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Last Updated: April 2, 2026, 2:58 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 509567 | NSE: GOACARBON

Goa Carbons Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹259.71Overvalued by 11.66%vs CMP ₹294.00

P/E (15.0) × ROE (10.3%) × BV (₹206.00) × DY (2.00%)

Defaults: P/E=15

₹303.51Fairly Valued by 3.23%vs CMP ₹294.00
MoS: +3.1% (Thin)Confidence: 40/100 (Low)Models: 1 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹101.9932%Over (-65.3%)
Earnings PowerEarnings₹161.6319%Over (-45%)
Net Asset ValueAssets₹205.4719%Over (-30.1%)
ROCE CapitalReturns₹1,017.7716%Under (+246.2%)
Revenue MultipleRevenue₹277.6114%Fair (-5.6%)
Consensus (5 models)₹303.51100%Fairly Valued
Key Drivers: EPS CAGR -60.7% drags value — could be higher if earnings stabilize. | Wide model spread (₹102–₹1,018) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -60.7% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

41
Goa Carbons Ltd scores 41/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health33/100 · Weak
ROCE 2.3% WeakROE 10.3% AverageD/E 1.58 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 59.7% Stable
Earnings Quality40/100 · Moderate
OPM contracting (9% → 4%) Declining
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +13% YoY Growing
Industry Rank30/100 · Weak
ROCE 2.3% vs industry 33.3% Below peers3Y sales CAGR: -13% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:58 am

Market Cap 269 Cr.
Current Price 294
Intrinsic Value₹303.51
High / Low 533/272
Stock P/E
Book Value 206
Dividend Yield0.00 %
ROCE2.28 %
ROE10.3 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Goa Carbons Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Goa Carbons Ltd 269 Cr. 294 533/272 2060.00 %2.28 %10.3 % 10.0
Agarwal Industrial Corporation Ltd 586 Cr. 392 1,083/36010.0 4390.84 %16.9 %20.1 % 10.0
DCW Ltd 1,212 Cr. 41.1 90.5/37.129.2 35.80.24 %7.93 %2.91 % 2.00
Asian Petroproducts & Exports Ltd 19.9 Cr. 8.11 11.2/7.00117 4.830.00 %16.5 %26.8 % 10.0
Aadi Industries Ltd 7.44 Cr. 7.44 13.4/4.49 6.930.00 %123 %% 10.0
Industry Average689.00 Cr148.5352.07138.510.22%33.32%15.03%8.40

All Competitor Stocks of Goa Carbons Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 417316382224272178128119129132199102194
Expenses 372301358181225165121131138137207112213
Operating Profit 4516244347147-12-8-5-8-10-20
OPM % 11%5%6%19%17%8%5%-10%-7%-4%-4%-10%-10%
Other Income 4632354422236
Interest 1414105455545567
Depreciation 1111111111111
Profit before tax 347173946144-14-10-8-12-14-21
Tax % 26%25%26%26%25%31%29%-28%-20%-20%-33%53%12%
Net Profit 26513293593-10-8-7-8-21-23
EPS in Rs 27.965.7813.7631.6537.8010.233.26-11.07-9.11-7.15-8.69-23.40-25.54

Last Updated: February 5, 2026, 9:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2921883162915764624173537661,3641,057508627
Expenses 2871863092744844614313477091,220929527670
Operating Profit 52717921-15657144128-19-42
OPM % 2%1%2%6%16%0%-4%2%7%11%12%-4%-7%
Other Income 6-2699221313141113
Interest 68159101214101646241822
Depreciation 2222222222233
Profit before tax 2-10-41690-11-28-541108116-28-55
Tax % 6%1%-32%40%40%-31%-2%-2%8%25%26%-22%
Net Profit 2-10-31054-8-28-5388186-22-59
EPS in Rs 2.50-11.03-3.3710.3858.85-8.21-30.32-5.2641.2888.2493.43-24.07-64.78
Dividend Payout % 40%-9%0%43%25%0%0%0%24%20%21%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-600.00%70.00%433.33%440.00%-114.81%-250.00%82.14%860.00%113.16%6.17%-125.58%
Change in YoY Net Profit Growth (%)0.00%670.00%363.33%6.67%-554.81%-135.19%332.14%777.86%-746.84%-106.99%-131.75%

