GOCL Corporation Ltd

GOCL Corporation Ltd

₹ 464 -1.33%
27 Jun - close price
About

GOCL Corporation Ltd is engaged in the business of Energetics, Mining & Infrastructure Services and Realty.[1]

It is a part of Hinduja Group which has presence across various industries such as Automotive, information technology, media, entertainment & communications, infrastructure project, development, oil & specialty chemicals, power, real estate and healthcare. The group employees 200,000 people around the world.[2]

Key Points

Business[1]
The company is in the business of manufacturing and marketing packaged and bulk explosives, and blast initiating devices.

  • Market Cap 2,302 Cr.
  • Current Price 464
  • High / Low 641 / 307
  • Stock P/E 55.8
  • Book Value 127
  • Dividend Yield 1.08 %
  • ROCE 8.95 %
  • ROE 6.49 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 40.4%

Cons

  • Stock is trading at 3.65 times its book value
  • Promoter holding has decreased over last quarter: -1.01%
  • The company has delivered a poor sales growth of 4.04% over past five years.
  • Company has a low return on equity of 8.41% over last 3 years.
  • Contingent liabilities of Rs.1,704 Cr.
  • Earnings include an other income of Rs.71.4 Cr.
  • Working capital days have increased from 870 days to 1,384 days

* 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
35.95 32.16 21.31 38.49 29.31 44.57 38.83 44.10 47.61 36.28 30.79 21.34 31.78
30.85 29.36 22.41 40.27 29.81 41.39 39.45 41.12 46.84 35.75 27.82 26.79 38.01
Operating Profit 5.10 2.80 -1.10 -1.78 -0.50 3.18 -0.62 2.98 0.77 0.53 2.97 -5.45 -6.23
OPM % 14.19% 8.71% -5.16% -4.62% -1.71% 7.13% -1.60% 6.76% 1.62% 1.46% 9.65% -25.54% -19.60%
8.17 8.29 31.03 12.35 12.18 227.78 96.69 16.17 15.50 16.59 20.32 17.86 16.63
Interest 0.39 0.32 0.09 0.38 0.60 0.30 0.22 0.31 0.24 0.22 0.25 0.11 0.39
Depreciation 0.81 0.83 0.83 0.89 1.03 1.04 1.11 1.18 2.07 1.53 1.66 1.54 1.63
Profit before tax 12.07 9.94 29.01 9.30 10.05 229.62 94.74 17.66 13.96 15.37 21.38 10.76 8.38
Tax % 23.12% 29.18% 6.58% 29.78% 30.25% 34.98% 35.40% 32.05% 25.86% 30.71% 25.96% 22.40% 23.87%
9.28 7.04 27.11 6.54 7.01 149.29 61.20 12.01 10.35 10.65 15.83 8.36 6.38
EPS in Rs 1.87 1.42 5.47 1.32 1.41 30.12 12.35 2.42 2.09 2.15 3.19 1.69 1.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
883 886 109 102 100 88 99 96 98 121 175 120
804 836 98 97 107 93 106 102 102 122 169 128
Operating Profit 79 49 11 5 -6 -5 -7 -6 -4 -1 6 -8
OPM % 9% 6% 10% 5% -6% -6% -8% -6% -4% -0% 4% -7%
44 78 34 23 37 37 40 14 65 64 356 71
Interest 35 34 2 1 1 1 2 2 2 1 1 1
Depreciation 14 14 1 2 2 2 2 3 3 4 5 6
Profit before tax 73 79 42 26 28 29 29 3 56 58 356 56
Tax % 28% 26% 27% 32% 24% 20% 3% 25% 12% 18% 35% 26%
53 58 31 18 21 23 28 2 49 48 233 41
EPS in Rs 5.35 5.89 6.19 3.55 4.25 4.62 5.62 0.47 9.89 9.62 46.97 8.32
Dividend Payout % 41% 42% 32% 42% 38% 35% 36% 854% 61% 52% 21% 48%
Compounded Sales Growth
10 Years: -18%
5 Years: 4%
3 Years: 7%
TTM: -31%
Compounded Profit Growth
10 Years: -2%
5 Years: 15%
3 Years: -6%
TTM: -5%
Stock Price CAGR
10 Years: 11%
5 Years: 11%
3 Years: 20%
1 Year: 50%
Return on Equity
10 Years: 5%
5 Years: 8%
3 Years: 8%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 20 20 10 10 10 10 10 10 10 10 10 10
Reserves 1,085 1,114 998 1,007 359 366 376 366 385 413 629 621
283 179 10 4 0 10 5 5 3 3 0 1
257 260 135 124 146 128 134 175 177 415 186 269
Total Liabilities 1,645 1,573 1,153 1,145 515 514 525 556 576 841 825 900
1,000 966 947 948 311 310 314 320 321 181 257 140
CWIP 12 36 13 13 13 14 13 13 12 1 1 2
Investments 56 27 26 26 38 35 36 36 37 80 38 40
577 544 166 159 152 155 162 188 205 580 529 718
Total Assets 1,645 1,573 1,153 1,145 515 514 525 556 576 841 825 900

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
47 47 -4 18 3 -5 15 7 31 8 -75 1
-50 148 -14 9 1 2 8 10 5 12 97 46
-44 -192 -4 -19 -13 -0 -24 -14 -34 -22 -19 -49
Net Cash Flow -47 3 -23 7 -9 -3 -1 2 2 -1 4 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 61 116 86 96 69 77 66 72 53 49 65
Inventory Days 130 149 747 949 178 231 200 186 242 275 152 204
Days Payable 75 86 315 326 213 187 209 212 311 270 156 167
Cash Conversion Cycle 111 124 549 710 61 113 68 40 3 59 45 101
Working Capital Days 85 103 191 189 82 125 64 78 27 499 729 1,384
ROCE % 8% 8% 3% 2% 3% 7% 6% 1% 15% 14% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 73.83% 72.82%
2.85% 2.85% 2.86% 2.86% 2.86% 2.86% 2.91% 3.31% 3.44% 3.44% 0.07% 0.13%
1.45% 1.36% 1.34% 1.35% 1.34% 1.34% 1.33% 1.26% 1.26% 1.25% 2.69% 2.82%
0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%
21.57% 21.65% 21.66% 21.66% 21.66% 21.66% 21.64% 21.31% 21.17% 21.16% 23.10% 23.93%
No. of Shareholders 30,57630,40632,23631,25830,96330,79730,23729,65929,55931,40532,19232,667

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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