# Sky Gold & Diamonds share price today (Sky Gold & Diamonds Ltd, NSE: SKYGOLD)

> Sky Gold & Diamonds share price today: ₹927.20 at the NSE close on 4 November 2026, up 163.6% in a year. Sky Gold & Diamonds (NSE: SKYGOLD) is worth ₹14,363 crore, trades at a P/E of 35.8 and has closed between ₹301.85 and ₹1,061.15 over the past 52 weeks. > Sky Gold & Diamonds Ltd is reporting record margins. SKYGOLD · Diamond, Gems & Jewellery · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/sky-gold-diamonds-ltd

Sky Gold & Diamonds is one of the companies compared in a full read in the Sector Alpha newsletter: https://newsletter.sectoralpha.in/p/why-jewellery-stocks-are-beating?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹927.20 (+163.6% in a year)
- P/E: 35.8× (higher than 52% of the last 3.7 years)
- Revenue (Sep 2026): ₹2,391 Cr (+61.1% on a year ago)
- Profit (Sep 2026): ₹129 Cr (+92.5% on a year ago)
- Operating margin: 8.0% (+1.0 points on a year ago)
- ROCE: 27%, FY26
- ROIC: 25.1%, against a 12.0% cost of capital: +13.1 points

The main question: profits are rising, but only −104% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Sky Gold & Diamonds share price today? Sky Gold & Diamonds Ltd's share price was ₹927.20 at the close on 4 November 2026. It has been rising for 51 weeks. That is 47.3% 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 20 weeks in a row. In the last 52 weeks it traded between ₹302 and ₹1,061, and at that close it sat 82% of the way up from that low. Over the last 8.1 years the share price moved +10,157% 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. ## What changed at Sky Gold & Diamonds this quarter? 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. ## What are Sky Gold & Diamonds' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,391 crore | ₹1,484 crore | +61.1% |
| Profit | ₹129 crore | ₹67.0 crore | +92.5% |
| Earnings per share | ₹8.26 | ₹4.33 | +90.8% |
| Operating margin | 8.0% | 7.0% | +1.0 points |

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.)

## What is the Sky Gold & Diamonds share price history? Sky Gold & Diamonds closed at ₹927.20 on 4 November 2026, up 163.6% from ₹351.80 a year earlier (7 November 2025) and up 9,680.6% 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹883.75 | +4.9% |
| 1 month ago · 1 Oct 2026 | ₹810.70 | +14.4% |
| 6 months ago · 8 May 2026 | ₹541.25 | +71.3% |
| 1 year ago · 7 Nov 2025 | ₹351.80 | +163.6% |
| 3 years ago · 3 Nov 2023 | ₹76.06 | +1,119.0% |
| 5 years ago · 12 Nov 2021 | ₹9.48 | +9,680.6% |
| Earliest weekly close in our records · 5 Oct 2018 | ₹9.04 | +10,156.6% |
| Highest weekly close since October 2018, also the 52-week high · 16 Oct 2026 | ₹1,061.15 | −12.6% |
| Lowest weekly close since October 2018 · 14 Oct 2019 | ₹9.00 | +10,202.2% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹301.85 | +207.2% |

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 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (291 weekly closes from 5 October 2018 to 4 November 2026.)

## What is the latest news on Sky Gold & Diamonds? 4 Nov 2026: Sky Gold & Diamonds closed at ₹927.20, up 4.9% on the week and up 14.4% on the month. 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. ### 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.)

## What dividend does Sky Gold & Diamonds pay? 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 20 Sep 2023 | ₹1 | Dividend | same day |
| 17 Feb 2023 | ₹1 | Interim | 18 Feb 2023 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Sky Gold & Diamonds management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/34680-31-Oct-2026.pdf). (From the call for July to September 2026, 31 October 2026.)

## What could change the Sky Gold & Diamonds story? What are the risks? 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.)

