Sky Gold Share Price Target 2025-2027 & Long-Term Forecast
Can lightweight, design-led jewellery propel Sky Gold Ltd (NSE: SKYGOLD) to fresh highs? Dive into our data-backed projections for 2025, 2026, 2027 and the decade ahead.
About Sky Gold
Founded in 2008 and headquartered in Mumbai, Sky Gold Ltd manufactures lightweight 22-karat gold jewellery for the B2B market, supplying retailers such as Titan’s CaratLane and Reliance Jewels. It now exports to the Middle East, Malaysia and Singapore, targeting 25 % export revenue by FY 27. Monthly production is being ramped from 456 kg to 650 kg to meet rising demand.
Fundamentals Snapshot
Share Price₹ 301.8(Aug 2025 NSE close)
Market Cap₹ 4,486 Cr
P/E (TTM)28.9 ×
Revenue FY 25₹ 3,581 Cr(+105 % YoY)
Net Profit FY 25₹ 132.7 Cr(+228 % YoY)
ROE FY 2529 %
Key Growth Drivers
- Capacity expansion: Production to hit 650 kg/month by Q4 FY 26, enabling scale-driven margin gains.
- Export push: Targeting 25 % of revenue from exports by FY 27; Dubai distribution hub under way.
- Shift to lightweight 18 K designs: Rising gold prices are nudging consumers toward lighter pieces, a segment where Sky Gold excels.
- Organised retail boom: Branded jewellers are forecast to capture 50 % of India’s jewellery market by FY 29, up from 40 % in FY 24.
- Robust industry outlook: India’s jewellery market is projected to grow at a 5-6 % CAGR through 2030.
Risks to Watch
- Gold price volatility: Record-high domestic gold prices could curb jewellery demand in FY 26, with WGC expecting a 9-10 % volume drop.
- Tight working-capital cycle: High precious-metal inventory ties up cash; interest costs already rose 100 % YoY in FY 25.
- Competition: Titan, Kalyan Jewellers and other large chains enjoy brand recall and bigger marketing budgets.
Sky Gold Share Price Target 2025
Our base-case model blends earnings momentum, capacity utilisation and sectoral P/E re-rating. We project a ₹ 244 – ₹ 520 trading range for 2025.
| Month 2025 | Min ₹ | Max ₹ | Infographic |
|---|---|---|---|
| Jan | 292 | 400 | |
| Feb | 318 | 402 | |
| Mar | 281 | 409 | |
| Apr | 264 | 413 | |
| May | 244 | 420 | |
| Jun | 274 | 438 | |
| Jul | 290 | 450 | |
| Aug | 325 | 469 | |
| Sep | 354 | 487 | |
| Oct | 370 | 498 | |
| Nov | 430 | 508 | |
| Dec | 458 | 520 |
Sky Gold Share Price Target 2026
With export revenue scaling and operating margins projected to top 7 %, we estimate a ₹ 900 – ₹ 1,360 range.
| Month 2026 | Min ₹ | Max ₹ | Infographic |
|---|---|---|---|
| Jan | 520 | 1,130 | |
| Feb | 970 | 1,060 | |
| Mar | 900 | 1,030 | |
| Apr | 938 | 1,055 | |
| May | 960 | 1,130 | |
| Jun | 988 | 1,160 | |
| Jul | 998 | 1,173 | |
| Aug | 1,030 | 1,190 | |
| Sep | 1,165 | 1,230 | |
| Oct | 1,190 | 1,290 | |
| Nov | 1,278 | 1,340 | |
| Dec | 1,320 | 1,360 |
Sky Gold Share Price Target 2027
Assuming the company achieves its FY 27 revenue goal of ₹ 7,600 Cr and sustains PAT margins above 4 %, our model suggests a ₹ 1,200 – ₹ 1,670 band.
| Month 2027 | Min ₹ | Max ₹ | Infographic |
|---|---|---|---|
| Jan | 1,278 | 1,370 | |
| Feb | 1,250 | 1,340 | |
| Mar | 1,279 | 1,380 | |
| Apr | 1,290 | 1,388 | |
| May | 1,310 | 1,398 | |
| Jun | 1,328 | 1,420 | |
| Jul | 1,200 | 1,435 | |
| Aug | 1,255 | 1,460 | |
| Sep | 1,350 | 1,480 | |
| Oct | 1,470 | 1,520 | |
| Nov | 1,510 | 1,620 | |
| Dec | 1,605 | 1,670 |
Long-Term Outlook 2030-2050
| Year | Target Range ₹ | Rationale |
|---|---|---|
| 2030 | 1,800 – 2,560 | Industry CAGR ≈ 5 %; export-led diversification and organised market share gains |
| 2040 | 4,636 – 5,030 | Steady shift to branded jewellery, higher margin retail foray & sustained India consumption story |
| 2050 | 8,323 – 8,860 | Assumes tech-driven manufacturing efficiencies, pan-Asian brand presence and premium valuation multiple |
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Frequently Asked Questions
Is Sky Gold a fundamentally strong company?
Yes. Revenues have grown at a 65 % CAGR over three years while PAT surged 145 %. ROE touched 29 % in FY 25, and the debt-to-equity ratio is comfortable at 0.92.
What P/E multiple are the 2025-27 targets based on?
We use a forward P/E band of 20-30 ×, aligning with the company’s historical average (28.9 × in Aug 2025) and slightly below the gems-and-jewellery sector mean (61 ×).
How will high gold prices affect Sky Gold?
Elevated bullion prices can squeeze volumes, but Sky Gold’s lightweight designs help offset demand softness. The firm also benefits from higher absolute ticket sizes and rising export realisations.
Are these targets guaranteed?
No. Share prices depend on market sentiment, macro factors and company execution. Always do your own research or consult a SEBI-registered advisor.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Stock market investments are subject to market risks; past performance is not indicative of future results.
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