SKYGOLDConsumer Durables

SKY GOLD AND DIAMONDS LIMITED

Gems, Jewellery And Watches · ISIN INE01IU01018 · BSE 541967 · NSE EQ · FV ₹10
Last price
₹793
+0.09%today
What this company does

SKY GOLD AND DIAMONDS LIMITED operates in Gems, Jewellery And Watches, part of the Consumer Durables sector. It booked ₹2,013 cr of revenue in its latest quarter (Q1 FY27) and kept 5.1% of sales as profit. It is the 6th largest of 9 Gems, Jewellery And Watches companies we track, by market value.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 25–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
53

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet26

How much it owes, and whether earnings cover the interest

Cash quality6

Whether reported profit actually arrives as cash

Growth & consistency100

Whether sales and profit have grown, and how steadily · highest in its sector on what we could measure

Valuation47

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 78% vs last year
Profit up 137% vs last year
Promoters hold 52%
No promoter shares pledged
Strong 34% return on equity
Watch-outs
! Thin 5.1% net margin
! Operating cash flow is negative

What if I invest in SKYGOLD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹793 +0.09%
latest close · 2026-09-17
52-wk low ₹63342 sessions so far52-wk high ₹869
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio29.7Average
LowAverageHigh
P/B ratio10.25High
Below bookModerateHigh
EV / EBITDA20.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity34.5%Strong
WeakFairStrong ▸15%
Return on capital50.4%Strong
WeakFairStrong
Net margin5.1%Decent
ThinDecentStrong
EBITDA margin8.2%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.72Moderate
LowModerateHigh ▸1
Interest cover6.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.77Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹12,286 cr
Book value
₹77
EPS
₹6.67
latest quarter
Net debt
₹861 cr
owes more than its cash
Enterprise value
₹13,147 cr
EBITDA
₹659 cr
annualised
EBIT
₹641 cr
annualised
Operating margin
8.0%
Return on assets
18.8%
Earnings yield
3.36%
P/S
1.53
Sales / share
₹519.9
Tax rate
22.2%
Face value
₹10
Shares
15.5 cr
Working capital
₹713 cr
Current assets
₹1,636 cr
Current liabilities
₹924 cr
Delivery %
47.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹98₹151, midpoint ₹124

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,013 cr
Other Income₹8 cr
Total Income₹2,021 cr
Cost of Materials₹2,006 cr
Purchases of Stock-in-Trade₹74 cr
Inventory Change (±)₹-255 cr
Employee Benefit Expense₹17 cr
Finance Costs₹25 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹14 cr
Total Expenses₹1,886 cr
Profit before Tax₹135 cr
Tax Expense₹30 cr
Net Profit₹105 cr
Net margin on total income5.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,825 cr90.3%
Employee benefit expense₹17 cr0.8%
Finance costs₹25 cr1.3%
Depreciation & amortisation₹5 cr0.2%
Other expenses₹14 cr0.7%
Tax expense₹30 cr1.5%
Profit for the period₹105 cr5.2%
Total income ₹2,021 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,768 cr1,912 cr2,013 cr
Total income1,775 cr1,928 cr2,021 cr
Expenses1,669 cr1,802 cr1,886 cr
Profit before tax106 cr126 cr135 cr
Tax26 cr35 cr30 cr
Net profit (owners' share)80 cr84 cr103 cr
Net margin (owners' share, on revenue)4.6%4.4%5.1%
EPS (₹)5.205.446.67
YoY (latest quarter): total income +77.9% · net profit +136.9%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,195 cr
Shareholder equity
₹1,199 cr
parent shareholders
Total debt
₹869 cr
Cash
₹8 cr
Cash flow · H1 FY26
Operating
₹-101 cr
Investing
₹-75 cr
Financing
₹179 cr
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,841₹4.30 L cr60.4
Kalyan Jewellers India Limited₹581₹60,049 cr43.0
Thangamayil Jewellery Limited₹4,811₹14,953 cr43.9
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
BlueStone Jewellery and Lifestyle Limited₹831₹12,667 cr451.7
SKY GOLD AND DIAMONDS LIMITEDthis company₹793₹12,286 cr29.7
PC Jeweller Limited₹12₹11,992 cr13.4
P N Gadgil Jewellers Limited₹601₹8,158 cr19.4
Ethos Limited₹2,651₹7,093 cr63.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 20 Sep 2023
ActionDetailEx-date
Bonus issue1:916 Dec 2024
Dividend₹1 / share20 Sep 2023
Dividend₹1 / share17 Feb 2023
Bonus issue1:11 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
51.7%
FII / Foreign
2.8%
DII / Domestic
14.2%
Retail / others
31.3%
Promoter stake down 10.8% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE110 Aug 26
short · NSE257 Jul 26
short · NSE4072 Jul 26
Stake changes
SoldDarshan Ramesh Chauhan · promoter→ 53.21% · 72.91 L18 Jun 25
BoughtMotilal oswal Small cap Fund→ 5.03% · 5,00011 Nov 24
BoughtMangesh Ramesh Chauhan · promoter→ 62.51% · 4.18 L5 Sep 24
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 13 Dec 2025
See the official result
1
Appointment of Mr. Virupakshi Kolla (DIN: 11324602) as the Non Executive Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
2.16 cr votes for, 446 against · 0% of mutual funds and other big investors said no
2
To increase the Borrowing Powers of the Company under section 180(1)(c) of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
2.16 cr votes for, 31,480 against · 0% of mutual funds and other big investors said no
3
To Create a charge on the movable and immovable properties of the Company, both present and future under section 180(1)(a) of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
2.16 cr votes for, 31,572 against · 0% of mutual funds and other big investors said no
4
To increase the limits for giving loans or guarantees or providing securities in connection with the loan made to any other body corporate or person or making investments under section 186 of the Companies Act, 2013.
⚑ Passed only because promoters voted yes
Backed by 51% of shareholders other than promotersneeded 75%
1.11 cr votes for, 1.05 cr against · 69% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 51.7% between them · as of 2026-06-30
Mangesh Ramesh Chauhan17.23%
Darshan Ramesh Chauhan16.48%
Mahendra Champalal Chauhan15.13%
Mahendra C Chauhan Huf .0.91%
Dipika Mangesh Chauhan0.46%
Heena Darshan Chauhan0.46%
Mamta Mahendra Chauhan0.46%
Darshan R Chauhan (Huf) .0.30%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹21.1 L raised in Jan 2024 by selling shares to selected investors

As of Jun 2025, the company says it has spent 100% of what it set aside.

Working capital requiremen
100%
₹16.8 L of ₹16.8 L
General Corporate Purpose
100%
₹4.2 L of ₹4.2 L
₹3 cr raised in Aug 2024 by selling shares to large investors

As of Mar 2025, the company says it has spent 100% of what it set aside, leaving ₹0.04 L still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Meeting working capital requirements
100%
₹1 cr of ₹1 cr
Investment in subsidiaries
100%
₹1 cr of ₹1 cr
General corporate purpose
originally ₹19.5 L
budget changed
100%
₹19.6 L of ₹19.6 L
Issue expenses
100%
₹10.4 L of ₹10.5 L

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.