Sky Gold Ltd

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

Sky Gold Ltd

₹ 3,259 5.00%
14 Nov 4:01 p.m.
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 ₹ 4,773 Cr.
  • Current Price ₹ 3,259
  • High / Low ₹ 3,687 / 828
  • Stock P/E 59.3
  • Book Value ₹ 254
  • Dividend Yield 0.00 %
  • ROCE 18.7 %
  • ROE 23.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 12.8 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
284 218 313 304 267 270 376 396 460 513 723 769
279 208 305 299 255 258 357 381 442 488 686 730
Operating Profit 6 9 8 4 12 12 19 15 18 25 37 39
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 10
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 46
Tax % 34% 19% 17% 54% 28% 23% 25% 25% 25% 25% 25% 20%
3 4 5 1 6 6 11 7 9 14 21 37
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 26.88
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 TTM
786 1,154 1,745 2,466
765 1,117 1,668 2,346
Operating Profit 20 37 78 119
OPM % 3% 3% 4% 5%
11 1 4 23
Interest 8 11 21 29
Depreciation 1 1 6 8
Profit before tax 22 25 54 105
Tax % 22% 26% 25%
17 19 40 80
EPS in Rs 15.84 17.32 30.58 60.03
Dividend Payout % 0% 12% 3%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 88%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 165%
Stock Price CAGR
10 Years: %
5 Years: 105%
3 Years: 225%
1 Year: 267%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 11 13 14
Reserves 71 87 225 334
92 146 310 468
6 8 37 58
Total Liabilities 175 252 586 874
8 9 35 86
CWIP 0 0 1 5
Investments 45 68 91 86
122 175 459 697
Total Assets 175 252 586 874

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
-7 -6 -138
-2 -20 -106
10 43 239
Net Cash Flow 1 17 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 21 21
Inventory Days 36 28 59
Days Payable 1 0 1
Cash Conversion Cycle 55 49 80
Working Capital Days 54 48 74
ROCE % 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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