Multibagger Share: Sky Gold Limited Share: Sky Gold Limited stands as a stalwart in the manufacturing, production, and promotion of gold jewelry. Operating primarily under a B2B model, this enterprise extends its exquisite creations to mid-tier jewelers and boutique stores. These retailers then make these exquisite pieces available to customers through both online platforms and traditional brick-and-mortar stores.
Sky Gold Limited Share: With a focus primarily on 22-carat gold jewelry, the company’s product range is not only vast but also intricately detailed. To cater to varying customer preferences, Sky Gold crafts diverse designs, often embellished with American diamonds or other precious gemstones. Their client roster boasts prestigious names, including Malabar Gold, Joyalukas, SR Gold, and several other renowned brands.
Financially, Sky Gold’s performance has been commendable. In the first quarter of the current financial year, the company’s sales surged by 20%, reaching INR 376 crores, up from INR 313 crores during the same period last year. Moreover, the operating profit witnessed a substantial leap of 137.5%, hitting INR 19 crores compared to the previous year’s INR 8 crores for the same period. The net profit too showcased a commendable growth of 120%, escalating to INR 11 crores from the previous year’s INR 5 crores.
Over the past year, Sky Gold has delivered an impressive return of 257%, and an astounding 490% over the last three years. Their ROCE and ROE stand at 17.5% and 21.3% respectively. This past Friday, the company’s shares surged by more than 14%, reaching a new 52-week high of INR 537.55. Accompanied by this price surge was a more than 125% increase in trading volume.
Investors are advised to keep a close watch on this trending stock in the coming days, anticipating further growth and opportunities.