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 24.4
- 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
- Debtor days have increased from 29.7 to 46.5 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
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 | 5,442 | |
| 765 | 1,117 | 1,668 | 3,351 | 5,085 | |
| Operating Profit | 20 | 37 | 78 | 197 | 357 |
| OPM % | 3% | 3% | 4% | 6% | 7% |
| 11 | 1 | 4 | 33 | 25 | |
| Interest | 8 | 11 | 21 | 45 | 66 |
| Depreciation | 1 | 1 | 6 | 11 | 12 |
| Profit before tax | 22 | 25 | 54 | 174 | 303 |
| Tax % | 22% | 26% | 25% | 24% | |
| 17 | 19 | 40 | 133 | 229 | |
| EPS in Rs | 1.58 | 1.73 | 3.06 | 9.04 | 15.06 |
| Dividend Payout % | 0% | 12% | 3% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 65% |
| TTM: | 81% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 136% |
| TTM: | 112% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 109% |
| 3 Years: | 122% |
| 1 Year: | 14% |
| 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)-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.