Goldiam International ( Multibagger Stock - Beneficiary of Events in Jewellery Sector with Multiplying order book)
BUY at CMP 85.7 - Targets - 125- 144 , Time Frame - 6 to 24 Months, SL - 61
TRIGGERS
1) Net Profits 4.28 cr vs 0.75 cr 500% Jump in Profit
2) Debt free company with Book Value Rs 157cr as on 18/01/2019
3) Government focus for Diamond and Jewellery Sector
Goldiam International Limited is an India-based holding company, which operates as a manufacturer of diamond studded gold, platinum and silver jewelry. The principal business activities of the Company is manufacturing and exporting of studded gold and silver jewelry. The Company operates in two segments: jewellery manufacturing and investment activity. The Company's products include engagement rings, wedding bands, anniversary rings, bridal sets, fashion jewelry earrings and pendants, and fashion jewelry and necklace and earrings. The Company's subsidiaries include Goldiam Jewellery Limited, Goldiam USA, Inc. and Diagold Designs Limited.
Promoted by M R Bhansali and K R Bhansali, Goldiam International started exports of cut and polished diamonds and of plain and studded gold jewellery in 1986. The company was converted into a public limited company in Aug.94.It undertakes jewellery-making in addition to diamond cutting and polishing. It has a state-of-the-art manufacturing facility in Bombay, in an exclusive 100% export-oriented zone. Some of its products are gold and diamond-studded rings, light-weight American cluster rings, cocktail rings, channel set bands, pendants, diamond and colour studded bracelets, earrings, etc.The company has started manufacturing Platinum Jewellery, which is expected to give far better returns and increase profitability. During the year 1999-2000, the company has registered a growth of 45% and hence the directors are happy to inform the company could achieve this due to its reputation earned in the international market over the years and continued quality control measures.The company has enhanced its export and value addition by introducing Invisual Setting in Diamond Jewellery and Princess Cut Diamond Grooving Machinery.Goldiam Jewels Ltd has become Subsidiary of Goldiam International Ltd during the month of February 2005 and this is as a consequence of companys stake in Goldiam Jewels which has risen to 50.05%.
By combining the best in CAD CAM technology, precision tooling, the finest diamonds and experienced hands, they can offer a range of designs in several product categories with one of the shortest lead times in the industry. For a retailer, this translates into an agile and nimble product line, trendy styling that is in sync with fashion trends and the best finishing on every curve, setting and contour of the piece with one of the few makers of diamond jewelry that are fully backward integrated. The entire process of jewelry making is in-house, under one roof. This ensures smooth communication, faster turnaround time and an efficient product development cycle.
They export globally and have offices at important business hubs. Geographically, they are not that far from any market with sales offices on the US east coast, Hong Kong and in Mumbai. For our customers, only a flight or a click away. They source the best diamonds and sort them on the 4C principle with sourcing heads who have an impressive network that extends from Australia to Belgium.
Technical Discourse
BUY at CMP 709 - Targets - 789-851 , Time Frame - 6 to 24 Months, SL - 667
| Category | No. of shares | Percentage |
|---|---|---|
| Promoters | 352,450,608 | 35.99 |
| Foreign Institutions | 357,786,396 | 36.53 |
| General Public | 91,084,851 | 9.30 |
| NBFC and Mutual Funds | 72,357,538 | 7.39 |
| Financial Institutions | 67,955,956 | 6.94 |
| Others | 34,878,904 | 3.56 |
| Central Government | 2,144,427 | 0.22 |
| GDR | 459,660 | 0.05 |
| Foreign Promoters | 242,904 | 0.02 |
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