About the Company
Goldiam International Ltd. is a leading Indian manufacturer and exporter of diamond-studded jewelry, catering primarily to international markets like the U.S., Europe, and the Middle East. Established in 1986, the company has built a strong reputation for high-quality craftsmanship, ethical sourcing, and innovative jewelry designs. With a focus on sustainability, Goldiam is among the pioneers in offering eco-friendly and lab-grown diamonds, making it a standout player in the evolving jewelry industry.
Mission and Vision
Mission: To deliver premium-quality, responsibly sourced jewelry through innovation and advanced manufacturing processes while maintaining ethical and environmental integrity.
Vision: To be a global leader in diamond-studded jewelry, setting benchmarks for quality, sustainability, and customer satisfaction.
Key Milestones
- 1986: Established as a diamond jewelry manufacturer.
- 1994: Listed on the Indian stock exchanges.
- 2000s: Expanded presence in major global markets, especially the U.S.
- 2015: Introduced lab-grown diamonds as part of its sustainable initiatives.
- 2021: Reported strong revenue growth driven by increased demand for ethical and customized jewelry.
- 2023: Strengthened its digital footprint and expanded its manufacturing capacity.
Market Segmentation
Goldiam International operates in three major segments:
- Natural Diamond Jewelry: Traditional diamond jewelry catering to high-end customers.
- Lab-Grown Diamonds: A growing segment that aligns with sustainable and affordable luxury trends.
- Customized and Certified Jewelry: Tailored jewelry solutions for global retailers and online platforms.
Product Portfolio and Market Share
Goldiam specializes in:
- Diamond rings, earrings, bracelets, and pendants.
- Engagement and wedding collections.
- Customized jewelry for retail chains and e-commerce platforms.
- Ethical and lab-grown diamond solutions.
The company has a strong presence in international markets, with the U.S. contributing a significant share of its revenue. Goldiam's market share in the Indian jewelry export sector is steadily growing, thanks to its innovative offerings and sustainable initiatives.
Industry Trends and Outlook
- Growing Demand for Lab-Grown Diamonds: Rising awareness of ethical sourcing is fueling demand for sustainable jewelry.
- Digital Expansion: Increasing e-commerce penetration is reshaping consumer buying patterns.
- Customization and Personalization: Consumers are favoring unique, made-to-order designs.
- Stable Demand from the U.S.: A key driver for Indian jewelry exporters remains strong in 2024.
- Government Policies and Incentives: Favorable export policies and tax benefits support the growth of Indian jewelry manufacturers.
Key Financial Metrics
| Key Metrics |
Key Metrics |
Key Metrics |
Key Metrics |
| Market Capitalization |
4573.5 |
Institutions holding % |
1.11 |
Net Profit TTM Growth % |
25.2 |
Relative returns vs Nifty50 quarter% |
30.9 |
| TTM PE Ratio |
41 |
Rev. Growth Qtr YoY % |
38.6 |
Operating Profit Margin Qtr % |
22.4 |
Relative returns vs Sector quarter% |
30.8 |
| TTM PEG Ratio |
1.6 |
Revenue Growth (TTM) |
23.8 |
OPM TTM % |
20.2 |
ROE Ann. % |
14.4 |
| Price to Book Ratio |
6.8 |
Net Profit Qtr Growth YoY % |
53.5 |
Piotroski Score |
9 |
RoA Ann. % |
12.4 |
Share Price Performance
Goldiam International’s stock has shown steady performance over the years, driven by strong earnings and industry tailwinds. The stock has delivered healthy returns to investors, particularly as demand for sustainable jewelry has surged. Volatility remains, influenced by global economic trends and forex fluctuations.
