Goldiam International Ltd logo

Goldiam International Ltd

GOLDIAM NSE

Key Fundamentals

MicrocapJewellery & WatchesConsumer Goods
Market Cap
₹5,513 Cr
Volatility
Moderate
P/E Ratio
25.9
EBITDA
₹204 Cr
Return on Equity
15.72%
Debt to Equity
0.07
Book Value
₹73.46
EPS
₹8.96
52W High
₹398.2
52W Low
₹198.75

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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54 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.9%

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -7.88%

Growth Rate

Revenue Growth
22.02% ↘
Net Income Growth
46.54% ↘
Cash Flow Change
-112.04% ↘
ROE
9.85% ↘
ROCE
18.61% ↘
EBITDA Margin (Avg.)
-10.59% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk medium

Goldiam International Ltd is a nearly debt-free jewellery manufacturer with a market cap of ₹5,304 Cr, trading at a P/E of 31.8x. The company has delivered 25% TTM sales growth and 45% TTM profit growth, with a 5-year profit CAGR of 27%. Promoter holding has declined by 7.88% over the last 3 years, currently standing at approximately 58.5%.

Bull Case 8
  • Company is virtually debt-free, providing financial flexibility and low interest burden on earnings
  • TTM profit growth of 45% significantly outpaces sales growth of 25%, indicating expanding margins and operating leverage
  • 5-year compounded profit CAGR of 27% demonstrates consistent long-term earnings momentum
  • ROE has improved to 18% in the last year versus a 10-year average of 15%, showing improving capital efficiency
  • FY26 consolidated revenue reached ₹977 Cr, up from ₹781 Cr in FY25, representing approximately 25% YoY growth
  • Operating profit rose to ₹204 Cr in FY26 from ₹160 Cr in FY25, a 28% increase reflecting margin expansion
  • 10-year stock CAGR of 41% reflects sustained long-term wealth creation for shareholders
  • Healthy dividend payout ratio of 19.9% maintained consistently, with current dividend yield of 0.57%
Bear Case 8
  • P/E of 31.8x is elevated for a consumer discretionary company, leaving limited margin of safety if growth slows
  • Promoter holding has decreased by 7.88% over the last 3 years, signalling potential lack of promoter confidence
  • P/B ratio of 4.91x suggests the stock is priced at a significant premium to book value
  • Q4 FY26 revenue of ₹235 Cr showed a 26.6% QoQ decline from ₹320 Cr in Q3 FY26, indicating revenue lumpiness
  • 5-year sales CAGR of 19% is lower than 5-year profit CAGR of 27%, raising sustainability questions if margin expansion plateaus
  • 10-year sales CAGR of only 12% suggests the recent acceleration may not be structurally sustained over long periods
  • Dividend yield of 0.57% is modest relative to the P/E of 31.8x, offering limited income cushion in a downturn
  • FII holding at just 0.63% and DII at 0.95% indicate limited institutional conviction at current valuations

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Positives 2
  • 1:3 bonus issue record date set Jul 1

    Goldiam fixed July 10, 2026 as the record date for its 1:3 bonus issue. Shareholders holding shares electronically or physically on that date will be eligible.

  • 25th ORIGEM store opens Udaipur Jun 8

    Goldiam opened its 25th ORIGEM lab-grown diamond jewellery retail store at Urban Square Mall, Udaipur on June 8, 2026, expanding its retail footprint.

Neutral 2
  • Investor meeting with Quantum AMC Jul 1

    Goldiam will meet Quantum AMC on July 7, 2026 to discuss financial and operational performance. No unpublished price sensitive information will be shared.

  • Virtual meeting with Kotak Securities Jun 9

    Goldiam scheduled a virtual group meeting with Kotak Securities on June 16, 2026 at 11:00 am under SEBI LODR Regulation 30.

