Goldiam International Ltd
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]
- Market Cap ₹ 3,913 Cr.
- Current Price ₹ 347
- High / Low ₹ 444 / 265
- Stock P/E 25.0
- Book Value ₹ 90.5
- Dividend Yield 0.87 %
- ROCE 24.6 %
- ROE 17.1 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 22.4%
Cons
- Promoter holding has decreased over last 3 years: -7.88%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 311 | 320 | 326 | 308 | 311 | 435 | 365 | 406 | 688 | 533 | 603 | 781 | 941 | |
| 287 | 298 | 295 | 280 | 285 | 379 | 320 | 328 | 558 | 429 | 488 | 621 | 754 | |
| Operating Profit | 25 | 22 | 32 | 28 | 26 | 56 | 45 | 78 | 130 | 104 | 115 | 160 | 186 |
| OPM % | 8% | 7% | 10% | 9% | 8% | 13% | 12% | 19% | 19% | 20% | 19% | 21% | 20% |
| 6 | 13 | 15 | 8 | 11 | 18 | 22 | 23 | 25 | 21 | 14 | 19 | 38 | |
| Interest | 4 | 3 | 2 | 3 | 2 | 3 | 2 | 1 | 1 | 0 | 0 | 1 | 1 |
| Depreciation | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 4 | 5 | 7 | 6 | 6 | 7 |
| Profit before tax | 24 | 28 | 42 | 31 | 33 | 68 | 62 | 97 | 149 | 117 | 122 | 173 | 217 |
| Tax % | 27% | 23% | 21% | 34% | 38% | 32% | 27% | 31% | 29% | 27% | 26% | 32% | |
| 18 | 22 | 33 | 21 | 20 | 46 | 45 | 67 | 106 | 85 | 91 | 117 | 157 | |
| EPS in Rs | 1.37 | 1.70 | 2.61 | 1.68 | 1.62 | 4.32 | 4.23 | 5.50 | 9.65 | 7.75 | 8.50 | 10.96 | 14.15 |
| Dividend Payout % | 18% | 18% | 19% | 24% | 19% | 14% | 31% | 29% | 12% | 26% | 14% | 27% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 16% |
| 3 Years: | 4% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 20% |
| 3 Years: | 4% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 43% |
| 5 Years: | 38% |
| 3 Years: | 35% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 23 | 22 | 22 | 22 | 22 | 21 | 21 | 23 |
| Reserves | 213 | 231 | 256 | 305 | 331 | 361 | 388 | 443 | 498 | 564 | 609 | 719 | 999 |
| 78 | 82 | 48 | 31 | 37 | 26 | 8 | 23 | 4 | 3 | 5 | 27 | 24 | |
| 101 | 94 | 93 | 87 | 91 | 67 | 87 | 126 | 108 | 114 | 98 | 126 | 140 | |
| Total Liabilities | 417 | 433 | 422 | 448 | 483 | 477 | 505 | 614 | 632 | 702 | 733 | 893 | 1,186 |
| 26 | 23 | 23 | 22 | 23 | 23 | 22 | 43 | 42 | 45 | 45 | 60 | 63 | |
| CWIP | 0 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 109 | 115 | 115 | 163 | 146 | 167 | 203 | 219 | 140 | 138 | 168 | 106 | 143 |
| 281 | 294 | 282 | 261 | 315 | 288 | 279 | 351 | 450 | 519 | 519 | 727 | 979 | |
| Total Assets | 417 | 433 | 422 | 448 | 483 | 477 | 505 | 614 | 632 | 702 | 733 | 893 | 1,186 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 15 | 59 | 13 | -15 | 86 | 67 | 49 | -10 | 65 | 107 | -13 | |
| 14 | -1 | 9 | -16 | 27 | -11 | -24 | -12 | 95 | -2 | -28 | 63 | |
| -27 | -0 | -45 | -27 | 4 | -41 | -52 | -0 | -90 | -31 | -54 | -13 | |
| Net Cash Flow | -12 | 14 | 22 | -30 | 16 | 34 | -9 | 37 | -5 | 32 | 26 | 37 |
| Free Cash Flow | -1 | 15 | 56 | 11 | -16 | 84 | 66 | 36 | -13 | 56 | 103 | -20 |
| CFO/OP | 29% | 105% | 214% | 87% | -15% | 187% | 183% | 95% | 22% | 99% | 121% | 16% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 144 | 156 | 130 | 113 | 129 | 71 | 100 | 116 | 95 | 101 | 86 | 70 |
| Inventory Days | 195 | 160 | 148 | 204 | 208 | 118 | 125 | 144 | 133 | 257 | 199 | 277 |
| Days Payable | 109 | 100 | 102 | 105 | 108 | 53 | 96 | 125 | 51 | 93 | 57 | 53 |
| Cash Conversion Cycle | 231 | 216 | 176 | 212 | 229 | 136 | 129 | 135 | 177 | 264 | 228 | 294 |
| Working Capital Days | 127 | 125 | 126 | 166 | 195 | 114 | 132 | 115 | 137 | 200 | 167 | 194 |
| ROCE % | 7% | 8% | 11% | 10% | 9% | 17% | 15% | 18% | 29% | 21% | 20% | 25% |
Insights
In beta| Mar 2024 | Dec 2025 | |
|---|---|---|
| Energy Intensity MJ/kg ・Standalone data |
|
|
| Number of Retail Stores (ORIGEM Brand) Number |
||
| Order Book Position INR Million |
||
Documents
Announcements
-
Intimation Of Opening Of 24Th Retail Store For Lab-Grown Diamond Jewellery Under The Brand Name 'ORIGEM'.
2d - Goldiam opened its 24th ORIGEM store in Faridabad on April 9, 2026.
-
Intimation Of Opening Of Twenty-Second (22Nd) And Twenty-Third (23Rd) Retail Stores For Lab-Grown Diamond Jewellery Under The Brand Name 'ORIGEM'.
6 Apr - Goldiam opened 22nd and 23rd ORIGEM retail stores in Hyderabad and Bengaluru on April 6, 2026.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Apr - Regulation 74(5) certificate received for quarter ended March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
1 Apr - Appointments: Mahesh K. Prasad as Manager-HR and Sushant G. Kumbhar as Works Manager, effective April 1, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
1 Apr - Resignation of Nilesh Chodankar (Manager-HR) and retirement of Bhavesh Meghani (Works Manager), effective March 31, 2026.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
Concalls
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
Aug 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023TranscriptAI SummaryPPT
-
Jun 2023Transcript PPT
-
Feb 2023TranscriptAI SummaryPPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptAI SummaryPPT
-
May 2022Transcript PPT
-
Feb 2022TranscriptAI SummaryPPT
-
Nov 2021Transcript PPT
-
Aug 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
Product Portfolio
The Company is a supplier of Natural diamond jewellery and Lab grown diamond (LGD) jewellery to global retailers, departmental stores and wholesalers. Its products include Engagement Rings, Wedding Bands, Anniversary Rings, Bridal Sets, Earrings and Pendants.[1]
It has been transitioning from a pure natural diamond in-store jewelry company to a major supplier of Lab Grown Diamond Jewellery, with an omnichannel sales strategy.[2]