Goel Food Products Ltd Intrinsic Value & Share Price Analysis

Updated NSE: GOELBSE: 543538
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GETAKA RESEARCH Company fundamentals

The investment picture

Understand the business. Put the price in context.

Stored data · Not a live quote
Share price₹11.00Price record: 24 September 2026, 11:23 pm +05:30
Model valuation₹19.98Undervalued · 9 models
Return on capital10.90%ROCE · Latest stored basic data
Earnings multiple7.35×P/E · Compare with similar businesses
VALUATION CONTEXT

The model estimate is 81.6% above the stored share price. Business quality and the price paid are separate parts of the analysis.

Explore the models
LATEST QUARTER

Revenue

+8.7%

Sep 2025 vs Sep 2024

Reported revenue: ₹9 Cr
LATEST QUARTER

Net profit

-12.0%

Sep 2025 vs Sep 2024

Reported net profit: ₹0 Cr
EARNINGS CHECK

Profit into cash

1.52×

Operating cash flow / net profit

Matched annual period: Mar 2025

₹1.52 of operating cash for each ₹1 of reported profit.

WHAT TO WATCH

Check the latest filings, margin changes and cash generation before drawing conclusions from the headline score.

View financials
Reporting gap · Check newer company filings

Annual: Mar 2025 · Quarterly: Sep 2025 · Cash flow: Mar 2026. These sections refresh independently. A recent price update does not mean the financial statements are current.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

CONNECT THE NUMBERS

What the numbers reveal

Growth, cash and resilience — with the evidence behind each measure.

4 measures available

Quarterly net margin

5.05%

-1.19 pp year on year

Each ₹100 of revenue produced ₹5.05 of reported net profit. Compare the change with tax and other-income movements.

Sep 2025 vs Sep 2024
Calculation & source

Net profit ÷ revenue × 100. Change is in percentage points (pp), not percent growth.

Current: ₹0.44 Cr profit / ₹8.71 Cr revenue. Prior: ₹0.50 Cr / ₹8.01 Cr.

View source table

Three-year cash backing

0.81×

Operating cash / reported profit

For every ₹1 of reported profit, the business generated ₹0.81 of operating cash across the matched years. Working capital, taxes and non-cash items can explain a gap.

Mar 2023–Mar 2025 · 3 matched years
Calculation & source

Sum of operating cash flow ÷ sum of net profit over three consecutive, matching annual periods. This is not an average of yearly ratios.

Operating cash: ₹11.42 Cr. Net profit: ₹14.09 Cr.

View source table

Interest coverage

3.76×

Earnings before interest and tax / interest

Reported earnings before interest and tax cover the interest expense 3.8 times. Other income is included; principal repayments are not.

Mar 2025 · annual P&L
Calculation & source

(Profit before tax + interest expense) ÷ interest expense.

Profit before tax: ₹6.78 Cr. Interest: ₹2.46 Cr.

View source table

Borrowings / book equity

1.24×

₹124.32 borrowed per ₹100 of equity

This compares reported borrowings with equity capital plus reserves. It is gross borrowing, not net debt; reserves are not cash.

Mar 2026 · balance sheet
Calculation & source

Borrowings ÷ (equity capital + reserves), from the same balance-sheet date.

Borrowings: ₹37.16 Cr. Equity capital: ₹18.85 Cr. Reserves: ₹11.04 Cr.

View source table
2 measures unavailable — see missing inputs
  • Revenue momentum needs eight consecutive quarters with positive revenue.
  • Cash cycle change needs debtor, inventory and payable days for the latest year and the preceding year.
What growth does this price require?Change the assumptions and see the earnings hurdle

Start with the stored P/E of 7.35×. If the future P/E is lower, earnings must work harder to deliver the same price return.

Illustrative assumptions — edit to test your own
Required annual EPS growth16.5%

For a 10% annual price return over 5 years at a future P/E of 5.51×.

Defaults illustrate a 25% fall in P/E, 10% annual price return and five years. They are assumptions, not forecasts. This is EPS growth, not total-profit growth; changes in share count matter. Dividends, taxes and costs are excluded.

Formula & data basis

Required growth = (1 + annual price return) × (current P/E ÷ future P/E)1 / years − 1. Returns and growth use decimals in this formula.

Uses the stored P/E and its underlying earnings basis, which may differ from the dated financial tables. Quote record: 24 September 2026, 11:23 pm +05:30.

Periods are matched within each calculation; different measures may use different reporting dates. Derived from the stored tables, not live filings. Check the source reporting basis before comparing companies. About ratio analysis.

