This Multibagger Stock To Issue Bonus Shares And Dividend. Read

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  • Post last modified:29/01/2022

Goldiam International to issue bonus shares and dividend along with its financial results at its board meeting, which is scheduled to be held on February 8, 2022. The company has shown a good profit growth of 50.32% for the past 3 years and a good revenue growth of 20.98% for the past 3 years.

About the company

Goldiam International is located in Mumbai, in India’s premier jewelry Manufacturing zone — SEEPZ — specially created by the government of India to encourage Indian industrialists to set up world-class jewelry manufacturing facilities for 100% export.

Goldiam’s product line consists of 7000 designs, in Rings, Earrings, pendants, bracelets, bangles, and necklaces. Goldiam manufactures the above in gold as well as in platinum.

Goldiam International is the leading exporter of Diamond jewelry to leading global retailers, departmental stores, and wholesalers with a diversified product portfolio of Natural Diamond jewelry and Lab-grown diamonds and jewelry.

Value addition and strong financials

With the acquisition of Eco-friendly diamonds, Goldiam is positioned to participate in lab-grown diamonds’ growing demand.

With a B2B E-commerce website, Goldiam will be able to cater to market segments within the US retail jewelry industry. Goldiam digital strategies will enable the company to capture broader audiences and significantly better payment terms, leading to negative working capital requirements in this business.

The company is confident in a highly prudent approach of adding strength to the balance sheet and remaining net debt-free. The company has cash & cash equivalents at ₹2,462 million. This provides the company with necessary inorganic growth opportunities as well as reward stakeholders with consistent dividends. The company has shown a consistent profit growth of 20.2% CAGR over the last five years.