Gokul Refoils and Solvent Ltd

₹ 32.2 2.71%
06 Oct 4:01 p.m.
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]

  • Market Cap 320 Cr.
  • Current Price 32.2
  • High / Low 50.0 / 26.1
  • Stock P/E 188
  • Book Value 21.6
  • Dividend Yield 0.00 %
  • ROCE 0.78 %
  • ROE 0.67 %
  • Face Value 2.00

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.68% over last 3 years.
  • Contingent liabilities of Rs.139 Cr.
  • Earnings include an other income of Rs.6.25 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
0.04 4.25 0.32 12.96 0.50 0.58 0.38 8.56 -0.00 -0.00 -0.00 11.42 -0.00
0.81 5.32 1.18 8.23 1.20 1.33 0.81 8.63 0.85 0.72 1.25 12.15 0.89
Operating Profit -0.77 -1.07 -0.86 4.73 -0.70 -0.75 -0.43 -0.07 -0.85 -0.72 -1.25 -0.73 -0.89
OPM % -1,925.00% -25.18% -268.75% 36.50% -140.00% -129.31% -113.16% -0.82% -6.39%
1.73 1.88 4.33 3.33 1.66 1.60 1.23 1.52 1.52 1.57 1.53 1.26 1.89
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 0.04 0.04 0.04 0.11 0.11 0.11 0.11 0.16 0.17 0.17 0.17 0.16 0.16
Profit before tax 0.92 0.77 3.43 7.95 0.85 0.74 0.69 1.29 0.50 0.68 0.11 0.37 0.84
Tax % 28.26% 345.45% 14.58% 28.18% 18.82% 18.92% 15.94% 16.28% 12.00% 16.18% -18.18% 24.32% 15.48%
Net Profit 0.67 -1.90 2.93 5.71 0.70 0.59 0.58 1.09 0.44 0.58 0.13 0.29 0.70
EPS in Rs 0.05 -0.14 0.22 0.43 0.05 0.04 0.06 0.11 0.04 0.06 0.01 0.03 0.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
4,393.89 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 11.42
4,208.67 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 15.01
Operating Profit 185.22 -24.13 76.88 53.39 103.38 19.18 -9.23 -19.50 -6.56 2.04 -1.93 -3.56 -3.59
OPM % 4.22% -0.38% 1.35% 0.85% 1.76% 1.17% -3.98% -10.47% -87.70% 12.52% -19.30% -31.26% -31.44%
10.79 66.21 161.89 84.12 52.18 11.30 10.68 19.59 11.53 11.27 6.00 5.89 6.25
Interest 75.83 149.63 192.92 90.25 107.60 13.31 3.76 2.92 0.64 0.01 -0.00 -0.00 0.00
Depreciation 30.19 32.90 36.55 37.43 32.62 8.67 0.12 0.16 0.18 0.23 0.49 0.66 0.66
Profit before tax 89.99 -140.45 9.30 9.83 15.34 8.50 -2.43 -2.99 4.15 13.07 3.58 1.67 2.00
Tax % 31.13% 23.75% -39.03% 68.57% 19.04% 32.94% -34.57% 42.47% 34.22% 43.23% 17.32% 14.37%
Net Profit 61.98 -107.09 12.93 3.09 12.43 5.70 -3.27 -1.72 2.73 7.42 2.96 1.43 1.70
EPS in Rs 4.70 -8.12 0.98 0.23 0.94 0.43 -0.25 -0.13 0.21 0.56 0.30 0.14 0.17
Dividend Payout % 6.81% -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: -47%
5 Years: -45%
3 Years: 15%
TTM: 20%
Compounded Profit Growth
10 Years: 7%
5 Years: 20%
3 Years: 108%
TTM: -37%
Stock Price CAGR
10 Years: -2%
5 Years: 10%
3 Years: 33%
1 Year: 15%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
26.38 26.38 26.38 26.38 26.38 26.38 26.38 26.38 26.38 26.38 19.80 19.80
Reserves 411.47 304.38 317.30 320.39 332.82 242.14 238.76 221.22 223.91 231.35 192.68 194.13
578.49 1,747.98 1,152.51 651.41 597.48 20.99 324.70 -0.00 -0.00 -0.00 -0.00 -0.00
509.02 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
Total Liabilities 1,525.36 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
335.10 335.74 337.83 331.06 345.45 174.14 161.83 1.08 0.90 7.52 13.35 12.65
CWIP 12.28 27.82 12.60 6.96 7.66 0.05 0.47 0.47 0.56 2.23 0.56 -0.00
Investments 50.37 222.99 196.03 133.41 47.26 111.53 151.16 117.43 123.21 121.03 105.54 114.97
1,127.61 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
Total Assets 1,525.36 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

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
48.37 -900.02 932.38 319.92 -118.32 424.03 23.54 45.87 -1.01 10.26 25.32 6.03
-63.74 -206.93 97.88 135.73 47.65 73.13 -33.12 273.54 -1.99 -1.88 14.44 -6.02
20.66 1,113.76 -678.36 -555.72 -90.52 -583.85 2.69 -333.28 -0.00 -0.00 -48.15 -0.00
Net Cash Flow 5.29 6.81 351.90 -100.07 -161.19 -86.69 -6.89 -13.87 -3.01 8.39 -8.40 0.02

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 31.00 24.16 17.25 24.35 28.58 12.66 47.26 12.34 1.46 162.00 37.96 6.73
Inventory Days 43.89 35.95 34.13 25.04 37.75 23.17 228.51 -0.00 -0.00 -0.00 -0.00 -0.00
Days Payable 41.52 81.92 68.91 67.03 67.61 76.04 92.96
Cash Conversion Cycle 33.36 -21.80 -17.53 -17.65 -1.28 -40.21 182.81 12.34 1.46 162.00 37.96 6.73
Working Capital Days 42.95 -6.23 2.35 2.00 21.38 -21.74 305.56 151.24 4,257.52 1,844.27 2,007.14 1,095.64
ROCE % 19.19% 0.48% 11.28% 7.23% 12.31% 3.37% 0.44% 6.64% 0.20% 5.15% 1.52% 0.78%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
74.47 73.41 73.41 73.41 73.41 54.00 74.73 72.09 72.09 72.09 72.09 72.09
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24
0.76 0.76 0.76 0.76 0.76 0.76 1.01 1.01 1.01 1.01 1.01 1.01
24.77 25.83 25.83 25.83 25.83 45.24 24.26 26.90 26.90 26.90 26.90 26.66

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