MarketFriction

Goblin India Ltd

BSE 542850 · Gems, Jewellery And Watches
₹12.24 -4.97%
BSE close2026-10-01
Market cap₹18.7 Cr.
P/E8.10

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales16.4922.927.5111.2617.7518.5022.0222.4124.9530.3724.9230.46
Expenses17.2521.297.1413.0317.9417.1020.4020.2821.6030.1522.7529.02
Operating Profit-0.761.630.37-1.77-0.191.401.622.133.350.222.171.44
OPM %-4.61%7.11%4.93%-15.72%-1.07%7.57%7.36%9.50%13.43%0.72%8.71%4.73%
Other Income0.010.010.142.031.662.281.270.611.360.830.820.75
Interest0.841.590.881.151.411.551.331.281.170.960.810.70
Depreciation0.210.210.150.130.080.310.330.370.320.340.290.31
Profit before tax-1.80-0.16-0.52-1.02-0.021.821.231.093.22-0.251.891.18
Tax %0.00%-18.75%0.00%5.88%0.00%6.04%0.00%-14.68%0.00%-172.00%18.52%34.75%
Net Profit-1.80-0.13-0.51-1.08-0.021.711.221.253.220.191.540.77
EPS in Rs-1.72-0.12-0.49-1.03-0.021.320.880.902.330.141.110.56
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales52.3360.7168.2870.7739.4118.7736.2544.4355.3255.38
Expenses49.7855.1861.4963.6338.5420.1735.0440.6751.6851.77
Operating Profit2.555.536.797.140.87-1.401.213.763.643.61
OPM %4.87%9.11%9.94%10.09%2.21%-7.46%3.34%8.46%6.58%6.52%
Other Income0.050.200.140.150.022.173.941.882.191.57
Interest1.611.792.441.962.432.032.962.622.131.51
Depreciation0.180.180.300.370.420.280.390.710.650.60
Profit before tax0.813.764.194.96-1.96-1.541.802.313.053.07
Tax %20.99%17.55%17.66%14.52%-1.53%3.90%6.11%-6.93%20.33%24.76%
Net Profit0.633.093.454.24-1.93-1.601.692.482.422.31
EPS in Rs9.2845.5350.844.06-1.85-1.531.311.791.751.67
Dividend Payout %0.00%0.55%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%7%15%0%
Compounded Profit Growth%26%81%27%
Stock Price CAGR%-7%-38%-13%
Return on Equity6%3%5%5%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.680.680.6810.4410.4410.4412.9413.8213.8213.82
Reserves1.343.707.3017.8615.3913.8518.3826.8129.3432.44
Borrowings16.8618.8323.1520.4623.8827.5327.0021.7013.0414.06
Other Liabilities3.9510.075.675.318.4110.7014.529.9125.4527.71
Total Liabilities22.8333.2836.8054.0758.1262.5272.8472.2481.6588.03
Fixed Assets1.561.422.022.274.343.946.806.533.573.06
CWIP0.000.000.000.000.000.000.000.000.000.00
Investments0.000.000.002.500.000.000.000.000.000.00
Other Assets21.2731.8634.7849.3053.7858.5866.0465.7178.0884.97
Total Assets22.8333.2836.8054.0758.1262.5272.8472.2481.6588.03
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1.811.82-1.29-7.54-3.04-7.441.711.238.201.07
Cash from Investing Activity-0.11-0.02-0.90-3.290.000.26-3.01-0.442.31-0.09
Cash from Financing Activity-0.97-2.081.6911.242.327.131.27-0.79-9.78-0.42
Net Cash Flow0.72-0.28-0.500.41-0.72-0.05-0.03-0.010.730.56
Free Cash Flow1.681.78-2.19-8.16-3.06-7.45-1.880.798.010.98
CFO/OP78%45%-8%-95%-349%531%141%33%237%51%
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days76.6590.7883.4598.51224.41393.59304.99258.94210.87179.80
Inventory Days57.9885.84107.74158.08233.42388.77209.37177.56227.27226.66
Days Payable21.2761.5018.7020.4974.45111.20158.0585.38199.45195.05
Cash Conversion Cycle113.36115.13172.49236.09383.37671.15356.31351.12238.68211.41
Working Capital Days35.7146.7181.41154.00305.73799.23441.52395.07298.16326.64
ROCE %26.37%24.40%17.32%0.95%-0.04%6.14%8.17%7.73%7.86%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters39.93%39.93%39.61%39.61%39.61%39.61%32.37%30.32%29.36%29.36%29.36%29.36%
FIIs4.78%4.78%5.05%3.66%3.66%2.74%4.39%3.92%3.92%3.92%3.95%3.95%
DIIs4.89%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public50.41%55.29%55.33%56.72%56.72%57.65%63.24%65.76%66.73%66.72%66.69%66.68%
No. of Shareholders477723955951891929900966953967959945

