GOLDIAMConsumer Discretionary

Goldiam International Limited

Gems, Jewellery And Watches · ISIN INE025B01025 · BSE 526729 · NSE EQ · FV ₹2
Last price
₹326
+1.18%today
What this company does

Goldiam International Limited operates in Gems, Jewellery And Watches, part of the Consumer Discretionary sector. It booked ₹326 cr of revenue in its latest quarter (Q1 FY27) and kept 22.7% of sales as profit.

In the report:
77out of 100
Equitytale Health Score
Solid

Healthier than 77% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns92

How much profit it earns on the money it employs

Balance sheet87

How much it owes, and whether earnings cover the interest

Cash quality41

Whether reported profit actually arrives as cash

Growth & consistency86

Whether sales and profit have grown, and how steadily

Valuation53

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 23% net margin
Sales up 42% vs last year
Profit up 120% vs last year
Promoters hold 59%
No promoter shares pledged
Strong 27% return on equity
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in GOLDIAM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹326 +1.18%
latest close · 2026-09-17
52-wk low ₹88106 sessions so far52-wk high ₹398
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.4Low
LowAverageHigh
P/B ratio3.32High
Below bookModerateHigh
EV / EBITDA8.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.8%Strong
WeakFairStrong ▸15%
Return on capital34.3%Strong
WeakFairStrong
Net margin22.7%Strong
ThinDecentStrong
EBITDA margin31.9%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover63.6×Strong
RiskyOkayStrong ▸5×
Current ratio5.94Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,677 cr
Book value
₹98
EPS
₹6.55
latest quarter
Net debt
₹-231 cr
more cash than debt
Enterprise value
₹3,446 cr
EBITDA
₹416 cr
annualised
EBIT
₹396 cr
annualised
Operating margin
30.3%
Return on assets
21.7%
Earnings yield
8.05%
P/S
2.82
Sales / share
₹115.5
Tax rate
24.0%
Face value
₹2
Shares
11.3 cr
Working capital
₹1,037 cr
Current assets
₹1,247 cr
Current liabilities
₹210 cr
Delivery %
47.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹110₹145, midpoint ₹128

