Gokul Refoils and Solvent Ltd

About [ edit ]

Gokul Refoils & Solvent is engaged in the business of trading in oil seeds and edible/ non-edible oils and agro commodities.

  • Market Cap 188 Cr.
  • Current Price 19.0
  • High / Low 23.8 / 9.00
  • Stock P/E 8.60
  • Book Value 31.7
  • Dividend Yield 0.00 %
  • ROCE 10.1 %
  • ROE 6.66 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.60 times its book value
  • Company has delivered good profit growth of 24.40% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.64%
  • The company has delivered a poor sales growth of -18.12% over past five years.
  • Company has a low return on equity of 6.29% for last 3 years.
  • Contingent liabilities of Rs.222.38 Cr.

Peer comparison

Sector: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
913.50 570.17 517.18 499.23 611.58 614.10 589.96 475.04 482.12 559.30 633.39 619.29
887.42 560.97 508.97 492.74 602.10 603.95 584.78 467.64 467.07 550.42 624.88 610.05
Operating Profit 26.08 9.20 8.21 6.49 9.48 10.15 5.18 7.40 15.05 8.88 8.51 9.24
OPM % 2.85% 1.61% 1.59% 1.30% 1.55% 1.65% 0.88% 1.56% 3.12% 1.59% 1.34% 1.49%
Other Income 1.98 7.22 5.98 3.88 5.77 4.94 9.84 5.75 2.40 2.95 3.93 3.46
Interest 9.19 7.20 8.94 9.23 7.35 8.88 8.64 5.42 5.64 5.45 4.21 5.49
Depreciation 6.09 1.19 1.31 1.28 1.25 1.33 1.39 1.39 1.44 1.30 1.41 1.29
Profit before tax 12.78 8.03 3.94 -0.14 6.65 4.88 4.99 6.34 10.37 5.08 6.82 5.92
Tax % 28.56% 38.11% 26.90% -600.00% 16.24% 35.25% 38.28% 16.72% 20.25% 22.05% 24.78% 24.49%
Net Profit 9.13 4.97 2.88 -0.98 5.57 3.16 3.09 5.28 8.26 3.96 5.14 4.46
EPS in Rs 0.69 0.38 0.22 -0.07 0.42 0.24 0.23 0.40 0.63 0.30 0.39 0.45

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2,827 2,906 4,835 6,328 5,711 6,349 5,865 3,413 1,854 1,987 2,197 2,159 2,294
2,729 2,787 4,642 6,356 5,636 6,294 5,764 3,360 1,821 1,998 2,163 2,121 2,252
Operating Profit 97 119 193 -28 75 55 101 53 33 -11 33 38 42
OPM % 3% 4% 4% -0% 1% 1% 2% 2% 2% -1% 2% 2% 2%
Other Income 19 7 11 72 162 83 51 20 12 61 23 23 13
Interest 55 43 74 152 194 90 108 42 32 33 32 29 21
Depreciation 18 25 30 33 37 37 33 14 4 5 5 6 5
Profit before tax 44 58 99 -141 6 10 12 17 8 12 19 27 28
Tax % 34% 34% 29% 24% -58% 65% 24% 34% 68% 27% 35% 26%
Net Profit 29 39 70 -108 10 4 9 11 2 9 12 20 22
EPS in Rs 2.19 2.92 5.32 -8.20 0.75 0.27 0.70 0.85 0.18 0.69 0.92 1.50 1.77
Dividend Payout % 14% 10% 6% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-3%
5 Years:-18%
3 Years:5%
TTM:0%
Compounded Profit Growth
10 Years:-7%
5 Years:24%
3 Years:73%
TTM:27%
Stock Price CAGR
10 Years:-13%
5 Years:7%
3 Years:10%
1 Year:96%
Return on Equity
10 Years:1%
5 Years:5%
3 Years:6%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
26 26 26 26 26 26 26 26 26 26 26 26 26
Reserves 331 361 426 323 335 341 352 251 254 247 259 279 288
Borrowings 210 319 535 1,748 1,153 651 597 130 695 309 263 232 271
372 564 595 1,431 1,048 1,135 1,053 652 89 57 58 60 76
Total Liabilities 940 1,270 1,583 3,529 2,562 2,154 2,029 1,059 1,065 639 607 597 661
177 325 335 336 338 331 346 253 231 69 68 73 71
CWIP 97 10 12 28 13 7 8 1 3 5 3 2 4
Investments 13 8 42 212 185 123 37 30 68 36 42 39 21
653 927 1,193 2,953 2,026 1,694 1,637 775 762 530 494 483 565
Total Assets 940 1,270 1,583 3,529 2,562 2,154 2,029 1,059 1,065 639 607 597 661

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
63 -106 44 -912 908 312 -260 390 41 111 72 65
-123 -74 -70 -200 120 172 187 53 -28 280 -0 8
80 109 20 1,117 -676 -583 -89 -504 -28 -417 -78 -62
Net Cash Flow 21 -71 -6 5 352 -99 -162 -62 -15 -27 -6 11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 17% 20% 1% 11% 7% 12% 8% 6% 9% 8% 10%
Debtor Days 18 27 31 24 22 30 35 24 35 16 17 15
Inventory Turnover 6.51 5.99 8.34 10.70 9.39 13.21 11.45 7.63 6.11 7.48 12.21 13.37

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.47 74.47 74.47 74.47 74.47 73.41 73.41 73.41 73.41 54.00 74.73 72.09
0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 1.01 1.01
24.77 24.77 24.77 24.77 24.77 25.83 25.83 25.83 25.83 45.24 24.26 26.90

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