Sky Gold Ltd

Sky Gold Ltd

₹ 1,044 0.55%
23 Apr - 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
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]

  • Market Cap 1,374 Cr.
  • Current Price 1,044
  • High / Low 1,300 / 247
  • Stock P/E 41.7
  • 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 12.0 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
284.50 217.72 312.72 303.73 267.43 269.92 375.70 395.97 460.44
278.91 208.32 304.63 299.34 255.28 258.24 357.07 380.71 442.40
Operating Profit 5.59 9.40 8.09 4.39 12.15 11.68 18.63 15.26 18.04
OPM % 1.96% 4.32% 2.59% 1.45% 4.54% 4.33% 4.96% 3.85% 3.92%
1.48 -2.10 0.22 0.38 0.13 0.22 0.82 0.89 0.46
Interest 2.05 2.18 1.59 2.47 3.12 3.63 4.16 5.01 4.74
Depreciation 0.31 0.32 0.32 0.38 0.35 0.38 1.03 1.39 1.80
Profit before tax 4.71 4.80 6.40 1.92 8.81 7.89 14.26 9.75 11.96
Tax % 33.55% 18.96% 17.34% 53.65% 28.04% 23.07% 25.18% 25.44% 25.25%
3.14 3.89 5.29 0.89 6.34 6.08 10.67 7.27 8.93
EPS in Rs 2.93 3.64 4.94 0.83 5.90 5.66 9.93 6.77 6.83
Raw PDF

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: 219%
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%

Shareholding Pattern

Numbers in percentages

Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 62.08% 61.32%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.13% 0.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00%
26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 37.79% 38.64%
No. of Shareholders 103102101991271782891,7534,6106,56013,57314,436

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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