Gokul Refoils and Solvent Ltd

₹ 42.8 5.41%

06 Dec - close price

About

Gokul Refoils and Solvent Ltd is engaged In the business of seed processing, solvent extraction, refining of edible oils, and industrial oil such as Castor Oil. ^[1]

Key Points

Products
The product portfolio of the co. includes groundnut oil, Mustard Oil, Kachi Ghani Oil, Refined Cottonseed Oil, Refined Soyabean Oil, and Palm Oil and refined sunflower oil and in castor oil, it produces soaps, pharmaceuticals, and perfumes, Castor meal and much more ^[1]

Geographical split
India - 65% in FY21 vs 64% in FY18
Outside India - 35% in FY21 vs 36% in FY18 ^[2]^[3]

Website BSE NSE

Market Cap ₹ 423 Cr.
Current Price ₹ 42.8
High / Low ₹ 46.4 / 25.0
Stock P/E 40.9
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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	0.58	0.38	8.56	0.00	0.00	0.00	11.42	0.00	2.59	2.13	2.72	0.00	83.26
	1.33	0.81	8.63	0.85	0.72	1.25	12.15	0.89	3.36	2.93	3.64	0.90	77.62
Operating Profit	-0.75	-0.43	-0.07	-0.85	-0.72	-1.25	-0.73	-0.89	-0.77	-0.80	-0.92	-0.90	5.64
OPM %	-129.31%	-113.16%	-0.82%				-6.39%		-29.73%	-37.56%	-33.82%		6.77%
	1.60	1.23	1.52	1.52	1.57	1.53	1.26	1.89	1.85	1.40	1.50	1.37	-16.42
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	0.11	0.16	0.17	0.17	0.17	0.16	0.16	0.16	0.16	0.16	0.14	0.13
Profit before tax	0.74	0.69	1.29	0.50	0.68	0.11	0.37	0.84	0.92	0.44	0.42	0.33	-10.91
Tax %	18.92%	15.94%	16.28%	12.00%	16.18%	-18.18%	24.32%	15.48%	17.39%	22.73%	26.19%	27.27%	25.11%
	0.59	0.58	1.09	0.44	0.58	0.13	0.29	0.70	0.76	0.32	0.30	0.24	-8.17
EPS in Rs	0.04	0.06	0.11	0.04	0.06	0.01	0.03	0.07	0.08	0.03	0.03	0.02	-0.83
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	88.11
	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	85.09
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	3.02
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%	3.43%
	66.21	161.89	84.12	52.18	11.30	10.68	19.59	11.53	11.27	6.00	5.89	6.64	-12.15
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	0.59
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	-9.72
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	-7.31
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	-0.75
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:	529%

Compounded Profit Growth
10 Years:	-16%
5 Years:	-40%
3 Years:	-35%
TTM:	450%

Stock Price CAGR
10 Years:	12%
5 Years:	29%
3 Years:	45%
1 Year:	22%

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

5 Recently

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	74.73%	72.09%	72.09%	72.09%	72.09%	72.09%	72.09%	72.09%	72.09%	71.79%	71.79%	71.79%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.17%	0.09%	0.14%	0.20%	0.09%	0.09%
	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	1.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	24.26%	26.90%	26.90%	26.90%	26.90%	26.66%	26.73%	27.81%	27.78%	28.00%	28.11%	28.11%
No. of Shareholders	5,976	6,735	11,990	12,645	18,048	20,947	26,825	33,112	32,495	27,543	26,502	26,003

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	74.47%	74.47%	74.47%	73.41%	72.09%	72.09%	71.79%	71.79%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.20%	0.09%
	0.76%	0.76%	0.76%	0.76%	1.01%	1.01%	0.00%	0.00%
	24.77%	24.77%	24.77%	25.83%	26.90%	26.66%	28.00%	28.11%
No. of Shareholders	4,539	5,107	5,126	4,803	6,735	20,947	27,543	26,003

* 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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Gokul Refoils and Solvent Ltd

Gokul Refoils and Solvent Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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