Gokul Agro Resources Ltd logo

Gokul Agro Resources Ltd

GOKULAGRO NSE

Key Fundamentals

MicrocapFMCG ProductsFMCG
Market Cap
₹6,868 Cr
Volatility
Moderate
P/E Ratio
16.67
EBITDA
₹677 Cr
Return on Equity
23.71%
Debt to Equity
0.41
Book Value
₹48.22
EPS
₹11.16
52W High
₹249.92
52W Low
₹149.03

Insights

Beta

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

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32 extracted metrics + investor summaries across FY16–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

3
  • Company has delivered good profit growth of 53.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
  • Company's median sales growth is 23.0% of last 10 years

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company's cost of borrowing seems high

Growth Rate

Revenue Growth
22.94% ↗
Net Income Growth
54.54% ↗
Cash Flow Change
31.46% ↗
ROE
37.29% ↗
ROCE
34.47% ↗
EBITDA Margin (Avg.)
-2.09% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

Gokul Agro Resources Ltd is a small-cap FMCG company with a market cap of ₹6,164 Cr that has delivered strong profit growth of 53% CAGR over 5 years and consistent ROE of 26-30%. The stock trades at a PE of 16.7x with zero dividend payout and potentially elevated borrowing costs.

Bull Case 7
  • Exceptional profit growth with 53% CAGR over 5 years and 50% TTM growth, indicating strong earnings momentum
  • Consistent and high ROE of 30% in the last year and 26% average over 3 and 5 years, reflecting efficient capital deployment
  • Robust sales growth with 10-year median of 23% and 3-year CAGR of 31%, showing sustained revenue expansion
  • PE ratio of 16.7x appears reasonable relative to the 53% 5-year profit CAGR, suggesting a low PEG ratio
  • Stock CAGR of 60% over 5 years and 58% over 3 years demonstrates sustained market re-rating and investor confidence
  • TTM sales growth of 23% indicates continued business momentum even on a larger base after years of compounding
  • 10-year compounded profit growth of 45% shows the company has maintained earnings acceleration across market cycles
Bear Case 7
  • Zero dividend yield despite repeated profitability raises concerns about capital allocation and minority shareholder returns
  • High cost of borrowing as flagged in company analysis suggests potential stress on net margins if rates rise further
  • Price-to-book ratio of 4.34x is elevated for an agro-processing/FMCG company, leaving limited margin of safety
  • 52-week high and low data unavailable (reported as 0), indicating potential liquidity or data transparency concerns for a small-cap stock
  • Key financial metrics like debt-to-equity ratio, EPS, and ROCE are unavailable, limiting visibility into balance sheet health
  • Small market cap of ₹6,164 Cr exposes the stock to higher volatility and potential liquidity risk during market downturns
  • Stock price CAGR of 40% over 1 year already prices in significant future growth, increasing downside risk if earnings disappoint

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Headwinds 1
  • Customs notice on duty drawback Jun 12

    Gokul Agro received a Show Cause Notice alleging unlawful Duty Drawback of ₹14.53 Cr and RoDTEP Scrips of ₹38.47 Cr (total exposure ~₹53 Cr). The company denies financial liability but regulatory risk remains.

Neutral 3
  • Director appointed to subsidiary board Jun 29

    Manharbhai Kurjibhai Jadav appointed as Director of subsidiary Riya International PTE Ltd, effective June 29, 2026.

  • Promoter confirms no share encumbrance Jun 20

    Promoter Kanubhai Jivatram Thakkar disclosed nil encumbrance on shares for FY26 under SEBI regulations to BSE and NSE.

  • Independent director and committee changes Jun 8

    Manharbhai Kurjibhai Jadav appointed as Additional Non-Executive Independent Director for 5 years. Board reconstituted key committees and approved a postal ballot notice.

