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Last Updated: April 2, 2026, 2:59 am
Author: Getaka|Social: XLinkedIn

Goldiam International Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹261.42Fairly Valued by 9.86%vs CMP ₹290.00

P/E (20.9) × ROE (17.1%) × BV (₹90.50) × DY (1.03%)

₹167.78Overvalued by 42.14%vs CMP ₹290.00
MoS: -72.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹282.2122%Fair (-2.7%)
Graham NumberEarnings₹169.7416%Over (-41.5%)
Earnings PowerEarnings₹67.4013%Over (-76.8%)
DCFCash Flow₹210.3213%Over (-27.5%)
Net Asset ValueAssets₹90.397%Over (-68.8%)
EV/EBITDAEnterprise₹144.699%Over (-50.1%)
Earnings YieldEarnings₹141.507%Over (-51.2%)
ROCE CapitalReturns₹130.219%Over (-55.1%)
Revenue MultipleRevenue₹69.075%Over (-76.2%)
Consensus (9 models)₹167.78100%Overvalued
Key Drivers: Wide model spread (₹67–₹282) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.0%

*Investments are subject to market risks

Investment Snapshot

71
Goldiam International Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health83/100 · Strong
ROCE 24.6% ExcellentROE 17.1% GoodD/E 0.04 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 58.5% Stable
Earnings Quality40/100 · Moderate
OPM stable around 20% SteadyWorking capital: 194 days Capital intensive
Quarterly Momentum90/100 · Strong
Revenue (4Q): +38% YoY AcceleratingProfit (4Q): +47% YoY Strong
Industry Rank85/100 · Strong
P/E 20.9 vs industry 45.5 Cheaper than peersROCE 24.6% vs industry 6.9% Above peersROE 17.1% vs industry 5.1% Above peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:59 am

Market Cap 3,279 Cr.
Current Price 290
Intrinsic Value₹167.78
High / Low 444/251
Stock P/E20.9
Book Value 90.5
Dividend Yield1.03 %
ROCE24.6 %
ROE17.1 %
Face Value 2.00
PEG Ratio2.63

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

View Share Price Target for Goldiam International Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Goldiam International Ltd 3,279 Cr. 290 444/25120.9 90.51.03 %24.6 %17.1 % 2.00
Motisons Jewellers Ltd 1,217 Cr. 12.2 24.0/10.618.3 4.480.00 %14.5 %11.6 % 1.00
Asian Star Company Ltd 999 Cr. 624 800/53327.5 1,0050.24 %4.20 %2.89 % 10.0
Mini Diamonds (India) Ltd 191 Cr. 16.2 43.6/14.536.9 5.530.00 %16.2 %12.6 % 2.00
Ashapuri Gold Ornament Ltd 123 Cr. 3.68 8.28/3.136.81 4.800.00 %13.8 %10.2 % 1.00
Industry Average1,161.80 Cr80.6745.4989.580.48%6.93%5.13%6.00

All Competitor Stocks of Goldiam International Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 85178135120133202148166137280199230193
Expenses 6314511297106161124136106217162189154
Operating Profit 23332322274124303163364138
OPM % 27%18%17%19%21%20%16%18%22%22%18%18%20%
Other Income 87-01633448369
Interest 0-0-0000-0000000
Depreciation 2221122122222
Profit before tax 28392123324226333369384546
Tax % 32%25%21%23%26%23%31%33%33%28%38%26%31%
Net Profit 19291617233218222250233431
EPS in Rs 1.702.621.481.582.193.041.662.062.074.662.163.152.78

Last Updated: January 1, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 311320326308311435365406688533603781941
Expenses 287298295280285379320328558429488621754
Operating Profit 2522322826564578130104115160186
OPM % 8%7%10%9%8%13%12%19%19%20%19%21%20%
Other Income 613158111822232521141938
Interest 4323232110011
Depreciation 2333332457667
Profit before tax 2428423133686297149117122173217
Tax % 27%23%21%34%38%32%27%31%29%27%26%32%
Net Profit 18223321204645671068591117157
EPS in Rs 1.371.702.611.681.624.324.235.509.657.758.5010.9614.15
Dividend Payout % 18%18%19%24%19%14%31%29%12%26%14%27%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)22.22%50.00%-36.36%-4.76%130.00%-2.17%48.89%58.21%-19.81%7.06%28.57%
Change in YoY Net Profit Growth (%)0.00%27.78%-86.36%31.60%134.76%-132.17%51.06%9.32%-78.02%26.87%21.51%

Goldiam International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:16%
3 Years:4%
TTM:30%
Compounded Profit Growth
10 Years:20%
5 Years:20%
3 Years:4%
TTM:35%
Stock Price CAGR
10 Years:48%
5 Years:76%
3 Years:42%
1 Year:17%
Return on Equity
10 Years:14%
5 Years:16%
3 Years:16%
Last Year:17%

Last Updated: September 5, 2025, 5:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:18 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 25252525252322222222212123
Reserves 213231256305331361388443498564609719999
Borrowings 7882483137268234352724
Other Liabilities 10194938791678712610811498126140
Total Liabilities 4174334224484834775056146327027338931,186
Fixed Assets 26232322232322434245456063
CWIP 0222000000000
Investments 109115115163146167203219140138168106143
Other Assets 281294282261315288279351450519519727979
Total Assets 4174334224484834775056146327027338931,186