## What to watch in Sky Gold & Diamonds' next results? 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. - What to check (from the call)
- Advance-gold share having above flagged goal through H2 - per mix benefit and working capital commentary. - Studded contribution building with supply-chain credit cover intact - per margin and payables structure commentary. - Festive receivables converting to cash in October-November window - per seasonal dispatch and collection commentary. - Land moving to outsider versus promoter backstop within stated window with related-party avoidance - per diligence update. ## Which stock lists is Sky Gold & Diamonds on? Sky Gold & Diamonds is on 3 of our India lists: Momentum stocks, Small & mid cap stocks and Gold & silver stocks. - [Momentum stocks Market cap cr: 14359.422101449276](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 468](https://www.sectoralpha.in/small-cap-stocks-india)
- [Gold & silver stocks Group on the list: Jewellery makers and shops](https://www.sectoralpha.in/gold-stocks-india)

## Is Sky Gold & Diamonds profitable? 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. 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. ## How much revenue does Sky Gold & Diamonds make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Sky Gold & Diamonds keep? 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. 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. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Sky Gold & Diamonds' profit turning into cash? 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. 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. ## Where does Sky Gold & Diamonds' cash go? 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. 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. ## What is Sky Gold & Diamonds' P/E ratio, and how does it compare with its own history? Sky Gold & Diamonds Ltd's P/E is 35.8×, in the middle of its own history: higher than 52% 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. 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. Why the multiple is where it is: over the past year earnings per share moved +96.7% while the price moved +163.6%. 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 +130.1% a year; about +126.5% a year came from earnings growth and about +3.6 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. ## Is the Sky Gold & Diamonds business getting better or worse? 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. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Sky Gold & Diamonds earn on its capital? 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). 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. ## Does Sky Gold & Diamonds have too much debt? 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. ## What is the Sky Gold & Diamonds shareholding pattern? 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. 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. ## How far is Sky Gold & Diamonds from balance-sheet trouble? 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. ## How does Sky Gold & Diamonds rank in its industry? 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. ## Which companies is Sky Gold & Diamonds compared with? Sky Gold & Diamonds ranks 2 of 28 Diamond, Gems & Jewellery companies on the 4-Factor Sector Score, with 71.1 out of 100. 1. [D.P. Abhushan Ltd](https://www.sectoralpha.in/stocks/dp-abhushan-ltd) DPABHUSHAN · leader · Most evidence points up · 96% evidence 72.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 30.8% · Profit 94.3% · Operating margin change 1 points · 88% evidence Capital efficiency 19.0/25 · ROCE 39.6% · Operating margin 11% · 100% evidence Valuation 12.1/20 · P/E 18.5× · PEG 0.74 · 100% evidence Relative strength 17.3/20 · Lead over its industry 14.3% · Lead over NIFTY 500 53.2% · 1 year 37.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 19 + 12.1 + 17.3 = 72.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. Sky Gold & Diamonds Ltd this page SKYGOLD · leader · Most evidence points up · 100% evidence 71.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 73.1% · Profit 100% · Operating margin change 1 points · 100% evidence Capital efficiency 18.8/25 · ROCE 26.9% · Operating margin 8% · 100% evidence Valuation 6.9/20 · P/E 34.1× · PEG 1.71 · 100% evidence Relative strength 16.3/20 · Lead over its industry 36.4% · Lead over NIFTY 500 76.3% · 1 year 147.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 18.8 + 6.9 + 16.3 = 71.