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Goldiam International Limited
(GOLDIAM)
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Rating:71Outperform
Price Target:
₹359.00
▲(1.70% Upside)
Action:Reiterated
Date:07/12/26
The score is supported most by strong technical uptrend and momentum, and solid profitability/capital structure, but is capped by weak and inconsistent cash-flow conversion and a relatively full valuation (P/E ~25 with a low dividend yield).
Positive Factors
Strong Revenue Expansion
The substantial increase in revenue indicates that Goldiam has expanded its jewellery business over several years, supporting a larger operating base and broader market reach. Continued scale can strengthen manufacturing economics and provide a foundation for sustained earnings growth.
Negative Factors
Volatile Cash Conversion
Unstable operating and free cash flow makes reported profitability less dependable as a source of usable funds. Recurring swings suggest working-capital movements or uneven cash conversion, which can constrain reinvestment, increase reliance on balance-sheet resources, and make financial planning less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
The substantial increase in revenue indicates that Goldiam has expanded its jewellery business over several years, supporting a larger operating base and broader market reach. Continued scale can strengthen manufacturing economics and provide a foundation for sustained earnings growth.
Read all positive factors
Goldiam International Limited (GOLDIAM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹48.88B
Dividend Yield0.87%
Average Volume (3M)51.78K
Price to Earnings (P/E)19.3
Beta (1Y)2.45
Revenue Growth27.01%
EPS Growth55.10%
CountryIN
Employees348
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)16.87
Shares Outstanding150,557,130
10 Day Avg. Volume24,370
30 Day Avg. Volume51,777
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)2.01
Price to Sales (P/S)2.28
P/FCF Ratio156.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Goldiam International Limited Business Overview & Revenue Model
Company Description
Goldiam International Limited, together with its subsidiaries, manufactures and sells gold/silver/platinum and diamond studded jewelry products in India. It operates in two segments, Jewellery Manufacturing Activity and Investment Activity. The co...
How the Company Makes Money
Goldiam primarily makes money by selling diamond jewellery products it designs and manufactures to customers in domestic and export markets. Its core revenue stream is the sale of finished jewellery (rather than earning fees), with revenues recogn...
Goldiam International Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.73B | 9.77B | 7.81B | 6.03B | 5.33B | 6.88B |
| Gross Profit | 2.97B | 2.74B | 2.25B | 1.38B | 1.80B | 1.87B |
| EBITDA | 2.63B | 2.49B | 1.79B | 1.28B | 1.25B | 1.55B |
| Net Income | 2.11B | 1.71B | 1.17B | 908.12M | 851.88M | 1.05B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.63B | 8.94B | 7.34B | 7.05B | 6.32B |
| Cash, Cash Equivalents and Short-Term Investments | 4.79B | 4.79B | 2.84B | 3.07B | 2.38B | 2.04B |
| Total Debt | 0.00 | 770.13M | 270.14M | 46.91M | 26.82M | 37.82M |
| Total Liabilities | -11.11B | 2.51B | 1.48B | 988.57M | 1.13B | 1.06B |
| Stockholders Equity | 11.11B | 11.06B | 7.40B | 6.30B | 5.86B | 5.20B |
Cash Flow | ||||||
| Free Cash Flow | -337.97M | 142.55M | -196.73M | 1.00B | 559.34M | -133.22M |
| Operating Cash Flow | -293.01M | 299.02M | -121.85M | 1.07B | 651.65M | -97.68M |
| Investing Cash Flow | -242.34M | -780.36M | 621.68M | -275.73M | -146.36M | 949.89M |
| Financing Cash Flow | 1.92B | 1.72B | -127.49M | -535.16M | -311.23M | -902.39M |
Goldiam International Limited Technical Analysis
Negative
353.00
Price Trends
353.85
Negative
335.38
Negative
298.01
Positive
Market Momentum
-7.74
Positive
31.17
Neutral
7.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOLDIAM, the sentiment is Negative. The current price of 353 is above the 20-day moving average (MA) of 349.25, below the 50-day MA of 353.85, and above the 200-day MA of 298.01, indicating a neutral trend. The MACD of -7.74 indicates Positive momentum. The RSI at 31.17 is Neutral, neither overbought nor oversold. The STOCH value of 7.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GOLDIAM.
Goldiam International Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹48.88B | 19.35 | ― | 0.87% | 27.01% | 55.10% | |
64 Neutral | ₹133.03B | 13.88 | ― | 0.64% | 36.47% | -8.71% | |
61 Neutral | ₹56.78B | 9.95 | ― | 0.29% | 41.91% | 165.71% | |
57 Neutral | ₹34.86B | 16.43 | ― | 0.48% | 29.14% | 189.45% | |
57 Neutral | ₹136.02B | 215.98 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹23.14B | 13.73 | ― | 0.28% | 79.55% | 130.38% |
* General Sector Average
IN:GOLDIAM
Goldiam International Limited
324.65
30.54
10.38%
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IN:RAJESHEXPO
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78.37
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IN:SENCO
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346.45
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IN:TBZ
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522.35
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IN:BLUESTONE
Bluestone Jewellery and Lifestyle Limited
890.30
249.10
38.85%
Goldiam International Limited Corporate Events
Goldiam Warns Investors on Imminent Transfer of Unclaimed Shares to IEPF
Jun 19, 2026
Goldiam International has published reminder notices in national and regional newspapers alerting shareholders that equity shares linked to dividends unclaimed for seven or more consecutive years will be transferred to the Investor Education and P...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.