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Discovery Series | Goldiam International: Add a gem to your portfolio

Cash and cash equivalents form about 40 per cent of the market cap of Goldiam International, implying P/E of about 8x for core business

April 27, 2021 / 10:20 AM IST
Discovery Series | Goldiam International: Add a gem to your portfolio

Diamond

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Goldiam International (CMP: Rs 349; Market Cap Rs 773 crore), a niche studded diamond jewellery exporter, is set to further strengthen its presence in the US, driven by its focus on lab-grown diamonds, which have been gaining popularity. Also, with focus on growing e-commerce sales, the company aims to reach a larger audience and improve its profitability and working capital cycle. What makes us positive about the stock, apart from the niche business model, which is scalable, is the strong balance...

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