Goyal Salt Ltd
Incorporated in 2010, Goyal Salt Ltd is a manufacturer and dealer in all varieties of Sodium Chloride[1]
- Market Cap ₹ 177 Cr.
- Current Price ₹ 99.0
- High / Low ₹ 200 / 97.0
- Stock P/E 15.6
- Book Value ₹ 37.4
- Dividend Yield 0.00 %
- ROCE 19.7 %
- ROE 18.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 76.7% CAGR over last 5 years
- Company's working capital requirements have reduced from 47.5 days to 33.7 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Other Food Products
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 71 | 60 | 66 | 117 | 118 | 130 | 199 | |
| 69 | 57 | 63 | 110 | 110 | 118 | 175 | |
| Operating Profit | 3 | 3 | 3 | 7 | 7 | 12 | 24 |
| OPM % | 3.9% | 4.7% | 4.5% | 6% | 6% | 9% | 12% |
| 0 | 0 | 0 | 0 | 6 | 7 | 0 | |
| Interest | 2 | 1 | 1 | 1 | 1 | 1 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 6 |
| Profit before tax | 0 | 1 | 1 | 5 | 12 | 17 | 15 |
| Tax % | 26% | 27% | 43% | 27% | 22% | 23% | 26% |
| 0 | 1 | 1 | 4 | 9 | 13 | 11 | |
| EPS in Rs | 0.21 | 0.57 | 0.52 | 2.72 | 5.28 | 7.40 | 6.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 19% |
| TTM: | 53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 77% |
| 3 Years: | 48% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -18% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 11 | 18 | 18 | 18 |
| Reserves | 9 | 9 | 10 | 5 | 24 | 38 | 49 |
| 7 | 13 | 11 | 9 | 6 | 21 | 44 | |
| 1 | 3 | 5 | 4 | 3 | 4 | 9 | |
| Total Liabilities | 20 | 27 | 27 | 29 | 51 | 81 | 121 |
| 5 | 5 | 6 | 6 | 10 | 12 | 48 | |
| CWIP | 0 | 0 | 0 | 0 | 4 | 29 | 7 |
| Investments | 0 | 0 | 0 | 0 | 8 | 6 | 6 |
| 15 | 22 | 22 | 23 | 29 | 34 | 61 | |
| Total Assets | 20 | 27 | 27 | 29 | 51 | 81 | 121 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -4 | 5 | -2 | 5 | 12 | -2 | ||
| -1 | -1 | -2 | -17 | -27 | -18 | ||
| 5 | -3 | 4 | 12 | 15 | 20 | ||
| Net Cash Flow | -0 | -0 | 0 | 0 | 0 | -0 | |
| Free Cash Flow | -6 | 3 | -3 | -5 | -16 | -21 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -156% | 162% | -23% | 103% | 137% | 7% |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 84 | 79 | 48 | 58 | 43 | 49 |
| Inventory Days | 33 | 55 | 49 | 20 | 21 | 58 | 91 |
| Days Payable | 7 | 31 | 41 | 12 | 9 | 11 | 26 |
| Cash Conversion Cycle | 69 | 108 | 87 | 57 | 70 | 89 | 114 |
| Working Capital Days | 43 | 38 | 38 | 27 | 55 | 54 | 34 |
| ROCE % | 9% | 9% | 25% | 18% | 17% | 20% |
Insights
In beta| Mar 2008 | Mar 2010 | Mar 2015 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Daily Production Capacity MT per day |
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| Installed Annual Capacity MT per annum |
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| Number of Manufacturing Units count |
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| Number of Permanent Employees count |
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| Refined Free Flow Iodized Salt Production MT |
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| Refined Half Dry Salt Production MT |
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| Number of Retail Outlets count |
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Extracted by Screener AI
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Corporate governance compliance report not applicable for quarter ended 30 September 2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate for quarter ended 30 September 2026; all shares in demat form, no rematerialisation requests.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate filed for quarter ended 30 September 2026; all shares remain in demat form.
-
Acquisition
- Subscribed to 5,10,000 subsidiary shares for Rs. 51 lakh on 13 October 2026.
-
Acquisition
- Goyal Salt subscribed to 5,10,000 subsidiary shares for Rs 51 lakh on 13 October 2026.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
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.