Is Goa Carbon Ltd (GOACARBON) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Goa Carbon Ltd is a average quality company .

Is Goa Carbon Ltd (GOACARBON) undervalued or overvalued?

The key valuation ratios of Goa Carbon Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Goa Carbon Ltd (GOACARBON) share price return in the past 10 years?

Goa Carbon Ltd share price has appreciated 15.9% annually (CAGR) over the past ten years.

Is Goa Carbon Ltd (GOACARBON) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Goa Carbon Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Goa Carbon Ltd (GOACARBON)?

Company share prices are keep on changing according to the market conditions. The current trading price of Goa Carbon Ltd (GOACARBON) on 30-Apr-2026 16:59:59 at 16:59 is 370.00.

What is the P/E ratio of Goa Carbon?

The latest standalone P/E ratio of Goa Carbon as of 30-Apr-2026 is 0.00.

What is the P/B ratio of Goa Carbon Ltd (GOACARBON)?

The latest standalone P/B ratio of Goa Carbon Ltd (GOACARBON) as of 30-Apr-2026 is 2.05.

What is the 52-week high and low of Goa Carbon Ltd (GOACARBON)?

The 52-week high of Goa Carbon Ltd (GOACARBON) is Rs. 532.30 and the 52-week low is Rs. 272.20.

Goa Carbon Ltd (GOACARBON) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Goa Carbon Ltd (GOACARBON)
Brand: Goa Carbon

Goa Carbon Ltd (GOACARBON) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 509567 NSE: GOACARBON | Carbon Black | Small Cap

Goa Carbon Ltd (GOACARBON)

BSE: 509567 NSE: GOACARBON

Key Metrics

Market Cap

₹339 Cr.

P/E Ratio

0.00

Price to Book (P/B)

2.05

Price to Sales (P/S)

0.54

EV/EBITDA

-17.97

Return on Capital Employed (ROCE)

-1.91%

Current Price

₹370

Return on Equity (ROE)

-9.47%

Return on Assets (ROA)

-3.85%

Operating Profit Margin

-3.7%

Net Profit Margin

-4.33%

Gross Profit Margin

-5%

Book Value per Share

₹180.1

Sales Growth (YoY)

-51.91%

Sales Growth (3 Years)

-12.77%

Operating Profit Growth (1 Year)

-114.7%

Operating Profit Growth (3 Years)

NAN%

Net Profit Growth (1 Year)

-125.77%

52-Week Low / High

₹272 / 532

Net Profit Growth (3 Years)

NAN%

Dividend Yield

0.00%

Promoter Holding

59.72%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Goa Carbon Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 16% based on the current price.

Q.1 Revenue growth of Goa Carbon Ltd?

Goa Carbon Ltd revenue growth is -51.9% for FY-2025, which is below its 5-year CAGR of 4.07%, indicating slower growth.

Q.1 Which industry/sub-sector does Goa Carbon Ltd belong to?

Goa Carbon Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Carbon Black segment.

Q.1 Promoter shareholding and pledge status of Goa Carbon Ltd?

Promoters hold 59.72% of the Goa Carbon Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Goa Carbon Ltd vs industry peers?

Goa Carbon Ltd revenue CAGR is 4.07%, compared to the industry median CAGR of 12.73%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Goa Carbon

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Goa Carbon stock performance

