In Thursday’s trading session, the shares of an integrated manufacturer and supplier of fine diamond jewellery surged by 6.7 percent on BSE to Rs. 187.95, after the company bagged additional new export orders worth Rs. 60 crores from international clients.
As of 01:47 p.m., the shares of Goldiam International Limited continued to trade positively at Rs. 186.25, marking a 5.8 percent increase from its previous closing price of Rs. 176.1. The company’s market capitalisation stood at Rs. 2,000.3 crore.
What’s the News:
As per the 11th July regulatory filings with the stock exchanges, Goldiam International received additional new export orders valued at Rs. 60 crores from international clients.
The order is for the manufacturing of lab-grown diamond studded gold jewellery, to be executed on or before October 30, 2024.
With this order, the company has an aggregate booked order for the manufacturing of diamond studded gold jewellery of Rs. 150 crores.
Previous Order:
On 24th May, Goldiam International Limited received additional new Export Orders worth Rs. 20 crores for manufacturing lab-grown diamond studded gold jewellery.
Financials:
In terms of financials, the revenue from operations stood at Rs. 147.8 crore in Q4 FY23-24, rising by nearly 9.5 percent YoY from Rs. 135 crore in Q4 FY22-23. Similarly, the profit after tax (PAT) grew by 10 percent to Rs. 17.8 crore from Rs. 16.2 crore, during the same period.
On a year-on-year basis, the Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA increased from Rs. crore in Q4 FY22-23 to Rs. crore in Q4 FY23-24, representing a growth of 21 percent, while the EBITDA margin stood at 18.1 percent in Q4 FY23-24 compared to 16.7 percent in Q4 FY22-23.
Stock Performance
The stock has delivered positive returns of nearly 41.6 percent in one year, as well as around 2.3 percent returns in the last six months. So far in 2024, the shares of Goldiam International have given positive returns of about 6.8 percent.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters hold a 64.26 percent stake in the company, Foreign Institutional Investors (FII) hold a 0.16 percent stake, while Retail Investors hold a 35.59 percent in Goldiam International.
As of June 2024, the ace investor Ramesh Damani owns nearly 16.82 lakh equity shares, representing a 1.58 percent stake, in the company.
About the company:
Goldiam International Limited is engaged in the manufacturing and export of Diamond studded Gold and Silver Jewellery to leading global branded retailers, departmental stores and wholesalers across American markets.
The company is also renowned for utilising responsibly sourced diamonds, leveraging cutting-edge technologies and efficient manufacturing processes for optimal costings and quick delivery lead times.
Written by Shivani Singh
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