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Sky Gold & Diamonds

SKYGOLD NSE
₹927.20 +56.95 (+6.54%)
P/E
42.85
View as Markdown
MCP
Close 4 Nov 2026 ₹927.20 +578.35 +166% 1Y
Start ₹348.85

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
26.90%
Debt to Equity
0.73
EPS (TTM)
₹21.64
Book Value
₹90.75
Market Cap
—
P/E (TTM)
42.85
P/B
10.22
ROE
28.90%
Dividend Yield
0.23%
EBITDA
₹471 Cr
52W High
₹1,083.95
52W Low
₹285.00
Day Range
₹866.15 – ₹934.00
Volume
15,00,985

Peer Comparison

Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches

Sky Gold & Diamonds peer comparison
Titan
₹4,754.4073.27₹4,08,204 Cr26.880.33%37.70%20.50%₹92,417 Cr₹5,760 Cr
Kalyan Jewellers
₹529.0538.06₹52,836 Cr8.660.49%24.80%21.20%₹39,063 Cr₹1,436 Cr
Lalithaa Jewellery Mart
₹366.0519.89₹20,211 Cr4.960.00%40.20%38.00%₹21,635 Cr₹922 Cr
PC Jeweller
₹15.8216.48₹14,560 Cr1.670.00%9.96%9.60%₹3,505 Cr₹775 Cr
Thangamayil Jewellery
₹4,285.9034.07₹14,306 Cr9.410.40%28.10%25.50%₹9,622 Cr₹392 Cr
Sky Gold & Diamonds (this company)
₹927.2042.85₹13,567 Cr10.220.23%28.90%26.90%₹7,176 Cr₹344 Cr
BlueStone Jewellery & Lifestyle
₹690.6599.80₹10,225 Cr5.750.00%1.11%6.78%₹2,912 Cr₹102 Cr
Median 7 companies₹690.6538.06₹14,560 Cr8.660.23%28.10%21.20%₹9,622 Cr₹775 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 98/100

surveillance:ASM1

Category scores

Quality
31
Poor
Returns, margins, earnings quality 22% weight
Valuation
36
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
61
Good
Solvency, leverage, coverage 9% weight
Momentum
98
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%

Weaknesses

3
  • Stock is trading at 13.5 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%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3610
OscillatorsBearish261
Moving AveragesStrong Bullish109

Key readings

RSI (14)
53.19
Neutral
MACD (12,26,9)
9.68
Bearish
SMA (50)
862.69
Bullish
SMA (200)
571.34
Bullish

As of

Analyst Rating

Based on 3 analysts
BUY100%

3 of 3 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
3
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
3Y+76.01%
1Y+77.34%
TTM+81.42%

Net profit

Net profit growth by window
3Y+145.75%
1Y+112.03%
TTM+120.51%

Operating cash flow

Operating cash flow growth by window
3YOutflow widened by ₹39 Cr
1YOutflow narrowed by ₹227 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
3Y+3.72 pp
1Y+1.38 pp
TTM+1.44 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2022₹786 Cr
Mar 2023₹1,154 Cr
Mar 2024₹1,745 Cr
Mar 2025₹3,548 Cr
Mar 2026₹6,292 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2022₹17.00 Cr
Mar 2023₹19.00 Cr
Mar 2024₹40.00 Cr
Mar 2025₹133 Cr
Mar 2026₹282 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹202 Cr +2.7% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

Sky Gold & Diamonds Ltd trades at ₹927.2 as of 2026-11-04 with a market cap of ₹13,567 Cr, a trailing PE of 42.85, and a price-to-book of 10.22. The company has delivered 3-year compounded profit growth of 144% and compounded sales growth of 76%, supported by a 3-year average ROE of 27%, though promoter holding has declined by 21.8% over the last three years and the stock trades at a steep premium to book value.

Bull Case 8
  • Exceptional profit growth: 3-year compounded profit CAGR of 144% and TTM profit growth of 116%, indicating strong and accelerating earnings momentum
  • Robust sales expansion with 3-year compounded sales CAGR of 76% and TTM sales growth of 81%, reflecting sustained top-line traction
  • Consistently high return on equity — 3-year ROE of 27%, 5-year ROE of 26%, and last-year ROE of 29% — well above typical consumer goods benchmarks
  • ROCE of 36.01% as of 2026-11-04 signals efficient deployment of total capital employed, including debt
  • Stock price CAGR of 184% over 1 year, 139% over 3 years, and 157% over 5 years demonstrates sustained wealth creation
  • Debt-to-equity ratio of 0.73 is moderate, suggesting the company has not overleveraged its balance sheet despite rapid growth
  • The company is expected to deliver a good upcoming quarter, pointing to continued near-term earnings visibility
  • EPS TTM of ₹21.64 underpins a real earnings base behind the elevated valuation multiples
Bear Case 8
  • Trailing PE of 42.85 is elevated for a consumer goods company, leaving limited room for earnings disappointment
  • Stock trades at 13.5 times book value (PB of 10.22 on reported basis), pricing in significant future growth that may or may not materialise
  • Promoter holding has decreased by 21.8% over the last three years, which can signal reduced promoter confidence or dilution
  • Despite reporting repeated profits, the company pays a negligible dividend — dividend yield stands at just 0.23% — limiting cash returns to shareholders
  • The stock has already rallied from a 52-week low of ₹285 to ₹927.2, a gain of over 225%, which raises the risk of mean reversion or profit booking
  • The stock sits roughly 14.5% below its 52-week high of ₹1,083.95, indicating it has already faced selling pressure from higher levels
  • Rapid historical stock price appreciation (5-year CAGR of 157%) may attract momentum-driven speculation, increasing volatility risk
  • A debt-to-equity ratio of 0.73, while manageable, means the balance sheet is not debt-free, and rising interest rates could compress margins

