Gokul Agro Resources Limited (GOKULAGRO)

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Gokul Agro Resources Limited (GOKULAGRO) · mywealthgrid

About

Gokul Agro Resources operates in edible oil within the consumer staples sector, with market cap of ₹6,835.99 Cr and quarterly revenue averaging ₹5–6 Cr. Strong ROE of 30.1% and conservative leverage (D/E 0.4) indicate capital efficiency and financial stability.

Face value: ₹1

Market cap

₹6,200 Cr

P/E

14.7×

P/B

4.4×

Dividend yield

ROE

30.1%

ROCE

40.8%

Debt / equity

0.4

OPM

2.8%

EPS (TTM)

₹14.3

Book value

₹48.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Thin operating margins (2.81% average, range 2.46–3.86%) limit pricing power and profit buffer in commodity business

Quarterly revenue volatility (₹5,074–6,638 Cr) reflects exposure to edible oil price and demand swings; verify whether driven by cost or volumes

Margin deterioration in Dec 2025 (2.46% OPM) relative to Jun 2026 (3.86%); verify if seasonal, cyclical, or structural cost pressure

Commodity-sector characteristics expose working capital to input-price swings; verify hedging strategy and working-capital intensity

Generated analysis · source review pending

Growth drivers

ROE of 30.1% signals capital is deployed efficiently; sustaining or improving this return requires volume growth, mix expansion, or margin expansion—verify strategy

Conservative D/E of 0.4 provides balance-sheet capacity for growth capex or acquisitions; verify intended capital deployment

Operating margins improved from 2.46% (Dec 2025) to 3.86% (Jun 2026), suggesting operational improvement or input tailwinds; verify if trend sustains

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹210.1-2.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 25.3% (3-yr avg)
+High return on capital employed of 36.4%
+Profit CAGR of 52.6% over the last 5 years
+Revenue CAGR of 23.5% over the last 5 years
+High promoter holding of 74.2% with no pledge

Cons

−Thin operating margin of 2.8%

Research score

Structured signal from quality, growth, valuation and momentum.

74/100

Business quality: 60
Growth: 85
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,587	8,387	10,391	10,740	13,854	19,551	24,077
COGS	5,295	8,033	9,900	10,175	13,284	18,616	22,890
Gross profit	292	353	491	565	570	935	1,187
	172	211	266	284	274	406	511
	120	142	225	282	295	528	676
OPM %	2.1%	1.7%	2.2%	2.6%	2.1%	2.7%	2.8%
Depreciation	23	30	29	29	32	54	57
Interest	84	62	56	95	118	183	174
	13	15	17	17	32	34	40
Profit before tax	26	66	156	175	177	325	485
Tax	7	21	33	42	42	80	115
Tax %	27.3%	32.3%	21.2%	24.2%	23.5%	24.5%	23.8%
	19	45	123	132	136	246	369
PAT margin %	0.3%	0.5%	1.2%	1.2%	1%	1.3%	1.5%
EPS (₹)	1.5	3.4	9	9.2	9.2	16.6	12.5
EPS adjusted (₹)	0.3	0.6	4.3	4.5	4.6	8.3	12.5
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	26	26	26	71	71	29	30	30	30	30
Reserves	160	195	—	229	274	442	621	757	1,006	1,393
	225	332	—	241	185	289	467	587	529	571
	853	751	—	918	1,024	958	1,003	1,833	2,515	2,935
Total equity & liabilities	1,265	1,305	—	1,459	1,554	1,717	2,121	3,207	4,080	4,928
	135	222	216	227	233	264	355	742	817	930
CWIP	33	10	—	3	4	17	106	6	113	49
Investments	25	11	—	13	14	1	3	10	25	138
	1,071	1,062	—	1,216	1,302	1,435	1,656	2,449	3,124	3,812
Total assets	1,265	1,305	—	1,459	1,554	1,717	2,121	3,207	4,080	4,928

