Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:59 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532980 | NSE: GOKUL

Gokul Refoils and Solvent Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹23.15Overvalued by 38.76%vs CMP ₹37.80

P/E (19.4) × ROE (4.1%) × BV (₹35.50) × DY (2.00%)

₹44.42Undervalued by 17.51%vs CMP ₹37.80
MoS: +14.9% (Thin)Confidence: 37/100 (Low)Models: 2 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹21.7329%Over (-42.5%)
Graham NumberEarnings₹39.4721%Fair (+4.4%)
Net Asset ValueAssets₹35.589%Fair (-5.9%)
EV/EBITDAEnterprise₹4.5512%Over (-88%)
Earnings YieldEarnings₹19.509%Over (-48.4%)
ROCE CapitalReturns₹97.1312%Under (+157%)
Revenue MultipleRevenue₹177.387%Under (+369.3%)
Consensus (7 models)₹44.42100%Undervalued
Key Drivers: ROE 4.1% is below cost of equity. | Wide model spread (₹5–₹177) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.2%

*Investments are subject to market risks

Investment Snapshot

54
Gokul Refoils and Solvent Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health43/100 · Moderate
ROCE 8.4% AverageROE 4.1% WeakD/E 1.02 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 2% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +22% YoY AcceleratingProfit (4Q): +26% YoY Strong
Industry Rank40/100 · Moderate
P/E 19.4 vs industry 263.2 Cheaper than peersROCE 8.4% vs industry 14.3% Below peersROE 4.1% vs industry 12.9% Below peers3Y sales CAGR: 5% Slow

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, 2:59 am

Market Cap 374 Cr.
Current Price 37.8
Intrinsic Value₹44.42
High / Low 54.0/31.0
Stock P/E19.4
Book Value 35.5
Dividend Yield0.00 %
ROCE8.40 %
ROE4.12 %
Face Value 2.00
PEG Ratio-3.15

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

View Share Price Target for Gokul Refoils and Solvent Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Gokul Refoils and Solvent Ltd 374 Cr. 37.8 54.0/31.019.4 35.50.00 %8.40 %4.12 % 2.00
Modi Naturals Ltd 403 Cr. 303 610/25210.4 1070.00 %18.7 %29.2 % 10.0
Jayant Agro Organics Ltd 484 Cr. 162 290/14711.0 1961.55 %12.6 %9.82 % 5.00
MK Proteins Ltd 164 Cr. 4.37 9.78/3.5619.3 1.960.00 %12.9 %12.4 % 1.00
Ajanta Soya Ltd 154 Cr. 19.2 51.9/16.010.6 20.60.00 %26.8 %18.1 % 2.00
Industry Average11,412.83 Cr130.95263.2137.260.19%14.31%12.90%4.29

All Competitor Stocks of Gokul Refoils and Solvent Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 779.41545.61863.25588.02927.43807.13697.41788.05855.971,006.76860.07926.431,062.65
Expenses 765.35535.55845.72576.76909.51794.37693.16779.64844.39999.73850.74912.581,054.29
Operating Profit 14.0610.0617.5311.2617.9212.764.258.4111.587.039.3313.858.36
OPM % 1.80%1.84%2.03%1.91%1.93%1.58%0.61%1.07%1.35%0.70%1.08%1.49%0.79%
Other Income 2.472.740.032.99-15.542.709.995.405.437.3810.232.978.45
Interest 6.286.067.558.446.119.569.187.928.529.137.798.819.64
Depreciation 1.782.032.262.422.592.612.752.692.093.803.022.712.76
Profit before tax 8.474.717.753.39-6.323.292.313.206.401.488.755.304.41
Tax % 7.91%27.81%23.10%25.37%-25.79%38.60%15.58%23.44%19.53%60.81%24.11%27.36%19.95%
Net Profit 7.803.405.972.53-4.702.021.962.445.140.586.643.863.52
EPS in Rs 0.790.340.600.26-0.470.200.200.250.520.060.670.390.36

