Goldiam International Ltd.

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goldiam.comBSE: 526729NSE: GOLDIAM

Market Cap₹ 4,888 Cr.

Current Price

High / Low₹ 398 / 199

Stock P/E23.2

Book Value₹ 79

Price to Book2.74

Dividend Yield0.64 %

ROCE24.8 %

ROE18.5 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Jewellery: 101.1% • Investments Activity: -1.1%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 20.5% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 23.4%
Latest quarter profit grew 120.1% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 19.2% CAGR over last 5 years

CONS

Promoter holding has decreased over last 2 years: -5.8pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.32x)
Total debt has risen sharply - up 274.0% year on year
Valuation is stretched - P/E of 23.2 is well above its own 5-year median (15.4)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TITAN	5005.00	77.14	444336.97	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	600.65	43.23	62032.19	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	338.50	18.76	18946.18	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5135.45	40.82	15962.02	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	890.30	241.52	13601.89	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.70	17.25	13360.42	0.00	221.88	37.02	877.04	20.99	9.68	27.54
7.	SKYGOLD	827.45	38.25	12815.04	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	886.85	24.27	8103.46	0.00	—	—	—	—	70.86	—
9.	SENCO	346.45	9.95	5678.35	0.51	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	324.65	23.18	4887.84	0.64	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	212.80	12.53	3570.14	2.82	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	TBZ	522.35	16.31	3485.67	0.48	33.92	50.76	840.97	34.78	23.29	8.60

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	120	133	202	148	166	137	280	199	230	193	320	235	326
	97	106	161	124	136	106	217	159	189	154	249	185	266
Operating Profit	22	27	41	24	30	31	63	40	41	38	71	50	60
OPM %	18.70%	20.52%	20.13%	16.19%	18.24%	22.29%	22.35%	19.92%	17.92%	19.87%	22.12%	21.11%	18.33%
	1	6	3	3	4	4	8	3	6	9	20	9	38
Interest	0	0	0	-0	0	0	0	1	0	0	0	1	2
Depreciation	1	1	2	2	1	2	2	4	2	2	2	6	5
Profit before Tax	22	32	42	26	33	33	69	38	45	46	89	51	97
Tax %	23.11%	26.21%	23.01%	31.00%	32.64%	33.01%	28.08%	38.33%	25.95%	31.35%	22.78%	27.26%	24.03%
Net Profit	17	23	32	18	22	22	50	23	34	31	68	37	74
	1.59	2.20	3.03	1.66	2.06	2.07	4.66	2.17	3.15	2.60	6.06	3.30	6.55

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	315	319	446	365	406	688	533	603	781	977	1,073
	287	293	391	320	328	558	429	488	618	772	855
Operating Profit	28	26	56	44	78	130	104	114	163	205	218
OPM %	8.88%	8.02%	12.52%	12.16%	19.29%	18.93%	19.51%	18.99%	20.88%	20.95%	20.34%
	8	12	18	22	23	25	21	14	20	44	76
Interest	3	2	3	2	1	1	0	0	1	4	3
Depreciation	3	3	3	2	4	5	7	6	9	15	14
Profit before Tax	31	33	68	62	97	149	117	122	173	231	283
Tax %	33.71%	38.11%	31.67%	27.00%	30.96%	28.71%	27.48%	25.54%	32.12%	26.09%	25.40%
Net Profit	21	20	46	45	67	106	85	91	117	171	211
EPS	8.08	8.15	19.12	19.73	30.26	11.13	7.82	9.06	12.06	16.87	—
Dividend Payout %	14.14%	13.27%	12.45%	26.01%	24.15%	10.78%	24.32%	13.24%	24.87%	16.30%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 19%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: 19%
5 Years:: 21%
3 Years:: 29%

STOCK PRICE CAGR

10 Years:: 41%
5 Years:: 19%
3 Years:: 50%
1 Year:: 8%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 17%
3 Years:: 17%
Last Year:: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	25	25	23	22	22	22	22	21	21	23
Minority Interest	13	12	8	5	16	6	6	5	5	5
	305	331	361	388	443	498	564	609	719	1,083
	31	37	26	8	23	4	2	3	23	65
Trade Payables	69	72	47	72	93	68	90	64	74	107
	4	5	9	8	17	35	18	30	51	78
Total Liabilities	447	482	475	502	614	632	702	733	893	1,361
	22	21	21	20	41	40	43	45	60	93
Capital Work in Progress	2	0	0	0	0	0	0	0	0	0
	163	146	167	203	219	140	138	168	106	182
	134	139	106	93	107	177	248	223	388	583
	0	0	0	0	0	179	0	143	150	174
Cash & Bank	13	29	64	55	92	87	119	145	182	306
	112	147	118	131	154	10	154	9	6	23
Total Assets	447	482	475	502	614	632	702	733	893	1,361

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	25	-4	104	82	74	-10	103	107	-10	24
Cash from Investing	-16	27	-11	-24	-12	95	-2	-28	63	-71
Cash from Financing	-27	4	-41	-52	-0	-90	-31	-54	-16	171
	-30	16	34	-9	37	-5	32	26	37	124

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.26	63.32	62.38	62.06	61.87	58.51	58.51	58.51	58.51
	0.16	0.58	0.74	1.35	0.87	1.47	0.74	0.63	1.99
	0.00	0.00	0.36	0.68	0.91	1.15	1.10	0.95	0.78
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.59	36.11	36.52	35.92	36.34	38.88	39.65	39.91	38.71

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Bagging/Receiving of orders/contracts

2026-09-08 - Goldiam International Limited has informed the Exchange about Bagging/Receiving of orders/contracts

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Goldiam International Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

General Updates

2026-09-04 - Book Closure details for the purpose of 39th Annual General Meeting

2026-09-04

Shareholders meeting

2026-09-04 - Goldiam International Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-04

Updates

2026-09-04 - Goldiam International Limited has informed the Exchange regarding 'Business Responsibility & Sustainability Report for the Financial Year 2025-26'.

2026-09-02

Outcome of Board Meeting

2026-09-02 - Goldiam International Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026.

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Goldiam International Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

Copy of Newspaper Publication

2026-08-29 - Goldiam International Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-29

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-29 - Goldiam International Limited has informed the Exchange about Schedule of meet