BSE:530663

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 530663's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

27.3%

530663

-0.1%

IN Capital Markets

-0.6%

IN Market


1 Year Return

-22.2%

530663

-3.6%

IN Capital Markets

0.9%

IN Market

Return vs Industry: 530663 underperformed the Indian Capital Markets industry which returned -3.6% over the past year.

Return vs Market: 530663 underperformed the Indian Market which returned 0.9% over the past year.


Shareholder returns

530663IndustryMarket
7 Day27.3%-0.1%-0.6%
30 Day72.8%3.0%4.0%
90 Day86.7%1.3%5.7%
1 Year-22.2%-22.2%-2.1%-3.6%2.6%0.9%
3 Yearn/a-36.5%-38.9%-2.8%-7.4%
5 Yearn/a44.4%33.5%39.9%29.5%

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?

39.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: 530663 is poor value based on its PE Ratio (39.9x) compared to the IN Capital Markets industry average (15.6x).

PE vs Market: 530663 is poor value based on its PE Ratio (39.9x) compared to the Indian market (16.2x).


Price to Earnings Growth Ratio

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 (2.7x) 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?

19.2%

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

Past Performance

How has Goyal Associates performed over the past 5 years?

-10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 530663 has high quality earnings.

Growing Profit Margin: 530663 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 530663 has become profitable over the past 5 years, growing earnings by -10.7% per year.

Accelerating Growth: 530663 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 530663 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-6.2%).


Return on Equity

High ROE: 530663's Return on Equity (19.3%) is considered low.


Next Steps

Financial Health

How is Goyal Associates's financial position?


Financial Position Analysis

Short Term Liabilities: 530663's short term assets (₹24.2M) exceed its short term liabilities (₹2.1M).

Long Term Liabilities: 530663's short term assets (₹24.2M) exceed its long term liabilities (₹90.0).


Debt to Equity History and Analysis

Debt Level: 530663 is debt free.

Reducing Debt: 530663 currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: 530663 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 530663 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

0.2yrs

Average management tenure


CEO

Durga Kattamuri (43 yo)

0.17

Tenure

Mr. Durga Prasad Kattamuri is Managing Director of Goyal Associates Limited since August 10, 2020 and serves as its Director. He has worked with Vrushak Capital (Jan-2000 to Dec-2005) involved in financial ...


Leadership Team

NamePositionTenureCompensationOwnership
Durga Kattamuri
MD & Director0.17yrno datano data
Roopam Agrawal
CFO & Executive Director5.08yrsno datano data
Shangay Lama
Company Secretary & Compliance Officer0.083yrno datano data

0.2yrs

Average Tenure

Experienced Management: 530663's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Durga Kattamuri
MD & Director0.17yrno datano data
Roopam Agrawal
CFO & Executive Director5.08yrsno datano data
Rahul Sharma
Non-Executive & Independent Director9.17yrsno datano data
Jaipal Singh Barsi Parmar
Non-Executive & Non-Independent Director9.17yrsno datano data
Nagamlleshwara Vuppala
Non-Independent & Non-Executive Director0.083yrno datano data

5.1yrs

Average Tenure

43yo

Average Age

Experienced Board: 530663's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹68.059m
  • Shares outstanding: 46.94m
  • Website: https://www.goyalassociatesltd.com

Location

  • Goyal Associates Limited
  • Unit No. A-407
  • Synergy Corp Rd
  • Ahmedabad
  • Gujarat
  • 380051
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
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 provides commercial loans, such as micro enterprise, SME, two wheeler, commercia ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 12:48
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.