Last Updated: January 1, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,3495,8653,4131,8541,9872,1972,1592,4643,0533,1373,0193,5103,925
Expenses 6,2945,7633,3601,8211,9702,1632,1212,4243,0133,0812,9733,4743,883
Operating Profit 551025333173338404056463642
OPM % 1%2%2%2%1%2%2%2%1%2%2%1%1%
Other Income 8350201133232312211002828
Interest 901084232333229201827333334
Depreciation 3733144556568101211
Profit before tax 101217812192727373132026
Tax % 65%24%34%68%27%35%26%24%28%23%32%25%
Net Profit 491129122020272421519
EPS in Rs 0.270.700.850.180.690.921.502.072.682.440.181.501.95
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%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 (%)125.00%22.22%-81.82%350.00%33.33%66.67%0.00%35.00%-11.11%-91.67%650.00%
Change in YoY Net Profit Growth (%)0.00%-102.78%-104.04%431.82%-316.67%33.33%-66.67%35.00%-46.11%-80.56%741.67%

Gokul Refoils and Solvent 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:-5%
5 Years:10%
3 Years:5%
TTM:13%
Compounded Profit Growth
10 Years:8%
5 Years:-7%
3 Years:-20%
TTM:-16%
Stock Price CAGR
10 Years:8%
5 Years:19%
3 Years:7%
1 Year:-21%
Return on Equity
10 Years:5%
5 Years:6%
3 Years:4%
Last Year:4%

Last Updated: September 5, 2025, 5:10 am

Balance Sheet

Last Updated: December 4, 2025, 1:18 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 26262626262626202020202020
Reserves 341352251254247259279258284308310325332
Borrowings 651597130695309263232283368425282280339
Other Liabilities 1,1351,0536528957586014416991127143212
Total Liabilities 2,1542,0291,0591,065639607597704841844739768903
Fixed Assets 3313462532316968738084109108113109
CWIP 7813532222704
Investments 123373068364239243374604376
Other Assets 1,6941,637775762530494483598721659564612714
Total Assets 2,1542,0291,0591,065639607597704841844739768903

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 312-2603904111172656-72925617
Cash from Investing Activity + 17218753-28280-089-7-2217-5
Cash from Financing Activity + -583-89-504-28-417-78-62-166627-123-35
Net Cash Flow -99-162-62-15-27-611-0-1397-51-23
Free Cash Flow 292-309385363597061-2-8463438
CFO/OP 572%-252%744%106%727%233%182%30%-154%179%130%55%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-596.00-495.00-77.00-662.00-292.00-230.00-194.00-243.00-328.00-369.00-236.00-244.00

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 303524351617151620161617
Inventory Days 253831633925294543312724
Days Payable 67686910754141981514
Cash Conversion Cycle -125-14884838404644392827
Working Capital Days -30-11-15-3011141812101912
ROCE %7%12%8%6%9%8%10%9%9%8%8%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 71.79%71.79%71.79%73.01%73.01%74.62%74.62%74.62%72.80%72.80%72.80%72.80%
FIIs 0.20%0.09%0.09%0.23%0.33%0.23%0.30%0.31%0.29%0.29%0.29%0.28%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public 28.00%28.11%28.11%26.76%26.66%25.15%25.08%25.06%26.90%26.91%26.90%26.91%
No. of Shareholders 27,54326,50226,00326,10027,40025,85924,80223,38122,70622,54822,47922,022

