BSE: 0 | NSE: GOYALSALT | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Goyal Salt Ltd is a below average quality company.
The key valuation ratios of Goyal Salt Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Goyal Salt Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 8.5% | 9.1% | 24.8% | 34.9% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | 0.8 | 1.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 60.1 | 66.1 | 118 | 118 | 118 |
| Sales YoY Gr. | - | 10.1% | 78% | 0.1% | - |
| Adj EPS ⓘ | 0.6 | 0.5 | 2.7 | 2.8 | 5.3 |
| YoY Gr. | - | -7.3% | 433.3% | 3.7% | - |
| BVPS (₹) ⓘ | 9.4 | 9.8 | 12.5 | 23.6 | 23.6 |
| Adj Net Profit ⓘ | 0.7 | 0.6 | 3.5 | 5.1 | 9 |
| Cash Flow from Ops. ⓘ | -4.3 | 4.7 | -2.1 | 15.5 | - |
| Debt/CF from Ops. ⓘ | -3 | 2.3 | -4.4 | 0.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 25.2% | 0.1% | ||||
| Adj EPS ⓘ | NA | NA | 72.4% | 3.7% | ||||
| BVPSⓘ | NA | NA | 36% | 89.1% | ||||
| Share Price | - | - | - | 30.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.9 | 5.3 | 25.4 | 17.3 | 22.4 |
| Op. Profit Mgn % ⓘ | 4.7 | 4.5 | 5.7 | 6.3 | NAN |
| Net Profit Mgn % ⓘ | 1.1 | 0.9 | 3 | 4.3 | 8 |
| Debt to Equity ⓘ | 1.2 | 0.9 | 0.6 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 119 | 70 | 85 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 85 | 50 | 60 | 0 |
Return on Equity has increased versus last 3 years average to 22.40%
Sales growth is growing at healthy rate in last 3 years 25.16%
Net Profit is growing at healthy rate in last 3 years 72.44%
Debt to equity has declined versus last 3 years average to 0.13
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.3 | - |
| TTM Sales (₹ Cr.) | 118 | - |
| BVPS (₹.) ⓘ | 23.6 | - |
| Reserves (₹ Cr.) ⓘ | 24 | - |
| P/BV ⓘ | 8.32 | - |
| PE ⓘ | 37.12 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 351 |
| Equity (₹ Cr.) | 17.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 65.3 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 60 | 66 | 118 | 118 |
| Operating Expenses ⓘ | 57 | 63 | 111 | 110 |
| Manufacturing Costs | 20 | 18 | 24 | 23 |
| Material Costs | 32 | 39 | 83 | 83 |
| Employee Cost | 2 | 2 | 2 | 2 |
| Other Costs ⓘ | 4 | 4 | 2 | 2 |
| Operating Profit ⓘ | 3 | 3 | 7 | 7 |
| Operating Profit Margin (%) | 4.7% | 4.5% | 5.7% | 6.3% |
| Other Income ⓘ | 0 | 0 | 0 | 6 |
| Interest ⓘ | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 1 | 5 | 12 |
| Tax ⓘ | 0 | 0 | 1 | 3 |
| Profit After Tax | 1 | 1 | 4 | 9 |
| PAT Margin (%) | 1.1% | 0.9% | 3.0% | 8.0% |
| Adjusted EPS (₹) | 0.6 | 0.5 | 2.7 | 5.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 11 | 12 | 16 | 42 | ||||||
| Share Capital ⓘ | 2 | 2 | 11 | 18 | ||||||
| Reserves ⓘ | 9 | 10 | 5 | 24 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 12 | 11 | 9 | 6 | ||||||
| Long Term Debt | 1 | 1 | 0 | 0 | ||||||
| Short Term Debt | 11 | 9 | 9 | 6 | ||||||
| Trade Payables | 3 | 4 | 3 | 2 | ||||||
| Others Liabilities ⓘ | 1 | 1 | 2 | 3 | ||||||
| Total Liabilities ⓘ | 27 | 27 | 30 | 53 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 13 | 14 | 15 | 20 | ||||||
| Accumulated Depreciation | 8 | 9 | 9 | 10 | ||||||
| Net Fixed Assetsⓘ | 5 | 6 | 6 | 10 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 4 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 8 | ||||||
| Inventories | 5 | 5 | 5 | 5 | ||||||
| Trade Receivables | 14 | 14 | 16 | 19 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 0 | ||||||
| Others Assetsⓘ | 3 | 2 | 4 | 7 | ||||||
| Total Assets ⓘ | 27 | 27 | 30 | 53 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4 | 5 | -2 | 15 |
| PBT ⓘ | 1 | 1 | 5 | 12 |
| Adjustment ⓘ | 2 | 2 | -4 | 13 |
| Changes in Working Capital ⓘ | -7 | 2 | -3 | -8 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -2 | -17 |
| Capex | -1 | -1 | -1 | -10 |
| Net Investments | 0 | 0 | 0 | -7 |
| Others ⓘ | 0 | 0 | -1 | 0 |
| Cash Flow From Financing Activityⓘ | 5 | -3 | 4 | 2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 9 | 7 |
| Net Proceeds from Borrowing ⓘ | -2 | 0 | -1 | 0 |
| Interest Paid ⓘ | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 9 | -3 | -2 | -5 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.08 | 5.48 | 25.36 | 32.37 | ||||||
| ROCE (%) | 8.49 | 9.09 | 24.8 | 34.92 | ||||||
| Asset Turnover Ratio | 2.2 | 2.42 | 4.1 | 2.83 | ||||||
| PAT to CFO Conversion(x) | -4 | 5 | -0.5 | 1.67 | Working Capital Days | |||||
| Receivable Days | 83 | 77 | 46 | 53 | ||||||
| Inventory Days | 29 | 28 | 15 | 14 | ||||||
| Payable Days | 30 | 33 | 16 | 10 | ||||||
Goyal Salt was originally incorporated as ‘Goyal Salt Private Limited’ at Jaipur as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 26, 2010, issued by the RoC, Rajasthan. Subsequently, the company was converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by its Shareholders at their extra-ordinary general meeting held on April 29, 2023. Consequently, the name of the company was changed to ‘Goyal Salt Limited’ and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the company by the RoC, Jaipur on May 18, 2023.
The company is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. The company refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt. Its refining process does not involve any adulteration from chemical and harmful substances. It has well equipped refinery at Nawa City, adjacent to famous Sambhar Lake. Its refinery complex area is situated in Nawa and have dedicated space for the refining of salts, storage of raw salts procured from sub soil brine and packaging of refined salts. It has a team of well qualified and dedicated technical man power for quality control, production, efficiency, maintenance, research and maintenance, finance and accounting.
The raw material required to process refined salt is raw salt itself. The company sources its raw material mainly from the open market purchases which is around 75% of the total requirement of raw salt required by it for all its products which are Refined Free Flow Iodized Salt, Refined Free Flow Industrial Salt, Double Fortified Salt and Refined Half Dry Salt. The Company also produces/supplies industrial salt. Industrial salt are in high demand due to the diversity of applications in the soap and detergent industries, textile and dyeing industries to industries producing glass, polyester, plastics, rubber and leather and as well as in the chemical industry. Salt assists in cleaning gas and oil wells and is an essential component in the manufacture of paper, tires, brass, bleach and case-hardened steel.
Business area of the company
The company is engaged in the business of refining of raw salts procured from lake brine and sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. The company refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt.
Products of the company
Awards, accreditations or recognition
History and milestones
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