Price
Financials
Standalone, Rs crore| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 64 | 53 | 47 | 71 | 68 | 62 | 88 | 111 |
| Expenses | 60 | 50 | 43 | 68 | 62 | 56 | 76 | 99 |
| Operating Profit | 4 | 3 | 4 | 3 | 7 | 5 | 12 | 12 |
| OPM % | 6% | 5% | 9% | 4.8% | 10% | 9% | 14% | 11% |
| Other Income | 0 | 0 | 0 | 6 | 7 | 1 | 0 | 0 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 3 | 2 | 3 | 9 | 12 | 5 | 9 | 7 |
| Tax % | 25% | 31% | 26% | 20% | 23% | 24% | 25% | 26% |
| Net Profit | 2 | 1 | 2 | 7 | 9 | 4 | 6 | 5 |
| EPS in Rs | 11.98 | 1.06 | 1.85 | 3.93 | 5.21 | 2.19 | 3.56 | 2.78 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 71 | 60 | 66 | 117 | 118 | 130 | 199 |
| Expenses | 69 | 57 | 63 | 110 | 110 | 118 | 175 |
| Operating Profit | 3 | 3 | 3 | 7 | 7 | 12 | 24 |
| OPM % | 3.9% | 4.7% | 4.5% | 6% | 6% | 9% | 12% |
| Other Income | 0 | 0 | 0 | 0 | 6 | 7 | 0 |
| Interest | 2 | 1 | 1 | 1 | 1 | 1 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 6 |
| Profit before tax | 0 | 1 | 1 | 5 | 12 | 17 | 15 |
| Tax % | 26% | 27% | 43% | 27% | 22% | 23% | 26% |
| Net Profit | 0 | 1 | 1 | 4 | 9 | 13 | 11 |
| EPS in Rs | 1.25 | 3.41 | 3.16 | 3.27 | 5.28 | 7.40 | 6.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 27% | 19% | 53% | ||
| Compounded Profit Growth | % | 77% | 48% | 49% | ||
| Stock Price CAGR | % | % | % | -38% | ||
| Return on Equity | % | 17% | 17% | 19% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 11 | 18 | 18 | 18 |
| Reserves | 9 | 9 | 10 | 5 | 24 | 38 | 49 |
| Borrowings | 7 | 13 | 11 | 9 | 6 | 21 | 44 |
| Other Liabilities | 1 | 3 | 5 | 4 | 3 | 4 | 9 |
| Total Liabilities | 20 | 27 | 27 | 29 | 51 | 81 | 121 |
| Fixed Assets | 5 | 5 | 6 | 6 | 10 | 12 | 48 |
| CWIP | 0 | 0 | 0 | 0 | 4 | 29 | 7 |
| Investments | 0 | 0 | 0 | 0 | 8 | 6 | 6 |
| Other Assets | 15 | 22 | 22 | 23 | 29 | 34 | 61 |
| Total Assets | 20 | 27 | 27 | 29 | 51 | 81 | 121 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -4 | 5 | -2 | 5 | 12 | -2 | |
| Cash from Investing Activity | -1 | -1 | -2 | -17 | -27 | -18 | |
| Cash from Financing Activity | 5 | -3 | 4 | 12 | 15 | 20 | |
| Net Cash Flow | -0 | -0 | 0 | 0 | 0 | -0 | |
| Free Cash Flow | -6 | 3 | -3 | -5 | -16 | -21 | |
| CFO/OP | -156% | 162% | -23% | 103% | 137% | 7% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 84 | 79 | 48 | 58 | 43 | 49 |
| Inventory Days | 33 | 55 | 49 | 20 | 21 | 58 | 91 |
| Days Payable | 7 | 31 | 41 | 12 | 9 | 11 | 26 |
| Cash Conversion Cycle | 69 | 108 | 87 | 57 | 70 | 89 | 114 |
| Working Capital Days | 43 | 38 | 38 | 27 | 55 | 54 | 34 |
| ROCE % | 9% | 9% | 25% | 18% | 17% | 20% |
| Oct 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 72.61% | 72.61% | 72.61% | 72.61% | 72.61% | 72.61% |
| FIIs | 4.69% | 1.02% | 0.49% | 0.46% | 0.46% | 0.46% |
| DIIs | 5.82% | 0.00% | 0.14% | 0.49% | 1.53% | 2.37% |
| Public | 16.86% | 26.36% | 26.76% | 26.44% | 25.40% | 24.55% |
| No. of Shareholders | 833 | 675 | 1,123 | 1,359 | 1,300 | 1,216 |
Fundamentals
Market Cap₹ 190 Cr.
Current Price₹ 106
Stock P/E16.7
Book Value₹ 37.4
ROCE19.7 %
ROE18.6 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)53%
Compounded Profit Growth (TTM)49%
Standalone figures.
