WEBSITE BSE:505576 NSE: GOLDCORP Inc. Year: 1983 Industry: Construction - Real Estate My Bucket: Add Stock
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1. Business Overview
Goldcrest Corporation Ltd. operates in the Indian real estate sector, primarily involved in construction and property development. Its core business model likely revolves around acquiring land parcels, developing residential and/or commercial properties, undertaking construction activities, and subsequently selling or leasing these developed assets. The company generates revenue through the sale of completed projects (e.g., apartments, office spaces) and potentially through rental income from commercial properties it holds.
2. Key Segments / Revenue Mix
Based on the industry classification, Goldcrest Corporation Ltd.'s primary segments would typically include Residential Real Estate (development of apartments, villas, plotted developments) and Commercial Real Estate (development of office spaces, retail outlets, IT parks). Without specific financial data, the exact contribution or revenue mix from these segments cannot be determined.
3. Industry & Positioning
The Indian real estate industry is highly fragmented, cyclical, and influenced by macroeconomic factors, interest rates, and government policies. It is characterized by intense competition from both large national players and numerous regional/local developers. Goldcrest Corporation Ltd. operates within this competitive landscape. Without specific market share data or geographical focus, its precise positioning relative to peers cannot be definitively stated but it would be one of the many developers vying for projects and market share in specific micro-markets.
4. Competitive Advantage (Moat)
Based solely on the provided information, specific durable competitive advantages or "moats" for Goldcrest Corporation Ltd. are not evident. In the real estate sector, potential moats can include a strong brand reputation, strategic land banks, superior project execution capabilities, financial strength, or deep local market expertise. The company's competitive standing would likely depend on its ability to secure land, obtain regulatory approvals, manage construction efficiently, and market its projects effectively in its operational areas.
5. Growth Drivers
Key factors that could drive growth for Goldcrest Corporation Ltd. over the next 3-5 years include:
Urbanization and Population Growth: Continued migration to urban centers fuels demand for housing and commercial spaces.
Rising Disposable Incomes: Increasing affluence among the Indian middle class supports demand for quality real estate.
Government Infrastructure Push: Investments in infrastructure (roads, metros, airports) enhance connectivity and drive property value appreciation.
Favorable Demographics: A large young population seeking home ownership and professional spaces.
Housing Affordability: Stable interest rates and government incentives can improve purchasing power.
6. Risks
Cyclicality of Real Estate: The industry is highly sensitive to economic cycles, interest rate fluctuations, and investor sentiment.
Regulatory & Approval Risks: Delays in obtaining environmental, construction, and other regulatory clearances can impact project timelines and costs (e.g., RERA compliance).
Land Acquisition Challenges: Difficulty and cost associated with acquiring suitable land parcels can be a significant hurdle.
Funding & Liquidity Risk: Real estate development is capital-intensive and reliant on debt funding; rising interest rates or tighter credit can impact profitability.
Competition & Unsold Inventory: Intense competition can lead to price pressures and challenges in selling completed units, potentially increasing unsold inventory.
Project Execution Risks: Delays, cost overruns, or quality issues in construction can damage reputation and financial performance.
7. Management & Ownership
As an Indian public limited company, Goldcrest Corporation Ltd. is typically promoted and managed by a founding family or group of individuals. Without specific details, information regarding the tenure, experience, or track record of the current management team and the precise ownership structure (e.g., promoter holding, institutional vs. public float) is not available.
8. Outlook
Goldcrest Corporation Ltd. operates in a sector with significant long-term growth potential, driven by India's robust economic growth, urbanization, and demographic tailwinds. However, the real estate industry is inherently complex and prone to cyclical downturns, regulatory challenges, and intense competition. The company's performance will largely depend on its ability to effectively manage project execution, navigate the regulatory landscape, secure timely funding at competitive rates, and adapt to evolving market demands and consumer preferences. Success hinges on strategic land acquisitions, efficient construction, and strong sales and marketing efforts.
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Market Cap ₹109 Cr.
