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Sky Gold Limited (SKYGOLD) AI Stock Analysis

IN:SKYGOLD

Sky Gold Limited

(NSE:SKYGOLD)

Select Model
Rating:58Neutral
Price Target:INR 897.00â–²(3.01% Upside)
Action:reiterated
Date:10/29/26

Strong financial performance from revenue and earnings growth is the main driver, tempered by negative cash flows, high valuation and mixed technical signals.

Positive Factors
Revenue GrowthStrong and accelerating revenue growth indicates expanding sales of manufactured gold jewellery through the company’s trade channels. Continued top-line momentum can improve operating scale, broaden customer reach, and provide a foundation for further profit growth over the next several quarters.
Negative Factors
Persistent Negative Cash FlowConsistently negative operating and free cash flow indicates that reported earnings are not converting into internally generated liquidity. This can increase reliance on external funding, limit financial flexibility, and make continued expansion more vulnerable if financing conditions tighten.

Sky Gold Limited (SKYGOLD) vs. iShares MSCI India ETF (INDA)

-50%0%50%100%150%200%250%IN:SKYGOLD+149.31%INDA-10.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 136.78B
Dividend Yield
―
Average Volume (3M)
108.88K
Price to Earnings (P/E)
34.5
Beta (1Y)
1.49
Revenue Growth
73.01%
EPS Growth
106.27%
Country
India
Employees
881
Sector
General
Sector Strength
55
Industry
Luxury Goods

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 se...

How the Company Makes Money

Sky Gold Limited makes money primarily by selling manufactured gold jewellery to trade customers (typically retailers, wholesalers, and other jewellery businesses). Its core revenue stream is the sale of finished gold jewellery (i.e., charging for th...

Sky Gold Limited Financial Statement Overview

Summary

Robust revenue growth accelerating to 103.3% and net income surge to 2.75 billion with improved margins and lower debt-to-equity, offset by negative operating cash flows.

Income Statement

85Very Positive

Balance Sheet

80Positive

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue80.83B62.95B35.48B17.45B11.54B7.86B
Gross Profit6.69B4.62B2.11B1.04B413.08M285.10M
EBITDA6.34B4.71B2.29B798.99M372.69M308.47M
Net Income3.96B2.75B1.33B404.81M186.09M169.51M
Balance Sheet
Total Assets28.94B21.95B13.57B5.86B2.52B1.75B
Cash, Cash Equivalents and Short-Term Investments651.15M2.35B1.75B767.58M183.82M13.80M
Total Debt9.64B8.69B6.36B3.30B1.46B921.36M
Total Liabilities14.72B9.89B6.73B3.42B1.54B984.17M
Stockholders Equity14.05B11.99B6.84B2.44B981.35M691.90M
Cash Flow
Free Cash Flow0-2.03B-4.07B-1.61B-180.24M-82.40M
Operating Cash Flow0-1.08B-3.04B-1.38B-157.08M-76.00M
Investing Cash Flow0-1.39B-1.67B-1.06B-197.54M-20.20M
Financing Cash Flow02.49B4.68B2.39B432.35M108.70M

Sky Gold Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price870.75

Price Trends

50DMA856.67Positive
100DMA737.96Positive
200DMA563.25Positive

Market Momentum

MACD21.76Positive
RSI45.85Neutral
STOCH34.30Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SKYGOLD, the sentiment is Neutral. The current price of 870.75 is below the 20-day moving average (MA) of 940.97, above the 50-day MA of 856.67, and above the 200-day MA of 563.25, indicating a neutral trend. The MACD of 21.76 indicates Positive momentum. The RSI at 45.85 is Neutral, neither overbought nor oversold. The STOCH value of 34.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SKYGOLD.

Sky Gold Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:SKYGOLD against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:PCJEWELLERIN:PCJEWELLER65NeutralINR 150.96B15.03――29.27%3.00%
IN:SENCOIN:SENCO61NeutralINR 48.05B8.41―0.34%41.91%165.71%
IN:SKYGOLDIN:SKYGOLD58NeutralINR 136.87B34.54――73.01%106.27%
IN:KALYANKJILIN:KALYANKJIL56NeutralINR 515.34B35.83―0.50%45.75%78.91%
IN:THANGAMAYLIN:THANGAMAYL56NeutralINR 138.51B35.41―0.40%83.21%252.74%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:PNGJLIN:PNGJL53NeutralINR 82.77B15.65――50.66%63.28%

* General Sector Average

Performance Comparison

0%50%100%150%IN:SKYGOLDIN:KALYANKJILIN:PCJEWELLERIN:PNGJLIN:SENCOIN:THANGAMAYLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:SKYGOLD and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:SKYGOLDSky Gold Limited871.20512.20142.67%
IN:KALYANKJILKalyan Jewellers India Ltd.504.25-16.43-3.15%
IN:PCJEWELLERPC Jeweller Ltd.14.962.9024.05%
IN:PNGJLP N Gadgil Jewellers Limited575.85-89.90-13.50%
IN:SENCOSenco Gold Limited298.80-33.28-10.02%
IN:THANGAMAYLThangamayil Jewellery Ltd.4512.801480.1448.81%

Sky Gold Limited Corporate Events

Sky Gold and Diamonds Plans ₹1,800 Crore Equity Raise, Calls November EOGM

Oct 27, 2026

Sky Gold and Diamonds Limited has approved a plan to raise up to ₹1,800 crore through the issuance of equity shares via qualified institutions placements or other permissible routes, subject to shareholder and regulatory approvals. The board ha...

Sky Gold and Diamonds Plans ₹1,800 Crore Equity Raise, Calls EOGM for Shareholder Nod

Oct 27, 2026

Sky Gold and Diamonds Limited, a listed jewellery manufacturer and marketer based in Navi Mumbai, focuses on gold and diamond products for domestic and institutional buyers, and is traded on BSE and NSE under the symbol SKYGOLD. The company operates...

Sky Gold and Diamonds Schedules Investor Meeting for September 2026

Sep 23, 2026

Sky Gold and Diamonds Limited has announced that its management will meet investors in person on 28 September 2026, as part of its investor engagement activities. The company has clarified that the schedule may change due to exigencies and that no un...

Sky Gold and Diamonds Sets Virtual AGM for 30 September 2026

Sep 5, 2026

Sky Gold and Diamonds Limited has announced that its eighteenth Annual General Meeting will be held on 30 September 2026 at 11:00 a.m. IST via video conferencing and other audio-visual means. The virtual format aligns with regulatory norms and enable...

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 aud...

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 opinio...

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 share...

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 ₹104...

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.

Date of analysis: Oct 29, 2026