Valuation models

₹9.44Overvalued · Model 14.18% below pricevs CMP ₹11.00

P/E (7.4) × ROE (9.9%) × BV (₹15.90) × 0.8 × (1 + dividend yield 2.00%)

₹19.98Undervalued · Model 81.64% above pricevs CMP ₹11.00
Margin of safety: +44.9% (Strong)Model agreement score: 58/100 (Moderate)Models: 7 Under, 1 Fair, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.7023%Fair (-2.7%)
Graham NumberEarnings₹30.7916%Under (+179.9%)
Earnings PowerEarnings₹1.7211%Over (-84.4%)
DCFCash Flow₹30.5814%Under (+178%)
Net Asset ValueAssets₹15.887%Under (+44.4%)
EV/EBITDAEnterprise₹34.409%Under (+212.7%)
Earnings YieldEarnings₹26.507%Under (+140.9%)
ROCE CapitalReturns₹16.927%Under (+53.8%)
Revenue MultipleRevenue₹13.035%Under (+18.5%)
Consensus (9 models)₹19.98100%Undervalued
Key Drivers: Wide model spread (₹2–₹34) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.3%

Margin of safety = (model value − price) ÷ model value. The agreement score is a heuristic based on model count, direction and spread; it is not a probability of accuracy. These models are estimates, not price targets.

Estimates depend on assumptions. Compare the model range and verify fresh filings.

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 11:23 pm +05:30. Annual results through Mar 2025; quarterly results through Sep 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Goel Food Products Ltd: the stored intrinsic value estimate is ₹19.98, compared with a stored share price of ₹11.00. The model value is 81.6% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation.

Operating performance

Revenue for Mar 2025 was ₹24.52 Cr, versus ₹24.10 Cr in Mar 2024 (1.7% year on year). Net profit for Mar 2025 was ₹5.06 Cr, versus ₹5.00 Cr in Mar 2024 (1.2% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹7.70 Cr against net profit of ₹5.06 Cr. Cash flow covered 1.52 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹37.16 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Business quality

62
Goel Food Products Ltd scores 62/100 (Average)
Fundamental screening score · A strong business is not automatically an attractively priced stock.

Data coverage: 5/5 dimensions. Financial reporting periods vary by section.

Stock Health57/100 · Moderate
ROCE 10.9% AverageROE 9.9% AverageD/E 0.97 ModerateInterest Coverage 4.2x AdequateProfitable 4/5 available years Reported history
Ownership Trends50/100 · Moderate
Promoter holding at 74.0% Stable
Earnings Quality90/100 · Strong
CFO/NP (3 matched years): 0.81x · Mar 2023–Mar 2025 Cash-backed earningsOPM expanding (34% → 39%) Improving
Quarterly Momentum40/100 · Moderate
OPM: 18.7% (down 16.6% YoY) Margin pressure
Peer Comparison65/100 · Strong
P/E 7.4 vs industry 541.7 Lower P/EROCE 10.9% vs industry 10.2% Average3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Peer Comparison 15% · Ownership Trends 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing dimensions are excluded and the remaining weights are rescaled. At least three dimensions are required for an overall score. Holding movements describe ownership shares, not proven trading flows. Broad industry groups and financial-sector accounting can limit comparability.

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Share Price and Basic Stock Data

Last Updated: September 24, 2026, 11:23 pm

Market Cap 20.7 Cr.
Current Price 11.0
Intrinsic Value₹19.98
High / Low 20.2/8.54
Stock P/E7.35
Book Value 15.9
Dividend Yield0.00 %
ROCE10.9 %
ROE9.90 %
Face Value 10.0
PEG Ratio0.55

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

View Share Price Target for Goel Food Products Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Goel Food Products Ltd 20.7 Cr. 11.0 20.2/8.547.35 15.90.00 %10.9 %9.90 % 10.0
HS India Ltd 18.2 Cr. 11.2 15.0/8.3510.2 20.60.00 %7.08 %4.95 % 10.0
Gujarat Hotels Ltd 67.5 Cr. 178 319/16611.8 1401.69 %14.1 %11.2 % 10.0
CHL Ltd 148 Cr. 27.1 44.6/23.613.6 68.80.00 %6.45 %5.17 % 2.00
Kamat Hotels (India) Ltd 699 Cr. 237 338/14016.7 1070.00 %15.8 %11.6 % 10.0
Industry Average7,338.65 Cr436.83583.01106.850.36%10.19%18.10%6.72

