Silver Oak (India) Ltd.

About

Silver Oak (India) Limited engages in the manufacture and sale of liquor in India. It provides various products, such as whiskey, vodka, rum, gin, tango, etc. The company offers its products under Liberty, Royal Crown, and Mister X brand names. It is also involved in the construction, development, and sale of residential real estate properties. The company was formerly known as Silveroak Blenders & Bottlers Ltd. and changed its name to Silver Oak (India) Limited in March 1996. The company was incorporated in 1984 and is based in Indore, India. Silver Oak (India) Limited operates as a subsidiary of Royal Highland Distilleries Limited.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	0.00	0.00	0.00	0.00	0.00	0.00	1.20	0.00	0.00	0.01	0.00	0.00	0.00
Expenses	0.14	0.21	0.51	0.15	0.29	0.38	1.34	0.27	0.38	0.34	0.37	0.37	0.40
Operating Profit	-0.14	-0.21	-0.51	-0.15	-0.29	-0.38	-0.14	-0.27	-0.38	-0.33	-0.37	-0.37	-0.40
OPM %	—	—	—	—	—	—	-11.67	—	—	-3,300.00	—	—	—
Other Income	0.23	0.23	0.50	0.25	0.21	0.19	0.45	0.18	0.18	1.51	0.11	0.03	0.01
Depreciation	0.02	0.02	0.06	0.02	0.03	0.02	0.06	0.01	0.04	0.08	0.05	0.05	0.05
Interest	0.22	0.21	0.42	0.21	0.20	0.08	0.21	0.19	0.19	0.22	0.18	0.18	0.17
Profit before tax	-0.15	-0.21	-0.49	-0.13	-0.31	-0.29	0.04	-0.29	-0.43	0.88	-0.49	-0.57	-0.61
Tax %	26.67	14.29	0.00	0.00	9.68	-3.45	250.00	0.00	0.00	11.36	0.00	0.00	0.00
Net Profit	-0.15	-0.74	-0.55	-0.13	-0.31	-0.28	-0.06	-0.29	-0.43	0.79	-0.48	-0.57	-0.61
EPS in Rs	-0.58	-1.53	-1.45	-0.58	-0.95	-0.74	-0.47	-0.90	-1.08	0.69	-1.13	-1.27	-1.32

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Sales	0.00	1.20	0.01	0.02	0.01	1.51	0.02	6.06	26.12	21.71
Expenses	0.87	2.38	1.48	1.70	1.62	3.03	1.94	7.20	37.98	21.14
Operating Profit	-0.87	-1.18	-1.47	-1.68	-1.61	-1.52	-1.92	-1.14	-11.86	0.57
OPM %	—	-98.33	-14,700.00	-8,400.00	-16,100.00	-100.66	-9,600.00	-18.81	-45.41	2.63
Other Income	0.89	0.99	1.63	1.29	1.32	3.34	-1.02	-0.50	5.10	7.15
Interest	0.84	0.66	0.75	0.68	0.59	0.65	0.60	0.44	0.51	0.72
Depreciation	0.10	0.13	0.22	0.19	0.19	0.19	0.17	0.11	0.14	0.11
Profit before tax	-0.92	-0.98	-0.81	-1.26	-1.07	0.98	-3.71	-2.19	-7.41	6.89
Tax %	15.22	9.18	12.35	0.00	2.80	48.98	0.81	6.85	-20.51	56.89
Net Profit	-1.47	-1.06	-0.88	-1.12	-1.10	0.50	-3.75	-2.33	-5.90	1.71
EPS in Rs	-3.88	-3.09	-3.03	-3.06	-3.01	0.90	-9.63	-5.75	-9.87	4.51
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Equity Capital	3.79	3.79	3.79	3.79	3.79	3.79	3.79	3.79	3.79	3.79
Reserves	1.03	2.50	3.66	4.81	5.11	6.25	7.87	11.51	13.70	17.69
Borrowings	9.52	8.95	8.44	7.77	6.65	9.19	9.68	7.61	7.09	10.62
Other Liabilities	14.65	13.88	13.31	12.99	12.36	12.14	209.70	210.65	207.69	205.21
Total Liabilities	28.99	29.12	29.20	29.36	27.91	31.37	231.04	233.56	232.27	237.31
Fixed Assets	1.00	1.10	1.29	1.36	1.24	1.44	1.20	1.07	1.41	1.15
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	9.66	10.07	10.06	10.03	8.45	8.45	9.05	8.45	11.86	0.00
Other Assets	18.33	17.95	17.85	17.97	18.22	21.48	220.79	224.04	219.00	236.16
Total Assets	28.99	29.12	29.20	29.36	27.91	31.37	231.04	233.56	232.27	237.31

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Cash from Operating Activity	-0.96	1.46	-1.36	-2.03	2.64	-3.21	0.47	4.25	3.15
Cash from Investing Activity	-0.23	-0.60	1.60	1.03	0.99	5.55	-3.99	-3.78	-5.78
Cash from Financing Activity	-0.20	-0.01	-0.06	0.24	-3.04	-1.25	1.48	0.09	-3.94
Net Cash Flow	-1.38	0.85	0.19	-0.76	0.58	1.09	-2.05	0.56	-6.57
Free Cash Flow	-0.96	1.51	-1.51	-2.33	2.66	-3.64	0.17	4.52	2.75
CFO/OP %	99.00	-136.00	93.00	123.00	-171.00	182.00	-26.00	-384.00	-46.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2019	Mar 2018	Mar 2017
Debtor Days	—	36.50	38,325.00	14,417.50	30,295.00	203.05	110.83	37.73	52.96
Inventory Days	—	141.29	—	—	—	—	83,290.51	—	6,716.40
Days Payable	—	164.84	—	—	—	—	912.50	—	131.49
Cash Conversion Cycle	—	12.95	38,325.00	14,417.50	30,295.00	203.05	82,488.84	37.73	6,637.86
Working Capital Days	—	203.79	-730.00	-36,135.00	17,155.00	452.02	12,426.86	2,828.05	3,073.16
ROCE %	-0.32	-1.26	-0.23	-2.54	-2.55	-1.10	-0.52	-17.30	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	64.71	64.71	64.71	64.71	64.71	64.71	64.71	64.71	64.71	64.71	64.71	64.71
Public	35.29	35.29	35.30	35.29	35.29	35.29	35.29	35.29	35.29	35.29	35.29	35.29
No. of Shareholders	4,185	4,160	4,027	3,346	2,811	2,649	1,598	1,553	1,318	1,205	1,117	1,029