Goldiam International Ltd
NSE: GOLDIAM BSE: 526729
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]
₹368
52W: ₹265 — ₹449
PE 98.4 · Book ₹49.1 · +649% vs bookMarket Cap₹4,150 Cr
Stock P/E98.4Price to Earnings
ROCE28.4%Return on Capital
ROE20.6%Return on Equity
Div. Yield0.81%Face Value ₹2
Strengths
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 37.0%
- +Debtor days have improved from 132 to 88.9 days.
- +Company's working capital requirements have reduced from 101 days to 77.5 days
Weaknesses
- −Stock is trading at 7.41 times its book value
- −Promoter holding has decreased over last 3 years: -7.88%
Shareholding Pattern
Promoters58.51%
FIIs0.63%
DIIs0.95%
Public39.9%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.26% | 63.32%▼0.9 | 62.38%▼0.9 | 62.06%▼0.3 | 61.87%▼0.2 | 58.51%▼3.4 | 58.51% | 58.51% |
| FIIs | 0.16% | 0.58%▲0.4 | 0.74%▲0.2 | 1.35%▲0.6 | 0.87%▼0.5 | 1.47%▲0.6 | 0.74%▼0.7 | 0.63%▼0.1 |
| DIIs | 0% | 0% | 0.37%▲0.4 | 0.68%▲0.3 | 0.91%▲0.2 | 1.15%▲0.2 | 1.1%▼0.0 | 0.95%▼0.2 |
| Public | 35.59% | 36.11%▲0.5 | 36.5%▲0.4 | 35.92%▼0.6 | 36.33%▲0.4 | 38.87%▲2.5 | 39.66%▲0.8 | 39.9%▲0.2 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 107.09 | 104 | 104.37 | 103.52 | 143.45 | 204.15 | 159.48 | 132.57 | 104.93 | 140.68 |
| Expenses | 93.07 | 83.17 | 94.02 | 86.19 | 121.96 | 182.19 | 144.15 | 117.85 | 89.63 | 132.34 |
| Operating Profit | 14.02 | 20.83 | 10.35 | 17.33 | 21.49 | 21.96 | 15.33 | 14.72 | 15.3 | 8.34 |
| OPM % | 13.09% | 20.03% | 9.92% | 16.74% | 14.98% | 10.76% | 9.61% | 11.1% | 14.58% | 5.93% |
| Net Profit | 13.59 | 27.95 | 8.78 | 12.02 | 23.62 | 18.3 | 8.98 | 11.33 | 13.15 | 8.74 |
| EPS ₹ | 1.27 | 2.62 | 0.82 | 1.13 | 2.21 | 1.71 | 0.84 | 1.06 | 1.16 | 0.77 |
AI Insights
Revenue Trend
TTM revenue at ₹538Cr, down 11.9% YoY. OPM at 10%.
Debt Position
Borrowings at ₹21Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.
Institutional Flow
DIIs: 0.95% (+0.95pp change). FIIs: 0.63% (+0.60pp change). Promoters hold 58.51%.
Margin & Efficiency
ROCE improving from 6% (Mar 2014) to 28% (Mar 2025). Working capital days: 78.
Valuation
PE 98.4x with 28.4% ROCE. Price is 649% above book value of ₹49.1. Dividend yield: 0.81%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 2d - CARE report for Q4 FY26 QIP: Rs. 202.05 crore issue, Rs. 26.91 crore deployed, timeline extended to Nov 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - The official(s) of the Company will participate and interact with several investors/ analysts at the following investor conference: Day & Date Name of the Conference …
- Board Meeting Intimation for To Inter Alia, Consider And Approve The Following: 1. Audited Standalone And Consolidated Financial Results For The Fourth Quarter And Year Ended March 31, 2026, Along With The Audit Reports Of The Statutory Auditors Thereon. 14 May - Board meets May 27, 2026 to approve audited Q4 and FY2026 standalone and consolidated results.
- Regulation 30- Intimation Regarding Non-Impact Of Increase In Customs Duty On Gold To 15% (10% BCD + 5% Cess) 13 May - Goldiam says 15% gold customs duty will not materially affect SEEPZ operations or profitability.
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 May - Goldiam received Rs60 crore export orders for lab-grown diamond jewellery, executable by August 30, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse