Rs 150 crore order book: This multibagger gems & jewellery company receives new orders worth Rs 60 crore from International clients
The shares of the company gave multibagger returns of 710 per cent in 5 years and a whopping 2,400 per cent in 1 decade.
Goldiam International Limited has announced that the company received new export orders valued at Rs 60 crore from international clients. These orders are specifically for the production of lab-grown diamond-studded gold jewellery. The company has committed to completing these orders by October 30, 2024.
Goldiam International Limited previously bagged additional export orders worth Rs 20 crore from international clients for manufacturing lab-grown diamond-studded gold jewellery. This order, combined with previous ones, brings the company's total order book for lab-grown diamond-studded gold jewellery to Rs 80 crore. These export orders are expected to be completed by August 30, 2024. The aggregate booked order for manufacturing of diamond studded gold jewellery with the company is of Rs 150 crore.
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Goldiam International Limited manufactures and exports diamonds and jewellery. The Group's jewellery products are composed of gold, platinum, coloured stones, and cut and polished diamonds. According to the financials, Goldiam International has a market cap of over Rs 1,900 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24).
On Friday, shares of Goldiam International Ltd plunged 1.69 per cent to Rs 180.70 per share from its previous closing of Rs 183.80. The stock has a 52-week high of Rs 216.55 and a 52-week low of Rs 120.05.
The stock has a PE of 21x, an ROE of 15 per cent and a ROCE of 20 per cent. The shares of the company gave multibagger returns of 710 per cent in 5 years and a whopping 2,400 per cent in 1 decade. Investors should keep an eye on this small-cap gems & jewellery stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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