Share Price and Basic Stock Data

Last Updated: November 21, 2024, 8:30 pm

Market Cap	7.19 Cr.
Current Price	1.53
High / Low	2.65/1.50
Stock P/E	10.6
Book Value	0.75
Dividend Yield	0.00 %
ROCE	22.6 %
ROE	21.5 %
Face Value	1.00
PEG Ratio	0.14

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Goyal Associates Ltd

Competitors of Goyal Associates Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Nalin Lease Finance Ltd	46.8 Cr.	71.3	99.9/33.7	11.7	51.1	0.00 %	17.4 %	13.1 %	10.0
India Cements Capital Ltd	39.1 Cr.	18.0	26.4/11.2	43.9	8.43	0.00 %	3.50 %	8.87 %	10.0
Indergiri Finance Ltd	17.5 Cr.	34.5	110/33.5		8.26	0.00 %	7.67 %	14.0 %	10.0
Fedders Holding Ltd	1,332 Cr.	77.9	130/48.0	16.4	36.2	0.00 %	21.1 %	22.5 %	1.00
Hybrid Financial Services Ltd	37.1 Cr.	12.7	15.8/7.75	10.0	14.3	0.00 %	7.93 %	7.57 %	5.00
Industry Average	20,516.00 Cr	681.15		32.74	584.55	0.18%	20.11%	10.34%	8.69

All Competitor Stocks of Goyal Associates Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	0.94	0.05	0.19	0.34	0.56	0.78	0.09	1.26	0.98	0.93	0.93	0.92	0.81
Expenses	0.69	0.55	0.32	0.18	0.34	0.50	0.06	1.25	0.70	0.67	0.65	0.62	0.57
Operating Profit	0.25	-0.50	-0.13	0.16	0.22	0.28	0.03	0.01	0.28	0.26	0.28	0.30	0.24
OPM %	26.60%	-1,000.00%	-68.42%	47.06%	39.29%	35.90%	33.33%	0.79%	28.57%	27.96%	30.11%	32.61%	29.63%
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00
Interest	0.03	0.03	0.03	0.02	0.03	0.04	0.00	0.02	0.04	0.01	0.03	0.02	0.02
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.00	0.04	0.05	0.05	0.05	0.05	0.03
Profit before tax	0.19	-0.56	-0.19	0.11	0.16	0.21	0.03	-0.05	0.19	0.20	0.20	0.24	0.19
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.32%	0.00%	25.00%	4.17%	0.00%
Net Profit	0.19	-0.56	-0.19	0.11	0.16	0.21	0.02	-0.05	0.14	0.20	0.15	0.24	0.18
EPS in Rs	0.04	-0.12	-0.04	0.02	0.03	0.04	0.00	-0.01	0.03	0.04	0.03	0.05	0.04

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:20 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	5.00	0.35	0.45	0.18	0.14	0.61	6.65	3.62	1.17	1.52	3.41	3.75	3.59
Expenses	9.90	0.48	0.46	0.25	0.17	0.67	7.28	3.42	1.00	1.73	2.43	2.65	2.51
Operating Profit	-4.90	-0.13	-0.01	-0.07	-0.03	-0.06	-0.63	0.20	0.17	-0.21	0.98	1.10	1.08
OPM %	-98.00%	-37.14%	-2.22%	-38.89%	-21.43%	-9.84%	-9.47%	5.52%	14.53%	-13.82%	28.74%	29.33%	30.08%
Other Income	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.11	0.10	0.09	0.08
Depreciation	0.05	0.04	0.03	0.00	0.00	0.00	0.00	0.00	0.05	0.12	0.16	0.18	0.18
Profit before tax	-4.95	-0.17	-0.03	-0.07	-0.03	-0.06	-0.63	0.20	0.06	-0.44	0.72	0.84	0.83
Tax %	0.00%	5.88%	-33.33%	0.00%	0.00%	0.00%	0.00%	15.00%	33.33%	0.00%	16.67%	25.00%
Net Profit	-4.95	-0.18	-0.01	-0.07	-0.03	-0.06	-0.63	0.16	0.03	-0.45	0.59	0.63	0.77
EPS in Rs	-0.98	-0.04	-0.00	-0.01	-0.01	-0.01	-0.13	0.03	0.01	-0.10	0.13	0.13	0.16
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	96.36%	94.44%	-600.00%	57.14%	-100.00%	-950.00%	125.40%	-81.25%	-1600.00%	231.11%	6.78%
Change in YoY Net Profit Growth (%)	0.00%	-1.92%	-694.44%	657.14%	-157.14%	-850.00%	1075.40%	-206.65%	-1518.75%	1831.11%	-224.33%

