1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Luxury Goods
Goldiam International Limited

Goldiam International Limited

GOLDIAM.NS
Goldiam International LimitedIN flagNational Stock Exchange of India
464.80
INR
-15.60
- -
52.48BMarket Cap
Goldiam International Limited
GOLDIAM.NS
(National Stock Exchange of India)

Recent

price

464.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
19.17
19.66
21.3
25.16
25.78
26.46
24.71
24.94
35.79
31.83
36.62
62.36
48.93
56.45
73.16
86.52
86.26
Revenue per Share
1.5
1.22
1.5
1.37
1.7
2.61
1.68
1.62
4.08
4.09
5.5
9.54
7.75
8.5
10.97
15.11
15.06
Basic EPS, GAAP
-1.91
1.65
-1.35
-0.1
1.01
4.48
0.89
-1.34
6.86
5.69
1.7
-1.21
5.13
9.4
-1.65
0.71
- -
Free Cash Flow per Basic Share
0.4
0.22
0.33
0.1
0.24
0.7
0.5
- -
0.69
1.2
1.3
1.2
2.6
1.2
2
3.75
- -
Dividend per Share
2
12.1
13.2
14.27
15.6
19.32
21.53
23.77
27.99
32.7
39.06
45.75
51.92
57
67.09
2
1.99
Book Value per Share
15.8
17.87
19.04
20.18
21.54
25.07
27.41
29.39
32.26
36.23
43.28
47.59
54.26
59.45
69.72
98.12
97.82
Tangible Book Value per Share
125
125
125
125
125
125
125
125
121
115
111
110
109
107
107
113
113
Basic Weighted Avg Shares
2,391
2,453
2,657
3,138
3,216
3,300
3,082
3,111
4,346
3,645
4,060
6,877
5,332
6,029
7,810
9,769
9,769
Sales/Revenue/Turnover
105.2
6.79
7.83
7.02
5.88
8.61
8.72
7.63
12.33
11.68
19.86
18.15
18.22
18.03
19.69
19.42
19.33
Operating Margin (%)
23
21
21
24
34
27
26
25
27
25
36
54
74
61
91
146
109
Depreciation Expense
187
152
187
171
213
325
210
202
496
469
610
1,052
844
908
1,171
1,706
1,706
Net Income, GAAP
10.08
23
26.51
27.09
23.34
21.06
33.71
38.11
31.67
27
30.96
28.71
27.48
25.54
32.12
26.09
26.09
Effective Tax Rate (%)
7.81
6.21
7.02
5.44
6.61
9.85
6.81
6.48
11.41
12.86
15.03
15.29
15.83
15.06
14.99
17.46
17.46
Profit Margin (%)
1,685
1,856
1,913
2,082
2,083
2,378
2,758
3,173
3,184
3,396
3,988
4,637
5,301
5,837
6,985
10,368
10,368
Working Capital
497
- -
- -
- -
- -
1
- -
- -
- -
- -
2
10
22
34
144
330
330
LT Debt
1,971
2,229
2,375
2,517
2,695
3,138
3,432
3,678
3,925
4,154
4,813
5,260
5,921
6,355
7,451
11,111
11,111
Total Equity
98.45
4.76
4.86
4.82
4.26
6.29
4.84
3.78
8.91
7.35
11.81
16.75
12.24
12.86
14.3
14.03
13.96
Return on Invested Capital (%)
27.87
10.66
7.1
6.97
7.98
11.26
7.19
6.38
15.01
12.9
12.83
21.26
15.39
15.21
17.22
40.57
40.32
Return on Capital (%)
74.83
17.31
11.82
9.96
11.41
14.92
8.24
7.14
15.58
13.13
15.11
22.43
15.77
15.46
17.68
46.18
46.18
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
55
- -
440
LT Borrowings
- -
- -
- -
LT Finance Leases
187
- -
330
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
113
- -
113
Market Capitalization
42,543
40,514
30,424

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
11,039
- -
12,469
Cash, Cash Equivalents & STI
4,538
- -
4,789
Accounts Receivable, Net
1,869
- -
1,742
Inventories
4,564
- -
5,831
Total Current Liabilities
1,332
- -
2,100
Payables & Accruals
- -
- -
- -
ST Debt
55
- -
440
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.05%
19.11%
49.11%
Free Cash Flow
-189.63%
-174.79%
-145.29%
Net Income, GAAP
26.61%
26.97%
45.68%
Sales/Revenue/Turnover
14.39%
22.92%
25.08%
Total Cash Common Dividend
- -
43.29%
98.25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,198
1,334
2,018
1,479
6,029
2025
1,658
1,370
2,796
1,986
7,810
2026
2,297
1,928
3,197
2,346
9,769

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.59
2.2
3.03
- -
8.5
2025
2.06
2.07
4.66
2.17
10.97
2026
3.15
2.6
6.06
3.3
15.11

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.2
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
3.75
Similar Companies
Chow Tai Seng Jewellery Co., Ltd. (002867.SZ)
Emperor Watch & Jewellery Limited (EPRJF)
Sac's Bar Holdings Inc. (9990.T)
Mene Inc. (MENE.V)
The Swatch Group AG (SWGAF)
Fovea Jewelry Holdings, Ltd (FJHL)
Business
Goldiam International Limited is a Mumbai-based manufacturer and exporter of diamond and precious metal jewelry, operating primarily in the mid-to-affordable diamond and bridal jewelry segments. Founded in 1986, the company produces a comprehensive range of products including gold, silver, platinum, and diamond-studded jewelry such as engagement rings, wedding bands, anniversary rings, bridal sets, earrings, pendants, and necklaces. Goldiam serves major global markets, including the United States and Europe, with dedicated sales offices and design teams in India and the US. The company emphasizes responsible sourcing of diamonds and employs advanced manufacturing technologies to achieve precision and efficiency, enabling short delivery lead times. It functions primarily as a B2B manufacturer for leading global branded retailers, department stores, and wholesalers, with a focus on optimizing cost and product development cycles. Recently, Goldiam has made strategic moves including the acquisition of Eco-Friendly Diamonds LLP to expand its portfolio into the high-growth lab-grown diamond (LGD) segment, which now represents a significant part of its sales. The company raised ₹202 crore through a qualified institutional placement (QIP) in late 2024, reinforcing its net-debt free financial position and funding growth initiatives. Goldiam is actively expanding its geographic footprint beyond the US and European markets into regions like Australia and the Middle East and is diversifying its revenue streams by branching into fashion jewelry alongside its core bridal offerings. Technological adoption and digital initiatives are also pivotal to its current growth strategy, enhancing product innovation and customer engagement. These recent developments position Goldiam for accelerated expansion and increased market penetration in the global jewelry industry.