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	5.2%	4.2%	4.7%	5.3%	4.1%	4.8%	4.9%
EBITDA margin %	2.1%	1.7%	2.2%	2.6%	2.1%	2.7%	2.8%
EBIT margin %	1.7%	1.3%	1.9%	2.4%	1.9%	2.4%	2.6%
PAT margin %	0.3%	0.5%	1.2%	1.2%	1%	1.3%	1.5%
Working capital
Receivable days	25	24	7	14	10	10	9
Inventory days	32	17	27	23	36	37	37
Payable days	58	44	32	33	46	46	42
NWC days	-1	-3	2	4	0	1	4
Leverage
Current ratio	1.09	1.12	1.22	1.31	1.16	1.17	1.23
Debt to EBITDA	2.01	1.3	1.28	1.66	1.99	1	0.84
Debt to equity	0.8	0.53	0.61	0.72	0.75	0.51	0.4
Interest coverage	1.3	2.1	3.8	2.8	2.5	2.8	3.8
Asset turnover	3.83	5.4	6.05	5.06	4.32	4.79	4.89
Return ratios
Return on assets %	1.3%	2.9%	7.2%	6.2%	4.2%	6%	7.5%
Return on capital employed %	31.1%	34.3%	43.7%	35.1%	28.5%	39.9%	40.8%
Return on equity %	6.4%	12.9%	26.1%	20.4%	17.3%	23.7%	26%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.56%	72.56%	73.62%	73.67%	73.67%	73.67%	73.67%	73.67%	73.67%	74.24%	74.24%	74.24%
	0.06%	0.05%	0.76%	0.82%	1.11%	1.35%	1.51%	1.44%	1.87%	1.58%	1.51%	1.88%
	0%	0%	0%	0%	0.05%	0.03%	0.04%	0.01%	0.01%	0.01%	0.08%	0.11%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.38%	27.39%	25.62%	25.51%	25.17%	24.95%	24.78%	24.88%	24.45%	24.17%	24.17%	23.77%
No. of shareholders	—	—	—	—	—	—	—	—	49,673	52,198	52,418	50,407

Promoter holding up 1.68 percentage points since Sep 2023.

17 deals · 3 Aug 2021 – 18 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Mar 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	17,56,495	₹193.92	₹34.06 Cr
18 Mar 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	17,54,537	₹194.04	₹34.05 Cr
18 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	16,83,793	₹194.80	₹32.80 Cr
18 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	16,80,060	₹194.69	₹32.71 Cr
17 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	23,04,551	₹182.84	₹42.14 Cr
17 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	23,01,266	₹182.96	₹42.10 Cr
17 Mar 2026	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Sell	15,99,085	₹183.14	₹29.29 Cr
17 Mar 2026	GRT STRATEGIC VENTURES LLP	Bulk	NSE	Buy	15,99,085	₹183.03	₹29.27 Cr
12 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	9,45,899	₹321.73	₹30.43 Cr
12 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	9,45,899	₹321.79	₹30.44 Cr

1–10 of 17

1 / 2

Mr. Kanubhai Jivatram ThakkarExecutive Director-Chairperson related to Promoter-MD
Mr. Jayesh Kanubhai ThakkarExecutive Director-MD
Mr. Dipakkumar Kanubhai ThakkarExecutive Director
Mr. Hiteshkumar Tarachand ThakkarExecutive Director-CEO
Mr. Sujit GulatiNon-Executive - Independent Director
Mr. Rajesh Chhaganbhai TarparaNon-Executive - Independent Director
Mrs. Pritha DevNon-Executive - Independent Director
Mr. Manharbhai Kurjibhai JadavNon-Executive - Independent Director
Ms. Dhara ChhapiaChief Financial Officer
Mr. Jaimish Govindbhai PatelCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

0.08%

of the company's equity

All mutual funds

0.08%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 3 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.98 L	4.84	0.19%	0.067%	-4,340
MULTI CAP FUND	Samco Mutual Fund	34,508	0.84	0.37%	0.012%	+22,907
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	1,356	0.03	0.01%	0%	+6
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	228	0.01	0.01%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results29 Jul 2026

