Sky Gold & Diamonds share price today

Sky Gold & Diamonds Ltd's share price was ₹883.75 at the close on 30 October 2026. It has been rising for 51 weeks. That is 40.4% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 19 weeks in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sky Gold & Diamonds Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹302 and ₹1,061, and at that close it sat 77% of the way up from that low.

Over the last 8.1 years the share price moved +9,676% while the NIFTY 500 moved +150%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 13 quarters in a row (every quarter we can compare), profit up on a year earlier for 13 quarters in a row (every quarter we can compare) and foreign funds (FIIs) raised their stake for 4 quarters in a row.

1. Revenue up on a year earlier for 13 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹2,391 crore, +61.1% on a year earlier.

   Why: Revenue rose because the company sold much more overseas, helped by demand from Indian families living abroad and its Dubai office.

   Next results: check whether money owed from festive sales turns into cash in October and November.

   From the earnings call on 31 Oct 2026.

2. Profit up on a year earlier for 13 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹129 crore, +92.5% on a year earlier.

   Why: Profit rose because more sales came from making jewellery from gold supplied by customers, where the company earns making charges and ties up very little money.

   Next results: check whether studded jewellery sales keep growing and suppliers still give credit, since this mix helped profit.

   From the earnings call on 31 Oct 2026.

3. Foreign funds (FIIs) raised their stake for 4 quarters in a row

   From 0.6% to 4.7% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Sky Gold & Diamonds reported revenue of ₹2,391 crore, up 61.1% from ₹1,484 crore a year earlier, and a profit of ₹129 crore, up 92.5% from ₹67.0 crore.

Sky Gold & Diamonds results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sky Gold & Diamonds' management discussed these results on a call held on 31 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Sky Gold & Diamonds closed at ₹883.75 on 30 October 2026, up 147.5% from ₹357.00 a year earlier (31 October 2025) and up 9,222.3% over five years. Its highest weekly close since October 2018 was ₹1,061.15 on 16 October 2026.

Sky Gold & Diamonds share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

290 weekly closes from 5 October 2018 to 30 October 2026.

31 Oct 2026: Sky Gold & Diamonds held its results call for July to September 2026. Management guided: Past profit margin 5-5.3% remains on track as stated today. 30 Oct 2026: Sky Gold & Diamonds closed at ₹883.75, down 15.7% on the week and up 9.0% on the month.

Earlier

• Results for July to September 2026: Revenue up 61.1% and profit up 92.5% on a year earlier.
• Our read, 31 May 2026: Sky Gold is transitioning from a thin-margin gold wholesaler to a margin-compounding B2B jewellery manufacturer via the advanced-gold (zero-working-capital) mix shift, product mix upgrade to 18KT/9KT/diamond, and a Phase-3 balance-sheet deleveraging that should add ~200 basis points profit margin by FY30.
• 16 Dec 2024: Bonus issue: 9 new shares for every 1 held (ex-date).

Our read of the business

January to March 2026: Exit run-rate ₹7,650 Cr, gross margin 8.45%, working capital 59 days.

Our read after the January to March 2026 results, written 31 May 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Sky Gold & Diamonds paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹1 a share, ex-date 20 September 2023.

Sky Gold & Diamonds dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Sky Gold & Diamonds Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 2 of its last 12 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 31 October 2026, Sky Gold & Diamonds' management guided: Past profit margin 5-5.3% remains on track as stated today.

“Promoters will only take a salary when there are operating cash flows.”Mangesh Chauhan, on the call for July to September 2026

What management guided

• FY30 revenue ₹18,000 crore and profit ₹945 crore framework recalled as tracking.
• FY30 operating cash conversion 20-25% of profit with net debt-free sheet recalled.
• Guidance to be revisited after equity mandate closes given turn-based model.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 31 October 2026.

Three material guidance reversals across 4 concalls undermine forward thesis precision.

The main risks

• Management Guidance Credibility, Three Serial Reversals: Three material guidance reversals across 4 concalls undermine forward thesis precision. ✓ fact
• Gold Price Volatility, Demand Softness and Policy Risk: Government duty increases and import restrictions creating sector-wide demand softness. ✓ fact
• Client Concentration: Top-5 clients account for ~32% of revenue; top-3 account for ~25 to 27%. ✓ fact
• Working Capital and Land Sale Execution Risk: 50% debt reduction thesis depends on land sale execution by Sep 2026, timing slippage risks FY27 guidance. ✓ fact

Our read after the January to March 2026 results, written 31 May 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Sky Gold & Diamonds reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Advance-gold share having above flagged goal through H2 - per mix benefit and working capital commentary.

