GOCL Corporation
GOCL Corporation
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Key Insights
Strengths
7- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.70 times its book value
- Stock is providing a good dividend yield of 6.79%.
- Company has delivered good profit growth of 75.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
- Company has been maintaining a healthy dividend payout of 27.5%
Weaknesses
4- The company has delivered a poor sales growth of -52.8% over past five years.
- Earnings include an other income of Rs.466 Cr.
- Promoter holding has decreased over last 3 years: -6.01%
- Working capital days have increased from 46,825 days to 1,09,911 days
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 197 | 163 | 167 | 158 | 4 | 3 | 5 | 3 | 3 | 2 | 2 | 2 | 4 |
| Expenses | 202 | 155 | 176 | 168 | 18 | 7 | 12 | 8 | 9 | 9 | 12 | 10 | 10 |
| Operating Profit | -4 | 8 | -9 | -11 | -14 | -4 | -7 | -5 | -6 | -7 | -10 | -8 | -5 |
| OPM % | -2.2% | 4.8% | -5% | -7% | -376% | -116% | -163% | -169% | -177% | -327% | -549% | -348% | -122% |
| Other Income | 65 | 55 | 68 | 49 | 106 | 44 | 119 | 61 | 1,264 | 44 | 253 | 109 | 59 |
| Interest | 42 | 37 | 37 | 30 | 27 | 27 | 25 | 24 | 26 | 12 | 7 | 4 | 0 |
| Depreciation | 3 | 3 | 3 | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| PBT | 16 | 23 | 19 | 6 | 64 | 13 | 87 | 31 | 1,232 | 24 | 236 | 97 | 53 |
| Tax % | 25% | 32% | 20% | 16% | 43% | 58% | -7% | 26% | 1% | 42% | 11% | 22% | 23% |
| Net Profit | 12 | 16 | 15 | 5 | 36 | 5 | 92 | 23 | 1,223 | 14 | 210 | 75 | 40 |
| EPS in Rs | 2.45 | 3.17 | 3.11 | 1 | 7.31 | 1.1 | 18.64 | 4.66 | 247 | 2.83 | 42.42 | 15.16 | 8.15 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 390 | 484 | 499 | 483 | 532 | 499 | 416 | 498 | 921 | 610 | 18 | 10 | 11 |
| Expenses | 360 | 458 | 469 | 455 | 500 | 483 | 406 | 494 | 942 | 632 | 46 | 41 | 41 |
| Operating Profit | 30 | 26 | 30 | 27 | 32 | 15 | 9 | 4 | -21 | -22 | -28 | -31 | -31 |
| OPM % | 8% | 5% | 6% | 6% | 6% | 3.1% | 2.3% | 0.8% | -2.3% | -3.5% | -152% | -322% | -287% |
| Other Income | 90 | 82 | 86 | 72 | 69 | 60 | 141 | 252 | 479 | 239 | 327 | 1,671 | 466 |
| Interest | 63 | 64 | 62 | 46 | 41 | 16 | 53 | 57 | 119 | 146 | 102 | 49 | 23 |
| Depreciation | 5 | 5 | 6 | 6 | 6 | 7 | 8 | 9 | 10 | 9 | 2 | 2 | 3 |
| PBT | 52 | 39 | 47 | 48 | 54 | 53 | 90 | 191 | 329 | 63 | 195 | 1,589 | 410 |
| Tax % | 21% | 30% | 31% | 29% | 25% | 6% | 13% | 8% | 36% | 23% | 19% | 4% | — |
| Net Profit | 42 | 27 | 33 | 34 | 41 | 50 | 79 | 176 | 211 | 48 | 157 | 1,522 | 340 |
| EPS in Rs | 8.39 | 5.43 | 6.59 | 6.88 | 8.18 | 10.01 | 15.88 | 35.52 | 42.59 | 9.73 | 31.67 | 307 | 68.56 |
| Div. Payout % | 24% | 28% | 24% | 23% | 24% | 40% | 38% | 14% | 23% | 41% | 32% | 10% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 997 | 1,017 | 507 | 811 | 933 | 900 | 1,155 | 1,142 | 1,400 | 1,409 | 1,566 | 3,133 |
| Borrowings | 1,339 | 1,248 | 1,024 | 802 | 538 | 1,193 | 1,114 | 1,595 | 1,767 | 1,188 | 1,092 | 1 |
| Other Liabilities | 184 | 193 | 190 | 182 | 202 | 179 | 171 | 491 | 321 | 286 | 440 | 412 |
| Total Liabilities | 2,530 | 2,467 | 1,731 | 1,805 | 1,683 | 2,281 | 2,451 | 3,238 | 3,498 | 2,893 | 3,109 | 3,555 |
| Fixed Assets | 971 | 972 | 338 | 351 | 361 | 369 | 374 | 303 | 313 | 191 | 115 | 88 |
| CWIP | 13 | 15 | 17 | 19 | 16 | 19 | 15 | 3 | 1 | 13 | 3 | 1 |
| Investments | 1 | 1 | 161 | 440 | 541 | 469 | 578 | 45 | 49 | 50 | 51 | 56 |
| Other Assets | 1,545 | 1,479 | 1,215 | 995 | 764 | 1,425 | 1,484 | 2,886 | 3,135 | 2,639 | 2,939 | 3,411 |
| Total Assets | 2,530 | 2,467 | 1,731 | 1,805 | 1,683 | 2,281 | 2,451 | 3,238 | 3,498 | 2,893 | 3,109 | 3,555 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -20 | 40 | 27 | 11 | 38 | -13 | 7 | -62 | -77 | 40 | 16 | -34 |
| Investing | -8 | 139 | 242 | 268 | 288 | -606 | 102 | -322 | 173 | 734 | 222 | 1,082 |
| Financing | -4 | -169 | -275 | -279 | -323 | 625 | -105 | 387 | -90 | -800 | -230 | -1,046 |
| Net Cash Flow | -32 | 10 | -6 | 1 | 4 | 7 | 4 | 4 | 6 | -26 | 8 | 2 |
| Free Cash Flow | -26 | 34 | 20 | -7 | 25 | -30 | 0 | -72 | 125 | 26 | 256 | 1,269 |
| CFO/OP | -51 | 188 | 125 | 93 | 179 | -38 | 213 | -1,041 | -211 | -291 | -238 | -7 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 84 | 57 | 63 | 75 | 62 | 57 | 44 | 48 | 35 | 47 | 24 | 37 |
| Inventory Days | 166 | 136 | 78 | 70 | 71 | 71 | 83 | 185 | 102 | 47 | 26 | 260 |
| Days Payable | 104 | 96 | 48 | 71 | 71 | 64 | 62 | 130 | 91 | 41 | 596 | 8,287 |
| Cash Conversion Cycle | 146 | 97 | 92 | 74 | 62 | 63 | 65 | 104 | 47 | 52 | -546 | -7,990 |
| Working Capital Days | -73 | -79 | 27 | 18 | 142 | 47 | 143 | 435 | 405 | 687 | 29,877 | 1,09,911 |
| ROCE % | 4% | 4% | 5% | 6% | 6% | 4% | 7% | 5% | 6% | 7% | 7% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY10–FY26.
Documents
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Company Information
GOCL Corporation Ltd is engaged in the business of Energetics, Mining & Infrastructure Services and Realty.[1] It is a part of Hinduja Group which has presence across various industries such as Automotive, information technology, media, entertainment & communications, infrastructure project, development, oil & specialty chemicals, power, real estate and healthcare. The group employees 200,000 people around the world.[2]
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