Key Ratios

Is Goa Carbon Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	4.2%	9.4%	35.5%	0.4%	-15.3%	5%	24.8%	32.1%	23.5%	-1.9%	-
Value Creation Index ⓘ	-0.7	-0.3	1.5	-1.0	-2.1	-0.6	0.8	1.3	0.7	-1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	316	291	576	462	417	353	766	1,364	1,057	508	627
Sales YoY Gr.	-	-7.9%	98%	-19.9%	-9.8%	-15.3%	117.2%	78.1%	-22.5%	-51.9%	-
Adj EPS ⓘ	-3.4	7.8	56.9	-8.6	-30.3	-4.8	43.8	86.6	92.4	-25.8	-64.8
YoY Gr.	-	NA	629.5%	-115.2%	NA	NA	NA	97.5%	6.7%	-127.9%	-
BVPS (₹) ⓘ	77.6	87.7	137	117.6	86.4	83.3	125.2	203.3	270.5	237.8	180.1
Adj Net Profit ⓘ	-3.1	7.1	52.1	-7.9	-27.8	-4.4	40.1	79.2	84.5	-23.6	-59
Cash Flow from Ops. ⓘ	34.6	17.4	26.8	110	3.5	-15.1	-39.9	-116	196	-53.9	-
Debt/CF from Ops. ⓘ	6	9.1	7.3	0	1.1	-2.1	-6	-3.7	1.7	-5.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.4%	4.1%	-12.8%	-51.9%
Adj EPS ⓘ	NA	NA	-183.8%	-127.9%
BVPSⓘ	13.3%	22.4%	23.8%	-12.1%
Share Price	15.9%	3.2%	-9.1%	-18.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-4.3	9.4	50.6	-6.8	-29.8	-5.7	42.1	52.7	39	-10.2	-31
Op. Profit Mgn % ⓘ	2.2	5.9	16	0.1	-3.6	1.9	7.8	10.6	12.1	-3.7	-6.7
Net Profit Mgn % ⓘ	-1	2.5	9	-1.7	-6.7	-1.3	5.2	5.8	8	-4.6	-9.5
Debt to Equity ⓘ	2.9	2	1.6	0	0.1	0.4	2.1	2.3	1.4	1.3	-
Working Cap Days ⓘ	161	156	102	186	194	193	103	102	148	241	203
Cash Conv. Cycle ⓘ	106	103	70	65	-11	5	31	59	98	197	57

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-64.8	10
TTM Sales (₹ Cr.)	627	291
BVPS (₹) ⓘ	180.1	0
Reserves (₹ Cr.) ⓘ	156	71
P/BV ⓘ	2.05	0.00
PE ⓘ	0.00	37.18

From the Market
52 Week Low / High (₹)	272.20 / 532.30
All Time Low / High (₹)	8.18 / 1215.40
Market Cap (₹ Cr.)	339
Equity (₹ Cr.)	9.2
Face Value (₹)	10
Industry PE ⓘ	42.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Goa Carbon - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	316	291	576	462	417	353	766	1,364	1,057	508
Operating Expenses ⓘ +	309	274	484	461	431	347	709	1,220	929	527
Manufacturing Costs	9	9	20	21	24	21	27	29	27	29
Material Costs	255	220	410	395	355	288	629	1,133	840	436
Employee Cost	16	17	19	18	18	18	24	23	22	22
Other Costs ⓘ	29	27	36	27	34	19	30	36	41	40
Operating Profit ⓘ	7	17	92	1	-15	6	57	144	128	-19
Operating Profit Margin (%)	2.2%	5.9%	16.0%	0.1%	-3.6%	1.8%	7.4%	10.6%	12.1%	-3.7%
Other Income ⓘ +	6	9	9	2	2	1	3	13	14	11
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	15	9	10	12	14	10	16	46	24	18
Depreciation ⓘ	2	2	2	2	2	2	2	2	2	3
Profit Before Tax ⓘ	-4	16	90	-11	-28	-5	41	108	116	-28
Tax ⓘ	-1	6	36	-3	-1	-0	3	27	30	-6
Profit After Tax	-3	9	54	-8	-28	-5	38	81	86	-22
PAT Margin (%)	-1.0%	3.3%	9.3%	-1.6%	-6.7%	-1.4%	4.9%	5.9%	8.1%	-4.3%
Adjusted EPS (₹)	-3.4	10.4	58.8	-8.2	-30.3	-5.3	41.3	88.2	93.4	-24.1
Dividend Payout Ratio (%)	0%	43.40%	25.50%	0%	0%	0%	24.20%	19.80%	21.40%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	71	80	125	108	79	76	115	186	248	218
Share Capital ⓘ	9	9	9	9	9	9	9	9	9	9
Reserves ⓘ	62	71	116	98	70	67	105	177	238	208
Debt +	205	159	195	0	4	31	240	422	334	280
Long Term Debt	0	0	0	0	0	0	9	9	7	0
Short Term Debt	205	159	195	0	4	31	231	413	327	280
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	11	9	14	214	119	148	60	143	15	18
Others Liabilities ⓘ	12	15	26	24	15	16	17	22	21	12
Total Liabilities ⓘ	299	263	360	347	217	271	431	773	618	528
Fixed Assets
Net Fixed Assets ⓘ +	27	25	24	27	26	24	23	22	27	27
Gross Block	65	27	28	33	34	34	35	36	43	45
Accumulated Depreciation	38	2	4	6	8	10	12	14	16	19
CWIP ⓘ	0	0	4	0	0	3	4	3	0	1
Investments ⓘ	9	11	2	3	2	4	5	7	35	10
Inventories	87	83	93	166	97	105	147	328	218	235
Trade Receivables	19	22	56	62	22	64	28	155	61	66
Cash Equivalents ⓘ	118	88	142	35	26	28	179	202	237	135
Others Assets ⓘ	38	33	39	53	43	42	45	57	38	53
Total Assets ⓘ	299	263	360	347	217	271	431	773	618	528

