Multibagger Returns in A Year: Gold and Silver Jeweler Secures Rs 1,000 Crore Import License for Gold Dore Bars

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Multibagger Returns in A Year: Gold and Silver Jeweler Secures Rs 1,000 Crore Import License for Gold Dore Bars

The stock has delivered a multibagger return of 98 per cent over the past year.

Goldkart Jewels Limited, formerly known as Sona Hi Sona Jewellers (Gujarat) Limited, has announced the receipt of a crucial import license from the Directorate General of Foreign Trade (DGFT), Government of India. The license, received on July 11, 2025, allows the company to import gold dore bars — a key raw material in jewellery manufacturing. This license is valid until January 11, 2027, with a total permitted import value of Rs 1,000 crore CIF (Cost, Insurance, and Freight) or USD 115,273,775.22 CIF.

The company expects this import approval to support its business expansion and improve operational efficiency. With direct access to gold dore bars, Goldkart Jewels aims to reduce costs, streamline its supply chain, and enhance product quality. 

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The stock has delivered almost multibagger return of 98 per cent over the past year. The company's market capitalisation stands at Rs 357.5 crore as of July 2, 2025, positioning it in the small-cap category.

For the financial year ending March 2025, Goldkart Jewels reported total revenue of Rs 47.85 crore and a net profit of Rs 1.48 crore, marking a 240.5 per cent year-on-year growth in profit. On a trailing 12-month basis, the company’s operating revenue is reported at Rs 82.35 crore.

Goldkart Jewels manufactures and trades in gold, silver, diamond, and platinum jewellery. The company operates under two brands — Freya, which specialises in rings, earrings, and pendants, and Jinansh, which offers chains, bangles, mangal sutras, and anklets. Raw materials such as gold are sourced from Ahmedabad, Surat, and Mumbai and transformed into finished ornaments. The company also deals in gemstones and American diamonds.

Disclaimer: The article is for informational purposes only and not investment advice.