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Goldiam International

GOLDIAM NSE
₹308.80 No trade today
P/E
22.04
View as Markdown
MCP
Close 4 Nov 2026 ₹308.80 +41.87 +15.7% 1Y
Start ₹266.93

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
25.80%
Debt to Equity
0.07
EPS (TTM)
₹14.01
Book Value
₹73.46
Market Cap
—
P/E (TTM)
22.04
P/B
4.20
ROE
20.00%
Dividend Yield
0.95%
EBITDA
₹249 Cr
52W High
₹398.20
52W Low
₹198.75
Volume
0

Peer Comparison

Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches

Goldiam International peer comparison
Titan
₹4,754.4073.27₹4,08,204 Cr26.880.33%37.70%20.50%₹92,417 Cr₹5,760 Cr
Kalyan Jewellers
₹529.0538.06₹52,836 Cr8.660.49%24.80%21.20%₹39,063 Cr₹1,436 Cr
Lalithaa Jewellery Mart
₹366.0519.89₹20,211 Cr4.960.00%40.20%38.00%₹21,635 Cr₹922 Cr
PC Jeweller
₹15.8216.48₹14,560 Cr1.670.00%9.96%9.60%₹3,505 Cr₹775 Cr
Thangamayil Jewellery
₹4,285.9034.07₹14,306 Cr9.410.40%28.10%25.50%₹9,622 Cr₹392 Cr
Sky Gold & Diamonds
₹927.2042.85₹13,567 Cr10.220.23%28.90%26.90%₹7,176 Cr₹344 Cr
BlueStone Jewellery & Lifestyle
₹690.6599.80₹10,225 Cr5.750.00%1.11%6.78%₹2,912 Cr₹102 Cr
Goldiam International (this company)
₹308.8022.04₹4,495 Cr4.200.95%20.00%25.80%₹1,073 Cr₹210 Cr
Median 8 companies₹609.8536.07₹14,433 Cr7.210.28%26.45%23.35%₹8,399 Cr₹584 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
57
Good
Returns, margins, earnings quality 22% weight
Valuation
53
Average
Cheap vs sector & own history 24% weight
Growth
77
Strong
Sales & profit trajectory 9% weight
Financial Health
90
Strong
Solvency, leverage, coverage 9% weight
Momentum
43
Weak
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 29.3% 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: -8.09%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish766
OscillatorsBearish261
Moving AveragesNeutral505

Key readings

RSI (14)
51.24
Neutral
MACD (12,26,9)
−7.47
Bullish
SMA (50)
320.68
Bearish
SMA (200)
303.92
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.60%
5Y+19.20%
3Y+22.38%
1Y+25.10%
TTM+26.95%

Net profit

Net profit growth by window
10Y+17.88%
5Y+20.61%
3Y+26.24%
1Y+46.15%
TTM+62.79%

Operating cash flow

Operating cash flow growth by window
10Y−8.60%
5Y−13.30%
3Y−28.26%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+13.00 pp
5Y+3.61 pp
3Y+3.31 pp
1Y+1.82 pp
TTM+0.63 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹308 Cr
Mar 2018₹311 Cr
Mar 2019₹435 Cr
Mar 2020₹365 Cr
Mar 2021₹406 Cr
Mar 2022₹688 Cr
Mar 2023₹533 Cr
Mar 2024₹603 Cr
Mar 2025₹781 Cr
Mar 2026₹977 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹21.00 Cr
Mar 2018₹20.00 Cr
Mar 2019₹46.00 Cr
Mar 2020₹45.00 Cr
Mar 2021₹67.00 Cr
Mar 2022₹106 Cr
Mar 2023₹85.00 Cr
Mar 2024₹91.00 Cr
Mar 2025₹117 Cr
Mar 2026₹171 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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 7
  • 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

121d ago

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.

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.

Quarterly Results

₹ Cr
GOLDIAM quarterly results, ₹ crore
Particulars 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
20.03
9
38
Interest
0
0
0
0
0
0
0
1
0
0
0.21
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 (₹)
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

Profit & Loss

₹ Cr
GOLDIAM profit and loss, annual, ₹ crore
Particulars 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
617
754
844
Operating Profit
22
32
28
26
56
45
78
130
104
115
164
223
229
OPM %
7%
10%
9%
8%
13%
12%
19%
19%
20%
19%
21%
23%
21%
Other Income
13
15
8
11
18
22
23
25
21
14
19
26
76
Interest
3
2
3
2
3
2
1
1
0
0
1
4
5
Depreciation
3
3
3
3
3
2
4
5
7
6
9
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 (₹)
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%
—

Balance Sheet

₹ Cr
GOLDIAM balance sheet, annual, ₹ crore
Particulars 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
178
Total Liabilities
433
422
448
483
477
505
614
632
702
733
893
1,361
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
1,086
Total Assets
433
422
448
483
477
505
614
632
702
733
893
1,361

Cash Flow

₹ Cr
GOLDIAM cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
15
59
13
−15
86
67
49
−10
65
107
−10
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
−16
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
−18
8
CFO/OP
105
214
87
−15
187
183
95
22
99
121
17
41

Ratios

GOLDIAM financial ratios, annual
Particulars 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
208
ROCE %
8%
11%
10%
9%
17%
15%
18%
29%
21%
20%
25%
26%

Insights

Beta

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

Log in to view Goldiam International insights

64 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 58.51%
  • Public 32.47%
  • Others 7.03%
  • FIIs 1.76%
  • DIIs 0.23%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Goldiam International

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.
Where is Goldiam International Ltd (GOLDIAM) listed?
Goldiam International Ltd trades as GOLDIAM on the NSE and under code 526729 on the BSE.
Which sector does Goldiam International Ltd belong to?
Goldiam International Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the PE ratio of Goldiam International Ltd?
Goldiam International Ltd trades at a PE ratio of 22.04 as of 4 Nov 2026, on earnings per share of ₹14.01, against a book value of ₹73.46 per share.
What is the 52-week high and low of Goldiam International Ltd?
Over the last 52 weeks Goldiam International Ltd has traded between ₹198.75 and ₹398.2 as of 4 Nov 2026.
Does Goldiam International Ltd pay dividends?
Goldiam International Ltd has a dividend yield of 0.95%.
What is the Return on Equity (ROE) of Goldiam International Ltd?
Goldiam International Ltd reported a return on equity of 20.00%. Its debt-to-equity ratio is 0.07.

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.

Website goldiam.com
CEO Mr. Rashesh Manharbhai Bhansali
Employees 99
Listed 29 Aug 2005
Face Value ₹2

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