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Last Updated: April 2, 2026, 4:42 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 538787 | NSE: GBFL

Goenka Business & Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹10.42Fairly Valued by 2.62%vs CMP ₹10.70

P/E (30.4) × ROE (1.9%) × BV (₹22.70) × DY (2.00%)

₹24.85Undervalued by 132.24%vs CMP ₹10.70
MoS: +56.9% (Strong)Confidence: 38/100 (Low)Models: 3 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹9.8629%Fair (-7.9%)
Graham NumberEarnings₹13.3721%Under (+25%)
Earnings PowerEarnings₹1.0614%Over (-90.1%)
Net Asset ValueAssets₹22.9314%Under (+114.3%)
Earnings YieldEarnings₹3.509%Over (-67.3%)
ROCE CapitalReturns₹130.9012%Under (+1123.4%)
Consensus (6 models)₹24.85100%Undervalued
Key Drivers: ROE 1.9% is below cost of equity. | Wide model spread (₹1–₹131) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -5.3%

*Investments are subject to market risks

Investment Snapshot

61
Goenka Business & Finance Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 52.3% ExcellentROE 1.9% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 14.9% Stable
Earnings Quality60/100 · Moderate
Working capital: -683 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Profit (4Q): +24% YoY Positive
Industry Rank70/100 · Strong
P/E 30.4 vs industry 101.6 Cheaper than peersROCE 52.3% vs industry 15.8% Above peersROE 1.9% vs industry 8.8% Below peers

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.

Goenka Business & Finance Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 30.4 vs Ind 101.6 | ROCE 52.3% | ROE 1.9% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 1.14x | Borrow/Reserve 0.00x
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-1 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
0
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP +235.5% | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %+132.2%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-97Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change+235.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM ChangeN/ALatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:42 am

Market Cap 14.0 Cr.
Current Price 10.7
Intrinsic Value₹24.85
High / Low 13.4/6.06
Stock P/E30.4
Book Value 22.7
Dividend Yield0.00 %
ROCE52.3 %
ROE1.85 %
Face Value 10.0
PEG Ratio-5.72

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

View Share Price Target for Goenka Business & Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Goenka Business & Finance Ltd 14.0 Cr. 10.7 13.4/6.0630.4 22.70.00 %52.3 %1.85 % 10.0
Cindrella Financial Services Ltd 3.69 Cr. 8.88 15.2/8.6028.4 15.70.00 %2.61 %2.91 % 10.0
Bajaj Finance Ltd 5,08,563 Cr. 817 1,102/78827.9 1660.54 %11.4 %19.2 % 1.00
BAMPSL Securities Ltd 65.3 Cr. 19.2 25.5/15.233.0 11.90.00 %4.69 %3.48 % 10.0
Capital Trade Links Ltd 197 Cr. 15.3 32.2/14.327.7 5.790.00 %7.42 %3.63 % 1.00
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of Goenka Business & Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue68.2730.4018.5929.2020.0418.2912.2438.739.7114.347.8531.4181.99
Interest 2.582.291.442.523.044.183.143.363.626.794.295.105.73
Expenses 65.9030.2417.5026.2715.1612.449.8834.457.0410.284.0028.9172.81
Financing Profit-0.21-2.13-0.350.411.841.67-0.780.92-0.95-2.73-0.44-2.603.45
Financing Margin %-0.31%-7.01%-1.88%1.40%9.18%9.13%-6.37%2.38%-9.78%-19.04%-5.61%-8.28%4.21%
Other Income 0.000.000.040.030.000.000.000.000.023.090.010.23-0.01
Depreciation 0.010.010.000.000.000.000.000.010.010.010.000.000.00
Profit before tax -0.22-2.14-0.310.441.841.67-0.780.91-0.940.35-0.43-2.373.44
Tax % -63.64%-26.64%-29.03%40.91%26.09%40.12%-28.21%28.57%-23.40%74.29%-20.93%-17.30%22.38%
Net Profit -0.08-1.57-0.220.251.361.00-0.570.66-0.720.10-0.34-1.972.67
EPS in Rs -0.06-1.21-0.170.191.050.77-0.440.51-0.550.08-0.26-1.522.05
Gross NPA %
Net NPA %

