BSE:530663

Stock Analysis Report

Executive Summary

Goyal Associates Limited, a non-banking financial service company, provides various financial services in India.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Goyal Associates's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

530663

-0.9%

IN Capital Markets

1.4%

IN Market


1 Year Return

-30.5%

530663

-31.7%

IN Capital Markets

2.3%

IN Market

Return vs Industry: 530663 exceeded the Indian Capital Markets industry which returned -31.7% over the past year.

Return vs Market: 530663 underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

530663IndustryMarket
7 Day0%-0.9%1.4%
30 Day-9.5%-6.7%2.7%
90 Day-10.3%-20.7%-1.4%
1 Year-30.5%-30.5%-30.6%-31.7%4.3%2.3%
3 Year-61.1%-61.1%-21.2%-24.0%20.9%14.9%
5 Year-70.6%-70.6%8.8%2.2%41.2%28.2%

Price Volatility Vs. Market

How volatile is Goyal Associates's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Goyal Associates undervalued compared to its fair value and its price relative to the market?

3.75x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 530663's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 530663's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 530663 is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: 530663 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 530663's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 530663 is overvalued based on its PB Ratio (3.7x) compared to the IN Capital Markets industry average (0.5x).


Next Steps

Future Growth

How is Goyal Associates forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Goyal Associates has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of 530663’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Goyal Associates competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Diversified Financials industry.

Past Performance

How has Goyal Associates performed over the past 5 years?

-66.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 530663 is unprofitable, and losses have increased over the past 5 years at a rate of -66.1% per year.

Accelerating Growth: Unable to compare 530663's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 530663 is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-17.8%).


Return on Equity

High ROE: 530663 has a negative Return on Equity (-18.4%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 530663 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 530663 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Goyal Associates's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 530663 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 530663's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 530663 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 530663 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 76.7% each year


Financial Institutions Analysis

Asset Level: 530663's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 530663 has a sufficient allowance for bad loans.

Low Risk Liabilities: 530663 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 530663 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 530663 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 530663 has an appropriate level of bad loans.


Next Steps

Dividend

What is Goyal Associates's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 530663's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 530663's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 530663's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 530663's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 530663's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Goyal Associates's salary, the management and board of directors tenure and is there insider trading?

6.1yrs

Average board tenure


CEO

Vinay Agarwal (36yo)

0yrs

Tenure

0

Mr. Vinay Kumar Agarwal serves as Managing Director, Compliance Officer and Executive Director of Goyal Associates Limited and served as its Chief Executive Officer. Mr. Agarwal holds MBA in Finance. 


Board Age and Tenure

6.1yrs

Average Tenure

33.5yo

Average Age

Experienced Board: 530663's board of directors are considered experienced (6.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Vinay Agarwal (36yo)

    MD, Compliance Officer & Executive Director

    • Tenure: 0yrs
  • Roopam Agrawal (31yo)

    CFO & Executive Director

    • Tenure: 4.1yrs
  • Kamlesh Agarwal

    MD & Director

    • Tenure: 0.4yrs

Board Members

  • Vinay Agarwal (36yo)

    MD, Compliance Officer & Executive Director

    • Tenure: 0yrs
  • Rahul Sharma (31yo)

    Non-Executive & Independent Director

    • Tenure: 8.2yrs
  • Jaipal Singh Barsi Parmar (65yo)

    Non-Executive & Independent Director

    • Tenure: 8.2yrs
  • Roopam Agrawal (31yo)

    CFO & Executive Director

    • Tenure: 4.1yrs
  • Kamlesh Agarwal

    MD & Director

    • Tenure: 0.4yrs

Company Information

Goyal Associates Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goyal Associates Limited
  • Ticker: 530663
  • Exchange: BSE
  • Founded: 1994
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: ₹85.426m
  • Shares outstanding: 46.94m
  • Website: https://www.goyalassociatesltd.com

Location

  • Goyal Associates Limited
  • Unit No. A-407, Synergy Corporate Road, Off. 8 G Highway
  • Near Vodafone House
  • Ahmedabad
  • Gujarat
  • 38051
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
530663BSE (Mumbai Stock Exchange)INR1ININRNo data
530663BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2012

Biography

Goyal Associates Limited, a non-banking financial service company, provides various financial services in India. The company was incorporated in 1994 and is based in Ahmedabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:49
End of Day Share Price2019/10/07 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.