1

Face value ₹2 → ₹114 Oct 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

42 announcementsExport CSV

27 Aug 2026, 6:28 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	5.2%	4.2%	4.7%	5.3%	4.1%	4.8%	4.9%
EBITDA margin %	2.1%	1.7%	2.2%	2.6%	2.1%	2.7%	2.8%
EBIT margin %	1.7%	1.3%	1.9%	2.4%	1.9%	2.4%	2.6%
PAT margin %	0.3%	0.5%	1.2%	1.2%	1%	1.3%	1.5%
Working capital
Receivable days	25	24	7	14	10	10	9
Inventory days	32	17	27	23	36	37	37
Payable days	58	44	32	33	46	46	42
NWC days	-1	-3	2	4	0	1	4
Leverage
Current ratio	1.09	1.12	1.22	1.31	1.16	1.17	1.23
Debt to EBITDA	2.01	1.3	1.28	1.66	1.99	1	0.84
Debt to equity	0.8	0.53	0.61	0.72	0.75	0.51	0.4
Interest coverage	1.3	2.1	3.8	2.8	2.5	2.8	3.8
Asset turnover	3.83	5.4	6.05	5.06	4.32	4.79	4.89
Return ratios
Return on assets %	1.3%	2.9%	7.2%	6.2%	4.2%	6%	7.5%
Return on capital employed %	31.1%	34.3%	43.7%	35.1%	28.5%	39.9%	40.8%
Return on equity %	6.4%	12.9%	26.1%	20.4%	17.3%	23.7%	26%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Patanjali Foods LimitedPATANJALIPATANJALI	₹38,644 Cr	₹41,427 Cr	₹42,776 Cr	₹1,975 Cr	4.4%	₹1,970 Cr	4.5%	13.7%	14.8%	74
Awl Agri Business LimitedAWLAWL	₹22,801 Cr	₹23,619 Cr	₹77,720 Cr	₹2,458 Cr	2.9%	₹1,156 Cr	1.4%	18.2%	10.5%	40
Gokul Agro Resources LimitedGOKULAGROGOKULAGRO	₹6,200 Cr	₹6,771 Cr	₹24,435 Cr	₹747 Cr	2.8%	₹421 Cr	1.5%	40.8%	30.1%	4
CIAN Agro Industries & Infrastructure LtdCIANAGROCIANAGRO	₹2,844 Cr	₹4,043 Cr	₹2,234 Cr	₹476 Cr	21.3%	₹223 Cr	10%	13.4%	10.8%	116
Sundrop Brands LimitedSUNDROPSUNDROP	₹2,839 Cr	₹2,839 Cr	₹1,605 Cr	₹70 Cr	3.8%	₹29 Cr	1.3%	1.8%	1.4%	39
Shri Venkatesh Refineries LtdSVRLSVRL	₹1,501 Cr	—	₹1,378 Cr	₹73 Cr	5.3%	₹38 Cr	2.8%	—	—	—
Gokul Refoils And Solvent LimitedGOKULGOKUL	₹383 Cr	₹765 Cr	₹4,211 Cr	₹39 Cr	0.9%	₹21 Cr	0.5%	15.7%	5.2%	23
Kriti Nutrients LimitedKRITINUTKRITINUT	₹333 Cr	₹341 Cr	₹940 Cr	₹44 Cr	4.7%	₹33 Cr	3.7%	20.1%	15.4%	20
Halder Venture LimitedHALDERHALDER	₹289 Cr	₹649 Cr	₹646 Cr	₹28 Cr	4.3%	₹29 Cr	4.9%	34.5%	24.2%	229
Vijay Solvex LtdVIJSOLXVIJSOLX	₹199 Cr	₹209 Cr	₹1,829 Cr	₹4 Cr	0.2%	₹3 Cr	0.2%	1.4%	0.9%	14
Prime Industries LtdPRIMINDPRIMIND	₹195 Cr	₹234 Cr	₹0 Cr	₹0 Cr	-2.9%	₹1 Cr	16.2%	6.9%	3.3%	36
Ajanta Soya LtdAJANTSOYAJANTSOY	₹173 Cr	₹181 Cr	₹931 Cr	₹37 Cr	0.9%	₹25 Cr	0.6%	9.3%	5.1%	29

Date	Category	Subject	Filing
27 Aug 2026, 6:28 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
27 Aug 2026, 6:23 pm	AGM/EGM AGM	Notice Of Annual General Meeting	PDF
20 Aug 2026, 6:53 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
18 Aug 2026, 11:38 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
30 Jul 2026, 11:10 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
29 Jul 2026, 5:57 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
29 Jul 2026, 5:35 pm	Result Financial Results	Results - Unaudited Standalone And Consolidated Financial Results For The Quarter Ended On June 30, 2026	PDF
29 Jul 2026, 5:23 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	132	147	40	20	355	467	325
	-32	-8	100	-199	-297	-217	-186
	-83	-127	-22	143	2	-247	-131
Net cash flow	16	12	119	-37	61	4	8
Free cash flow	93	123	40	-190	37	229	219
CFO / Operating profit %	110%	103.4%	18%	7.1%	120.4%	88.4%	48%

Gokul Agro Resources Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

1

1

Announcements

Not in the F&O segment

1

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Gokul Agro Resources Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1