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [PNGS Reva Diamond Jewellery Limited](https://www.sectoralpha.in/stocks/pngs-reva-diamond-jewellery-limited) PNGSREVA · breaking out · Most evidence points up · 63% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 39.2/43.75 · Revenue 100% · Profit 100% · Operating margin change 5 points · 100% evidence Capital efficiency 19.0/31.25 · ROCE 22% · Operating margin 24% · 100% evidence Valuation 12.2/25 · P/E 20.8× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 39.2 + 19 + 12.2 = 70.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Shanti Gold International Ltd](https://www.sectoralpha.in/stocks/shanti-gold-international-ltd) SHANTIGOLD · breaking out · Most evidence points up · 71% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 83% evidence Capital efficiency 18.5/25 · ROCE 33.9% · Operating margin 10% · 76% evidence Valuation 10.9/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 15.3/20 · Lead over its industry 1.1% · Lead over NIFTY 500 35% · 1 year 24% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.1 + 18.5 + 10.9 + 15.3 = 67.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Tribhovandas Bhimji Zaveri Ltd](https://www.sectoralpha.in/stocks/tribhovandas-bhimji-zaveri-ltd) TBZ · leader · Most evidence points up · 100% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 24.1% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 15.3/25 · ROCE 21.9% · Operating margin 7% · 100% evidence Valuation 10.9/20 · P/E 20.6× · PEG 0.72 · 100% evidence Relative strength 19.5/20 · Lead over its industry 100.6% · Lead over NIFTY 500 148.9% · 1 year 237.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.6 + 15.3 + 10.9 + 19.5 = 67.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Khazanchi Jewellers Ltd](https://www.sectoralpha.in/stocks/khazanchi-jewellers-ltd) KHAZANCHI · breaking out · Most evidence points up · 71% evidence 66.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 24.4% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.3/25 · ROCE 34.8% · Operating margin 7% · 100% evidence Valuation 13.4/20 · P/E 17.5× · PEG n/a · 50% evidence Relative strength 10.6/20 · Lead over its industry n/a · Lead over NIFTY 500 6.8% · 1 year 7.3% · 25% evidence · 5 of 5 weeks ahead Exact sum: 26.5 + 16.3 + 13.4 + 10.6 = 66.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [PC Jeweller Ltd](https://www.sectoralpha.in/stocks/pc-jeweller-ltd) PCJEWELLER · breaking out · Evidence leans up · 100% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 29.3% · Profit 45.7% · Operating margin change 7 points · 100% evidence Capital efficiency 10.3/25 · ROCE 9.6% · Operating margin 29% · 100% evidence Valuation 13.2/20 · P/E 16.9× · PEG 0.32 · 100% evidence Relative strength 18.2/20 · Lead over its industry 14.7% · Lead over NIFTY 500 54.2% · 1 year 33.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 10.3 + 13.2 + 18.2 = 62.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [RBZ Jewellers Ltd](https://www.sectoralpha.in/stocks/rbz-jewellers-ltd) RBZJEWEL · breaking out · Evidence leans up · 96% evidence 61.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 30.3% · Profit 54% · Operating margin change -2.3 points · 88% evidence Capital efficiency 14.6/25 · ROCE 22% · Operating margin 14.8% · 100% evidence Valuation 16.4/20 · P/E 12.2× · PEG 0.23 · 100% evidence Relative strength 12.0/20 · Lead over its industry -8.2% · Lead over NIFTY 500 24.1% · 1 year 16.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.7 + 14.6 + 16.4 + 12 = 61.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Titan Company Ltd](https://www.sectoralpha.in/stocks/titan-company-ltd) TITAN · losing its lead · Evidence leans up · 96% evidence 56.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 45% · Profit 55.1% · Operating margin change 3 points · 88% evidence Capital efficiency 14.1/25 · ROCE 20.5% · Operating margin 14% · 100% evidence Valuation 9.8/20 · P/E 67.5× · PEG 1.43 · 100% evidence Relative strength 6.9/20 · Lead over its industry -21.5% · Lead over NIFTY 500 7.2% · 1 year 18.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 26 + 14.1 + 9.8 + 6.9 = 56.8 · What this means: Earnings are strong; relative strength in its sector is -21.5% and the one-year return is 18.8%. 10. [Thangamayil Jewellery Ltd](https://www.sectoralpha.in/stocks/thangamayil-jewellery-ltd) THANGAMAYL · quiet · Evidence leans up · 96% evidence 55.