Goyal Associates Ltd

Goyal Associates Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Goyal Associates Ltd

₹ 0.87 -3.33%
13 Feb - close price
goyalassociatesltd.com BSE: 530663
About

Incorporated in 1994, Goyal Associates Ltd is engaged in Investment and financing activities[1]

Key Points

Business Overview:[1][2]
GAL is registered as a non systematically
important non-deposit taking non-banking
finance company. It provides services
for:
a) Micro Enterprise loans
b) SME Loans
c) Vehicle Loans
d) Agro based Loans
e) Loans to Micro Financial Institutions
f) NBFCs & share trading
g) Other financial-related activities of NBFCs etc.

Website BSE
  • Market Cap ₹ 4.61 Cr.
  • Current Price ₹ 0.87
  • High / Low ₹ 1.70 / 0.76
  • Stock P/E 19.2
  • Book Value ₹ 1.05
  • Dividend Yield 0.00 %
  • ROCE 17.4 %
  • ROE 16.9 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Stock is trading at 0.83 times its book value
  • Debtor days have improved from 66.7 to 22.2 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 4.72%
  • Working capital days have increased from 255 days to 824 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
0.09 1.26 0.98 0.93 0.93 0.92 0.81 0.44 0.89 0.49 0.28 0.29 0.28
Interest 0.00 0.02 0.04 0.01 0.03 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.01
0.06 1.25 0.70 0.67 0.65 0.62 0.57 0.28 0.53 0.31 0.25 0.22 0.20
Financing Profit 0.03 -0.01 0.24 0.25 0.25 0.28 0.22 0.14 0.34 0.16 0.03 0.07 0.07
Financing Margin % 33.33% -0.79% 24.49% 26.88% 26.88% 30.43% 27.16% 31.82% 38.20% 32.65% 10.71% 24.14% 25.00%
0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.12 0.00 0.00 0.00
Depreciation 0.00 0.04 0.05 0.05 0.05 0.05 0.03 0.03 0.03 0.03 0.02 0.02 0.02
Profit before tax 0.03 -0.05 0.19 0.20 0.20 0.24 0.19 0.11 0.31 0.25 0.01 0.05 0.05
Tax % 0.00% 0.00% 26.32% 0.00% 25.00% 4.17% 0.00% 0.00% 0.00% 48.00% 0.00% 0.00% 0.00%
0.02 -0.05 0.14 0.20 0.15 0.24 0.18 0.11 0.31 0.13 0.01 0.05 0.05
EPS in Rs 0.00 -0.01 0.03 0.04 0.03 0.05 0.04 0.02 0.07 0.02 0.00 0.01 0.01
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
0.35 0.45 0.18 0.14 0.61 6.65 3.62 1.17 1.52 3.41 3.75 2.63 1.34
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.11 0.10 0.09 0.08 0.03
0.48 0.46 0.25 0.17 0.67 7.28 3.42 1.00 1.73 2.43 2.65 1.68 0.98
Financing Profit -0.13 -0.01 -0.07 -0.03 -0.06 -0.63 0.20 0.11 -0.32 0.88 1.01 0.87 0.33
Financing Margin % -37.14% -2.22% -38.89% -21.43% -9.84% -9.47% 5.52% 9.40% -21.05% 25.81% 26.93% 33.08% 24.63%
0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.12 0.12
Depreciation 0.04 0.03 0.00 0.00 0.00 0.00 0.00 0.05 0.12 0.16 0.18 0.12 0.09
Profit before tax -0.17 -0.03 -0.07 -0.03 -0.06 -0.63 0.20 0.06 -0.44 0.72 0.84 0.87 0.36
Tax % 5.88% -33.33% 0.00% 0.00% 0.00% 0.00% 15.00% 33.33% 0.00% 16.67% 25.00% 13.79%
-0.18 -0.01 -0.07 -0.03 -0.06 -0.63 0.16 0.03 -0.45 0.59 0.63 0.74 0.24
EPS in Rs -0.04 -0.00 -0.01 -0.01 -0.01 -0.13 0.03 0.01 -0.10 0.13 0.13 0.14 0.04
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 19%
5 Years: -6%
3 Years: 20%
TTM: -56%
Compounded Profit Growth
10 Years: 54%
5 Years: 36%
3 Years: 54%
TTM: -71%
Stock Price CAGR
10 Years: %
5 Years: -20%
3 Years: -30%
1 Year: -40%
Return on Equity
10 Years: 4%
5 Years: 11%
3 Years: 20%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 5.08 5.08 4.69 4.69 4.69 4.69 4.69 4.69 4.69 4.69 4.69 5.29 5.29
Reserves -6.43 -6.45 -1.69 -1.72 -1.79 -2.41 -2.25 -2.22 -2.66 -2.08 -1.44 0.21 0.28
Borrowing 6.37 4.63 0.00 0.00 0.00 0.00 0.00 3.21 1.99 1.24 1.14 1.05 1.05
0.02 0.01 1.01 0.01 0.01 2.95 0.21 1.01 1.37 1.15 1.66 1.93 2.20
Total Liabilities 5.04 3.27 4.01 2.98 2.91 5.23 2.65 6.69 5.39 5.00 6.05 8.48 8.82
0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.36 0.31 0.56 0.38 0.19 0.15
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.93 3.27 4.01 2.58 2.91 5.23 2.65 6.33 5.08 4.44 5.67 8.29 8.67
Total Assets 5.04 3.27 4.01 2.98 2.91 5.23 2.65 6.69 5.39 5.00 6.05 8.48 8.82

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-2.65 1.73 2.06 -1.41 -0.65 -0.24 -0.52 -2.24 1.17 0.86 -0.05 -1.52
0.00 0.00 0.00 -0.40 0.64 0.73 0.00 -0.42 -0.07 -0.41 0.00 0.19
2.46 -1.74 -0.19 0.00 0.00 0.00 0.00 3.23 -1.35 -0.74 0.00 1.42
Net Cash Flow -0.19 -0.01 1.88 -1.81 0.00 0.49 -0.52 0.58 -0.26 -0.29 -0.05 0.10

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % -8.59% -1.01% -2.04% -24.32% 6.78% 1.22% -20.00% 25.43% 21.50% 16.91%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
5.33% 5.33% 5.33% 5.33% 5.33% 5.33% 5.33% 5.33% 4.72% 4.72% 4.72% 4.72%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01%
94.65% 94.65% 94.66% 94.66% 94.66% 94.66% 94.66% 94.66% 95.27% 95.26% 95.26% 95.26%
No. of Shareholders 8,9019,25611,35513,27416,39218,94620,32124,95827,20527,51627,71627,944

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports