Friday, May 21, 2021

Goldiam International Ltd ( 526729 ) - Gems are always Cash Rich

Goldiam International Ltd ( 526729 ) closes   at ₹425.50  with  a  Gain of   +4.60%   on    21-May-2021  with formation of  a  Green Candle    on Daily  Price Chart.

About the Company : Goldiam International is engaged in the business of Manufacturers and exporters of studded gold and silver jewellery

Strength :  1. Strengthening its presence in the US, driven by its focus on lab-grown diamonds, which have been gaining popularity.

2. Focusing on growing e-commerce sales, the company aims to reach a larger audience and improve its profitability and working capital cycle

Financials : Goldiam International Ltd has posted Net Sales / Revenue   of ₹365.00 Cr & Net Profit of ₹47.00 Cr in FY2020 and expected to post Net Sales / Revenue   of ₹357.00 Cr & Net Profit  of ₹67.00 Cr in FY2021 .

Valuations  : The Company is now Trading at X 0.80  of its  valuations ( FY2021 earnings considered here) with ~20 % Discount.   

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  1.80  which  makes is attractive. The  Equity Value Per Share ( Enterprise Value Method ) is  ₹398.80

Whats  best in It   : Goldiam International Ltd  is a Debt Free Company  and now available at EPS of 21.14 (FY2020), which will improve to 30.08 by FY2021 & a regular Dividend Payment company. Cash equivalents form about 40 per cent of the market cap.

If We factor its earnings/valuations, its Price arrives at ₹773.00  with consideration FY2024 earnings. ( ₹951.20 for FY2025 Earnings Basis).

Disclaimer : We are / may going to take exposure shortly.

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