BSE:541967

Stock Analysis Report

Executive Summary

Sky Gold Limited designs, assembles, cuts, polishes, manufactures, and sells gold and silver jewelry in India.


Snowflake Analysis

Acceptable track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Sky Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 541967 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.9%

541967

1.1%

IN Luxury

-0.8%

IN Market


1 Year Return

7.1%

541967

18.4%

IN Luxury

11.1%

IN Market

Return vs Industry: 541967 underperformed the Indian Luxury industry which returned 16.6% over the past year.

Return vs Market: 541967 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

541967IndustryMarket
7 Day-4.9%1.1%-0.8%
30 Day-4.9%3.3%-2.3%
90 Dayn/a9.6%2.1%
1 Year7.1%7.1%19.2%18.4%13.1%11.1%
3 Yearn/a54.9%51.5%22.9%16.2%
5 Yearn/a106.1%99.4%34.9%22.6%

Price Volatility Vs. Market

How volatile is Sky Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sky Gold undervalued compared to its fair value and its price relative to the market?

35.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 541967's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 541967's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 541967 is poor value based on its PE Ratio (35.2x) compared to the Luxury industry average (11.1x).

PE vs Market: 541967 is poor value based on its PE Ratio (35.2x) compared to the Indian market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 541967's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 541967 is overvalued based on its PB Ratio (2.4x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Sky Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sky Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Sky Gold performed over the past 5 years?

26.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 541967 has high quality earnings.

Growing Profit Margin: 541967's current net profit margins (0.5%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: 541967's earnings have grown significantly by 26.9% per year over the past 5 years.

Accelerating Growth: 541967's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 541967 had negative earnings growth (-14.6%) over the past year, making it difficult to compare to the Luxury industry average (2.5%).


Return on Equity

High ROE: 541967's Return on Equity (6.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Sky Gold's financial position?


Financial Position Analysis

Short Term Liabilities: 541967's short term assets (₹867.6M) exceed its short term liabilities (₹673.7M).

Long Term Liabilities: 541967's short term assets (₹867.6M) exceed its long term liabilities (₹3.6M).


Debt to Equity History and Analysis

Debt Level: 541967's debt to equity ratio (150.2%) is considered high.

Reducing Debt: 541967's debt to equity ratio has reduced from 264.2% to 150.2% over the past 5 years.

Debt Coverage: 541967's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 541967's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet

Inventory Level: 541967 has a high level of physical assets or inventory.

Debt Coverage by Assets: 541967's debt is covered by short term assets (assets are 1.3x debt).


Next Steps

Dividend

What is Sky Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 541967's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 541967's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 541967's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 541967's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 541967's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Mangesh Chauhan (40yo)

1.6yrs

Tenure

₹1,500,000

Compensation

Mr. Mangesh Ramesh Chauhan is the Managing Director & Chief Financial Officer of Sky Gold Limited since July 19, 2018 and has been its Director since May 07, 2008. Mr. Chauhan is one of the founding member ...


CEO Compensation Analysis

Compensation vs Market: Mangesh's total compensation ($USD20.97K) is below average for companies of similar size in the Indian market ($USD50.21K).

Compensation vs Earnings: Insufficient data to compare Mangesh's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Mangesh Chauhan
MD, CFO & Director1.6yrs₹1.50m24.61% 257.8m
Shivang Goyal
Company Secretary & Compliance Officer1.1yrs₹183.56kno data
Mahendra Chauhan
Whole-Time Director11.8yrs₹1.50m24.47% 256.3m
Darshan Chauhan
Whole-time Director11.8yrs₹1.50m24.47% 256.3m
Surendra Saini
Accounts Head1.5yrsno datano data
Dina Ram
HR & Admin Head1.5yrsno datano data
Vinesh Mehta
Marketing Head1.5yrsno datano data
Dilip Huduk
Design Head1.5yrsno datano data
Akash Rawal
Production Head1.5yrsno datano data

1.5yrs

Average Tenure

40yo

Average Age

Experienced Management: 541967's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mangesh Chauhan
MD, CFO & Director1.6yrs₹1.50m24.61% 257.8m
Mahendra Chauhan
Whole-Time Director11.8yrs₹1.50m24.47% 256.3m
Darshan Chauhan
Whole-time Director11.8yrs₹1.50m24.47% 256.3m
Dilip Gosar
Non-Executive Independent Director1.6yrs₹45.00kno data
Loukik Tipnis
Non-Executive Independent Director1.5yrs₹45.00kno data
Kejal Shah
Additional Independent Director0.3yrsno datano data

1.7yrs

Average Tenure

37.5yo

Average Age

Experienced Board: 541967's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.4%.


Top Shareholders

Company Information

Sky Gold Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sky Gold Limited
  • Ticker: 541967
  • Exchange: BSE
  • Founded: 2008
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹1.048b
  • Shares outstanding: 5.37m
  • Website: https://www.skygold.in

Number of Employees


Location

  • Sky Gold Limited
  • Office No.12A, 13, and 14
  • 1st Floor
  • Mumbai
  • Maharashtra
  • 400002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
541967BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2018

Biography

Sky Gold Limited designs, assembles, cuts, polishes, manufactures, and sells gold and silver jewelry in India. The company offers rings, studs, necklaces, bracelets, lockers, chains, bangles, nose pins, and leg chains, as well as wedding and kids jewelry. It also imports, exports, buys, sells, deals, distributes, and wholesales jewelry. The company was incorporated in 2008 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 13:02
End of Day Share Price2020/02/12 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.