Goyal Associates Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	27%
5 Years:	-11%
3 Years:	47%
TTM:	-5%

Compounded Profit Growth
10 Years:	19%
5 Years:	25%
3 Years:	176%
TTM:	119%

Stock Price CAGR
10 Years:	21%
5 Years:	-4%
3 Years:	-24%
1 Year:	-24%

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	10%
Last Year:	22%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 1:31 pm

Month	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	5.08	5.08	5.08	4.69	4.69	4.69	4.69	4.69	4.69	4.69	4.69	4.69
Reserves	-6.25	-6.43	-6.45	-1.69	-1.72	-1.79	-2.41	-2.25	-2.22	-2.66	-2.08	-1.44
Borrowings	3.90	6.37	4.63	0.00	0.00	0.00	0.00	0.00	3.21	1.99	1.24	1.14
Other Liabilities	0.46	0.02	0.01	1.01	0.01	0.01	2.95	0.21	1.01	1.37	1.15	1.66
Total Liabilities	3.19	5.04	3.27	4.01	2.98	2.91	5.23	2.65	6.69	5.39	5.00	6.05
Fixed Assets	0.14	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.36	0.31	0.56	0.38
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	3.05	4.93	3.27	4.01	2.58	2.91	5.23	2.65	6.33	5.08	4.44	5.67
Total Assets	3.19	5.04	3.27	4.01	2.98	2.91	5.23	2.65	6.69	5.39	5.00	6.05

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-3.75	-2.65	1.73	2.06	-1.41	-0.65	-0.24	-0.52	-2.24	1.17	0.86	-0.05
Cash from Investing Activity +	0.00	0.00	0.00	0.00	-0.40	0.64	0.73	0.00	-0.42	-0.07	-0.41	0.00
Cash from Financing Activity +	3.84	2.46	-1.74	-0.19	0.00	0.00	0.00	0.00	3.23	-1.35	-0.74	0.00
Net Cash Flow	0.09	-0.19	-0.01	1.88	-1.81	0.00	0.49	-0.52	0.58	-0.26	-0.29	-0.05

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-8.80	-6.50	-4.64	-0.07	-0.03	-0.06	-0.63	0.20	-3.04	-2.20	-0.26	-0.04

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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	-0.00	41.71	-0.00	-0.00	-0.00	341.07	194.85	17.14	31.20	2.40	137.01	40.88
Inventory Days	47.11	587.56	478.28	6,778.57	8,395.00	845.58	53.83	56.93	-0.00
Days Payable	19.81	-0.00	-0.00	5,214.29	-0.00	-0.00	150.72	18.98
Cash Conversion Cycle	27.30	629.28	478.28	1,564.29	8,395.00	1,186.65	97.96	55.09	31.20	2.40	137.01	40.88
Working Capital Days	170.09	5,068.29	2,611.78	2,190.00	6,413.57	1,250.57	92.76	51.42	65.51	-273.75	34.25	491.53
ROCE %	-150.91%	-4.39%	-0.72%	-2.24%	-1.01%	-2.04%	-24.32%	8.47%	2.96%	-6.80%	20.58%	22.25%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	10.65%	10.65%	5.33%	5.33%	5.33%	5.33%	5.33%	5.33%	5.33%	5.33%	5.33%	5.33%
DIIs	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Public	89.33%	89.33%	94.66%	94.66%	94.65%	94.65%	94.65%	94.65%	94.66%	94.66%	94.66%	94.66%
No. of Shareholders	5,483	5,990	7,335	8,072	8,368	8,714	8,901	9,256	11,355	13,274	16,392	18,946

