Goa Carbon Ltd

₹ 430 -0.83%
12 Aug - close price
About

Incorporated in 1967, Goa Carbon Limited is in the business of manufacturing and marketing Calcined Petroleum Coke. It is a part of the Dempo group of companies. [1]

Key Points

Products
The Co 100% of its revenues from a single product: Calcined Petroleum Coke - It is primarily used in the Aluminium smelting, graphite electrode and Titanium Dioxide manufacturing. [1] [2]
Clients
The Company in the domestic market has been supplying to National Aluminium Co. Ltd., Hindalco Industries, Steel Authority of India Ltd. etc It also supplies to certain overseas clients such as Aluminium Pechiney – France, Aluminium of Greece (AOG), SABIC – Saudi Arabia, Dubai Aluminum (DUBAL), Sohar Aluminium Co. – Sultanate of Oman, ALUCAM – Cameroun etc. [3]

  • Market Cap 393 Cr.
  • Current Price 430
  • High / Low 615 / 304
  • Stock P/E 42.5
  • Book Value 87.9
  • Dividend Yield 2.33 %
  • ROCE 8.61 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 35.9 to 27.4 days.

Cons

  • Stock is trading at 4.89 times its book value
  • The company has delivered a poor sales growth of -3.29% over past five years.
  • Company has a low return on equity of 0.87% for last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 92.8% of their holding.
  • Earnings include an other income of Rs.8.54 Cr.

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
268 344 296 292 188 316 291
248 325 283 285 190 311 276
Operating Profit 20 19 13 7 -2 5 15
OPM % 8% 6% 4% 2% -1% 2% 5%
4 6 6 6 3 7 9
Interest 8 7 5 6 8 15 7
Depreciation 3 2 2 2 2 2 2
Profit before tax 14 16 12 4 -9 -5 15
Tax % 35% 33% 36% 4% -1% 30% 41%
Net Profit 9 10 8 4 -9 -3 9
EPS in Rs 10.01 11.42 8.35 4.19 -9.79 -3.70 9.96
Dividend Payout % 40% 35% 30% 4% -10% 0% 45%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: 0%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: 34%
TTM: 373%
Stock Price CAGR
10 Years: 19%
5 Years: 10%
3 Years: 19%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 1%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
9 9 9 9 9 9 9
Reserves 64 70 75 78 67 64 71
171 165 133 227 156 205 159
29 24 21 23 23 22 25
Total Liabilities 273 268 238 336 255 300 264
25 23 21 20 26 27 26
CWIP 0 0 1 4 0 0 0
Investments 0 0 0 0 0 0 0
248 245 215 313 229 273 239
Total Assets 273 268 238 336 255 300 264

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
-9 -23 83 -30 -14 38 15
-44 15 -10 -92 116 -80 25
71 -17 -40 94 -80 34 -51
Net Cash Flow 17 -26 33 -29 22 -8 -11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Debtor Days 20 30 11 42 58 22 27
Inventory Days 200 183 114 128 237 125 138
Days Payable 24 12 11 12 20 16 15
Cash Conversion Cycle 197 201 114 158 276 131 150
Working Capital Days 194 186 104 142 240 118 122
ROCE % 9% 7% 4% 1% 4% 9%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
59.72 59.72 59.72 59.72 59.72 59.72 59.72 59.72 59.72 59.72 59.72 59.72
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.10 0.20
0.05 0.21 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01
40.23 40.07 40.27 40.27 40.27 40.27 40.27 40.27 40.27 40.23 40.18 40.07

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