Goyal Associates Ltd

₹ 1.02 -1.92%

18 Sep - close price

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 ₹ 5.40 Cr.
Current Price ₹ 1.02
High / Low ₹ 1.20 / 0.65
Stock P/E
Book Value ₹ 0.99
Dividend Yield 0.00 %
ROCE -4.36 %
ROE -5.03 %
Face Value ₹ 1.00

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Pros

Stock is trading at 1.03 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 1.17% over past five years.
Promoter holding is low: 4.72%
Company has a low return on equity of 7.50% over last 3 years.
Working capital days have increased from 455 days to 1,669 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.98	0.93	0.93	0.92	0.81	0.44	0.89	0.49	0.28	0.29	0.29	0.38	0.39
Interest	0.04	0.01	0.03	0.02	0.02	0.02	0.02	0.02	0.00	0.00	0.01	0.00	0.00
	0.70	0.67	0.65	0.62	0.57	0.28	0.53	0.31	0.25	0.22	0.21	0.83	0.15
Financing Profit	0.24	0.25	0.25	0.28	0.22	0.14	0.34	0.16	0.03	0.07	0.07	-0.45	0.24
Financing Margin %	24.49%	26.88%	26.88%	30.43%	27.16%	31.82%	38.20%	32.65%	10.71%	24.14%	24.14%	-118.42%	61.54%
	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.12	0.00	0.00	0.00	0.06	0.00
Depreciation	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02
Profit before tax	0.19	0.20	0.20	0.24	0.19	0.11	0.31	0.25	0.01	0.05	0.05	-0.41	0.22
Tax %	26.32%	0.00%	25.00%	4.17%	0.00%	0.00%	0.00%	48.00%	0.00%	0.00%	0.00%	-7.32%	0.00%
	0.14	0.20	0.15	0.24	0.18	0.11	0.31	0.13	0.01	0.05	0.05	-0.39	0.23
EPS in Rs	0.03	0.04	0.03	0.05	0.04	0.02	0.07	0.02	0.00	0.01	0.01	-0.07	0.04
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0.45	0.18	0.14	0.61	6.65	3.62	1.17	1.52	3.41	3.75	2.63	1.24	1.35
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.11	0.10	0.09	0.08	0.01	0.01
	0.46	0.25	0.17	0.67	7.28	3.42	1.00	1.73	2.43	2.65	1.68	1.51	1.41
Financing Profit	-0.01	-0.07	-0.03	-0.06	-0.63	0.20	0.11	-0.32	0.88	1.01	0.87	-0.28	-0.07
Financing Margin %	-2.22%	-38.89%	-21.43%	-9.84%	-9.47%	5.52%	9.40%	-21.05%	25.81%	26.93%	33.08%	-22.58%	-5.19%
	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.12	0.06	0.06
Depreciation	0.03	0.00	0.00	0.00	0.00	0.00	0.05	0.12	0.16	0.18	0.12	0.07	0.08
Profit before tax	-0.03	-0.07	-0.03	-0.06	-0.63	0.20	0.06	-0.44	0.72	0.84	0.87	-0.29	-0.09
Tax %	-33.33%	0.00%	0.00%	0.00%	0.00%	15.00%	33.33%	0.00%	16.67%	25.00%	13.79%	-10.34%
	-0.01	-0.07	-0.03	-0.06	-0.63	0.16	0.03	-0.45	0.59	0.63	0.74	-0.27	-0.06
EPS in Rs	-0.00	-0.01	-0.01	-0.01	-0.13	0.03	0.01	-0.10	0.13	0.13	0.14	-0.05	-0.01
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:	21%
5 Years:	1%
3 Years:	-29%
TTM:	-36%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-111%

Stock Price CAGR
10 Years:	-12%
5 Years:	-27%
3 Years:	-14%
1 Year:	-3%

Return on Equity
10 Years:	2%
5 Years:	6%
3 Years:	8%
Last Year:	-5%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	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	-6.45	-1.69	-1.72	-1.79	-2.41	-2.25	-2.22	-2.66	-2.08	-1.44	0.21	-0.05
Borrowing	4.63	0.00	0.00	0.00	0.00	0.00	3.21	1.99	1.24	1.14	1.05	1.05
	0.01	1.01	0.01	0.01	2.95	0.21	1.01	1.37	1.15	1.66	1.93	2.21
Total Liabilities	3.27	4.01	2.98	2.91	5.23	2.65	6.69	5.39	5.00	6.05	8.48	8.50
	0.00	0.00	0.00	0.00	0.00	0.00	0.36	0.31	0.56	0.38	0.19	0.11
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
Investments	0.00	0.00	0.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.27	4.01	2.58	2.91	5.23	2.65	6.33	5.08	4.44	5.67	8.29	8.39
Total Assets	3.27	4.01	2.98	2.91	5.23	2.65	6.69	5.39	5.00	6.05	8.48	8.50

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1.73	2.06	-1.41	-0.65	-0.24	-0.52	-2.24	1.17	0.86	-0.05	-1.52	-0.23
	0.00	0.00	-0.40	0.64	0.73	0.00	-0.42	-0.07	-0.41	-0.01	0.20	0.00
	-1.74	-0.19	0.00	0.00	0.00	0.00	3.23	-1.35	-0.74	0.00	1.42	0.11
Net Cash Flow	-0.01	1.88	-1.81	0.00	0.49	-0.52	0.58	-0.26	-0.29	-0.06	0.10	-0.12
Free Cash Flow	1.73	2.06	-1.41	-0.65	-0.24	-0.52	-1.82	1.10	0.45	-0.06	-1.32	-0.23
CFO/OP	-17,300%	-2,943%	4,700%	1,083%	38%	-260%	-1,300%	-557%	100%	15%	-137%	85%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %		-8.59%	-1.01%	-2.04%	-24.32%	6.78%	1.22%	-20.00%	25.43%	21.50%	13.49%	-5.03%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Loan Book (Net of provisions)
INR Lakhs

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Gross Non-Performing Assets
INR Lakhs

Gross NPA as % of Loan Book
%

Interest on Loans as % of Revenue from Operations
%

Loans to Bodies Corporate & Individuals
INR Lakhs

Processing Fees as % of Revenue from Operations
%

Retail Loans
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	5.33%	5.33%	5.33%	5.33%	5.33%	5.33%	4.72%	4.72%	4.72%	4.72%	4.72%	4.72%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	94.66%	94.66%	94.66%	94.66%	94.66%	94.66%	95.27%	95.26%	95.26%	95.26%	95.26%	95.26%
No. of Shareholders	11,355	13,274	16,392	18,946	20,321	24,958	27,205	27,516	27,716	27,944	27,438	27,926

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	10.65%	10.65%	10.65%	10.65%	10.65%	5.33%	5.33%	5.33%	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%
	89.33%	89.33%	89.33%	89.33%	89.33%	94.66%	94.65%	94.66%	95.27%	95.26%	95.26%
No. of Shareholders	5,334	5,308	5,229	5,262	5,329	7,335	8,901	16,392	27,205	27,438	27,926

* 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.

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Goyal Associates Ltd

Goyal Associates Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports