Small-Cap stock engaged in the business of manufacturing and exporting gold and diamond jewellery jumped upto 2 percent in the day’s trade upon receiving an export order worth Rs. 50 Crores.
With a market capitalization of Rs. 2,073 Crores, the shares of Goldiam International Limited were trading at Rs. 194.20, up 0.94 percent from its previous day’s close price of Rs. 192.40.
Goldiam International Limited has received an additional order worth Rs 50 Crores from international clients for the manufacturing and export of lab-grown diamond studded gold jewellery. The order is to be executed on or before May 30, 2024.
Goldiam International Limited is engaged in the business of manufacturing and exporting gold and natural, lab-grown diamond jewellery to global retailers.
Goldiam International Limited is rapidly transitioning from a pure natural diamond in-store jewellery company to a major supplier of lab-grown diamond jewellery, with an omnichannel sales strategy.
As of Q3FY24 Goldiam International Limited generated 51 percent of its revenue from Lab Grown Diamond Jewellery and 41 percent from Natural Diamond Jewellery.
Its revenue from operations grew by 13.48 percent from Rs. 178 Crores in Q3FY23 to Rs. 202 Crores in Q3FY24, accompanied by increasing profits of Rs. 29 Crores to Rs. 32 Crores.
It has reported a return on equity (ROE) of 15.3 percent and a return on capital employed (ROCE) of 20.9 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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