Last Updated: March 3, 2026, 9:30 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 6:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue332275571861,4202498678136
Interest 00000011191610111722
Expenses 322276491671,4042397162116
Financing Profit0100-1-1-20103-0-2
Financing Margin %2%24%10%8%-10%-20%-3%0%0%0%4%-1%-2%
Other Income 0000000000003
Depreciation 0000000000000
Profit before tax 0100-1-1-20103-11
Tax % 33%32%33%20%0%1%-29%-159%36%-150%35%16%
Net Profit 0100-1-1-10102-10
EPS in Rs 0.030.400.040.06-0.52-0.68-1.080.340.460.111.68-0.450.35
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162018-20192019-20202020-20212022-20232024-2025
YoY Net Profit Growth (%)-100.00%0.00%0.00%100.00%-100.00%-150.00%
Change in YoY Net Profit Growth (%)0.00%100.00%0.00%100.00%-200.00%-50.00%

Goenka Business & Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:38%
5 Years:6%
3 Years:-62%
TTM:-11%
Compounded Profit Growth
10 Years:%
5 Years:10%
3 Years:%
TTM:-115%
Stock Price CAGR
10 Years:-32%
5 Years:32%
3 Years:-4%
1 Year:4%
Return on Equity
10 Years:0%
5 Years:2%
3 Years:2%
Last Year:-2%

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

Balance Sheet

Last Updated: March 3, 2026, 1:04 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 13131313131313131313131313
Reserves 17181818171615151616181817
Borrowing00001100000000
Other Liabilities 10021614918410994160168217
Total Liabilities 323131334236177212138123192199247
Fixed Assets 0000000000000
CWIP 0000000000000
Investments 063000022361212
Other Assets 322528334235177210135121186187235
Total Assets 323131334236177212138123192199247

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -246-3-32-282-107-6-1
Cash from Investing Activity + -0-6330-0-0-0-0-0-0-0
Cash from Financing Activity + 25-0-0-0-0-0-0-0-0-0-0-0
Net Cash Flow 1-10-02-282-107-6-1
Free Cash Flow -246-3-32-282-107-6-1
CFO/OP -34,571%724%-1,295%-2,027%-310%146%90%12%-58%71%-38%-8%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow3.002.002.002.00-4.006.0049.00167.001.00239.0071.0062.00

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 0.000.000.0011.41105.760.000.000.000.000.000.000.00
Inventory Days 28.6832.746.561,847.8183.03126.2825.8081.7210.9367.99166.45121.62
Days Payable 155.120.000.00524.6967.884.321.720.000.000.000.000.00
Cash Conversion Cycle -126.4532.746.561,334.53120.90121.9524.0881.7210.9367.99166.45121.62
Working Capital Days 3,588.962,747.114,395.945,843.80113.89-323.23-920.13-274.15-15.37-71.96-535.14-683.18
ROCE %0.34%2.49%0.29%0.32%-1.73%-2.45%30.05%69.38%58.32%34.12%48.09%52.31%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 14.91%14.91%14.91%14.91%14.91%14.91%14.91%14.91%14.91%14.91%14.91%14.91%
Public 85.09%85.09%85.10%85.09%85.09%85.09%85.08%85.10%85.09%85.08%85.08%85.10%
No. of Shareholders 8,9329,0699,0699,2379,83310,01810,93814,45014,92914,76914,65814,561

