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Gopal Snacks Ltd (GOPAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544140 NSE: GOPAL Consumer Food | Small Cap | Gopal Snacks Share Price

₹287.20 -5.70 (-1.95%)

As on 04-Jun'26 16:59

Gopal Snacks Ltd (GOPAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544140 NSE: GOPAL Consumer Food | Small Cap | Gopal Snacks Share Price

₹287.20 -5.70 (-1.95%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,580 Cr.
Current Price
₹287.2
52-Week Low / High
₹249 / 398
TTM EPS
₹5.9
TTM Sales
₹1,500 Cr.
Book Value per Share
₹38.4
P/E Ratio
48.61
Higher than its 5-year historical median
Industry PE
55.5
Price to Book (P/B)
7.48
Lower than its 5-year historical median
Price to Sales (P/S)
2.39
Lower than its 5-year historical median
EV/EBITDA
35.32
Higher than its 5-year historical median
Dividend Yield
0.38%
Profitability Efficiency
Return on Equity (ROE)
4.78%
Underperforms industry median
Return on Capital Employed (ROCE)
6.55%
Underperforms industry median
Return on Assets (ROA)
3.53%
Operating Profit Margin
7.2%
Net Profit Margin
1.29%
Gross Profit Margin
7.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.67%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-37.53%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-80.92%
Asset Quality
Promoter Holding
81.46%
Pledged shares (%) of Promoter's holding (%)
11.94%
Reserves
₹466 Cr.
Equity
₹12.5 Cr.
Face Value
₹1
All Time Low / High
₹249.00 / 519.95

Gopal Snacks stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Gopal Snacks Ltd a good quality company?
Gopal Snacks Ltd is a weak quality company, based on a inconsistent 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 Gopal Snacks Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Gopal Snacks Ltd vs industry peers?
Gopal Snacks Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 7.03%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Gopal Snacks Ltd?
Promoters hold 81.46% of the Gopal Snacks Ltd, with 11.94% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Gopal Snacks Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -0.98% 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.
Gopal Snacks Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.6%22.1%44%32.1%6.6%-
Value Creation
Index
0.00.62.21.3-0.5-

Growth Parameters

Sales 1,1281,3511,3951,4031,4681,500
Sales YoY Gr.-19.8%3.2%0.6%4.7%-
Adj EPS 1.83.3984.15.9
YoY Gr.-89.2%170.9%-11.5%-49%-
BVPS (₹) 10.914.323.331.332.538.4
Adj Net
Profit
21.941.511299.450.874
Cash Flow from Ops. 22.458.612268.868.3-
Debt/CF from Ops. 6.22.80.911-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA2.8%4.7%
Adj EPS NANA6.9%-49%
BVPSNANA31.6%3.7%
Share Price - - - -19.5%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
16.126.54829.212.816.7
Op. Profit
Mgn %
5.5714.1127.26.8
Net Profit
Mgn %
1.93.18.17.13.54.9
Debt to
Equity
10.90.40.20.20
Working Cap
Days
03442596633
Cash Conv.
Cycle
02331474715

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales1,1281,3511,3951,4021,468
Operating Expenses + 1,0671,2561,1981,2341,363
Manufacturing Costs678586104113
Material Costs9241,0739991,0031,100
Employee Cost 57748297108
Other Costs 1923323042
Operating Profit 6095196168105
Operating Profit Margin (%) 5.4%7.0%14.1%12.0%7.2%
Other Income + 14446
Exceptional Items 0000-47
Interest 11141153
Depreciation 2431373633
Profit Before Tax 265415213227
Tax 51339328
Profit After Tax 214211210019
PAT Margin (%) 1.9%3.1%8.1%7.1%1.3%
Adjusted EPS (₹)1.73.39.08.01.5
Dividend Payout Ratio (%)0%0%0%3.10%65.60%

Valuation of Gopal Snacks - 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'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 136178291390405
Share Capital 11121212
Reserves 135177278378392
Debt +117132816363
Long Term Debt76794941
Short Term Debt4153335963
Minority Interest00000
Trade Payables17792118
Others Liabilities 7183806451
Total Liabilities 342400461539537

Fixed Assets

Net Fixed Assets +175213238229228
Gross Block287355417441425
Accumulated Depreciation112141179213198
CWIP 4347101346
Investments 12200
Inventories8787145206157
Trade Receivables814113024
Cash Equivalents 5129241
Others Assets 2435263782
Total Assets 342400461539537

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 22591226968
PBT 265415213227
Adjustment 3444474082
Changes in Working Capital -32-31-36-71-21
Tax Paid -6-9-41-32-20
Cash Flow From Investing Activity + -76-74-50-5-82
Capex -76-73-25-30-84
Net Investments 0-1-2625-0
Others 00111
Cash Flow From Financing Activity + 5812-69-44-10
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 6825-31-45-3
Interest Paid -10-13-11-4-3
Dividend Paid 0000-6
Others -0-0-2762
Net Cash Flow 4-4321-24

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)15.5626.5147.9729.244.78
ROCE (%)13.622.0544.0332.076.55
Asset Turnover Ratio3.33.653.242.812.73
PAT to CFO Conversion(x)1.051.41.090.693.58
Working Capital Days
Receivable Days2.402.903.305.406.60
Inventory Days28.1023.5030.4045.6045
Payable Days6.904.2035.506.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.005.710.005.7110.3411.94
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Gopal Snacks Ltd FAQs

The current trading price of Gopal Snacks on 04-Jun-2026 16:59 is ₹287.2.

