Is GOCL Corporation a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that GOCL Corporation Ltd is a below average quality company .

Is GOCL Corporation undervalued or overvalued?

The key valuation ratios of GOCL Corporation Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is GOCL Corporation share price return in the past 10 years?

GOCL Corporation Ltd share price has appreciated 9.1% annually (CAGR) over the past ten years.

Is GOCL Corporation a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GOCL Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

GOCL Corporation Ltd - Stock Valuation and Financial Performance

Name: GOCL Corporation
Brand: GOCL Corporation

BSE: 506480 | NSE: GOCLCORP | Chemicals | Small Cap

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GOCL Corporation Share Price

₹367.40 -14.35 -3.76%
as on 20-Dec'24 16:59

10 Year X-Ray of GOCL Corporation:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9%	7.9%	8.1%	8%	7.8%	1.4%	14.7%	14.5%	67.1%	9%	-
Value Creation Index ⓘ	-0.4	-0.4	-0.4	-0.4	-0.5	-0.9	0.1	0.0	3.8	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	109	102	101	88.3	98.6	96.3	97.7	121	175	120	84
Sales YoY Gr.	-	-6.6%	-1.6%	-12.1%	11.6%	-2.4%	1.5%	24.1%	44.4%	-31.4%	-
Adj EPS ⓘ	4.6	2.6	3.8	4.2	5.5	0.4	9.8	9.5	6	8.7	11.7
YoY Gr.	-	-44.4%	49%	11.3%	30%	-93.3%	2559.5%	-3.2%	-37.6%	45.4%	-
BVPS (₹) ⓘ	67.4	69.3	74.4	75.9	77.8	75.8	79.7	85.3	129	127.2	131.9
Adj Net Profit ⓘ	22.8	12.6	18.8	21	27.2	1.8	48.8	47.2	29.5	42.9	58
Cash Flow from Ops. ⓘ	-4.3	17.6	3.3	-5.2	14.9	6.9	30.7	8.1	-75	1	-
Debt/CF from Ops. ⓘ	-2.4	0.2	0.1	-1.9	0.3	0.8	0.1	0.4	0	1.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.1%	4%	7.2%	-31.4%
Adj EPS ⓘ	7.3%	9.5%	-4.2%	45.4%
BVPSⓘ	7.3%	10.3%	16.9%	-1.4%
Share Price	9.1%	5.7%	6.4%	-29.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	2.1	1.3	2.7	5.6	7.2	0.5	12.7	11.6	5.6	6.8	9
Op. Profit Mgn % ⓘ	9.9	4.2	-6.3	-6.1	-7.9	-6.2	-4.8	-5.4	3.5	-6.8	-53.5
Net Profit Mgn % ⓘ	20.8	12.4	18.7	23.7	27.6	1.9	49.9	39	16.9	35.7	69.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	935	485	453	516	455	553	663	871	932	1,628	1,916
Cash Conv. Cycle ⓘ	411	192	128	88	77	67	47	44	33	66	1,756

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.00%

Sales growth has been subdued in last 3 years 7.15%

Net Profit has been subdued in last 3 years -4.21%

Sales growth is not so good in last 4 quarters at -48.64%

Latest Financials - GOCL Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.7	12.5
TTM Sales (₹ Cr.)	83.7	655
BVPS (₹.) ⓘ	131.9	291.3
Reserves (₹ Cr.) ⓘ	664	1,434
P/BV ⓘ	2.78	1.26
PE ⓘ	31.39	29.34

From the Market
52 Week Low / High (₹)	330.00 / 548.50
All Time Low / High (₹)	1.96 / 700.00
Market Cap (₹ Cr.)	1,821
Equity (₹ Cr.)	9.9
Face Value (₹)	2
Industry PE ⓘ	57.2

Management X-Ray of GOCL Corporation:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of GOCL Corporation