Goa Carbons Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:4%
3 Years:-13%
TTM:-28%
Compounded Profit Growth
10 Years:%
5 Years:3%
3 Years:%
TTM:-143%
Stock Price CAGR
10 Years:22%
5 Years:16%
3 Years:2%
1 Year:-42%
Return on Equity
10 Years:16%
5 Years:23%
3 Years:24%
Last Year:-10%

Last Updated: September 5, 2025, 5:00 am

Balance Sheet

Last Updated: February 1, 2026, 12:42 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 9999999999999
Reserves 76656271116987067105177238208179
Borrowings 2271562051591960431240422334281391
Other Liabilities 232322243423412916073161323231
Total Liabilities 335252298263355342212267427769613531610
Fixed Assets 20262725242726242322272728
CWIP -0-0-0-04-00343014
Investments 199911232457351010
Other Assets 296217262227326312183235395737550493568
Total Assets 335252298263355342212267427769613531610

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -33-63517271103-15-40-116196-54
Cash from Investing Activity + -81100-671126115-9-140-209980
Cash from Financing Activity + 94-8134-5620-218-1218191127-138-80
Net Cash Flow -20131-2749-476-711-9158-53
Free Cash Flow -33-153217221082-17-42-115192-57
CFO/OP -618%-239%387%116%61%18,931%-24%-240%-69%-63%176%266%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-222.00-154.00-198.00-142.00-104.001.00-19.00-25.00-183.00-278.00-206.00-300.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 425822273649196713412148
Inventory Days 128237125138821541001338510695197
Days Payable 12201615121981221873546715
Cash Conversion Cycle 1582761311511055-31364101109229
Working Capital Days -139-66-118-76-372151-48-14-2019
ROCE %3%3%4%9%35%0%-15%5%25%32%23%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.72%59.72%59.72%59.72%59.72%59.72%59.72%59.72%59.72%59.72%59.72%59.72%
FIIs 0.21%0.02%0.00%0.00%0.13%0.09%0.10%0.00%0.01%0.01%0.00%0.01%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.02%0.02%0.02%0.02%0.02%
Public 40.06%40.26%40.27%40.28%40.15%40.18%40.18%40.26%40.24%40.25%40.26%40.24%
No. of Shareholders 29,06128,36929,19128,13328,71833,86032,42032,58832,80832,26531,63331,098

