Sky Gold & Diamonds Ltd
Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. The co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores who sell these products through online platforms and retail stores. [1] [2] [3]
- Market Cap ₹ 5,536 Cr.
- Current Price ₹ 377
- High / Low ₹ 489 / 118
- Stock P/E 49.8
- Book Value ₹ 45.4
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 24.4 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 80.4% CAGR over last 5 years
Cons
- Stock is trading at 8.31 times its book value
- Debtor days have increased from 27.4 to 39.8 days.
- Promoter holding has decreased over last 3 years: -15.4%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
84 | 183 | 164 | 549 | 807 | 722 | 796 | 786 | 1,154 | 1,745 | 2,925 | |
84 | 179 | 160 | 541 | 797 | 709 | 785 | 765 | 1,117 | 1,668 | 2,759 | |
Operating Profit | 1 | 5 | 5 | 8 | 10 | 13 | 11 | 20 | 37 | 77 | 166 |
OPM % | 1% | 3% | 3% | 1% | 1% | 2% | 1% | 3% | 3% | 4% | 6% |
0 | 0 | 0 | 0 | 1 | 1 | 2 | 11 | 1 | 4 | 29 | |
Interest | 0 | 3 | 3 | 3 | 6 | 6 | 6 | 8 | 11 | 21 | 40 |
Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 6 | 10 |
Profit before tax | 1 | 1 | 1 | 4 | 4 | 8 | 6 | 22 | 25 | 54 | 146 |
Tax % | 0% | 35% | 35% | 34% | 32% | 23% | 21% | 22% | 26% | 25% | 24% |
1 | 1 | 1 | 3 | 3 | 6 | 5 | 17 | 19 | 40 | 111 | |
EPS in Rs | 0.38 | 0.47 | 0.47 | 0.33 | 0.28 | 0.54 | 0.45 | 1.58 | 1.73 | 3.06 | 7.58 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 3% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 55% |
TTM: | 68% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 80% |
3 Years: | 131% |
TTM: | 179% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 109% |
3 Years: | 245% |
1 Year: | 198% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 24% |
Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.69 | 0.99 | 0.99 | 4 | 5 | 5 | 5 | 5 | 11 | 13 | 147 |
Reserves | 5 | 9 | 10 | 10 | 36 | 42 | 47 | 71 | 87 | 231 | 520 |
19 | 24 | 25 | 52 | 49 | 59 | 73 | 92 | 146 | 310 | 517 | |
1 | 1 | 1 | 1 | 1 | 3 | 1 | 6 | 8 | 31 | 36 | |
Total Liabilities | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 586 | 1,220 |
1 | 1 | 1 | 4 | 4 | 4 | 5 | 8 | 9 | 35 | 40 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 0 | 0 | 2 | 0 | 10 | 21 | 25 | 45 | 68 | 91 | 272 |
25 | 34 | 34 | 62 | 78 | 84 | 96 | 122 | 175 | 459 | 908 | |
Total Assets | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 586 | 1,220 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | -1 | 3 | 10 | -13 | 6 | -5 | -7 | -6 | -138 | -111 | |
0 | -1 | -2 | -11 | -10 | -11 | -4 | -2 | -20 | -106 | -305 | |
0 | 2 | -1 | -3 | 19 | 4 | 9 | 10 | 43 | 239 | 410 | |
Net Cash Flow | 0 | -0 | 0 | -5 | -4 | -1 | 0 | 1 | 17 | -5 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 91 | 65 | 32 | 20 | 14 | 24 | 11 | 20 | 21 | 21 | 40 |
Inventory Days | 2 | 44 | 20 | 18 | 32 | 36 | 28 | 59 | 41 | ||
Days Payable | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 3 | ||
Cash Conversion Cycle | 91 | 66 | 76 | 20 | 33 | 41 | 43 | 55 | 49 | 80 | 78 |
Working Capital Days | 104 | 66 | 74 | 37 | 34 | 41 | 44 | 54 | 48 | 74 | 77 |
ROCE % | 12% | 14% | 13% | 14% | 9% | 13% | 17% | 19% | 21% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Sky Gold details Q4 FY25 results, 4x capacity expansion, export growth, advanced gold strategy, and margin improvement plans.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Audio recording of Q4 FY25 earnings call available on company website.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
28 May - Investor/ Analyst Presentation on Audited Financial Results for the quarter and year ended 31st March 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Newspaper extract of Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March 2025, published in Business Standards and Mumbai Lakshadeep …
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
27 May - Audited FY25 financial results approved; new internal auditor appointed; statutory auditor reappointed; acquisition approved.
Annual reports
Concalls
-
Jun 2025Transcript PPT REC
-
Feb 2025Transcript PPT
-
Nov 2024TranscriptPPT
-
Nov 2024Transcript PPT
-
Aug 2024TranscriptPPT
-
Aug 2024Transcript PPT
-
Jun 2024Transcript PPT REC
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023TranscriptNotesPPTREC
-
May 2023TranscriptPPT
-
Feb 2023TranscriptPPT
Product Portfolio
The Company mainly deals in 22 Karat gold jewelry, offering a wide variety of designs to suit the preferences of the end customer. They provide an extensive range of designs and also use studded American diamonds and/or colored stones in many of their jewelry products. [1] The company has exclusive designs across 14 Product categories. Their Fast Moving Segment has an average ticket size of Rs. 50,000. It has an Inhouse ~80 Member Design Team and ~2000-2500 designs being floated every month. The catalogue is exhibited to corporate purchasers every month. It has SKUs of ~3 Lakhs.[2]