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Goyal Associates

530663 BSE
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Goyal Associates (GOYALASS) share price was ₹1.26 at the 28 Oct 2026 close; market capitalisation ₹6.70 Cr; sector Financial Services. The share price rose 24.8% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹0.39 Cr, against ₹0.28 Cr a year earlier and net profit was ₹0.23 Cr, against ₹0.01 Cr a year earlier (compared with Jun 2025). Promoters held 4.72% of Goyal Associates in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 53/100 (Average) as of 28 Oct 2026.

Close 28 Oct 2026 ₹1.26 +0.24 +23.53% 1Y

Key Fundamentals

MicrocapFinanceFinancial Services
Market Cap
₹6.70 Cr
EBITDA
−₹20.00 L
Return on Equity
-5.2%
Debt to Equity
0.2
Book Value
₹0.99
EPS (TTM)
−₹0.01
52W High
₹1.50
52W Low
₹0.65

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Bajaj Finance
₹925.5026.565,76,212 Cr4.680.66%16.53%10.71%89,874 Cr22,067 Cr
Shriram Finance
₹835.1014.791,96,503 Cr1.760.79%15.18%11.00%51,245 Cr11,318 Cr
Cholamandalam Investment
₹1,560.7023.021,33,332 Cr3.860.14%17.17%9.46%33,147 Cr5,751 Cr
Tata Capital
₹312.8024.301,32,780 Cr2.710.19%10.38%8.56%34,329 Cr5,478 Cr
Muthoot Finance
₹2,450.208.6598,368 Cr2.421.25%26.67%15.43%33,526 Cr11,457 Cr
L&T Finance
₹250.6519.7262,822 Cr2.151.14%10.64%10.11%20,742 Cr3,198 Cr
SBI Cards
₹535.7022.4150,980 Cr2.970.47%13.78%18.31%21,048 Cr2,275 Cr
Goyal Associates (this company)
——7 Cr1.270.00%-5.20%-4.72%1 Cr-0 Cr
Median 8 companies₹835.1022.411,15,574 Cr2.570.57%14.48%10.41%33,337 Cr5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

53 Average
Overall score

Data confidence 76/100

Category scores

Quality Good 57
Returns, margins, earnings quality 24% weight
Valuation Weak 44
Cheap vs sector & own history 26% weight
Growth Poor 26
Sales & profit trajectory 10% weight
Momentum Strong 95
Trend strength, vol-adjusted 13% weight
Ownership Average 50
FII/DII/promoter flows 26% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 1.12 times its book value

Weaknesses

5
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.17% over past five years.
  • Promoter holding is low: 4.72%
  • Company has a low return on equity of 7.50% over last 3 years.
  • Working capital days have increased from 455 days to 1,669 days

