Sky Gold & Diamonds Ltd
Sky Gold & Diamonds Ltd
Consumer DiscretionaryKey Fundamentals
MicrocapJewellery & WatchesConsumer GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Sky Gold & Diamonds Ltd insights
45 extracted metrics + investor summaries across FY22–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.5%
Weaknesses
3- Stock is trading at 10.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -21.8%
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 18d agoSky Gold & Diamonds Ltd is a small-cap jewellery company with a market cap of ~₹9,970 Cr that has delivered exceptional growth — 77% TTM sales growth and 133% TTM profit growth — while maintaining a 3-year ROE of 27%. However, the stock trades at demanding valuations of 35.1x PE and 8.26x book value, and promoter holding has declined by 21.8% over three years.
- TTM revenue growth of 77% indicates strong demand momentum and market share gains in the jewellery segment
- TTM profit growth of 133% significantly outpaces revenue growth, suggesting operating leverage and margin expansion
- 3-year compounded profit CAGR of 145% reflects sustained earnings acceleration, not a one-off quarter
- 3-year ROE of 27% and last year ROE of 29% demonstrate consistent high-quality capital allocation
- 3-year compounded sales CAGR of 76% shows the business has scaled rapidly over a multi-year period
- Stock CAGR of 121% over 1 year and 189% over 3 years reflects strong market recognition of fundamentals
- Company is expected to deliver a good upcoming quarter based on operational trends
- PE ratio of 35.1x is elevated for a consumer discretionary company, leaving limited margin of safety if growth slows
- Price-to-book of 8.26x is significantly above sector average, pricing in substantial future growth that must be delivered
- Promoter holding has decreased by 21.8% over three years, raising concerns about insider confidence and potential dilution
- Despite reporting repeated profits, the company pays negligible dividends (yield 0.31%), offering no income cushion to shareholders
- Limited long-term track record — 5-year and 10-year growth data is unavailable, making it difficult to assess durability through cycles
- Key financial ratios such as debt-to-equity, ROCE, and EPS are not available, reducing transparency for fundamental analysis
- 52-week high and low data showing zero suggests potential data reporting gaps or recent corporate actions that obscure price history
- At ₹9,970 Cr market cap with 35x PE, any deceleration in the 77% revenue growth rate could trigger a sharp de-rating
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 74d ago- 38,839 ESOPs granted to employees May 5
Sky Gold granted 38,839 stock options under ESOP 2024 at an exercise price of Rs. 10 per option, approved on May 5, 2026. Signals confidence in retention and growth.
- 4,704 additional ESOPs granted May 27
Sky Gold granted another 4,704 stock options under ESOP 2024 at Rs. 10 exercise price, vesting after one year. Continued employee incentivization.
- Analyst/investor meet on June 2 Jun 2
Sky Gold held an in-person analyst and investor meeting on June 2, 2026. No UPSI was shared per prior disclosure on May 27.
- Board to consider CEO appointment May 28
Board meeting scheduled for June 9, 2026 to consider appointing Mr. Akash Talesara as CEO. Leadership formalization underway.
- MSKA & Associates appointed auditor May 9
Sky Gold appointed M/s MSKA & Associates LLP (BDO International member) as statutory auditors for the company and three subsidiaries, replacing M/s V J Shah & Co. Shareholder e-voting runs May 28 to June 26, 2026.
- Q4FY26 results board meeting May 15
Board meeting set for May 27, 2026 to approve audited standalone and consolidated financial results for Q4 and full year FY26. Earnings call followed on May 28.
