TickerSutra

NSE: GOLDIAM · BSE: 526729 · ISIN INE025B01025

Goldiam International Limited stock analysis

Goldiam International Limited ranks #408 in the TickerSutra evidence-ranked universe with a score of 65/100 and 95% data confidence. The latest captured fundamentals show ROCE of 23.9%, quarterly sales growth of 41.9% and quarterly profit growth of 119.6%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE65/100

Watchlist candidate

#408 of 5,430 ranked equities
Market capitalisation₹5,047.1cr
ROCE23.9%
Quarterly sales growth41.9%
Quarterly profit growth119.6%
P/E ratio23.9×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 23.9%
  • Low debt/equity of 0.07×
  • 22.4% three-year sales CAGR
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹688cr₹130cr₹106cr19.0%
2023₹533cr₹104cr₹85cr20.0%
2024₹603cr₹115cr₹91cr19.0%
2025₹781cr₹160cr₹117cr21.0%
2026₹977cr₹204cr₹171cr21.0%
TTM₹1,073cr₹229cr₹211cr21.0%
Debt / equity0.07×
CFO / EBITDA0.12×
Operating margin21.0%
Free cash flow₹8cr
Sales CAGR · 3Y22.4%
Profit CAGR · 3Y26.2%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts1 negative catalysts3 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Export growthHigh severity · 1 mention
Positive catalyst

• India’s Free Trade Agreements (FTAs), including the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the India-Australia Economic Cooperation and Trade Agreement (ECTA), along with ongoing trade negotiations with other countries, are expected to enhance export competitiveness by providing improved market access and favourable tariff regimes. • Diversification into emerging international markets and

Pricing pressureHigh severity · 1 mention
Risk easing

e) e)e) e)e) Market CompetitionMarket CompetitionMarket CompetitionMarket CompetitionMarket Competition The jewellery industry is highly competitive, with the presence of established domestic and international brands, organised retailers and regional players. Continuous innovation, competitive pricing, superior customer service and effective brand positioning are essential to sustain market share and profitability. f

Capacity expansion plansModerate severity · 2 mentions
Positive catalyst

These stores offer a wide range of premium lab-grown diamond jewellery and are aimed at providing customers with an enhanced shopping experience while strengthening the Company’s brand presence in the fast-growing lab-grown diamond jewellery market. To support its retail expansion plans, the Company successfully raised ` 20204.98 lakhs through a Qualified Institutions Placement (QIP) during the year. The funds raised

Export market updatesModerate severity · 8 mentions
Constructive

• India’s Free Trade Agreements (FTAs), including the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and the India-Australia Economic Cooperation and Trade Agreement (ECTA), along with ongoing trade negotiations with other countries, are expected to enhance export competitiveness by providing improved market access and favourable tariff regimes. • Diversification into emerging international markets and

Margin expansionModerate severity · 2 mentions
Positive catalyst

while being domiciled in an SEZ in India. Having said that, even in the prior call and in last fiscal year's call, I was happy to state that we would have a steady state margin expansion over the prior year. This is as per our definition, including OI.

Regulatory approvalLow severity · 7 mentions
Watch

The decrease was primarily on account of his voluntary decision not to accept any commission from the Company for the financial year 2025-26. The remuneration paid during the year comprised only the fixed remuneration payable in accordance with the terms approved by the shareholders. * The ratio of remuneration to the median remuneration is based on the remuneration paid during the period April 1, 2025 to March 31, 2

Regulatory updatesLow severity · 22 mentions
Watch

Any significant regulatory changes or non-compliance may impact business operations and financial performance. The Company has established robust compliance systems to ensure adherence to applicable legal and regulatory requirements. h) h)h) h)h) Margin risk:Margin risk:Margin risk:Margin risk:Margin risk: Lack of control over the cost, may lead to lower profitability and can impact future growth prospects.

Institutional interestLow severity · 3 mentions
Watch

Anmol Rashesh Bhansali 1,74,23,942 (Managing Director) QUALIFIED INSTITUTIONS PLACEMENT (QIP)QUALIFIED INSTITUTIONS PLACEMENT (QIP)QUALIFIED INSTITUTIONS PLACEMENT (QIP)QUALIFIED INSTITUTIONS PLACEMENT (QIP)QUALIFIED INSTITUTIONS PLACEMENT (QIP) During the year under review, in compliance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), SEBI (List

Management confidenceLow severity · 1 mention
Watch

And then tied to that is the fact that I don't think VC funding will be as prevalent for your number 5, 6, 7, 8 player as it has been in the earlier days, which was effectively till date for the lab-grown diamond industry -- jewelry retail industry in India. So we are confident that as next 2 years come through and store maturity increases ORIGEM store depth and store breadth also increases, we will stand out amongst

Customer concentrationLow severity · 1 mention
Watch

market as far as the overall LGD jewelry is concerned? Just to give an idea, our largest customer in the U.S. does about USD6 billion of retail sales.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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