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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

₹283.10 0.65 (0.23%)

As on 21-Aug'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

₹283.10 0.65 (0.23%)

As on 21-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,521 Cr.
Current Price
₹283.1
52-Week Low / High
₹249 / 398
TTM EPS
₹6.7
TTM Sales
₹1,600 Cr.
Book Value per Share
₹39.4
P/E Ratio
41.93
In line with its 5-year historical median
Industry PE
53.3
Price to Book (P/B)
7.17
Lower than its 5-year historical median
Price to Sales (P/S)
2.20
Lower than its 5-year historical median
EV/EBITDA
30.04
Lower than its 5-year historical median
Dividend Yield
0.35%
Profitability Efficiency
Return on Equity (ROE)
16.69%
Outperforms industry median
Return on Capital Employed (ROCE)
19.27%
Outperforms industry median
Return on Assets (ROA)
11.77%
Operating Profit Margin
7.2%
Net Profit Margin
4.88%
Gross Profit Margin
6.4%
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)
Improving versus 3-year growth rate
-3.75%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
287.63%
Asset Quality
Promoter Holding
81.45%
Pledged shares (%) of Promoter's holding (%)
11.94%
Reserves
₹479 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

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 7.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Gopal Snacks Ltd?
Promoters hold 81.45% 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 -22.6% 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 1,1281,3511,3951,4031,4681,600
Sales YoY Gr.-19.8%3.2%0.6%4.7%-
Adj EPS 1.83.3984.16.7
YoY Gr.-89.2%170.9%-11.5%-49%-
BVPS (₹) 10.914.323.331.332.539.4
Adj Net
Profit
21.941.511299.450.884
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 - - - -22.7%

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
16.126.54829.212.818.8
Op. Profit
Mgn %
5.5714.1127.27.3
Net Profit
Mgn %
1.93.18.17.13.55.3
Debt to
Equity
10.90.40.20.2-
Working Cap
Days
03442596533
Cash Conv.
Cycle
02331474615

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!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.005.710.005.7110.3411.9411.94
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,1281,3511,3951,4021,4681,508
Operating Expenses + 1,0671,2561,1981,2341,3631,407
Manufacturing Costs678586104113125
Material Costs9241,0739991,0031,1001,101
Employee Cost 57748297108116
Other Costs 192332304265
Operating Profit 6095196168105101
Operating Profit Margin (%) 5.4%7.0%14.1%12.0%7.2%6.7%
Other Income + 144464
Exceptional Items 0000-4739
Interest 111411537
Depreciation 243137363339
Profit Before Tax 26541521322799
Tax 5133932826
Profit After Tax 21421121001974
PAT Margin (%) 1.9%3.1%8.1%7.1%1.3%4.9%
Adjusted EPS (₹)1.73.39.08.01.55.9
Dividend Payout Ratio (%)0%0%0%3.10%65.60%10.20%
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 136178291390405478
Share Capital 1112121212
Reserves 135177278378392466
Debt +117132816363150
Long Term Debt7679494122
Short Term Debt4153335963128
Minority Interest000000
Trade Payables1779211834
Others Liabilities 718380645152
Total Liabilities 342400461539537715

Fixed Assets

Net Fixed Assets +175213238229228305
Gross Block287355417441425536
Accumulated Depreciation112141179213198231
CWIP 434710134679
Investments 122000
Inventories8787145206157193
Trade Receivables81411302456
Cash Equivalents 51292411
Others Assets 243526378281
Total Assets 342400461539537715
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 2259122696846
PBT 26541521322799
Adjustment 34444740824
Changes in Working Capital -32-31-36-71-21-45
Tax Paid -6-9-41-32-20-11
Cash Flow From Investing Activity + -76-74-50-5-82-126
Capex -76-73-25-30-84-147
Net Investments 0-1-2625-0-0
Others 0011121
Cash Flow From Financing Activity + 5812-69-44-1080
Net Proceeds from Shares 000000
Net Proceeds from Borrowing 6825-31-45-322
Interest Paid -10-13-11-4-3-6
Dividend Paid 0000-6-2
Others -0-0-276266
Net Cash Flow 4-4321-240
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)15.5626.5147.9729.244.7816.69
ROCE (%)13.622.0544.0332.076.5519.27
Asset Turnover Ratio3.33.653.242.812.782.47
PAT to CFO Conversion(x)1.051.41.090.693.580.62
Working Capital Days
Receivable Days2.402.903.305.406.509.40
Inventory Days28.1023.5030.4045.6044.2041.30
Payable Days6.904.2035.506.408.50

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Gopal Snacks Ltd FAQs

The current trading price of Gopal Snacks on 21-Aug-2026 16:59 is ₹283.1.

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 20-Aug-2026 the market cap of Gopal Snacks stood at ₹3,521.2 Cr

The latest P/E ratio of Gopal Snacks as of 20-Aug-2026 is 41.93.

The latest P/B ratio of Gopal Snacks as of 20-Aug-2026 is 7.17.

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 ₹1,600 ( 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 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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