Goldkart Jewels Ltd, part of the Laxmi Group, operates a jewellery showroom in Ahmedabad, retailing gold, silver, diamond, and platinum jewellery. Its product range includes a wide variety of ornaments such as gold chains, necklaces, bangles, ear studs, nose rings, waist belts, kasu malai, finger rings, and bracelets, catering to both traditional and modern tastes. The company also deals in branded jewellery alongside its in-house offerings. The company is headquartered at 7 Millenium Plaza Mansi Cross Rd, opposite Swaminarayan Mandir, Ahmedabad, Gujarat-380013.
The company was originally incorporated as a Private Limited Company with the name of Sona Hi Sona Jewellers (Gujarat) Private Limited on February 09, 2010. It was later converted into a Public Limited Company and renamed to Sona Hi Sona Jewellers (Gujarat) Limited on July 19, 2017. The company eventually changed its name to Goldkart Jewels Limited, reflecting its evolving brand identity in the jewellery retail space.
As of the latest available data, Goldkart Jewels has a market capitalization of ₹358 crore, representing an impressive 96.5% increase over one year. The company approved and published audited standalone financial results for FY ended March 31, 2025, on May 8, 2025, with an unmodified audit opinion.
The company maintains an ROE of 6%, which is considered fair but has room for improvement. The stock is currently trading at 7.12 times its book value.
• Market Capitalization: ₹358 Crore (Latest Data)
• Year-on-Year Market Cap Growth: 96.5%
• Promoter Holding: 74.14% (As of March 2025)
• FY Ended March 31, 2025 (Audited Standalone Results): - Revenue: ₹82.4 Crores - Profit: ₹3.32 Crores
• Trailing Twelve Months (TTM) Operating Revenue: ₹182.22 Crores
• Latest Quarter Gross Sales: ₹682.1 Crores
• Latest Quarter Total Income: ₹682.1 Crores
• Return on Equity (ROE): 6%
• Price to Book Value: 7.12
Raw materials like gold, gemstones, and American diamonds are sourced from key markets in Ahmedabad, Surat, and Mumbai. Raw gold is typically procured from the bullion market and crafted into finished jewellery through in-house manufacturing or third-party job work arrangements. This integrated approach allows the company to maintain quality control while managing costs effectively across its product portfolio.
The company's business model combines retail operations with manufacturing capabilities, positioning it well in the competitive jewellery market. By maintaining both in-house production and third-party arrangements, Goldkart can adapt to demand fluctuations and optimize its operational efficiency.
The stock's 52-week high stands at ₹220.65 and 52-week low at ₹91.70. Goldkart reached its all-time high on March 28, 2025, with a price of ₹220.65, while its all-time low was ₹75.00 reached on December 4, 2023. This significant price appreciation reflects growing investor confidence in the company's business prospects.
From a technical analysis perspective, the stock has:
• EPS Rank: 72 (Fair but needs improvement)
• RS Rating: 88 (Good performance compared to other stocks)
• Buyer Demand: D- (Indicating heavy supply)
• Group Rank: 58 (Fair industry group in Retail/Wholesale-Jewelry)
Promoter holding in Goldkart Jewels Ltd stands at 74.14% as of March 2025, unchanged from September 2023. This stable promoter holding indicates strong management commitment and confidence in the company's long-term prospects. Despite reporting repeated profits, the company is not currently paying dividends to shareholders.
The company's management team includes key executives such as Falak Patel, Smit Shah, Pooja Jadiya, Meet Paresh Shah, Alpa Shah, and Vijay Shah.
On May 6, 2025, CRISIL upgraded Goldkart Jewels' bank loan rating from B to BB with a stable outlook for its ₹13 crore facility. This rating upgrade reflects improved financial health and creditworthiness, demonstrating the company's strengthening fundamentals and better risk profile.
The company trades on both NSE and BSE under the symbol GOLDKART, making it accessible to a wide range of investors. Currently, the company does not pay dividends to its shareholders, suggesting a focus on reinvestment for growth rather than immediate returns to equity holders.
Goldkart Jewels represents a growing player in India's organized jewellery retail sector, with a strong regional presence in Gujarat and expanding market reach. The company's combination of traditional craftsmanship and modern retail approach positions it well to capitalize on India's growing demand for quality jewellery products.