Shareholding Pattern Chart

No. of Shareholders

Gokul Refoils and Solvent 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 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 1.500.182.442.682.07
Diluted EPS (Rs.) 1.500.182.442.682.07
Cash EPS (Rs.) 2.671.233.223.312.61
Book Value[Excl.RevalReserv]/Share (Rs.) 34.8133.3333.1530.7028.01
Book Value[Incl.RevalReserv]/Share (Rs.) 34.8133.3333.1530.7028.01
Revenue From Operations / Share (Rs.) 354.65305.05316.84308.40248.97
PBDIT / Share (Rs.) 6.556.546.686.165.28
PBIT / Share (Rs.) 5.375.495.905.534.74
PBT / Share (Rs.) 2.000.263.173.712.72
Net Profit / Share (Rs.) 1.500.182.442.682.07
NP After MI And SOA / Share (Rs.) 1.500.182.442.682.07
PBDIT Margin (%) 1.842.142.101.992.12
PBIT Margin (%) 1.511.791.861.791.90
PBT Margin (%) 0.560.081.001.201.09
Net Profit Margin (%) 0.420.060.760.860.82
NP After MI And SOA Margin (%) 0.420.060.760.860.82
Return on Networth / Equity (%) 4.290.547.358.727.37
Return on Capital Employeed (%) 14.6515.4216.4717.8016.69
Return On Assets (%) 1.920.242.863.152.90
Long Term Debt / Equity (X) 0.020.040.050.000.00
Total Debt / Equity (X) 0.801.001.281.211.02
Asset Turnover Ratio (%) 4.663.823.720.020.02
Current Ratio (X) 1.471.471.341.321.40
Quick Ratio (X) 0.920.920.830.680.73
Inventory Turnover Ratio (X) 16.2810.879.600.000.00
Interest Coverage Ratio (X) 1.941.942.443.392.61
Interest Coverage Ratio (Post Tax) (X) 1.441.611.892.482.02
Enterprise Value (Cr.) 640.34603.37568.04624.75396.67
EV / Net Operating Revenue (X) 0.180.190.180.200.16
EV / EBITDA (X) 9.889.338.5910.257.58
MarketCap / Net Operating Revenue (X) 0.120.110.080.100.07
Price / BV (X) 1.231.050.791.040.64
Price / Net Operating Revenue (X) 0.120.110.080.100.07
EarningsYield 0.030.010.090.080.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Gokul Refoils & Solvent Ltd. is a Public Limited Listed company incorporated on 29/12/1992 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L15142GJ1992PLC018745 and registration number is 018745. 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. 10.57 Cr. and Equity Capital is Rs. 19.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Edible Oils & Solvent ExtractionState Highway No. 41, Near Sujanpur Patia, Sidhpur Gujarat 384151Contact not found
Management
NamePosition Held
Mr. Dharmendrasinh RajputManaging Director
Mr. Arjunsinh RajputExecutive Director
Mr. Shaunak MandaliaDirector
Mr. Jayendrasinh GhariaIndependent Director
Mr. Parth Pareshbhai ShahIndependent Director
Mrs. Chetna R VyasIndependent Director

FAQ

What is the intrinsic value of Gokul Refoils and Solvent Ltd and is it undervalued?

As of 09 April 2026, Gokul Refoils and Solvent Ltd's intrinsic value is ₹44.42, which is 17.51% higher than the current market price of ₹37.80, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.12 %), book value (₹35.5), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gokul Refoils and Solvent Ltd?

Gokul Refoils and Solvent Ltd is trading at ₹37.80 as of 09 April 2026, with a FY2026-2027 high of ₹54.0 and low of ₹31.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹374 Cr..

How does Gokul Refoils and Solvent Ltd's P/E ratio compare to its industry?

Gokul Refoils and Solvent Ltd has a P/E ratio of 19.4, which is below the industry average of 263.21. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Gokul Refoils and Solvent Ltd financially healthy?

Key indicators for Gokul Refoils and Solvent Ltd: ROCE of 8.40 % is on the lower side compared to the industry average of 14.31%; ROE of 4.12 % is below ideal levels (industry average: 12.90%). Dividend yield is 0.00 %.

Is Gokul Refoils and Solvent Ltd profitable and how is the profit trend?

Gokul Refoils and Solvent Ltd reported a net profit of ₹15 Cr in Mar 2025 on revenue of ₹3,510 Cr. Compared to ₹27 Cr in Mar 2022, the net profit shows a declining trend.

Does Gokul Refoils and Solvent Ltd pay dividends?

Gokul Refoils and Solvent Ltd has a dividend yield of 0.00 % at the current price of ₹37.80. 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 Gokul Refoils and Solvent 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
Explore Industry-wise Stock Analysis Reports