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Last Updated on: 26 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Gokul Agro Resources Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 25, 2024, 11:50 pm

Market Cap 4,670 Cr.
Current Price 316
High / Low342/95.0
Stock P/E23.1
Book Value 61.9
Dividend Yield0.00 %
ROCE23.4 %
ROE18.9 %
Face Value 2.00
PEG Ratio0.52

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

View Share Price Target for Gokul Agro Resources Ltd

Competitors of Gokul Agro Resources Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Gokul Agro Resources Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,2732,6872,3212,6942,6162,7612,8642,7762,7432,6392,4694,1193,346
Expenses2,2362,6422,2832,6462,5632,6752,8052,7102,6652,5612,4104,0383,267
Operating Profit37453848548660667878598178
OPM %2%2%2%2%2%3%2%2%3%3%2%2%2%
Other Income3644363347778
Interest14151514141318232628273736
Depreciation8888777777788
Profit before tax18281930367137394850314343
Tax %31%33%26%26%20%19%24%24%24%25%24%22%21%
Net Profit12191422295828293738243434
EPS in Rs0.901.401.041.601.973.921.922.002.502.561.632.292.28

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,6314,2885,0604,5455,5868,37110,38410,74011,971
Expenses3,5784,2044,9534,4275,4668,23010,15910,45811,675
Operating Profit5384107118120141225282296
OPM %1%2%2%3%2%2%2%3%2%
Other Income172111101317171725
Interest4053708484625695118
Depreciation152128302330292929
Profit before tax153120142666156175173
Tax %36%35%23%23%27%32%21%24%
Net Profit92015111945123132132
EPS in Rs0.691.471.140.801.413.298.338.978.98
Dividend Payout %0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)122.22%-25.00%-26.67%72.73%136.84%173.33%7.32%
Change in YoY Net Profit Growth (%)0.00%-147.22%-1.67%99.39%64.11%36.49%-166.02%

Gokul Agro Resources Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2016-2017 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:25%
3 Years:18%
TTM:37%
Compounded Profit Growth
10 Years:%
5 Years:66%
3 Years:46%
TTM:53%
Stock Price CAGR
10 Years:%
5 Years:86%
3 Years:66%
1 Year:151%
Return on Equity
10 Years:%
5 Years:21%
3 Years:23%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:39 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital26262626262629303030
Reserves160180195208229274442621757883
Borrowings225292345311317246305484604480
Other Liabilities8567907397538871,0079429861,8172,207
Total Liabilities1,2681,2891,3051,2991,4591,5541,7172,1213,2073,600
Fixed Assets135178222216240233264355742753
CWIP331510113417106636
Investments25011121314131017
Other Assets1,0741,0961,0621,0601,2031,3021,4351,6562,4492,794
Total Assets1,2681,2891,3051,2991,4591,5541,7172,1213,2073,600

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +133-7-521021321356020355
Cash from Investing Activity +-1411-68-15-32-8-46-199-297
Cash from Financing Activity +-49333-98-83-127601432
Net Cash Flow6936-118-1216074-3761

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-172.00-208.00-238.00-193.00-197.00-105.00-80.00-202.00

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 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days30332727252471410
Inventory Days393232413217272336
Days Payable886854635844333446
Cash Conversion Cycle-20-455-1-3240
Working Capital Days-34131353585
ROCE %18%17%18%20%23%32%26%23%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters69.82%69.82%72.17%72.17%72.17%72.17%71.97%72.56%72.56%72.56%73.62%73.67%
FIIs0.07%0.31%0.25%0.22%0.24%0.21%0.05%0.05%0.06%0.05%0.76%0.82%
DIIs0.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public29.83%29.87%27.58%27.61%27.58%27.62%27.98%27.39%27.38%27.38%25.62%25.51%
No. of Shareholders20,58622,16524,10529,37131,44743,30243,46045,73045,60143,87043,22542,479

