New Risk • Jul 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (₹901.0m market cap, or US$9.35m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹102, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 51% over the past three years. Announcement • Jul 10
Sky Industries Limited, Annual General Meeting, Aug 01, 2026 Sky Industries Limited, Annual General Meeting, Aug 01, 2026, at 11:00 Indian Standard Time. Upcoming Dividend • Jul 10
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 17 July 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Reported Earnings • May 18
Full year 2026 earnings released: EPS: ₹8.43 (vs ₹7.42 in FY 2025) Full year 2026 results: EPS: ₹8.43 (up from ₹7.42 in FY 2025). Revenue: ₹866.4m (up 3.0% from FY 2025). Net income: ₹66.5m (up 14% from FY 2025). Profit margin: 7.7% (up from 7.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Sky Industries Limited to Report Q4, 2026 Results on May 15, 2026 Sky Industries Limited announced that they will report Q4, 2026 results on May 15, 2026 New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹706.1m market cap, or US$7.40m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹65.70, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 11% over the past three years. Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: ₹1.84 (vs ₹1.61 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.84 (up from ₹1.61 in 3Q 2025). Revenue: ₹214.0m (up 5.3% from 3Q 2025). Net income: ₹14.5m (up 14% from 3Q 2025). Profit margin: 6.8% (up from 6.2% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Sky Industries Limited to Report Q3, 2026 Results on Feb 07, 2026 Sky Industries Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 07, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹2.19 (vs ₹2.30 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.19 (down from ₹2.30 in 2Q 2025). Revenue: ₹249.4m (up 10% from 2Q 2025). Net income: ₹17.3m (down 4.5% from 2Q 2025). Profit margin: 6.9% (down from 8.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Sky Industries Limited to Report Q2, 2026 Results on Nov 12, 2025 Sky Industries Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Whole Time Director Mani Gopalakrishnan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹757.1m market cap, or US$8.65m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹1.27 (vs ₹2.01 in 1Q 2025) First quarter 2026 results: EPS: ₹1.27 (down from ₹2.01 in 1Q 2025). Revenue: ₹196.5m (down 10% from 1Q 2025). Net income: ₹9.94m (down 37% from 1Q 2025). Profit margin: 5.1% (down from 7.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹118, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 66% over the past three years. Announcement • Jul 08
Sky Industries Limited Approves Final Dividend for the Financial Year Ended March 31, 2025 Sky Industries Limited in its AGM held on July 4, 2025 approved a final dividend of @10%, that is INR 1 per equity share of INR 10 each for the financial year ended March 31, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 03 August 2025. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.6%). Announcement • Jun 10
Sky Industries Limited, Annual General Meeting, Jul 04, 2025 Sky Industries Limited, Annual General Meeting, Jul 04, 2025, at 11:00 Indian Standard Time. Reported Earnings • May 25
Full year 2025 earnings released: EPS: ₹7.27 (vs ₹5.25 in FY 2024) Full year 2025 results: EPS: ₹7.27 (up from ₹5.25 in FY 2024). Revenue: ₹854.9m (up 4.7% from FY 2024). Net income: ₹58.2m (up 41% from FY 2024). Profit margin: 6.8% (up from 5.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Announcement • May 17
Sky Industries Limited to Report Q4, 2025 Results on May 24, 2025 Sky Industries Limited announced that they will report Q4, 2025 results on May 24, 2025 New Risk • Feb 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹859.7m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹859.7m market cap, or US$9.89m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹109, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 26x in the Luxury industry in India. Total returns to shareholders of 46% over the past three years. Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: ₹1.61 (vs ₹1.55 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.61 (up from ₹1.55 in 3Q 2024). Revenue: ₹204.9m (up 2.8% from 3Q 2024). Net income: ₹12.7m (up 3.7% from 3Q 2024). Profit margin: 6.2% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jan 28
Sky Industries Limited to Report Q3, 2025 Results on Feb 04, 2025 Sky Industries Limited announced that they will report Q3, 2025 results on Feb 04, 2025 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹138, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 52% over the past three years. Announcement • Nov 09