Stock P/E 8.5
P/B 1.8
Current Price ₹192.3
Book Value ₹ 108.6
Face Value 10
52W High ₹0
Dividend Yield 0.26%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | -0 | 4 | 5 | 5 | 4 | 6 | 6 | 3 | 3 | 2 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -3 |
| Total Income | 0 | 4 | 6 | 6 | 4 | 7 | 6 | 4 | 2 | -0 |
| Total Expenditure | 2 | 1 | 1 | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Operating Profit | -2 | 3 | 4 | 4 | 2 | 5 | 4 | 2 | -0 | -2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -2 | 3 | 4 | 4 | 1 | 5 | 4 | 1 | -0 | -3 |
| Provision for Tax | 0 | 1 | 1 | 1 | -0 | 1 | 1 | 1 | 0 | -1 |
| Profit After Tax | -2 | 2 | 3 | 3 | 1 | 3 | 3 | 1 | -1 | -2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -2 | 2 | 3 | 3 | 1 | 3 | 3 | 1 | -1 | -2 |
| Adjusted Earnings Per Share | -3.1 | 3.3 | 5.6 | 5.3 | 2.5 | 5.9 | 5.3 | 1.7 | -1.2 | -3.1 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 17 | 36 | 20 | 10 | 14 | 12 | 11 | 14 | 13 | 11 | 16 | 14 |
| Other Income | 1 | 1 | 4 | 0 | 1 | 1 | 0 | 5 | 6 | 1 | 10 | -4 |
| Total Income | 18 | 36 | 24 | 11 | 15 | 13 | 11 | 20 | 19 | 13 | 26 | 12 |
| Total Expenditure | 13 | 32 | 13 | 7 | 11 | 6 | 8 | 6 | 7 | 7 | 7 | 8 |
| Operating Profit | 5 | 5 | 10 | 3 | 5 | 7 | 3 | 14 | 11 | 5 | 19 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 3 | 4 | 10 | 3 | 4 | 6 | 2 | 12 | 10 | 4 | 17 | 2 |
| Provision for Tax | 2 | 0 | 2 | 0 | 0 | 1 | 1 | 3 | 3 | 1 | 4 | 1 |
| Profit After Tax | 1 | 4 | 8 | 3 | 4 | 5 | 1 | 10 | 7 | 3 | 13 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 4 | 8 | 3 | 4 | 5 | 1 | 10 | 7 | 3 | 13 | 1 |
| Adjusted Earnings Per Share | 1.9 | 5 | 11.2 | 3.4 | 5 | 8.8 | 1.5 | 16.7 | 11.7 | 5.3 | 22.7 | 2.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 45% | 5% | 6% | -1% |
| Operating Profit CAGR | 280% | 11% | 22% | 14% |
| PAT CAGR | 333% | 9% | 21% | 29% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 0% | 42% | 23% | 20% |
| ROE Average | 18% | 11% | 11% | 10% |
| ROCE Average | 24% | 15% | 15% | 13% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 42 | 44 | 51 | 54 | 57 | 48 | 48 | 57 | 64 | 67 | 79 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5 | 5 | 5 | 7 | 8 | 8 | 7 | 8 | 11 | 9 | 12 |
| Total Current Liabilities | 9 | 2 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 3 | 2 |
| Total Liabilities | 56 | 51 | 56 | 63 | 67 | 57 | 57 | 67 | 77 | 79 | 93 |
| Fixed Assets | 24 | 24 | 23 | 1 | 1 | 1 | 2 | 2 | 3 | 4 | 4 |
| Other Non-Current Assets | 5 | 4 | 8 | 50 | 49 | 28 | 23 | 24 | 26 | 27 | 28 |
| Total Current Assets | 27 | 22 | 25 | 12 | 17 | 28 | 32 | 41 | 48 | 49 | 61 |
| Total Assets | 56 | 51 | 56 | 63 | 67 | 57 | 57 | 67 | 77 | 79 | 93 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 3 | 2 | 0 | 0 | 5 | 11 | 16 | 15 | 9 | 11 |
| Cash Flow from Operating Activities | -2 | 10 | 0 | 15 | 4 | 18 | 3 | 6 | 4 | 3 | 4 |
| Cash Flow from Investing Activities | -6 | 0 | 1 | -16 | -4 | 2 | 13 | -7 | -5 | 2 | -2 |
| Cash Flow from Financing Activities | 9 | -11 | -2 | 1 | 0 | -14 | -0 | -1 | -5 | -2 | -1 |
| Net Cash Inflow / Outflow | 1 | -1 | -0 | 0 | 1 | 6 | 15 | -2 | -6 | 3 | 1 |