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 Gopal Snacks stood at ₹3,580.4 Cr

The latest P/E ratio of Gopal Snacks as of 03-Jun-2026 is 48.61.

The latest P/B ratio of Gopal Snacks as of 03-Jun-2026 is 7.48.

The 52-week high of Gopal Snacks is ₹398.4 and the 52-week low is ₹249.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gopal Snacks is ₹1,500 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gopal Snacks Ltd is a below average quality company.

The key valuation ratios of Gopal Snacks Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

About Gopal Snacks Ltd

Gopal Snacks is primarily engaged in the business of manufacturing and sale of namkeen, gathiya, papad, western snacks such as wafers, corn snacks and snack pellets. The company offers a wide variety of savoury products under its brand ‘Gopal’, including ethnic snacks such as namkeen and gathiya, western snacks such as wafers, extruded snacks and snack pellets, along with fast-moving consumer goods that include papad, spices, gram flour or besan, noodles, rusk and soan papdi. Over the years, the company has leveraged its experience and understanding of the preferences and tastes of its consumers, and target markets to develop a wide range of products, which has enabled it to strengthen its foothold in the Indian snacks industry.

The company has expanded its footprint across India, with its products being sold over many locations. It also relies on channels such as ecommerce, modern trade and exports for sale of its products. It has implemented a distribution management system that helps it coordinate with its distributors and provides visibility on its inventory levels and distributor sales, enabling it to optimise its distribution network. It also offers real-time insights on demand for its products, allowing it to make data-driven decisions, plan its operations and meet demands of its consumers in a timely and effective manner. 

In addition, the company engages third party manufacturers on a need basis to produce its products such as chikki, nachos, noodles, rusk, soan papdi and washing bar. Its manufacturing operations are vertically integrated which include in-house manufacturing capabilities of certain key ingredients such as besan or gram flour, raw snack pellets, spices and seasoning, as well as the ability to tailor machines to its specific needs for manufacturing of its product portfolio.

The company was initially formed as a partnership firm as ‘Gopal Gruh Udhyog’ at Rajkot, India with effect from April 1, 1999. The partnership firm was registered under the Partnership Act, 1932 with the Registrar of Firms, Rajkot Division, Rajkot on October 19, 2006. The name of the partnership firm was changed to ‘Gopal Snacks’ with effect from November 23, 2009, and the same was recorded by the Registrar of Firms, Rajkot Division, Rajkot on November 30, 2009. The partnership firm was subsequently converted into a joint stock company and registered as a private limited company under the Companies Act, 1956 under the name ‘Gopal Snacks Private Limited’ pursuant to a certificate of incorporation dated December 7, 2009, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders in its EGM held on March 15, 2023, following which the name of the Company was changed to ‘Gopal Snacks Limited’, and the RoC issued a fresh certificate of incorporation on March 31, 2023.

Business area of the company

The company is engaged in the business of manufacturing various types of ready-to-eat namkeens, snack pallets, corn products, potato chips, papad, besan, spices, etc.

History and milestones

  • 1994: Bipin Hadvani ventured into the Namkeen products business, laying the foundation for Gopal Snacks Limited's journey
  • 1999: Gopal Gruh Udyog was established, marking the official start of Gopal Snacks’ venture into snack production. Starting with supplying Namkeen and Snacks to the local Rajkot market, the company steadily grew to earn a reputable stature.
  • 2009: Gopal Snacks Pvt Ltd was formally incorporated, dedicating itself to manufacturing and distributing snack products.
  • 2010: The primary manufacturing facility was established in Rajkot, Gujarat, expanding production capabilities and geographic reach.
  • 2015: In-house automation and engineering facilities were initiated for Namkeen machineries, enhancing operational efficiency and product quality.
  • 2017: Backward integration of logistics vehicle engineering and customization was implemented, optimizing distribution channels.
  • 2018: Another primary manufacturing facility opened in Nagpur, Maharashtra, further boosting production capacity. 
  • 2018: Backward integration was strengthened with the launch of Besan manufacturing at the ancillary facility in Rajkot, Gujarat.
  • 2019: Further expansion of backward integration included additional ancillary facilities in Rajkot, Gujarat, focusing on Raw snack pallet and spice production.
  • 2021: A primary manufacturing facility was established in Modasa, Gujarat, equipped with advanced technologies for enhanced production.
  • 2022: A state-of-the-art cold storage facility was operationalized of 40,000 metric tons, ensuring product freshness and availability.
  • 2023: Established a Raw snack pallet manufacturing facility in Modasa, Gujarat, further expanding production capabilities and supply chain efficiency. 
  • 2023: Commissioning of a windmill generating 2 MW of power capacity demonstrated commitment to sustainable practices.
  • 2024: Listed on NSE and BSE in March, marking a significant milestone in Gopal Snacks’ journey towards becoming a publicly recognized entity.
  • 2025: Despite challenges including a big fire incident, the company achieved a record turnover of Rs 1,468 crore, reflecting its resilience and growth.

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