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 ₹ 14,340 Cr.
- Current Price ₹ 926
- High / Low ₹ 1,084 / 285
- Stock P/E 59.6
- Book Value ₹ 72.0
- Dividend Yield 0.00 %
- ROCE 23.7 %
- ROE 23.9 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 133% CAGR over last 5 years
- Company's median sales growth is 46.9% of last 10 years
Cons
- Stock is trading at 13.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 183 | 164 | 549 | 807 | 722 | 796 | 786 | 1,154 | 1,745 | 2,925 | 4,708 | 5,338 | |
| 84 | 179 | 160 | 541 | 797 | 709 | 785 | 765 | 1,117 | 1,668 | 2,758 | 4,381 | 4,972 | |
| Operating Profit | 1 | 5 | 5 | 8 | 10 | 13 | 11 | 20 | 37 | 78 | 167 | 327 | 365 |
| OPM % | 0.6% | 2.5% | 2.8% | 1.4% | 1.3% | 1.8% | 1.3% | 2.6% | 3.2% | 4.5% | 6% | 7% | 7% |
| 0 | 0 | 0 | 0 | 1 | 1 | 2 | 11 | 1 | 4 | 29 | 28 | 32 | |
| Interest | 0 | 3 | 3 | 3 | 6 | 6 | 6 | 8 | 11 | 21 | 40 | 63 | 68 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 6 | 10 | 6 | 6 |
| Profit before tax | 1 | 1 | 1 | 4 | 4 | 8 | 6 | 22 | 25 | 54 | 146 | 285 | 323 |
| Tax % | 0% | 35% | 35% | 34% | 32% | 23% | 21% | 22% | 26% | 25% | 24% | 25% | |
| 1 | 1 | 1 | 3 | 3 | 6 | 5 | 17 | 19 | 40 | 111 | 213 | 241 | |
| EPS in Rs | 0.10 | 0.12 | 0.12 | 0.33 | 0.28 | 0.54 | 0.45 | 1.58 | 1.73 | 3.06 | 7.58 | 13.74 | 15.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 3% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 43% |
| 3 Years: | 60% |
| TTM: | 77% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 72% |
| 5 Years: | 133% |
| 3 Years: | 125% |
| TTM: | 97% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 152% |
| 3 Years: | 139% |
| 1 Year: | 161% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 22% |
| 3 Years: | 23% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 961 |
| 19 | 24 | 25 | 52 | 49 | 59 | 73 | 92 | 146 | 330 | 517 | 644 | |
| 1 | 1 | 1 | 1 | 1 | 3 | 1 | 6 | 8 | 11 | 36 | 103 | |
| Total Liabilities | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 586 | 1,220 | 1,863 |
| 1 | 1 | 1 | 4 | 4 | 4 | 5 | 8 | 9 | 35 | 40 | 47 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 2 | 0 | 10 | 21 | 25 | 45 | 68 | 91 | 272 | 489 |
| 25 | 34 | 34 | 62 | 78 | 84 | 96 | 122 | 175 | 459 | 908 | 1,326 | |
| Total Assets | 26 | 35 | 37 | 66 | 92 | 109 | 126 | 175 | 252 | 586 | 1,220 | 1,863 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -1 | 3 | 10 | -13 | 6 | -5 | -7 | -6 | -158 | -110 | -24 | |
| 0 | -1 | -2 | -11 | -10 | -11 | -4 | -2 | -20 | -106 | -305 | -65 | |
| 0 | 2 | -1 | -3 | 19 | 4 | 9 | 10 | 43 | 259 | 409 | 84 | |
| Net Cash Flow | 0 | -0 | 0 | -5 | -4 | -1 | 0 | 1 | 17 | -5 | -6 | -5 |
| Free Cash Flow | 0 | -2 | 3 | 8 | -14 | 5 | -7 | -8 | -9 | -178 | -211 | -64 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 0% | -16% | 82% | 145% | -110% | 55% | -29% | -20% | 2% | -186% | -47% | 16% |
Ratios
Standalone / View Consolidated
| Mar 2013 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 65 | 32 | 20 | 14 | 24 | 11 | 20 | 21 | 21 | 40 | 39 |
| Inventory Days | 2 | 44 | 20 | 18 | 32 | 36 | 28 | 59 | 41 | 41 | ||
| Days Payable | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 3 | 7 | ||
| Cash Conversion Cycle | 91 | 66 | 76 | 20 | 33 | 41 | 43 | 55 | 49 | 80 | 78 | 73 |
| Working Capital Days | 104 | 24 | 18 | 3 | 12 | 11 | 13 | 20 | 6 | 14 | 15 | 33 |
| ROCE % | 12% | 14% | 13% | 14% | 9% | 13% | 17% | 18% | 19% | 24% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing Capacity tonnes/year |
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| Export Revenue Mix % of revenue |
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| Gold Volume Processed kg/month |
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| Number of Permanent Employees count |
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| Advance Gold Business Mix % of volume |
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Extracted by Screener AI
Documents
Announcements
- Notice Calling The 1St Extra-Ordinary General Meeting For FY 2026-27 Scheduled To Be Held On Wednesday, 18Th November, 2026.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('SEBI LODR') For Grant Of Options Under Sky Gold Limited - Employee Stock Option Plan 2024 ('SKY GOLD - ESOP 2024')
- NRC approved grant of 3,480 employee stock options under SKY GOLD–ESOP 2024 on 27 October 2026.
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Announcement under Regulation 30 (LODR)-Raising of Funds
- Board approved up to ₹1,800 crore QIP, November 18 EGM, Q2 results, and reported ₹735.49 lakh fraud loss.
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Unaudited Standalone And Consolidated Financial Results For The Quarter And Half-Year Ended 30Th September 2026 And The Limited Review Report Thereon.
- Board approved up to ₹1,800 crore QIP, H1 FY27 results, EGM on 18 Nov, and Purvi Gems acquisition.
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Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company Held On 27Th October, 2026.
- Board approved up to ₹1,800 crore QIP, Q2 FY27 results, and disclosed ₹735.49 lakh fraud loss.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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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 2024Transcript
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Nov 2024Transcript PPT
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Aug 2024Transcript
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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 2023REC
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May 2023Transcript
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Feb 2023Transcript
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.