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GOLKUNDA DIAMONDS & JEWELLERY LTD. (GOLKUNDIA) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹1.8B

GD GOLKUNDA DIAMONDS & JEWELLERY LTD. GOLKUNDIA · BSE
Price₹329.20
Fair Value₹279.57
Upside-15.1%
Quality55/100
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Healthy Growth
Thin margins · 4.9% net margin
Low debt · generates free cash flow
0.55% dividend yield
Mixed vs. peers (8/14)
Moderate moat 49/100
Evidence: High Range ₹158.30 – ₹428.71 Share as image

Fair value as of: Aug 19, 2026

From 24 valuation models · updated today

A solid business, but screening 15% overvalued on our models.

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What matters now

  • The model range is unusually wide (₹158.30 to ₹428.71). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹329.20 ₹16.04 Fair Value ₹279.57 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹16.04 – ₹329.20 · fair‑value band ₹158.30 – ₹428.71 · the ₹329.20 price screens above the ₹279.57 fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

GOLKUNDA DIAMONDS & JEWELLERY LTD. (GOLKUNDIA) currently trades at ₹329.20, while our model-based Fair Value estimate is ₹279.57, implying the stock looks roughly 15.1% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, GOLKUNDA DIAMONDS & JEWELLERY LTD. generated revenue of ₹2.8B at a net margin of 4.9%. Revenue grew 10.9% year over year. It earns a return on equity of 18.8%. Net debt stands at ₹317M. Fundamentals as of Aug 19, 2026

Our scenario range runs from ₹158.30 (bear case) to ₹428.71 (bull case); at ₹329.20, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at -15%, GOLKUNDIA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹128.47 ₹206.53 ₹317.80 80
Residual Income ₹114.00 ₹148.37 ₹375.88 76
Rev-Margin DCF ₹211.70 ₹388.52 ₹614.54 74
All 24 models by family
DCF Models
FCF DCF ₹130.38 ₹218.79 ₹352.75 38
Owner Earnings ₹208.80 ₹348.13 ₹559.25 31
5Y Revenue Exit ₹211.70 ₹394.96 ₹646.04 39
5Y EBITDA Exit ₹207.16 ₹385.67 ₹609.82 41
5Y P/E Exit ₹229.92 ₹432.21 ₹663.61 38
10Y Revenue Exit ₹169.89 ₹323.16 ₹560.74 36
10Y EBITDA Exit ₹174.89 ₹316.97 ₹533.26 37
10Y P/E Exit ₹188.65 ₹347.99 ₹574.06 35
Earnings-Based
Graham-Dodd ₹133.72 ₹605.65 ₹830.61 54
Lynch FV ₹158.30 ₹226.14 ₹293.98 50
PEG = 1.0 ₹158.30 ₹226.14 ₹293.98 46
EPV ₹210.22 ₹239.68 ₹264.22 59
Multiples
P/E Multiple ₹324.46 ₹432.61 ₹540.76 63
P/S Multiple ₹250.72 ₹334.29 ₹417.86 58
P/B Multiple ₹250.72 ₹334.29 ₹417.86 55
EV/EBIT ₹399.21 ₹534.21 ₹669.20 53
EV/EBITDA ₹278.75 ₹373.59 ₹468.43 54
EV/Revenue ₹267.22 ₹384.22 ₹501.21 43
Asset-Based
NCAV (Graham) ₹57.61 ₹77.20 ₹115.22 50
Growth DCF
Growth DCF ₹128.47 ₹206.53 ₹317.80 80
Rev-Margin DCF ₹211.70 ₹388.52 ₹614.54 74
Economic Profit
Residual Income ₹114.00 ₹148.37 ₹375.88 76
ROIC Compounder ₹232.77 ₹297.00 ₹373.91 72
Growth Earnings
Growth-Adj P/E ₹262.96 ₹375.66 ₹488.36 68

Widest divergence: Growth Earnings (₹375.66) versus Asset-Based (₹77.20). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.8B
Revenue growth (YoY) +10.9%
Net margin 4.9%
Return on equity 18.8%
Free cash flow ₹90.4M FY2026
P/E ratio 16.7
More key figures
Operating margin 8.1%
EPS (TTM) ₹19.67
Dividend yield 0.6%
EPS growth (YoY) +67.0%
Net debt ₹317M FY2026

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 85

Profitability 60
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 90
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Golkunda Diamonds & Jewellery Limited manufactures and sells diamond studded gold jewelry in India. The company's products include rings, pendants, bracelets, earrings, necklaces, and bangles. It also exports its products. Golkunda Diamonds & Jewellery Limited was incorporated in 1990 and is based in Mumbai, India.

