Goenka Diamond & Jewels Ltd. (GOENKA) AI Stock Analysis

• Market Cap: ₹266.28M
• Dividend Yield: N/A
• Average Volume (3M): 99.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 9
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): >-0.01
• Shares Outstanding: 317,000,000
• 10 Day Avg. Volume: 120,278
• 30 Day Avg. Volume: 99,275
• PEG Ratio: 0.46
• Price to Book (P/B): 0.13
• Price to Sales (P/S): 23.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ₹0.80 ▼(-4.64% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is pressured primarily by structurally weak financial performance (negative margins, recurring losses, and inconsistent/weak cash flow). Technicals also weigh heavily due to a clear downtrend across moving averages and negative MACD, while valuation offers limited support because the negative P/E reflects ongoing losses and no dividend yield data is available.

Goenka Diamond & Jewels Ltd. Business Overview & Revenue Model

Company Description

Goenka Diamond and Jewels Limited engages in the cutting, polishing, and sale of diamonds, color stones, precious and semi-precious stones in India. The company operates in two segments, Diamond and Jewellery. It is also involved in the manufacture and retail of diamond jewelry. The company supplies polished diamonds primarily to wholesalers, jewelry manufacturers, traders, and retailers in India, Hong Kong, the United States, and Russia. Goenka Diamond and Jewels Limited was incorporated in 1990 and is based in Mumbai, India.

How the Company Makes Money

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Goenka Diamond & Jewels Ltd. Financial Statement Overview

Summary

Despite a sharp FY2025 revenue rebound (+111.4% YoY), profitability is severely weak with negative gross profit and deeply negative operating/net margins, alongside volatile and recently negative operating cash flow. Leverage appears moderate, but persistent losses keep returns negative and raise execution risk.

Income Statement

Revenue rebounded sharply in FY2025 (up 111.4% YoY), but the business remains structurally unprofitable: gross profit is negative and operating profitability is deeply negative (FY2025 gross margin -73.2%, EBIT margin -113.5%). Net losses persist each year (FY2025 net margin -154.2%), indicating weak pricing power and/or high cost base despite the top-line recovery.

Balance Sheet

Leverage appears moderate with debt-to-equity around ~0.75–0.77 across recent years, suggesting the capital structure is not excessively geared. However, returns are consistently negative (FY2025 return on equity about -0.9%), reflecting ongoing losses that limit the balance sheet’s ability to compound value and raising longer-term concerns if profitability does not improve.

Cash Flow

Cash generation is volatile and recently weak: operating cash flow turned slightly negative in FY2025 after being positive in FY2024, and several prior years show meaningful cash burn. Free cash flow is inconsistent (FY2025 at zero vs. positive in FY2024 and negative in FY2023/FY2021/FY2020), which reduces financial flexibility and makes any turnaround more dependent on external funding or working-capital swings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.56M	13.63M	6.45M	16.25M	42.57M	35.02M
Gross Profit	395.00K	-9.97M	-5.47M	-913.00K	-4.33M	-17.96M
EBITDA	-794.00K	-10.89M	-17.85M	-17.45M	-17.30M	-9.19M
Net Income	-5.76M	-21.02M	-28.46M	-22.93M	-27.43M	-20.72M
Balance Sheet
Total Assets	0.00	7.92B	7.94B	7.95B	7.91B	7.93B
Cash, Cash Equivalents and Short-Term Investments	6.14M	6.14M	6.34M	5.88M	12.05M	4.11M
Total Debt	0.00	1.81B	1.81B	1.81B	1.81B	1.83B
Total Liabilities	-2.34B	5.58B	5.58B	5.57B	5.50B	5.49B
Stockholders Equity	2.34B	2.34B	2.36B	2.39B	2.41B	2.44B
Cash Flow
Free Cash Flow	0.00	0.00	959.00K	-9.80M	24.19M	-15.86M
Operating Cash Flow	0.00	-203.00K	959.00K	-5.46M	27.04M	-15.86M
Investing Cash Flow	0.00	0.00	0.00	-4.35M	-2.85M	0.00
Financing Cash Flow	0.00	75.00K	-467.00K	3.65M	-16.23M	14.82M

Goenka Diamond & Jewels Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBZ	66 Neutral	₹8.60B	3.41	―	1.38%	14.86%	48.09%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RGL	61 Neutral	₹10.30B	10.52	―	―	12.34%	-6.61%
RAJESHEXPO	51 Neutral	₹29.20B	18.97	―	―	112.02%	244.77%
KANANIIND	50 Neutral	₹265.14M	21.13	―	―	―	―
LYPSAGEMS	46 Neutral	₹133.56M	3.21	―	―	―	―
GOENKA	41 Neutral	₹266.28M	-23.75	―	―	―	―