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Sky Gold

₹1299 39.1 | 3.1%

Market Cap ₹1720 Cr.

Stock P/E 44.6

P/B 7.5

Current Price ₹1299

Book Value ₹ 172.9

Face Value 10

52W High ₹1393

Dividend Yield 0.08%

52W Low ₹ 247

Sky Gold Research see more...

Overview Inc. Year: 2008Industry: Diamond & Jewellery

Sky Gold Ltd designs, assembles, cuts, polishes, manufactures, and sells gold and silver jewellery in India. The agency offers earrings, studs, necklaces, bracelets, lockers, chains, kadas, bangles, nostril pins, and leg chains, as well as wedding ceremony and kids jewellery. It also imports, exports, buys, sells, offers, distributes, and wholesales jewellery. Sky Gold Ltd incorporated in 2008 and is based in Mumbai, India.

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Sky Gold Share Price

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Sky Gold Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 284 218 313 304 267 270 376 396 460
Other Income 1 -2 0 0 0 0 1 1 0
Total Income 286 216 313 304 268 270 377 397 461
Total Expenditure 279 208 305 299 255 258 357 381 442
Operating Profit 7 7 8 5 12 12 19 16 18
Interest 2 2 2 2 3 4 4 5 5
Depreciation 0 0 0 0 0 0 1 1 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 5 6 2 9 8 14 10 12
Provision for Tax 2 1 1 1 2 2 4 2 3
Profit After Tax 3 4 5 1 6 6 11 7 9
Adjustments -0 -0 0 0 -0 -0 0 0 0
Profit After Adjustments 3 4 5 1 6 6 11 7 9
Adjusted Earnings Per Share 1.5 3.6 4.9 0.8 5.9 5.7 9.9 6.8 6.8

Sky Gold Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 TTM
Net Sales 786 1154 1502
Other Income 11 1 2
Total Income 796 1155 1505
Total Expenditure 765 1117 1438
Operating Profit 31 38 65
Interest 8 11 18
Depreciation 1 1 4
Exceptional Income / Expenses 0 0 0
Profit Before Tax 22 25 44
Provision for Tax 5 6 11
Profit After Tax 17 19 33
Adjustments 0 0 0
Profit After Adjustments 17 19 33
Adjusted Earnings Per Share 15.8 17.3 29.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 47% 0% 0% 0%
Operating Profit CAGR 23% 0% 0% 0%
PAT CAGR 12% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 260% 93% 70% NA%
ROE Average 21% 22% 22% 22%
ROCE Average 18% 18% 18% 18%

Sky Gold Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023
Shareholder's Funds 77 98
Minority's Interest 0 0
Borrowings 17 15
Other Non-Current Liabilities 3 4
Total Current Liabilities 78 135
Total Liabilities 175 252
Fixed Assets 6 7
Other Non-Current Assets 48 72
Total Current Assets 122 174
Total Assets 175 252

Sky Gold Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 1
Cash Flow from Operating Activities -7 -6
Cash Flow from Investing Activities -2 -20
Cash Flow from Financing Activities 10 43
Net Cash Inflow / Outflow 1 17
Closing Cash & Cash Equivalent 1 18

Sky Gold Ratios

# Mar 2022 Mar 2023
Earnings Per Share (Rs) 15.78 17.32
CEPS(Rs) 16.82 18.65
DPS(Rs) 0 1
Book NAV/Share(Rs) 71.42 91.34
Core EBITDA Margin(%) 2.58 3.17
EBIT Margin(%) 3.78 3.13
Pre Tax Margin(%) 2.76 2.17
PAT Margin (%) 2.16 1.61
Cash Profit Margin (%) 2.3 1.74
ROA(%) 9.68 8.71
ROE(%) 22.09 21.28
ROCE(%) 17.7 17.54
Receivable days 20.2 17.48
Inventory Days 34.55 25.24
Payable days 0.68 0.48
PER(x) 5.85 15.78
Price/Book(x) 1.29 2.99
Dividend Yield(%) 0 0.37
EV/Net Sales(x) 0.24 0.37
EV/Core EBITDA(x) 6.13 11.22
Net Sales Growth(%) 0 46.87
EBIT Growth(%) 0 21.55
PAT Growth(%) 0 9.78
EPS Growth(%) 0 9.78
Debt/Equity(x) 1.19 1.49
Current Ratio(x) 1.57 1.29
Quick Ratio(x) 0.61 0.66
Interest Cover(x) 3.71 3.25
Total Debt/Mcap(x) 0.92 0.5

Sky Gold Shareholding Pattern

# Mar 2021 Sep 2021 Mar 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 73.55 73.55 73.55 73.55 73.55 73.55 73.55 73.55 62.08 61.32
FII 0 0 0 0 0 0 0.01 0 0.13 0.04
DII 0 0 0 0 0 0 0 0 0.02 0
Public 26.45 26.45 26.45 26.45 26.45 26.45 26.45 26.45 37.78 38.64
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 0.68 to 0.48days.
  • Company has reduced debt.

Cons

  • Stock is trading at 7.5 times its book value.

* 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.

Sky Gold News

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