GOCL Corporation

₹395.2 -7.4 | 1.9%

WEBSITE BSE:506480 NSE : GOCLCORP 10 May, 16:01

Market Cap ₹1959 Cr.

Stock P/E 34.3

P/B 1.4

Current Price ₹395.2

Book Value ₹ 284.7

Face Value 2

52W High ₹640.9

Dividend Yield 2.53%

52W Low ₹ 295.1

Edit Ratio

GOCL Corporation Research see more...

Overview Inc. Year: 1961Industry: Chemicals

GOCL Corporation Ltd, previously referred as Gulf Oil Corporation Ltd, is engaged in the provision of explosive add-ons (detonators) (for mining and business use); mining and infrastructure, and realty. It's segments are Mining and Infrastructure Contracts, Realty, Energetics, Lubricating Oils and Others. Its Energetics Division is engaged in the manufacture, advertising and technical offerings in commercial explosives, detonators, explosive bonded metal clads and special devices for protection and space applications. The Company's Mining & Infrastructure Contracts Division undertakes mining services in coal, iron ore, limestone and bauxite mines, and contracts within the infrastructure sector, along with underground metro railways, extended highways and commercial systems/buildings. Its Property Development division is engaged inside the development of properties at Bangalore and Hyderabad into special economic zone (SEZ), industrial parks and commercial conglomerates.

GOCL Corporation Share Price

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Peer Comparison

GOCL Corporation Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	122	106	129	237	194	248	242	197	163	167
Other Income	24	32	35	250	125	54	60	62	60	63
Total Income	146	138	163	487	319	302	302	259	223	230
Total Expenditure	128	108	124	257	215	234	245	202	155	176
Operating Profit	17	29	39	229	104	68	57	57	68	54
Interest	12	16	17	21	26	34	39	42	37	37
Depreciation	2	2	2	2	2	3	3	3	3	3
Exceptional Income / Expenses	0	0	128	0	-10	9	1	4	-5	6
Profit Before Tax	3	11	148	207	66	40	17	16	23	19
Provision for Tax	1	4	5	81	25	8	3	4	7	4
Profit After Tax	2	7	143	125	40	32	14	12	16	15
Adjustments	-0	0	0	-0	0	0	0	-0	0	-0
Profit After Adjustments	2	7	143	125	40	32	14	12	16	15
Adjusted Earnings Per Share	0.4	1.4	28.9	25.2	8.1	6.4	2.8	2.5	3.2	3.1

GOCL Corporation Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	298	310	390	484	499	483	532	499	416	498	921	769
Other Income	52	91	84	79	79	69	61	60	142	130	489	245
Total Income	349	401	474	563	578	551	593	559	557	628	1410	1014
Total Expenditure	329	313	361	459	470	456	500	483	406	500	942	778
Operating Profit	20	88	112	105	108	96	93	75	151	129	468	236
Interest	42	79	63	64	62	46	41	16	53	57	119	155
Depreciation	14	14	5	5	6	6	6	7	8	9	10	12
Exceptional Income / Expenses	4	-11	8	4	7	4	8	0	0	128	-10	6
Profit Before Tax	-32	-16	52	39	47	48	54	53	90	191	329	75
Provision for Tax	-16	-14	11	12	15	14	13	3	12	14	118	18
Profit After Tax	-16	-2	42	27	33	34	41	50	79	176	211	57
Adjustments	66	70	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	50	68	42	27	33	34	41	50	79	176	211	57
Adjusted Earnings Per Share	5.1	6.8	8.4	5.4	6.6	6.9	8.2	10	15.9	35.5	42.6	11.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	85%	23%	14%	12%
Operating Profit CAGR	263%	84%	37%	37%
PAT CAGR	20%	62%	44%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	23%	26%	7%	12%
ROE Average	16%	13%	10%	7%
ROCE Average	15%	11%	8%	6%

GOCL Corporation Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1090	1127	1007	1027	517	821	943	910	1165	1152	1410
Minority's Interest	24	0	0	0	0	0	0	0	0	0	0
Borrowings	1751	1254	1121	1013	734	462	183	1140	1078	1491	1123
Other Non-Current Liabilities	99	91	88	91	90	91	91	90	94	108	92
Total Current Liabilities	519	419	310	335	387	431	466	141	111	261	872
Total Liabilities	3483	2891	2526	2466	1728	1805	1683	2281	2449	3238	3496
Fixed Assets	1046	1030	971	972	41	55	68	76	81	85	96
Other Non-Current Assets	1765	1273	1303	1231	1228	1244	885	1962	2053	1952	1378
Total Current Assets	673	588	252	264	458	506	730	244	315	1043	2022
Total Assets	3483	2891	2526	2466	1728	1805	1683	2281	2449	3238	3496

GOCL Corporation Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	100	51	43	11	21	15	16	19	26	30	34
Cash Flow from Operating Activities	104	51	-20	40	27	11	38	-13	7	-62	-77
Cash Flow from Investing Activities	-1673	706	22	139	242	268	288	-606	102	-322	173
Cash Flow from Financing Activities	1521	-751	-4	-169	-275	-279	-323	625	-105	387	-90
Net Cash Inflow / Outflow	-48	6	-2	10	-6	1	4	7	4	4	6
Closing Cash & Cash Equivalent	51	43	11	21	15	16	19	26	30	34	41

