Golkunda Diamonds & Jewellery Limited (GOLKUNDIA.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-0.5%

₹350.10

vs ₹352.00 price

Levered DCF

₹142.70

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.29×	11.42×	11.73×	6.61×	8.74×	5.05×	5.1×	6.82×
P/B	2.27×	2.06×	2.09×	1.37×	1.74×	0.44×	0.4×	0.34×
P/S	0.65×	0.53×	0.5×	0.27×	0.28×	0.08×	0.09×	0.09×
EV / EBITDA	8.85×	8.08×	8.96×	6.68×	8.46×	7.88×	8.53×	9.24×
Gross margin	10.8%	15.3%	13.8%	10.5%	9.5%	6.5%	8.9%	8.5%
Operating margin	7.4%	11.6%	5.4%	3.7%	3.3%	1.5%	1.8%	0.1%
Net margin	4.9%	4.7%	4.2%	4.2%	3.1%	1.6%	1.7%	1.3%
Current ratio	2.21×	1.9×	1.75×	1.67×	1.58×	1.53×	1.67×	1.64×
Debt / equity	0.43×	0.55×	0.73×	0.88×	1.11×	1.08×	1.05×	1.13×
Interest coverage	6.43×	9.17×	4.08×	3.19×	4.32×	1.79×	1.41×	0.03×
Dividend yield	0.6%	0.8%	0.9%	1.7%	1.3%	5.1%	6.0%	0.0%
Payout ratio	7.8%	9.0%	10.8%	11.2%	11.3%	25.9%	30.8%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.1%	18.1%	17.8%	20.7%	19.9%	8.8%	7.8%	5.0%
Return on invested capital	13.3%	20.9%	9.7%	7.2%	7.0%	2.7%	3.0%	0.1%
Return on assets	9.0%	9.2%	8.3%	8.9%	7.6%	3.5%	3.3%	2.1%
Free cash flow yield	3.9%	5.9%	0.7%	9.0%	-9.0%	8.1%	11.6%	25.6%
Earnings yield	7.5%	8.8%	8.5%	15.1%	11.4%	19.8%	19.6%	14.6%
Enterprise value	₹2B	₹1.6B	₹1.5B	₹1B	₹1.1B	₹452.7M	₹403.9M	₹396.6M
Net debt / EBITDA	0.88×	1.25×	2.28×	2.62×	3.27×	5.52×	6.18×	7.09×
Cash conversion cycle (days)	108	116	117	108	103	110	137	171