2,800 per cent multibagger returns: This small cap company bags an international order worth Rs 20,00,00,000 crore! FIIs purchased 74,756 shares!
The stock has delivered a multibagger return of over 700 per cent in the past five years.
✨ AI Powered Summary
Incorporated in 1986, Goldiam International is engaged in the business of manufacturing and exporting gold and diamond jewellery to global retailers. The company serves as a supplier of both natural diamond jewellery and lab-grown diamond (LGD) jewellery to global retailers, departmental stores, and wholesalers. Its product range includes Engagement Rings, Wedding Bands, Anniversary Rings, Bridal Sets, Earrings, and Pendants. Goldiam has been undergoing a transition from being solely focused on natural diamond in-store jewellery to becoming a significant supplier of lab-grown diamond jewellery, all while implementing an omnichannel sales strategy. The company has announced the significant order received by the company.
Order Details:
As per the press release the company has received additional new export orders worth Rs 20 crore for the manufacturing of lab-grown diamond-studded gold jewellery. With this order, the company has booked lab-grown diamond-studded gold jewellery orders totalling Rs 80 crore. Furthermore, the aggregate booked order for the manufacturing of diamond-studded gold jewellery with the company is Rs 150 crore.
Share Performance:
On Thursday, the company's stock closed at around Rs 174.55 per share, with a market capitalisation of Rs 1,864 crore. Additionally, the stock has delivered a multibagger return of around 2,848 per cent in the past decade.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 148 crore, representing a growth of 9.57 per cent, and a net profit of Rs 18 crore. In FY24, the company reported a revenue of Rs 603 crore and a net profit of Rs 91 crore, compared to a net profit of Rs 85 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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