Gokul Refoils and Solvent Ltd

Gokul Refoils and Solvent Ltd

₹ 42.4 2.00%
18 Jun - close price
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

  • Market Cap 420 Cr.
  • Current Price 42.4
  • High / Low 64.9 / 28.6
  • Stock P/E 24.4
  • Book Value 33.3
  • Dividend Yield 0.00 %
  • ROCE 7.68 %
  • ROE 5.23 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

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 6.57% over past five years.
  • Company has a low return on equity of 7.26% over last 3 years.
  • Contingent liabilities of Rs.223 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
652.68 727.82 691.79 777.37 856.05 948.30 779.41 545.61 863.25 588.02 927.43 807.13 697.41
639.39 721.86 678.50 766.76 846.44 934.14 765.35 535.55 845.72 576.76 909.51 794.37 693.16
Operating Profit 13.29 5.96 13.29 10.61 9.61 14.16 14.06 10.06 17.53 11.26 17.92 12.76 4.25
OPM % 2.04% 0.82% 1.92% 1.36% 1.12% 1.49% 1.80% 1.84% 2.03% 1.91% 1.93% 1.58% 0.61%
2.04 8.39 1.93 2.92 8.24 5.09 2.47 2.74 0.03 2.99 -15.54 2.70 9.99
Interest 4.90 5.07 4.37 3.62 4.91 7.18 6.28 6.06 7.55 8.44 6.11 9.56 9.18
Depreciation 1.35 1.41 1.56 1.66 1.62 1.63 1.78 2.03 2.26 2.42 2.59 2.61 2.75
Profit before tax 9.08 7.87 9.29 8.25 11.32 10.44 8.47 4.71 7.75 3.39 -6.32 3.29 2.31
Tax % 23.90% 25.67% 21.96% 26.67% 34.98% 33.33% 7.91% 27.81% 23.10% 25.37% 25.79% 38.60% 15.58%
6.90 5.85 7.26 6.05 7.36 6.97 7.80 3.40 5.97 2.53 -4.70 2.02 1.96
EPS in Rs 0.70 0.59 0.73 0.61 0.74 0.70 0.79 0.34 0.60 0.26 -0.47 0.20 0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,711 6,349 5,865 3,413 1,854 1,987 2,197 2,159 2,464 3,053 3,137 3,020
5,636 6,294 5,763 3,360 1,821 1,970 2,163 2,121 2,424 3,013 3,081 2,974
Operating Profit 75 55 102 53 33 17 33 38 40 40 56 46
OPM % 1% 1% 2% 2% 2% 1% 2% 2% 2% 1% 2% 2%
162 83 50 20 11 33 23 23 12 21 10 0
Interest 194 90 108 42 32 33 32 29 20 18 27 33
Depreciation 37 37 33 14 4 5 5 6 5 6 8 10
Profit before tax 6 10 12 17 8 12 19 27 27 37 31 3
Tax % -58% 65% 24% 34% 68% 27% 35% 26% 24% 28% 23% 32%
10 4 9 11 2 9 12 20 20 27 24 2
EPS in Rs 0.75 0.27 0.70 0.85 0.18 0.69 0.92 1.50 2.07 2.68 2.44 0.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -7%
5 Years: 7%
3 Years: 7%
TTM: -4%
Compounded Profit Growth
10 Years: 28%
5 Years: 14%
3 Years: -6%
TTM: -28%
Stock Price CAGR
10 Years: 10%
5 Years: 23%
3 Years: 10%
1 Year: 36%
Return on Equity
10 Years: 5%
5 Years: 7%
3 Years: 7%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 26 26 26 26 26 26 26 26 20 20 20 20
Reserves 335 341 352 251 254 247 259 279 258 284 308 310
1,153 651 597 130 695 309 263 232 283 368 425 331
1,048 1,135 1,053 652 89 57 58 60 144 169 91 78
Total Liabilities 2,562 2,154 2,029 1,059 1,065 639 607 597 704 841 844 739
338 331 346 253 231 69 68 73 80 84 109 108
CWIP 13 7 8 1 3 5 3 2 2 2 2 7
Investments 185 123 37 30 68 36 42 39 24 33 74 60
2,026 1,694 1,637 775 762 530 494 483 598 721 659 565
Total Assets 2,562 2,154 2,029 1,059 1,065 639 607 597 704 841 844 739

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
908 312 -260 390 41 111 72 65 6 -72 92 56
120 172 187 53 -28 280 -0 8 9 -7 -22 17
-676 -583 -89 -504 -28 -417 -78 -62 -16 66 27 -123
Net Cash Flow 352 -99 -162 -62 -15 -27 -6 11 -0 -13 97 -51

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22 30 35 24 35 16 17 15 16 20 16 16
Inventory Days 34 25 38 31 63 39 25 29 45 43 31 27
Days Payable 69 67 68 69 10 7 5 4 14 19 8 8
Cash Conversion Cycle -12 -12 5 -14 88 48 38 40 46 44 39 35
Working Capital Days 4 3 23 -4 102 68 58 57 54 54 48 51
ROCE % 11% 7% 12% 8% 6% 9% 8% 10% 9% 9% 8%

Shareholding Pattern

Numbers in percentages

7 Recently
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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