Company Overview

Goenka Diamond & Jewels Limited, incorporated in 1990 and based in Mumbai, is engaged in the trading and manufacturing of diamond and gold jewelry. The company operates through two primary segments: Diamond and Jewellery. It specializes in the cutting and polishing of diamonds, color stones, and precious and semi-precious stones, alongside the manufacturing, retailing, and trading of diamond and gold jewelry.

Business Operations and Infrastructure

Goenka Diamond & Jewels operates a processing unit in Surat (SEZ) for diamond processing and a manufacturing facility in Mumbai for the local market and jewelry making. The SEZ facility in Sachin, Surat, spans 25,000 sq.ft. and is equipped with 26 polishing machines, 2 sarin machines, 6 auto brutters, and 1 laser machine, with an installed capacity of 60,000 carats per annum. The Mumbai facility, a 2,000 sq.ft. unit, houses 40 polishing machines, 2 sarin machines, 3 auto brutters, and 1 laser machine, primarily processing larger diamond stones for domestic sales. Additionally, their Russian subsidiary has a manufacturing facility for processing rough diamonds procured from local auctions, equipped with 10 polishing machines, 1 sarin machine, 2 auto brutters, and 1 laser machine.

The company maintains a comprehensive supply chain, sourcing rough diamonds from suppliers in Hong Kong, USA, Russia, and the local Indian market. Polished diamonds are supplied primarily to wholesalers, jewelry manufacturers, traders, and retailers in India, as well as in international markets such as Hong Kong, Southeast Asia, and the USA. Key subsidiaries include M.B. Diamonds LLC, Goenka Diamond & Jewels DMCC, and Solitaire Diamond Exports.

Brand Portfolio and Retail Presence

The company's business is structured into diamond processing and a jewelry division, featuring two sub-brands: Ceres, focusing on high-end jewelry, and GWild, targeting a younger demographic. They launched both brands and established exclusive "G-Wild" retail stores. In April 2009, their first exclusive "Ceres" retail store was opened in Mumbai. Currently, the company has a retail presence with 3 company-operated "G-Wild" stores, 1 store under franchisee, and 1 shop-in-shop for "G-Wild".

Management and Leadership

The key management includes Nandlal Goenka as Chairman and Navneet Goenka as Vice Chairman & Managing Director. Dimpal Jaiswal serves as the Company Secretary. The company was promoted by Nand Lal Goenka and his two sons, Mr. Navneet Goenka and Mr. Nitin Goenka.

Market Position and Recognition

The company has been awarded a "Two Star Export House" accreditation by the Ministry of Commerce and holds an ISO 9001:2000 certification. As of February 28, 2025, the current market capitalization was Rs 28 crore, with a reported market cap of Rs 28.85 crore as of April 30, 2025.

Financial Performance and Key Metrics

Recent Financial Results

For the quarter ended December 2024, Goenka Diamond & Jewels reported a net loss of Rs 0.69 crore, compared to a net loss of Rs 0.50 crore in the previous quarter ended December 2023. Sales increased by 31.25% to Rs 0.21 crore in the quarter ended December 2024, up from Rs 0.16 crore in the corresponding quarter of the previous year.

Key Financial Ratios and Metrics

* Market Capitalisation: Rs 28.85 crore (as of April 2025)

* Book Value: ₹ 7.38

* ROE (Return on Equity): -0.89%

* ROCE (Return on Capital Employed): -0.37%

* PE Ratio (Price-to-Earnings): -13.00

* PB Ratio (Price-to-Book): 0.14

Performance Indicators

The company has demonstrated poor sales growth, with a decline of -36.1% over the past five years. It exhibits a low return on equity of -1.02% over the last 3 years. Goenka Diamond and Jewels Ltd has provided a negative return of -34.03% in the last 3 years.

Trading Information

The 52-week high share price for Goenka Diamond & Jewels Ltd is Rs 1.48, and the 52-week low is Rs 0.74. Contingent liabilities of Rs. 51.0 Cr are noted in the company's books. Promoter holding in Goenka Diamond & Jewels Ltd stood at 57.55% as of December 2024, unchanged from March 2024.

The company trades on both NSE and BSE exchanges under the symbol "GOENKA" and operates in the Consumer Discretionary sector, specifically within the Precious Metals, Jewellery & Watches sub-sector. Despite facing operational challenges and reporting recent quarterly losses, the company continues its operations in the diamond and jewelry business, supported by its established infrastructure and market brand presence.