TL;DR: Goldiam is rewarding shareholders with a 1:3 bonus issue and actively expanding its lab-grown diamond retail presence with 25 ORIGEM stores now open. Institutional interest remains steady with scheduled meetings with Quantum AMC and Kotak Securities. No material headwinds are visible in recent news. The trend appears positive with continued retail expansion and shareholder-friendly actions suggesting management confidence in forward growth.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
120
133
202
148
166
137
280
199
230
193
320
235
326
Expenses
97
106
161
124
136
106
217
159
189
154
244
185
260
Operating Profit
22
27
41
24
30
31
63
40
41
38
75
50
66
OPM %
19%
21%
20%
16%
18%
22%
22%
20%
18%
20%
24%
21%
20%
Other Income
1
6
3
3
4
4
8
3
6
9
21
9
38
Interest
0
0
0
0
0
0
0
1
0
0
2
1
2
Depreciation
1
1
2
2
1
2
2
4
2
2
6
6
5
PBT
23
32
42
26
33
33
69
38
45
46
89
51
97
Tax %
23%
26%
23%
31%
33%
33%
28%
38%
26%
31%
23%
27%
24%
Net Profit
17
23
32
18
22
22
50
23
34
31
68
37
74
EPS in Rs
1.19
1.64
2.28
1.24
1.55
1.55
3.49
1.62
2.37
2.08
4.54
2.48
4.91
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
320
326
308
311
435
365
406
688
533
603
781
977
1,073
Expenses
298
295
280
285
379
320
328
558
429
488
621
773
844
Operating Profit
22
32
28
26
56
45
78
130
104
115
160
204
229
OPM %
7%
10%
9%
8%
13%
12%
19%
19%
20%
19%
21%
21%
21%
Other Income
13
15
8
11
18
22
23
25
21
14
19
44
76
Interest
3
2
3
2
3
2
1
1
0
0
1
3
5
Depreciation
3
3
3
3
3
2
4
5
7
6
6
15
18
PBT
28
42
31
33
68
62
97
149
117
122
173
231
283
Tax %
23%
21%
34%
38%
32%
27%
31%
29%
27%
26%
32%
26%
—
Net Profit
22
33
21
20
46
45
67
106
85
91
117
171
211
EPS in Rs
1.28
1.95
1.26
1.21
3.24
3.17
4.12
7.24
5.81
6.38
8.22
11.33
14.01
Div. Payout %
18%
19%
24%
19%
14%
31%
29%
12%
26%
14%
27%
18%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25
25
25
25
23
22
22
22
22
21
21
23
Reserves
231
256
305
331
361
388
443
498
564
609
719
1,083
Borrowings
82
48
31
37
26
8
23
4
3
5
27
77
Other Liabilities
94
93
87
91
67
87
126
108
114
98
126
180
Total Liabilities
433
422
448
483
477
505
614
632
702
733
893
1,363
Fixed Assets
23
23
22
23
23
22
43
42
45
45
60
93
CWIP
2
2
2
0
0
0
0
0
0
0
0
0
Investments
115
115
163
146
167
203
219
140
138
168
106
182
Other Assets
294
282
261
315
288
279
351
450
519
519
727
1,087
Total Assets
433
422
448
483
477
505
614
632
702
733
893
1,363
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
15
59
13
-15
86
67
49
-10
65
107
-13
24
Investing
-1
9
-16
27
-11
-24
-12
95
-2
-28
63
-71
Financing
0
-45
-27
4
-41
-52
0
-90
-31
-54
-13
171
Net Cash Flow
14
22
-30
16
34
-9
37
-5
32
26
37
124
Free Cash Flow
15
56
11
-16
84
66
36
-13
56
103
-20
8
CFO/OP
105
214
87
-15
187
183
95
22
99
121
16
45
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
156
130
113
129
71
100
116
95
101
86
70
65
Inventory Days
160
148
204
208
118
125
144
133
257
199
277
328
Days Payable
100
102
105
108
53
96
125
51
93
57
53
60
Cash Conversion Cycle
216
176
212
229
136
129
135
177
264
228
294
333
Working Capital Days
125
126
166
195
114
132
115
137
200
167
194
273
ROCE %
8%
11%
10%
9%
17%
15%
18%
29%
21%
20%
25%
24%

Shareholding Pattern

As of Jul 2026
Promoters 58.51%
Public 31.32%
Others 7.92%
FIIs 2.18%
DIIs 0.06%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Aug 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Aug 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters
66.27%
66.27%
66.27%
66.39%
66.39%
66.39%
66.39%
66.39%
66.39%
66.39%
66.60%
66.60%
64.26%
64.26%
64.26%
63.32%
62.38%
62.06%
61.87%
58.51%
58.51%
58.51%
58.51%
58.51%
58.51%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.00%
0.07%
0.16%
0.57%
0.75%
1.35%
0.88%
5.36%
1.47%
0.74%
0.62%
1.99%
2.18%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.36%
0.68%
0.91%
1.45%
1.14%
1.10%
0.95%
0.78%
0.06%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
26.69%
28.46%
28.55%
28.33%
29.12%
29.17%
29.24%
29.53%
29.16%
29.03%
28.78%
28.87%
30.29%
30.28%
30.36%
30.37%
30.01%
30.28%
31.23%
29.77%
32.13%
32.23%
32.75%
31.05%
31.32%
Others
7.04%
5.28%
5.18%
5.27%
4.49%
4.44%
4.37%
4.07%
4.45%
4.57%
4.62%
4.52%
5.45%
5.39%
5.23%
5.74%
6.50%
5.64%
5.11%
4.91%
6.74%
7.41%
7.16%
7.66%
7.92%
No. of Shareholders
13,746
19,073
37,850
36,540
43,681
47,259
46,688
47,709
51,435
57,514
60,473
61,328
64,902
63,002
64,717
68,539
73,590
79,687
82,467
81,483
82,867
82,571
83,563
75,143
75,383

Documents

Frequently Asked Questions about Goldiam International Ltd

What does Goldiam International Ltd do?
Incorporated in 1986, Goldiam International Ltd is engaged in the business of manufacturing and exporting gold and diamond jewelry to global retailers, departmental stores and wholesalers. [1]
Where is Goldiam International Ltd (GOLDIAM) listed?
Goldiam International Ltd is listed on the Indian stock exchanges. It is listed on NSE: GOLDIAM and BSE: 526729. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Goldiam International Ltd belong to?
Goldiam International Ltd operates in the Consumer Goods sector within the Jewellery & Watches industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Goldiam International Ltd?
Goldiam International Ltd has a market capitalisation of approximately ₹5513.40 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Goldiam International Ltd?
The Price-to-Earnings (PE) ratio of Goldiam International Ltd is 25.90. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Goldiam International Ltd?
Over the past 52 weeks, Goldiam International Ltd has traded between a low of ₹198.75 and a high of ₹398.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does Goldiam International Ltd pay dividends?
Yes, Goldiam International Ltd has a dividend yield of 0.73%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Goldiam International Ltd?
Goldiam International Ltd has a Return on Equity (ROE) of 15.72%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Goldiam International Ltd on Tapetide?
On Tapetide, you can view Goldiam International Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1986, Goldiam International Ltd is engaged in the business of manufacturing and exporting gold and diamond jewelry to global retailers, departmental stores and wholesalers. [1]

Website goldiam.com
CEO Mr. Rashesh Manharbhai Bhansali
Employees 99
Listed 2005-08-29
Face Value ₹ 2
Issued Size 11,29,17,844

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