Sky Industries Limited manufactures and sells narrow woven fabrics in India.
Average dividend payer with mediocre balance sheet.
Share Price & News
How has Sky Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 526479 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 526479 underperformed the Indian Luxury industry which returned 12.6% over the past year.
Return vs Market: 526479 underperformed the Indian Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Sky Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Sky Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 526479 (₹30) is trading above our estimate of fair value (₹13.92)
Significantly Below Fair Value: 526479 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 526479 is poor value based on its PE Ratio (11.9x) compared to the Luxury industry average (10.8x).
PE vs Market: 526479 is good value based on its PE Ratio (11.9x) compared to the Indian market (12.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 526479's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 526479 is overvalued based on its PB Ratio (0.7x) compared to the IN Luxury industry average (0.5x).
How is Sky Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sky Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Sky Industries is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
- Sky Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Sky Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 526479 has high quality earnings.
Growing Profit Margin: 526479's current net profit margins (2%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: 526479's earnings have grown significantly by 20.4% per year over the past 5 years.
Accelerating Growth: 526479's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 526479 had negative earnings growth (-50.8%) over the past year, making it difficult to compare to the Luxury industry average (6.4%).
Return on Equity
High ROE: 526479's Return on Equity (5.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Sky Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 526479's short term assets (₹270.0M) exceed its short term liabilities (₹186.8M).
Long Term Liabilities: 526479's short term assets (₹270.0M) exceed its long term liabilities (₹43.5M).
Debt to Equity History and Analysis
Debt Level: 526479's debt to equity ratio (50%) is considered high.
Reducing Debt: 526479's debt to equity ratio has reduced from 97.7% to 50% over the past 5 years.
Debt Coverage: 526479's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 526479's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Inventory Level: 526479 has a high level of physical assets or inventory.
Debt Coverage by Assets: 526479's debt is covered by short term assets (assets are 2.6x debt).
What is Sky Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 526479's dividend (3.33%) is higher than the bottom 25% of dividend payers in the Indian market (0.62%).
High Dividend: 526479's dividend (3.33%) is in the top 25% of dividend payers in the Indian market (2.69%)
Stability and Growth of Payments
Stable Dividend: 526479's dividend payments have been volatile in the past 10 years.
Growing Dividend: 526479's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.8%), 526479's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Shailesh Shah (55yo)
Mr. Shailesh S. Shah has been the Managing Director of Sky Industries Limited since October 1, 2009 and serves as its Executive Director.
CEO Compensation Analysis
Compensation vs Market: Shailesh's total compensation ($USD33.47K) is below average for companies of similar size in the Indian market ($USD50.27K).
Compensation vs Earnings: Shailesh's compensation has been consistent with company performance over the past year.
|MD & Executive Director||0yrs||₹2.40m||29.54% ₹42.5m|
|CFO, Compliance Officer & Whole time Director||2.2yrs||₹1.80m||no data|
|Executive Director||10.3yrs||₹2.40m||18.71% ₹26.9m|
|Executive Director||6.3yrs||₹1.20m||no data|
|Independent Non Executive Woman Director||4.9yrs||₹50.00k||no data|
|Independent Non Executive Director||1.6yrs||₹40.00k||no data|
|Independent Non Executive Director||0.5yrs||no data||no data|
Experienced Board: 526479's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sky Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: Sky Industries Limited
- Ticker: 526479
- Exchange: BSE
- Founded: 1989
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹143.950m
- Shares outstanding: 4.61m
- Website: https://skycorp.in
Number of Employees
- Sky Industries Limited
- 1101, Universal Majestic
- Behind RBK International School
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|526479||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Aug 1998|
Sky Industries Limited manufactures and sells narrow woven fabrics in India. The company offers hook and loop tape fasteners, self-adhesive and non-adhesive products, insect screens, neoprene fabrics, velvet ribbons, and elastic tapes; and engineering hook and loop fastening systems for use in the automotive, aerospace, hygiene, and packaging products, as well as others. It also provides specialty products, such as micro hooks, slim loops, back to back tapes, weldable tapes, side by side tapes, dual loops, combi tapes, unnapped loops, mushroom hooks, soft hooks, elasticated loop tapes, and bobbin tapes. The company serves footwear, orthopedic, defense, automotive, sports, personal protective equipment, packaging, apparel, infant wear, cable networking, medical accessories, FIBC, aviation, hygiene, and home furnishing industries and applications. It also exports its products. The company was formerly known as Fine Velvets and Plastofabs Private Limited and changed its name to Sky Industries Limited in 1993. The company was founded in 1989 and is based in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 12:44|
|End of Day Share Price||2020/02/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.