GOCL Corporation

₹371 28.2 | 8.2%

WEBSITE BSE:506480 NSE : GOCLCORP 05 Jun, 16:01

Market Cap ₹1839 Cr.

Stock P/E 38.1

P/B 2.9

Current Price ₹371

Book Value ₹ 127.2

Face Value 2

52W High ₹640.9

Dividend Yield 1.08%

52W Low ₹ 296

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.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

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
Net Sales	104	74	109	102	101	88	99	96	98	121	175
Other Income	28	27	24	21	30	33	32	14	65	70	356
Total Income	132	101	134	123	131	121	130	110	163	191	531
Total Expenditure	143	92	99	98	107	94	106	102	102	128	169
Operating Profit	-11	9	35	25	23	28	24	8	60	63	362
Interest	15	12	2	1	1	1	2	2	2	1	1
Depreciation	12	12	1	2	2	2	2	3	3	4	5
Exceptional Income / Expenses	4	-9	10	4	7	4	8	0	0	0	0
Profit Before Tax	-34	-23	42	26	28	29	29	3	56	58	356
Provision for Tax	-16	-15	11	8	7	6	1	1	7	11	123
Profit After Tax	-19	-9	31	18	21	23	28	2	49	48	233
Adjustments	72	67	0	0	0	0	0	0	0	0	0
Profit After Adjustments	53	58	31	18	21	23	28	2	49	48	233
Adjusted Earnings Per Share	-1.9	-0.9	6.2	3.6	4.3	4.6	5.6	0.5	9.9	9.6	47

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	45%	22%	15%	5%
Operating Profit CAGR	475%	256%	67%	0%
PAT CAGR	385%	388%	59%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	17%	10%	6%	8%
ROE Average	44%	23%	15%	9%
ROCE Average	67%	32%	21%	12%

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	1104	1134	1007	1017	369	376	386	376	395	423	639
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	17	0	1	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	97	88	86	86	107	97	85	133	127	133	132
Total Current Liabilities	427	345	54	38	39	41	51	45	47	54	53
Total Liabilities	1645	1567	1148	1142	515	514	522	554	570	836	825
Fixed Assets	1000	966	947	948	15	19	21	27	28	35	40
Other Non-Current Assets	59	79	87	88	417	401	402	451	479	338	350
Total Current Assets	586	522	114	106	82	94	99	76	62	305	435
Total Assets	1645	1567	1148	1142	515	514	522	554	570	836	825

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	75	28	31	8	14	5	2	1	3	5	4
Cash Flow from Operating Activities	47	47	-4	18	3	-5	15	7	31	8	-75
Cash Flow from Investing Activities	-50	148	16	9	1	2	8	10	5	12	97
Cash Flow from Financing Activities	-44	-192	-4	-19	-13	-0	-24	-14	-34	-22	-19
Net Cash Inflow / Outflow	-47	3	7	7	-9	-3	-1	2	2	-1	3
Closing Cash & Cash Equivalent	28	31	8	16	5	2	1	3	5	4	8

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)	-1.89	-0.89	6.19	3.55	4.25	4.62	5.62	0.47	9.89	9.62	46.97
CEPS(Rs)	-0.68	0.29	6.48	3.87	4.6	4.95	6.02	1.01	10.51	10.34	48.06
DPS(Rs)	2.2	2.5	2	1.5	1.6	1.6	2	4	6	5	10
Book NAV/Share(Rs)	43.49	46.45	67.42	69.26	74.35	75.85	77.81	75.82	79.71	85.27	128.97
Core EBITDA Margin(%)	-34.99	-21.13	9.29	4	-6.2	-6.03	-7.92	-6.23	-4.79	-5.32	3.48
EBIT Margin(%)	-17.11	-13.56	37.93	25.1	26.58	33.49	30.56	5.54	58.23	48.8	204.01
Pre Tax Margin(%)	-30.95	-28.53	36.06	23.84	25.61	31.99	28.99	3.22	56.69	47.66	203.4
PAT Margin (%)	-16.87	-10.77	26.43	16.27	19.43	25.46	28.26	2.41	49.91	38.99	133.04
Cash Profit Margin (%)	-6.08	3.56	27.68	17.75	21.02	27.26	30.24	5.2	53.04	41.91	136.12
ROA(%)	-1.15	-0.55	2.26	1.54	2.55	4.45	5.38	0.43	8.73	6.79	28.04
ROE(%)	-4.49	-1.97	7.72	5.2	5.92	6.15	7.31	0.61	12.72	11.67	43.85
ROCE(%)	-2.75	-1.64	8.95	7.85	8.06	7.98	7.76	1.39	14.69	14.5	67.06
Receivable days	403.71	632.25	287.31	99.45	84.91	87.03	69.38	72.58	68.16	54.91	42.96
Inventory Days	572.59	836.99	394.11	171.08	110.73	72.68	75.24	73.71	67.28	66.64	54.47
Payable days	1482.15	2422.18	979.4	356.72	197.46	203.09	170.14	206.69	287.88	254.34	155.08
PER(x)	0	0	23.94	38.12	87.38	107.39	54.01	273.21	22.31	28.42	6.23
Price/Book(x)	1.48	2.34	2.2	1.95	5	6.54	3.9	1.69	2.77	3.21	2.27
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)	7.17	15.71	6.7	6.43	18.13	27.58	14.95	6.48	11.12	11.03	8.11
EV/Core EBITDA(x)	-65.84	125.71	20.8	26.2	77.79	88.03	61.63	77.64	18.02	21.14	3.92
Net Sales Growth(%)	-88.36	-28.59	47.3	-6.61	-1.61	-12.11	11.62	-2.35	1.48	24.12	44.4
EBIT Growth(%)	-119.31	41.66	497.13	-38.33	6.22	4.45	0.02	-82.25	970.03	4.35	497.97
PAT Growth(%)	-130.16	53	448.45	-42.62	19.76	8.61	21.65	-91.66	2011.67	-2.73	388.12
EPS Growth(%)	-130.16	53	796.9	-42.62	19.76	8.61	21.65	-91.66	2011.7	-2.73	388.12
Debt/Equity(x)	0.66	0.39	0.03	0.01	0	0.03	0.01	0.01	0.01	0.01	0
Current Ratio(x)	1.37	1.51	2.11	2.76	2.12	2.29	1.94	1.69	1.31	5.63	8.18
Quick Ratio(x)	0.96	0.94	1.15	1.47	1.7	1.81	1.53	1.29	0.93	5.14	7.69
Interest Cover(x)	-1.24	-0.91	20.3	19.92	27.29	22.27	19.39	2.39	37.67	42.68	332.22
Total Debt/Mcap(x)	0.44	0.17	0.01	0.01	0	0	0	0.01	0	0	0

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 58% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Debtor days have improved from 254.34 to 155.08days.

Cons

Earnings include an other income of Rs. 356 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.