Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sky Industries Ltd is a average quality company.
The key valuation ratios of Sky Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.1% | 14.3% | 15.9% | 14.3% | 12.9% | 4.9% | 7.5% | 18.6% | 8.2% | 14.5% | - |
| Value Creation Index ⓘ | -0.5 | 0.0 | 0.1 | 0.0 | -0.1 | -0.7 | -0.5 | 0.3 | -0.4 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 55.4 | 51.8 | 48.6 | 53 | 58.3 | 59.3 | 53.4 | 70.3 | 74.9 | 82.5 | 85 |
| Sales YoY Gr. | - | -6.4% | -6.4% | 9.1% | 10.1% | 1.8% | -10% | 31.6% | 6.7% | 10.1% | - |
| Adj EPS ⓘ | -2.1 | 2.2 | 6.6 | 4.3 | 4.1 | 1 | 2.7 | 6.9 | 2.4 | 5.6 | 8.2 |
| YoY Gr. | - | NA | 203.2% | -35.7% | -3.8% | -74.9% | 157.3% | 160.8% | -65.1% | 130.3% | - |
| BVPS (₹) ⓘ | 35.3 | 38.5 | 38.8 | 42.1 | 44.7 | 43.5 | 42.8 | 46.6 | 45.8 | 51.1 | 56.3 |
| Adj Net Profit ⓘ | -0.8 | 0.9 | 2.8 | 1.9 | 1.9 | 0.5 | 1.5 | 4.7 | 1.9 | 4.4 | 6 |
| Cash Flow from Ops. ⓘ | 4.1 | 0.9 | 3 | 8.4 | 0.9 | 2.6 | -0.3 | -1.9 | 1.8 | 8.6 | - |
| Debt/CF from Ops. ⓘ | 3.2 | 10.8 | 3.3 | 1 | 10.5 | 3.7 | -42.5 | -7.3 | 7 | 1.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.5% | 7.2% | 15.6% | 10.1% | ||||
| Adj EPS ⓘ | NA | 6.2% | 27.9% | 130.3% | ||||
| BVPSⓘ | 4.2% | 2.7% | 6.1% | 11.6% | ||||
| Share Price | 25.9% | 29% | -4.8% | 4.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -5.7 | 6 | 17.5 | 10.7 | 9.7 | 2.4 | 6.2 | 16.2 | 5.5 | 11.4 | 15.2 |
| Op. Profit Mgn % ⓘ | 4.1 | 6.7 | 10.7 | 10 | 9 | 8 | 9.6 | 12.6 | 7.3 | 9.1 | 10.7 |
| Net Profit Mgn % ⓘ | -1.5 | 1.7 | 5.7 | 3.5 | 3.3 | 0.8 | 2.8 | 6.7 | 2.5 | 5.3 | 7.5 |
| Debt to Equity ⓘ | 0.9 | 0.7 | 0.6 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | 0.3 | - |
| Working Cap Days ⓘ | 213 | 198 | 187 | 166 | 159 | 177 | 208 | 182 | 198 | 175 | 90 |
| Cash Conv. Cycle ⓘ | 78 | 75 | 82 | 76 | 77 | 89 | 102 | 106 | 124 | 113 | 45 |
Return on Equity has increased versus last 3 years average to 15.20%
Sales growth is growing at healthy rate in last 3 years 15.58%
Net Profit is growing at healthy rate in last 3 years 27.94%
Sales growth is not so good in last 4 quarters at 9.12%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.2 | 7.2 |
| TTM Sales (₹ Cr.) | 85.4 | 85.5 |
| BVPS (₹.) ⓘ | 56.3 | 55.9 |
| Reserves (₹ Cr.) ⓘ | 37 | 36 |
| P/BV ⓘ | 1.61 | 1.63 |
| PE ⓘ | 11.14 | 12.67 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 82.10 / 196.05 |
