Goel Food Products Ltd - Stock Valuation and Financial Performance

BSE: 543538 | NSE: | Consumer Food | Small Cap

Goel Food Products Share Price

152 -0.85 -0.56%
as on 28-Mar'24 16:01

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Goel Food Products stock performance -

mw4me loader
P/E Ratio (SA):
14.24
Market Cap:
57.3 Cr.
52-wk low:
107.4
52-wk high:
223.5

Is Goel Food Products Ltd an attractive stock to invest in?

1. Is Goel Food Products Ltd a good quality company?

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

2. Is Goel Food Products Ltd undervalued or overvalued?

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

3. Is Goel Food Products Ltd a good buy now?

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.

10 Year X-Ray of Goel Food Products:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%6.5%3.3%11.2%13.2%-
Value Creation
Index
-0.3-0.5-0.8-0.2-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13.315.57.116.822.523
Sales YoY Gr.-16.7%-53.9%134.7%34.4%-
Adj EPS 4.51.90.17.110.710.7
YoY Gr.--58.5%-93.1%5338.5%51.1%-
BVPS (₹) 22.723.123.330.145.645.6
Adj Net
Profit
1.50.602.344
Cash Flow from Ops. -0.40.76.3-12.3-3.8-
Debt/CF from Ops. -44.732.22.4-2.4-8.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA13.3%34.4%
Adj EPS NANA78.8%51.1%
BVPSNANA25.5%51.6%
Share Price - - - 40.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
19.98.20.626.529.823.4
Op. Profit
Mgn %
17.719.12632.935.3NAN
Net Profit
Mgn %
11.13.90.613.817.917.9
Debt to
Equity
2.3323.11.9-
Working Cap
Days
02704913455050
Cash Conv.
Cycle
0-48-106-41-400

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.40%

Sales growth is growing at healthy rate in last 3 years 13.33%

Net Profit is growing at healthy rate in last 3 years 78.75%

Debt to equity has declined versus last 3 years average to 1.87

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Goel Food Products Ltd.

Standalone Consolidated
TTM EPS (₹) 10.7 -
TTM Sales (₹ Cr.) 22.5 -
BVPS (₹.) 45.6 -
Reserves (₹ Cr.) 13 -
P/BV 3.33 -
PE 14.24 -
From the Market
52 Week Low / High (₹) 107.40 / 223.45
All Time Low / High (₹) 65.00 / 223.45
Market Cap (₹ Cr.) 57.3
Equity (₹ Cr.) 3.8
Face Value (₹) 10
Industry PE 65.3

Management X-Ray of Goel Food Products:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Goel Food Products

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales13.2715.487.1416.7622.53
Operating Expenses 10.9212.535.2811.2514.57
Manufacturing Costs2.0320.421.422.08
Material Costs4.866.823.1568
Employee Cost 0.780.620.450.470.82
Other Costs 3.253.081.263.363.67
Operating Profit 2.352.961.865.517.96
Operating Profit Margin (%) 17.7%19.1%26.0%32.9%35.3%
Other Income 0.600.590.400.201.22
Interest 1.371.681.191.702.68
Depreciation 0.760.960.941.021.05
Exceptional Items 00-0.0700
Profit Before Tax 0.810.900.0635.45
Tax -0.680.270.070.691.43
Profit After Tax 1.480.6302.314.03
PAT Margin (%) 11.2%4.1%-0.1%13.8%17.9%
Adjusted EPS (₹)4.51.90.07.110.7
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 7.427.547.639.8317.20
Share Capital 0.820.820.823.273.77
Reserves 6.606.736.816.5713.43
Minority Interest00000
Debt16.1021.9414.0528.2030.79
Long Term Debt9.9413.1413.3026.2229.17
Short Term Debt6.178.800.761.991.63
Trade Payables1.422.581.311.522.19
Others Liabilities 4.093.263.605.225.73
Total Liabilities 29.0335.3326.5944.7855.91

Fixed Assets

Gross Block23.1223.7223.8925.0625.73
Accumulated Depreciation5.136.026.967.989.01
Net Fixed Assets17.9917.7016.9317.0816.73
CWIP 0.010.961.1600
Investments 0.120.12000
Inventories0.510.330.540.220.62
Trade Receivables0.300.150.100.180.56
Cash Equivalents 0.354.231.622.871.71
Others Assets9.7511.846.2424.4336.29
Total Assets 29.0335.3326.5944.7855.91

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -0.390.706.29-12.28-3.77
PBT 0.810.900.0635.45
Adjustment 1.742.111.722.533.35
Changes in Working Capital -2.78-2.154.5-17.84-11.63
Tax Paid -0.15-0.1600.03-0.94
Cash Flow From Investing Activity -2.96-1.080.110.15-0.35
Capex -3.23-0.64-0.15-0.03-0.70
Net Investments -0.1200.0500
Others 0.39-0.440.210.180.35
Cash Flow From Financing Activity 3.464.25-913.392.95
Net Proceeds from Shares 00003.34
Net Proceeds from Borrowing -1.213.210.1512.922.95
Interest Paid -1.37-1.67-1.18-1.69-2.64
Dividend Paid 00000
Others 6.042.72-7.972.15-0.69
Net Cash Flow 0.113.88-2.611.25-1.17
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)208.43-0.0626.4829.78
ROCE (%)8.819.414.7415.0618.23
Asset Turnover Ratio0.460.480.230.470.45
PAT to CFO Conversion(x)-0.261.11-INF-5.32-0.94
Working Capital Days
Receivable Days85636
Inventory Days14102287
Payable Days1071072258685

Goel Food Products Ltd Stock News

Goel Food Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Goel Food Products on 28-Mar-2024 16:01 is ₹152.0.
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 28-Mar-2024 16:01 the market cap of Goel Food Products stood at ₹57.31.
The latest P/E ratio of Goel Food Products as of 28-Mar-2024 16:01 is 14.24.
The latest P/B ratio of Goel Food Products as of 28-Mar-2024 16:01 is 3.33.
The 52-week high of Goel Food Products is ₹223.4 and the 52-week low is ₹107.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goel Food Products is ₹22.53 ( Cr.) .

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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