GOCL Corporation Ltd

₹ 326 2.74%

04 Nov - 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

Operational Overview:^[1]
GOCL stopped its detonator /blasting-device manufacturing at Kukatpally and sold IDL Explosives Limited to Apollo Defence Industries for ₹107 crore, Nov'25. IDL’s FY24 turnover was ₹623 crore, 87% of GOCL’s then consolidated turnover. Energetics is a discontinued operation.^[2]

Website BSE NSE

Market Cap ₹ 1,618 Cr.
Current Price ₹ 326
High / Low ₹ 461 / 223
Stock P/E 8.84
Book Value ₹ 422
Dividend Yield 9.19 %
ROCE 9.68 %
ROE 91.4 %
Face Value ₹ 2.00

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Pros

Company is almost debt free.
Stock is trading at 0.77 times its book value
Stock is providing a good dividend yield of 9.19%.
Company has delivered good profit growth of 94.2% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 53.3%
Company has been maintaining a healthy dividend payout of 29.4%
Debtor days have improved from 182 to 37.4 days.

Cons

The company has delivered a poor sales growth of -36.9% over past five years.
Earnings include an other income of Rs.388 Cr.
Promoter holding has decreased over last 3 years: -6.01%
Working capital days have increased from 34,600 days to 75,954 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 Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	31	21	3	4	3	5	3	3	2	2	2	4	4
YoY Sales growth	-21%	-52%	-93%	-89%	-89%	-78%	-12%	-12%	-35%	-60%	-22%	+27%	+85%
	28	27	10	18	7	12	7	9	7	11	10	9	18
Operating Profit	3	-5	-6	-14	-4	-7	-4	-5	-5	-9	-7	-5	-14
OPM %	10%	-26%	-188%	-361%	-102%	-155%	-149%	-157%	-236%	-518%	-316%	-121%	-340%
	20	18	16	82	13	104	31	1,221	41	172	105	49	61
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2	2	1	1	1	1	0	1	1	1	1	1	1
Profit before tax	21	11	9	67	8	97	26	1,215	35	162	97	43	47
Tax %	26%	22%	26%	39%	70%	-7%	25%	1%	28%	15%	22%	25%	28%
	16	8	6	41	2	104	20	1,207	26	137	76	32	34
EPS in Rs	3.19	1.69	1.29	8.23	0.50	20.91	3.99	243.48	5.19	27.62	15.37	6.48	6.77
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	109	102	100	88	99	96	98	121	175	17	15	10	13
Sales growth	-88%	-7%	-2%	-12%	+12%	-2%	+1%	+24%	+44%	-90%	-13%	-34%	-5%
	98	97	107	93	106	102	102	122	169	32	44	37	48
Operating Profit	11	5	-6	-5	-7	-6	-4	-1	6	-15	-29	-27	-36
OPM %	10%	5%	-6%	-6%	-8%	-6%	-4.5%	-0.5%	3.6%	-88%	-194%	-280%	-286%
	34	23	37	37	40	14	65	64	356	73	230	1,540	388
Interest	2	1	1	1	2	2	2	1	1	1	1	0	0
Depreciation	1	2	2	2	2	3	3	4	5	3	2	2	3
Profit before tax	42	26	28	29	29	3	56	58	356	55	198	1,510	349
Tax %	27%	32%	24%	20%	3%	25%	12%	18%	35%	25%	16%	4%
	31	18	21	23	28	2	49	48	233	41	167	1,446	279
EPS in Rs	6.19	3.55	4.25	4.62	5.62	0.47	9.89	9.62	46.97	8.32	33.64	291.66	56.24
Dividend Payout %	32%	42%	38%	35%	36%	854%	61%	52%	21%	48%	30%	10%

Compounded Sales Growth
10 Years:	-21%
5 Years:	-37%
3 Years:	-62%
TTM:	-5%

Compounded Profit Growth
10 Years:	59%
5 Years:	94%
3 Years:	214%
TTM:	79%

Stock Price CAGR
10 Years:	0%
5 Years:	-2%
3 Years:	-18%
1 Year:	-7%

Return on Equity
10 Years:	28%
5 Years:	42%
3 Years:	53%
Last Year:	91%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	998	1,007	359	366	376	366	385	413	629	621	768	2,164	2,081
	10	4	0	10	5	5	3	3	0	1	0	0	0
	135	124	146	128	134	175	177	415	186	269	356	411	679
Total Liabilities	1,153	1,145	515	514	525	556	576	841	825	900	1,134	2,584	2,770
	947	948	311	310	314	320	321	181	257	140	115	88	88
CWIP	13	13	13	14	13	13	12	1	1	2	3	1	0
Investments	26	26	38	35	36	36	37	80	38	40	40	1	1
	166	159	152	155	162	188	205	580	529	718	975	2,495	2,680
Total Assets	1,153	1,145	515	514	525	556	576	841	825	900	1,134	2,584	2,770

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-4	18	3	-5	15	7	31	8	-75	1	-28	-28
	-14	9	1	2	8	10	5	12	97	46	50	74
	-4	-19	-13	-0	-24	-14	-34	-22	-19	-49	-22	-50
Net Cash Flow	-23	7	-9	-3	-1	2	2	-1	4	-2	0	-5
Free Cash Flow	-12	18	4	-9	9	-0	26	226	136	-1	223	1,287
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-2%	464%	-121%	-20%	-309%	-147%	-904%	-3,567%	645%	-126%	-46%	-13%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	116	86	96	69	77	66	72	53	49	458	51	37
Inventory Days	747	949	178	231	200	186	242	275	152	2,109	26	260
Days Payable	315	326	213	187	209	212	311	270	156	1,734	618	8,160
Cash Conversion Cycle	549	710	61	113	68	40	3	59	45	834	-542	-7,863
Working Capital Days	160	178	82	85	46	58	16	490	729	9,303	18,542	75,954
ROCE %	3%	2%	3%	7%	6%	1%	15%	14%	13%	8%	9%	10%

Insights

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Real Estate Leasable Area
Lakh sq ft

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Real Estate Land Bank
Acres

Real Estate Land Sold (Cumulative)
Acres

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	73.83%	72.82%	72.82%	72.82%	72.82%	72.82%	72.82%	67.82%	67.82%	67.82%	67.82%	67.82%
	0.07%	0.13%	0.11%	0.14%	0.11%	0.37%	0.16%	5.12%	5.12%	5.08%	5.34%	5.11%
	2.69%	2.82%	1.25%	1.25%	1.25%	1.26%	1.27%	1.27%	1.25%	1.26%	1.34%	1.44%
	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%
	23.10%	23.93%	25.51%	25.49%	25.52%	25.26%	25.45%	25.48%	25.51%	25.55%	25.19%	25.33%
No. of Shareholders	32,192	32,667	36,169	36,353	35,314	34,947	37,967	37,109	36,951	38,139	35,590	39,312

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	69.87%	74.93%	74.93%	74.93%	73.83%	73.83%	73.83%	72.82%	72.82%	67.82%	67.82%
	0.78%	0.96%	1.62%	2.04%	2.94%	2.86%	3.31%	0.13%	0.37%	5.08%	5.11%
	6.31%	4.82%	3.40%	1.83%	1.44%	1.35%	1.26%	2.82%	1.26%	1.26%	1.44%
	0.30%	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%	25.55%	25.33%
No. of Shareholders	49,289	34,873	33,058	31,169	30,118	31,258	29,659	32,667	34,947	38,139	39,312

* 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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