Gokul Refoils and Solvent Ltd
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]
- Market Cap ₹ 392 Cr.
- Current Price ₹ 39.6
- High / Low ₹ 54.8 / 31.0
- Stock P/E 20.3
- Book Value ₹ 35.5
- Dividend Yield 0.00 %
- ROCE 8.40 %
- ROE 4.12 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.11 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.2% over past five years.
- Company has a low return on equity of 4.08% over last 3 years.
- Earnings include an other income of Rs.28.5 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,349 | 5,865 | 3,413 | 1,854 | 1,987 | 2,197 | 2,159 | 2,464 | 3,053 | 3,137 | 3,019 | 3,510 | 3,925 | |
| 6,294 | 5,763 | 3,360 | 1,821 | 1,970 | 2,163 | 2,121 | 2,424 | 3,013 | 3,081 | 2,973 | 3,474 | 3,883 | |
| Operating Profit | 55 | 102 | 53 | 33 | 17 | 33 | 38 | 40 | 40 | 56 | 46 | 36 | 42 |
| OPM % | 1% | 2% | 2% | 2% | 1% | 2% | 2% | 2% | 1% | 2% | 2% | 1% | 1% |
| 83 | 50 | 20 | 11 | 33 | 23 | 23 | 12 | 21 | 10 | 0 | 28 | 28 | |
| Interest | 90 | 108 | 42 | 32 | 33 | 32 | 29 | 20 | 18 | 27 | 33 | 33 | 34 |
| Depreciation | 37 | 33 | 14 | 4 | 5 | 5 | 6 | 5 | 6 | 8 | 10 | 12 | 11 |
| Profit before tax | 10 | 12 | 17 | 8 | 12 | 19 | 27 | 27 | 37 | 31 | 3 | 20 | 26 |
| Tax % | 65% | 24% | 34% | 68% | 27% | 35% | 26% | 24% | 28% | 23% | 32% | 25% | |
| 4 | 9 | 11 | 2 | 9 | 12 | 20 | 20 | 27 | 24 | 2 | 15 | 19 | |
| EPS in Rs | 0.27 | 0.70 | 0.85 | 0.18 | 0.69 | 0.92 | 1.50 | 2.07 | 2.68 | 2.44 | 0.18 | 1.50 | 1.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 10% |
| 3 Years: | 5% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -7% |
| 3 Years: | -20% |
| TTM: | 90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 7% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 6% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 341 | 352 | 251 | 254 | 247 | 259 | 279 | 258 | 284 | 308 | 310 | 325 | 332 |
| 651 | 597 | 130 | 695 | 309 | 263 | 232 | 283 | 368 | 425 | 282 | 280 | 339 | |
| 1,135 | 1,053 | 652 | 89 | 57 | 58 | 60 | 144 | 169 | 91 | 127 | 143 | 212 | |
| Total Liabilities | 2,154 | 2,029 | 1,059 | 1,065 | 639 | 607 | 597 | 704 | 841 | 844 | 739 | 768 | 903 |
| 331 | 346 | 253 | 231 | 69 | 68 | 73 | 80 | 84 | 109 | 108 | 113 | 109 | |
| CWIP | 7 | 8 | 1 | 3 | 5 | 3 | 2 | 2 | 2 | 2 | 7 | 0 | 4 |
| Investments | 123 | 37 | 30 | 68 | 36 | 42 | 39 | 24 | 33 | 74 | 60 | 43 | 76 |
| 1,694 | 1,637 | 775 | 762 | 530 | 494 | 483 | 598 | 721 | 659 | 564 | 612 | 714 | |
| Total Assets | 2,154 | 2,029 | 1,059 | 1,065 | 639 | 607 | 597 | 704 | 841 | 844 | 739 | 768 | 903 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 312 | -260 | 390 | 41 | 111 | 72 | 65 | 6 | -72 | 92 | 56 | 17 | |
| 172 | 187 | 53 | -28 | 280 | -0 | 8 | 9 | -7 | -22 | 17 | -5 | |
| -583 | -89 | -504 | -28 | -417 | -78 | -62 | -16 | 66 | 27 | -123 | -35 | |
| Net Cash Flow | -99 | -162 | -62 | -15 | -27 | -6 | 11 | -0 | -13 | 97 | -51 | -23 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 35 | 24 | 35 | 16 | 17 | 15 | 16 | 20 | 16 | 16 | 17 |
| Inventory Days | 25 | 38 | 31 | 63 | 39 | 25 | 29 | 45 | 43 | 31 | 27 | 24 |
| Days Payable | 67 | 68 | 69 | 10 | 7 | 5 | 4 | 14 | 19 | 8 | 15 | 14 |
| Cash Conversion Cycle | -12 | 5 | -14 | 88 | 48 | 38 | 40 | 46 | 44 | 39 | 28 | 27 |
| Working Capital Days | -30 | -11 | -15 | -30 | 11 | 14 | 18 | 12 | 10 | 1 | 9 | 12 |
| ROCE % | 7% | 12% | 8% | 6% | 9% | 8% | 10% | 9% | 9% | 8% | 8% | 8% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 16h
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Feb - Extract of Newspaper Publications of Financial Results for the Third Quarter and Nine Months ended 31st December 2025.
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Financial Results For Third Quarter And Nine Months Ended December 31, 2025.
13 Feb - Q3 & 9-month results to Dec 31, 2025: consolidated revenue Rs1,07,561.36L; Q3 PAT Rs524.91L; 9M PAT Rs1,262.97L
-
Board Meeting Outcome for Outcome Of The Meeting Of The Board Held On February 13, 2026.
13 Feb - Approved unaudited standalone and consolidated Q3 and nine-month results for period ended Dec 31, 2025; limited review reports.
-
Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated Unaudited Financial Results For The Third Quarter And Nine Months Ended 31St December 2025, Along With Other Such Items Of Business As May Be Deemed Necessary With The Permission Of The Chair.
5 Feb - Board meeting on 13 Feb 2026 to approve Q3 and nine-month unaudited results (31 Dec 2025).
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
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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