TL;DR: Gokul Agro faces a material regulatory headwind with a customs Show Cause Notice involving potential exposure of ~₹53 Cr in duty drawback and RoDTEP claims, though the company denies liability. Governance actions (new director appointments, committee reconstitution, clean promoter disclosures) are routine and signal no red flags. There are no visible growth catalysts or positive business developments in the recent news cycle. The near-term trajectory depends on the customs dispute outcome, which could weigh on sentiment until resolved.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,464
4,119
3,340
3,938
4,290
4,810
4,988
5,462
4,924
6,638
6,314
6,200
5,282
Expenses
2,410
4,038
3,267
3,843
4,174
4,660
4,848
5,340
4,791
6,452
6,153
6,005
5,078
Operating Profit
54
81
72
94
116
150
140
122
134
186
162
195
204
OPM %
2.2%
2%
2.2%
2.4%
2.7%
3.1%
2.8%
2.2%
2.7%
2.8%
2.6%
3.1%
3.9%
Other Income
7
7
8
9
8
8
8
10
9
9
8
13
13
Interest
23
37
30
34
42
49
44
48
40
42
46
46
44
Depreciation
7
8
8
9
14
13
13
14
13
14
15
15
14
PBT
31
43
43
60
68
97
91
70
90
139
109
148
158
Tax %
24%
22%
21%
26%
22%
26%
20%
30%
20%
27%
28%
20%
22%
Net Profit
24
34
34
44
53
71
72
49
72
101
78
119
123
EPS in Rs
0.81
1.15
1.14
1.5
1.79
2.42
2.46
1.65
2.43
3.43
2.63
4.03
4.16
Figures in ₹ Crores

Profit & Loss

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,631
4,288
5,060
4,545
5,586
8,371
10,384
10,740
13,854
19,551
24,077
24,435
Expenses
3,578
4,204
4,953
4,427
5,466
8,230
10,159
10,475
13,559
19,023
23,400
23,688
Operating Profit
53
84
107
118
120
141
225
264
295
528
676
747
OPM %
1.4%
2%
2.1%
2.6%
2.1%
1.7%
2.2%
2.5%
2.1%
2.7%
2.8%
3.1%
Other Income
17
21
11
10
13
17
17
17
32
34
40
44
Interest
40
53
70
84
84
62
56
78
118
183
174
179
Depreciation
15
21
28
30
23
30
29
29
32
54
57
58
PBT
15
31
20
14
26
66
156
175
177
325
485
554
Tax %
36%
35%
23%
23%
27%
32%
21%
24%
23%
24%
24%
—
Net Profit
9
20
15
11
19
45
123
132
136
246
369
420
EPS in Rs
0.35
0.74
0.57
0.4
0.71
1.64
4.17
4.49
4.6
8.32
12.52
14.25
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
26
26
26
26
26
26
29
30
30
30
30
Reserves
160
180
195
208
229
274
442
621
757
1,006
1,393
Borrowings
225
292
345
311
317
246
305
484
604
544
589
Other Liabilities
856
790
739
753
887
1,007
942
986
1,817
2,500
2,916
Total Liabilities
1,268
1,289
1,305
1,299
1,459
1,554
1,717
2,121
3,207
4,080
4,928
Fixed Assets
135
178
222
216
240
233
264
355
742
817
930
CWIP
33
15
10
11
3
4
17
106
6
113
49
Investments
25
0
11
12
13
14
1
3
10
18
135
Other Assets
1,074
1,096
1,062
1,060
1,203
1,302
1,435
1,656
2,449
3,132
3,815
Total Assets
1,268
1,289
1,305
1,299
1,459
1,554
1,717
2,121
3,207
4,080
4,928
Figures in ₹ Crores

Cash Flow

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
133
-7
-52
102
132
135
60
20
355
467
325
Investing
-14
11
-68
-15
-32
-8
-46
-199
-297
-217
-186
Financing
-49
33
3
-98
-83
-127
60
143
2
-247
-131
Net Cash Flow
69
36
-118
-12
16
0
74
-37
61
4
8
Free Cash Flow
97
-53
-120
78
93
111
-13
-190
37
230
220
CFO/OP
259
-1
-43
88
113
102
37
22
133
102
63
Figures in ₹ Crores