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of GOCL Corporation

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	109	102	101	88	99	96	98	121	175	120
Operating Expenses ⓘ	99	98	107	94	106	102	102	128	169	131
Manufacturing Costs	25	27	19	15	16	18	17	22	25	20
Material Costs	25	19	33	31	38	35	27	35	62	42
Employee Cost	25	27	28	23	24	23	23	28	33	31
Other Costs ⓘ	23	25	28	24	28	26	35	43	49	38
Operating Profit ⓘ	11	4	-7	-5	-8	-6	-5	-7	6	-11
Operating Profit Margin (%)	9.9%	4.2%	-6.7%	-6.1%	-7.9%	-6.2%	-4.8%	-5.4%	3.5%	-9.0%
Other Income ⓘ	24	21	30	33	32	14	65	70	356	74
Interest ⓘ	2	1	1	1	2	2	2	1	1	1
Depreciation ⓘ	1	2	2	2	2	3	3	4	5	6
Exceptional Items ⓘ	10	4	7	4	8	0	0	0	0	0
Profit Before Tax ⓘ	42	26	28	29	29	3	56	58	356	56
Tax ⓘ	11	8	7	6	1	1	7	11	123	15
Profit After Tax	31	18	21	23	28	2	49	48	233	41
PAT Margin (%)	28.1%	17.2%	21.0%	25.9%	28.3%	2.4%	50.2%	39.3%	133.0%	34.3%
Adjusted EPS (₹)	6.2	3.6	4.3	4.6	5.6	0.5	9.9	9.6	47.0	8.3
Dividend Payout Ratio (%)	32%	42%	38%	35%	36%	854%	61%	52%	21%	48%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,007	1,017	369	376	386	376	395	423	639	631
Share Capital ⓘ	10	10	10	10	10	10	10	10	10	10
Reserves ⓘ	998	1,007	359	366	376	366	385	413	629	621
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	10	4	0	10	5	5	3	3	0	1
Long Term Debt	1	0	0	0	0	0	0	0	0	0
Short Term Debt	9	3	0	10	5	5	3	3	0	1
Trade Payables	22	17	19	16	22	21	23	26	26	19
Others Liabilities ⓘ	109	105	127	112	110	152	148	384	159	249
Total Liabilities ⓘ	1,148	1,142	515	514	522	554	570	836	825	900
Fixed Assets
Gross Block	1,036	1,021	17	22	25	34	38	46	56	40
Accumulated Depreciation	89	73	2	3	4	7	10	12	16	9
Net Fixed Assetsⓘ	947	948	15	19	21	27	28	35	40	31
CWIP ⓘ	13	13	13	14	13	13	12	1	1	2
Investmentsⓘ	26	26	38	35	36	36	37	80	38	40
Inventories	52	50	16	20	21	18	18	27	26	23
Trade Receivables	35	24	26	17	21	17	19	18	24	21
Cash Equivalents	12	18	21	32	35	16	11	20	32	25
Others Assetsⓘ	63	64	385	377	375	427	444	656	665	758
Total Assets ⓘ	1,148	1,142	515	514	522	554	570	836	825	900

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-4	18	3	-5	15	7	31	8	-75	1
PBT ⓘ	42	26	28	29	29	3	56	58	356	56
Adjustment ⓘ	-19	-10	-18	-19	-21	-2	-24	-26	-308	-27
Changes in Working Capital ⓘ	-23	9	-2	-9	15	7	8	-12	-7	-10
Tax Paid ⓘ	-4	-7	-4	-6	-8	-2	-9	-12	-116	-18
Cash Flow From Investing Activity ⓘ	16	9	1	2	8	10	5	12	97	46
Capex	-8	1	1	-3	-6	-7	-4	-8	211	-2
Net Investments	10	3	-12	12	-2	12	-28	-11	-8	5
Others ⓘ	14	6	12	-7	17	5	38	31	-106	43
Cash Flow From Financing Activityⓘ	-4	-19	-13	0	-24	-14	-34	-22	-19	-49
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	1	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-2	-1	-1	-1	-2	-2	-2	-1	-1	-1
Dividend Paid ⓘ	0	-10	-7	-8	-18	-10	-30	-20	-15	-50
Others ⓘ	-3	-8	-5	9	-5	-2	-3	0	-3	1
Net Cash Flow ⓘ	7	7	-9	-3	-1	2	2	-1	3	-2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.72	5.2	5.92	6.15	7.31	0.61	12.72	11.67	43.85	6.49
ROCE (%)	8.95	7.85	8.06	7.98	7.76	1.39	14.69	14.5	67.06	8.95
Asset Turnover Ratio	0.09	0.09	0.13	0.17	0.19	0.18	0.17	0.17	0.21	0.14
PAT to CFO Conversion(x)	-0.13	1	0.14	-0.22	0.54	3.5	0.63	0.17	-0.32	0.02
Working Capital Days
Receivable Days	287	99	85	87	69	73	68	55	43	68
Inventory Days	394	171	111	73	75	74	67	67	54	74
Payable Days	979	357	197	203	170	207	288	254	155	199

GOCL Corporation Ltd Stock News

GOCL Corporation Ltd FAQs

What is the share price of GOCL Corporation?

