Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Golkunda Diamonds & Jewellery Ltd

523676
Diamond, Gems & Jewellery

Golkunda Diamonds & Jewellery Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

Biggest watch item: the P/E sits at the 84th percentile of its own range — the multiple has already done part of the work.

The price is in a confirmed uptrend (18 weeks in) while the P/E sits at the 84th percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −28.2% year on year, and 77% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.

Stage
Mixed
partial read
Price
₹280
+43.8% 1Y
P/E
16.0×
84th pctile
of its own 10-year range
Revenue (Dec 25)
₹62.6 Cr
−15.2% YoY
Profit (Dec 25)
₹3.5 Cr
−28.2% YoY
Operating margin
9.7%
−0.8 pp YoY
ROCE
20%
FY25
Cash conversion
77%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Golkunda Diamonds & Jewellery Ltd trades at ₹280, in a confirmed uptrend and 18 weeks into that stage. That is +29.0% against its own 200-day average. It sits at 84% of a 52-week range of ₹168 to ₹301. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 8 straight weeks.

Today the stock is in a confirmed uptrend — week 18 of stage 2, confirmed. At ₹280 it trades +29.0% versus its 200-day average and sits at 84% of its 52-week range (₹168–₹301).

Mar 26: ₹280 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+29.0% versus the 200-day line, week 18 of stage 2
Price50-day avg200-day avg
S4S2S2S4S2₹318₹257₹196₹135₹73.9₹280₹217Mar 23Dec 23Sep 24Jun 25Mar 26
S4S2S2S4S2₹318₹257₹196₹135₹73.9₹280₹217Mar 23Sep 24Mar 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (517 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Mar 26

Against the market, two honest reads. Cumulative: over the last 10.0 years the stock moved +1,235% while the NIFTY 500 moved +236% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 8 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 84th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Golkunda Diamonds & Jewellery Ltd trades at 16.0× P/E, at the pricey end of its own range (84th percentile). Its long-run median P/E is 10.3×, measured across 10.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 16.0× is at the pricey end of its own range (84th percentile), against a long-run median of 10.3× measured over 10.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 16.0× vs a 10.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.0-year window; loss-period spikes above 24× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (84th percentile)
P/EMedianEPS (TTM) (quarterly)
25.7×₹21.519.6×₹16.113.6×₹10.77.5×₹5.41.4×₹0.0×16.10×₹17Mar 16Sep 18Apr 21Oct 23Mar 26
25.7×₹21.519.6×₹16.113.6×₹10.77.5×₹5.41.4×₹0.0×16.10×₹17Mar 16Apr 21Mar 26
P/E
16.0×
84th percentile of 10y

Why the multiple sits where it does: over the past year annual EPS moved +22.9% against a +43.8% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +69.3%/yr price move, ~+70.5%/yr came from earnings growth and ~−1.2 pp from the multiple (compressing); over 10y, of the +31.6%/yr price move, ~+14.2%/yr came from earnings growth and ~+17.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Golkunda Diamonds & Jewellery Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE lifting at 20.0% — the per-curve reads carry the story. The read is built from 9 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
52%328%32%227%11%126%−8.8%26%−29%−75%%%−15.2%−28.2%−12.4%Mar 23Jun 24Dec 25
52%328%32%227%11%126%−8.8%26%−29%−75%%%−15.2%−28.2%−12.4%Mar 23Jun 24Dec 25
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
20.2%19.4%18.5%17.6%16.8%%20%FY22FY23FY25
20.2%19.4%18.5%17.6%16.8%%20%FY22FY23FY25
Revenue growth
Falling
latest −15.2% · span −23.4% to +43.7%
Profit growth
Falling
latest −28.2% · span −47.2% to +100.0%
ROCE
Rising
latest 20.0% · span 17.0%–20.0%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +9.6% in FY25, profit +20.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
42%194%25%123%7.5%52%−9.9%−19%−27%−90%%%9.6%20%FY15FY20FY25
42%194%25%123%7.5%52%−9.9%−19%−27%−90%%%9.6%20%FY15FY20FY25
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+1.3%) with the last 8 annualized (+15.5%).
revenue rolling over, profit rolling over
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
34%91%25%64%17%36%7.7%7.8%−1.1%−20%%%1.3%−12.4%Mar 23Jun 24Dec 25
34%91%25%64%17%36%7.7%7.8%−1.1%−20%%%1.3%−12.4%Mar 23Jun 24Dec 25
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+9.6%+1.9%+13.6%+10.5%
Profit+20.0%+19.7%+43.1%+19.6%
EPS+22.9%+17.1%+40.2%+19.4%
Share price+43.8%+40.6%+69.3%+31.6%
Revenue YoY (Dec 25)
−15.2%
latest quarter vs a year ago
Profit YoY (Dec 25)
−28.2%
latest quarter vs a year ago
Revenue 10y
10.5%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

51.5/100 — rank 15 of 26 in Diamond, Gems & Jewellery · 58% evidence confidence

Golkunda Diamonds & Jewellery Ltd scores 51.5 out of 100 against the 26 companies it is compared with in Diamond, Gems & Jewellery, ranking 15. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 13.2 + 13.6 + 8.6 + 16.1 = 51.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Golkunda Diamonds & Jewellery Ltd reported ₹62.6 Cr of revenue in the Dec 25 quarter, −15.2% year on year. Over 10 years it has compounded at 10.5% a year. The last full year, FY25, came in at ₹252 Cr. The last four reported quarters add to ₹275 Cr.

Golkunda Diamonds & Jewellery Ltd reported ₹62.6 Cr of revenue in the Dec 25 quarter, −15.2% year on year. Over 10 years it has compounded at 10.5% a year. The last full year, FY25, came in at ₹252 Cr. The last four reported quarters add to ₹275 Cr.

FY25 revenue came in at ₹252 Cr (+9.6% on the year), capping 10 years at 10.5% compound. The latest quarter (Dec 25) printed ₹62.6 Cr, −15.2% year on year.

FY25 revenue ₹252 Cr (+9.6% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
10.5% a year over 10 years
RevenueYoY growth
27242%20425%1367.5%68−9.9%0−27%₹ Cr%₹2529.6%FY15FY20FY25
27242%20425%1367.5%68−9.9%0−27%₹ Cr%₹2529.6%FY15FY20FY25
Dec 25: ₹62.6 Cr (−15.2% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
8752%6632%4411%22−8.8%0−29%₹ Cr%₹63−15.2%Mar 23Jun 24Dec 25
8752%6632%4411%22−8.8%0−29%₹ Cr%₹63−15.2%Mar 23Jun 24Dec 25

Pace check: the last four quarters averaged +4.9% growth against the decade's 10.5% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +1.3% over the last 4 quarters against +15.5%/yr over the last 8 — rolling over; TTM profit −12.4% vs +26.5%/yr — rolling over.

→ Revenue slipped — did margins hold as it scaled? Next: 9.7% this quarter (−0.8 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Golkunda Diamonds & Jewellery Ltd's operating margin is 9.7% in the Dec 25 quarter, −0.8 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 3.0% to 9.0%. The current quarter is running above every full year in that window.

Golkunda Diamonds & Jewellery Ltd's operating margin is 9.7% in the Dec 25 quarter, −0.8 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 3.0% to 9.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 9.7%, −0.8 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 3.0%–9.0%.

🚨 Why the margin moved: operating margin went −0.8 pp year on year while gross margin went +0.9 pp — the loss came mostly from the gross line: input costs and pricing.

FY25: 8.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 12-year window.
within a 3.0–9.0% band over 12 years
operating marginYoY change (pp)
9.5%2.5%7.7%0.7%6.0%−1.0%4.3%−2.7%2.5%−4.5%%%8%1%FY14FY19FY25
9.5%2.5%7.7%0.7%6.0%−1.0%4.3%−2.7%2.5%−4.5%%%8%1%FY14FY19FY25
Dec 25: 9.7% operating margin (−0.8 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
11%8.2%8.8%5.2%6.5%2.2%4.2%−0.8%1.9%−3.8%%%9.7%−0.8%Mar 23Jun 24Dec 25
11%8.2%8.8%5.2%6.5%2.2%4.2%−0.8%1.9%−3.8%%%9.7%−0.8%Mar 23Jun 24Dec 25

→ Margins slipped — did that reach the bottom line? Next: profit −28.2% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Golkunda Diamonds & Jewellery Ltd earned ₹3.5 Cr of net profit in the Dec 25 quarter, −28.2% year on year. Full-year FY25 profit was ₹12.0 Cr. The 10-year compound rate is 19.6%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned ₹4.9 Cr.

Golkunda Diamonds & Jewellery Ltd earned ₹3.5 Cr of net profit in the Dec 25 quarter, −28.2% year on year. Full-year FY25 profit was ₹12.0 Cr. The 10-year compound rate is 19.6%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned ₹4.9 Cr.

Dec 25 profit was ₹3.5 Cr, −28.2% year on year. On the full year, FY25 printed ₹12.0 Cr (+20.0%), and the 10-year compound rate is 19.6%.

FY25 profit ₹12.0 Cr (+20.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
19.6% a year over 10 years
Net profitYoY growth
13149%1091%633%3−25%0−83%₹ Cr%₹1220%FY15FY20FY25
13149%1091%633%3−25%0−83%₹ Cr%₹1220%FY15FY20FY25
Dec 25: ₹3.5 Cr (−28.2% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
5765%4547%3329%1111%0−107%₹ Cr%₹4−28.2%Mar 23Jun 24Dec 25
5765%4547%3329%1111%0−107%₹ Cr%₹4−28.2%Mar 23Jun 24Dec 25

🚨 Why profit moved: revenue contributed −15.2% and the margin −0.8 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +29.1% vs revenue +4.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 77% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 77% of Golkunda Diamonds & Jewellery Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY25 that was ₹8.0 Cr of operating cash against ₹12.0 Cr of profit. After ₹0.0 Cr of capital spending, ₹8.0 Cr was left as free cash.

FY25: operating cash of ₹8.0 Cr against reported profit of ₹12.0 Cr, leaving free cash of ₹8.0 Cr after ₹0.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 77% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY25: CFO ₹8.0 Cr vs profit ₹12.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
77% of 3-year profit arrived as cash
Operating cashNet profitFree cash
1383−2−7₹ Cr₹8₹12₹8FY15FY20FY25
1383−2−7₹ Cr₹8₹12₹8FY15FY20FY25
FY25: CFO = 67% of profit (three-year rate 77%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
336%206%75%−56%−186%%67%FY15FY20FY25
336%206%75%−56%−186%%67%FY15FY20FY25

Why conversion sits at 77%: the cash cycle tightened 19 days between FY20 and FY25 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: the bigger cash user is investment — capital spending ran 2.7× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹8.0 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Golkunda Diamonds & Jewellery Ltd's cash conversion cycle runs 116 days in FY25, down from 135 days in FY20. Capital spending ran ₹8.0 Cr over the last 3 years. At FY25 sales of ₹252 Cr each day of that cycle holds about ₹0.7 Cr, so roughly ₹80.0 Cr sits inside the business at any moment.

FY25: debtors at 129 days, inventory at 27 days — roughly 0.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 116 days, tighter than FY20's 135.

The full loop: cash goes out to suppliers and production on day 0; stock waits 27 days to sell; customers pay about 129 days after that; and suppliers themselves are paid at 39 days — netting out to the 116-day cycle.

In money terms: at FY25 sales of ₹252 Cr, each day of the cycle holds about ₹0.7 Cr — so the 116-day loop keeps roughly ₹80.0 Cr sitting inside the business at any moment.

FY25: a 116-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 12-year window.
−19 days vs FY20
Cash cycleInventory daysDebtor daysPayable days
25218511952−15days116d27d129d39dFY14FY16FY19FY22FY25
25218511952−15days116d27d129d39dFY14FY19FY25

On the investment side: capital spending of ₹8.0 Cr over the last 3 fiscal years against ₹3.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY25) — capacity paid for but not yet earning.

FY25: capex ₹0.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
5420−1₹ Cr₹0₹0FY15FY17FY20FY22FY25
5420−1₹ Cr₹0₹0FY15FY20FY25

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 20%.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Golkunda Diamonds & Jewellery Ltd earns a ROCE of 20% in FY25. That is up from a trough of 6% in FY17. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 4.8% net margin on 1.97× asset turns.

FY25 ROCE is 20%, recovered from a FY17 trough of 6% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 4.8% net margin × 1.97× asset turns × 1.97× balance-sheet leverage ≈ 18.6% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY25: ROCE 20% Return on capital employed by fiscal year, % (line). 12-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY17's 6%
ROCEWACC
22%18%14%9.2%4.8%%20%FY14FY16FY19FY22FY25
22%18%14%9.2%4.8%%20%FY14FY19FY25

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.55.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Golkunda Diamonds & Jewellery Ltd carries ₹36.0 Cr of borrowings against ₹65.0 Cr of equity in FY25, a debt-to-equity of 0.55. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹29.0 Cr to ₹36.0 Cr. Capital spending ran ₹8.0 Cr across the last 3 of those years.

