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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Goldiam International Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 12:15 pm

Market Cap 3,661 Cr.
Current Price 343
High / Low405/138
Stock P/E38.8
Book Value 62.6
Dividend Yield0.37 %
ROCE19.8 %
ROE14.9 %
Face Value 2.00
PEG Ratio2.96

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Goldiam International Ltd

Competitors of Goldiam International Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Goldiam International Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales15712915116621815213585178135120133202
Expenses1181081221441671251096314511297106161
Operating Profit39212922512826233323222741
OPM %25%16%19%13%23%18%19%27%18%17%19%21%20%
Other Income1834966687-0163
Interest00001-000-0-0000
Depreciation1111111222112
Profit before tax56223229553331283921233242
Tax %19%59%26%32%28%30%30%32%25%21%23%26%23%
Net Profit4592419402321192916172332
EPS in Rs3.510.872.131.753.632.071.951.702.621.481.582.193.04

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales245264311320326308311435365406688533566
Expenses226242287298295280285379320328558429461
Operating Profit19232522322826564578130104105
OPM %8%9%8%7%10%9%8%13%12%19%19%20%19%
Other Income81061315811182223252115
Interest444323232110-0
Depreciation2223333324577
Profit before tax20262428423133686297149117114
Tax %23%27%27%23%21%34%38%32%27%31%29%27%
Net Profit161918223321204645671068586
EPS in Rs1.221.501.371.702.611.681.624.324.235.509.657.757.83
Dividend Payout %25%20%18%18%19%24%19%14%31%29%12%26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)18.75%-5.26%22.22%50.00%-36.36%-4.76%130.00%-2.17%48.89%58.21%-19.81%
Change in YoY Net Profit Growth (%)0.00%-24.01%27.49%27.78%-86.36%31.60%134.76%-132.17%51.06%9.32%-78.02%

Goldiam International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:7%
3 Years:14%
TTM:15%
Compounded Profit Growth
10 Years:20%
5 Years:15%
3 Years:21%
TTM:11%
Stock Price CAGR
10 Years:48%
5 Years:63%
3 Years:19%
1 Year:120%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:17%
Last Year:15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:39 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital25252525252523222222222121
Reserves199213231256305331361388443498564609648
Borrowings1007882483137268234355
Other Liabilities8710194938791678712610811498125
Total Liabilities410417433422448483477505614632702733799
Fixed Assets26262323222323224342454544
CWIP0022200000000
Investments120109115115163146167203219140138168104
Other Assets264281294282261315288279351450519519651
Total Assets410417433422448483477505614632702733799

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-21155913-15866749-1065107
Cash from Investing Activity +-2714-19-1627-11-24-1295-2-28
Cash from Financing Activity +23-27-0-45-274-41-52-0-90-31-54
Net Cash Flow-6-121422-301634-937-53226

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow19.00-77.00-53.00-60.00-16.00-3.00-11.0030.0037.0055.00126.00101.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days172144156130113129711001169510186
Inventory Days189195160148204208118125144133257199
Days Payable1091091001021051085396125519360
Cash Conversion Cycle251231216176212229136129135177264225
Working Capital Days237218219179202238136139135139200168
ROCE %7%7%8%11%10%9%17%15%18%29%21%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters66.27%66.39%66.39%66.39%66.39%66.39%66.39%66.39%66.60%64.26%64.26%64.26%
FIIs0.39%0.47%0.10%0.00%0.08%0.00%0.06%0.03%0.01%0.00%0.07%0.16%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public33.33%33.14%33.51%33.60%33.52%33.61%33.54%33.56%33.39%35.75%35.67%35.59%
No. of Shareholders37,85036,54043,68147,25946,68847,70951,43557,51461,32864,90263,00264,717

