Shares of this small-cap company, known for designing, manufacturing, and marketing gold jewellery, jumped 5 percent on Friday after it announced a topline revenue guidance of Rs.3,300 crores for FY25, indicating robust growth prospects for the upcoming financial year.
Price Variation
During Monday’s trading session, Sky Gold Ltd‘s shares reached an intra-day high of Rs.4,030.00 per share, rising 4.5 percent from its previous close of Rs.3,854.45 per share. Over the past five years, the shares have delivered over 1,700 percent returns.
Management Guidance
Sky Gold has set a revenue target of Rs.3300 crores for FY25, with Rs.2700 crores expected from its core operations and an additional Rs.600 crores from recently acquired subsidiaries.
For the upcoming quarter, the company anticipates a blended revenue of around Rs.1000 crores, with Rs.700-750 crores from the parent company and Rs.150-350 crores from the subsidiary.
Sky Gold also expects to reach a volume of 350 kgs per month for FY25, with plans to increase this to 550-600 kgs per month by FY26. The company conservatively projects a gross margin of 6.5 percent and an EBITDA margin in the range of 5 percent to 5.5 percent.
Revenue and Manufacturing Facility
Sky Gold Ltd. generates 9 percent of its revenue from exports and 91 percent from the domestic market. The company operates a manufacturing facility spanning 81,000 sqft with an annual production capacity of 9 tonnes. Its products are available through reputed Indian and international corporates and distributors, reaching 2,000 retail outlets across India and over 500 outlets globally.
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Financial Performance
In its recent financial update for the quarter ending September 2024, Sky Gold Ltd reported revenue from operations of Rs.769 crore, reflecting a 94 percent incline from Rs.396 crore in Q2 FY24. Moreover, net profits increased significantly by 428 percent to Rs.37 crore from profits of Rs.7 crore in the same period.
Shareholding Pattern
As per the October 2024 shareholding pattern, the promoters of Sky Gold Ltd hold a 58.24 percent stake, while Foreign Institutional Investors hold a 1.38 percent stake. Domestic Institutional Investors and Retail investors hold a stake of 6.31 percent and 34.07 percent, respectively in the company.
Company Overview
Sky Gold Ltd. is a well-established name in the Indian jewellery industry, focusing on the design, production, and distribution of 22 Karat gold jewellery. Unlike conventional jewellery companies, Sky Gold mainly functions as a B2B (business-to-business) supplier, providing its products to retailers instead of selling directly to consumers.
Written by – Siddesh S Raskar
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Shares of this small-cap company, known for designing, manufacturing, and marketing gold jewellery, jumped 5 percent on Friday after it announced a topline revenue guidance of Rs.3,300 crores for FY25, indicating robust growth prospects for the upcoming financial year. Price Variation During Monday’s trading session, Sky Gold Ltd‘s shares reached an intra-day high of Rs.4,030.00
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