Gokul Refoils and Solvent Ltd Stock Analysis

BSE: 532980 | NSE: GOKUL | Solvent Extraction | Small Cap

BSE Share Price Jan 17, 18:01
41.35 -0.55 (-1.31%)

DeciZen - Make an Informed Decision on Gokul Refoils & Solv

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

Semi Strong

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.

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 2.9%8.7%11.5%10.4%2.8%1.4%6.4%1.2%2.7%0.9%-
Value Creation Index -0.8-0.4-0.2-0.3-0.8-0.9-0.5-0.9-0.8-0.9-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 6,4875,7186,3265,8691,643232186817.6109
YoY Gr. Rt. %--11.9%10.6%-7.2%-72%-85.9%-19.6%-95.7%119.1%-42.9%-
Adj EPS -4.51.66.120.60.31.90.20.50.20.3
YoY Gr. Rt. %-NA279.4%-66.7%-68.8%-58.7%626.9%-90%179%-60.4%-
BVPS (₹) 25.126.126.327.220.420.118.81919.521.521.6
Adj Net Profit -59.921.18026.68.33.524.92.56.92.13
Cash Flow from Ops. -900932320-11842423.545.9-110.325.3-
Debt/CF from Ops. -1.91.22-5.10.113.80000-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -51.3%-63.9%-62.2%-42.9%
Adj EPS NA-19.7%-51.9%-60.4%
BVPS -1.71.14.69.8
Share Price -6.7% 15.5% 39% 88%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -15.66.323.27.62.71.39.712.70.91.3
Op. Profit Mgn % 0.71.62.82.21.5-1-4.8-81.611.6-19.3-5.4
Net Profit Mgn % -0.90.41.30.50.51.513.431.439.52129.9
Debt to Equity 5.33.41.91.70.11.200000
Working Cap Days 667867801854454296,4772,7244,1620
Cash Conv. Cycle 2-19-18-9-21-3394-105261240

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.30%

Sales growth has been subdued in last 3 years -62.24%

Net Profit has been subdued in last 3 years -51.93%

Sales growth is not so good in last 4 quarters at -53.80%

Latest Financials - Gokul Refoils and Solvent Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 2.5
TTM Sales (₹ Cr.) 9 2,692
BVPS (₹.) 21.6 29.3
Reserves (₹ Cr.) 194 271
P/BV 1.92 1.41
PE 152.74 16.73
From the Market
52 Week Low / High (₹) 15.50 / 47.80
All Time Low / High (₹) 7.25 / 111.60
Market Cap (₹ Cr.) 409
Equity (₹ Cr.) 19.8
Face Value (₹) 2
Industry PE 14.5

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 (%)

Event Update

Analyst's Notes

News

About Gokul Refoils and Solvent Ltd

Gokul Refoils and Solvent (GRSL) was incorporated in 1992 at Sidhpur. The company is engaged in manufacturing of refining vegetable oils including seed procurement, processing, solvent extraction and marketing of edible oils.

GRSL commenced its export activity in 1995 through its associate concern Gokul Overseas. The company has a presence in the markets of South Korea, Singapore, Taiwan, Thailand, Japan, etc. It exports products like edible oils, de-oiled cakes, castor seeds oil and other agro based commodities.

GRSL has received ISO 9001:2000 certification for its quality management.

Manufacturing facilities

The company is engaged in manufacturing of soybean oil, sunflower oil, palm oil, mustard oil, groundnut oil and vanaspati.

GRSL has its manufacturing facilities at Gandhidham, Sidhpur and Surat. All the units are located at Gujarat.

Its Gandhidham unit has refining capacity of 900 MT and 200MT of vanaspati per day. This unit also has a tin manufacturing plant with capacity of 20000 tin per day.

Its Sidhpur unit has a per day refining capacity of 300MT, seed crushing capacity of 500 tonne and tin manufacturing capacity of  20000 tin.

The company’s Surat plant has refining capacity of 100 MT and tine packing plant 5000 tin per day.

Research and Development (R&D) Facilities

The company's in-house R&D facilities is engaged in upgrading its existing products. It is also engaged in developing new products.

Awards/ Milestones

Gokul Refoils and  Solvent won SEA award for best performance in exports.

GRSL received award from The Federation of Indian Export Organisations for the export of agri products.

2009 - The Company setup a 1,100 TPD Refinery and a 2.4 MW co-generation plant at Haldia, West Bengal.
2010 - The Company set up a Refinery of 400 TPD, 100 TPD Vanaspati plant & 400 TPD Castor facilities at Gandhiham.
2011 - Gokul Refoils bags prestigious Globoil India & SEA Awards 2011

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