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹326 cr
Other Income₹38 cr
Total Income₹364 cr
Cost of Materials₹138 cr
Purchases of Stock-in-Trade₹29 cr
Inventory Change (±)₹62 cr
Employee Benefit Expense₹12 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹19 cr
Total Expenses₹266 cr
Profit before Tax₹97 cr
Tax Expense₹23 cr
Net Profit₹74 cr
Net margin on total income20.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹229 cr62.9%
Employee benefit expense₹12 cr3.4%
Finance costs₹2 cr0.4%
Depreciation & amortisation₹5 cr1.4%
Other expenses₹19 cr5.1%
Tax expense₹23 cr6.4%
Profit for the period₹74 cr20.3%
Total income ₹364 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue320 cr235 cr326 cr
Total income340 cr243 cr364 cr
Expenses251 cr192 cr266 cr
Profit before tax89 cr51 cr97 cr
Tax20 cr14 cr23 cr
Net profit (owners' share)68 cr37 cr74 cr
Net margin (owners' share, on revenue)21.4%15.9%22.7%
EPS (₹)6.063.306.55
YoY (latest quarter): total income +54.3% · net profit +120.1%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹1,363 cr
Shareholder equity
₹1,106 cr
parent shareholders
Total debt
₹32 cr
Cash
₹263 cr
Cash flow · H1 FY26
Operating
₹-29 cr
Investing
₹-24 cr
Financing
₹192 cr
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,841₹4.30 L cr60.4
Kalyan Jewellers India Limited₹581₹60,049 cr43.0
Thangamayil Jewellery Limited₹4,811₹14,953 cr43.9
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
BlueStone Jewellery and Lifestyle Limited₹831₹12,667 cr451.7
SKY GOLD AND DIAMONDS LIMITED₹793₹12,286 cr29.7
PC Jeweller Limited₹12₹11,992 cr13.4
P N Gadgil Jewellers Limited₹601₹8,158 cr19.4
Ethos Limited₹2,651₹7,093 cr63.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.15%
trailing 12 months
Dividend / share (TTM)
₹3.75
Last dividend
₹2.75
ex 12 Feb 2026
ActionDetailEx-date
Bonus issue3:110 Jul 2026
Dividend₹2.75 / share12 Feb 2026
Dividend₹1 / share19 Sep 2025
Dividend₹1 / share14 Feb 2025
Dividend₹1 / share22 Aug 2024
Dividend₹1.2 / share24 Nov 2023
Who owns it · 2026-06-30
No pledge
Promoter
58.5%
FII / Foreign
2.0%
DII / Domestic
0.8%
Retail / others
38.7%
Promoter stake down 5.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRashesh Manhar Bhansali · Promoters5.00 L · ₹21.0 cr9 Dec 24
SoldRashesh Manhar Bhansali · Promoters5.00 L · ₹21.7 cr6 Dec 24
SoldRashesh Manhar Bhansali · Promoters10.00 L · ₹34.0 cr3 Sep 24
Bulk / block deals
short · NSE123 Sep 26
short · NSE112 Sep 26
short · NSE27 Aug 26
Stake changes
BoughtMr. Rashesh M. Bhansali · promoter→ 38.39%11 Mar 26
BoughtMrs. Shobnaben Manharkumar Bhansali · promoter→ 4.69%18 Aug 25
BoughtMr.Anmol Rashesh Bhansali · promoter→ 15.43%18 Aug 25
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
Adoption of the Audited (Standalone and Consolidated) Balance Sheet as at March 31, 2025, the Statement of Profit and Loss for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
5.44 L votes for, 550 against · 0% of mutual funds and other big investors said no
2
confirm payment of 1st interim dividend of Re. 1/- (i.e. 50%) and 2nd Interim dividend of Re. 1/- (i.e. 50%) on each paid up equity share of Rs.2/- already paid for the financial year ended March 31, 2025 and declare final dividend of Re.1/-(i.e. 50%) on each paid up equity share of Rs.2/- for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
5.45 L votes for, 250 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Rashesh Manhar Bhansali (DIN:00057931) as a “Director”, liable to retire by rotation, who has offered himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
5.44 L votes for, 671 against · 0% of mutual funds and other big investors said no
4
Appointment of M/s. R. N. Shah & Associates, Practising Company Secretaries as Secretarial Auditors and fix their remuneration.
Backed by 100% of shareholders other than promotersneeded 50%
5.44 L votes for, 621 against · 0% of mutual funds and other big investors said no
5
Re-appoint Mr. Rashesh Manhar Bhansali (DIN 00057931) as an Executive Chairman for another term of five years and to pay remuneration for the period of three years with effect from February 1, 2026.
⚑ Passed only because promoters voted yes
Backed by 44% of shareholders other than promotersneeded 75%
2.38 L votes for, 3.07 L against · 63% of mutual funds and other big investors said no
6
Approve to pay remuneration to Mr. Anmol Rashesh Bhansali, Managing Director for the remaining period of his tenure i.e. up to November 24, 2027 with effect from November 25, 2025.
⚑ Passed only because promoters voted yes
Backed by 44% of shareholders other than promotersneeded 75%
2.38 L votes for, 3.07 L against · 63% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 58.5% between them · as of 2026-06-30
Rashesh Manhar Bhansali38.39%
Anmol Rashesh Bhansali15.43%
Shobhnaben Manharkumar Bhansali4.69%
Ami R.Bhansalino shares
Asha Samir Bhansalino shares
Kunal Harshad Vorano shares
Sangeeta Nishesh Mehtano shares
Tulsi Guptano shares
Business done with them
FY2025 · 1 of the group
The company paid ₹1 cr to companies in the promoter group last year — about 0.2% of its ₹781 cr revenue.
Ami R. Bhansali
Other payments to them · REMUNERATION
₹1 cr
company paid

The company also transacted with 4 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Aug 2025 by selling shares to large investors

The company has not broken this money down into purposes in its filing for Sep 2025, so there is nothing to measure it against yet. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.