Sky Gold Ltd

Sky Gold Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sky Gold Ltd

₹ 3,770 5.00%
21 Nov - close price
skygold.co.in BSE: 541967 NSE: SKYGOLD
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]

Website BSE NSE - BE
  • Market Cap ₹ 5,522 Cr.
  • Current Price ₹ 3,770
  • High / Low ₹ 3,773 / 854
  • Stock P/E 69.3
  • Book Value ₹ 256
  • Dividend Yield 0.00 %
  • ROCE 18.8 %
  • ROE 23.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 67.1% CAGR over last 5 years

Cons

  • Stock is trading at 14.8 times its book value
  • Promoter holding has decreased over last quarter: -3.08%

* 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.

Peer comparison

Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery

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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 Mar 2024 Jun 2024 Sep 2024
284 218 313 304 267 270 376 396 460 513 723 717
279 208 305 299 255 258 357 381 442 488 686 680
Operating Profit 6 9 8 4 12 12 19 15 18 25 37 37
OPM % 2% 4% 3% 1% 5% 4% 5% 4% 4% 5% 5% 5%
1 -2 0 0 0 0 1 1 0 2 1 20
Interest 2 2 2 2 3 4 4 5 5 7 8 9
Depreciation 0 0 0 0 0 0 1 1 2 2 2 2
Profit before tax 5 5 6 2 9 8 14 10 12 18 28 45
Tax % 34% 19% 17% 54% 28% 23% 25% 25% 25% 25% 25% 20%
3 4 5 1 6 6 11 7 9 14 21 36
EPS in Rs 2.93 3.64 4.94 0.83 5.90 5.66 9.93 6.77 6.83 10.28 16.04 26.28
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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 TTM
84 183 164 549 807 722 796 786 1,154 1,745 2,414
84 179 160 541 797 709 785 765 1,117 1,668 2,297
Operating Profit 1 5 5 8 10 13 11 20 37 77 118
OPM % 1% 3% 3% 1% 1% 2% 1% 3% 3% 4% 5%
0 0 0 0 1 1 2 11 1 4 23
Interest 0 3 3 3 6 6 6 8 11 21 29
Depreciation 0 0 0 0 1 0 0 1 1 6 8
Profit before tax 1 1 1 4 4 8 6 22 25 54 104
Tax % 0% 35% 35% 34% 32% 23% 21% 22% 26% 25%
1 1 1 3 3 6 5 17 19 40 80
EPS in Rs 3.79 4.70 4.70 3.33 2.85 5.44 4.50 15.84 17.32 30.58 59.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 12% 3%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 30%
TTM: 84%
Compounded Profit Growth
10 Years: %
5 Years: 67%
3 Years: 135%
TTM: 162%
Stock Price CAGR
10 Years: %
5 Years: 111%
3 Years: 247%
1 Year: 334%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 21%
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 Sep 2024
Equity Capital 0.69 0.99 0.99 4 5 5 5 5 11 13 14
Reserves 5 9 10 10 36 42 47 71 87 225 336
19 24 25 52 49 59 73 92 146 310 373
1 1 1 1 1 3 1 6 8 37 52
Total Liabilities 26 35 37 66 92 109 126 175 252 586 774
1 1 1 4 4 4 5 8 9 35 35
CWIP 0 0 0 0 0 0 0 0 0 1 5
Investments 0 0 2 0 10 21 25 45 68 91 129
25 34 34 62 78 84 96 122 175 459 606
Total Assets 26 35 37 66 92 109 126 175 252 586 774

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
0 -1 3 10 -13 6 -5 -7 -6 -138
0 -1 -2 -11 -10 -11 -4 -2 -20 -106
0 2 -1 -3 19 4 9 10 43 239
Net Cash Flow 0 -0 0 -5 -4 -1 0 1 17 -5

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 Mar 2024
Debtor Days 91 65 32 20 14 24 11 20 21 21
Inventory Days 2 44 20 18 32 36 28 59
Days Payable 0 0 0 1 0 1 0 1
Cash Conversion Cycle 91 66 76 20 33 41 43 55 49 80
Working Capital Days 104 66 74 37 34 41 44 54 48 74
ROCE % 12% 14% 13% 14% 9% 13% 17% 19%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 73.55% 62.08% 61.32% 61.32% 62.51% 58.24%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.13% 0.04% 0.08% 0.25% 1.38%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 6.31%
26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 26.45% 37.79% 38.64% 38.58% 37.24% 34.07%
No. of Shareholders 991271782891,7534,6106,56013,57314,43613,76324,46523,013

* 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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