Fundamentals

Market Cap₹ 18.7 Cr.
Current Price₹ 13.6
Stock P/E8.10
Book Value₹ 33.5
ROCE7.86 %
ROE5.17 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)27%
Consolidated figures.
Valuation
Market capRs 17 Cr
Enterprise valueRs 29 Cr
P/E (TTM)7.32x
Price to book0.37x
Price to sales0.31x
EV / EBITDA5.69x
EV / EBIT6.44x
EV / sales0.53x
Price to cash flow15.81x
Earnings yield13.66%
P/E, 3-year average13.65x
P/B, 3-year average0.80x
P/E, 5-year average23.07x
P/B, 5-year average1.21x
Profitability
Operating margin (excl. other income)6.52%
Operating margin (incl. other income)9.35%
EBITDA margin9.35%
Pre-tax margin5.54%
Net profit margin4.17%
ROE5.17%
ROCE7.86%
ROA2.72%
ROE, 3-year average5.95%
ROCE, 3-year average8.26%
ROA, 3-year average3.10%
ROE, 5-year average3.51%
ROCE, 5-year average6.88%
ROA, 5-year average1.83%
ROIC (approx.)5.86%
Tax rate24.76%
Other income / net worth3.39%
Growth
Sales growth (latest year)0.11%
Profit growth (latest year)-4.55%
Sales CAGR, 3 years15.17%
Sales CAGR, 5 years7.04%
Profit CAGR, 3 years10.98%
Per share
EPS (TTM)Rs 1.67
EPS (latest year)Rs 1.67
EPS, 3-year averageRs 1.74
EPS, 5-year averageRs 1.00
Book value per shareRs 33.48
Sales per shareRs 40.08
Cash flow per shareRs 0.77
Free cash flow per shareRs 0.71
Efficiency
Asset turnover0.63x
Fixed asset turnover18.10x
Inventory turnover1.74x
Inventory days210 days
Debtor days180 days
Debtors turnover2.03x
Creditor days195 days
Cash conversion cycle211 days
Working capital days327 days
Leverage
Total debtRs 14 Cr
Cash and bankRs 1 Cr
Net debtRs 13 Cr
Debt to equity0.30x
Net debt / EBITDA2.43x
Interest coverage3.03x
Owners' fund to total sources52.55%
Debt to assets15.97%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 1 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years0.65x
Sales to cash flow51.76x
Statement figures
Net sales (TTM)Rs 55 Cr
Net sales (latest year)Rs 55 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 41 Cr
Total expenditure (latest year)Rs 52 Cr
Total income (latest year)Rs 57 Cr
Share capitalRs 14 Cr
ReservesRs 32 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 88 Cr
Net blockRs 3 Cr
ReceivablesRs 27 Cr
InventoryRs 24 Cr
Other liabilitiesRs 28 Cr
Shares outstanding (crore)1.38
Ownership
Promoter holding29.36% (-0.96 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 7.3 is at the 16th percentile of its own 5.1-year range (median 12.7, low 3.4, high 56.9).
P/B 0.37 is at the 9th percentile (median 1.25).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period542850Nifty 50Difference
1 week-26.8%-2.8% -24.1 pts
1 month+51.5%-6.8% +58.3 pts
3 months+50.7%-7.6% +58.4 pts
3 years-78.1%+14.2% -92.3 pts
5 years-35.6%+27.9% -63.5 pts

Red flags

F-score 3 of 8
lookProfit leans on other income Other income was 51% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹30 Cr +35.9% vs Mar 2024. Net profit ₹1 Cr -38.4%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Goblin India Ltd?

Goblin India Ltd (542850) has a market capitalisation of Rs 18.7 Cr. at the 2026-10-01 close.

What is the P/E ratio of Goblin India Ltd?

Goblin India Ltd trades at a P/E of 8.10 on trailing twelve-month profit, at the 2026-10-01 close.

What were Goblin India Ltd's latest quarterly results?

In the Mar 2026 quarter, Goblin India Ltd sales was Rs 30 Cr (+35.9% vs Mar 2024) and net profit was Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03