Goyal Associates Ltd (GOYALASS)

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Goyal Associates Ltd (GOYALASS) · mywealthgrid

About

Goyal Associates Ltd operates in Non Banking Financial Company (NBFC) within the Financials sector.

Face value: ₹1

Market cap

₹5 Cr

P/E

186.4×

P/B

1.5×

Dividend yield

ROE

20.8%

ROCE

—

Debt / equity

0.36

OPM

29.1%

EPS (TTM)

₹0.0

Book value

₹0.7

52-week high

—

52-week low

—

1,878 historical price candles were omitted because the exchange source has not been verified.

₹1.0-2.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 29.1%
+Profit CAGR of 130.2% over the last 3 years
+Revenue CAGR of 44.3% over the last 5 years
+Comfortable interest coverage of 11.5×

Cons

−Low return on equity of 8.6% (3-yr avg)
−Expensive at 186.4× trailing earnings
−Low promoter holding of 4.7%

Research score

Structured signal from quality, growth, valuation and momentum.

64/100

Business quality: 75
Growth: 67

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.

Screen this industry Compare top 5 side-by-side

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0	0	1	7	1	2	3	4
Interest	—	—	—	—	0	0	0	0
Expenses	0	1	1	7	1	2	2	3
Financing profit	—	—	—	—	0	-0	1	1
Financing margin %	—	—	—	—	10.3%	-21.1%	25.5%	26.9%
Other income	—	—	—	0	0	0	0	0
Depreciation	—	—	—	—	0	0	0	0
Profit before tax	-0	-0	-0	-1	0	-0	1	1
Tax	—	—	—	—	0	0	0	0
Tax %	—	—	—	—	16.7%	0%	15.9%	27.4%
PAT	-0	-0	-0	-1	0	-0	1	1
EPS (₹)	—	-0	-0	-0.1	0	-0.1	0.1	0.1
EPS adjusted (₹)	—	-0	-0	—	0	-0.1	0.1	0.1
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024

₹ Cr	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	5	5	5	5	5	5
Reserves	-2	-2	-2	-3	-2	-1
	—	—	3	2	1	1
	0	0	1	1	1	2
Total equity & liabilities	3	3	7	5	5	6
	—	—	0	0	1	0
CWIP	—	—	0	—	0	0
Investments	—	—	0	0	0	0
	3	3	6	5	4	6
Total assets	3	3	7	5	5	6

₹ Cr	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1	-0	-2	1	1	-1
	-0	0	-0	-0	-0	-0
	0	0	3	-1	-1	0
Net cash flow	—	—	1	-0	-0	-0
Free cash flow	—	—	-2	1	0	-1
CFO / Operating profit %	—	—	—	—	88.7%	-48.6%

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Ratios

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

Standalone figures

Ratio	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	—	—	—	—	56.4%	—	—	—
EBITDA margin %	-38.9%	-292.9%	-13.3%	-9.5%	15.4%	-13.8%	28.5%	29.1%
EBIT margin %	-38.9%	-292.9%	-13.3%	-9.5%	11.1%	-21.7%	23.8%	24.3%
PAT margin %	-38.9%	-21.4%	-10%	-9.5%	4.3%	-29.6%	17%	16.3%
Working capital
Receivable days	—	0	347	—	—	—	—	—
Inventory days	—	899	746	—	0	0	0	0
Payable days	—	0	0	—	—	—	—	—
NWC days	—	899	1,093	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	—	—	17.83	—	1.28	1.07
Debt to equity	—	—	—	—	1.29	0.98	0.48	0.36
Interest coverage	—	—	—	—	2.2	-3	8.1	11.5
Asset turnover	—	0.05	0.21	—	0.17	0.28	0.68	0.62
Return ratios
Return on assets %	—	-1%	-2.1%	—	0.7%	-8.3%	11.6%	10.1%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	-1%	-2.1%	—	2%	-22.2%	22.2%	18.8%

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
	5.33%	5.33%	5.33%	5.33%	5.33%	5.33%	4.72%	4.72%	4.72%	4.72%	4.72%	4.72%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	94.65%	94.65%	94.65%	94.65%	94.65%	94.65%	95.27%	95.27%	95.27%	95.27%	95.27%	95.27%
No. of shareholders	—	—	—	—	—	—	—	—	27,716	27,944	27,438	27,926

Promoter holding down 0.61 percentage points since Sep 2023.

