Goldiam International Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,494 Cr
- P/E
- 21.29
- ROE
- 19.96%
- PEG
- 0.71
- Price to sales
- 4.19
- Debt to equity
- 0.07
- 52W high / low
- ₹500 / ₹269
- Sales growth (5Y)
- 19.20%
- EBITDA margin
- 21.38%
- Net profit margin
- 18.86%
- Promoter holding
- 58.51%
- Sales (last year)
- ₹1,073 Cr
Incorporated in 1986, Goldiam International Ltd is engaged in the business of manufacturing and exporting gold and diamond jewelry to global retailers, departmental stores and wholesalers. [1]
Guidance scorecard · Q1 FY27 call
What Goldiam International Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
20–40%- Goldiam aims to strongly increase B2B revenue from the FY26 base of INR1,000 crores over the medium term (3-4 years).
- Growth expected through deeper penetration with existing U.S. customers and adding new global wholesalers and retailers.
- Expansion plans include increasing presence in non-U.S. geographies like Middle East, Israel, Australia, and Canada.
- B2C growth via ORIGEM retail chain, targeting around 100 stores with improvements in sales per store per month.
- Introduction of new product categories (9 kt gold, silver) anticipated to boost digital sales and overall sales.
- Bracelet and necklace categories launched in U.S. B2B segment, contributing to growth and new customer acquisition.
2 more points from Goldiam International Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Goldiam International Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Goldiam plans to invest in ORIGEM stores by increasing store count and enhancing sales per store through sales enablers and new initiatives like old gold exchange and advanced purchase plans, expected to activate by this or next quarter.
- The company has signed 7 new ORIGEM stores to be operational before Diwali, with future expansion and some potential franchise or brand business model being evaluated.
- Investment in digital marketing and technology for ORIGEM is planned, including launching an AI-based WhatsApp bot to activate and convert customers digitally.
2 more points from Goldiam International Ltd's call on capex
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FundraisingQ1 FY27 call
See what Goldiam International Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- As of June end (FY27 Q1), Goldiam's order book stood at INR 225 crores, up from INR 140 crores at the end of June quarter last year, indicating strong year-on-year growth.
- The robust order book reflects increased demand and successful customer additions, especially in the U.S., Middle East, and Israel markets.
- The company is confident about Q2 and Q3 sales, with Q3 being seasonally the best quarter, expecting a robust pipeline and growth compared to record FY26 performance.
2 more points from Goldiam International Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Goldiam International Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Goldiam International Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 135 | 120 | 133 | 202 | 148 | 166 | 137 | 280 | 199 | 230 | 193 | 320 | 235 |
| Expenses + | 112 | 97 | 106 | 161 | 124 | 136 | 106 | 217 | 159 | 189 | 154 | 244 | 185 |
| Operating Profit | 23 | 22 | 27 | 41 | 24 | 30 | 31 | 63 | 40 | 41 | 38 | 75 | 50 |
| OPM % | 17% | 19% | 21% | 20% | 16% | 18% | 22% | 22% | 20% | 18% | 20% | 24% | 21% |
| Other Income + | -0 | 1 | 6 | 3 | 3 | 4 | 4 | 8 | 3 | 6 | 9 | 21 | 9 |
| Interest | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 1 | 0 | 0 | 2 | 1 |
| Depreciation | 2 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 6 | 6 |
| Profit before tax | 21 | 23 | 32 | 42 | 26 | 33 | 33 | 69 | 38 | 45 | 46 | 89 | 51 |
| Tax % | 21% | 23% | 26% | 23% | 31% | 33% | 33% | 28% | 38% | 26% | 31% | 23% | 27% |
| Net Profit + | 16 | 17 | 23 | 32 | 18 | 22 | 22 | 50 | 23 | 34 | 31 | 68 | 37 |
| EPS in Rs | 1.48 | 1.58 | 2.19 | 3.04 | 1.66 | 2.06 | 2.07 | 4.66 | 2.16 | 3.15 | 2.78 | 6.06 | 3.30 |
