Shares of Sky Gold rose 5% on Friday to INR 320.50 after the company announced a big export order. The stock was locked-in upper circuit. The company has received a recurring export order of 200 kilograms of gold jewellery per month from a well known international client in the jewellery industry.
This is a big milestone for the company and solidifies its position as a major player in the B2B gold jewellery export market. Sky Gold said in its filing that the order includes upfront payments which will help in working capital and operational efficiency.
“This is a result of our strategy to expand customer base and deliver quality and timely products. It will impact our operational performance and contribute to shareholder value in coming quarters,” the company said.
Sky Gold Post-IPO Performance
Sky Gold was founded in 2008 and has created a niche for itself in designing, manufacturing and marketing intricately crafted gold jewellery including pieces with American diamonds and colored stones. The company operates on a B2B model and supplies products to mid-tier jewellers and boutique stores online and offline.
The company’s numbers have been impressive. In Q3 FY25, net profit grew 309.2% YoY to INR 36.54 crore from INR 8.93 crore in the same quarter last year. Net sales for the quarter was up 116.7% YoY to INR 997.97 crore.
Sky Gold is a multibagger stock and has given phenomenal returns to investors. Over the last three years, the stock has given 3,365% returns, two year returns are 847%. Even after correcting 18% in the last three months, Sky Gold has given 184% returns in the last one year. The stock has touched 52 week high of INR 488.95 per share on 17 Dec 2024 and has 52-week low of INR 101.11 per share. The company has a market cap of around INR 4,700 crore.
Good Shareholder Returns
Sky Gold has also given good returns to its shareholders. In Dec 2023 the company had given bonus in 9:1 ratio—nine shares for every one held. Earlier in 2022 it had given bonus in 1:1 ratio. It had also given two dividends of INR 1 each in FY23.
As per the latest shareholding pattern promoters hold 58.18% and public holds 41.82% of the equity—indicating steady insider confidence.
Conclusion
Sky Gold export order is more than just a big deal—it’s a signal of steady demand and global trust in its manufacturing and delivery capabilities. With strong fundamentals, good leadership and expanding customer base the company is ready for its next leg of growth. For investors and industry watchers alike, Sky Gold remains a golden story to watch in the Indian small-cap space.
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