Sky Industries Limited to Report Q2, 2025 Results on Nov 14, 2024 Sky Industries Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹163, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 130% over the past three years. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹2.01 (vs ₹0.97 in 1Q 2024) First quarter 2025 results: EPS: ₹2.01 (up from ₹0.97 in 1Q 2024). Revenue: ₹225.7m (up 15% from 1Q 2024). Net income: ₹15.9m (up 108% from 1Q 2024). Profit margin: 7.0% (up from 3.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Aug 08
Sky Industries Limited to Report Q1, 2025 Results on Aug 14, 2024 Sky Industries Limited announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹799.3m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹799.3m market cap, or US$9.52m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹111, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 44% over the past three years. Upcoming Dividend • Jul 04
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 17 August 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.5%). Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: ₹5.25 (vs ₹2.27 in FY 2023) Full year 2024 results: EPS: ₹5.25 (up from ₹2.27 in FY 2023). Revenue: ₹816.6m (up 9.0% from FY 2023). Net income: ₹41.4m (up 134% from FY 2023). Profit margin: 5.1% (up from 2.4% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jun 27
Sky Industries Limited, Annual General Meeting, Jul 18, 2024 Sky Industries Limited, Annual General Meeting, Jul 18, 2024, at 11:00 Indian Standard Time. Announcement • Jun 26
Sky Industries Limited Recommends Dividend for Fiscal Year 2023-24 Sky Industries Limited announced that at the board meeting held on May 21, 2024, recommended Dividend @10% i.e. INR 1.00/- per Equity Share of INR 10/- each for fiscal year 2023-24, subject to the approval of the Members at the 35th Annual General Meeting (AGM) of the Company to be held on July 18, 2024. Announcement • May 16
Sky Industries Limited to Report Q4, 2024 Results on May 21, 2024 Sky Industries Limited announced that they will report Q4, 2024 results on May 21, 2024 Buy Or Sell Opportunity • Mar 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₹83.03. The fair value is estimated to be ₹67.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 7.3%. Buy Or Sell Opportunity • Feb 14
Now 37% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to ₹94.82. The fair value is estimated to be ₹69.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 7.3%. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: ₹1.55 (vs ₹0.40 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹1.55 (up from ₹0.40 loss in 3Q 2023). Revenue: ₹202.8m (up 15% from 3Q 2023). Net income: ₹12.2m (up ₹15.4m from 3Q 2023). Profit margin: 6.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹1.49 (vs ₹0.94 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.49 (up from ₹0.94 in 2Q 2023). Revenue: ₹218.4m (down 4.0% from 2Q 2023). Net income: ₹11.7m (up 58% from 2Q 2023). Profit margin: 5.4% (up from 3.3% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 10
Sky Industries Limited Approves Resignation of Mr. Vaibhav Desai as Whole Time Director The board of directors of Sky Industries Limited at its meeting held on November 9, 2023, approved resignation of Mr. Vaibhav Desai (DIN: 06673723) as Whole Time Director of the Company with effect from close of Business Hours on November 09, 2023 as he has been appointed as a Whole Time Director in the Subsidiary Company i.e. Skytech Textiles Private Limited and he will be concentrating on the new business opportunities in the Subsidiary Company. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹80.14, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 24x in the Luxury industry in India. Total returns to shareholders of 178% over the past three years. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.97 (vs ₹1.06 in 1Q 2023) First quarter 2024 results: EPS: ₹0.97 (down from ₹1.06 in 1Q 2023). Revenue: ₹198.9m (up 17% from 1Q 2023). Net income: ₹7.63m (down 4.4% from 1Q 2023). Profit margin: 3.8% (down from 4.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 37% per year. Announcement • Aug 04
Sky Industries Limited to Report Q1, 2024 Results on Aug 11, 2023 Sky Industries Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Nitin Oza was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹607.3m market cap, or US$7.40m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Announcement • Jul 01
Sky Industries Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Sky Industries Limited approved a final dividend @10% that is INR 1/- per Equity Share of INR 10/- each for the Financial Year ended March 31, 2023 at its AGM held on June 30, 2023. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹76.96, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 21x in the Luxury industry in India. Total returns to shareholders of 247% over the past three years. Upcoming Dividend • Jun 16
