Goyal Salt Ltd
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]
- Market Cap ₹ 377 Cr.
- Current Price ₹ 211
- High / Low ₹ 249 / 124
- Stock P/E 39.9
- 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 8.92 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
Half Yearly Results
Figures in Rs. Crores
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% |
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.