Goldiam International (GOLDIAM) had a P/E of 22.8× on 6 Nov 2026, above the industry P/E of 19.6×, and the shares are 20% below their 52-week high. Sales and net profit grew 22% and 26% a year over 3 years, with ROCE of 20% and ROE of 18%. It carries very little debt, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹4,767 Cr, ranked 14th of 82 Luxury Goods companies by market cap; the shares rose 17% over the past year.
- ₹322.00
- ₹323.90
- ₹314.00
- ₹322.25
- 4.1 L
Health check
- ReturnsBehind
+16.9% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 22.8 vs industry 19.6.
- GrowthSlow
Sales +22.4%, profit +26.4% a year over 3 years.
- ProfitabilityWeak
ROCE 20.3% vs peer median 34.2%.
- Balance sheetStretched
Debt 0.07× equity, interest covered 76.2×, Piotroski 3 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹4,767 Cr
- Small cap
- P/E
- 22.8
- Industry 19.6
- Price to book
- 4.31
- Peers 8.57
- Dividend yield
- 0.65%
- ROE
- 18.5%
- Peers 29.3%
- ROCE
- 20.3%
- Peers 34.2%
- Debt to equity
- 0.07
- Debt ₹77 Cr
- EPS (TTM)
- ₹13.88
- Face value ₹2
- OPM (TTM)
- 21.0%
- Net margin 19.7%
- Sales growth
- +41.9%
- Latest quarter vs a year ago
- Profit growth
- +120.1%
- Latest quarter vs a year ago
- Price to sales
- 4.44
- EV/EBITDA 19.2
Strengths and risks
Strengths
- Return on equity of 18.5%.
- Return on capital employed of 20.3%.
- Practically debt-free.
- Quarterly profit up 120.1% on a year ago.
- Quarterly sales up 41.9% on a year ago.
About Goldiam International
Goldiam International Limited, together with its subsidiaries, manufactures and sells diamond-studded gold and silver jewelry products in India. It operates in two segments: Jewellery Manufacturing Activity and Investment Activity. The company offers lab-grown diamond jewellery, engagement and anniversary rings, wedding bands, bridal sets, earrings, pendants, and necklaces. It also exports its products to the United States, the Middle East, Europe,…
- Headquarters
- Mumbai
- Employees
- 186
- Sector
- Consumer Cyclical
- ISIN
- INE025B01025
- Website
- goldiam.com
Price range
- Avg volume (3M)
- 5.4 L
- 1-year return
- plus 16.9%
- From 52-week high
- minus 20.5%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| GOLDIAMGoldiam International | 316.65 | minus 1.74% | 4,767 | 22.8 | 4.31 | 20.3% | 18.5% | 21.0% | 22.4% | 26.4% | 0.65% | plus 16.9% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 230 | 193 | 320 | 235 | 326 | |
| 189 | 154 | 249 | 185 | 260 | |
| 41.2 | 38.3 | 70.7 | 49.5 | 66.3 | |
| 17.9% | 19.9% | 22.1% | 21.1% | 20.3% | |
| 6 | 9.1 | 20 | 8.7 | 37.6 | |
| 0.1 | 0.1 | 0.2 | 1.4 | 1.6 | |
| 1.6 | 1.7 | 2 | 5.7 | 5 | |
| 45.4 | 45.7 | 88.6 | 51.2 | 97.4 | |
| 26.0% | 31.4% | 22.8% | 27.3% | 24.0% | |
| 33.6 | 31.4 | 68.4 | 37.2 | 74 | |
| 2.36 | 1.95 | 4.54 | 2.48 | 4.91 |
Profit & loss
- Sales CAGR 3Y
- +22.4%
- Profit CAGR 3Y
- +26.4%
- EPS CAGR 3Y
- +24.5%
- ROE
- 18.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 533 | 603 | 781 | 977 | |
| – | +13.1% | +29.5% | +25.1% | |
| 429 | 488 | 617 | 754 | |
| 105 | 115 | 164 | 223 | |
| 19.6% | 19.0% | 21.0% | 22.8% | |
| 20.6 | 13.5 | 17.1 | 43.8 | |
| 0.2 | 0 | 1 | 3.1 | |
| 7.4 | 6.1 | 9.1 | 14.6 | |
| −0 | −0 | 1.8 | −18.5 | |
| 117 | 122 | 173 | 231 | |
| 27.5% | 25.5% | 32.1% | 26.1% | |
| 84.4 | 90.8 | 117 | 171 | |
| – | +7.6% | +28.9% | +45.8% | |
| 5.87 | 6.34 | 8.23 | 11.33 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.8 | 21.4 | 21.4 | 22.6 | |
| 564 | 609 | 719 | 1,083 | |
| 2.7 | 4.7 | 27 | 77 | |
| 116 | 99.2 | 127 | 180 | |
| 705 | 734 | 894 | 1,363 | |
| 42.5 | 44.5 | 59 | 89.5 | |
| 18.9 | 6.1 | 6.9 | 14.5 | |
| 237 | 307 | 283 | 478 | |
| 406 | 377 | 545 | 780 | |
| 705 | 734 | 894 | 1,363 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 65.2 | 107 | −10.1 | 23.6 | |
| −1.8 | −27.6 | 63.2 | −70.8 | |
| −31.1 | −53.5 | −15.9 | 171 | |
| 32.3 | 25.9 | 37.2 | 124 | |
| −9.2 | −6.6 | −7.5 | −15.6 | |
| 55.9 | 100 | −17.6 | 8 | |
| −28.3 | −12.8 | −21.4 | −42.3 |
Shareholding pattern
- Promoters58.51%
- Public41.49%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.51% | 41.49% | 0.00 | |
| 30 Jun 2026 | 58.51% | 41.49% | 0.00 | |
| 31 Mar 2026 | 58.51% | 41.49% | 0.00 | |
| 31 Dec 2025 | 58.51% | 41.49% | 0.00 | |
| 30 Sep 2025 | 58.51% | 41.49% | – |
Major shareholders
Filings & events
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