Upcoming dividend of ₹1.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 23 June 2023. Payment date: 29 July 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.5%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Announcement • Jun 04
Sky Industries Limited, Annual General Meeting, Jun 30, 2023 Sky Industries Limited, Annual General Meeting, Jun 30, 2023, at 11:00 Indian Standard Time. Reported Earnings • May 18
Full year 2023 earnings released: EPS: ₹2.27 (vs ₹7.62 in FY 2022) Full year 2023 results: EPS: ₹2.27 (down from ₹7.62 in FY 2022). Revenue: ₹752.4m (up 6.8% from FY 2022). Net income: ₹17.7m (down 64% from FY 2022). Profit margin: 2.4% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹0.40 loss per share (vs ₹1.33 profit in 3Q 2022) Third quarter 2023 results: ₹0.40 loss per share (down from ₹1.33 profit in 3Q 2022). Revenue: ₹176.1m (down 9.4% from 3Q 2022). Net loss: ₹3.18m (down 135% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Feb 04
Sky Industries Limited to Report Q3, 2023 Results on Feb 13, 2023 Sky Industries Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.94 (vs ₹1.97 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.94 (down from ₹1.97 in 2Q 2022). Revenue: ₹229.8m (up 16% from 2Q 2022). Net income: ₹7.41m (down 41% from 2Q 2022). Profit margin: 3.2% (down from 6.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Lokanath Mishra was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 04
Sky Industries Limited to Report Q2, 2023 Results on Nov 12, 2022 Sky Industries Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹92.35, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 228% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 26% share price gain to ₹112, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 292% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₹94.80, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 231% over the past three years. Reported Earnings • Aug 16
First quarter 2023 earnings released: EPS: ₹1.06 (vs ₹1.95 in 1Q 2022) First quarter 2023 results: EPS: ₹1.06 (down from ₹1.95 in 1Q 2022). Revenue: ₹170.3m (up 13% from 1Q 2022). Net income: ₹7.98m (down 28% from 1Q 2022). Profit margin: 4.7% (down from 7.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Sky Industries Limited to Report Q1, 2023 Results on Aug 10, 2022 Sky Industries Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • Jul 02
Sky Industries Limited Declares Final Dividend for the Financial Year Ended March 31, 2022 Sky Industries Limited at its AGM held on June 30, 2022, declared a final dividend of INR 1/- per share for the Financial Year ended March 31, 2022. Upcoming Dividend • Jun 15
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 30 July 2022. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.6%). Reported Earnings • Jun 10
Full year 2022 earnings released: EPS: ₹7.62 (vs ₹1.61 in FY 2021) Full year 2022 results: EPS: ₹7.62 (up from ₹1.61 in FY 2021). Revenue: ₹704.5m (up 32% from FY 2021). Net income: ₹48.7m (up ₹40.7m from FY 2021). Profit margin: 6.9% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Jun 05
Sky Industries Limited, Annual General Meeting, Jun 30, 2022 Sky Industries Limited, Annual General Meeting, Jun 30, 2022, at 11:00 Indian Standard Time. Reported Earnings • May 02
Full year 2022 earnings released: EPS: ₹7.70 (vs ₹1.61 in FY 2021) Full year 2022 results: EPS: ₹7.70 (up from ₹1.61 in FY 2021). Revenue: ₹711.0m (up 33% from FY 2021). Net income: ₹48.7m (up ₹40.7m from FY 2021). Profit margin: 6.9% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹85.60, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 177% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Lokanath Mishra was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Sky Industries Limited to Report Fiscal Year 2022 Results on Apr 30, 2022 Sky Industries Limited announced that they will report fiscal year 2022 results on Apr 30, 2022 Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 27% share price gain to ₹91.80, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 205% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₹95.25, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 21% share price gain to ₹84.15, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 146% over the past three years. Upcoming Dividend • Jun 14
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 29 July 2021. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.5%). Reported Earnings • Jun 08
Full year 2021 earnings released: EPS ₹1.61 (vs ₹0.62 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹534.0m (down 10.0% from FY 2020). Net income: ₹7.99m (up 178% from FY 2020). Profit margin: 1.5% (up from 0.5% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Jun 01
