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 ₹ 5,030 Cr.
- Current Price ₹ 325
- High / Low ₹ 489 / 246
- Stock P/E 27.2
- Book Value ₹ 66.9
- Dividend Yield 0.00 %
- ROCE 21.2 %
- ROE 25.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Promoter holding has decreased over last quarter: -2.12%
- Debtor days have increased from 29.7 to 46.5 days.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 786 | 1,154 | 1,745 | 3,548 | 4,672 | |
| 765 | 1,117 | 1,668 | 3,351 | 4,380 | |
| Operating Profit | 20 | 37 | 78 | 197 | 292 |
| OPM % | 3% | 3% | 4% | 6% | 6% |
| 11 | 1 | 4 | 33 | 24 | |
| Interest | 8 | 11 | 21 | 45 | 57 |
| Depreciation | 1 | 1 | 6 | 11 | 12 |
| Profit before tax | 22 | 25 | 54 | 174 | 246 |
| Tax % | 22% | 26% | 25% | 24% | |
| 17 | 19 | 40 | 133 | 185 | |
| EPS in Rs | 1.58 | 1.73 | 3.06 | 9.04 | 12.35 |
| Dividend Payout % | -0% | 12% | 3% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| TTM: | 89% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 136% |
| TTM: | 130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 105% |
| 3 Years: | 154% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 11 | 13 | 147 | 155 |
| Reserves | 71 | 87 | 231 | 537 | 882 |
| 92 | 146 | 330 | 630 | 814 | |
| 6 | 8 | 11 | 43 | 91 | |
| Total Liabilities | 175 | 252 | 586 | 1,357 | 1,941 |
| 8 | 9 | 35 | 106 | 328 | |
| CWIP | -0 | 0 | 1 | 1 | 110 |
| Investments | 45 | 68 | 91 | 77 | 78 |
| 122 | 175 | 459 | 1,174 | 1,425 | |
| Total Assets | 175 | 252 | 586 | 1,357 | 1,941 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -7 | -6 | -138 | -273 | |
| -2 | -20 | -106 | -157 | |
| 10 | 43 | 239 | 427 | |
| Net Cash Flow | 1 | 17 | -5 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 20 | 21 | 21 | 47 |
| Inventory Days | 36 | 28 | 59 | 44 |
| Days Payable | 1 | 0 | 1 | 3 |
| Cash Conversion Cycle | 55 | 49 | 80 | 88 |
| Working Capital Days | 20 | 6 | 14 | 25 |
| ROCE % | 17% | 18% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Dec - Sky Gold: In-person analyst/investor meetings on 4–5 Dec 2025 (09:00–19:00 SGT; 10:30–14:30 SGT).
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Dec - Sky Gold & Diamonds to meet analysts/investors in-person on 8–9 December 2025; no UPSI to be shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Nov - The Management of the Company will be interacting with Investors/ Analysts scheduled to be held on Thursday, 4th December, 2025 and Friday, 5th December, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
26 Nov - In-person analyst/investor meeting and plant visit on 26 Nov 2025, 11:00–14:00 with single investor.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 Nov - Pleas find enclosed the transcript of the earning call held on 14th November 2025 on the audited standalone and consolidated financial results for the quarter …
Annual reports
Concalls
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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
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]