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Goel Food Products Ltd (543538)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543538 NSE: Consumer Food | Small Cap | Goel Food Products Share Price

₹13.75 -0.35 (-2.48%)

As on 04-Jun'26 16:59

Goel Food Products Ltd (543538)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543538 NSE: Consumer Food | Small Cap | Goel Food Products Share Price

₹13.75 -0.35 (-2.48%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹26 Cr.
Current Price
₹13.8
52-Week Low / High
₹9 / 20
TTM EPS
₹1.5
TTM Sales
₹21.9 Cr.
Book Value per Share
₹19.8
P/E Ratio
9.17
Lower than its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
0.70
Lower than its 5-year historical median
Price to Sales (P/S)
1.18
Lower than its 5-year historical median
EV/EBITDA
6.82
Lower than its 5-year historical median
Dividend Yield
0.33%
Profitability Efficiency
Return on Equity (ROE)
25.39%
Outperforms industry median
Return on Capital Employed (ROCE)
18.92%
Outperforms industry median
Return on Assets (ROA)
8.75%
Operating Profit Margin
40.5%
Net Profit Margin
20.72%
Gross Profit Margin
32.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.15%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
22.86%
Net Profit Growth (1 Year)
-
24.07%
Asset Quality
Promoter Holding
73.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹18 Cr.
Equity
₹18.9 Cr.
Face Value
₹10
All Time Low / High
₹8.54 / 78.00

Goel Food Products stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Goel Food Products Ltd a good quality company?
Goel Food Products Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Goel Food Products Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Goel Food Products Ltd vs industry peers?
Goel Food Products Ltd revenue CAGR is 12.71%, compared to the industry median CAGR of 7.03%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Goel Food Products Ltd?
Promoters hold 73.99% of the Goel Food Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Goel Food Products Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -19.58% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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.
Goel Food Products Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.8%9.4%4.7%15.1%18.2%18.9%-
Value Creation
Index
-0.4-0.3-0.70.10.30.4-

Growth Parameters

Sales 13.315.57.116.822.524.122
Sales YoY Gr.-16.7%-53.9%134.7%34.4%7.2%-
Adj EPS 0.90.401.42.12.71.5
YoY Gr.--58.9%-91.9%4600%51.8%23.8%-
BVPS (₹) 4.54.64.769.111.819.8
Adj Net
Profit
1.50.602.3453
Cash Flow from Ops. -0.40.76.3-12.3-3.16.8-
Debt/CF from Ops. -44.732.22.4-2.4-10.54.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA12.7%50.1%7.2%
Adj EPS NA24.1%345.4%23.8%
BVPSNA21%36.2%29.2%
Share Price - - -25.7% -19.1%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
19.98.20.626.529.825.49.5
Op. Profit
Mgn %
17.719.12632.935.340.5NAN
Net Profit
Mgn %
11.13.90.613.817.920.712.9
Debt to
Equity
2.3323.11.91.3-
Working Cap
Days
02704913455055770
Cash Conv.
Cycle
0-48-106-41-40-260

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales13.2715.487.1416.7622.5324.14
Operating Expenses + 10.9212.535.2811.2514.5714.36
Manufacturing Costs2.0320.421.422.082.24
Material Costs4.866.823.15687.84
Employee Cost 0.780.620.450.470.820.82
Other Costs 3.253.081.263.363.673.47
Operating Profit 2.352.961.865.517.969.78
Operating Profit Margin (%) 17.7%19.1%26.0%32.9%35.3%40.5%
Other Income + 0.600.590.400.201.220.86
Exceptional Items 00-0.07000
Interest 1.371.681.191.702.682.80
Depreciation 0.760.960.941.021.051.06
Profit Before Tax 0.810.900.0635.456.78
Tax -0.680.270.070.691.431.78
Profit After Tax 1.480.63-02.314.035
PAT Margin (%) 11.2%4.1%-0.1%13.8%17.9%20.7%
Adjusted EPS (₹)0.90.40.01.42.12.7
Dividend Payout Ratio (%)0%0%0%0%0%3.80%

Valuation of Goel Food Products - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund + 7.427.547.639.8317.2022.20
Share Capital 0.820.820.823.273.773.77
Reserves 6.606.736.816.5713.4318.43
Debt +16.1021.9414.0528.2030.7927.81
Long Term Debt9.9413.1413.3026.2229.1726.32
Short Term Debt6.178.800.761.991.631.49
Minority Interest000000
Trade Payables1.422.581.311.522.191.79
Others Liabilities 4.093.263.605.225.736.63
Total Liabilities 29.0335.3326.5944.7855.9158.43

Fixed Assets

Net Fixed Assets +17.9917.7016.9317.0816.7315.94
Gross Block23.1223.7223.8925.0625.7326.01
Accumulated Depreciation5.136.026.967.989.0110.07
CWIP 0.010.961.16000.11
Investments 0.120.120000
Inventories0.510.330.540.220.620.86
Trade Receivables0.300.150.100.180.562.06
Cash Equivalents 0.354.231.622.871.713.51
Others Assets 9.7511.846.2424.4336.2935.95
Total Assets 29.0335.3326.5944.7855.9158.43