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	35	17	27	110	3	-15	-40	-116	196	-54
PBT ⓘ	-4	16	90	-11	-28	-5	41	108	116	-28
Adjustment ⓘ	12	1	6	6	19	11	17	38	17	11
Changes in Working Capital ⓘ	20	3	-39	115	13	-21	-97	-237	92	-33
Tax Paid ⓘ	7	-3	-29	-0	-0	-0	-1	-24	-29	-4
Cash Flow From Investing Activity ⓘ +	-67	11	2	61	15	-9	-140	-20	99	80
Capex	-3	-0	-5	-2	-2	-2	-2	1	-4	-3
Net Investments	-68	6	4	59	15	-8	-140	-31	97	78
Others ⓘ	4	5	2	3	2	1	2	10	6	5
Cash Flow From Financing Activity ⓘ +	34	-56	20	-218	-12	18	191	127	-138	-80
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	9	0	-2	-6
Interest Paid ⓘ	-11	-9	-9	-12	-15	-10	-18	-47	-24	-18
Dividend Paid ⓘ	-1	-1	-7	-9	0	0	0	-9	-25	-9
Others ⓘ	46	-46	36	-197	3	27	200	182	-87	-47
Net Cash Flow ⓘ	1	-27	49	-47	6	-7	11	-9	158	-53

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-4.24	12.55	52.36	-6.45	-29.73	-6.2	39.6	53.72	39.44	-9.47
ROCE (%)	4.24	9.43	35.49	0.37	-15.32	5	24.76	32.09	23.46	-1.91
Asset Turnover Ratio	1.29	1.18	1.89	1.31	1.48	1.45	2.18	2.27	1.52	0.89
PAT to CFO Conversion(x)	N/A	1.89	0.5	N/A	N/A	N/A	-1.05	-1.43	2.28	N/A
Working Capital Days
Receivable Days	24.90	22.50	24.30	46.70	36.60	44.50	22.10	24.50	37.20	45.60
Inventory Days	92.70	93.90	54.90	102.70	115.50	104.80	60.10	63.50	94.30	162.90
Payable Days	13.40	16.50	10.30	105.50	171	168.80	60.10	32.60	34.30	14

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Goa Carbon Ltd FAQs

The current trading price of Goa Carbon on 30-Apr-2026 16:59 is ₹370.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2026 the market cap of Goa Carbon stood at ₹338.6 Cr

The latest P/E ratio of Goa Carbon as of 29-Apr-2026 is 0.00.

The latest P/B ratio of Goa Carbon as of 29-Apr-2026 is 2.05.

The 52-week high of Goa Carbon is ₹532.3 and the 52-week low is ₹272.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goa Carbon is ₹627 ( Cr.) .

About Goa Carbon Ltd

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.

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Goa Carbon Ltd (GOACARBON) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Goa Carbon Share Price