500 per cent returns in this multibagger stock: This small-cap company receives export orders worth Rs 20 crore!

Demonstrating robust buying interest, the stock has delivered an impressive 49 per cent return within just one month.

Goldiam International Ltd announced that the company has received export orders worth Rs 20 crore from its international clients for manufacturing diamond-studded gold jewellery, encompassing lab-grown diamonds, with a total worth of Rs. 20 crores. These export orders, facilitated through ONLINE platforms and websites, are to be executed by December 31, 2023, demonstrating a strategic and time-bound approach. This remarkable feat encompasses a diverse range of diamond-studded gold jewellery, with a notable inclusion of 50 per cent of orders dedicated to lab-grown diamond jewellery.

Goldiam's Q2 FY24 Financials

• Consolidated revenue stands impressively at Rs 13.93 crore, marking a substantial 50 per cent YoY increase and a 15 per cent QoQ rise. The company attributes this growth to a smart product mix, enhanced inventory management, and the upcoming festive season.
• The Q2 FY24 EBITDA of Rs 3.32 crore reflects a 10 per cent YoY increase and an impressive 40 per cent QoQ surge. Notably, the EBIDTA margins of 23.9 per cent improved by 422 basis points over Q1 FY24, driven by an increased mix of lab-grown diamond business and online sales.
• Profit After Tax (PAT) for Q2 FY24 stands at Rs 2.35 crore, showcasing a robust 25 per cent YoY growth and a substantial 36 per cent QoQ surge.

The company's order book status, amounting to Rs 16.50 crore as of September 30, 2023, further illustrates Goldiam's strong financial position and growth prospects.

Goldiam's strategic transition towards lab-grown diamonds is evident, with the lab-grown share increasing from 19 per cent in Q2FY23 to an impressive 34 per cent in Q2FY24. The company's overall online sales have also seen a notable uptick, rising from 22 per cent in Q2FY23 to 28 per cent in Q2FY24, showcasing the success of its omnichannel sales strategy.

Goldiam International Ltd achieved a significant milestone on Tuesday, November 28, as its shares surged to a 52-week high of Rs 187.50. Demonstrating robust buying interest, the stock has delivered an impressive 49% return within just one month. Over a three-year period, investors have witnessed extraordinary gains, with the stock providing over 500% returns, solidifying its status as a multibagger.

In a move that adds to the stock's appeal, the board of directors has recommended an interim dividend of 60%, translating to Rs 1.2 per equity share with a face value of Rs 2. Investors are advised to closely monitor this Small-Cap gem and jewellery stock for potential opportunities in the market.

Disclaimer: The article is for informational purposes only and not investment advice.