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 83.2% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 13.6/25 · ROCE 25.5% · Operating margin 5% · 100% evidence Valuation 9.5/20 · P/E 35.3× · PEG 0.78 · 100% evidence Relative strength 6.4/20 · Lead over its industry -20.4% · Lead over NIFTY 500 7% · 1 year 105.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 25.8 + 13.6 + 9.5 + 6.4 = 55.3 · What this means: Earnings are strong; relative strength in its sector is -20.4% and the one-year return is 105.3%. 11. [Senco Gold Ltd](https://www.sectoralpha.in/stocks/senco-gold-ltd) SENCO · quiet · Evidence leans up · 96% evidence 53.0 out of 100 Growth Capital Valuation Relative
12. [Shringar House of Mangalsutra Ltd](https://www.sectoralpha.in/stocks/shringar-house-of-mangalsutra-ltd) SHRINGARMS · breaking out · Evidence leans up · 73% evidence 52.2 out of 100 Growth Capital Valuation Relative
13. [P N Gadgil Jewellers Ltd](https://www.sectoralpha.in/stocks/p-n-gadgil-jewellers-ltd) PNGJL · quiet · Evidence leans up · 93% evidence 52.1 out of 100 Growth Capital Valuation Relative
14. [Kalyan Jewellers India Ltd](https://www.sectoralpha.in/stocks/kalyan-jewellers-india-ltd) KALYANKJIL · losing its lead · Evidence leans down · 96% evidence 49.9 out of 100 Growth Capital Valuation Relative
15. [Motisons Jewellers Ltd](https://www.sectoralpha.in/stocks/motisons-jewellers-ltd) MOTISONS · breaking out · Evidence leans down · 96% evidence 48.0 out of 100 Growth Capital Valuation Relative
16. [PNGS Gargi Fashion Jewellery Ltd](https://www.sectoralpha.in/stocks/pngs-gargi-fashion-jewellery-ltd) basing · Evidence leans down · 72% evidence 48.0 out of 100 Growth Capital Valuation Relative
17. [Bluestone Jewellery & Lifestyle Ltd](https://www.sectoralpha.in/stocks/bluestone-jewellery-lifestyle-ltd) BLUESTONE · losing its lead · Too little evidence to rank firmly · 59% evidence 46.9 out of 100 Growth Capital Valuation Relative
18. [Manoj Vaibhav Gems N Jewellers Ltd](https://www.sectoralpha.in/stocks/manoj-vaibhav-gems-n-jewellers-ltd) MVGJL · losing its lead · Evidence leans down · 96% evidence 45.8 out of 100 Growth Capital Valuation Relative
19. [Radhika Jeweltech Ltd](https://www.sectoralpha.in/stocks/radhika-jeweltech-ltd) RADHIKAJWE · quiet · Evidence leans down · 96% evidence 45.6 out of 100 Growth Capital Valuation Relative
20. [Vaibhav Global Ltd](https://www.sectoralpha.in/stocks/vaibhav-global-ltd) VAIBHAVGBL · quiet · Evidence leans down · 100% evidence 43.7 out of 100 Growth Capital Valuation Relative
21. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) breaking out · Too little evidence to rank firmly · 57% evidence 42.4 out of 100 Growth Capital Valuation Relative
22. [Rajesh Exports Ltd](https://www.sectoralpha.in/stocks/rajesh-exports-ltd) RAJESHEXPO · quiet · Evidence leans down · 88% evidence 36.7 out of 100 Growth Capital Valuation Relative
23. [Asian Star Company Ltd](https://www.sectoralpha.in/stocks/asian-star-company-ltd) ASTAR · turning · Most evidence points down · 78% evidence 28.4 out of 100 Growth Capital Valuation Relative
24. [Utssav CZ Gold Jewels Ltd](https://www.sectoralpha.in/stocks/utssav-cz-gold-jewels-ltd) UTSSAV · leader · Too little evidence to rank firmly · 47% evidence 63.7 out of 100 Growth Capital Valuation Relative
25. Uday Jewellery Industries Ltd Too little evidence to rank firmly · 47% evidence 62.2 out of 100 Growth Capital Valuation Relative
26. [Advit Jewels Ltd](https://www.sectoralpha.in/stocks/advit-jewels-ltd) RAMBHAJO · turning · Too little evidence to rank firmly · 45% evidence 58.9 out of 100 Growth Capital Valuation Relative
27. [Grover Jewells Ltd](https://www.sectoralpha.in/stocks/grover-jewells-ltd) GJL · Too little evidence to rank firmly · 34% evidence 52.9 out of 100 Growth Capital Valuation Relative
28. [Golkunda Diamonds & Jewellery Ltd](https://www.sectoralpha.in/stocks/golkunda-diamonds-jewellery-ltd) Too little evidence to rank firmly · 43% evidence 45.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Diamond, Gems & Jewellery](https://www.sectoralpha.in/sectors/diamond-gems-jewellery), all 28 compared on one page. ## Which companies are close to Sky Gold & Diamonds in size? Sky Gold & Diamonds is the 5th largest of 27 Diamond, Gems & Jewellery companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Kalyan Jewellers India, PC Jeweller and Thangamayil Jewellery. Just below it: Bluestone Jewellery & Lifestyle, P N Gadgil Jewellers and D.P. Abhushan. ### Diamond, Gems & Jewellery companies close in size

