New Risk • Feb 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 0% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (0% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹1.46b market cap, or US$16.1m). Reported Earnings • Feb 17
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: ₹110.4m (up 8.7% from 3Q 2025). Net income: ₹12.7m (up 26% from 3Q 2025). Profit margin: 12% (up from 9.9% in 3Q 2025). The increase in margin was driven by higher revenue. Announcement • Feb 13
Silgo Retail Limited has completed a Follow-on Equity Offering in the amount of INR 442.88154 million. Silgo Retail Limited has completed a Follow-on Equity Offering in the amount of INR 442.88154 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 7,381,359
Price\Range: INR 60
Transaction Features: Regulation S; Rights Offering Reported Earnings • Nov 20
Second quarter 2026 earnings released: EPS: ₹0.60 (vs ₹0.43 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.60 (up from ₹0.43 in 2Q 2025). Revenue: ₹116.7m (up 82% from 2Q 2025). Net income: ₹14.1m (up 76% from 2Q 2025). Profit margin: 12% (in line with 2Q 2025). 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 40% per year, which means it is well ahead of earnings. New Risk • Aug 29
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 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (₹441m revenue, or US$5.0m). Market cap is less than US$100m (₹1.26b market cap, or US$14.3m). Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹65.46, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 198% over the past three years. Reported Earnings • Jul 30
Full year 2025 earnings released: EPS: ₹2.42 (vs ₹1.70 in FY 2024) Full year 2025 results: EPS: ₹2.42 (up from ₹1.70 in FY 2024). Revenue: ₹443.7m (up 27% from FY 2024). Net income: ₹44.8m (up 42% from FY 2024). Profit margin: 10% (up from 9.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jul 23
Silgo Retail Limited, Annual General Meeting, Aug 20, 2025 Silgo Retail Limited, Annual General Meeting, Aug 20, 2025, at 13:30 Indian Standard Time. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹59.83, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹45.22, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 94% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.54 (vs ₹0.89 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.54. Revenue: ₹101.5m (up 17% from 3Q 2024). Net income: ₹10.1m (up 10% from 3Q 2024). Profit margin: 9.9% (in line with 3Q 2024). Announcement • Feb 10
Silgo Retail Limited to Report Q3, 2025 Results on Feb 10, 2025 Silgo Retail Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹27.51, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 3.4% over the past three years. Board Change • Jan 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-Executive Independent Director Tarun Rathi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 23
Silgo Retail Limited Announces Resignation of Gopal Singh Shall as Independent Director Silgo Retail Limited announced that Mr. Gopal Singh shall be resigning as Independent Director of the company w.e.f. 21st January 2025 pursuant to regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.43 (vs ₹0.49 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.43. Revenue: ₹64.2m (up 3.1% from 2Q 2024). Net income: ₹8.01m (up 60% from 2Q 2024). Profit margin: 13% (up from 8.0% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹48.19, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹45.75, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 31x in the Luxury industry in India. Total returns to shareholders of 59% over the past three years. Announcement • Aug 30
Silgo Retail Limited, Annual General Meeting, Sep 28, 2024 Silgo Retail Limited, Annual General Meeting, Sep 28, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.50 (vs ₹0.78 in 1Q 2024) First quarter 2025 results: EPS: ₹0.50. Revenue: ₹112.8m (up 13% from 1Q 2024). Net income: ₹9.34m (up 16% from 1Q 2024). Profit margin: 8.3% (up from 8.0% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹38.83, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 17% over the past three years. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹3.00 (vs ₹2.29 in FY 2023) Full year 2024 results: EPS: ₹3.00 (up from ₹2.29 in FY 2023). Revenue: ₹350.9m (up 3.0% from FY 2023). Net income: ₹31.5m (up 34% from FY 2023). Profit margin: 9.0% (up from 6.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 31
Silgo Retail Limited to Report Q4, 2024 Results on May 29, 2024 Silgo Retail Limited announced that they will report Q4, 2024 results on May 29, 2024 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹38.40, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 28x in the Luxury industry in India. Total loss to shareholders of 13% over the past three years. New Risk • Apr 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Market cap is less than US$10m (₹542.9m market cap, or US$6.51m). Minor Risk Revenue is less than US$5m (₹382m revenue, or US$4.6m). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹35.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 30x in the Luxury industry in India. Total loss to shareholders of 15% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.89 (vs ₹0.58 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.89 (up from ₹0.58 in 3Q 2023). Revenue: ₹86.9m (flat on 3Q 2023). Net income: ₹9.13m (up 52% from 3Q 2023). Profit margin: 11% (up from 6.8% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹30.40, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 29x in the Luxury industry in India. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹32.30, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 28x in the Luxury industry in India. Total loss to shareholders of 23% over the past three years. Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: ₹0.49 (vs ₹0.40 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.49 (up from ₹0.40 in 2Q 2023). Revenue: ₹62.2m (up 9.1% from 2Q 2023). Net income: ₹5.00m (up 23% from 2Q 2023). Profit margin: 8.0% (up from 7.1% in 2Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.78 (vs ₹0.51 in 1Q 2023) First quarter 2024 results: EPS: ₹0.78 (up from ₹0.51 in 1Q 2023). Revenue: ₹100.0m (up 59% from 1Q 2023). Net income: ₹8.03m (up 53% from 1Q 2023). Profit margin: 8.0% (down from 8.4% 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 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹24.65, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 22x in the Luxury industry in India. Total loss to shareholders of 20% over the past three years. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹2.28 (vs ₹2.25 in FY 2022) Full year 2023 results: EPS: ₹2.28 (up from ₹2.25 in FY 2022). Revenue: ₹346.8m (down 1.2% from FY 2022). Net income: ₹23.5m (up 2.0% from FY 2022). Profit margin: 6.8% (up from 6.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹22.85, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 20x in the Luxury industry in India. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹15.40, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 15x in the Luxury industry in India. Total loss to shareholders of 52% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹0.58 (vs ₹0.63 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.58 (down from ₹0.63 in 3Q 2022). Revenue: ₹89.0m (down 14% from 3Q 2022). Net income: ₹5.99m (down 7.6% from 3Q 2022). Profit margin: 6.7% (up from 6.3% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 19% share price gain to ₹27.65, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 15x in the Luxury industry in India. Total loss to shareholders of 11% over the past year. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.40 (vs ₹0.59 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.40 (down from ₹0.59 in 2Q 2022). Revenue: ₹61.4m (down 30% from 2Q 2022). Net income: ₹4.06m (down 33% from 2Q 2022). Profit margin: 6.6% (down from 6.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Announcement • Aug 28
Silgo Retail Limited, Annual General Meeting, Sep 23, 2022 Silgo Retail Limited, Annual General Meeting, Sep 23, 2022, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022 along with the Reports of the Board of Directors and Auditors thereon; to consider and appoint a director in place of Ms. Anisha Jain (DIN: 09704885), who retires by rotation and, being eligible , offers herself for reappointment; to consider Regularization of Ms. Anisha Jain (DIN: 09704885) as Non-Executive director of the company; to consider Regularization of Additional director Mrs. Anjana Jain (DIN: 1874461), as the Executive director of the company; and to consider other matters. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: ₹0.51 (vs ₹0.41 in 1Q 2022) First quarter 2023 results: EPS: ₹0.51 (up from ₹0.41 in 1Q 2022). Revenue: ₹62.8m (up 30% from 1Q 2022). Net income: ₹5.24m (up 25% from 1Q 2022). Profit margin: 8.4% (down from 8.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹30.05, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 12x in the Luxury industry in India. Total loss to shareholders of 6.1% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹2.28 (vs ₹2.32 in FY 2021) Full year 2022 results: EPS: ₹2.28. Revenue: ₹351.4m (up 10% from FY 2021). Net income: ₹23.1m (up 4.9% from FY 2021). Profit margin: 6.6% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 19% share price gain to ₹33.00, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 13x in the Luxury industry in India. Total returns to shareholders of 13% over the past three years. Recent Insider Transactions • Mar 29
Chairman & MD recently sold ₹14m worth of stock On the 25th of March, Nitin Jain sold around 520k shares on-market at roughly ₹26.75 per share. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Nitin has been a buyer over the last 12 months, purchasing a net total of ₹22m worth of shares. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.63 (up from ₹0.35 in 3Q 2021). Revenue: ₹103.2m (up 30% from 3Q 2021). Net income: ₹6.48m (up 29% from 3Q 2021). Profit margin: 6.3% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS ₹0.59 (vs ₹0.67 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: ₹87.1m (up 37% from 2Q 2021). Net income: ₹6.04m (up 2.3% from 2Q 2021). Profit margin: 6.9% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹37.50, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 29% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹0.41 (vs ₹0.26 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹48.2m (up 78% from 1Q 2021). Net income: ₹4.19m (up 84% from 1Q 2021). Profit margin: 8.7% (up from 8.4% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Jul 31
High number of new directors Non-Executive Independent Director Tarun Rathi was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₹46.30, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 50% over the past year. Reported Earnings • Jun 13
Full year 2021 earnings released: EPS ₹2.32 (vs ₹2.88 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹319.0m (up 12% from FY 2020). Net income: ₹22.0m (up 8.4% from FY 2020). Profit margin: 6.9% (down from 7.1% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹44.40, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 22% share price gain to ₹50.80, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 17x in the Luxury industry in India. Total returns to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 55% share price gain to ₹63.75, the stock is trading at a trailing P/E ratio of 22.2x, up from the previous P/E ratio of 14.3x. This compares to an average P/E of 18x in the Luxury industry in India. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₹42.20, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 20x in the Luxury industry in India. Announcement • Sep 19
Silgo Retail Limited to Report Q4, 2020 Results on Jun 25, 2020 Silgo Retail Limited announced that they will report Q4, 2020 results on Jun 25, 2020