Sky Gold Ltd

₹ 183 7.41%
07 Dec - close price
About

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]

Key Points

Product Portfolio
Rings: Co. manufactures rings of various designs which are without a stud or studded with coloured stones or American Diamonds or a combination thereof.
Bracelets: Co. makes gold bracelets of various designs based on customer specifications and fashion trends.
Bangles: Co. manufacture bangles which are usually studded with American Diamonds and coloured stones and contain intricate designs.
Single hook pendants: These include Fancy Pendants, Religious Pendants, Alphabetical Pendants of a wide range of designs and styles.
Gold earrings: Earrings of varied styles include small, subtle and single studded designs, as well as styles like hanging and colorful stone studded, are made by the co.
Pendant: These sets have recently been in demand especially with the urban population.[1][2]

Revenue in FY20
Net Revenue from Operations decreased by 11% in FY20 as compared to FY19 primarily due to low sales volume.
Exports amount to 2% of revenue
Revenue from major 5 customers: 43% [3][4][5]

  • Market Cap 197 Cr.
  • Current Price 183
  • High / Low 184 / 90.0
  • Stock P/E 21.9
  • Book Value 64.7
  • Dividend Yield 0.00 %
  • ROCE 14.6 %
  • ROE 14.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 57.2% CAGR over last 5 years

Cons

  • Stock is trading at 2.84 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.5% over last 3 years.
  • Earnings include an other income of Rs.10.6 Cr.

* 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.

Loading peers table ...

Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022
323 313 409 269 526 283 502 616
319 308 401 263 522 278 488 604
Operating Profit 4 5 8 6 4 5 15 12
OPM % 1% 2% 2% 2% 1% 2% 3% 2%
0 0 1 0 2 11 -1 1
Interest 2 3 3 3 3 4 4 4
Depreciation 0 0 0 0 0 0 0 0
Profit before tax 2 3 5 3 3 12 9 8
Tax % 33% 26% 21% 25% 15% 19% 26% 26%
Net Profit 1 2 4 3 2 10 7 6
EPS in Rs 0.98 1.79 3.64 2.36 2.14 9.34 6.48 5.75
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
84 183 164 549 807 722 796 786 1,119
84 179 160 541 797 709 785 764 1,092
Operating Profit 1 5 5 8 10 13 11 21 27
OPM % 1% 3% 3% 1% 1% 2% 1% 3% 2%
0 0 0 0 1 1 2 11 -0
Interest 0 3 3 3 6 6 6 9 8
Depreciation 0 0 0 0 1 0 0 1 1
Profit before tax 1 1 1 4 4 8 6 22 18
Tax % 0% 35% 35% 34% 32% 23% 21% 22%
Net Profit 1 1 1 3 3 6 5 17 13
EPS in Rs 3.79 4.70 4.70 3.33 2.85 5.44 4.50 15.81 12.23
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: -1%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: 57%
3 Years: 43%
TTM: 193%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 21%
1 Year: 104%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1 1 1 4 5 5 5 5
Reserves 5 9 10 10 36 42 47 64
19 24 25 52 49 59 73 91
1 1 1 1 1 3 1 4
Total Liabilities 26 35 37 66 92 109 126 165
1 1 1 4 4 4 5 7
CWIP 0 0 0 0 0 0 0 0
Investments 0 0 2 0 10 21 25 35
25 34 34 62 78 84 96 122
Total Assets 26 35 37 66 92 109 126 165

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 -1 3 10 -13 6 -5 -8
0 -1 -2 -11 -10 -11 -4 -2
0 2 -1 -3 19 4 9 11
Net Cash Flow 0 -0 0 -5 -4 -1 0 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 91 65 32 20 14 24 11 20
Inventory Days 2 44 20 18 32 36
Days Payable 0 0 0 1 0 1
Cash Conversion Cycle 91 66 76 20 33 41 43 55
Working Capital Days 104 66 74 37 34 41 44 54
ROCE % 12% 14% 13% 14% 9% 15%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022
73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55
26.45 26.45 26.45 26.45 26.45 26.45 26.45 26.45 26.45 26.45

Documents