Shareholding Pattern Chart

No. of Shareholders

Goenka Business & Finance 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.) -0.261.790.110.460.34
Diluted EPS (Rs.) -0.261.790.110.460.34
Cash EPS (Rs.) -0.431.700.130.470.40
Book Value[Excl.RevalReserv]/Share (Rs.) 24.0024.2022.4122.3221.86
Book Value[Incl.RevalReserv]/Share (Rs.) 24.0024.2022.4122.3221.86
Revenue From Operations / Share (Rs.) 57.7166.12191.411092.57143.46
PBDIT / Share (Rs.) 12.6311.227.6412.9015.12
PBIT / Share (Rs.) 12.6111.217.6212.8915.06
PBT / Share (Rs.) -0.392.610.040.720.13
Net Profit / Share (Rs.) -0.441.690.110.450.34
PBDIT Margin (%) 21.8816.973.991.1810.54
PBIT Margin (%) 21.8516.953.981.1710.49
PBT Margin (%) -0.673.940.020.060.09
Net Profit Margin (%) -0.772.550.050.040.23
Return on Networth / Equity (%) -1.876.970.492.051.56
Return on Capital Employeed (%) 45.1241.0333.9057.5668.51
Return On Assets (%) -0.291.140.110.430.20
Asset Turnover Ratio (%) 0.380.541.918.130.95
Current Ratio (X) 1.211.211.291.241.14
Quick Ratio (X) 1.091.020.820.850.93
Inventory Turnover Ratio (X) 3.060.000.000.000.00
Interest Coverage Ratio (X) 0.971.301.011.061.01
Interest Coverage Ratio (Post Tax) (X) 0.961.201.011.041.02
Enterprise Value (Cr.) 12.025.080.9411.91-7.00
EV / Net Operating Revenue (X) 0.160.050.000.01-0.03
EV / EBITDA (X) 0.730.340.090.71-0.35
MarketCap / Net Operating Revenue (X) 0.170.080.030.010.01
Price / BV (X) 0.410.230.290.430.11
Price / Net Operating Revenue (X) 0.170.080.030.010.01
EarningsYield -0.040.290.010.040.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Goenka Business & Finance Ltd. is a Public Limited Listed company incorporated on 07/09/1987 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L67120WB1987PLC042960 and registration number is 042960. 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. 75.03 Cr. and Equity Capital is Rs. 13.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)18, Rabindra Sarani, Poddar Court, Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. Yasin GoriWhole Time Director
Mr. Bhavikkumar PrajapatiExecutive Director
Mr. Nigamkumar SathavaraIndependent Director
Mr. Darshil ShahIndependent Director
Ms. Charmi ParikhIndependent Woman Director

FAQ

What is the intrinsic value of Goenka Business & Finance Ltd and is it undervalued?

As of 05 April 2026, Goenka Business & Finance Ltd's intrinsic value is ₹24.85, which is 132.24% higher than the current market price of ₹10.70, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.85 %), book value (₹22.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Goenka Business & Finance Ltd?

Goenka Business & Finance Ltd is trading at ₹10.70 as of 05 April 2026, with a FY2026-2027 high of ₹13.4 and low of ₹6.06. The stock is currently in the middle of its 52-week range. Market cap stands at ₹14.0 Cr..

How does Goenka Business & Finance Ltd's P/E ratio compare to its industry?

Goenka Business & Finance Ltd has a P/E ratio of 30.4, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Goenka Business & Finance Ltd financially healthy?

Key indicators for Goenka Business & Finance Ltd: ROCE of 52.3 % indicates efficient capital utilization; ROE of 1.85 % is below ideal levels (industry average: 8.84%). Dividend yield is 0.00 %.

Is Goenka Business & Finance Ltd profitable and how is the profit trend?

Goenka Business & Finance Ltd reported a net profit of ₹-1 Cr in Mar 2025 on revenue of ₹78 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows a declining trend.

Does Goenka Business & Finance Ltd pay dividends?

Goenka Business & Finance Ltd has a dividend yield of 0.00 % at the current price of ₹10.70. 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 Goenka Business & Finance 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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