loader2
Partner With Us NRI

Goldiam International Ltd share Price Today

Company details

159.71
166.57
120.25
216.50
6M Return -6.07%
1Y Return 24.33%
Mkt Cap.(Cr) 1,721.43
Volume 507,133
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 507,133

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Apparels & Accessories company Goldiam International announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Revenue: Rs 2,050 million, showing a growth of 10% compared to Q3FY23.
  • EBITDA: Rs 438 million, showing a growth of 9% compared to Q3FY23.
  • EBITDA Margin: 21.3%, decreased by 32 bps compared to Q3FY23.
  • PAT: Rs 324 million, showing a growth of 12% compared to Q3FY23.

Consolidated 9MFY24:

  • Revenue: Rs 4,654 million, showing a growth of 11% compared to 9MFY23.
  • EBITDA: Rs 1,008 million, decreased by 2% from 9MFY23.
  • EBITDA Margin: 21.7%, decreased by 276 bps from 9MFY23.
  • PAT: Rs 731 million, showing a growth of 6% compared to 9MFY23.

Business Highlights:

  • Lab-Grown Diamond Jewellery Sales: Lab-grown diamond jewellery contributed 51.3% to Q3 revenue, marking a considerable increase from 23.5% in Q3FY23.
  • Online Sales: Revenue through online sales channel increased to 33.5% during Q3FY24 from 27.3% in Q3FY23. The share of online sales for Lab-grown diamond jewellery has grown approximately threefold from 7% in Q3FY23 to 20.6% in Q3FY24.
  • Order Book: Goldiam secured orders worth Rs 700 million during Q3 for the export of gold studded diamond jewellery, to be fulfilled by March 2024. The order book as of December 31, 2023, stands at about Rs 1,150 million.
  • Expansion and New Markets: Goldiam has added a new retailer client in the USA and is preparing to enter the Australian market. It is also planning a foray into India's B2C market with its own stores.

Commenting on the Q3FY24 results, Anmol Bhansali, Managing Director, Goldiam International, said, “Lab Grown Diamond jewellery contributing over 50% in Q3 revenue is a strong indicator of changing consumer behaviour. The speed and force of the shift in consumer preferences this year have taken us by pleasant surprise as well. With the USA, the world’s largest diamond jewellery market, showing overwhelming preference towards Lab Grown Diamond jewellery, we are very optimistic about the future of this category, with boosted confidence to seriously plan entry into India’s B2C space.”

Rashesh Bhansali, Executive Chairman of Goldiam International, said, "Higher sales of Lab Grown Diamond, coupled with an impressive share of online sales has kept us in good stead this financial year so far, which was marked with multiple headwinds. Prices of lab-grown diamonds have stabilized and that’s a positive sign for the entire industry. At Goldiam, we are gradually focusing more on producing higher-carat diamonds in the range of 3-5 carat through our subsidiary Eco-Friendly Diamonds. In the years to come, we see the demand for single-stone over 1-carat jewellery rapidly increasing. We feel Indian consumers are ready for adaptation and are waiting to be catered to by the organised players. Goldiam’s has built a significant cash and cash equivalent position of Rs 3,186 million and will be able to take newer initiative while continuing to remain debt-free, and rewarding shareholders as it has always done in the past.”

Result PDF

View Other Company Results

Goldiam International Ltd shares SWOT Analysis

Strengths (7)

  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with No Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (2)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 165.3
R2 169.4
R3 172.1
Pivot

162.49

S1 158.4
S2 155.6
S3 151.6
EMA SMA
165.0
168.7
170.2
164.8
164.7
169.7
177.5
163.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
RASHESH BHANSALI Bulk Sell 2023-12-08 179.98 1000000 BSE
GOLDIAM INTERNATIONAL LIMITED Bulk Purchase 2020-02-28 160 124177 NSE
GOLDIAM INTERNATIONAL LIMITED Bulk Purchase 2020-02-26 154.86 243663 NSE
Name Category Shares
Rashesh Manhar Bhansali PROMOTER 42.98%
Anmol Rashesh Bhansali PROMOTER 16.32%
Shobhnaben Manharkumar Bhansali PROMOTER 4.96%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Goldiam International Ltd Stocks COMPARISON

Financials( in Cr) Goldiam International Ltd Titan Company Ltd Kalyan Jewellers India Ltd Rajesh Exports Ltd Senco Gold Ltd
Price 161.19 3,589.00 424.00 287.35 1,028.85
% Change -2.36 1.67 5.87 -1.22 5.16
Mcap Cr 1,721.43 318,626.40 43,674.25 8,484.30 7,994.58
Revenue TTM Cr 533.18 40,575.00 14,071.45 339,689.51 4,077.40
Net Profit TTM Cr 85.19 3,274.00 431.93 1,432.28 158.48
PE TTM 19.47 89.58 68.92 25.61 41.99
1 Year Return 24.33 23.46 276.55 -49.19 153.85
ROCE 21.17 24.82 12.20 10.86 15.29
ROE 15.41 30.95 12.76 10.54 18.96
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 585.65 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 105,892.14 -28,833.11
LAST 6M 178,978.26 -15,682.85
LAST 12M 290,242.45 102,068.56

Goldiam International Ltd Information

Stock PE (TTM)
19.47
Promoter Holding
64.26%
Book Value
59.0344
ROCE
21.17%
ROE
15.41%
Description
  • Promoted by M R Bhansali and K R Bhansali, Goldiam International started exports of cut and polished diamonds and of plain and studded gold jewellery in 1986. The company was converted into a public limited company in Aug.`94. It undertakes jewellery-making in addition to diamond cutting and polishing. It has a state-of-the-art manufacturing facility in Bombay, in an exclusive 100% export-oriented zone. Some of its products are gold and diamond-studded rings, light-weight American cluster rings, cocktail rings, channel set bands, pendants, diamond and colour studded bracelets, earrings, etc. The company has started manufacturing Platinum Jewellery, which is expected to give far better returns and increase profitability. During the year 1999-2000, the company has registered a growth of 45% and hence the directors are happy to inform the company could achieve this due to its reputation earned in the international market over the years and continued quality control measures. The company has enhanced its export and value addition by introducing Invisual Setting in Diamond Jewellery and Princess Cut Diamond Grooving Machinery. Goldiam Jewels Ltd has become Subsidiary of Goldiam International Ltd during the month of February 2005 and this is as a consequence of company`s stake in Goldiam Jewels which has risen to 50.05%.

Registered Address

Gems & Jewellery Complex, MIDC SEEPZ Andheri (East), Mumbai, Maharashtra, 400096

Tel : 91-22-28291893/28290396/28292397
Email : investorrelations:goldiam.com, goldiam:vsnl.com
Website : http://www.goldiam.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 526729
NSE Code : GOLDIAM
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE025B01025

FAQ’s on Goldiam International Ltd Shares

You can buy Goldiam International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Goldiam International Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 03:59 PM the closing price of Goldiam International Ltd was Rs.161.19.

The latest PE ratio of Goldiam International Ltd as of Jun 18, 2024 03:59 PM is 19.47

The latest PB ratio of Goldiam International Ltd as of Jun 18, 2024 03:59 PM is 0.36

The 52-week high of Goldiam International Ltd share price is Rs. 216.50 while the 52-week low is Rs. 120.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 03:59 PM, the market cap of Goldiam International Ltd stood at Rs. 1,721.43.

Download App

Download Our App

Play Store App Store
market app