| All Time Low / High (₹) | 2.00 / 196.05 |
| Market Cap (₹ Cr.) | 71.7 |
| Equity (₹ Cr.) | 7.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 33.2 |
| Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | Mar'25 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Operating Income | 0 | N/A | 0 | N/A | 0 | N/A | 0 | N/A |
| Adj EPS (₹) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Profit Mgn % | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| PDS | 401.9 | 1.3 (0.3%) | Small Cap | 10,577 | 11.5 | 3.2 | 34.9 | 3.4 |
| Welspun Living | 133.2 | 0.8 (0.6%) | Small Cap | 9,679 | 6.8 | 6.9 | 19.4 | 2.7 |
| Vardhman Textiles | 497.4 | 8.8 (1.8%) | Small Cap | 9,299 | 28.9 | 5.9 | 16.9 | 1.5 |
| Arvind | 388.8 | -1.3 (-0.3%) | Small Cap | 7,738 | 11.5 | 4.5 | 33.9 | 2.8 |
| K.P.R. Mill | 1,078.2 | 15.9 (1.5%) | Small Cap | 6,060 | 24.1 | 13 | 44.1 | 7.4 |
| Alok Inds | 18.6 | -0.9 (-4.8%) | Small Cap | 5,356 | -1.6 | -15.2 | - | -0.5 |
| RSWM | 156.4 | -2.3 (-1.5%) | Small Cap | 4,058 | -1.2 | -2 | - | 0.6 |
| Indo Count Inds | 309 | 4.4 (1.4%) | Small Cap | 3,557 | 16.5 | 9.1 | 18.5 | 2.7 |
| Himatsingka Seide | 152 | -1.2 (-0.8%) | Small Cap | 2,841 | 7 | 3.9 | 21.9 | 1 |
| Sangam India | 420.5 | -9.3 (-2.2%) | Small Cap | 2,648 | 6.1 | 1.5 | 70.5 | 2.2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 55.39 | 51.84 | 48.55 | 52.96 | 58.32 | 59.34 | 53.40 | 70.25 | 74.92 | 82.46 |
| Operating Expenses ⓘ | 53.12 | 48.35 | 43.34 | 47.68 | 53.07 | 54.92 | 48.30 | 61.38 | 69.60 | 74.95 |
| Manufacturing Costs | 2.22 | 1.54 | 1.86 | 2.88 | 3.94 | 4.10 | 3.75 | 6.42 | 6.44 | 6.88 |
| Material Costs | 39.22 | 37.66 | 35.03 | 35.81 | 39.43 | 42.41 | 36.60 | 45.86 | 52.62 | 55.71 |
| Employee Cost | 5.12 | 3.24 | 1.70 | 3.67 | 3.12 | 3.76 | 3.32 | 3.71 | 4.13 | 4.43 |
| Other Costs ⓘ | 6.56 | 5.91 | 4.75 | 5.32 | 6.57 | 4.66 | 4.62 | 5.39 | 6.42 | 7.93 |
| Operating Profit ⓘ | 2.27 | 3.49 | 5.21 | 5.28 | 5.25 | 4.42 | 5.11 | 8.86 | 5.32 | 7.51 |
| Operating Profit Margin (%) | 4.1% | 6.7% | 10.7% | 10.0% | 9.0% | 7.4% | 9.6% | 12.6% | 7.1% | 9.1% |
| Other Income ⓘ | 1.40 | 0.62 | 0.90 | 0.62 | 0.18 | 0.02 | 0.43 | 0.86 | 0.31 | 1.62 |
| Interest ⓘ | 3.26 | 2.22 | 1.62 | 1.29 | 1.07 | 1.16 | 1.15 | 1.26 | 1.60 | 1.29 |
| Depreciation ⓘ | 1.33 | 0.91 | 0.89 | 0.98 | 1.30 | 2.10 | 2.06 | 1.89 | 1.70 | 1.74 |
| Exceptional Items ⓘ | -0.22 | 0.55 | -1.13 | -1.15 | -0.50 | -0.86 | -0.92 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -1.14 | 1.53 | 2.47 | 2.48 | 2.57 | 0.32 | 1.40 | 6.57 | 2.34 | 6.10 |
| Tax ⓘ | -0.15 | 0.27 | 0.27 | 0.66 | 0.65 | 0.03 | 0.60 | 1.70 | 0.57 | 1.42 |
| Profit After Tax | -0.99 | 1.26 | 2.20 | 1.81 | 1.91 | 0.29 | 0.80 | 4.87 | 1.77 | 4.67 |
| PAT Margin (%) | -1.8% | 2.4% | 4.5% | 3.4% | 3.3% | 0.5% | 1.5% | 6.9% | 2.4% | 5.7% |
| Adjusted EPS (₹) | -2.5 | 3.2 | 5.3 | 4.1 | 4.2 | 0.6 | 1.4 | 7.1 | 2.3 | 5.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 12% | 24% | 84% | 69% | 14% | 44% | 17% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 14.04 | 15.30 | 16.21 | 18.45 | 20.57 | 21.05 | 23.75 | 31.95 | 35.98 | 40.31 |
| Share Capital ⓘ | 3.98 | 3.98 | 4.18 | 4.39 | 4.61 | 4.84 | 5.55 | 6.85 | 7.86 | 7.89 |
| Reserves ⓘ | 10.06 | 11.32 | 12.03 | 14.07 | 15.96 | 16.21 | 18.20 | 25.10 | 28.12 | 32.42 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 13.01 | 10.12 | 9.65 | 8.21 | 9.07 | 9.68 | 11.52 | 13.20 | 12.01 | 11.84 |
| Long Term Debt | 1.57 | 0.92 | 0.82 | 0.28 | 0.01 | 0.20 | 1.83 | 0.96 | 0.33 | 0.05 |
| Short Term Debt | 11.44 | 9.20 | 8.83 | 7.93 | 9.05 | 9.48 | 9.69 | 12.24 | 11.67 | 11.79 |
| Trade Payables | 9.76 | 6.70 | 6.28 | 8.92 | 7.59 | 11.44 | 6.66 | 7.42 | 6.32 | 6.26 |
| Others Liabilities ⓘ | 8.22 | 4.81 | 2.79 | 5.11 | 5.17 | 6.94 | 7.78 | 6.53 | 6.65 | 4.28 |
| Total Liabilities ⓘ | 45.02 | 36.93 | 34.93 | 40.70 | 42.39 | 49.10 | 49.71 | 59.10 | 60.95 | 62.69 |
Fixed Assets | ||||||||||
| Gross Block | 29.57 | 28.95 | 10.68 | 16.60 | 16.10 | 19.32 | 15.46 | 15.41 | 17.48 | 18.76 |
| Accumulated Depreciation | 19.11 | 19.34 | 0.89 | 1.63 | 1.30 | 3.31 | 3.32 | 4.45 | 6.04 | 7.78 |
| Net Fixed Assetsⓘ | 10.46 | 9.61 | 9.79 | 14.97 | 14.80 | 16.01 | 12.14 | 10.96 | 11.44 | 10.98 |
| CWIP ⓘ | 0.04 | 0.04 | 0.65 | 0.02 | 0.46 | 0.46 | 0.25 | 0.17 | 0.23 | 0.41 |
| Investmentsⓘ | 2.17 | 0.34 | 0.34 | 0.15 | 0.35 | 0.49 | 5.49 | 6.40 | 6.86 | 8.26 |
| Inventories | 10.22 | 8.58 | 10.05 | 12.05 | 13.01 | 15.50 | 11.87 | 19.39 | 21.80 | 19.94 |
| Trade Receivables | 11.60 | 10.43 | 9.21 | 8.68 | 9.86 | 11.25 | 12.67 | 12.08 | 12.28 | 12 |
| Cash Equivalents | 2.38 | 0.70 | 0.63 | 0.99 | 0.43 | 0.99 | 2.18 | 1.31 | 1.27 | 5.32 |
| Others Assetsⓘ | 8.16 | 7.25 | 4.27 | 3.84 | 3.48 | 4.40 | 5.11 | 8.80 | 7.06 | 5.78 |
