The result looks great, they havent paid any tax for this quarter, any reason?
This quarter EPS is greater than the full year EPS of FY17.
I am also finding answer for the same why they r not paying taxes?
@sanjay12354 if u knows?
There is not much growth in top line both qoq and yoy. Only bottom line is improved. Btw, if they shutdown Mumbai plant why sales are at same range since 2006? Also, do we know how much top line and bottom line will be increased with the Mumbai plant back to operations?
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Results are pretty good…
Sky Industries Ltd has informed BSE that the Board Meeting of the Company for the quarter ended March 31, 2018 is scheduled to be held on April 28, 2018, inter alia, to consider the Un-audited Financial Results of the company for the quarter ended March 31, 2018.
Pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 read with the provisions of the Code of Fair Disclosure of the Company, the trading window of the company will be closed from April 20, 2018 to May 02, 2018.
Board will also consider the following matters.
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Adopting the Audited Financial Results ended for Quarter and Year ended Mar 31, 2018, to be released to the stock exchange.(Standalone and Consolidated)
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To Consider Preferential Allotment to the promoter, Mr. Shailesh Shah
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To recommend payment of Final Dividend for the financial year ended March 31, 2018, subject to approval of the members in a General Meeting.
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Appointment of Internal Auditors.
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Appointment of Secretarial Auditors.
sky industries is merging their two manufacturing facilities and shifting to another location, credit rating has been upgraded. Any views or update on this by any friend.
too many positive moves happening in this counter ,
- concalls
- new plant
- management talking about higher margin products
- participation in indian and foreign expos
- orders from defense sector
- land purchase in gujarat for greenfield expansion
- management also taking about 20% yoy growth and 20% margin expansion … debt is still not very high
- They have also gained market share in exports despite competition from china and taiwan , shows that products are good and they don’t need government support to deal against world players
the stock price is still cheap considering the current bull market
Disc - not invested yet but seriously considering
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All I see are green flags in this company. Although hook and loop seems to be a low barrier entry industry, consolidation can happen and these guys have good certifications and higher margin products. The only issue is in their earnings and seems to be very cyclic in nature. I can see 4 cycles already and it seems the fifth one has started. This is a big concern unless there is a valid reason why this cyclic nature should stop or at least be dampened.
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