Sky Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021, Payable on or After June 29, 2021 Sky Industries Limited at its board meeting held on April 27, 2021, recommended the final dividend of INR 1 per equity shares of face value of INR 10 each for the financial year ended March 31, 2021, subject to the approval of the members of the company at the upcoming annual general meeting. will be paid on or after June 29, 2021. Record date June 22, 2021. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹77.25, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 21% share price gain to ₹90.95, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 124% over the past three years. Reported Earnings • May 02
Full year 2021 earnings released: EPS ₹1.61 (vs ₹0.62 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹538.3m (down 9.3% from FY 2020). Net income: ₹7.99m (up 178% from FY 2020). Profit margin: 1.5% (up from 0.5% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Apr 30
MD & Executive Director exercised options to buy ₹19m worth of stock. On the 27th of April, Shailesh Shah exercised options to buy 250k shares at a strike price of around ₹29.25, costing a total of ₹7.3m. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since June 2020, Shailesh's direct individual holding has increased from 1.59m shares to 1.83m. This was the only transaction from an insider over the last 12 months. Announcement • Apr 29
Sky Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2021 Sky Industries Limited at its board meeting held on April 27, 2021, recommended the final dividend of INR 1 per equity shares of face value of INR 10 each for the financial year ended March 31, 2021, subject to the approval of the members of the company at the upcoming annual general meeting. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₹67.35, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 19% share price gain to ₹50.10, the stock is trading at a trailing P/E ratio of 19.7x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 18x in the Luxury industry in India. Total returns to shareholders over the past three years are 21%. Is New 90 Day High Low • Feb 17
New 90-day high: ₹44.70 The company is up 23% from its price of ₹36.25 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 17% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS ₹0.71 (vs ₹0.47 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹174.9m (up 22% from 3Q 2020). Net income: ₹3.44m (up 58% from 3Q 2020). Profit margin: 2.0% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Feb 13
Sky Industries Limited Appoints Swapnil Soni as Company Secretary & Compliance Officer The Board of Directors of the Sky Industries Limited at their Meeting held on February 12, 2021 and on the basis of recommendation made by Nomination & Remuneration Committee of Company has approved the appointment of Mr. Swapnil Soni as Company Secretary & Compliance Officer of the Company also designated as Key Managerial Personnel of the Company in terms of Section 203 of Companies Act, 2013 and rules made thereunder read with Regulation 6 of Listing Regulations with effect from February 12, 2021. Announcement • Feb 03
Sky Industries Limited to Report Q3, 2021 Results on Feb 12, 2021 Sky Industries Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Jan 20
New 90-day high: ₹41.90 The company is up 91% from its price of ₹21.95 on 21 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 25% over the same period. Announcement • Jan 12
Sky Industries Limited announced a financing transaction Sky Industries Limited (BSE:526479) announced a private placement of common shares and convertible warrants on January 10, 2020. The transaction has been approved by the shareholders of the company. The company will issue securities on a preferential basis. Reported Earnings • Nov 18
Second quarter 2021 earnings released: EPS ₹1.15 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹131.3m (down 3.8% from 2Q 2020). Net income: ₹5.59m (up 47% from 2Q 2020). Profit margin: 4.3% (up from 2.8% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 10
New 90-day high: ₹25.95 The company is up 21% from its price of ₹21.50 on 12 August 2020. The Indian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 18% share price gain to ₹24.75, the stock is trading at a trailing P/E ratio of 39.9x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 15x in the Luxury industry in India. Total return to shareholders over the past three years is a loss of 37%. Announcement • Nov 05
Sky Industries Limited to Report Q2, 2021 Results on Nov 12, 2020 Sky Industries Limited announced that they will report Q2, 2021 results on Nov 12, 2020 Announcement • Sep 06
Sky Industries Limited to Report Q1, 2021 Results on Sep 11, 2020 Sky Industries Limited announced that they will report Q1, 2021 results on Sep 11, 2020 
