NSEI:GOACARBON

Stock Analysis Report

Executive Summary

Goa Carbon Limited manufactures and sells calcined petroleum coke in India.

Rewards

Trading at 82.5% below its fair value

Risk Analysis

Earnings have declined by -1.07% per year over past 5 years

Highly volatile share price over past 3 months

Does not have a meaningful market cap (₹2B)



Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Goa Carbon's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

18.1%

GOACARBON

0.8%

IN Metals and Mining

1.9%

IN Market


1 Year Return

-41.4%

GOACARBON

-5.8%

IN Metals and Mining

8.1%

IN Market

Return vs Industry: GOACARBON underperformed the Indian Metals and Mining industry which returned -6.5% over the past year.

Return vs Market: GOACARBON underperformed the Indian Market which returned 6.7% over the past year.


Shareholder returns

GOACARBONIndustryMarket
7 Day18.1%0.8%1.9%
30 Day30.6%7.6%3.1%
90 Day30.6%16.8%6.5%
1 Year-41.4%-41.4%-4.2%-5.8%10.1%8.1%
3 Year181.9%169.2%6.3%-5.7%35.1%28.0%
5 Year249.1%229.4%35.3%13.4%36.6%24.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Goa Carbon undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GOACARBON (₹254.15) is trading below our estimate of fair value (₹1454.31)

Significantly Below Fair Value: GOACARBON is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GOACARBON is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GOACARBON is overvalued based on its PB Ratio (2.6x) compared to the IN Metals and Mining industry average (0.9x).


Next Steps

Future Growth

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

21.2%

Forecasted Materials 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 Goa Carbon 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 Goa Carbon performed over the past 5 years?

-13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOACARBON is currently unprofitable.

Growing Profit Margin: GOACARBON is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GOACARBON is unprofitable, and losses have increased over the past 5 years at a rate of -1.1% per year.

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

Earnings vs Industry: GOACARBON is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (1.7%).


Return on Equity

High ROE: GOACARBON has a negative Return on Equity (-36.51%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Goa Carbon's financial position?


Financial Position Analysis

Short Term Liabilities: GOACARBON's short term assets (₹2.0B) exceed its short term liabilities (₹1.6B).

Long Term Liabilities: GOACARBON has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GOACARBON is debt free.

Reducing Debt: GOACARBON has no debt compared to 5 years ago when its debt to equity ratio was 234.2%.

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

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


Balance Sheet

Inventory Level: GOACARBON has a high level of physical assets or inventory.

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


Next Steps

Dividend

What is Goa Carbon's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.2%industryaverage3.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: GOACARBON is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GOACARBON'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 Goa Carbon's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average board tenure


CEO

Jagmohan Chhabra (57yo)

11.3yrs

Tenure

₹10,380,645

Compensation

Mr. Jagmohan Jagdishlal Chhabra, Mech. Eng, has been the Chief Executive Officer and President of Goa Carbon Limited since October 2008. Mr. Chhabra has been an Executive Director of Goa Carbon Limited sin ...


CEO Compensation Analysis

Compensation vs Market: Jagmohan's total compensation ($USD146.49K) is above average for companies of similar size in the Indian market ($USD50.75K).

Compensation vs Earnings: Jagmohan's compensation has been consistent with company performance over the past year.


Board Age and Tenure

9.8yrs

Average Tenure

61yo

Average Age

Experienced Board: GOACARBON's board of directors are considered experienced (9.8 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

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


Management Team

  • K. Balaraman (54yo)

    Chief Financial Officer

    • Jagmohan Chhabra (57yo)

      CEO, President & Executive Director

      • Tenure: 11.3yrs
      • Compensation: ₹10.38m
    • C. Mundhara (78yo)

      General Manager of Operations

      • Pravin Satardekar

        Company Secretary & Compliance Officer

        • Tenure: 2yrs

      Board Members

      • Nagesh Pinge (61yo)

        Non-Executive & Independent Director

        • Tenure: 0.7yrs
      • Keki Elavia (73yo)

        Independent Non-Executive Director

        • Tenure: 19yrs
        • Compensation: ₹260.00k
      • Shrinivas Dempo (50yo)

        Non-Executive Chairman

        • Tenure: 19yrs
        • Compensation: ₹175.00k
      • Kiran Dhingra (66yo)

        Independent Non-Executive Director

        • Tenure: 4.8yrs
        • Compensation: ₹230.00k
      • Jagmohan Chhabra (57yo)

        CEO, President & Executive Director

        • Tenure: 11.3yrs
        • Compensation: ₹10.38m
      • Raman Madhok (74yo)

        Independent Non-Executive Director

        • Tenure: 10yrs
        • Compensation: ₹200.00k
      • Rajesh Dempo (43yo)

        Non-Executive Non-Independent Director

        • Tenure: 4yrs
        • Compensation: ₹180.00k

      Company Information

      Goa Carbon Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Goa Carbon Limited
      • Ticker: GOACARBON
      • Exchange: NSEI
      • Founded: 1967
      • Industry: Aluminum
      • Sector: Materials
      • Market Cap: ₹2.565b
      • Shares outstanding: 9.15m
      • Website: https://www.goacarbon.com

      Number of Employees


      Location

      • Goa Carbon Limited
      • Dempo House
      • Campal
      • Panaji
      • Goa
      • 403001
      • India

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      509567BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2001
      GOACARBONNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2001

      Biography

      Goa Carbon Limited manufactures and sells calcined petroleum coke in India. The company offers its products to aluminum smelters, and graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries. It also exports its products. The company was founded in 1967 and is based in Panaji, India. Goa Carbon Limited is a subsidiary of V. S. Dempo Holdings Private Limited. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/20 12:57
      End of Day Share Price2020/01/20 00:00
      Earnings2019/12/31
      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.