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.0010.0010.00
Basic EPS (Rs.)8.517.829.6130.2619.73
Diluted EPS (Rs.)8.397.829.6130.2619.73
Cash EPS (Rs.)9.088.5010.2231.8821.54
Book Value[Excl.RevalReserv]/Share (Rs.)59.5054.3448.27217.04187.33
Book Value[Incl.RevalReserv]/Share (Rs.)59.5054.3448.27217.04187.33
Revenue From Operations / Share (Rs.)56.4548.9363.11183.09164.38
PBDIT / Share (Rs.)12.0111.4714.2038.4729.57
PBIT / Share (Rs.)11.4410.7913.7036.8428.45
PBT / Share (Rs.)11.4310.7813.6443.8227.96
Net Profit / Share (Rs.)8.517.829.7230.2520.42
NP After MI And SOA / Share (Rs.)8.517.759.6527.5221.14
PBDIT Margin (%)21.2623.4322.4921.0117.99
PBIT Margin (%)20.2522.0521.7020.1217.31
PBT Margin (%)20.2522.0321.6123.9317.01
Net Profit Margin (%)15.0715.9715.4016.5112.42
NP After MI And SOA Margin (%)15.0715.8315.2915.0312.86
Return on Networth / Equity (%)14.4114.4120.2313.1211.43
Return on Capital Employeed (%)19.0219.6328.1116.8915.17
Return On Assets (%)12.3711.9716.639.939.28
Total Debt / Equity (X)0.000.150.010.040.01
Asset Turnover Ratio (%)0.830.790.860.520.44
Current Ratio (X)7.326.005.574.064.81
Quick Ratio (X)4.913.663.833.233.76
Inventory Turnover Ratio (X)1.401.813.902.281.96
Dividend Payout Ratio (NP) (%)0.0033.5612.540.0029.39
Dividend Payout Ratio (CP) (%)0.0030.8611.920.0027.91
Earning Retention Ratio (%)0.0066.4487.46100.0070.61
Cash Earning Retention Ratio (%)0.0069.1488.08100.0072.09
Interest Coverage Ratio (X)4628.961242.11228.16285.6259.90
Interest Coverage Ratio (Post Tax) (X)3282.86847.80157.28172.7542.36
Enterprise Value (Cr.)1682.671388.421570.39703.13154.40
EV / Net Operating Revenue (X)2.792.602.281.730.42
EV / EBITDA (X)13.1211.1110.158.242.35
MarketCap / Net Operating Revenue (X)3.022.622.401.860.53
Retention Ratios (%)0.0066.4387.4599.9970.60
Price / BV (X)2.892.393.171.630.47
Price / Net Operating Revenue (X)3.022.622.401.860.53
EarningsYield0.040.060.060.080.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Goldiam International Ltd as of November 14, 2024 is: 363.24

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 14, 2024, Goldiam International Ltd is Undervalued by 5.90% compared to the current share price 343.00

Intrinsic Value of Goldiam International Ltd as of November 14, 2024 is: 410.84

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 14, 2024, Goldiam International Ltd is Undervalued by 19.78% compared to the current share price 343.00

Last 5 Year EPS CAGR: 13.11%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (388.15 cr) compared to borrowings (34.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (390.62 cr) and profit (62.38 cr) over the years.
  1. The stock has a low average ROCE of 14.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 184.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 198.42, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Goldiam International Ltd:
    1. Net Profit Margin: 15.07%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.02% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 14.41% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3282.86
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 4.91
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 38.8 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Goldiam International Ltd. is a Public Limited Listed company incorporated on 10/10/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L36912MH1986PLC041203 and registration number is 041203. Currently company belongs to the Industry of Diamond Cutting/Precious Metals/Jewellery. Company’s Total Operating Revenue is Rs. 390.73 Cr. and Equity Capital is Rs. 21.79 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious MetalsGems & Jewellery Complex, Mumbai Maharashtra 400096investorrelations@goldiam.com
http://www.goldiam.com
Management
NamePosition Held
Mr. Rashesh M BhansaliExecutive Chairman
Mr. Anmol R BhansaliWhole Time Director
Mrs. Tulsi GuptaNon Exe.Non Ind.Director
Mr. Pannkaj C GhadialiIndependent Director
Mr. Nipa Utpal ShethIndependent Director
Mrs. Ruchi Shrinath PandyaIndependent Director

FAQ

What is the latest intrinsic value of Goldiam International Ltd?

The latest intrinsic value of Goldiam International Ltd as on 14 November 2024 is ₹363.24, which is 5.90% higher than the current market price of ₹343.00.

What is the Market Cap of Goldiam International Ltd?

The Market Cap of Goldiam International Ltd is 3,661 Cr..

What is the current Stock Price of Goldiam International Ltd as on 14 November 2024?

The current stock price of Goldiam International Ltd as on 14 November 2024 is ₹343.

What is the High / Low of Goldiam International Ltd stocks in FY 2024?

In FY 2024, the High / Low of Goldiam International Ltd stocks is 405/138.

What is the Stock P/E of Goldiam International Ltd?

The Stock P/E of Goldiam International Ltd is 38.8.

What is the Book Value of Goldiam International Ltd?

The Book Value of Goldiam International Ltd is 62.6.

What is the Dividend Yield of Goldiam International Ltd?

The Dividend Yield of Goldiam International Ltd is 0.37 %.

What is the ROCE of Goldiam International Ltd?

The ROCE of Goldiam International Ltd is 19.8 %.

What is the ROE of Goldiam International Ltd?

The ROE of Goldiam International Ltd is 14.9 %.

What is the Face Value of Goldiam International Ltd?

The Face Value of Goldiam International Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Goldiam International Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE