Gokul Refoils and Solvent Ltd

Gokul Refoils Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gokul Refoils and Solvent Ltd

₹ 42.2 4.46%
23 Apr - close price
gokulgroup.com BSE: 532980 NSE - BE : GOKUL
About

Incorporated in 1992, Gokul Refoils and Solvent Ltd is in the business of trading in oil seeds and edible/non-edible oils and agro commodities and supply of services[1]

Key Points

Business Overview:[1][2]
GRSL is a part of the Gokul Group which is among the top 3 manufacturers and exporters of castor derivatives in India. It manufactures Edible Oils and Industrial Oil and is engaged in the business of seed processing, solvent extraction, refining of edible oils and industrial oil such as Castor Oil
Company conducts its business through Gokul Agri International Limited which is a wholly-owned subsidiary of the company. It has its production facility at Sidhpur, Gujarat. Sidhpur Plant processes various types of oils including Kachi Ghani oil, Mustard oil, Groundnut oil, Refined Cottonseed oil, Soyaben Refined oil, Palmolein and Castor oil. It is also trading in agro commodities including spices in domestic and international market

Website BSE NSE - BE
  • Market Cap ₹ 415 Cr.
  • Current Price ₹ 42.2
  • High / Low ₹ 64.9 / 27.8
  • Stock P/E 41.9
  • Book Value ₹ 21.0
  • Dividend Yield 0.00 %
  • ROCE 1.21 %
  • ROE 0.97 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Debtor days have improved from 20.1 to 15.7 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -47.5% over past five years.
  • Company has a low return on equity of 0.97% over last 3 years.
  • Contingent liabilities of Rs.137 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
0.38 8.56 0.00 0.00 0.00 11.42 0.00 2.59 2.13 2.72 0.00 83.26 0.00
0.81 8.63 0.85 0.72 1.25 12.15 0.89 3.36 2.93 3.64 0.90 77.62 1.00
Operating Profit -0.43 -0.07 -0.85 -0.72 -1.25 -0.73 -0.89 -0.77 -0.80 -0.92 -0.90 5.64 -1.00
OPM % -113.16% -0.82% -6.39% -29.73% -37.56% -33.82% 6.77%
1.23 1.52 1.52 1.57 1.53 1.26 1.89 1.85 1.40 1.50 1.37 -16.42 0.99
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.11 0.16 0.17 0.17 0.17 0.16 0.16 0.16 0.16 0.16 0.14 0.13 0.13
Profit before tax 0.69 1.29 0.50 0.68 0.11 0.37 0.84 0.92 0.44 0.42 0.33 -10.91 -0.14
Tax % 15.94% 16.28% 12.00% 16.18% -18.18% 24.32% 15.48% 17.39% 22.73% 26.19% 27.27% 25.11% 21.43%
0.58 1.09 0.44 0.58 0.13 0.29 0.70 0.76 0.32 0.30 0.24 -8.17 -0.12
EPS in Rs 0.06 0.11 0.04 0.06 0.01 0.03 0.07 0.08 0.03 0.03 0.02 -0.83 -0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
6,314.84 5,691.65 6,311.21 5,860.51 1,639.96 231.75 186.27 7.48 16.29 10.00 11.39 7.42 85.98
6,338.97 5,614.77 6,257.82 5,757.13 1,620.78 240.98 205.77 14.04 14.25 11.93 14.95 10.81 83.16
Operating Profit -24.13 76.88 53.39 103.38 19.18 -9.23 -19.50 -6.56 2.04 -1.93 -3.56 -3.39 2.82
OPM % -0.38% 1.35% 0.85% 1.76% 1.17% -3.98% -10.47% -87.70% 12.52% -19.30% -31.26% -45.69% 3.28%
66.21 161.89 84.12 52.18 11.30 10.68 19.59 11.53 11.27 6.00 5.89 6.64 -12.56
Interest 149.63 192.92 90.25 107.60 13.31 3.76 2.92 0.64 0.01 0.00 0.00 0.00 0.00
Depreciation 32.90 36.55 37.43 32.62 8.67 0.12 0.16 0.18 0.23 0.49 0.66 0.65 0.56
Profit before tax -140.45 9.30 9.83 15.34 8.50 -2.43 -2.99 4.15 13.07 3.58 1.67 2.60 -10.30
Tax % 23.75% -39.03% 68.57% 19.04% 32.94% -34.57% 42.47% 34.22% 43.23% 17.32% 14.37% 19.62%
-107.09 12.93 3.09 12.43 5.70 -3.27 -1.72 2.73 7.42 2.96 1.43 2.08 -7.75
EPS in Rs -8.12 0.98 0.23 0.94 0.43 -0.25 -0.13 0.21 0.56 0.30 0.14 0.21 -0.79
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: -49%
5 Years: -48%
3 Years: -23%
TTM: 433%
Compounded Profit Growth
10 Years: -16%
5 Years: -40%
3 Years: -35%
TTM: 378%
Stock Price CAGR
10 Years: 13%
5 Years: 40%
3 Years: 32%
1 Year: 46%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 26.38 26.38 26.38 26.38 26.38 26.38 26.38 26.38 26.38 19.80 19.80 19.80 19.80
Reserves 304.38 317.30 320.39 332.82 242.14 238.76 221.22 223.91 231.35 192.68 194.13 196.19 188.25
1,747.98 1,152.51 651.41 597.48 20.99 324.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1,385.89 1,049.35 1,133.08 1,049.12 355.91 83.03 28.42 16.52 11.36 10.58 10.23 10.66 63.11
Total Liabilities 3,464.63 2,545.54 2,131.26 2,005.80 645.42 672.87 276.02 266.81 269.09 223.06 224.16 226.65 271.16
335.74 337.83 331.06 345.45 174.14 161.83 1.08 0.90 7.52 13.35 12.65 12.00 11.73
CWIP 27.82 12.60 6.96 7.66 0.05 0.47 0.47 0.56 2.23 0.56 0.00 0.00 0.00
Investments 222.99 196.03 133.41 47.26 111.53 151.16 117.43 123.21 121.03 105.54 114.97 116.02 98.12
2,878.08 1,999.08 1,659.83 1,605.43 359.70 359.41 157.04 142.14 138.31 103.61 96.54 98.63 161.31
Total Assets 3,464.63 2,545.54 2,131.26 2,005.80 645.42 672.87 276.02 266.81 269.09 223.06 224.16 226.65 271.16