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)9.209.189.023.391.46
Diluted EPS (Rs.)9.209.189.023.391.46
Cash EPS (Rs.)11.3610.9310.645.643.17
Book Value[Excl.RevalReserv]/Share (Rs.)53.2944.1032.8722.7719.38
Book Value[Incl.RevalReserv]/Share (Rs.)53.2944.1032.8722.7719.38
Revenue From Operations / Share (Rs.)938.97727.91726.26635.85423.61
PBDIT / Share (Rs.)22.1620.2216.8811.9310.07
PBIT / Share (Rs.)19.9918.2614.839.688.36
PBT / Share (Rs.)12.0211.8410.905.012.00
Net Profit / Share (Rs.)9.208.978.593.391.46
NP After MI And SOA / Share (Rs.)9.208.978.593.391.46
PBDIT Margin (%)2.352.772.321.872.37
PBIT Margin (%)2.122.502.041.521.97
PBT Margin (%)1.281.621.500.780.47
Net Profit Margin (%)0.971.231.180.530.34
NP After MI And SOA Margin (%)0.971.231.180.530.34
Return on Networth / Equity (%)17.2620.3526.1314.877.50
Return on Capital Employeed (%)26.4028.1836.5932.6331.12
Return On Assets (%)4.236.247.152.871.31
Long Term Debt / Equity (X)0.370.420.170.070.13
Total Debt / Equity (X)0.740.710.610.550.94
Asset Turnover Ratio (%)5.205.606.875.703.62
Current Ratio (X)1.161.311.221.121.09
Quick Ratio (X)0.540.750.570.800.66
Inventory Turnover Ratio (X)11.8612.7719.7515.558.20
Interest Coverage Ratio (X)2.783.154.302.551.58
Interest Coverage Ratio (Post Tax) (X)2.152.403.191.731.23
Enterprise Value (Cr.)1758.671650.931011.59243.75173.32
EV / Net Operating Revenue (X)0.120.150.090.020.03
EV / EBITDA (X)5.385.534.191.551.30
MarketCap / Net Operating Revenue (X)0.110.140.100.030.01
Price / BV (X)2.052.332.240.880.42
Price / Net Operating Revenue (X)0.110.140.100.030.01
EarningsYield0.080.080.110.160.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gokul Agro Resources Ltd as of November 26, 2024 is: 275.65

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 26, 2024, Gokul Agro Resources Ltd is Overvalued by 12.77% compared to the current share price 316.00

Intrinsic Value of Gokul Agro Resources Ltd as of November 26, 2024 is: 399.18

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 26, 2024, Gokul Agro Resources Ltd is Undervalued by 26.32% compared to the current share price 316.00

Last 5 Year EPS CAGR: 44.81%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 5.89, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -1.33, which is a positive sign.
  4. The company has higher reserves (394.90 cr) compared to borrowings (360.90 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (6.67 cr) and profit (75.11 cr) over the years.

    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 Gokul Agro Resources Ltd:
      1. Net Profit Margin: 0.97%
        • 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: 26.4% (Industry Average ROCE: 0.59%)
        • 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%: 17.26% (Industry Average ROE: 0.49%)
        • 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): 2.15
        • 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: 0.54
        • 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: 23.1 (Industry average Stock P/E: 0)
        • 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: 0.74
        • 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

    Gokul Agro Resources Ltd. is a Public Limited Listed company incorporated on 03/07/2014 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L15142GJ2014PLC080010 and registration number is 080010. Currently Company is involved in the business activities of Manufacture of vegetable oils and fats excluding corn oil. Company’s Total Operating Revenue is Rs. 10217.42 Cr. and Equity Capital is Rs. 28.61 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Edible Oils & Solvent ExtractionCrown-3, Inspire Business Park, Shantigram, Nr. Vaishnodevi Circle, Ahmedabad Gujarat 382421compliances@gokulagro.com
    http://www.gokulagro.com
    Management
    NamePosition Held
    Mr. Kanubhai ThakkarChairman & Managing Director
    Mr. Jayesh ThakkarManaging Director
    Mr. Dipakkumar ThakkarExecutive Director
    Ms. Pooja KhakhiIndependent Director
    Mr. Keyoor BakshiIndependent Director
    Mr. Pankaj KotakIndependent Director
    Mr. Sujit GulatiIndependent Director

    FAQ

    What is the latest intrinsic value of Gokul Agro Resources Ltd?

    The latest intrinsic value of Gokul Agro Resources Ltd as on 26 November 2024 is ₹275.65, which is 12.77% lower than the current market price of ₹316.00.

    What is the Market Cap of Gokul Agro Resources Ltd?

    The Market Cap of Gokul Agro Resources Ltd is 4,670 Cr..

    What is the current Stock Price of Gokul Agro Resources Ltd as on 26 November 2024?

    The current stock price of Gokul Agro Resources Ltd as on 26 November 2024 is 316.

    What is the High / Low of Gokul Agro Resources Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Gokul Agro Resources Ltd stocks is 342/95.0.

    What is the Stock P/E of Gokul Agro Resources Ltd?

    The Stock P/E of Gokul Agro Resources Ltd is 23.1.

    What is the Book Value of Gokul Agro Resources Ltd?

    The Book Value of Gokul Agro Resources Ltd is 61.9.

    What is the Dividend Yield of Gokul Agro Resources Ltd?

    The Dividend Yield of Gokul Agro Resources Ltd is 0.00 %.

    What is the ROCE of Gokul Agro Resources Ltd?

    The ROCE of Gokul Agro Resources Ltd is 23.4 %.

    What is the ROE of Gokul Agro Resources Ltd?

    The ROE of Gokul Agro Resources Ltd is 18.9 %.

    What is the Face Value of Gokul Agro Resources Ltd?

    The Face Value of Gokul Agro Resources Ltd is 2.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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 Gokul Agro Resources 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