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Sky Gold is actively pursuing growth through the ₹9 crore Purvi Gems acquisition to expand into lightweight jewellery and has signalled intent to raise capital via eligible securities. No material headwinds surfaced in recent news. The strategic moves suggest a growth-oriented posture, though clarity on the fundraise size and terms will be key to watch.

Positives 1
  • Purvi Gems acquired for ₹9Cr Oct 7

    Sky Gold completed acquisition of Purvi Gems for ₹9 crore to enter the lightweight jewellery segment, targeting ₹1,600-1,800 crore in revenue.

Neutral 2
  • Plans to raise funds Oct 22

    Sky Gold announced plans to raise funds via eligible securities. Specific details on security type and quantum have not been disclosed.

  • New internal auditor appointed Oct 16

    M/s Doshi Jain & Co. appointed as internal auditor, replacing Ms. Aasna Shah, effective October 16, 2026.

Quarterly Results

₹ Cr
SKYGOLD quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
376
396
460
513
723
769
998
1,058
1,131
1,484
1,768
1,912
2,013
2,391
Expenses
357
381
442
488
686
730
941
995
1,060
1,385
1,645
1,771
1,856
2,201
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
25
Depreciation
1
1
2
2
2
2
3
4
4
2
3
4
5
5
PBT
14
10
12
18
28
46
49
50
59
88
106
126
135
166
Tax %
25%
25%
25%
25%
25%
20%
26%
24%
26%
24%
24%
28%
22%
22%
Net Profit
11
7
9
14
21
37
37
38
44
67
81
91
105
129
EPS (₹)
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
—

Sep 2026: from the results filed on 27 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SKYGOLD profit and loss, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
786
1,154
1,745
3,548
6,292
7,176
Expenses
765
1,117
1,668
3,351
5,856
6,657
Operating Profit
20
37
78
197
436
520
OPM %
2.6%
3.2%
4.5%
6%
7%
7%
Other Income
11
1
4
33
36
40
Interest
8
11
21
45
80
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 (₹)
1.58
1.73
3.06
9.04
17.78
21.64
Div. Payout %
0%
12%
3%
0%
0%
—

Balance Sheet

₹ Cr
SKYGOLD balance sheet, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
11
13
147
155
Reserves
71
87
231
537
1,037
Borrowings
92
146
330
630
869
Other Liabilities
6
8
11
43
134
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

₹ Cr
SKYGOLD cash flow, annual, ₹ crore
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−7
−6
−158
−272
−45
Investing
−2
−20
−106
−157
−124
Financing
10
43
259
426
171
Net Cash Flow
1
17
−5
−3
2
Free Cash Flow
−8
−9
−178
−287
−140
CFO/EBITDA
−20
2
−186
−120
15

Ratios

SKYGOLD financial ratios, annual
Particulars Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
34
ROCE %
—
17%
18%
21%
27%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Sky Gold & Diamonds insights

65 extracted metrics across FY18–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 51.74%
  • Public 20.57%
  • DIIs 12.44%
  • Others 10.55%
  • FIIs 4.70%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Sky Gold & Diamonds

What does Sky Gold & Diamonds Ltd do?
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.
Where is Sky Gold & Diamonds Ltd (SKYGOLD) listed?
Sky Gold & Diamonds Ltd trades as SKYGOLD on the NSE and under code 541967 on the BSE.
Which sector does Sky Gold & Diamonds Ltd belong to?
Sky Gold & Diamonds Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the PE ratio of Sky Gold & Diamonds Ltd?
Sky Gold & Diamonds Ltd trades at a PE ratio of 42.85 as of 4 Nov 2026, on earnings per share of ₹21.64, against a book value of ₹90.75 per share.
What is the 52-week high and low of Sky Gold & Diamonds Ltd?
Over the last 52 weeks Sky Gold & Diamonds Ltd has traded between ₹285 and ₹1,083.95 as of 4 Nov 2026.
Does Sky Gold & Diamonds Ltd pay dividends?
Sky Gold & Diamonds Ltd has a dividend yield of 0.23%.
What is the Return on Equity (ROE) of Sky Gold & Diamonds Ltd?
Sky Gold & Diamonds Ltd reported a return on equity of 28.90%. Its debt-to-equity ratio is 0.73.

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.

Website skygold.co.in
Listed 6 Jan 2023
Face Value ₹10

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