1%6.7%
Adj EPS 0.7%-10.8%32.8%-65.1%
BVPS2.2%1.7%1.7%-1.9%
Share Price 11.3% 20.6% 7.3% 25.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.1-5.7617.510.79.72.46.216.25.510
Op. Profit
Mgn %
8.44.16.710.710989.612.67.38.6
Net Profit
Mgn %
1.6-1.51.75.73.53.30.82.86.72.54.7
Debt to
Equity
1.20.90.70.60.50.40.50.50.40.4-
Working Cap
Days
237213198187166159177208182198104
Cash Conv.
Cycle
8578758276778910210612453

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.90%

Net Profit is growing at healthy rate in last 3 years 32.76%

Sales growth has been subdued in last 3 years 8.08%

Sales growth is not so good in last 4 quarters at 7.08%

Latest Financials - Sky Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4.7 2.6
TTM Sales (₹ Cr.) 78.6 53
BVPS (₹.) 49.2 0
Reserves (₹ Cr.) 31 31
P/BV 1.79 0.00
PE 18.64 33.42
From the Market
52 Week Low / High (₹) 55.50 / 102.40
All Time Low / High (₹) 2.00 / 165.00
Market Cap (₹ Cr.) 69.4
Equity (₹ Cr.) 7.9
Face Value (₹) 10
Industry PE 27.9

Management X-Ray of Sky Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.264.264.263.573.573.573.573.573.573.57
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sky Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales55.0655.3951.8448.5552.9658.3259.3453.4070.2574.92
Operating Expenses 51.1253.1248.3543.3447.6853.0754.9248.3061.3869.60
Manufacturing Costs2.692.221.541.862.883.944.103.756.426.59
Material Costs35.5139.2237.6635.0335.8139.4342.4136.6045.8652.62
Employee Cost 6.615.123.241.703.673.123.763.323.714.13
Other Costs 6.306.565.914.755.326.574.664.625.396.26
Operating Profit 3.942.273.495.215.285.254.425.118.865.32
Operating Profit Margin (%) 7.1%4.1%6.7%10.7%10.0%9.0%7.4%9.6%12.6%7.1%
Other Income 1.051.400.620.900.620.180.020.430.860.31
Interest 3.293.262.221.621.291.071.161.151.261.60
Depreciation 1.371.330.910.890.981.302.102.061.891.70
Exceptional Items 0.40-0.220.55-1.13-1.15-0.50-0.86-0.9200
Profit Before Tax 0.73-1.141.532.472.482.570.321.406.572.34
Tax 0.04-0.150.270.270.660.650.030.601.700.57
Profit After Tax 0.69-0.991.262.201.811.910.290.804.871.77
PAT Margin (%) 1.2%-1.8%2.4%4.5%3.4%3.3%0.5%1.5%6.9%2.4%
Adjusted EPS (₹)1.7-2.53.25.34.14.20.61.47.12.3
Dividend Payout Ratio (%)0%0%0%0%12%24%84%69%14%44%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 15.0214.0415.3016.2118.4520.5721.0523.7531.9535.98
Share Capital 3.983.983.984.184.394.614.845.556.857.86
Reserves 11.0510.0611.3212.0314.0715.9616.2118.2025.1028.12
Minority Interest0000000000
Debt17.7313.0110.129.658.219.079.6811.5213.2012.01
Long Term Debt0.631.570.920.820.280.010.201.830.960.33
Short Term Debt17.1011.449.208.837.939.059.489.6912.2411.67
Trade Payables10.789.766.706.288.927.5911.446.667.426.32
Others Liabilities 8.878.224.812.795.115.176.947.786.536.65
Total Liabilities 52.4145.0236.9334.9340.7042.3949.1049.7159.1060.95

Fixed Assets

Gross Block36.5529.5728.9510.6816.6016.1019.3215.4615.4117.48
Accumulated Depreciation21.8919.1119.340.891.631.303.313.324.456.04
Net Fixed Assets14.6710.469.619.7914.9714.8016.0112.1410.9611.44
CWIP 0.140.040.040.650.020.460.460.250.170.23
Investments 2.172.170.340.340.150.350.495.496.406.86
Inventories14.2110.228.5810.0512.0513.0115.5011.8719.3921.80
Trade Receivables9.5911.6010.439.218.689.8611.2512.6712.0812.28
Cash Equivalents 0.802.380.700.630.990.430.992.181.311.27
Others Assets10.848.167.254.273.843.484.405.118.807.06
Total Assets 52.4145.0236.9334.9340.7042.3949.1049.7159.1060.95

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6.824.050.942.978.430.862.63-0.27-1.901.82
PBT 0.33-0.920.982.472.482.570.321.406.572.34
Adjustment 4.604.273.032.062.632.853.613.972.673.19
Changes in Working Capital 1.890.74-3.05-1.13.84-3.58-0.32-4.92-9.11-2.21
Tax Paid -0.01-0.04-0.01-0.46-0.51-0.69-0.43-0.47-1.45-0.71
Cash Flow From Investing Activity 0.935.482.43-1.35-5.64-1.87-2.06-1.84-2.67-0.78
Capex 0.725.19-0.38-1.68-5.67-1.43-1.533.01-1.89-0.78
Net Investments 002.770-0.07-0.21-0.24-4.66-0.54-0.24
Others 0.200.300.040.330.10-0.23-0.29-0.19-0.240.24
Cash Flow From Financing Activity -8.08-7.96-5.06-1.38-2.370.20-0.333.093.41-0.89
Net Proceeds from Shares 0000.460.360.38002.842.27
Net Proceeds from Borrowing 00000001.63-0.86-0.64
Interest Paid -3.29-3.23-2.16-1.62-1.29-1.03-0.99-1.04-1.06-1.48
Dividend Paid 0000000000
Others -4.79-4.72-2.89-0.22-1.440.850.662.512.50-1.04
Net Cash Flow -0.331.58-1.680.240.42-0.800.240.98-1.160.15
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.68-6.88.5913.9610.469.811.383.5717.55.21
ROCE (%)11.537.0914.3115.914.2512.884.857.4618.648.2
Asset Turnover Ratio11.141.271.351.41.41.31.081.291.25
PAT to CFO Conversion(x)9.88N/A0.751.354.660.459.07-0.34-0.391.03
Working Capital Days
Receivable Days68707774625865826459
Inventory Days978066707678889481100
Payable Days113968068777682905648

Sky Industries Ltd Stock News

Sky Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sky Industries on 28-Mar-2024 16:01 is ₹82.76.
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 28-Mar-2024 16:01 the market cap of Sky Industries stood at ₹69.37.
The latest P/E ratio of Sky Industries as of 28-Mar-2024 16:01 is 18.64.
The latest P/B ratio of Sky Industries as of 28-Mar-2024 16:01 is 1.79.
The 52-week high of Sky Industries is ₹102.4 and the 52-week low is ₹55.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sky Industries is ₹78.60 ( Cr.) .

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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