$SKYGOLD

Fundamental: Revenue +80.6% YoY | PAT +121% YoY | 3Y PAT CAGR 161% | P/E 29.3x vs sector 38.6x (24% discount) | Upside 18.8% | Operating Margin 7.5% (+181 bps) | ROCE 22.2% | Rank #3/21 peers | Rating 8.30 Technical: Strong uptrend from ₹350 — HH-HL structure intact | Profit booking from ₹580 found support near short-term MAs | Above major EMAs — bullish medium-term trend | RSI 58 - healthy momentum | ADX 30 — strong trend Moat: Fast-growing jewellery manufacturer riding India's organised jewellery consumption wave — strong B2B supply relationships with marquee retail chains and consistent margin expansion signal a business model scaling with discipline rarely seen in small-cap jewellery. View: Doubling PAT quarter-on-quarter with a 161% three-year CAGR, trading at a 24% discount to peers, and technically consolidating within a clean uptrend — a high-growth small-cap compounder with improving institutional conviction.