Over the past 3 years, 24-carat gold has given approximately 85 percent returns, while some gold-related stocks have beaten the returns of gold by giving returns up to 3000 percent. Here is the list of such stocks
Sky Gold and Diamonds
Sky Gold Limited specializes in designing, manufacturing, and marketing gold jewelry following a B2B business model directly selling their products to mid-range jewelers and boutique stores who then sell these products through online platforms and retail stores.
With a market capitalization of Rs 4,577 crores, the company has shown a staggering growth return of 3278 percent in the past 3 years The ROCE of the company stands at 16.45 percent while the ROE stands at 23.16 percent.
Kalyan Jewellers India Ltd
Kalyan Jewelers India Ltd. is an Indian multinational jewelry company headquartered in Thrissur, Kerala, with over 277 showrooms across India and the Middle East. The company specializes in designing, manufacturing, and selling a wide range of gold-studded jewelry across different price segments.
With a market capitalization of Rs 53,438 crores, the company has shown a staggering growth return of 753 percent in the past 3 years The ROCE of the company stands at 13.16 percent while the ROE stands at 14.37 percent.
Thangamayil Jewellery Ltd
Thangamayil Jewellery Ltd is one of the leading jewelry retailers operating mainly in Tamil Nadu, The company trades in gold jewelry, diamond, and platinum jewels. the sells a variety of gold ornaments through a chain of retail jewelry stores across several districts in Tamil Nadu.
With a market capitalization of Rs 6,519.3 crores, the company has shown a staggering growth return of 288.38 percent in the past 3 years The ROCE of the company stands at 12.53 percent while the ROE stands at 18.48 percent.
PC Jeweller Ltd
PC Jeweller Limited (PCJ) is one of the leading jewelry companies in India specializing in the business of manufacturing, sale, and trading of gold jewelry, diamond-studded jewelry, and silver items and operates in different geographical areas. The company offers a wide range of products including gold jewelry, diamond jewelry, and other jewelry with a thrust on diamond jewelry and jewelry for weddings.
With a market capitalization of Rs 8,064.86 crores, the company has shown a staggering growth return of 462 percent in the past 3 years. The ROCE of the company stands at 1.92 percent while the ROE stands at 0.45 percent.
WRITTEN BY LIKESH BABU S
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