GOCL Corporation Ltd

GOCL Corporation Ltd

₹ 455 19.99%
28 Mar - 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.

  • Market Cap 2,254 Cr.
  • Current Price 455
  • High / Low 641 / 289
  • Stock P/E 41.9
  • Book Value 282
  • Dividend Yield 1.10 %
  • ROCE 5.68 %
  • ROE 3.13 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 25.1%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.09% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.249 Cr.
  • Working capital days have increased from 449 days to 661 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
98 116 142 122 106 129 237 194 248 242 197 163 167
100 103 133 128 108 124 248 215 234 245 202 155 176
Operating Profit -2 13 9 -7 -3 5 -11 -21 14 -3 -4 8 -9
OPM % -2% 11% 6% -5% -2% 4% -5% -11% 6% -1% -2% 5% -5%
35 34 34 24 32 162 241 115 63 61 65 55 68
Interest 13 12 12 12 16 17 21 26 34 39 42 37 37
Depreciation 2 2 2 2 2 2 2 2 3 3 3 3 3
Profit before tax 18 34 28 3 11 148 207 66 40 17 16 23 19
Tax % 11% 18% 16% 39% 36% 3% 39% 38% 21% 17% 25% 32% 20%
16 27 24 2 7 143 125 40 32 14 12 16 15
EPS in Rs 3.15 5.55 4.76 0.43 1.43 28.90 25.23 8.14 6.45 2.78 2.45 3.17 3.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,186 1,202 1,233 390 484 499 483 532 499 416 498 921 769
1,118 1,116 1,160 360 458 469 455 500 483 406 494 942 777
Operating Profit 68 86 73 30 26 30 27 32 15 9 4 -21 -8
OPM % 6% 7% 6% 8% 5% 6% 6% 6% 3% 2% 1% -2% -1%
46 63 139 90 82 86 72 69 60 141 252 479 249
Interest 34 63 101 63 64 62 46 41 16 53 57 119 154
Depreciation 18 18 18 5 5 6 6 6 7 8 9 10 12
Profit before tax 62 68 93 52 39 47 48 54 53 90 191 329 75
Tax % 20% 30% 24% 21% 30% 31% 29% 25% 6% 13% 8% 36%
50 48 70 42 27 33 34 41 50 79 176 211 57
EPS in Rs 4.87 5.07 6.83 8.39 5.43 6.59 6.88 8.18 10.01 15.88 35.52 42.59 11.51
Dividend Payout % 45% 43% 37% 24% 28% 24% 23% 24% 40% 38% 14% 23%
Compounded Sales Growth
10 Years: -3%
5 Years: 14%
3 Years: 23%
TTM: -5%
Compounded Profit Growth
10 Years: -1%
5 Years: 5%
3 Years: -7%
TTM: -76%
Stock Price CAGR
10 Years: 17%
5 Years: 8%
3 Years: 27%
1 Year: 58%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 5%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 20 20 20 10 10 10 10 10 10 10 10 10 10
Reserves 1,046 1,070 1,107 997 1,017 507 811 933 900 1,155 1,142 1,400 1,386
380 2,051 1,447 1,339 1,248 1,024 802 538 1,193 1,114 1,595 1,767 1,508
336 342 323 184 193 190 182 202 179 171 491 321 334
Total Liabilities 1,781 3,484 2,897 2,530 2,467 1,731 1,805 1,683 2,281 2,451 3,238 3,498 3,238
1,051 1,046 1,030 971 972 338 351 361 369 374 303 313 310
CWIP 17 16 37 13 15 17 19 16 19 15 3 1 4
Investments 1 2 2 1 1 161 440 541 469 578 45 49 49
711 2,420 1,828 1,545 1,479 1,215 995 764 1,425 1,485 2,886 3,135 2,875
Total Assets 1,781 3,484 2,897 2,530 2,467 1,731 1,805 1,683 2,281 2,451 3,238 3,498 3,238

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-26 104 51 -20 40 27 11 38 -13 7 -62 -77
-36 -1,673 692 -8 139 242 268 288 -606 102 -322 173
94 1,521 -751 -4 -169 -275 -279 -323 625 -105 387 -90
Net Cash Flow 32 -48 -8 -32 10 -6 1 4 7 4 4 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53 54 57 84 57 63 75 62 57 44 48 35
Inventory Days 122 115 112 166 136 78 70 71 71 83 185 102
Days Payable 67 65 76 104 96 48 71 71 64 62 130 91
Cash Conversion Cycle 108 104 92 146 97 92 74 62 63 65 104 47
Working Capital Days 75 70 68 -30 -36 56 60 169 82 174 511 661
ROCE % 6% 6% 6% 4% 4% 5% 6% 6% 4% 7% 5% 6%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83%
2.94% 2.85% 2.85% 2.86% 2.86% 2.86% 2.86% 2.91% 3.31% 3.44% 3.44% 0.07%
1.44% 1.45% 1.36% 1.34% 1.35% 1.34% 1.34% 1.33% 1.26% 1.26% 1.25% 2.69%
0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%
21.48% 21.57% 21.65% 21.66% 21.66% 21.66% 21.66% 21.64% 21.31% 21.17% 21.16% 23.10%
No. of Shareholders 30,11830,57630,40632,23631,25830,96330,79730,23729,65929,55931,40532,192

* 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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Documents

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