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Mumbai-based manufacturer of studded gold jewelry supplied wholesale to other jewelry brands and retailers.
Mumbai-based manufacturer of studded gold jewelry supplied wholesale to other jewelry brands and retailers.
In one line: A B2B jewelry manufacturer, not a retail brand.
Moat: none (process know-how). Manufacturing scale and design capability, but limited pricing power as a B2B supplier.
Headquarters: Mumbai, India · Employees: 881
Size Sky Gold and Diamonds (SKYGOLD.NS) is an India Consumer Discretionary company (Other Consumer Specialties) with a market value of $1.56B, the 452nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹951.95 on 6 Nov 2026.
Performance Over six months the shares gained 91.5%, against -5.8% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 73.0% over the last twelve months (peer median +15.2%); the operating margin is 7.3% (peer median 12.1%).
Valuation It trades at 31.5× forward earnings against a peer median of 20.6× (4th most expensive of 16).
Capital Return on invested capital runs 6.8 points above its cost of capital (12.2% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹80.8B | ₹62.9B | ₹35.5B | ₹17.5B | ₹11.5B |
| Revenue growth | — | +77% | +103% | +51% | — |
| Gross profit | ₹6.51B | ₹4.61B | ₹2.09B | ₹821M | ₹413M |
| EBITDA | ₹6.10B | ₹4.36B | ₹1.97B | ₹775M | ₹365M |
| Net income | ₹3.96B | ₹2.75B | ₹1.33B | ₹405M | ₹186M |
| Free cash flow | n/a | -₹2.03B | -₹3.19B | -₹1.99B | -₹180M |
| Capital expenditure | n/a | ₹953M | ₹152M | ₹227M | ₹23.2M |
| Total debt | ₹9.64B | ₹8.69B | ₹6.30B | ₹3.30B | ₹1.46B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sky Gold and Diamonds SKYGOLD.NS | $1.56B | +92% | +73% | 7% | 31.5× | n/a |
| Vaibhav Global VAIBHAVGBL.NS | n/a | -31% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SKYGOLD.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.6% | -0.3% | 3rd highest of 21 |
| 6-month return | +91.5% | -5.8% | 2nd highest of 20 |
| Distance from 52-week high | -12.2% | -30.4% | 6th highest of 21 |
| Revenue growth (TTM) | +73.0% | +15.2% | 3rd highest of 21 |
| Operating margin | 7.3% | 12.1% | 6th lowest of 21 |
| Forward P/E | 31.5× | 20.6× | 4th most expensive of 16 |
| ROIC minus cost of capital | +6.8 pp | +2.9 pp | 9th highest of 20 |
| EV / EBITDA | 25.7× | 16.1× | 3rd most expensive of 15 |
| Net debt / EBITDA | 1.5× | -0.0× | 5th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sky Gold and Diamonds SKYGOLD.NS | India | $1.56B | +92% | +73% | 7% | 31.5× | n/a | n/a |
| Savaria SIS.TO | Canada | $1.53B | +3% | +7% | 14% | 19.9× | 9.3% | +20.8% |
| PC Jeweller PCJEWELLER.NS | India | $1.63B | +67% | +29% | 24% | n/a | n/a | n/a |
| Thangamayil Jewellery THANGAMAYL.NS | India | $1.37B | +1% | +78% | 6% | 29.4× | 28.5% | +36.1% |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 29.7× | n/a | n/a |
| China National Gold Group Gold Jewellery 600916.SS | China | $1.80B | -20% | -9% | 0% | 28.6× | 24.2% | +15.6% |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 124.3× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| Lao Feng Xiang 600612.SS | China | $2.04B | -17% | -40% | 6% | 17.2× | -16.9% | +0.4% |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 20.6× | n/a | n/a |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 10.8× | -11.5% | +23.9% |
| Samsonite 1910.HK | Hong Kong | $2.52B | -6% | +1% | 15% | 10.3× | -12.2% | +18.0% |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | n/a | 26.5% | -25.9% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |
| Timex Group India TIMEX.NS | India | $750M | +90% | +42% | 15% | 60.5× | 25.7% | +41.7% |
| Safari Industries (India) SAFARI.NS | India | $651M | -18% | +14% | 9% | 32.9× | 31.3% | +44.2% |
| Zhou Liu Fu Jewellery 6168.HK | Hong Kong | $632M | -42% | +2% | 19% | 5.0× | n/a | n/a |
| Senco Gold SENCO.NS | India | $556M | -7% | +42% | 9% | 13.6× | n/a | n/a |
| Seiko 8050.T | Japan | $4.71B | +54% | +16% | 11% | 21.0× | 24.4% | +10.6% |
| KDDL KDDL.NS | India | $518M | +64% | +32% | 9% | 17.8× | 33.2% | +31.5% |
| Goldiam International GOLDIAM.NS | India | $505M | +1% | +27% | 20% | n/a | 35.6% | +19.2% |