2,800 per cent multibagger returns: This small cap company bags an international order worth Rs 20,00,00,000 crore! FIIs purchased 74,756 shares!
The stock has delivered a multibagger return of over 700 per cent in the past five years.
Incorporated in 1986, Goldiam International is engaged in the business of manufacturing and exporting gold and diamond jewellery to global retailers. The company serves as a supplier of both natural diamond jewellery and lab-grown diamond (LGD) jewellery to global retailers, departmental stores, and wholesalers. Its product range includes Engagement Rings, Wedding Bands, Anniversary Rings, Bridal Sets, Earrings, and Pendants. Goldiam has been undergoing a transition from being solely focused on natural diamond in-store jewellery to becoming a significant supplier of lab-grown diamond jewellery, all while implementing an omnichannel sales strategy. The company has announced the significant order received by the company.
Order Details:
As per the press release the company has received additional new export orders worth Rs 20 crore for the manufacturing of lab-grown diamond-studded gold jewellery. With this order, the company has booked lab-grown diamond-studded gold jewellery orders totalling Rs 80 crore. Furthermore, the aggregate booked order for the manufacturing of diamond-studded gold jewellery with the company is Rs 150 crore.
Share Performance:
On Thursday, the company's stock closed at around Rs 174.55 per share, with a market capitalisation of Rs 1,864 crore. Additionally, the stock has delivered a multibagger return of around 2,848 per cent in the past decade.
Financial performance:
According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 148 crore, representing a growth of 9.57 per cent, and a net profit of Rs 18 crore. In FY24, the company reported a revenue of Rs 603 crore and a net profit of Rs 91 crore, compared to a net profit of Rs 85 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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