Technical Indicators

Oscillators

Neutral

Bearish
1
Neutral
7
Bullish
1

Overall

Bullish

Bearish
1
Neutral
7
Bullish
11

Moving Averages

Bullish

Bearish
0
Neutral
0
Bullish
10

Growth Rate

Revenue Growth
-51.85% lower than 3Y

change over 1 year

Net Income Growth
-143% higher than 3Y

change over 1 year

Cash Flow Change
-360%

change over 1 year

EBITDA Margin Change
-145%

change over 1 year

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
0.98
0.93
0.93
0.92
0.81
0.44
0.89
0.49
0.28
0.29
0.29
0.38
0.39
Expenses
0.7
0.67
0.65
0.62
0.57
0.28
0.53
0.31
0.25
0.22
0.21
0.83
0.15
Financing Profit
0.24
0.25
0.25
0.28
0.22
0.14
0.34
0.16
0.03
0.07
0.07
-0.45
0.24
Fin. Margin %
24.49%
26.88%
26.88%
30.43%
27.16%
31.82%
38.2%
32.65%
10.71%
24.14%
24.14%
-118.42%
61.54%
Other Income
0
0
0
0.01
0
0
0
0.12
0
0
0
0.06
0
Interest
0.04
0.01
0.03
0.02
0.02
0.02
0.02
0.02
0
0
0.01
0
0
Depreciation
0.05
0.05
0.05
0.05
0.03
0.03
0.03
0.03
0.02
0.02
0.02
0.02
0.02
PBT
0.19
0.2
0.2
0.24
0.19
0.11
0.31
0.25
0.01
0.05
0.05
-0.41
0.22
Tax %
26.32%
0%
25%
4.17%
0%
0%
0%
48%
0%
0%
0%
-7.32%
0%
Net Profit
0.14
0.2
0.15
0.24
0.18
0.11
0.31
0.13
0.01
0.05
0.05
-0.39
0.23
EPS (₹)
0.03
0.04
0.03
0.05
0.04
0.02
0.07
0.02
0
0.01
0.01
-0.07
0.04
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
0.45
0.18
0.14
0.61
6.65
3.62
1.17
1.52
3.41
3.75
2.63
1.24
1.35
Expenses
0.46
0.25
0.17
0.67
7.28
3.42
1
1.73
2.43
2.65
1.68
1.51
1.41
Financing Profit
-0.01
-0.07
-0.03
-0.06
-0.63
0.2
0.11
-0.32
0.88
1.01
0.87
-0.28
-0.07
Fin. Margin %
-2.22%
-38.89%
-21.43%
-9.84%
-9.47%
5.52%
9.4%
-21.05%
25.81%
26.93%
33.08%
-22.58%
-5.19%
Other Income
0.01
0
0
0
0
0
0
0
0
0.01
0.12
0.06
0.06
Interest
0
0
0
0
0
0
0.06
0.11
0.1
0.09
0.08
0.01
0.01
Depreciation
0.03
0
0
0
0
0
0.05
0.12
0.16
0.18
0.12
0.07
0.08
PBT
-0.03
-0.07
-0.03
-0.06
-0.63
0.2
0.06
-0.44
0.72
0.84
0.87
-0.29
-0.09
Tax %
-33.33%
0%
0%
0%
0%
15%
33.33%
0%
16.67%
25%
13.79%
-10.34%
—
Net Profit
-0.01
-0.07
-0.03
-0.06
-0.63
0.16
0.03
-0.45
0.59
0.63
0.74
-0.27
-0.06
EPS (₹)
0
-0.01
-0.01
-0.01
-0.13
0.03
0.01
-0.1
0.13
0.13
0.14
-0.05
-0.01
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5.08
4.69
4.69
4.69
4.69
4.69
4.69
4.69
4.69
4.69
5.29
5.29
Reserves
-6.45
-1.69
-1.72
-1.79
-2.41
-2.25
-2.22
-2.66
-2.08
-1.44
0.21
-0.05
Borrowing
4.63
0
0
0
0
0
3.21
1.99
1.24
1.14
1.05
1.05
Other Liabilities
0.01
1.01
0.01
0.01
2.95
0.21
1.01
1.37
1.15
1.66
1.93
2.21
Total Liabilities
3.27
4.01
2.98
2.91
5.23
2.65
6.69
5.39
5
6.05
8.48
8.5
Fixed Assets
0
0
0
0
0
0
0.36
0.31
0.56
0.38
0.19
0.11
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0.4
0
0
0
0
0
0
0
0
0
Other Assets
3.27
4.01
2.58
2.91
5.23
2.65
6.33
5.08
4.44
5.67
8.29
8.39
Total Assets
3.27
4.01
2.98
2.91
5.23
2.65
6.69
5.39
5
6.05
8.48
8.5
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1.73
2.06
-1.41
-0.65
-0.24
-0.52
-2.24
1.17
0.86
-0.05
-1.52
-0.23
Investing
0
0
-0.4
0.64
0.73
0
-0.42
-0.07
-0.41
-0.01
0.2
0
Financing
-1.74
-0.19
0
0
0
0
3.23
-1.35
-0.74
0
1.42
0.11
Net Cash Flow
-0.01
1.88
-1.81
0
0.49
-0.52
0.58
-0.26
-0.29
-0.06
0.1
-0.12
Free Cash Flow
1.73
2.06
-1.41
-0.65
-0.24
-0.52
-1.82
1.1
0.45
-0.06
-1.32
-0.23
CFO/OP
-17,300
-2,943
4,700
1,083
38
-260
-1,300
-557
100
15
-137
85
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
—
-8.59%
-1.01%
-2.04%
-24.32%
6.78%
1.22%
-20%
25.43%
21.5%
13.49%
-5.03%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Goyal Associates insights

73 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

DIIs0.01%Public86.54%Promot.4.72%Others8.73%As ofSep 2026

Documents

Frequently Asked Questions about Goyal Associates

What does Goyal Associates Ltd do?
Incorporated in 1994, Goyal Associates Ltd is engaged in Investment and financing activities[1]
Where is Goyal Associates Ltd (GOYALASS) listed?
Goyal Associates Ltd trades under code 530663 on the BSE.
Which sector does Goyal Associates Ltd belong to?
Goyal Associates Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the market capitalisation of Goyal Associates Ltd?
Goyal Associates Ltd has a market capitalisation of ₹6.7 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Goyal Associates Ltd?
Over the last 52 weeks Goyal Associates Ltd has traded between ₹0.65 and ₹1.5 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Goyal Associates Ltd?
Goyal Associates Ltd reported a return on equity of -5.20%. Its debt-to-equity ratio is 0.20.

Company Information

Incorporated in 1994, Goyal Associates Ltd is engaged in Investment and financing activities[1]

Website goyalassociatesltd.com
Face Value ₹ 1
Shares Outstanding 5,31,74,603

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