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Silgo Retail Ltd
(SILGO)
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Rating:54Neutral
Price Target:―
Action:Reiterated
Date:09/06/26
The score is primarily held back by weak earnings quality and elevated cash-flow risk (repeated negative operating cash flow, including a large FY2026 outflow) and a recent revenue decline. Offsetting factors include improving reported margins and moderate leverage, but valuation appears relatively rich (P/E ~29) and technical signals are unavailable.
Positive Factors
Margin Expansion
Net and EBIT margin expansion through FY2026 indicates stronger reported operating economics and better earnings conversion at the profit-line level. If maintained, the improved margin base can provide greater resilience and internal funding capacity even when sales growth is uneven.
Negative Factors
Weak Cash Conversion
Operating cash flow was negative in FY2026 and in FY2025 and FY2022–FY2021 despite positive reported earnings. Repeated failure to translate accounting profits into cash weakens earnings quality and may reflect elevated working-capital needs or other cash outflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
Net and EBIT margin expansion through FY2026 indicates stronger reported operating economics and better earnings conversion at the profit-line level. If maintained, the improved margin base can provide greater resilience and internal funding capacity even when sales growth is uneven.
Read all positive factors
Silgo Retail Ltd (SILGO) vs. iShares MSCI India ETF (INDA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)29.2
Beta (1Y)N/A
Revenue Growth9.39%
EPS Growth1.66%
CountryIN
Employees20
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)2.40
Shares Outstanding31,985,888
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-14.68
Price to Book (P/B)1.25
Price to Sales (P/S)3.67
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Silgo Retail Ltd Business Overview & Revenue Model
Company Description
Silgo Retail Limited, founded in 2016 and based in Jaipur, India, operates a comprehensive business model within the silver jewelry sector. The company's operations encompass the conceptualization, manufacturing, and subsequent commercialization o...
Silgo Retail Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 482.09M | 470.34M | 443.75M | 350.34M | 340.71M | 348.20M |
| Gross Profit | 126.74M | 100.33M | 64.81M | 64.58M | 56.07M | 57.25M |
| EBITDA | 112.51M | 88.18M | 62.74M | 55.23M | 51.70M | 45.27M |
| Net Income | 67.12M | 56.97M | 44.78M | 31.52M | 23.52M | 23.06M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.62B | 644.59M | 633.36M | 521.13M | 511.87M |
| Cash, Cash Equivalents and Short-Term Investments | 8.32M | 8.32M | 8.48M | 86.21M | 160.00K | 439.62K |
| Total Debt | 0.00 | 201.78M | 0.00 | 67.89M | 187.18M | 191.91M |
| Total Liabilities | -1.38B | 238.63M | 60.14M | 92.53M | 213.75M | 227.91M |
| Stockholders Equity | 1.38B | 1.38B | 584.45M | 540.84M | 307.38M | 283.96M |
Cash Flow | ||||||
| Free Cash Flow | -515.73M | 0.00 | -8.06M | 15.58M | 23.68M | -7.99M |
| Operating Cash Flow | -515.73M | -682.44M | -8.06M | 15.58M | 23.78M | -7.89M |
| Investing Cash Flow | -2.23M | -255.63M | 0.00 | 18.00K | -97.00K | 135.49K |
| Financing Cash Flow | 520.15M | 937.90M | -69.66M | 70.45M | -23.97M | 7.19M |
Silgo Retail Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ― | 29.15 | ― | ― | 9.39% | 1.66% | |
53 Neutral | ₹1.86B | 19.19 | ― | 0.65% | 0.34% | 26.39% | |
53 Neutral | ₹1.99B | -5.51 | ― | 0.47% | -11.34% | 7.18% | |
46 Neutral | ₹2.14B | 77.68 | ― | 0.44% | -31.56% | -47.39% | |
42 Neutral | ₹2.55B | -1.03 | ― | ― | -0.49% | 6.19% |
* General Sector Average
IN:SILGO
Silgo Retail Ltd
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―
―
IN:FRETAIL
Future Retail Ltd.
―
―
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Silgo Retail Ltd Corporate Events
Silgo Retail Board Clears Asset Charges, Guarantees and EGM for Governance Changes
Jul 24, 2026
Silgo Retail Ltd’s board has approved the creation of pledges, charges, mortgages and other encumbrances on company assets, along with the extension of guarantees under Section 180(1)(a) of the Companies Act, 2013, signalling readiness to le...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.