Shareholding Pattern Chart

No. of Shareholders

Goa Carbons Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.95-3.71-9.804.188.35
Diluted EPS (Rs.) 9.95-3.71-9.804.188.35
Cash EPS (Rs.) 12.02-1.67-7.986.5910.80
Book Value[Excl.RevalReserv]/Share (Rs.) 87.8979.7483.4594.8191.79
Book Value[Incl.RevalReserv]/Share (Rs.) 87.8979.7483.4594.8191.79
Revenue From Operations / Share (Rs.) 318.09345.34205.38319.12323.02
PBDIT / Share (Rs.) 26.1313.41-4.0213.5020.94
PBIT / Share (Rs.) 24.0611.37-5.8411.0918.49
PBT / Share (Rs.) 16.75-5.25-9.724.3313.00
Net Profit / Share (Rs.) 9.95-3.71-9.804.188.35
NP After MI And SOA / Share (Rs.) 9.95-3.71-9.804.188.35
PBDIT Margin (%) 8.213.88-1.954.236.48
PBIT Margin (%) 7.563.29-2.843.475.72
PBT Margin (%) 5.26-1.52-4.731.354.02
Net Profit Margin (%) 3.12-1.07-4.761.312.58
NP After MI And SOA Margin (%) 3.12-1.07-4.761.312.58
Return on Networth / Equity (%) 11.32-4.64-11.734.419.10
Return on Capital Employeed (%) 25.8313.92-6.7211.2719.30
Return On Assets (%) 3.44-1.12-3.511.133.21
Total Debt / Equity (X) 1.972.812.042.611.58
Asset Turnover Ratio (%) 1.031.140.631.021.17
Current Ratio (X) 1.221.121.151.091.24
Quick Ratio (X) 0.750.730.600.740.74
Inventory Turnover Ratio (X) 2.652.711.543.212.13
Dividend Payout Ratio (NP) (%) 15.070.00-10.2023.9129.92
Dividend Payout Ratio (CP) (%) 12.480.00-12.5315.1723.14
Earning Retention Ratio (%) 84.930.00110.2076.0970.08
Cash Earning Retention Ratio (%) 87.520.00112.5384.8376.86
Interest Coverage Ratio (X) 3.570.80-1.042.003.81
Interest Coverage Ratio (Post Tax) (X) 2.360.77-1.531.622.52
Enterprise Value (Cr.) 164.63142.04162.60153.81108.47
EV / Net Operating Revenue (X) 0.560.440.860.520.36
EV / EBITDA (X) 6.8811.57-44.1512.455.66
MarketCap / Net Operating Revenue (X) 0.360.210.340.210.20
Retention Ratios (%) 84.920.00110.2076.0870.07
Price / BV (X) 1.330.930.850.720.72
Price / Net Operating Revenue (X) 0.360.210.340.210.20
EarningsYield 0.08-0.04-0.130.060.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Goa Carbons Ltd

Goa Carbons Ltd. is a Public Limited Listed company incorporated on 22/06/1967 and has its registered office in the State of Goa, India. Company’s Corporate Identification Number(CIN) is L23109GA1967PLC000076 and registration number is 000076. Currently Company is involved in the business activities of Manufacture of coke oven products. Company’s Total Operating Revenue is Rs. 766.12 Cr. and Equity Capital is Rs. 9.15 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Mining/MineralsDempo House, Campal, Panjim Goa 403001goacarbon@gmail.com
http://www.goacarbon.com
Management
NamePosition Held
Mr. Shrinivas V DempoChairman & Promoter Director
Mr. Jagmohan J ChhabraNon Executive Director
Mr. Rajesh S DempoNon Executive Director
Mr. Subodh NadkarniIndependent Director
Ms. Kiran DhingraIndependent Director
Mr. Nagesh PingeIndependent Director
Mr. Subhrakant PandaIndependent Director
Mr. Anupam MisraExecutive Director

Goa Carbons Ltd. Share Price Update

Share PriceValue
Today₹836.55
Previous Day₹860.05

FAQ

What is the intrinsic value of Goa Carbons Ltd and is it undervalued?

As of 14 April 2026, Goa Carbons Ltd's intrinsic value is ₹303.51, which is 3.23% higher than the current market price of ₹294.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (10.3 %), book value (₹206), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Goa Carbons Ltd?

Goa Carbons Ltd is trading at ₹294.00 as of 14 April 2026, with a FY2026-2027 high of ₹533 and low of ₹272. The stock is currently near its 52-week low. Market cap stands at ₹269 Cr..

How does Goa Carbons Ltd's P/E ratio compare to its industry?

Goa Carbons Ltd has a P/E ratio of , which is below the industry average of 52.07. This is broadly in line with or below the industry average.

Is Goa Carbons Ltd financially healthy?

Key indicators for Goa Carbons Ltd: ROCE of 2.28 % is on the lower side compared to the industry average of 33.32%. Dividend yield is 0.00 %.

Is Goa Carbons Ltd profitable and how is the profit trend?

Goa Carbons Ltd reported a net profit of ₹-22 Cr in Mar 2025 on revenue of ₹508 Cr. Compared to ₹38 Cr in Mar 2022, the net profit shows a declining trend.

Does Goa Carbons Ltd pay dividends?

Goa Carbons Ltd has a dividend yield of 0.00 % at the current price of ₹294.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Goa Carbons Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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