208 deals · 24 Mar 2022 – 18 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Jun 2026	SUMAN CHEPURI	Bulk	BSE	Sell	6,89,748	₹0.89	₹0.06 Cr
15 May 2025	BEEMIDI MADHUSUDHAN REDDY	Bulk	BSE	Sell	2,61,000	₹1.21	₹0.03 Cr
28 Apr 2025	NAGAR JAYKRUSHNA ISHWARLAL	Bulk	BSE	Sell	4,76,425	₹1.20	₹0.06 Cr
24 Apr 2025	BEEMIDI MADHUSUDHAN REDDY	Bulk	BSE	Sell	3,60,001	₹1.40	₹0.05 Cr
21 Oct 2024	SUNILMARKFERNANDES	Bulk	BSE	Buy	3,43,879	₹1.66	₹0.06 Cr
10 Oct 2024	ADHP INVESTMENT & TRADING PRIVATE LIMITED	Bulk	BSE	Sell	2,48,001	₹1.67	₹0.04 Cr
13 Sept 2024	VANDANATIWARI	Bulk	BSE	Buy	14,38,951	₹2.02	₹0.29 Cr
13 Sept 2024	YOGESHKUMARSHUKLA	Bulk	BSE	Buy	3,48,518	₹1.98	₹0.07 Cr
13 Sept 2024	HARISHANKARSAHU	Bulk	BSE	Sell	2,65,000	₹1.88	₹0.05 Cr
13 Sept 2024	YOGESHKUMARSHUKLA	Bulk	BSE	Sell	2,52,891	₹2.00	₹0.05 Cr

1–10 of 208

1 / 21

Mr. Nagamlleshwara VuppalaNon-Executive - Non-Independent Director
Mr. Bheemidi Raghuram ReddyChief Executive Officer
Mr. Satya Narayana GogulaIndependent Director
Mr. Gajjala Kranthikumar ReddyIndependent Director
Mr. Abhik JainCompany 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.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

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

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Goyal Associates Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

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

2

Board meeting to consider results14 Aug 2026
Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

8 Sept 2026, 11:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

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Ratio	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	—	—	—	—	56.4%	—	—	—
EBITDA margin %	-38.9%	-292.9%	-13.3%	-9.5%	15.4%	-13.8%	28.5%	29.1%
EBIT margin %	-38.9%	-292.9%	-13.3%	-9.5%	11.1%	-21.7%	23.8%	24.3%
PAT margin %	-38.9%	-21.4%	-10%	-9.5%	4.3%	-29.6%	17%	16.3%
Working capital
Receivable days	—	0	347	—	—	—	—	—
Inventory days	—	899	746	—	0	0	0	0
Payable days	—	0	0	—	—	—	—	—
NWC days	—	899	1,093	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	—	—	17.83	—	1.28	1.07
Debt to equity	—	—	—	—	1.29	0.98	0.48	0.36
Interest coverage	—	—	—	—	2.2	-3	8.1	11.5
Asset turnover	—	0.05	0.21	—	0.17	0.28	0.68	0.62
Return ratios
Return on assets %	—	-1%	-2.1%	—	0.7%	-8.3%	11.6%	10.1%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	-1%	-2.1%	—	2%	-22.2%	22.2%	18.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

Date	Category	Subject	Filing
8 Sept 2026, 11:08 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
21 Aug 2026, 12:29 pm	AGM/EGM AGM	Clarification On Conclusion Time Of General Meetings	PDF
14 Aug 2026, 7:20 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
14 Aug 2026, 6:19 pm	Result Financial Results	FINANCIAL RESULT FOR THE PERIOD ENDED 30062026	PDF
14 Aug 2026, 6:16 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for OUTCOME OF BOARD MEETING	PDF
14 Aug 2026, 12:19 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
13 Aug 2026, 5:33 pm	Company Update Board Meeting Rescheduled	Board Meeting Intimation for Postponement Of Board Meeting	PDF
8 Aug 2026, 7:31 pm	Board Meeting	Board Meeting Intimation for Consideration Of Financial Result For The QTR 1	PDF

Goyal Associates Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

2

Announcements

2

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Goyal Associates Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings2

Announcements

Board meetings2

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

2