Sky Gold 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 ₹ 2,323 Cr.
- Current Price ₹ 1,755
- High / Low ₹ 1,759 / 247
- Stock P/E 57.4
- Book Value ₹ 184
- Dividend Yield 0.11 %
- ROCE 18.7 %
- ROE 23.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 9.52 times its book value
- Promoter holding has decreased over last quarter: -0.76%
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 786 | 1,154 | 1,745 | |
| 765 | 1,117 | 1,668 | |
| Operating Profit | 20 | 37 | 77 |
| OPM % | 3% | 3% | 4% |
| 11 | 1 | 4 | |
| Interest | 8 | 11 | 21 |
| Depreciation | 1 | 1 | 6 |
| Profit before tax | 22 | 25 | 54 |
| Tax % | 22% | 26% | 25% |
| 17 | 19 | 40 | |
| EPS in Rs | 15.84 | 17.32 | 30.58 |
| Dividend Payout % | 0% | 12% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 118% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 81% |
| 3 Years: | 168% |
| 1 Year: | 533% |
| 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 | |
|---|---|---|---|
| Equity Capital | 5 | 11 | 13 |
| Reserves | 71 | 87 | 231 |
| 92 | 146 | 310 | |
| 6 | 8 | 31 | |
| Total Liabilities | 175 | 252 | 586 |
| 8 | 9 | 35 | |
| CWIP | 0 | 0 | 1 |
| Investments | 45 | 68 | 91 |
| 122 | 175 | 459 | |
| Total Assets | 175 | 252 | 586 |
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 % | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4h - Listing Regulations, the Company proposes to schedule certain analyst/Institutional investor meetings in the month of July 2024, other details are enclosed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - The management of the Company will be interacting with the Investors/ Analysts on Monday, 08th July 2024 physically.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - The officials of the Company have interacted in the Analyst/investor Meeting held today i.e. on Tuesday, 02nd July 2024, physically.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Jun - The officials of the Company have interacted in the Analyst/investor Meeting held today i.e. on Friday, 28th June 2024, physically.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
28 Jun - Copy of the transcript of the Earnings Conference call held on Monday, 24th June 2024 on the Audited Standalone and Consolidated Financial Results of the …
Annual reports
Concalls
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPTREC
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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]