| Closing Cash & Cash Equivalent | 3 | 2 | 2 | 0 | 1 | 11 | 26 | 15 | 9 | 11 | 12 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.88 | 5 | 11.21 | 3.38 | 4.97 | 8.83 | 1.51 | 16.7 | 11.71 | 5.31 | 22.74 |
| CEPS(Rs) | 4.41 | 5.5 | 11.73 | 3.93 | 5.59 | 9.69 | 3.17 | 18.99 | 14.17 | 7.86 | 25.4 |
| DPS(Rs) | 1 | 1.25 | 1.25 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 54.93 | 57.8 | 67.33 | 71.91 | 75.54 | 83.56 | 84.12 | 100.41 | 111.64 | 116.97 | 139.68 |
| Core EBITDA Margin(%) | 23.79 | 11.57 | 34.04 | 30.54 | 26.32 | 47.41 | 23.1 | 56.21 | 41.6 | 36.97 | 55.98 |
| EBIT Margin(%) | 17.99 | 12.03 | 50.94 | 28.92 | 28.43 | 55.3 | 18.36 | 85.02 | 75.61 | 35.21 | 110.13 |
| Pre Tax Margin(%) | 17.42 | 11.89 | 50.85 | 28.71 | 28.19 | 55.3 | 17.95 | 84.84 | 74.94 | 33.71 | 109.32 |
| PAT Margin (%) | 8.19 | 10.57 | 42.74 | 24.88 | 26.08 | 42.82 | 7.86 | 66.12 | 52.21 | 26.77 | 81.58 |
| Cash Profit Margin (%) | 19.23 | 11.61 | 44.74 | 28.94 | 29.3 | 47.01 | 16.51 | 75.17 | 63.19 | 39.58 | 91.13 |
| ROA(%) | 3.22 | 7.08 | 15.84 | 4.29 | 5.8 | 8.07 | 1.5 | 15.36 | 9.26 | 3.87 | 15 |
| ROE(%) | 5.07 | 8.88 | 17.91 | 4.85 | 6.75 | 9.6 | 1.8 | 18.11 | 11.05 | 4.65 | 17.72 |
| ROCE(%) | 8.69 | 9.25 | 21.35 | 5.63 | 7.34 | 12.4 | 4.21 | 23.28 | 16 | 6.12 | 23.92 |
| Receivable days | 51.07 | 9.69 | 10.39 | 22.62 | 14.09 | 7.15 | 7.21 | 10.55 | 21.87 | 18.49 | 7.06 |
| Inventory Days | 225.7 | 170.53 | 354.09 | 587.91 | 280.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 66.96 | 4.24 | 9.65 | 69.19 | 58.95 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 11.31 | 5.54 | 2.6 | 10.16 | 9.55 | 6.79 | 40.28 | 4.06 | 15.01 | 0 | 0 |
| Price/Book(x) | 0.39 | 0.48 | 0.43 | 0.48 | 0.63 | 0.72 | 0.72 | 0.68 | 1.58 | 0 | 0 |
| Dividend Yield(%) | 4.71 | 4.51 | 4.29 | 1.46 | 1.05 | 0.83 | 0.82 | 0.74 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.23 | 0.53 | 1.03 | 2.5 | 2.15 | 1.97 | 0.76 | 1.18 | 6.62 | -0.89 | -0.54 |
| EV/Core EBITDA(x) | 4.22 | 4.04 | 1.94 | 7.57 | 6.8 | 3.31 | 2.8 | 1.25 | 7.64 | -1.85 | -0.46 |
| Net Sales Growth(%) | 379.01 | 106.28 | -44.6 | -48.2 | 40.38 | -18.58 | -6.89 | 31.56 | -11.2 | -11.49 | 40.39 |
| EBIT Growth(%) | 80.89 | 37.89 | 134.64 | -70.59 | 38 | 58.38 | -69.08 | 509.14 | -21.03 | -58.79 | 339.12 |
| PAT Growth(%) | 26.07 | 166.31 | 124.02 | -69.85 | 47.19 | 33.67 | -82.91 | 1006.8 | -29.88 | -54.62 | 327.82 |
| EPS Growth(%) | 1.28 | 166.31 | 124.02 | -69.85 | 47.19 | 77.52 | -82.91 | 1006.78 | -29.88 | -54.62 | 327.82 |
| Debt/Equity(x) | 0.19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 2.86 | 13.9 | 41.56 | 10.3 | 7.26 | 14.2 | 19.29 | 29.26 | 20.26 | 14.79 | 29.74 |
| Quick Ratio(x) | 0.96 | 4.18 | 3.99 | 1.52 | 2.25 | 14.2 | 19.29 | 29.26 | 20.26 | 14.79 | 29.74 |
| Interest Cover(x) | 31.24 | 88 | 564.15 | 140.3 | 121 | 0 | 44.42 | 459.46 | 113.01 | 23.45 | 136.13 |
| Total Debt/Mcap(x) | 0.49 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.86 | 72.86 | 72.86 | 72.86 | 72.86 | 72.86 | 72.86 | 72.86 | 72.86 | 72.86 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 27.14 | 27.14 | 27.14 | 27.14 | 27.14 | 27.14 | 27.14 | 27.14 | 27.14 | 27.14 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 | 0.57 |
* The pros and cons are machine generated.
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