1. [Kalyan Jewellers India Ltd](https://www.sectoralpha.in/stocks/kalyan-jewellers-india-ltd) ₹51,431 crore
2. [PC Jeweller Ltd](https://www.sectoralpha.in/stocks/pc-jeweller-ltd) ₹15,182 crore
3. [Thangamayil Jewellery Ltd](https://www.sectoralpha.in/stocks/thangamayil-jewellery-ltd) ₹13,847 crore
4. Sky Gold & Diamonds Ltd ₹13,678 crore
5. [Bluestone Jewellery & Lifestyle Ltd](https://www.sectoralpha.in/stocks/bluestone-jewellery-lifestyle-ltd) ₹10,312 crore
6. [P N Gadgil Jewellers Ltd](https://www.sectoralpha.in/stocks/p-n-gadgil-jewellers-ltd) ₹8,222 crore
7. [D.P. Abhushan Ltd](https://www.sectoralpha.in/stocks/dp-abhushan-ltd) ₹4,990 crore

[All 27 Diamond, Gems & Jewellery companies, largest first](https://www.sectoralpha.in/sectors/diamond-gems-jewellery#all-companies)

### Companies close in size in other industries

1. [Shreeji Shipping Global Ltd](https://www.sectoralpha.in/stocks/shreeji-shipping-global-ltd) ₹13,739 crore · Shipping/Dredging
2. [Avalon Technologies Ltd](https://www.sectoralpha.in/stocks/avalon-technologies-ltd) ₹13,713 crore · Consumer Electronics - EMS
3. Sky Gold & Diamonds Ltd ₹13,678 crore
4. [L T Foods Ltd](https://www.sectoralpha.in/stocks/l-t-foods-ltd) ₹13,664 crore · FMCG - Rice
5. [DCM Shriram Ltd](https://www.sectoralpha.in/stocks/dcm-shriram-ltd) ₹13,629 crore · Sugar

## What else do people ask about Sky Gold & Diamonds? ### What is Sky Gold & Diamonds's share price today? Sky Gold & Diamonds Ltd's share price is ₹927.20, +163.6% over the past year. The whole company is worth ₹14,363 Cr on the market. In the last 52 weeks it traded between ₹302 to ₹1,061; today it is 82% of the way up from the low, 47.3% above its 200-day average (as of 4 November 2026). ### What were Sky Gold & Diamonds's latest quarterly results? Sky Gold & Diamonds Ltd reported revenue of ₹2,391 Cr and net profit of ₹129 Cr for the Sep 2026 quarter. Revenue rose 61.1% and profit rose 92.5% compared with a year earlier. Earnings per share were ₹8.26 (as of 4 November 2026). ### What is Sky Gold & Diamonds's market cap? Sky Gold & Diamonds Ltd's market capitalisation is ₹14,363 Cr at a share price of ₹927.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Sky Gold & Diamonds performing? Sky Gold & Diamonds Ltd's share price has been rising for 51 weeks. In its latest quarter, revenue rose 61.1% and profit rose 92.5% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 20 weeks running (as of 4 November 2026). ### Will Sky Gold & Diamonds's share price go up? This page does not forecast Sky Gold & Diamonds Ltd's share price. What it shows instead: the share price is ₹927.20, and it has been rising for 51 weeks. Its P/E of 35.8× is higher than 52% of its own last 4 years (as of 4 November 2026). ### Who owns Sky Gold & Diamonds? Promoters own 51.7% of Sky Gold & Diamonds Ltd, foreign institutions 4.7%, domestic institutions 12.4% and the public 31.1% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 12.4 percentage points over 8 quarters (as of 4 November 2026). ### Does Sky Gold & Diamonds have too much debt? Sky Gold & Diamonds Ltd has a moderate amount of debt: its debt is 0.73× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹869 Cr against equity of ₹1,192 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Sky Gold & Diamonds in its business cycle? Sky Gold & Diamonds Ltd's FY26 operating margin was 7.0%, against a 12-year range of 1.0% to 7.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Sky Gold & Diamonds story? The main question: profits are rising, but only −104% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Sky Gold & Diamonds a stock worth studying right now? What the numbers show: Sky Gold & Diamonds Ltd is reporting record margins. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Sky Gold & Diamonds share price forecast for 2026? What management itself guided: Past profit margin 5-5.3% remains on track as stated today. What would change the story: Three material guidance reversals across 4 concalls undermine forward thesis precision. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Gold & silver stocks: https://www.sectoralpha.in/gold-stocks-india

This is research, not advice. We’re not SEBI-registered.