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1155913-15866749-1065107-13
Cash from Investing Activity + 14-19-1627-11-24-1295-2-2863
Cash from Financing Activity + -27-0-45-274-41-52-0-90-31-54-13
Net Cash Flow -121422-301634-937-5322637
Free Cash Flow -1155611-16846636-1356103-20
CFO/OP 29%105%214%87%-15%187%183%95%22%99%121%16%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-53.00-60.00-16.00-3.00-11.0030.0037.0055.00126.00101.00110.00133.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 14415613011312971100116951018670
Inventory Days 195160148204208118125144133257199277
Days Payable 109100102105108539612551935753
Cash Conversion Cycle 231216176212229136129135177264228294
Working Capital Days 127125126166195114132115137200167194
ROCE %7%8%11%10%9%17%15%18%29%21%20%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.39%66.39%66.60%64.26%64.26%64.26%63.32%62.38%62.06%61.87%58.51%58.51%
FIIs 0.06%0.03%0.01%0.00%0.07%0.16%0.58%0.74%1.35%0.87%1.47%0.74%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.37%0.68%0.91%1.15%1.10%
Public 33.54%33.56%33.39%35.75%35.67%35.59%36.11%36.50%35.92%36.33%38.87%39.66%
No. of Shareholders 51,43557,51461,32864,90263,00264,71768,53973,59079,68782,46782,86782,571

Shareholding Pattern Chart

No. of Shareholders

Goldiam International Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.0010.00
Basic EPS (Rs.) 10.979.517.829.6130.26
Diluted EPS (Rs.) 10.978.457.829.6130.26
Cash EPS (Rs.) 11.569.088.5010.2231.88
Book Value[Excl.RevalReserv]/Share (Rs.) 69.3059.5054.3448.27217.04
Book Value[Incl.RevalReserv]/Share (Rs.) 69.3059.5054.3448.27217.04
Revenue From Operations / Share (Rs.) 73.1356.4548.9363.11183.09
PBDIT / Share (Rs.) 16.7812.0111.4714.2038.47
PBIT / Share (Rs.) 16.1911.4410.7913.7036.84
PBT / Share (Rs.) 16.1511.4310.7813.6443.82
Net Profit / Share (Rs.) 10.978.517.829.7230.25
NP After MI And SOA / Share (Rs.) 10.968.507.759.6527.52
PBDIT Margin (%) 22.9421.2623.4322.4921.01
PBIT Margin (%) 22.1320.2522.0521.7020.12
PBT Margin (%) 22.0820.2522.0321.6123.93
Net Profit Margin (%) 14.9915.0715.9715.4016.51
NP After MI And SOA Margin (%) 14.9815.0615.8315.2915.03
Return on Networth / Equity (%) 15.8114.4014.4120.2313.12
Return on Capital Employeed (%) 22.5519.0219.6328.1116.89
Return On Assets (%) 13.0912.3611.9716.639.93
Total Debt / Equity (X) 0.010.000.150.010.04
Asset Turnover Ratio (%) 0.950.830.790.860.52
Current Ratio (X) 6.497.326.005.574.06
Quick Ratio (X) 3.444.913.663.833.23
Inventory Turnover Ratio (X) 2.561.401.813.902.28
Dividend Payout Ratio (NP) (%) 18.2514.1133.5612.540.00
Dividend Payout Ratio (CP) (%) 17.3113.2230.8611.920.00
Earning Retention Ratio (%) 81.7585.8966.4487.46100.00
Cash Earning Retention Ratio (%) 82.6986.7869.1488.08100.00
Interest Coverage Ratio (X) 503.914628.961242.11228.16285.62
Interest Coverage Ratio (Post Tax) (X) 330.323282.86847.80157.28172.75
Enterprise Value (Cr.) 3850.371682.671388.421570.39703.13
EV / Net Operating Revenue (X) 4.932.792.602.281.73
EV / EBITDA (X) 21.4913.1211.1110.158.24
MarketCap / Net Operating Revenue (X) 5.153.022.622.401.86
Retention Ratios (%) 81.7485.8866.4387.4599.99
Price / BV (X) 5.432.892.393.171.63
Price / Net Operating Revenue (X) 5.153.022.622.401.86
EarningsYield 0.020.040.060.060.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 is involved in the business activities of Manufacture of jewellery of gold, silver and other precious or base metal metal clad with precious metals or precious or semi-precious stones, or of combinations of precious metal and precious or semi-precious stones or of other materials. Company's Total Operating Revenue is Rs. 610.61 Cr. and Equity Capital is Rs. 21.36 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious MetalsGems & Jewellery Complex, Mumbai Maharashtra 400096Contact not found
Management
NamePosition Held
Mr. Rashesh M BhansaliExecutive Chairman
Mr. Anmol R BhansaliManaging 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 intrinsic value of Goldiam International Ltd and is it undervalued?

As of 10 April 2026, Goldiam International Ltd's intrinsic value is ₹167.78, which is 42.14% lower than the current market price of ₹290.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.1 %), book value (₹90.5), dividend yield (1.03 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Goldiam International Ltd?

Goldiam International Ltd is trading at ₹290.00 as of 10 April 2026, with a FY2026-2027 high of ₹444 and low of ₹251. The stock is currently near its 52-week low. Market cap stands at ₹3,279 Cr..

How does Goldiam International Ltd's P/E ratio compare to its industry?

Goldiam International Ltd has a P/E ratio of 20.9, which is below the industry average of 45.49. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Goldiam International Ltd financially healthy?

Key indicators for Goldiam International Ltd: ROCE of 24.6 % indicates efficient capital utilization; ROE of 17.1 % shows strong shareholder returns. Dividend yield is 1.03 %.

Is Goldiam International Ltd profitable and how is the profit trend?

Goldiam International Ltd reported a net profit of ₹117 Cr in Mar 2025 on revenue of ₹781 Cr. Compared to ₹106 Cr in Mar 2022, the net profit shows an improving trend.

Does Goldiam International Ltd pay dividends?

Goldiam International Ltd has a dividend yield of 1.03 % at the current price of ₹290.00. The company pays dividends, though the yield is modest.

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
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