What captured our attention
While the gems and jewellery space was going through its own set of challenges (in the backdrop of fall out of major jewellery players) we looked into Goldiam Int. given its technology expertise and product offering (lab-grown diamonds), the client market (100% export), superior balance sheet with net cash position, history of dividend payouts and buy-backs. Aspects like superior board, management too held meaningful importance.
Valuation Discrepancy Insights
At a market cap of ~Rs 12bn at time of initiation, Goldiam International was under-researched and under-valued given its growth potential and the promising US market opportunity.
Monarch Networth's Value-Added Contribution
Being the first one to cover the stock, we were able to market the story in a more effective and timely manner. Our comprehensive report including periodic channel checks / study of competitors provided comfort to our investors. Since our coverage initiation, the company's stock price has turned 2.7x, a testament to our insights and ability to pick up stocks at right time.
