3,100 per cent multibagger returns: This small cap company bags an export order worth Rs 30 crore! FIIs purchased 74,756 shares!
The company boasts a double-digit Return on Capital Employed and Return on Equity, while its share price trades at under Rs 200 per share.
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Incorporated in 1986, Goldiam International Ltd 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.
Goldiam International’s Order Details:
An additional new export order for the manufacturing of lab-grown diamond-studded gold jewellery, worth Rs 30 crore, has been received from an international client. The time period by which the order/contract is to be executed is on or before August 30, 2024.
Share Performance and Financial Performance of Goldiam International
The company's stock is trading at around Rs 160.90 per share, with a market capitalisation of Rs 1,718 crore. Additionally, the stock has delivered a multibagger return of around 101 per cent in the past three years. FIIs have entered the company by acquiring a share in the recent quarter; currently, they hold 0.07 per cent in the company.
In FY23 Goldiam International reported revenue of Rs 533 crore, representing a year-on-year de-growth of 22.50 per cent from Rs 688 crore last year. The company posted an operating profit of Rs 104 crore, compared to a profit of Rs 130 crore last year. The company’s net profit stood at Rs 85 crore in FY23.
Investors must keep this Small-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.