3,000 per cent returns in this multibagger stock: This small-cap company receives export orders worth Rs 30 crore!
The stock has a PE of 16.80x, an ROE of 21 per cent and a ROCE of 22 per cent.
Goldiam International Ltd announce that the company has received export orders worth Rs 30 crore from its international clients for manufacturing diamond studded gold jewellery, which includes orders of lab-grown diamonds jewellery.
Additionally, the company had announced the buyback of shares up to 21,79,493 fully paid-up equity shares of a face value of Rs 2 each at a price of Rs 150 per equity share. The company has fixed Friday, July 21, 2023 as the Record Date for buyback of shares.
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 1,400 crore with a 3-year CAGR of 81 per cent. The company reported excellent numbers in the Quarterly Results and full yearly results. The net sales increased by 69.46 per cent and net profit increased by 58.21 per cent in FY22 over FY21.
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On Friday, shares of Goldiam International Ltd plunged 0.27 per cent to Rs 129.60 per share from its previous closing of Rs 129.95. The stock has a 52-week high of Rs 178.95 and a 52-week low of Rs 121.20.
The stock has a PE of 16.80x, an ROE of 21 per cent and a ROCE of 22 per cent. The shares of the company are up by 30 per cent in 2 years and over 500 per cent in 3 years. The stock gave multibagger returns of over 3,000 per cent in just 1 decade whereas BSE Consumer Discretionary Index is up by 303 per cent. Investors should keep an eye on this Small-Cap gems & jewellery stock.