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 ₹ 5,596 Cr.
- Current Price ₹ 361
- High / Low ₹ 404 / 246
- Stock P/E 32.0
- Book Value ₹ 64.3
- Dividend Yield 0.00 %
- ROCE 19.4 %
- ROE 21.8 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 76.3% CAGR over last 5 years
Cons
- Debtor days have increased from 27.4 to 39.8 days.
- Promoter holding has decreased over last 3 years: -21.8%
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 183 | 164 | 549 | 807 | 722 | 796 | 786 | 1,154 | 1,745 | 2,925 | 4,091 | |
| 84 | 179 | 160 | 541 | 797 | 709 | 785 | 765 | 1,117 | 1,668 | 2,758 | 3,820 | |
| Operating Profit | 1 | 5 | 5 | 8 | 10 | 13 | 11 | 20 | 37 | 78 | 167 | 271 |
| OPM % | 1% | 3% | 3% | 1% | 1% | 2% | 1% | 3% | 3% | 4% | 6% | 7% |
| 0 | 0 | 0 | 0 | 1 | 1 | 2 | 11 | 1 | 4 | 29 | 20 | |
| Interest | 0 | 3 | 3 | 3 | 6 | 6 | 6 | 8 | 11 | 21 | 40 | 52 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 6 | 10 | 7 |
| Profit before tax | 1 | 1 | 1 | 4 | 4 | 8 | 6 | 22 | 25 | 54 | 146 | 232 |
| Tax % | 0% | 35% | 35% | 34% | 32% | 23% | 21% | 22% | 26% | 25% | 24% | |
| 1 | 1 | 1 | 3 | 3 | 6 | 5 | 17 | 19 | 40 | 111 | 175 | |
| 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 | 11.47 |
| 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: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 76% |
| 3 Years: | 122% |
| TTM: | 78% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 109% |
| 3 Years: | 122% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 20% |
| 3 Years: | 22% |
| Last Year: | 22% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.69 | 0.99 | 0.99 | 4 | 5 | 5 | 5 | 5 | 11 | 13 | 147 | 155 |
| Reserves | 5 | 9 | 10 | 10 | 36 | 42 | 47 | 71 | 87 | 231 | 520 | 841 |
| 19 | 24 | 25 | 52 | 49 | 59 | 73 | 92 | 146 | 330 | 517 | 653 | |
| 1 | 1 | 1 | 1 | 1 | 3 | 1 | 6 | 8 | 11 | 36 | 48 | |
| Total Liabilities | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 586 | 1,220 | 1,698 |
| 1 | 1 | 1 | 4 | 4 | 4 | 5 | 8 | 9 | 35 | 40 | 39 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 110 |
| Investments | 0 | 0 | 2 | 0 | 10 | 21 | 25 | 45 | 68 | 91 | 272 | 498 |
| 25 | 34 | 34 | 62 | 78 | 84 | 96 | 122 | 175 | 459 | 908 | 1,051 | |
| Total Assets | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 586 | 1,220 | 1,698 |
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 | -158 | -111 | |
| 0 | -1 | -2 | -11 | -10 | -11 | -4 | -2 | -20 | -106 | -305 | |
| 0 | 2 | -1 | -3 | 19 | 4 | 9 | 10 | 43 | 259 | 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 | 24 | 18 | 3 | 12 | 11 | 13 | 20 | 6 | 14 | 15 |
| ROCE % | 12% | 14% | 13% | 14% | 9% | 13% | 17% | 18% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12h - To monetise INR 105 crore land; shift to leased facilities; sale targeted within six months; borrowings to reduce >20%.
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Announcement under Regulation 30 (LODR)-Credit Rating
17 Feb - Ind‑Ra upgraded Sky Gold to IND A/Stable and IND A1; INR4,500 upgraded, INR3,260 assigned (16 Feb 2026).
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 Feb - Copy of the Transcript of the earnings conference call held on Tuesday, 10th February 2026.
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Clarification On Volume Movement Letter
13 Feb - Company clarifies 13 Feb 2026 BSE query on recent volume spike; attributes movement to market forces.
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Clarification sought from Sky Gold And Diamonds Ltd
13 Feb - Exchange has sought clarification from Sky Gold And Diamonds Ltd on February 13, 2026, with reference to Movement in Volume.
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024TranscriptPPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPTREC
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
Business Profile[1]
Sky Gold & Diamonds Limited is a B2B, design-led jewellery manufacturer, focused on lightweight casting gold jewellery. The company operates on an asset-light outsourcing model and supplies jewellery to large organized retailers in India and overseas and does not run its own retail stores.