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Sky Gold Limited
(SKYGOLD)
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Rating:60Neutral
Price Target:
₹818.00
▲(0.75% Upside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by weak cash generation and elevated leverage despite strong reported growth, while technicals are a key support due to a clear uptrend. A high P/E without a stated dividend yield further limits upside from a risk-adjusted perspective.
Positive Factors
Strong Revenue Growth
Sky Gold's revenue accelerated sharply (Revenue growth ~77%), reflecting robust demand and successful scaling of its B2B jewellery manufacturing. Sustained top-line momentum creates room for operating leverage, funds reinvestment in capacity, and supports longer-term market share gains in trade channels.
Negative Factors
Negative Operating & Free Cash Flow
Persistent negative operating and free cash flow implies reported earnings are not converting to cash, forcing reliance on external funding. This weak cash generation constrains internal reinvestment, raises refinancing and liquidity risk, and increases execution risk if external capital becomes less available.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sky Gold's revenue accelerated sharply (Revenue growth ~77%), reflecting robust demand and successful scaling of its B2B jewellery manufacturing. Sustained top-line momentum creates room for operating leverage, funds reinvestment in capacity, and supports longer-term market share gains in trade channels.
Read all positive factors
Sky Gold Limited (SKYGOLD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹128.15B
Dividend Yield0.7%
Average Volume (3M)82.82K
Price to Earnings (P/E)38.2
Beta (1Y)1.21
Revenue Growth81.40%
EPS Growth101.12%
CountryIN
Employees881
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)21.69
Shares Outstanding154,873,890
10 Day Avg. Volume65,126
30 Day Avg. Volume82,820
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)4.05
Price to Sales (P/S)0.77
P/FCF Ratio-23.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)28
Revenue Forecast (FY)₹86.09B
Sky Gold Limited Business Overview & Revenue Model
Company Description
Sky Gold Limited, an Indian enterprise founded in 2008 and based in Mumbai, specializes in the comprehensive lifecycle of gold and silver jewelry. This includes conceptualizing designs, manufacturing, assembling, cutting, polishing, marketing, and...
How the Company Makes Money
Sky Gold Limited makes money primarily by manufacturing and selling gold jewellery. Its main revenue stream is proceeds from the sale of finished jewellery products, typically through business-to-business channels such as jewellery retailers, whol...
Sky Gold Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.76B | 62.95B | 35.48B | 17.45B | 11.54B | 7.86B |
| Gross Profit | 5.87B | 4.62B | 2.11B | 1.04B | 413.08M | 285.10M |
| EBITDA | 5.52B | 4.71B | 2.29B | 798.99M | 372.69M | 308.47M |
| Net Income | 3.35B | 2.75B | 1.33B | 404.81M | 186.09M | 169.51M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 21.95B | 13.57B | 5.86B | 2.52B | 1.65B |
| Cash, Cash Equivalents and Short-Term Investments | 7.98B | 2.35B | 1.75B | 767.58M | 183.82M | 13.80M |
| Total Debt | 0.00 | 8.69B | 6.36B | 3.30B | 1.46B | 921.36M |
| Total Liabilities | -12.06B | 9.89B | 6.73B | 3.42B | 1.54B | 984.17M |
| Stockholders Equity | 12.06B | 11.99B | 6.84B | 2.44B | 981.35M | 691.90M |
Cash Flow | ||||||
| Free Cash Flow | -2.33B | -2.03B | -4.07B | -1.61B | -180.24M | -82.40M |
| Operating Cash Flow | -1.01B | -1.08B | -3.04B | -1.38B | -157.08M | -76.00M |
| Investing Cash Flow | -749.83M | -1.39B | -1.67B | -1.06B | -197.54M | -20.20M |
| Financing Cash Flow | 1.79B | 2.49B | 4.68B | 2.39B | 432.35M | 108.70M |
Sky Gold Limited Technical Analysis
Positive
811.95
Price Trends
721.53
Positive
606.88
Positive
474.45
Positive
Market Momentum
26.44
Positive
61.55
Neutral
86.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SKYGOLD, the sentiment is Positive. The current price of 811.95 is above the 20-day moving average (MA) of 801.49, above the 50-day MA of 721.53, and above the 200-day MA of 474.45, indicating a bullish trend. The MACD of 26.44 indicates Positive momentum. The RSI at 61.55 is Neutral, neither overbought nor oversold. The STOCH value of 86.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SKYGOLD.
Sky Gold Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹620.32B | 43.25 | ― | 0.42% | 45.75% | 78.91% | |
63 Neutral | ₹56.78B | 9.95 | ― | 0.29% | 41.91% | 165.71% | |
61 Neutral | ₹159.62B | 40.69 | ― | 0.35% | 83.21% | 252.74% | |
60 Neutral | ₹128.15B | 38.17 | ― | 0.70% | 81.40% | 101.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹133.03B | 13.88 | ― | 0.64% | 36.47% | -8.71% | |
53 Neutral | ₹90.31B | 18.64 | ― | ― | 47.77% | 76.71% |
* General Sector Average
IN:SKYGOLD
Sky Gold Limited
827.45
546.00
194.00%
IN:KALYANKJIL
Kalyan Jewellers India Ltd.
600.65
97.95
19.48%
IN:PCJEWELLER
PC Jeweller Ltd.
13.70
0.49
3.71%
IN:PNGJL
P N Gadgil Jewellers Limited
613.50
12.70
2.11%
IN:SENCO
Senco Gold Limited
346.45
-23.29
-6.30%
IN:THANGAMAYL
Thangamayil Jewellery Ltd.
5,135.45
2,971.36
137.30%
Sky Gold Limited Corporate Events
Sky Gold and Diamonds clears unaudited Q1 FY27 results with clean review
Aug 9, 2026
Sky Gold and Diamonds Limited has approved its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, with the board signing off on the numbers at a meeting held on 9 August 2026. The company’s statutory ...
Sky Gold and Diamonds Clears Q1 FY27 Results With Clean Audit Review
Aug 9, 2026
Sky Gold and Diamonds Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, along with the statutory auditors’ limited review reports, which carry an unmodified opi...
Sky Gold and Diamonds Grants ESOPs to Align Staff With Long-Term Growth
Aug 9, 2026
Sky Gold and Diamonds Limited has granted 5,508 stock options to eligible employees under its Employee Stock Option Plan 2024, as approved by the Nomination and Remuneration Committee on 9 August 2026. Each option is convertible into one equity sh...
Sky Gold and Diamonds posts strong Q1, revenue jumps 78% as profits more than double
Aug 9, 2026
Sky Gold and Diamonds opened FY27 with a sharp improvement in operating performance, reporting a 78% year-on-year rise in consolidated revenue to ₹2,012.8 crore for the June quarter and a roughly 2.4-times jump in profit after tax to ₹...
Sky Gold and Diamonds Plans London Investor and Analyst Meetings in June 2026
Jun 1, 2026
Sky Gold and Diamonds Limited has announced that its management will meet investors and analysts in London on 8 and 9 June 2026, in line with disclosure norms under SEBI’s listing regulations. The in-person meetings are intended to facilitat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.