FY25: borrowings of ₹36.0 Cr against equity of ₹65.0 Cr — a debt-to-equity of 0.55. Operating profit covers the interest bill 7×. Over 5 years borrowings went from ₹29.0 Cr to ₹36.0 Cr while capital spending ran ₹8.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY25: borrowings ₹36.0 Cr at 0.55× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 12-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
441.7×331.4×221.1×110.8×00.5×₹ Cr×₹360.55×FY14FY16FY19FY22FY25
441.7×331.4×221.1×110.8×00.5×₹ Cr×₹360.55×FY14FY19FY25

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Golkunda Diamonds & Jewellery Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −0.8 points over 8 quarters to 72.8%.

Fiscal-year ends: promoters −0.8 pts from Mar 23 to Mar 25 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersPublic
77%64%50%36%23%%72.8%27.2%Mar 23Mar 24Mar 25
77%64%50%36%23%%72.8%27.2%Mar 23Mar 24Mar 25
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 12 quarters.
PromotersPublic
77%64%50%36%23%%72.8%27.2%Mar 23Jun 24Dec 25
77%64%50%36%23%%72.8%27.2%Mar 23Jun 24Dec 25

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Golkunda Diamonds & Jewellery Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Diamond, Gems & Jewellery Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Golkunda Diamonds & Jewellery Ltd this page16.0×₹195 CrMixed
Titan Company Ltd80.6×₹4.2L CrTurning around
Kalyan Jewellers India Ltd43.0×₹59,233 CrConsistent
Thangamayil Jewellery Ltd60.7×₹21,467 CrImproving
Bluestone Jewellery & Lifestyle Ltd209.0×₹11,772 CrNo read
Sky Gold & Diamonds Ltd36.8×₹10,124 CrMixed
PC Jeweller Ltd12.6×₹9,011 CrNo read
P N Gadgil Jewellers Ltd21.3×₹8,780 CrMixed
Senco Gold Ltd10.9×₹6,273 CrTurning around
Vaibhav Global Ltd15.7×₹4,216 CrImproving
Rajesh Exports Ltd20.9×₹3,510 CrImproving
D.P. Abhushan Ltd74.8×₹3,032 CrConsistent
Rajesh Exports Ltd23.3×₹2,626 CrMixed
D.P. Abhushan Ltd12.3×₹2,295 CrConsistent
Shringar House of Mangalsutra Ltd18.3×₹2,118 CrNo read
Khazanchi Jewellers Ltd24.0×₹1,836 CrNo read
Tribhovandas Bhimji Zaveri Ltd8.5×₹1,728 CrNo read
Khazanchi Jewellers Ltd18.6×₹1,666 CrNo read
Motisons Jewellers Ltd25.2×₹1,612 CrMixed
Shanti Gold International Ltd10.9×₹1,523 CrNo read
PNGS Reva Diamond Jewellery Limited19.9×₹1,287 Cr
Utssav CZ Gold Jewels Ltd21.1×₹1,248 CrNo read
Asian Star Company Ltd24.0×₹971 CrTurning around
PNGS Gargi Fashion Jewellery Ltd25.8×₹785 CrMixed
SJ Corporation Ltd₹776 Cr
Manoj Vaibhav Gems N Jewellers Ltd6.6×₹761 CrTopping out
Radhika Jeweltech Ltd10.0×₹751 CrConsistent
PNGS Gargi Fashion Jewellery Ltd21.8×₹685 CrTopping out
RBZ Jewellers Ltd10.3×₹564 CrMixed
Uday Jewellery Industries Ltd13.7×₹491 CrMixed
12 · Frequently asked questions

Frequently asked questions

What is Golkunda Diamonds & Jewellery Ltd's share price today?

Golkunda Diamonds & Jewellery Ltd trades at ₹280, +43.8% over the past year. The company is valued at ₹195 Cr. The stock sits at 84% of its 52-week range of ₹168–₹301, +29.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 18 weeks in. — as of 24 July 2026.

What were Golkunda Diamonds & Jewellery Ltd's latest quarterly results?

Golkunda Diamonds & Jewellery Ltd reported revenue of ₹62.6 Cr and net profit of ₹3.5 Cr for the Dec 25 quarter. Revenue fell 15.2% and profit fell 28.2% year on year. Earnings per share were ₹5.08. The operating margin was 9.7%, 0.8 pp lower than a year earlier. — as of 24 July 2026.

What is Golkunda Diamonds & Jewellery Ltd's revenue?