Financials of Goldiam International Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 320 | 326 | 308 | 311 | 435 | 365 | 406 | 688 | 533 | 603 | 781 | 977 |
| Expenses + | 298 | 295 | 280 | 285 | 379 | 320 | 328 | 558 | 429 | 488 | 621 | 773 |
| Operating Profit | 22 | 32 | 28 | 26 | 56 | 45 | 78 | 130 | 104 | 115 | 160 | 204 |
| OPM % | 7% | 10% | 9% | 8% | 13% | 12% | 19% | 19% | 20% | 19% | 21% | 21% |
| Other Income + | 13 | 15 | 8 | 11 | 18 | 22 | 23 | 25 | 21 | 14 | 19 | 44 |
| Interest | 3 | 2 | 3 | 2 | 3 | 2 | 1 | 1 | 0 | 0 | 1 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 2 | 4 | 5 | 7 | 6 | 6 | 15 |
| Profit before tax | 28 | 42 | 31 | 33 | 68 | 62 | 97 | 149 | 117 | 122 | 173 | 231 |
| Tax % | 23% | 21% | 34% | 38% | 32% | 27% | 31% | 29% | 27% | 26% | 32% | 26% |
| Net Profit + | 22 | 33 | 21 | 20 | 46 | 45 | 67 | 106 | 85 | 91 | 117 | 171 |
| EPS in Rs | 1.70 | 2.61 | 1.68 | 1.62 | 4.32 | 4.23 | 5.50 | 9.65 | 7.75 | 8.50 | 10.96 | 15.11 |
| Dividend Payout % | 18% | 19% | 24% | 19% | 14% | 31% | 29% | 12% | 26% | 14% | 27% | 0% |
Financials of Goldiam International Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 25 | 25 | 23 | 22 | 22 | 22 | 22 | 21 | 21 | 23 |
| Reserves | 231 | 256 | 305 | 331 | 361 | 388 | 443 | 498 | 564 | 609 | 719 | 999 |
| Borrowings + | 82 | 48 | 31 | 37 | 26 | 8 | 23 | 4 | 3 | 5 | 27 | 24 |
| Other Liabilities + | 94 | 93 | 87 | 91 | 67 | 87 | 126 | 108 | 114 | 98 | 126 | 140 |
| Total Liabilities | 433 | 422 | 448 | 483 | 477 | 505 | 614 | 632 | 702 | 733 | 893 | 1,186 |
| Fixed Assets + | 23 | 23 | 22 | 23 | 23 | 22 | 43 | 42 | 45 | 45 | 60 | 63 |
| CWIP | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 115 | 115 | 163 | 146 | 167 | 203 | 219 | 140 | 138 | 168 | 106 | 143 |
| Other Assets + | 294 | 282 | 261 | 315 | 288 | 279 | 351 | 450 | 519 | 519 | 727 | 979 |
| Total Assets | 433 | 422 | 448 | 483 | 477 | 505 | 614 | 632 | 702 | 733 | 893 | 1,186 |
Financials of Goldiam International Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 15 | 59 | 13 | -15 | 86 | 67 | 49 | -10 | 65 | 107 | -13 | |
| Cash from Investing Activity + | -1 | 9 | -16 | 27 | -11 | -24 | -12 | 95 | -2 | -28 | 63 | |
| Cash from Financing Activity + | -0 | -45 | -27 | 4 | -41 | -52 | -0 | -90 | -31 | -54 | -13 | |
| Net Cash Flow | 14 | 22 | -30 | 16 | 34 | -9 | 37 | -5 | 32 | 26 | 37 | |
| Free Cash Flow | 15 | 56 | 11 | -16 | 84 | 66 | 36 | -13 | 56 | 103 | -20 | |
| CFO/OP | 105% | 214% | 87% | -15% | 187% | 183% | 95% | 22% | 99% | 121% | 16% |
Financials of Goldiam International Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 156 | 130 | 113 | 129 | 71 | 100 | 116 | 95 | 101 | 86 | 70 | |
| Inventory Days | 160 | 148 | 204 | 208 | 118 | 125 | 144 | 133 | 257 | 199 | 277 | |
| Days Payable | 100 | 102 | 105 | 108 | 53 | 96 | 125 | 51 | 93 | 57 | 53 | |
| Cash Conversion Cycle | 216 | 176 | 212 | 229 | 136 | 129 | 135 | 177 | 264 | 228 | 294 | |
| Working Capital Days | 125 | 126 | 166 | 195 | 114 | 132 | 115 | 137 | 200 | 167 | 194 | |
| ROCE % | 8% | 11% | 10% | 9% | 17% | 15% | 18% | 29% | 21% | 20% | 25% |
Guidance history
How Goldiam International Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Up 0–2% | None planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
13 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −18.1% | 39% |
| Last 6 months | −20.9% | 17% |
| Last 3 months | −17.5% | 23% |
The price is 40.4% below its all-time high of ₹500 (17 Jun 2026). Stocks more than 20% below their peak have their score halved, so 27 became 13.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Goldiam International Ltd: 0.4 × 39 + 0.4 × 17 + 0.2 × 23 = 27, halved to 13 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Goldiam International Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q2 FY24 earnings call →
- Q4 FY23 earnings call →
- Q2 FY23 earnings call →
- Q4 FY22 earnings call →
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