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity + -0.390.706.29-12.28-3.066.78
PBT 0.810.900.0635.456.78
Adjustment 1.742.111.722.533.353.07
Changes in Working Capital -2.78-2.154.5-17.84-10.92-1.67
Tax Paid -0.15-0.1600.03-0.94-1.40
Cash Flow From Investing Activity + -2.96-1.080.110.15-0.350.41
Capex -3.23-0.64-0.15-0.03-0.70-0.39
Net Investments -0.1200.05000
Others 0.39-0.440.210.180.350.80
Cash Flow From Financing Activity + 3.464.25-913.392.95-5.39
Net Proceeds from Shares 00003.340
Net Proceeds from Borrowing -1.213.210.1512.922.95-2.85
Interest Paid -1.37-1.67-1.18-1.69-2.64-2.78
Dividend Paid 000000
Others 6.042.72-7.972.15-0.690.24
Net Cash Flow 0.113.88-2.611.25-0.461.80

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)208.43-0.0626.4829.7825.39
ROCE (%)8.819.414.7415.0618.2318.92
Asset Turnover Ratio0.460.480.230.470.450.42
PAT to CFO Conversion(x)-0.261.11N/A-5.32-0.761.36
Working Capital Days
Receivable Days8.305.406.503.10619.80
Inventory Days14.109.9022.308.306.8011.20
Payable Days106.90107.102258684.7092.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Goel Food Products Ltd FAQs

The current trading price of Goel Food Products on 04-Jun-2026 16:59 is ₹13.75.

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 03-Jun-2026 the market cap of Goel Food Products stood at ₹25.92 Cr

The latest P/E ratio of Goel Food Products as of 03-Jun-2026 is 9.17.

The latest P/B ratio of Goel Food Products as of 03-Jun-2026 is 0.70.

The 52-week high of Goel Food Products is ₹20.41 and the 52-week low is ₹8.54.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goel Food Products is ₹21.91 ( Cr.) .

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

The key valuation ratios of Goel Food Products Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Goel Food Products Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Goel Food Products Ltd

The company was originally incorporated on January 31, 1996 as a Private Limited Company as “Goel Food Products Private Limited” vide Registration No. 21-76909 under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Subsequently, pursuant to a special resolution of its Shareholders passed in the Extraordinary General Meeting held on February 17, 2022, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Goel Food Products Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on February 25, 2022 by the Registrar of Companies, Kolkata.

The company was incorporated on January 31, 1996. Initially, it started as an Indian Snacks and Sweets Manufacturing Company. While being into the Indian snacks and sweets business for more than decade, the company deal with various event management company to whom it provided services of marriage and other incidental services. During this period, its promoters saw an opportunity in the catering and event planning industry and in the year 2009, the company opened its 1st banquet hall in Ultadanga, Kolkata and since then it has been growing in terms of its presence in Kolkata. From one location it has expanded to four locations in Kolkata and currently it has 8 banquets halls and 2 Indian sweets and snack shop and one hotel and one guest house. It provide services such as organizing events like Marriages, Sangeet, Ring Ceremony, Birthday Parties, Anniversary Parties, Kitty Parties, Corporate Events, Kirtans (Devotional Singing), Thread Ceremony at its banquets hall and it serve Indian snack and Sweets at its retail shop. It also generate rent income from its hotels and guest house, apart from the event management business. The company operates only in one city i.e., Kolkata.

The company’s skilled team does a spectacular job in customizing the decoration of the entire venue preparation of food and management of the entire event. The contemporary design and lighting inside the venue gives every event a chic vibe. The beautifully decorated banquet hall and excellent services with a pleasant ambiance makes its banquet hall a perfect venue for small- and large-scale weddings or pre wedding events. An additional open area is also provided for setting-up the food. There is a new trend growing i.e., destination weddings and the company sees a great opportunity which can be taken upon. The company has started wedding packages which includes the destination weddings. It provide Marriage packages wherein it provide hotel for the guest to stay and banquet hall. This gives an opportunity to the company to enter into hospitality sector as well.

Business area of the company

Goel Food Products engages in the business of manufacturing Indian Snacks and Sweets. The company provide services such as organizing events like Marriages, Sangeet, Ring Ceremony, Birthday Parties, Anniversary Parties, Kitty Parties, Corporate Events, Kirtans (Devotional Singing), Thread Ceremony at the banquets hall and serves Indian snack and Sweets at the company retail shop.

Major events and milestones

  • 1996: Incorporation of the Company.
  • 2009: Set up First Banquet Hall in Golaghata, Kolkata.
  • 2009: Set up Second Banquet Hall in Golaghata, Kolkata.
  • 2014: Set up Banquet Hall in Baguihati, Kolkata.
  • 2020: Rented a Banquet Hall in Howrah, Kolkata.
  • 2020: Rented a Second Banquet Hall in Howrah, Kolkata.
  • 2020: Rented a Third Banquet Hall in Howrah, Kolkata.
  • 2020: Opened its 1st Indian Snacks and Sweet Shop, Howrah, Kolkata.
  • 2020: Rented a Fourth Banquet Hall in Howrah, Kolkata.
  • 2020: Opened its 2nd Indian Snacks and Sweet Shop, Golaghata, Kolkata.
  • 2022: Conversion of a Company from Private Limited to Public Limited.
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