Golkunda Diamonds & Jewellery Ltd reported revenue of ₹62.6 Cr in the Dec 25 quarter, −15.2% year on year. For the full FY25 fiscal year, revenue was ₹252 Cr (+9.6%). Over the last 10 years revenue compounded at 10.5% a year. — as of 24 July 2026.

What is Golkunda Diamonds & Jewellery Ltd's profit?

Golkunda Diamonds & Jewellery Ltd earned ₹3.5 Cr of net profit in the Dec 25 quarter, −28.2% year on year. Full-year FY25 profit was ₹12.0 Cr. The operating margin ran 9.7% in the latest quarter. — as of 24 July 2026.

What is Golkunda Diamonds & Jewellery Ltd's market cap?

Golkunda Diamonds & Jewellery Ltd's market capitalisation is ₹195 Cr at a share price of ₹280. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Golkunda Diamonds & Jewellery Ltd's P/E ratio?

Golkunda Diamonds & Jewellery Ltd trades at a P/E of 16.0×, at the 84th percentile of its own 10-year range, against a long-run median of 10.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Is Golkunda Diamonds & Jewellery Ltd overvalued?

On its own history, Golkunda Diamonds & Jewellery Ltd looks expensive against its own history: its P/E of 16.0× sits at the 84th percentile of its 10-year range (long-run median 10.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Golkunda Diamonds & Jewellery Ltd growing?

Not right now — Golkunda Diamonds & Jewellery Ltd's latest numbers are shrinking: latest-quarter revenue −15.2% year on year, profit −28.2%, and the margin −0.8 pp at 9.7%. The 10-year compound rates are 10.5% (revenue) and 19.6% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.

How is Golkunda Diamonds & Jewellery Ltd performing?

Golkunda Diamonds & Jewellery Ltd is in a confirmed uptrend, 18 weeks in. Its latest quarter's revenue fell 15.2% and profit fell 28.2% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 8 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Golkunda Diamonds & Jewellery Ltd in?

Mixed — no clean majority across the growth curves, ROCE lifting at 20.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth −15.2% latest, profit growth −28.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Golkunda Diamonds & Jewellery Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 18 of stage 2), trading +29.0% versus its 200-day average and at 84% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Golkunda Diamonds & Jewellery Ltd beating the market?

On recent form, yes — Golkunda Diamonds & Jewellery Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 8 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.0 years the stock moved +1,235% against the NIFTY 500's +236% — ahead of the index over the full window. — as of 24 July 2026.

Will Golkunda Diamonds & Jewellery Ltd's share price go up?

This page publishes no price forecast for Golkunda Diamonds & Jewellery Ltd. What it measures instead: the share price is ₹280, the price is in a confirmed uptrend 18 weeks in. Its P/E of 16.0× sits at the 84th percentile of its own 10-year range. — as of 24 July 2026.

Who owns Golkunda Diamonds & Jewellery Ltd?

Promoters hold 72.8% of Golkunda Diamonds & Jewellery Ltd, foreign institutions null%, domestic institutions null% and the public 27.2% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.

Does Golkunda Diamonds & Jewellery Ltd have too much debt?

It is moderate — Golkunda Diamonds & Jewellery Ltd's debt-to-equity is 0.55, and operating profit covers the interest bill 7×. FY25 borrowings were ₹36.0 Cr against equity of ₹65.0 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is Golkunda Diamonds & Jewellery Ltd's capex?

Golkunda Diamonds & Jewellery Ltd spent ₹8.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹0.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Golkunda Diamonds & Jewellery Ltd's cash flow?

Golkunda Diamonds & Jewellery Ltd generated ₹8.0 Cr of operating cash flow in FY25 and ₹8.0 Cr of free cash flow after ₹0.0 Cr of capital spending. Reported profit that year was ₹12.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Golkunda Diamonds & Jewellery Ltd's profit real cash?

Mostly — over the last 3 fiscal years, 77% of Golkunda Diamonds & Jewellery Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹8.0 Cr against reported profit of ₹12.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

Where is Golkunda Diamonds & Jewellery Ltd in its business cycle?

Golkunda Diamonds & Jewellery Ltd's FY25 operating margin was 8.0%, against a 12-year band of 3.0%–9.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 9.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Golkunda Diamonds & Jewellery Ltd story?

Biggest watch item: the P/E sits at the 84th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Golkunda Diamonds & Jewellery Ltd a stock worth studying right now?

This is not investment advice. The machine read: Golkunda Diamonds & Jewellery Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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