Goyal Associates
GOYALASSOCIATESLTD NSE
Goyal Associates
Financial ServicesNSE: GOYALASSOCIATESLTD BSE: GOYALASS NBFC
Key Fundamentals
MicrocapNBFCFinancial ServicesMarket Cap
₹5.40 Cr
Volatility
Moderate
P/E Ratio
-102
EBITDA
₹-0.27 Cr
Return on Equity
13.4%
Debt to Equity
0.25
Book Value
₹0.99
EPS
₹0.13
52W High
₹1.2
52W Low
₹0.65
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 1.04 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
Growth Rate
Revenue Growth
-54.07% lower than
3Y
Net Income Growth
-143% higher than
3Y
Cash Flow Change
-106% lower than
3Y
ROE
-30.93% lower than
3Y
ROCE
-32.17% lower than
3Y
EBITDA Margin (Avg.)
-154% higher than
3Y
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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% | — |
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 | 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 |
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 | 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 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | — | -8.59% | -1.01% | -2.04% | -24.32% | 6.78% | 1.22% | -20% | 25.43% | 21.5% | 13.49% | -5.03% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Goyal Associates insights
60 extracted metrics + investor summaries across FY09–FY26.
Documents
1
Clarification sought from Goyal Associates Ltd
23 Jun - Exchange has sought clarification from Goyal Associates Ltd on June 23, 2026 with reference to significant movement in price, in order to ensure that investors … 23 Jun - Exchange has sought clarification from Goyal Associates Ltd on June 23, 2026 with reference to significant movement in price, in order to ensure that investors …
2
Announcement under Regulation 30 (LODR)-Change in Directorate
8 Apr - Satya Narayana Gogula appointed Additional Independent Director for 5 years from 20 Feb 2026. 8 Apr - Satya Narayana Gogula appointed Additional Independent Director for 5 years from 20 Feb 2026.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
8 Apr - Company states Annual Secretarial Compliance Report is not applicable for FY2025-26 under Regulation 15(2) exemption. 8 Apr - Company states Annual Secretarial Compliance Report is not applicable for FY2025-26 under Regulation 15(2) exemption.
4
Announcement under Regulation 30 (LODR)-Resignation of Director
7 Apr - Revised disclosure filed for Hasmukh Prajapati’s resignation as Independent Director, effective 25 February 2026. 7 Apr - Revised disclosure filed for Hasmukh Prajapati’s resignation as Independent Director, effective 25 February 2026.
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 (530663) listed?
Goyal Associates Ltd trades as GOYALASSOCIATESLTD on the NSE and under code GOYALASS 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 ₹5.4 Cr, which places it in the Small Cap band.
What is the PE ratio of Goyal Associates Ltd?
Goyal Associates Ltd trades at a PE ratio of -102.00, on earnings per share of ₹0.13, against a book value of ₹0.99 per share.
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 ₹1.2.
What is the Return on Equity (ROE) of Goyal Associates Ltd?
Goyal Associates Ltd reported a return on equity of 13.40%. Its debt-to-equity ratio is 0.25.
Company Information
Incorporated in 1994, Goyal Associates Ltd is engaged in Investment and financing activities[1]
Website goyalassociatesltd.com
Face Value ₹ 1
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/530663.md for Goyal Associates Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.