Ratios

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
30
33
27
27
25
24
7
14
10
10
9
Inventory Days
39
32
32
41
32
17
27
23
36
37
37
Days Payable
88
68
54
63
58
44
33
34
46
46
42
Cash Conversion Cycle
-20
-4
5
5
-1
-3
2
4
0
1
4
Working Capital Days
-23
-17
-8
-7
-9
-5
-3
1
-3
1
2
ROCE %
—
18%
17%
18%
20%
23%
32%
26%
23%
34%
37%

Shareholding Pattern

As of Jun 2026
Promoters 74.24%
Public 12.16%
Others 11.62%
FIIs 1.88%
DIIs 0.11%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Nov 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Feb 2023Mar 2023Apr 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
69.82%
69.82%
69.82%
72.17%
69.82%
72.17%
72.17%
72.17%
72.17%
71.97%
71.97%
72.57%
72.57%
72.57%
72.57%
73.62%
73.67%
73.67%
73.67%
73.67%
73.67%
73.67%
74.24%
74.24%
74.24%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
0.76%
0.82%
1.11%
1.35%
1.51%
1.44%
1.87%
1.58%
1.51%
1.88%
DIIs
0.76%
0.74%
0.29%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
0.03%
0.04%
0.01%
0.01%
0.01%
0.08%
0.11%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
12.12%
12.93%
14.69%
13.25%
14.67%
13.56%
13.52%
13.60%
13.99%
14.29%
14.36%
14.04%
14.77%
14.68%
14.57%
14.06%
13.71%
14.18%
13.91%
12.86%
13.42%
12.80%
13.10%
12.74%
12.16%
Others
17.31%
16.52%
15.21%
14.57%
15.51%
14.27%
14.31%
14.22%
13.83%
13.74%
13.68%
13.39%
12.66%
12.75%
12.81%
11.56%
11.79%
10.99%
11.04%
11.92%
11.46%
11.64%
11.07%
11.43%
11.62%
No. of Shareholders
11,225
19,201
20,586
20,319
22,165
24,105
29,371
31,447
43,302
43,440
43,460
43,720
45,730
45,601
43,870
43,225
42,479
51,645
49,914
48,921
50,826
49,673
52,198
52,418
50,407

Documents

Frequently Asked Questions about Gokul Agro Resources Ltd

What does Gokul Agro Resources Ltd do?
Company is in manufacturing and processing of various kinds of Edible, Non-Edible oils and meals. Company has manufacturing facility in Gandhidham, Gujarat, India.[1] Its edible oil portfolio includes includes brands like Vitalife, Mahek & Zaika. Vanaspati portfolio includes brands like Richfield...
Where is Gokul Agro Resources Ltd (GOKULAGRO) listed?
Gokul Agro Resources Ltd is listed on the Indian stock exchanges. It is listed on NSE: GOKULAGRO and BSE: 539725. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Gokul Agro Resources Ltd belong to?
Gokul Agro Resources Ltd operates in the FMCG sector within the FMCG Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Gokul Agro Resources Ltd?
Gokul Agro Resources Ltd has a market capitalisation of approximately ₹6868.14 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Gokul Agro Resources Ltd?
The Price-to-Earnings (PE) ratio of Gokul Agro Resources Ltd is 16.67. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Gokul Agro Resources Ltd?
Over the past 52 weeks, Gokul Agro Resources Ltd has traded between a low of ₹149.03 and a high of ₹249.92. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Gokul Agro Resources Ltd?
Gokul Agro Resources Ltd has a Return on Equity (ROE) of 23.71%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Gokul Agro Resources Ltd on Tapetide?
On Tapetide, you can view Gokul Agro Resources Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Company is in manufacturing and processing of various kinds of Edible, Non-Edible oils and meals. Company has manufacturing facility in Gandhidham, Gujarat, India.[1] Its edible oil portfolio includes includes brands like Vitalife, Mahek & Zaika. Vanaspati portfolio includes brands like Richfield & Puffpride. [2]

Website gokulagro.com
CEO Mr. Kanubhai Jivatram Thakkar
Employees 915
Listed 2016-03-11
Face Value ₹ 1
Issued Size 29,50,86,716

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