Full company description

Golkunda Diamonds & Jewellery Limited manufactures and sells diamond studded gold jewelry in India. The company's products include rings, pendants, bracelets, earrings, necklaces, and bangles. It also exports its products. Golkunda Diamonds & Jewellery Limited was incorporated in 1990 and is based in Mumbai, India. Golkunda Diamonds & Jewellery Limited is a subsidiary of Neverloose Properties & Investment Private Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

GOLKUNDA DIAMONDS & JEWELLERY LTD. reported revenue of ₹2.8B in FY2026 versus ₹2.3B in FY2022, a compound +4.7%/yr. Reported net income was ₹137M in FY2026, compounding +16.7%/yr from FY2022.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹2.8B
Latest YoY
+11.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Revenue +4.7%/yr
FY22 ₹2.3B
FY23 ₹2.3B
FY24 ₹2.3B
FY25 ₹2.5B
FY26 ₹2.8B
Net income +16.7%/yr
FY22 ₹73.7M
FY23 ₹94.3M
FY24 ₹96.2M
FY25 ₹118M
FY26 ₹137M

GOLKUNDIA screens 15% overvalued. Compare with Compagnie Financière Richemont SA →

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Cite: Fair Value Calculator (2026). "GOLKUNDA DIAMONDS & JEWELLERY LTD. Fair Value". https://www.fairvalue-calculator.com/stock/GOLKUNDIA

Peer Group

Luxury Goods · 136 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside −15% · Below median
Return on equity (TTM) 19% · Above median
Return on assets 9% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/E (TTM) 16.7× · Pricier than median
P/B 2.30× · Pricier than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 8.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE13 · sector 14
FUTURE55 · sector 38
PAST75 · sector 40
HEALTH96 · sector 99
DIVIDEND9 · sector 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 185.45 CHF 118.46 -36%
Christian Dior SE DIO €423.60 €1,095 +159%
Kering SA KER €270.60 €56.23 -79%
Tapestry, Inc TPR $153.74 $19.95 -87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 -6%
Prada S.p.A 1913 HK$42.22 HK$64.07 +52%
Pandora A/S PNDORA kr 771.40 kr 1,424 +85%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%
Kalyan Jewellers India Limited KALYANKJIL ₹596.70 ₹238.57 -60%
Henan Liliang Diamond Co 301071 ¥60.38 ¥9.24 -85%

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Frequently asked questions

Is GOLKUNDA DIAMONDS & JEWELLERY LTD. (GOLKUNDIA) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹279.57 versus a price of ₹329.20, about −15% (overvalued).
What is the fair value of GOLKUNDIA?
Our model-based fair value for GOLKUNDA DIAMONDS & JEWELLERY LTD. is ₹279.57 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹329.20.
What is the quality score of GOLKUNDIA?
GOLKUNDA DIAMONDS & JEWELLERY LTD. has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of GOLKUNDA DIAMONDS & JEWELLERY LTD. (GOLKUNDIA)?
GOLKUNDA DIAMONDS & JEWELLERY LTD. reported trailing-twelve-month revenue of about ₹2.8B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of GOLKUNDIA?
The net profit margin of GOLKUNDA DIAMONDS & JEWELLERY LTD. is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.
Does GOLKUNDA DIAMONDS & JEWELLERY LTD. pay a dividend?
GOLKUNDA DIAMONDS & JEWELLERY LTD. currently shows a dividend yield of about 0.55% relative to its recent price (as of Aug 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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