BSE:526479

Stock Analysis Report

Executive Summary

Sky Industries Limited manufactures and sells narrow woven fabrics in India.


Snowflake Analysis

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.


Market Performance


7 Day Return

-4.0%

526479

-3.9%

IN Luxury

-3.9%

IN Market


1 Year Return

-6.7%

526479

12.6%

IN Luxury

4.5%

IN Market

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.


Shareholder returns

526479IndustryMarket
7 Day-4.0%-3.9%-3.9%
30 Day0%-0.01%-3.9%
90 Day-2.9%6.1%-2.1%
1 Year-3.7%-6.7%13.4%12.6%6.4%4.5%
3 Year37.0%31.0%47.3%45.6%19.4%12.8%
5 Year223.8%209.6%96.9%93.4%28.2%16.6%

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

Valuation

Is Sky Industries undervalued compared to its fair value and its price relative to the market?

11.93x

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).


Next Steps

Future Growth

How is Sky Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

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.


Next Steps

Past Performance

How has Sky Industries performed over the past 5 years?

20.4%

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


Next Steps

Financial Health

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).


Balance Sheet

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).


Next Steps

Dividend

What is Sky Industries's current dividend yield, its reliability and sustainability?

3.33%

Current Dividend Yield


Dividend Yield vs Market

company3.3%marketbottom25%0.6%markettop25%2.7%industryaverage0.7%forecastin3Yearsn/a

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average board tenure


CEO

Shailesh Shah (55yo)

₹2,400,000

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Shailesh Shah
MD & Executive Director0yrs₹2.40m29.54% 42.5m
Maikal Raorani
CFO, Compliance Officer & Whole time Director2.2yrs₹1.80mno data
Sharad Shah
Executive Director10.3yrs₹2.40m18.71% 26.9m
Vaibhav Desai
Executive Director6.3yrs₹1.20mno data
Aditi Bhatt
Independent Non Executive Woman Director4.9yrs₹50.00kno data
Amarendra Mohapatra
Independent Non Executive Director1.6yrs₹40.00kno data
Sanghamitra Sarangi
Independent Non Executive Director0.5yrsno datano data

3.5yrs

Average Tenure

47yo

Average Age

Experienced Board: 526479's board of directors are considered experienced (3.5 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sky Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Sky Industries Limited
  • 1101, Universal Majestic
  • Behind RBK International School
  • Mumbai
  • Maharashtra
  • 400043
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
526479BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1998

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 12:44
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.