Sky Gold & Diamonds Ltd

Sky Gold & Diamonds Ltd

₹ 371 0.66%
10 Jun - 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 5,443 Cr.
  • Current Price 371
  • High / Low 489 / 118
  • Stock P/E 41.0
  • Book Value 46.6
  • Dividend Yield 0.00 %
  • ROCE 23.4 %
  • ROE 28.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%

Cons

  • Stock is trading at 7.96 times its book value
  • Debtor days have increased from 29.7 to 46.5 days.
  • Promoter holding has decreased over last 3 years: -15.4%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
218 313 304 267 270 376 396 460 513 723 769 998 1,058
208 305 299 255 258 357 381 442 488 686 730 941 995
Operating Profit 9 8 4 12 12 19 15 18 25 37 39 57 63
OPM % 4% 3% 1% 5% 4% 5% 4% 4% 5% 5% 5% 6% 6%
-2 0 0 0 0 1 1 0 2 1 20 7 5
Interest 2 2 2 3 4 4 5 5 7 8 10 12 14
Depreciation 0 0 0 0 0 1 1 2 2 2 2 3 4
Profit before tax 5 6 2 9 8 14 10 12 18 28 46 49 50
Tax % 19% 17% 54% 28% 23% 25% 25% 25% 25% 25% 20% 26% 24%
4 5 1 6 6 11 7 9 14 21 37 37 38
EPS in Rs 0.36 0.49 0.08 0.59 0.57 0.99 0.68 0.68 1.03 1.60 2.69 2.49 2.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
786 1,154 1,745 3,548
765 1,117 1,668 3,352
Operating Profit 20 37 78 196
OPM % 3% 3% 4% 6%
11 1 4 33
Interest 8 11 21 44
Depreciation 1 1 6 11
Profit before tax 22 25 54 174
Tax % 22% 26% 25% 24%
17 19 40 133
EPS in Rs 1.58 1.73 3.06 9.04
Dividend Payout % 0% 12% 3% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 65%
TTM: 103%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 145%
TTM: 233%
Stock Price CAGR
10 Years: %
5 Years: 108%
3 Years: 223%
1 Year: 199%
Return on Equity
10 Years: %
5 Years: %
3 Years: 26%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 11 13 147
Reserves 71 87 231 537
92 146 310 630
6 8 31 43
Total Liabilities 175 252 586 1,357
8 9 35 106
CWIP 0 0 1 1
Investments 45 68 91 77
122 175 459 1,174
Total Assets 175 252 586 1,357

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 54 48 74 86
ROCE % 17% 19% 23%

Shareholding Pattern

Numbers in percentages

Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 62.08% 61.32% 61.32% 62.51% 58.24% 58.18%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.13% 0.04% 0.08% 0.25% 0.86% 0.39%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 6.63% 7.13%
26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 37.79% 38.64% 38.58% 37.24% 34.26% 34.29%
No. of Shareholders 1271782891,7534,6106,56013,57314,43613,76324,46567,11379,872

* 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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Documents

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