Valuation
Market capRs 115 Cr
Enterprise valueRs 124 Cr
P/E (TTM)32.43x
Price to book7.09x
Price to sales0.98x
EV / EBITDA18.21x
EV / EBIT20.95x
EV / sales1.06x
Earnings yield3.08%
Profitability
Operating margin (excl. other income)5.74%
Operating margin (incl. other income)5.80%
EBITDA margin5.80%
Pre-tax margin4.13%
Net profit margin3.02%
ROE25.38%
ROCE24.78%
ROA12.55%
ROE, 3-year average12.31%
ROCE, 3-year average14.48%
ROA, 3-year average5.91%
ROIC (approx.)17.12%
Tax rate27.07%
Other income / net worth0.43%
Growth
Sales growth (latest year)78.41%
Profit growth (latest year)461.90%
Sales CAGR, 3 years18.04%
Profit CAGR, 3 years141.93%
Per share
EPS (TTM)Rs 3.27
EPS (latest year)Rs 3.27
EPS, 3-year averageRs 3.28
Book value per shareRs 14.96
Sales per shareRs 108.23
Cash flow per shareRs -1.92
Free cash flow per shareRs -19.39
Efficiency
Asset turnover4.03x
Fixed asset turnover20.60x
Inventory turnover23.41x
Inventory days16 days
Debtor days48 days
Debtors turnover7.53x
Creditor days26 days
Cash conversion cycle114 days
Working capital days34 days
Leverage
Total debtRs 9 Cr
Cash and bankRs 0 Cr
Net debtRs 9 Cr
Debt to equity0.57x
Net debt / EBITDA1.32x
Interest coverage5.52x
Owners' fund to total sources55.67%
Debt to assets31.62%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -21 Cr
FCFE (approx.: FCF + change in debt)Rs -22 Cr
Cash from ops / profit, 5 years0.47x
Statement figures
Net sales (TTM)Rs 117 Cr
Net sales (latest year)Rs 117 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 6 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 106 Cr
Total expenditure (latest year)Rs 110 Cr
Total income (latest year)Rs 117 Cr
Share capitalRs 11 Cr
ReservesRs 5 Cr
Shareholders' fundsRs 16 Cr
Total assetsRs 29 Cr
Net blockRs 6 Cr
InvestmentsRs 0 Cr
ReceivablesRs 16 Cr
InventoryRs 5 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)1.08
Ownership
Promoter holding72.61% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.4 is the lowest in its own 2.3-year history
(median 271.4, low 32.4, high 349.8).
P/B 7.09 is the lowest in 3.0 years (median 15.49).
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.
| Period | GOYALSALT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.3% | -2.8% | +2.5 pts |
| 1 month | -3.6% | -6.8% | +3.2 pts |
| 3 months | -10.9% | -7.6% | -3.3 pts |
| 6 months | -23.7% | +0.4% | -24.1 pts |
| 1 year | -31.7% | -9.9% | -21.8 pts |
| 2 years | -42.1% | -13.6% | -28.5 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was -36% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 19% of total assets in 2026 |
| explain | Share dilution Share count up 440% in a year, 440% in three |
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 2026Sales ₹111 Cr +56.3% vs Mar 2024.
Net profit ₹5 Cr -28.6%.
Against our estimate for Mar 2026: sales +65.2%, profit -10.8% in line.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| EID Parry (India) Ltd | 12,390 | 15.3 | 17.0 % |
| Manorama Industries Ltd | 11,763 | 44.5 | 35.4 % |
| Orkla India Ltd | 7,398 | 24.2 | 14.9 % |
| Krishival Foods Ltd | 1,152 | 52.3 | 16.2 % |
| Shri Ahimsa Naturals Ltd | 1,042 | 34.8 | 22.8 % |
| Freshara Agro Exports Ltd | 975 | 26.3 | % |
| Apis India Ltd | 690 | 27.4 | 14.6 % |
| Proventus Agrocom Ltd | 673 | 48.5 | 11.5 % |
| Pajson Agro India Ltd | 512 | 20.6 | 31.4 % |
| Hoac Foods India Ltd | 388 | 68.3 | 32.1 % |
| Madhusudan Masala Ltd | 387 | 21.2 | 16.2 % |
| Nutricircle Ltd | 300 | 999 | 4.23 % |
| Chemkart India Ltd | 300 | 15.3 | 27.7 % |
| Megastar Foods Ltd | 290 | 29.5 | 11.6 % |
| Srivari Spices & Foods Ltd | 242 | 15.7 | 28.6 % |
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Goyal Salt Ltd?
Goyal Salt Ltd (GOYALSALT) has a market capitalisation of Rs 190 Cr. at the 2026-09-29 close.
What is the P/E ratio of Goyal Salt Ltd?
Goyal Salt Ltd trades at a P/E of 16.7 on trailing twelve-month profit, at the 2026-09-29 close.
What were Goyal Salt Ltd's latest quarterly results?
In the Mar 2026 quarter, Goyal Salt Ltd sales was Rs 111 Cr (+56.3% vs Mar 2024) and net profit was Rs 5 Cr.
What is the 52-week high and low of Goyal Salt Ltd?
The 52-week high is Rs 200.00 and the 52-week low is Rs 97.00.