Goyal Salt Ltd
₹ 110
-4.35%
12 Mar
- close price
About
Incorporated in 2010, Goyal Salt Ltd is a manufacturer and dealer in all varieties of Sodium Chloride[1]
Key Points
- Market Cap ₹ 197 Cr.
- Current Price ₹ 110
- High / Low ₹ 204 / 109
- Stock P/E 19.1
- Book Value ₹ 34.6
- Dividend Yield 0.00 %
- ROCE 16.9 %
- ROE 15.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 98.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 71 | 60 | 66 | 117 | 118 | 130 | 150 | |
| 69 | 57 | 63 | 110 | 110 | 118 | 132 | |
| Operating Profit | 3 | 3 | 3 | 7 | 7 | 12 | 18 |
| OPM % | 4% | 5% | 5% | 6% | 6% | 9% | 12% |
| 0 | 0 | 0 | 0 | 6 | 7 | 1 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 3 |
| Profit before tax | 0 | 1 | 1 | 5 | 12 | 17 | 14 |
| Tax % | 26% | 27% | 43% | 27% | 22% | 23% | |
| 0 | 1 | 1 | 4 | 9 | 13 | 10 | |
| EPS in Rs | 1.25 | 3.41 | 3.16 | 3.27 | 5.28 | 7.40 | 5.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 26% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 98% |
| 3 Years: | 132% |
| TTM: | -37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 11 | 18 | 18 | 18 |
| Reserves | 9 | 9 | 10 | 5 | 24 | 38 | 44 |
| 7 | 13 | 11 | 9 | 6 | 21 | 47 | |
| 1 | 3 | 5 | 4 | 3 | 4 | 45 | |
| Total Liabilities | 20 | 27 | 27 | 29 | 51 | 81 | 154 |
| 5 | 5 | 6 | 6 | 10 | 12 | 46 | |
| CWIP | 0 | 0 | 0 | 0 | 4 | 29 | 0 |
| Investments | 0 | 0 | 0 | 0 | 8 | 6 | 6 |
| 15 | 22 | 22 | 23 | 29 | 34 | 102 | |
| Total Assets | 20 | 27 | 27 | 29 | 51 | 81 | 154 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -4 | 5 | -2 | 5 | 12 | ||
| -1 | -1 | -2 | -17 | -27 | ||
| 5 | -3 | 4 | 12 | 15 | ||
| Net Cash Flow | -0 | -0 | 0 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 43 | 84 | 79 | 48 | 58 | 43 |
| Inventory Days | 33 | 55 | 49 | 20 | 21 | 58 |
| Days Payable | 7 | 31 | 41 | 12 | 9 | 11 |
| Cash Conversion Cycle | 69 | 108 | 87 | 57 | 70 | 89 |
| Working Capital Days | 43 | 38 | 38 | 27 | 55 | 54 |
| ROCE % | 9% | 9% | 25% | 18% | 17% |
Insights
In beta| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Daily Production Capacity Metric Tonnes Per Day |
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| Installed Production Capacity (Metric Tonnes Per Annum) MTPA |
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| PDS Supply Volume - Jharkhand MT |
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| Employee Count (Permanent) Number |
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| Raw Material Self-Sufficiency (Internal Sourcing) % |
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| Gross Current Assets (GCA) Days |
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| PDS Supply Volume - Madhya Pradesh MT |
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| PDS Supply Volume - Uttar Pradesh MT |
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| Retail Outlet Reach Number of Outlets |
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Documents
Announcements
-
Incorporation
12 March 2026 - Goyal Salt incorporated 100%-owned Goyal Exim Private Limited on March 12, 2026; subscribed 100,000 equity shares (Rs10).
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Incorporation
7 March 2026 - Goyal Salt to incorporate wholly-owned Goyal Exim Private Limited with Rs.10 lakh paid-up capital (100% ownership).
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Outcome of Board Meeting
7 March 2026 - Board approved incorporation of Goyal Exim Private Limited as 100% subsidiary; Rs10 lakh paid-up capital, Mar 7, 2026.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
19 January 2026 - Goyal Salt: Corporate Governance report not applicable for quarter ended 31-Dec-2025; listed on NSE SME Emerge and exempt.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 January 2026 - RTA certifies Reg.74(5) not applicable; all shares dematerialised; no remat requests (quarter ended 31 Dec 2025).
Business Overview:[1]
GSL refines raw salt extracted from sub-soil brine in Rajasthan, producing premium industrial and edible salts for B2B and wholesale markets. Its product range includes triple refined free-flow iodized salt, industrial salt, double fortified salt, and triple refined half-dry salt, using an integrated processing method.