Sky Gold & Diamonds is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and Gold & silver stocks.

Sky Gold & Diamonds Ltd earned ₹129 Cr of net profit in the Sep 2026 quarter, +92.5% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹282 Cr. Over 10 years profit has grown 75.8% a year on average. That is 5.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹67.0 Cr.

For the full year, FY26 profit was ₹282 Cr (+112.0% on the year before).

Why profit moved: revenue changed +61.1% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +122.4% and revenue +74.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Sky Gold & Diamonds Ltd reported ₹2,391 Cr of revenue in the Sep 2026 quarter, +61.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 42.4% a year on average. The last full year, FY26, came in at ₹6,292 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹8,084 Cr.

FY26 revenue was ₹6,292 Cr, +77.3% on the year before.

Recent pace: the last four quarters grew +74.3% on average, against 42.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +73.1%, against +81.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +118.3%, against +123.9% a year (rolling over).

Sky Gold & Diamonds Ltd's operating margin was 8.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 12 years it has been between 1.0% and 7.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.2 percentage points on the year while gross margin changed +1.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years Sky Gold & Diamonds Ltd's operations used more cash than they brought in, so cash conversion was −104%, a gap worth watching. In FY26 its operations used ₹45.0 Cr of cash, against ₹282 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹282 Cr of spending on assets, free cash was −₹327 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −104% of profit came in as cash: the cash cycle got 34 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 34 days longer. The next section looks at where the cash is stuck.

Sky Gold & Diamonds Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 77 days in FY26, up from 43 days in FY21. It spent ₹397 Cr on assets over the last 3 years. Customers take 33 days to pay, and stock sits for 50 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹6,292 Cr, each day of that cycle ties up about ₹17.2 Cr, so roughly ₹1,327 Cr is tied up in the business at any time.

FY26: customers took 33 days to pay and stock sat for 50 days, about 1.6 months of sales sitting as stock, for a full cycle of 77 days, longer than FY21's 43.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 50 days. Customers pay about 33 days after that. Suppliers are paid at 6 days. Together that makes the 77-day cycle.

Spending on assets: ₹397 Cr over the last 3 years, against ₹30.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Sky Gold & Diamonds Ltd's P/E is 34.1×, in the middle of its own history: higher than 47% of past readings. Its usual P/E (the middle reading) is 35.5×, over 3.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹25.57.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +96.7% while the price moved +147.5%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +134.5% a year; about +126.5% a year came from earnings growth and about +8.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Sky Gold & Diamonds Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 47.5%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Sky Gold & Diamonds Ltd earned a ROCE of 27% in FY26. That is up from a low of 9% in FY21. Its return on capital used (ROIC) is 13.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.5% net margin and 2.87× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 4.5% net margin × 2.87× asset turnover × 1.84× leverage (assets divided by equity) ≈ 23.8% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 25.1% − 12.0% = +13.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 25.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 21.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Sky Gold & Diamonds Ltd has total debt of ₹964 Cr against shareholder equity of ₹1,422 Cr as of Sep 2026, so its debt is 0.68× its equity. Year by year, that ratio went from 1.19 in FY22 to 0.72 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions raised their stake in Sky Gold & Diamonds Ltd by 12.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 12.4% of the company. Promoters moved −10.8 points over the same period, to 51.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +12.4 points over 8 quarters, to 12.4%; Promoters: −10.8 points over 8 quarters, to 51.7%; Foreign institutions: +4.5 points over 8 quarters, to 4.7%.

Why the owners changed: domestic institutions drove it (+12.4 points), with the other side taken by promoters (−10.8 points). They raised their stake step by step.

For Sky Gold & Diamonds Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

71.1 out of 100, rank 2 of 28 in Diamond, Gems & Jewellery, with 100% of the evidence available.

Sky Gold & Diamonds Ltd scores 71.1 out of 100 against the 28 companies it is compared with in Diamond, Gems & Jewellery, ranking 2. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.

The four parts add up to the total exactly: 29.1 + 18.8 + 6.9 + 16.3 = 71.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Sky Gold & Diamonds ranks 2 of 28 Diamond, Gems & Jewellery companies on the 4-Factor Sector Score, with 71.1 out of 100.