All Competitor Stocks of Goel Food Products Ltd

Quarterly Result

MetricSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 8.3614.1810.2613.888.0116.518.71
Expenses 5.868.776.647.746.029.307.08
Operating Profit 2.505.413.626.141.997.211.63
OPM % 29.90%38.15%35.28%44.24%24.84%43.67%18.71%
Other Income 0.890.340.410.460.570.460.80
Interest 0.921.721.351.431.361.101.09
Depreciation 0.520.530.510.560.530.460.50
Profit before tax 1.953.502.174.610.676.110.84
Tax % 25.13%26.57%25.81%26.25%25.37%25.37%48.81%
Net Profit 1.452.571.613.400.504.560.44
EPS in Rs 0.771.360.851.800.272.420.23

Last Updated: December 26, 2025, 6:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 3:38 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 7.446.807.028.619.2613.2715.096.9616.7122.4824.1024.5225.22
Expenses 6.165.575.696.966.6510.9312.145.1011.2014.5214.3115.3216.38
Operating Profit 1.281.231.331.652.612.342.951.865.517.969.799.208.84
OPM % 17.20%18.09%18.95%19.16%28.19%17.63%19.55%26.72%32.97%35.41%40.62%37.52%35.05%
Other Income 0.130.460.640.370.150.600.590.330.201.220.861.031.26
Interest 0.681.181.091.281.371.371.681.191.702.682.802.462.19
Depreciation 0.580.300.550.560.590.760.960.941.021.051.060.990.96
Profit before tax 0.150.210.330.180.800.810.900.062.995.456.796.786.95
Tax % 33.33%166.67%81.82%133.33%26.25%-83.95%30.00%116.67%23.08%26.24%26.22%25.37%
Net Profit 0.10-0.140.06-0.050.591.480.630.002.314.035.005.065.00
EPS in Rs 0.24-0.340.15-0.121.443.611.540.001.422.132.652.682.65
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.77%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212022-20232023-20242024-2025
YoY Net Profit Growth (%)-240.00%142.86%-183.33%1280.00%150.85%-57.43%-100.00%74.46%24.07%1.20%
Change in YoY Net Profit Growth (%)0.00%382.86%-326.19%1463.33%-1129.15%-208.28%-42.57%174.46%-50.39%-22.87%

Goel Food Products Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:10%
3 Years:14%
TTM:2%
Compounded Profit Growth
10 Years:44%
5 Years:53%
3 Years:30%
TTM:1%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-21%
1 Year:-73%
Return on Equity
10 Years:18%
5 Years:23%
3 Years:25%
Last Year:23%

Last Updated: September 5, 2025, 3:36 pm

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Balance Sheet

Last Updated: August 19, 2026, 6:19 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 0.820.820.820.820.820.820.823.273.773.7718.8518.85
Reserves 4.604.654.605.196.606.736.726.5713.4318.438.2211.04
Borrowings 11.3010.4115.3012.8117.3622.6414.8929.9632.2329.6226.4537.16
Other Liabilities 2.342.772.443.404.255.144.114.976.486.618.455.39
Total Liabilities 19.0618.6523.1622.2229.0335.3326.5444.7755.9158.4361.9772.44
Fixed Assets 15.5915.4015.0015.5317.9917.7016.9117.0816.7315.9415.9915.51
CWIP 0.000.000.010.000.010.961.160.000.000.110.180.00
Investments 0.280.000.000.000.120.120.000.000.000.000.000.00
Other Assets 3.193.258.156.6910.9116.558.4727.6939.1842.3845.8056.93
Total Assets 19.0618.6523.1622.2229.0335.3326.5444.7755.9158.4361.9772.44

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 2.941.09-2.544.93-0.390.706.22-12.28-3.066.787.70-1.02
Cash from Investing Activity + -7.870.520.00-0.97-2.96-1.080.110.15-0.350.41-1.75-2.06
Cash from Financing Activity + 5.39-1.942.77-4.233.464.25-8.9313.392.95-5.39-5.828.51
Net Cash Flow 0.46-0.330.23-0.280.113.88-2.611.25-0.461.800.145.43
Free Cash Flow -5.050.74-2.703.81-3.62-0.905.88-12.31-3.766.396.58-1.40
CFO/OP 239%82%-154%189%-10%29%334%-223%-27%77%81%24%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow-5.050.74-2.703.81-3.62-0.905.88-12.31-3.766.396.58-1.40

