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Sky Industries Ltd. Stock Analysis

Small Cap
Evaluated by 96 users | BSE: 526479 | NSE: |
Textile
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...

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 3.56%-4.5%3.31%9.19%4.85%9.26%15.17%10.51%9.36%4.52%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 78.281.661.255.155.451.848.65358.359.3
Y-o-Y Gr. Rt.-4.3%-25.1%-10%0.6%-6.4%-6.4%9.1%10.1%1.7%
Adjusted EPS (Rs.) -1.58-10.15-2.022.26-2.12.196.644.274.111.18
Y-o-Y Gr. Rt.-NANANA-192.9%NA203.2%-35.7%-3.8%-71.3%
Book Value per Share (Rs.) 48.836.9236.0537.7835.338.4638.8142.0744.6543.52
Adjusted Net Profit -0.6-4-0.80.9-0.80.92.81.91.90.6
Net Op. Cash Flow (Rs. Cr.) -65.53.26.84.10.938.40.92.6
Debt to Cash Flow from Ops -3.984.056.992.63.2110.753.250.9710.533.69
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sky Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -3%1.4%6.9%1.7%
Adjusted EPS NANA-43.8%-71.3%
Book Value per Share -1.34.33.9-2.5
Share Price 2.8% 12.8% -2.6% 36.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -3.18-23.68-5.526.12-5.745.9517.4610.79.662.69
Operating Profit Margin (%) 2.13-1.292.328.424.16.7310.749.969.027.93
Net Profit Margin (%) -0.8-4.95-1.311.63-1.511.685.713.543.250.96
Debt to Equity 1.241.511.571.180.930.660.60.450.440.46
Working Capital Days 154175221237213198187166159177
Cash Conversion Cycle 94938685787582767789
Entity Percentage Holding
Promoters 53.92%
Non-Institutions 46.08%
Pledged *7.520.006.836.836.836.836.836.236.236.23
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sky Industries Ltd.'s performance infers:

Sky Industries Ltd. earnings have grown by 0%, whereas share price has appreciated 12.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sky Industries Ltd. share prices over the last 10 years. Here is what we found out:

Sky Industries Ltd. share price has appreciated -11.1% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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