Goyal Salt Ltd

Goyal Salt Ltd

₹ 190 -0.96%
28 May - close price
About

Incorporated in 2010, Goyal Salt Limited is engaged in the business of refining raw salts procured from sub-soil brine in the state of Rajasthan for use as industrial salts and edible salts.[1]

Key Points

Business Profile[1] Goyal Salt Limited refines and supplies a pure, refined, and quality range of triple-refined free-flow iodized salt, industrial salt, double-fortified salt, and triple-refined half-dry salt.

  • Market Cap 340 Cr.
  • Current Price 190
  • High / Low 249 / 124
  • Stock P/E 36.0
  • Book Value 23.6
  • Dividend Yield 0.00 %
  • ROCE 50.3 %
  • ROE 58.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.7%

Cons

  • Stock is trading at 8.05 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.6.33 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: FMCG Industry: Food - Processing - Indian

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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Mar 2023 Sep 2023 Mar 2024
64 53 47 71
60 50 43 68
Operating Profit 4 3 4 3
OPM % 6% 5% 9% 5%
0 0 0 6
Interest 1 1 1 0
Depreciation 0 0 0 1
Profit before tax 3 2 3 9
Tax % 25% 31% 26% 20%
2 1 2 7
EPS in Rs 11.98 1.06 1.85 3.93
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
71 60 66 117 118
69 57 63 110 110
Operating Profit 3 3 3 7 7
OPM % 4% 5% 5% 6% 6%
0 0 0 0 6
Interest 2 1 1 1 1
Depreciation 1 1 1 1 1
Profit before tax 0 1 1 5 12
Tax % 26% 27% 43% 27% 22%
0 1 1 4 9
EPS in Rs 1.25 3.41 3.16 3.27 5.28
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 143%
TTM: 167%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 33%
Last Year: 58%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 2 11 18
Reserves 9 9 10 5 24
7 13 11 9 6
1 3 5 5 3
Total Liabilities 20 27 27 30 51
5 5 6 6 10
CWIP 0 0 0 0 4
Investments 0 0 0 0 8
15 22 22 24 29
Total Assets 20 27 27 30 51

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4 5 3 5
-1 -1 -2 -17
5 -3 -1 12
Net Cash Flow -0 -0 0 0

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 84 79 48
Inventory Days 33 55 49 20
Days Payable 7 31 41 12
Cash Conversion Cycle 69 108 87 57
Working Capital Days 59 111 89 56
ROCE % 9% 9% 25%

Shareholding Pattern

Numbers in percentages

Oct 2023Mar 2024
72.61% 72.61%
4.69% 1.02%
5.82% 0.00%
16.86% 26.36%
No. of Shareholders 833675

* 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.

Click on the line-items to see the names of individual entities.

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