| Time |
Goldiam International |
Nifty50 Returns |
Sensex Returns |
Industry Returns |
Sector Returns |
| 1 Day |
4.19% |
-0.68% |
-0.69% |
0.24% |
0.34% |
| 1 Week |
-21.85% |
-3.47% |
-3.58% |
-8.44% |
-7.45% |
| 1 Month |
-9.33% |
-2.2% |
-2.08% |
-6.79% |
-8.54% |
| 3 Months |
24.6% |
-5.08% |
-4.69% |
-2.76% |
-4.98% |
| 6 Months |
113.63% |
-5.96% |
-4.94% |
2.76% |
0.51% |
| 1 Year |
110% |
5.25% |
5.83% |
10.81% |
13.97% |
| 3 Year |
157.45% |
31.89% |
30.29% |
218.18% |
164.99% |
| 5 Years |
1,284.72% |
89.26% |
83.83% |
332.11% |
454.96% |
| 10 Years |
7,038.05% |
165.62% |
165.54% |
732.18% |
743.42% |
Shareholding Pattern
| Summary |
Dec 2024 |
Sep 2024 |
Jun 2024 |
Mar 2024 |
Dec 2023 |
Sep 2023 |
Aug 11, 2023 |
Jun 2023 |
Mar 2023 |
| Promoter |
62.4% |
63.3% |
64.3% |
64.3% |
64.3% |
66.6% |
66.6% |
66.4% |
66.4% |
| FII |
0.7% |
0.6% |
0.2% |
0.1% |
0% |
0.0% |
0% |
0.0% |
0.1% |
| DII |
0.4% |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
0% |
| Public |
36.5% |
36.1% |
35.6% |
35.7% |
35.8% |
33.4% |
33.4% |
33.6% |
33.5% |
Peer Comparison
| Stock |
Current Price |
Market Capitalization |
PE TTM Price to Earnings |
PEG TTM PE to Growth |
ROE Annual % |
RoA Annual % |
Piotroski Score |
Revenue Growth Annual YoY % |
Net Profit Annual YoY Growth % |
Dividend yield 1yr % |
| Goldiam International |
428.45 |
4575.64 |
40.97 |
1.63 |
14.40% |
12.36% |
9 |
11.27% |
7.57% |
0.23% |
| Kalyan Jewellers |
510.7 |
52675.41 |
79.24 |
3.11 |
14.25% |
4.66% |
6 |
31.98% |
37.92% |
0.23% |
| P N Gadgil Jewellers |
535.95 |
7273.29 |
40.12 |
|
29.03% |
10.58% |
6 |
34.23% |
108.86% |
0.00% |
| PC Jeweller Ltd. |
13.71 |
8004.13 |
22.16 |
0.15 |
-21.46% |
-8.65% |
2 |
-74.59% |
-209.72% |
0.00% |
| Senco Gold Ltd. |
438.25 |
7169.98 |
34.99 |
1.65 |
13.25% |
4.86% |
4 |
28.60% |
14.21% |
0.11% |
| Thangamayil Jewellery |
1799.95 |
5597.43 |
48.44 |
-5.82 |
24.98% |
8.32% |
6 |
21.43% |
54.55% |
0.33% |
| Titan Company Ltd. |
3268.7 |
290190.68 |
89.65 |
-14.46 |
37.21% |
11.08% |
4 |
26.26% |
7.57% |
0.34% |
SWOT Analysis
Strengths:
- Strong global presence with a focus on exports.
- Innovative and sustainable jewelry offerings.
- Debt-free, financially stable business model.
- Advanced manufacturing with automation and customization capabilities.
Weaknesses:
- Dependence on U.S. markets for a major portion of revenue.
- Exposure to forex fluctuations impacting profitability.
- Limited domestic market presence compared to peers like Titan.
Opportunities:
- Expanding lab-grown diamond segment.
- Increasing demand for customized and online jewelry sales.
- Strategic partnerships with international retailers and e-commerce platforms.
Threats:
- Global economic downturns affecting luxury spending.
- Competition from larger players with stronger brand presence.
- Regulatory and trade policy changes impacting exports.
Growth Outlook
Goldiam International is well-positioned to capitalize on key industry trends, including:
- Expansion in Lab-Grown Diamonds: As sustainability gains traction, the company’s investments in this segment can drive revenue growth.
- Digital and E-Commerce Growth: Strengthening online sales channels will enhance market reach and customer engagement.
- Strategic Tie-Ups: Collaborations with international brands and retail giants can accelerate market penetration.
- Operational Efficiency: Technological upgrades in manufacturing can further improve margins and profitability.
Final Words
Goldiam International Ltd. has established itself as a key player in the global jewelry export industry, backed by innovation, sustainability, and strong financials. With its growing focus on lab-grown diamonds, digital expansion, and efficient manufacturing, the company is poised for long-term growth. While challenges like forex risks and market dependence exist, its strategic initiatives and robust fundamentals make it a compelling investment for long-term investors seeking exposure to the luxury and sustainable jewelry space.
Discalimer!
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