Sky Gold Limited (SKYGOLD.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-806.5%

-₹6,168.34

vs ₹873.05 price

Levered DCF

-₹6,844.78

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

9.42

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	17.61×	34.25×	28.65×	15.75×	14.23×	49.98×	41.65×	68.15×
P/B	4.05×	6.91×	4.75×	2.98×	3.53×	4.65×	5.09×	5.05×
P/S	0.77×	1.33×	0.66×	0.25×	0.31×	0.31×	0.33×	0.26×
EV / EBITDA	11.65×	23.34×	18.49×	11.29×	10.86×	24.96×	22.05×	26.03×
Gross margin	7.3%	5.9%	6.0%	3.6%	3.6%	2.0%	2.8%	2.1%
Operating margin	6.7%	5.2%	5.2%	3.0%	3.2%	1.3%	1.7%	1.2%
Net margin	4.4%	3.7%	2.3%	1.6%	2.2%	0.6%	0.8%	0.4%
Current ratio	1.77×	1.66×	1.47×	1.29×	1.57×	1.44×	1.37×	1.56×
Debt / equity	0.73×	0.93×	1.35×	1.49×	1.33×	1.4×	1.23×	1.18×
Interest coverage	5.35×	4.18×	4.38×	3.24×	3.16×	1.59×	1.99×	1.59×
Dividend yield	0.0%	0.0%	0.1%	0.4%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	2.7%	5.8%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	23.0%	19.4%	16.6%	19.0%	24.5%	9.2%	12.3%	7.3%
Return on invested capital	15.1%	10.7%	11.7%	10.5%	12.3%	6.4%	8.8%	7.0%
Return on assets	12.5%	9.8%	6.9%	7.4%	9.7%	3.8%	5.3%	3.3%
Free cash flow yield	-4.2%	-8.6%	-13.9%	-6.2%	-3.4%	-2.8%	6.2%	-6.5%
Earnings yield	5.7%	2.8%	3.5%	6.4%	6.9%	2.0%	2.4%	1.5%
Enterprise value	₹54.8B	₹53.5B	₹14.8B	₹4.2B	₹3.4B	₹3.2B	₹3B	₹2.6B
Net debt / EBITDA	1.35×	2.72×	3.97×	3.44×	2.94×	5.76×	4.28×	4.91×
Cash conversion cycle (days)	76	87	80	49	55	44	41	33