TL;DR: Sky Gold is in an active governance phase — appointing a new CEO, replacing its auditor with a larger firm (BDO network), and granting over 43,500 ESOPs to employees. No financial results or operational negatives have surfaced in this period. The auditor upgrade to MSKA & Associates and potential CEO formalization suggest the company is professionalizing its structure, which is a modest positive signal for a growing consumer discretionary name heading into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 376 | 396 | 460 | 513 | 723 | 769 | 998 | 1,058 | 1,131 | 1,484 | 1,768 | 1,912 | 2,013 |
| Expenses | 357 | 381 | 442 | 488 | 686 | 730 | 941 | 995 | 1,060 | 1,385 | 1,645 | 1,771 | 1,856 |
| Operating Profit | 19 | 15 | 18 | 25 | 37 | 39 | 57 | 63 | 71 | 100 | 122 | 141 | 157 |
| OPM % | 5% | 3.9% | 3.9% | 4.9% | 5% | 5% | 6% | 6% | 6% | 7% | 7% | 7% | 8% |
| Other Income | 1 | 1 | 0 | 2 | 1 | 20 | 7 | 5 | 4 | 8 | 7 | 17 | 8 |
| Interest | 4 | 5 | 5 | 7 | 8 | 10 | 12 | 14 | 13 | 18 | 21 | 27 | 25 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 2 | 3 | 4 | 5 |
| PBT | 14 | 10 | 12 | 18 | 28 | 46 | 49 | 50 | 59 | 88 | 106 | 126 | 135 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 20% | 26% | 24% | 26% | 24% | 24% | 28% | 22% |
| Net Profit | 11 | 7 | 9 | 14 | 21 | 37 | 37 | 38 | 44 | 67 | 81 | 91 | 105 |
| EPS in Rs | 0.99 | 0.68 | 0.68 | 1.03 | 1.6 | 2.69 | 2.49 | 2.6 | 2.93 | 4.33 | 5.2 | 5.44 | 6.67 |
Profit & Loss
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 786 | 1,154 | 1,745 | 3,548 | 6,295 | 7,176 |
| Expenses | 765 | 1,117 | 1,668 | 3,351 | 5,861 | 6,657 |
| Operating Profit | 20 | 37 | 78 | 197 | 434 | 520 |
| OPM % | 2.6% | 3.2% | 4.5% | 6% | 7% | 7% |
| Other Income | 11 | 1 | 4 | 33 | 36 | 40 |
| Interest | 8 | 11 | 21 | 45 | 79 | 91 |
| Depreciation | 1 | 1 | 6 | 11 | 13 | 14 |
| PBT | 22 | 25 | 54 | 174 | 379 | 455 |
| Tax % | 22% | 26% | 25% | 24% | 26% | — |
| Net Profit | 17 | 19 | 40 | 133 | 282 | 343 |
| EPS in Rs | 1.58 | 1.73 | 3.06 | 9.04 | 17.78 | 21.64 |
| Div. Payout % | 0% | 12% | 3% | 0% | 0% | — |
Balance Sheet
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 11 | 13 | 147 | 155 |
| Reserves | 71 | 87 | 231 | 537 | 1,044 |
| Borrowings | 92 | 146 | 330 | 630 | 869 |
| Other Liabilities | 6 | 8 | 11 | 43 | 127 |
| Total Liabilities | 175 | 252 | 586 | 1,357 | 2,195 |
| Fixed Assets | 8 | 9 | 35 | 106 | 376 |
| CWIP | 0 | 0 | 1 | 1 | 0 |
| Investments | 45 | 68 | 91 | 77 | 44 |
| Other Assets | 122 | 175 | 459 | 1,174 | 1,775 |
| Total Assets | 175 | 252 | 586 | 1,357 | 2,195 |
Cash Flow
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Operating | -7 | -6 | -158 | -273 | -45 |
| Investing | -2 | -20 | -106 | -157 | -124 |
| Financing | 10 | 43 | 259 | 427 | 171 |
| Net Cash Flow | 1 | 17 | -5 | -3 | 2 |
| Free Cash Flow | -8 | -9 | -178 | -288 | -140 |
| CFO/OP | -20 | 2 | -186 | -120 | 15 |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 20 | 21 | 21 | 47 | 33 |
| Inventory Days | 36 | 28 | 59 | 44 | 50 |
| Days Payable | 1 | 0 | 1 | 3 | 6 |
| Cash Conversion Cycle | 55 | 49 | 80 | 88 | 77 |
| Working Capital Days | 20 | 6 | 14 | 25 | 28 |
| ROCE % | — | 17% | 18% | 21% | 27% |
Documents
Frequently Asked Questions about Sky Gold & Diamonds Ltd
What does Sky Gold & Diamonds Ltd do?
Where is Sky Gold & Diamonds Ltd (SKYGOLD) listed?
Which sector does Sky Gold & Diamonds Ltd belong to?
What is the market capitalisation of Sky Gold & Diamonds Ltd?
What is the PE ratio of Sky Gold & Diamonds Ltd?
What is the 52-week high and low of Sky Gold & Diamonds Ltd?
Does Sky Gold & Diamonds Ltd pay dividends?
What is the Return on Equity (ROE) of Sky Gold & Diamonds Ltd?
How can I research Sky Gold & Diamonds Ltd on Tapetide?
Company Information
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]