Company share prices are keep on changing according to the market conditions. The closing price of GOCL Corporation on 20-Dec-2024 16:59 is ₹367.4.

What is the market cap of GOCL Corporation?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of GOCL Corporation stood at ₹1,821.3.

What is the P/E ratio of GOCL Corporation?

The latest P/E ratio of GOCL Corporation as of 20-Dec-2024 16:59 is 31.39.

What is the P/B ratio of GOCL Corporation?

The latest P/B ratio of GOCL Corporation as of 20-Dec-2024 16:59 is 2.78.

What is the 52-week high and low of GOCL Corporation?

The 52-week high of GOCL Corporation is ₹548.5 and the 52-week low is ₹330.0.

What is the TTM revenue of GOCL Corporation?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GOCL Corporation is ₹83.72 ( Cr.) .

About GOCL Corporation Ltd

The Chemical Hub of Hinduja Group was created with Gulf Oil India Limited merging with IDL Industries Limited from January 01, 2002. The merger has enabled the company to leverage the large marketing networks of lubricants and industrial explosives businesses and achieve a turnover for the financial year 2008-09 of Rs 1,000 crore ($200 million). Exports accounted for 5% of the turnover.

IDL Industries Limited was renamed as GULF OIL Corporation Limited with the merger of Gulf Oil Indiaâ€™s business. A property Development Division was started in the Company from 2006. With effect from April 1, 2008 the business of specialty chemicals Division has been transferred to a 100% subsdiary - IDL Speciality Chemicals Limited through a scheme of arrangement sanctioned by the High Court of Andhra Pradesh at Hyderabad.

Gulf Oil Corporation (GOCL) is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations. Gulf has an agreement with GULF Oil International (Mauritius) Inc for trademarks licence and technical know-how. It introduced range of GULFâ€™s international products in India. In 1994 subsidiary company of GOCL was set up under the name GULF CareX India (GCIL) India in technical collaboration with SIPAL Arexons SpA, Italy. SIPAL Arexons SpA is engaged manufacture and marketing of wide range of vehicle maintenance products and is part of Fiat Group Companies. GULF CareX India introduced product range of 'Do-it-yourself' that keep the vehicle fit.

In 1995 the company set up its first State-of-the-art blending plant at Silvassa. This plant has a capacity of producing 75,000 tpa of lubricating oil. In 1996 the name of GULF CareX was changed to GULF Carosserie India. In the same year GOCL was merged with Pita Ashish Oils & Lubricants

GCIL started production of greases in 1997. During 1997 the second manufacturing facility was started at Calcutta under blending and filling arrangements to cater to Eastern and North-eastern locations.

Products

Lubricants

The division was started in 1993 to manufacture and market lubricating oil and greases. Within a short span of seven years, the Division has grown to become the second largest lubricant oil manufacturer in the private sector in India. The Gulf brand today is one of the best known brands with an expansive distribution network spread across the length and breadth of the country.

With the wealth of the knowledge and experience of its principal, Gulf Oil International, including a vast database of formulations running into thousands, the Lubricants Division is well placed to cater to all possible applications in the lube sector. The state of the art PLC controlled manufacturing facility ensures highest product quality and reliability enabling the division to export its product to many countries in Asia.

The Division is a regular supplier to almost all major automobile and tractor manufacturers in the country and is approved by almost all major original equipment manufacturers. With the recent marketing initiatives undertaken by the Division, it is poised to take a significant share of the lubricating oil market in the country and neighbouring countries.