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1.962.154.163.3915.778.253.635.243.939.0931.20
Inventory Days 5.747.475.0720.287.3438.3017.6662.5713.3628.2940.09
Days Payable 28.7156.0164.8918.6651.36106.65138.08151.7992.3199.9283.44
Cash Conversion Cycle -21.00-46.40-55.665.01-28.25-60.09-116.79-83.98-75.02-62.54-12.15
Working Capital Days 83.40-64.41-33.28192.0487.11-53.36-77.1619.40-57.01-60.5616.81
ROCE %10.21%5.58%7.98%10.98%9.95%9.31%5.01%15.05%18.22%18.94%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Promoters 73.41%73.42%73.42%73.42%73.42%73.42%73.42%73.82%73.82%73.97%73.99%73.99%
Public 26.59%26.59%26.59%26.59%26.58%26.59%26.59%26.17%26.18%26.04%26.02%26.01%
No. of Shareholders 3688386100127157176194719725734715

Shareholding Pattern Chart

No. of Shareholders

Goel Food Products Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.6813.2711.0321.83-0.06
Diluted EPS (Rs.) 2.6813.2711.0321.83-0.06
Cash EPS (Rs.) 3.2116.0913.4710.1811.44
Book Value[Excl.RevalReserv]/Share (Rs.) 14.3658.8845.6130.0893.30
Book Value[Incl.RevalReserv]/Share (Rs.) 14.3658.8845.6130.0893.30
Dividend / Share (Rs.) 0.500.000.000.000.00
Revenue From Operations / Share (Rs.) 13.0164.0359.7651.2687.28
PBDIT / Share (Rs.) 5.4228.1924.2517.4326.73
PBIT / Share (Rs.) 4.9025.3721.4614.3215.23
PBT / Share (Rs.) 3.6017.9814.469.170.76
Net Profit / Share (Rs.) 2.6813.2710.687.07-0.05
PBDIT Margin (%) 41.7044.0340.5734.0030.63
PBIT Margin (%) 37.6539.6235.9127.9417.45
PBT Margin (%) 27.6428.0824.1917.880.87
Net Profit Margin (%) 20.6120.7217.8613.79-0.06
Return on Networth / Equity (%) 18.6722.5323.4023.50-0.06
Return on Capital Employeed (%) 17.6119.0516.8612.455.70
Return On Assets (%) 8.158.567.205.16-0.01
Long Term Debt / Equity (X) 0.871.191.702.671.74
Total Debt / Equity (X) 0.971.331.873.051.85
Asset Turnover Ratio (%) 0.400.420.440.460.23
Current Ratio (X) 1.881.560.741.041.39
Quick Ratio (X) 1.791.460.661.011.27
Inventory Turnover Ratio (X) 27.4732.540.000.000.00
Dividend Payout Ratio (NP) (%) 3.720.000.000.000.00
Dividend Payout Ratio (CP) (%) 3.110.000.000.000.00
Earning Retention Ratio (%) 96.280.000.000.000.00
Cash Earning Retention Ratio (%) 96.890.000.000.000.00
Interest Coverage Ratio (X) 4.163.823.463.381.85
Interest Coverage Ratio (Post Tax) (X) 3.062.802.522.370.99
Enterprise Value (Cr.) 50.3083.4279.600.000.00
EV / Net Operating Revenue (X) 2.053.463.530.000.00
EV / EBITDA (X) 4.927.858.710.000.00
MarketCap / Net Operating Revenue (X) 1.132.372.180.000.00
Retention Ratios (%) 96.270.000.000.000.00
Price / BV (X) 1.022.582.850.000.00
Price / Net Operating Revenue (X) 1.132.372.180.000.00
EarningsYield 0.180.080.080.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Goel Food Products Ltd and is it undervalued?

Goel Food Products Ltd: the stored intrinsic value estimate is ₹19.98, compared with a stored share price of ₹11.00. The model value is 81.6% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Goel Food Products Ltd?

The stored share price is ₹11.00. Price-data record updated: 24 September 2026, 11:23 pm +05:30. This is not a live quote. The stored 52-week high / low is 20.2/8.54; this is a rolling range, not a financial-year range.

How have Goel Food Products Ltd's revenue and profit changed?

Revenue for Mar 2025 was ₹24.52 Cr, versus ₹24.10 Cr in Mar 2024 (1.7% year on year). Net profit for Mar 2025 was ₹5.06 Cr, versus ₹5.00 Cr in Mar 2024 (1.2% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does Goel Food Products Ltd's profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹7.70 Cr against net profit of ₹5.06 Cr. Cash flow covered 1.52 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

What should I check in Goel Food Products Ltd's balance sheet?

Reported borrowings were ₹37.16 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Goel Food Products Ltd's P/E with other stocks?

The stored P/E is 7.35. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Goel Food Products Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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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 Goel Food Products 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