SILGO RETAIL LIMITED

Operates in silver jewellery, classified under Gems Jewellery And Watches. Revenue for FY26 stood at Rs 47.03 crore, with profit after tax of Rs 5.70 crore and an EBITDA margin of 18.74%. The cost base is dominated by materials at 90.7% of revenue (Rs 42.64 crore), consistent with a precious-metal business where silver and other inputs are the largest expense; employee cost is just 1.2% of revenue and other operating expenses 4.3%. The company is looking beyond its core silver jewellery line: in June 2026, the board approved acquiring 49% stakes each in two newly incorporated solar energy companies, Terraverde Renewables and Bluesky Renewables (about Rs 49 lakh each in cash), with a call option to take the remaining 51% after a one-year lock-in. A Rs 22.14 crore rights issue (part of a Rs 44.29 crore total issue at Rs 60 per share) was completed during the year, with proceeds earmarked for an SPV, Hare Krishna Creative Realty Private Limited. An inter-corporate deposit of Rs 15 crore from Ashika Credit Capital was also extended by 90 days. Total assets were Rs 161.66 crore with debt-to-equity of 0.15.