SKY GOLD LTDLong
SkyGold - Glittering in the Sky- Flag Pole Breakout - Abv 370
About Co.
1. Established in 2008 and headquartered in Mumbai, Sky Gold Limited specializes in 22-carat lightweight gold jewelry.
2. Product Range includes plain gold jewelry, studded pieces, and Turkish designs.
3. B2B Model, supplying to major retailers like Malabar Gold, Joyalukkas, Kalyan Jewellers, and more.
4. Over 2,000 retail showrooms across India feature Sky Gold products.
5. State-of-the-art manufacturing facility in Navi Mumbai with an 81,000 sq. ft. space and a 750 kg/month processing capacity.
6. Design library of 500,000+ designs, including rings, bangles, pendants, and earrings.
7. Migrated to NSE and BSE main boards in January 2023.
8. Q2 2024 net profit surged fivefold to ₹36.7 crore, with revenue up 94.2% to ₹768.8 crore.
9. Recent acquisitions of Sparkling Chains & Starmangalsutra boosted market share from 35% to 70%.
10. ₹270 crore fundraise strengthened working capital and expanded market reach.
#Results
SKYGOLD Q3 NET PROFIT AT 36.6 CR V 8.9 CR YOY
REVENUE AT 997 CR V 460 CR
SKYGOLD Q3 EBITDA AT 57 CR V 18.5 CR YOY
MARGINS AT 5.72 % V 4 %
#Analysis
The stock has formed Flag & Pole Breakout & with Excellent results and tailwind in Gold/Jewellery sector, one may ride the stock above 370 for targets of 460+ with SL of 322.
1. Established in 2008 and headquartered in Mumbai, Sky Gold Limited specializes in 22-carat lightweight gold jewelry.
2. Product Range includes plain gold jewelry, studded pieces, and Turkish designs.
3. B2B Model, supplying to major retailers like Malabar Gold, Joyalukkas, Kalyan Jewellers, and more.
4. Over 2,000 retail showrooms across India feature Sky Gold products.
5. State-of-the-art manufacturing facility in Navi Mumbai with an 81,000 sq. ft. space and a 750 kg/month processing capacity.
6. Design library of 500,000+ designs, including rings, bangles, pendants, and earrings.
7. Migrated to NSE and BSE main boards in January 2023.
8. Q2 2024 net profit surged fivefold to ₹36.7 crore, with revenue up 94.2% to ₹768.8 crore.
9. Recent acquisitions of Sparkling Chains & Starmangalsutra boosted market share from 35% to 70%.
10. ₹270 crore fundraise strengthened working capital and expanded market reach.
#Results
SKYGOLD Q3 NET PROFIT AT 36.6 CR V 8.9 CR YOY
REVENUE AT 997 CR V 460 CR
SKYGOLD Q3 EBITDA AT 57 CR V 18.5 CR YOY
MARGINS AT 5.72 % V 4 %
#Analysis
The stock has formed Flag & Pole Breakout & with Excellent results and tailwind in Gold/Jewellery sector, one may ride the stock above 370 for targets of 460+ with SL of 322.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.