| Total Assets ⓘ | 45.02 | 36.93 | 34.93 | 40.70 | 42.39 | 49.10 | 49.71 | 59.10 | 60.95 | 62.69 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4.05 | 0.94 | 2.97 | 8.43 | 0.86 | 2.63 | -0.27 | -1.90 | 1.82 | 8.55 |
| PBT ⓘ | -0.92 | 0.98 | 2.47 | 2.48 | 2.57 | 0.32 | 1.40 | 6.57 | 2.34 | 6.10 |
| Adjustment ⓘ | 4.27 | 3.03 | 2.06 | 2.63 | 2.85 | 3.61 | 3.97 | 2.67 | 3.19 | 1.99 |
| Changes in Working Capital ⓘ | 0.74 | -3.05 | -1.1 | 3.84 | -3.58 | -0.32 | -4.92 | -9.11 | -2.21 | 2.49 |
| Tax Paid ⓘ | -0.04 | -0.01 | -0.46 | -0.51 | -0.69 | -0.43 | -0.47 | -1.45 | -0.71 | -1.25 |
| Cash Flow From Investing Activity ⓘ | 5.48 | 2.43 | -1.35 | -5.64 | -1.87 | -2.06 | -1.84 | -2.67 | -0.78 | -6.14 |
| Capex | 5.19 | -0.38 | -1.68 | -5.67 | -1.43 | -1.53 | 3.01 | -1.89 | -0.78 | -1.46 |
| Net Investments | 0 | 2.77 | 0 | -0.07 | -0.21 | -0.24 | -4.66 | -0.54 | -0.24 | -0.43 |
| Others ⓘ | 0.30 | 0.04 | 0.33 | 0.10 | -0.23 | -0.29 | -0.19 | -0.24 | 0.24 | -4.25 |
| Cash Flow From Financing Activityⓘ | -7.96 | -5.06 | -1.38 | -2.37 | 0.20 | -0.33 | 3.09 | 3.41 | -0.89 | -2.25 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0.46 | 0.36 | 0.38 | 0 | 0 | 2.84 | 2.27 | 0.03 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1.63 | -0.86 | -0.64 | -0.29 |
| Interest Paid ⓘ | -3.23 | -2.16 | -1.62 | -1.29 | -1.03 | -0.99 | -1.04 | -1.06 | -1.48 | -1.21 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -4.72 | -2.89 | -0.22 | -1.44 | 0.85 | 0.66 | 2.51 | 2.50 | -1.04 | -0.78 |
| Net Cash Flow ⓘ | 1.58 | -1.68 | 0.24 | 0.42 | -0.80 | 0.24 | 0.98 | -1.16 | 0.15 | 0.16 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.8 | 8.59 | 13.96 | 10.46 | 9.81 | 1.38 | 3.57 | 17.5 | 5.21 | 12.26 |
| ROCE (%) | 7.09 | 14.31 | 15.9 | 14.25 | 12.88 | 4.85 | 7.46 | 18.64 | 8.2 | 14.53 |
| Asset Turnover Ratio | 1.14 | 1.27 | 1.35 | 1.4 | 1.4 | 1.3 | 1.08 | 1.29 | 1.25 | 1.33 |
| PAT to CFO Conversion(x) | N/A | 0.75 | 1.35 | 4.66 | 0.45 | 9.07 | -0.34 | -0.39 | 1.03 | 1.83 |
| Working Capital Days | ||||||||||
| Receivable Days | 70 | 77 | 74 | 62 | 58 | 65 | 82 | 64 | 59 | 54 |
| Inventory Days | 80 | 66 | 70 | 76 | 78 | 88 | 94 | 81 | 100 | 92 |
| Payable Days | 96 | 80 | 68 | 77 | 76 | 82 | 90 | 56 | 48 | 41 |
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:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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