GOCL Corporation Ltd

₹ 306 0.38%

01 Dec - close price

About

GOCL Corporation Ltd is engaged in the business of Energetics, Mining & Infrastructure Services and Realty.^[1]

It is a part of Hinduja Group which has presence across various industries such as Automotive, information technology, media, entertainment & communications, infrastructure project, development, oil & specialty chemicals, power, real estate and healthcare. The group employees 200,000 people around the world.^[2]

Key Points

Business^[1]
The company is in the business of manufacturing and marketing packaged and bulk explosives, and blast initiating devices.

Website BSE NSE

Market Cap ₹ 1,517 Cr.
Current Price ₹ 306
High / Low ₹ 421 / 245
Stock P/E 14.8
Book Value ₹ 396
Dividend Yield 3.27 %
ROCE 9.45 %
ROE 15.7 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.77 times its book value
Stock is providing a good dividend yield of 3.27%.
Company has delivered good profit growth of 117% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 33.0%
Debtor days have improved from 186 to 51.1 days.

Cons

Promoter holding has decreased over last quarter: -5.00%
The company has delivered a poor sales growth of -31.2% over past five years.
Company has a low return on equity of 10.5% over last 3 years.
Contingent liabilities of Rs.1,729 Cr.
Earnings include an other income of Rs.1,398 Cr.
Working capital days have increased from 9,525 days to 18,542 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

Commodities Chemicals Chemicals & Petrochemicals Explosives

Part of BSE SmallCap BSE Allcap BSE Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	39	44	48	36	31	21	3	4	3	5	3	3	2
	39	41	47	36	28	27	10	18	7	12	7	9	7
Operating Profit	-1	3	1	1	3	-5	-6	-14	-4	-7	-4	-5	-5
OPM %	-2%	7%	2%	1%	10%	-26%	-188%	-361%	-102%	-155%	-149%	-157%	-236%
	97	16	16	17	20	18	16	82	13	104	31	1,221	41
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	2	2	2	2	1	1	1	1	0	1	1
Profit before tax	95	18	14	15	21	11	9	67	8	97	26	1,215	35
Tax %	35%	32%	26%	31%	26%	22%	26%	39%	70%	-7%	25%	1%	28%
	61	12	10	11	16	8	6	41	2	104	20	1,207	26
EPS in Rs	12.35	2.42	2.09	2.15	3.19	1.69	1.29	8.23	0.50	20.91	3.99	243.48	5.19
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	886	109	102	100	88	99	96	98	121	175	17	15	13
	836	98	97	107	93	106	102	102	122	169	32	44	35
Operating Profit	49	11	5	-6	-5	-7	-6	-4	-1	6	-15	-29	-22
OPM %	6%	10%	5%	-6%	-6%	-8%	-6%	-4%	-0%	4%	-88%	-194%	-168%
	78	34	23	37	37	40	14	65	64	356	73	230	1,398
Interest	34	2	1	1	1	2	2	2	1	1	1	1	0
Depreciation	14	1	2	2	2	2	3	3	4	5	3	2	2
Profit before tax	79	42	26	28	29	29	3	56	58	356	55	198	1,374
Tax %	26%	27%	32%	24%	20%	3%	25%	12%	18%	35%	25%	16%
	58	31	18	21	23	28	2	49	48	233	41	167	1,356
EPS in Rs	5.89	6.19	3.55	4.25	4.62	5.62	0.47	9.89	9.62	46.97	8.32	33.64	273.57
Dividend Payout %	42%	32%	42%	38%	35%	36%	854%	61%	52%	21%	48%	30%

Compounded Sales Growth
10 Years:	-18%
5 Years:	-31%
3 Years:	-50%
TTM:	-59%

Compounded Profit Growth
10 Years:	18%
5 Years:	117%
3 Years:	33%
TTM:	34%

Stock Price CAGR
10 Years:	8%
5 Years:	8%
3 Years:	-3%
1 Year:	-20%

Return on Equity
10 Years:	7%
5 Years:	11%
3 Years:	10%
Last Year:	16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	20	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	1,114	998	1,007	359	366	376	366	385	413	629	621	768	1,951
	179	10	4	0	10	5	5	3	3	0	1	0	0
	260	135	124	146	128	134	175	177	415	186	269	356	437
Total Liabilities	1,573	1,153	1,145	515	514	525	556	576	841	825	900	1,134	2,398
	966	947	948	311	310	314	320	321	181	257	140	115	115
CWIP	36	13	13	13	14	13	13	12	1	1	2	3	4
Investments	27	26	26	38	35	36	36	37	80	38	40	40	1
	544	166	159	152	155	162	188	205	580	529	718	975	2,278
Total Assets	1,573	1,153	1,145	515	514	525	556	576	841	825	900	1,134	2,398

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	47	-4	18	3	-5	15	7	31	8	-75	1	-28
	148	-14	9	1	2	8	10	5	12	97	46	50
	-192	-4	-19	-13	-0	-24	-14	-34	-22	-19	-49	-22
Net Cash Flow	3	-23	7	-9	-3	-1	2	2	-1	4	-2	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	61	116	86	96	69	77	66	72	53	49	458	51
Inventory Days	149	747	949	178	231	200	186	242	275	152	2,109	26
Days Payable	86	315	326	213	187	209	212	311	270	156	1,734	618
Cash Conversion Cycle	124	549	710	61	113	68	40	3	59	45	834	-542
Working Capital Days	35	160	178	82	85	46	58	16	490	729	9,303	18,542
ROCE %	8%	3%	2%	3%	7%	6%	1%	15%	14%	13%	8%	9%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	73.83%	73.83%	73.83%	73.83%	73.83%	72.82%	72.82%	72.82%	72.82%	72.82%	72.82%	67.82%
	2.91%	3.31%	3.44%	3.44%	0.07%	0.13%	0.11%	0.14%	0.11%	0.37%	0.16%	5.12%
	1.33%	1.26%	1.26%	1.25%	2.69%	2.82%	1.25%	1.25%	1.25%	1.26%	1.27%	1.27%
	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%
	21.64%	21.31%	21.17%	21.16%	23.10%	23.93%	25.51%	25.49%	25.52%	25.26%	25.45%	25.48%
No. of Shareholders	30,237	29,659	29,559	31,405	32,192	32,667	36,169	36,353	35,314	34,947	37,967	37,109

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	69.87%	74.93%	74.93%	74.93%	73.83%	73.83%	73.83%	72.82%	72.82%	67.82%
	0.78%	0.96%	1.62%	2.04%	2.94%	2.86%	3.31%	0.13%	0.37%	5.12%
	6.31%	4.82%	3.40%	1.83%	1.44%	1.35%	1.26%	2.82%	1.26%	1.27%
	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%
	22.73%	18.98%	19.75%	20.90%	21.48%	21.66%	21.31%	23.93%	25.26%	25.48%
No. of Shareholders	49,289	34,873	33,058	31,169	30,118	31,258	29,659	32,667	34,947	37,109

* 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.

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