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	0.13	0.12	-0.10	0.01	0.04
Diluted EPS (Rs.)	0.13	0.12	-0.10	0.01	0.04
Cash EPS (Rs.)	0.17	0.15	-0.06	0.02	0.03
Book Value[Excl.RevalReserv]/Share (Rs.)	0.69	0.55	0.43	0.53	0.52
Book Value[Incl.RevalReserv]/Share (Rs.)	0.69	0.55	0.43	0.53	0.52
Revenue From Operations / Share (Rs.)	0.79	0.72	0.32	0.24	0.76
PBDIT / Share (Rs.)	0.23	0.20	-0.04	0.03	0.04
PBIT / Share (Rs.)	0.19	0.17	-0.07	0.02	0.04
PBT / Share (Rs.)	0.17	0.14	-0.09	0.01	0.04
Net Profit / Share (Rs.)	0.13	0.12	-0.09	0.01	0.03
PBDIT Margin (%)	29.71	28.42	-13.85	15.04	5.39
PBIT Margin (%)	24.82	23.60	-22.05	10.33	5.39
PBT Margin (%)	22.43	20.60	-29.53	5.28	5.39
Net Profit Margin (%)	16.81	17.03	-29.53	4.45	4.55
Return on Networth / Equity (%)	19.40	22.22	-22.04	2.08	6.73
Return on Capital Employeed (%)	23.54	27.49	-15.95	4.66	7.87
Return On Assets (%)	10.41	11.60	-8.30	0.77	6.19
Total Debt / Equity (X)	0.35	0.47	0.97	1.29	0.00
Asset Turnover Ratio (%)	0.67	0.65	0.25	0.24	0.91
Current Ratio (X)	2.70	2.14	1.54	1.54	14.69
Quick Ratio (X)	2.70	2.14	1.54	1.54	11.85
Interest Coverage Ratio (X)	12.40	9.48	-1.85	2.98	0.00
Interest Coverage Ratio (Post Tax) (X)	8.01	6.68	-2.95	1.88	0.00
Enterprise Value (Cr.)	9.36	14.19	9.24	18.94	2.27
EV / Net Operating Revenue (X)	2.49	4.16	6.10	16.24	0.62
EV / EBITDA (X)	8.40	14.65	-44.00	107.99	11.63
MarketCap / Net Operating Revenue (X)	2.20	3.83	5.05	14.05	0.64
Price / BV (X)	2.54	5.00	3.77	6.58	0.96
Price / Net Operating Revenue (X)	2.20	3.83	5.05	14.06	0.64
EarningsYield	0.07	0.04	-0.05	0.00	0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Goyal Associates Ltd as of November 22, 2024 is: 1.74

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Goyal Associates Ltd is Undervalued by 13.73% compared to the current share price 1.53

Intrinsic Value of Goyal Associates Ltd as of November 22, 2024 is: 3.03

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Goyal Associates Ltd is Undervalued by 98.04% compared to the current share price 1.53

Last 5 Year EPS CAGR: 74.11%

*Investments are subject to market risks

Strength and Weakness

Strength

Weakness

The stock is trading at a low valuation with an average P/B ratio of 0.07 and average Dividend Yield of 4.83%.

The stock has a low average ROCE of -11.51%, which may not be favorable.
The stock has a high average Working Capital Days of 53.98, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 125.78, which may not be favorable.
The company has higher borrowings (1.87) compared to reserves (-3.12), which may suggest financial risk.
The company has not shown consistent growth in sales (2.34) and profit (-0.29).

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Goyal Associates Ltd:
1. Net Profit Margin: 16.81%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 23.54% (Industry Average ROCE: 20.11%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 19.4% (Industry Average ROE: 10.34%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 8.01
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.7
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 10.6 (Industry average Stock P/E: 32.74)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.35
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Goyal Associates Ltd. is a Public Limited Listed company incorporated on 14/10/1994 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L74999GJ1994PLC023281 and registration number is 023281. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 1.52 Cr. and Equity Capital is Rs. 4.69 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	401, Phoenix Complex, Waghodia Road, Vadodra Gujarat 390019	info.goyalass@gmail.com www.goyalassociateslimited.com

Management
Name	Position Held
Mr. Vuppala Naga Malleshwa Rao	Non Exe.Non Ind.Director
Mr. Vikram Singh Thakur	Ind. Non-Executive Director
Mr. Hasmukh Prajapati	Ind. Non-Executive Director
Mr. Harish Sharma	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Goyal Associates Ltd?

The latest intrinsic value of Goyal Associates Ltd as on 21 November 2024 is ₹1.74, which is 13.73% higher than the current market price of ₹1.53.

What is the Market Cap of Goyal Associates Ltd?

The Market Cap of Goyal Associates Ltd is 7.19 Cr..

What is the current Stock Price of Goyal Associates Ltd as on 21 November 2024?

The current stock price of Goyal Associates Ltd as on 21 November 2024 is ₹1.53.

What is the High / Low of Goyal Associates Ltd stocks in FY 2024?

In FY 2024, the High / Low of Goyal Associates Ltd stocks is 2.65/1.50.

What is the Stock P/E of Goyal Associates Ltd?

The Stock P/E of Goyal Associates Ltd is 10.6.

What is the Book Value of Goyal Associates Ltd?

The Book Value of Goyal Associates Ltd is 0.75.

What is the Dividend Yield of Goyal Associates Ltd?

The Dividend Yield of Goyal Associates Ltd is 0.00 %.

What is the ROCE of Goyal Associates Ltd?

The ROCE of Goyal Associates Ltd is 22.6 %.

What is the ROE of Goyal Associates Ltd?

The ROE of Goyal Associates Ltd is 21.5 %.

What is the Face Value of Goyal Associates Ltd?

The Face Value of Goyal Associates Ltd is 1.00.