Sky Gold 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 ₹ 1,426 Cr.
- Current Price ₹ 1,080
- High / Low ₹ 1,300 / 247
- Stock P/E 43.3
- Book Value ₹ 87.1
- Dividend Yield 0.19 %
- ROCE 17.5 %
- ROE 21.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 47.9% CAGR over last 5 years
Cons
- Stock is trading at 12.2 times its book value
- Promoter holding has decreased over last quarter: -0.76%
* 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.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 183 | 164 | 549 | 807 | 722 | 796 | 786 | 1,154 | 1,502 | |
| 84 | 179 | 160 | 541 | 797 | 709 | 785 | 765 | 1,117 | 1,438 | |
| Operating Profit | 1 | 5 | 5 | 8 | 10 | 13 | 11 | 20 | 37 | 64 |
| OPM % | 1% | 3% | 3% | 1% | 1% | 2% | 1% | 3% | 3% | 4% |
| 0 | 0 | 0 | 0 | 1 | 1 | 2 | 11 | 1 | 2 | |
| Interest | 0 | 3 | 3 | 3 | 6 | 6 | 6 | 8 | 11 | 18 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 5 |
| Profit before tax | 1 | 1 | 1 | 4 | 4 | 8 | 6 | 22 | 25 | 44 |
| Tax % | 0% | 35% | 35% | 34% | 32% | 23% | 21% | 22% | 26% | |
| 1 | 1 | 1 | 3 | 3 | 6 | 5 | 17 | 19 | 33 | |
| EPS in Rs | 3.79 | 4.70 | 4.70 | 3.33 | 2.85 | 5.44 | 4.50 | 15.84 | 17.32 | 29.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 16% |
| 3 Years: | 17% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 48% |
| 3 Years: | 47% |
| TTM: | 101% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 126% |
| 1 Year: | 221% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 21% |
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 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 4 | 5 | 5 | 5 | 5 | 11 | 11 |
| Reserves | 5 | 9 | 10 | 10 | 36 | 42 | 47 | 71 | 87 | 103 |
| 19 | 24 | 25 | 52 | 49 | 59 | 73 | 92 | 146 | 192 | |
| 1 | 1 | 1 | 1 | 1 | 3 | 1 | 6 | 8 | 14 | |
| Total Liabilities | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 320 |
| 1 | 1 | 1 | 4 | 4 | 4 | 5 | 8 | 9 | 33 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 2 | 0 | 10 | 21 | 25 | 45 | 68 | 75 |
| 25 | 34 | 34 | 62 | 78 | 84 | 96 | 122 | 175 | 212 | |
| Total Assets | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 320 |
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 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | -1 | 3 | 10 | -13 | 6 | -5 | -7 | -6 | |
| 0 | -1 | -2 | -11 | -10 | -11 | -4 | -2 | -20 | |
| 0 | 2 | -1 | -3 | 19 | 4 | 9 | 10 | 43 | |
| Net Cash Flow | 0 | -0 | 0 | -5 | -4 | -1 | 0 | 1 | 17 |
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 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 65 | 32 | 20 | 14 | 24 | 11 | 20 | 21 |
| Inventory Days | 2 | 44 | 20 | 18 | 32 | 36 | 28 | ||
| Days Payable | 0 | 0 | 0 | 1 | 0 | 1 | 0 | ||
| Cash Conversion Cycle | 91 | 66 | 76 | 20 | 33 | 41 | 43 | 55 | 49 |
| Working Capital Days | 104 | 66 | 74 | 37 | 34 | 41 | 44 | 54 | 48 |
| ROCE % | 12% | 14% | 13% | 14% | 9% | 13% | 18% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
19h - Secretarial Compliance Report for the Financial Year ended 31st March 2024.
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 18 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - DP) Regulations, 2018, Please find herewith the enclosed certificate received from Link Intime India Private Limited (RTA) for the Quarter ended 31st March 2024.
- Certificate Under Regulation 40 (9) Of SEBI (Listing Obligation And Disclosure Requirement) Regulations, 2015 For The Financial Year Ended On 31St March, 2024. 13 Apr
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPTREC
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May 2023TranscriptPPT
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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]