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Goa Carbon Ltd. Stock Analysis

Small Cap
Evaluated by 702 users | BSE: 509567 | NSE: GOACARBON |
Carbon Black
Incorporated in 1967 as a public limited company with a paid-up capital of about Rs. 91.5 million, Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke.It is a company of the Dempo Group, a reputed business house in Goa. The main business activities of the...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 1.06%6.82%8.03%6.11%3.66%1.05%2.99%5.09%21.05%0.11%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 251268344296292188316291576462
Y-o-Y Gr. Rt.-6.9%28.4%-14.1%-1.2%-35.6%68.2%-7.9%98%-19.9%
Adjusted EPS (Rs.) -4.099.3715.7311.575.86-3.34-3.377.856.9-8.62
Y-o-Y Gr. Rt.-NA67.9%-26.5%-49.4%-157%NANA629.5%-115.2%
Book Value per Share (Rs.) 74.2479.6486.4592.1993.5380.9477.5887.73137.03117.57
Adjusted Net Profit -3.78.614.410.65.4-3.1-3.17.152.1-7.9
Net Op. Cash Flow (Rs. Cr.) 68.6-9.4-23.182.8-32.9-5.834.617.426.8110
Debt to Cash Flow from Ops 1.37-18.24-7.141.61-6.9-27.045.959.137.280
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Goa Carbon Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7%9.6%13.5%-19.9%
Adjusted EPS NA-208%NA-115.2%
Book Value per Share 5.24.714.9-14.2
Share Price 11.3% 25.6% -22.6% -41.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -5.4412.1718.9512.956.31-3.83-4.259.4350.64-6.77
Operating Profit Margin (%) 1.577.97.285.683.271.132.215.8916.020.13
Net Profit Margin (%) -1.493.24.193.581.84-1.63-0.972.459.04-1.71
Debt to Equity 1.392.352.081.582.652.12.891.981.550
Working Capital Days 245196183182159285161156102186
Cash Conversion Cycle 1501261301261021911061037065
Entity Percentage Holding
Promoters 59.72%
Institutions 0.01%
Non-Institutions 40.27%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Goa Carbon's performance infers:

Goa Carbon earnings have declined by -208%, whereas share price has appreciated 25.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Goa Carbon share prices over the last 10 years. Here is what we found out:

Goa Carbon share price has appreciated 7.3% annually over the past ten years.

Incorporated in 1967 as a public limited company with a paid-up capital of about Rs. 91.5 million, Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke.

It is a company of the Dempo Group, a reputed business house in Goa. The main business activities of the Dempo Group are iron ore mining and exports besides pig iron manufacture, barge building, ship repairs and civil construction besides manufacture and marketing of paints

Incorporated in 1967 as a public limited company with a paid-up capital of about Rs. 91.5 million, Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke.

It is a company of the Dempo Group, a reputed business house in Goa. The main business activities of the Dempo Group are iron ore mining and exports besides pig iron manufacture, barge building, ship repairs and civil construction besides manufacture and marketing of paints and varnishes, extruded foods and breakfast cereals, publication of newspapers and marketing of reputed brands of consumer durables and commercial vehicles. The group's turnover exceeds $100 million. 

The calcinations plant of Goa Carbon with 75,000 tpa capacity, was set up with technical assistance from Great Lakes Carbon Corporation (USA). It has a well equipped laboratory and quality control systems and procedures.

Goa Carbon is firmly established as a leading Indian petcoke calciner. It is a regular supplier to aluminium smelters, graphite electrode and Titanium Dioxide manufacturers, as well as other users in the matallurgical and chemical industries.

In 1993, Goa Carbon became the first Indian manufacturer-exporter of petcoke, and along with its subsidiary Paradeep Carbons, exports to Australia, Egypt, Dubai, France, Kuwait, Iran, Saudi Arabia, Singapore, Malaysia, Indonesia, Thailand, South Africa, Russia, Wales and England.  

The quality of Goa Carbon's product has been well accepted by the end users both in India and overseas. The Goa plant has the largest mechanical sieving and screening facilities for petcoke in India.

Total Calcined Petroleum Coke manufacturing capacity of Goa Carbon is 2,40,000 tpa.

Products:

Calcined Petroleum Coke, CPC, Recarburiser, Laddle additive, Carbon raiser

Manufacturing plants:

In 1991, the company acquired a calcination unit with a capacity of 40,000 TPA of calcined petroleum coke. This unit, known as the Goa Carbon Bilaspur Plant is located at Bilaspur in Chattisgarh.

In 2001, Goa Carbon acquired another calcination unit with a capacity of 1,25,000 TPA of calcined petroleum coke. This unit, known as the Goa Carbon Paradeep Plant is located at Paradeep in Orissa.

Achievements:

Goa Carbon's plant is ISO 9001:2000 certified by Bureau Veritas. It is also 14001:2004 certified.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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