Over the last 2 years, this Division has been steadily diversifying into automotive accessories such as various types of automotive filters and mechanic services in large metropolitan cities for maintenance of passenger cars. It is also supplying automatic greasing equipments to large garages which are now handling large number of transport vehicles due to phenomenal increase in the medium and heavy transport vehicles over the last 2-3 years in India.

Industrial Explosives Division

The Division has the country's largest explosives and detonators manufacturing facilities (9 manufacturing plants and 6 bulk explosives support facilities) around India. Its Hyderabad Plant is one of the largest detonator manufacturing facilities in the world (192 million nos per annum). The other plants manufacture cartridge explosives as well as intermediaries for site mix explosives.

The Division employs well-qualified, trained and experienced team of mining engineers, operating in various regions of the Indian subcontinent with offices in Hyderabad, Rourkela, Ahmedabad, Asansol, Barbil, Bilaspur, Chandigarh, Dhanbad, Guwahati, Kolkata, Nagpur, Ramagundam, Ranchi, Satna, Siliguri, Singrauli, Talcher and Udaipur, supporting a nationwide distribution.

A well-equipped and well-staffed R&D wing has succeeded in developing new products in line with customer demands and in obtaining a large number of explosives related patents in India and abroad. The R&D wing has been able to commercialize several products for defense and space applications, explosively bonded clad metal plates for chemical industries and ship building and recently electronically programmable detonators used for precision blasting in mines.

The Division is the countryâ€™s largest exporter of explosives and detonators (CE Certified) to 25 countries, which includes countries in the Far East, South East Asia, Southern Asia, West Asia, Gulf, Middle East, North Africa and Southern Europe.

In 2014 the company got the approval of the demerger of the Lubricants business of the Company, Gulf Oil Corporation Limited (GOCL) into a separate company ( wholly owned subsidiary of the Company ) namely Gulf Oil Lubricants India Limited ( GOLIL ).

Mining & Infrastructure Contracts Division

Mining Contracts

Observing the need of efficient and well planned mining operations, IDLconsult division was formed in 2001. Since then the Division has expanded its services in coal, iron ore, manganese, limestone mines. The Division plans and operates the mines and currently handling about 60 million tonnes of rock and ore annually.

The Division has also started taking up mineral screening and crushing in the iron ore sector and planning for coal washeries in the near future. The company has prestigious contracts with:

Coal India Limited, Kolkata
Singareni Collieries Company Limited, Hyderabad
National Mineral Development Corporation Limited, Hyderabad
Aditya Birla Group, Mumbai
Tata Steel Limited, Jamshedpur
Patnaik Minerals, Orissa
Adhunik Metalliks Group, Kolkata

Infrastructure Contracts

Projects executed / under execution:
Large R&D building for Reliance Industries at Jamnagar, Gujarat
Bridges and Culverts for Outer Ring Road Project in Hyderabad
Various Quarry operations in the Road Projects under NHAI
Advanced engineering work in Delhi Metro by controlled underground blasting
Controlled demolition activities in Hyderabad and Kolkata by implosion techniques
Infrastructure development for alumina plant in Orissa. The work involves piling, construction of plants, workshop, residential colony, bridges for railway and roads.

The Division has plans to undertake various infrastructure activities in line with the growth plans of the Indian Government.

Property Development

The company has large land bank. Properties are mainly situated at Bangalore (Bengaluru) and Hyderabad. Development of these properties is being taken up progressively as opportunities are identified to unlock shareholder value and fund major expansion projects.

Milestones

2014

Gulf Oil Corporation demerges into two listed companies

2010

Gulf SUPERFLEET LE Max becomes India's first engine oil with a drain interval of 40,000 km

2008

Gulf Oil wins SAP ACE award for best implementation
The company undertakes mining related infrastructure works at Rayagada, Orissa.
The company equips itself with a state-of-art 3D scanner

2009

The company wins Best Employer Brand Award, Oil & Gas - Private Sector for the year 2009-10

2011

The company, which hived off its explosives business into a wholly-owned subsidiary last year, would induct a strategy partner by end 0f 2011. With margins coming under pressure due to high interest rates and increasing costs, the company would be de-risking its business strategy foraying into property development and cutting losses in mining business.
The company, which has a lubricants manufacturing plant at Silvassa, plans to set up a second plantin South India at an investment of Rs 150 crore.