GOCL Corporation Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.06	6.83	8.39	5.43	6.59	6.88	8.18	10	15.88	35.52	42.59
CEPS(Rs)	-0.13	1.2	9.38	6.5	7.71	8.03	9.39	11.45	17.46	37.27	44.7
DPS(Rs)	2.2	2.5	2	1.5	1.6	1.6	2	4	6	5	10
Book NAV/Share(Rs)	42.03	45.76	67.39	71.26	104.33	165.58	190.19	183.49	235.06	232.33	284.33
Core EBITDA Margin(%)	-9.45	-1.07	6.65	4.73	5.19	5.45	6	3.06	2.2	-0.34	-2.26
EBIT Margin(%)	3.18	18.05	26.77	19.17	19.66	18.95	17.83	13.65	34.36	49.58	48.59
Pre Tax Margin(%)	-9.67	-4.64	12.14	7.2	8.51	9.62	10.12	10.55	21.72	38.16	35.71
PAT Margin (%)	-4.74	-0.65	9.63	5.01	5.86	6.87	7.61	9.91	18.9	35.27	22.93
Cash Profit Margin (%)	-0.4	3.44	10.76	6	6.86	8.01	8.73	11.34	20.78	37	24.07
ROA(%)	-0.59	-0.07	1.54	1.08	1.56	1.93	2.33	2.5	3.33	6.19	6.27
ROE(%)	-3.86	-0.51	10.56	7.84	7.5	5.1	4.6	5.35	7.59	15.2	16.49
ROCE(%)	0.65	2.86	6.47	6.3	6.97	5.95	6.12	3.81	6.53	9.87	15.14
Receivable days	193.16	194.48	119.07	56.38	52.97	68	64.9	61	55.99	42.56	30.75
Inventory Days	263	238.06	135.93	69.96	56.47	44.6	41.89	46.93	54.06	84.37	74.32
Payable days	311.37	294.59	178.47	84.97	70.18	59.61	60.28	61.3	70.86	88.94	75.69
PER(x)	12.7	15.94	17.66	24.92	56.42	72.1	37.1	12.79	13.9	7.7	6.88
Price/Book(x)	1.53	2.38	2.2	1.9	3.56	3	1.6	0.7	0.94	1.18	1.03
Dividend Yield(%)	3.42	2.3	1.35	1.11	0.43	0.32	0.66	3.13	2.72	1.83	3.41
EV/Net Sales(x)	8.35	7.81	5.26	3.89	5.68	6.65	3.73	3.59	5.21	5.67	3.4
EV/Core EBITDA(x)	121.43	27.63	18.26	18.02	26.25	33.52	21.39	23.71	14.34	21.97	6.69
Net Sales Growth(%)	-75.91	3.93	26.03	24.11	2.98	-3.18	10.22	-6.26	-16.68	19.87	84.84
EBIT Growth(%)	-89.11	495.89	84.96	-10.86	6.28	-14.07	0.94	-28.12	109.51	73.06	80.71
PAT Growth(%)	-131.19	85.67	1957.7	-35.27	21.23	4.45	18.91	22.28	58.69	123.75	19.91
EPS Growth(%)	4.05	34.9	22.88	-35.27	21.23	4.45	18.91	22.28	58.69	123.75	19.91
Debt/Equity(x)	4.92	3.19	4.01	3.53	1.98	0.98	0.57	1.31	0.95	1.38	1.25
Current Ratio(x)	1.3	1.41	0.81	0.79	1.18	1.17	1.57	1.72	2.85	3.99	2.32
Quick Ratio(x)	0.86	0.87	0.5	0.46	1.02	1.04	1.43	1.27	2.31	3.34	2.09
Interest Cover(x)	0.25	0.8	1.83	1.6	1.76	2.03	2.31	4.4	2.72	4.34	3.77
Total Debt/Mcap(x)	3.22	1.34	1.82	1.86	0.56	0.33	0.36	1.88	1.02	1.17	1.21

GOCL Corporation Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.83	73.83	73.83	73.83	73.83	73.83	73.83	73.83	73.83	72.82
FII	2.86	2.86	2.86	2.86	2.91	3.3	3.44	3.44	0.07	0.13
DII	1.65	1.65	1.65	1.65	1.63	1.56	1.56	1.55	2.99	3.12
Public	21.66	21.66	21.66	21.66	21.63	21.3	21.17	21.17	23.1	23.93
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.66	3.66	3.66	3.66	3.66	3.66	3.66	3.66	3.66	3.61
FII	0.14	0.14	0.14	0.14	0.14	0.16	0.17	0.17	0	0.01
DII	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.15	0.15
Public	1.07	1.07	1.07	1.07	1.07	1.06	1.05	1.05	1.15	1.19
Others	0	0	0	0	0	0	0	0	0	0
Total	4.96	4.96	4.96	4.96	4.96	4.96	4.96	4.96	4.96	4.96

Pros

Company has delivered good profit growth of 44% CAGR over last 5 years
Debtor days have improved from 88.94 to 75.69days.
Company has reduced debt.

Cons

Company has a low return on equity of 13% over the last 3 years.
Earnings include an other income of Rs. 489 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.