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-900.02 932.38 319.92 -118.32 424.03 23.54 45.87 -1.01 10.26 25.32 6.03 -2.28
-206.93 97.88 135.73 47.65 73.13 -33.12 273.54 -1.99 -1.88 14.44 -6.02 2.25
1,113.76 -678.36 -555.72 -90.52 -583.85 2.69 -333.28 0.00 0.00 -48.15 0.00 0.00
Net Cash Flow 6.81 351.90 -100.07 -161.19 -86.69 -6.89 -13.87 -3.01 8.39 -8.40 0.02 -0.03

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 24.16 17.25 24.35 28.58 12.66 47.26 12.34 1.46 162.00 37.96 6.73 15.74
Inventory Days 35.95 34.13 25.04 37.75 23.17 228.51 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable 81.92 68.91 67.03 67.61 76.04 92.96
Cash Conversion Cycle -21.80 -17.53 -17.65 -1.28 -40.21 182.81 12.34 1.46 162.00 37.96 6.73 15.74
Working Capital Days -6.23 2.35 2.00 21.38 -21.74 305.56 151.24 4,257.52 1,844.27 2,007.14 1,095.96 1,667.59
ROCE % 0.48% 11.28% 7.23% 12.31% 3.37% 0.44% 6.64% 0.20% 5.15% 1.52% 0.78% 1.21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.09% 72.09% 72.09% 72.09% 72.09% 72.09% 72.09% 71.79% 71.79% 71.79% 73.01% 73.01%
0.00% 0.00% 0.00% 0.24% 0.17% 0.09% 0.14% 0.20% 0.09% 0.09% 0.23% 0.33%
1.01% 1.01% 1.01% 1.01% 1.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26.90% 26.90% 26.90% 26.66% 26.73% 27.81% 27.78% 28.00% 28.11% 28.11% 26.76% 26.66%
No. of Shareholders 11,99012,64518,04820,94726,82533,11232,49527,54326,50226,00326,10027,400

* 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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