GOA Carbon Limited
NSE: GOACARBON · Industrial Minerals · sector
₹394.25NSE close 2026-10-26
Key numbers
Market cap₹361 cr
Price₹394.25
52w high / low₹484 / ₹273
P/E–Sector median 14.3x
P/B2.1xSector median 1.7x
Book value₹184.3
Dividend yield–Sector median 0.69%
ROE-24.3%Sector median 14.2%
ROCE-3.8%Sector median 16.4%
OPM-4.4%Sector median 13.0%
Debt / equity0.99xSector median 0.30x
EV/EBITDA–Sector median 10.3x
Interest cover-0.5x
Current ratio1.62x
Sales growth 3y-20.1%Sector median +6.0%
Profit growth 3y–Sector median +9.5%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 14 companies in Industrial Minerals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹76 cr vs borrowings ₹167 cr (FY26): borrowings are higher by ₹92 cr.
- Borrowings fell in each of the last 3 years (₹422 cr → ₹167 cr).
- Operating profit covered interest -0.5x in the last 12 months.
- 92.75% of the promoters' shares are pledged (55.4% of all shares).
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY23, FY22).
- Net loss in 7 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Debtor days went from 21 (FY24) to 68 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹394.25 on 2026-10-26: -18.5% from the 52-week high, +44.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹843.70 · low ₹288.65
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 119 | 129 | 132 | 199 | 102 | 194 | 201 | 66 |
| EBITDA | -12 | -8 | -5 | -8 | -10 | -20 | 9 | -4 |
| OPM % | -10.3% | -6.5% | -3.6% | -3.9% | -9.7% | -10.2% | 4.7% | -6.7% |
| Other income | 4 | 2 | 2 | 2 | 3 | 6 | 1 | 4 |
| Net profit | -10 | -8 | -7 | -8 | -21 | -23 | 4 | -7 |
| EPS (₹) | -11.07 | -9.12 | -7.15 | -8.69 | -23.39 | -25.54 | 4.91 | -7.19 |
| Revenue YoY | -13.9% | +49.5% | +52.1% | -67.0% | ||||
| Profit YoY | – | – | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 766 | 1,364 | 1,057 | 508 | 696 | 563 |
| EBITDA | 57 | 144 | 128 | -19 | -28 | -25 |
| Net profit | 38 | 81 | 86 | -22 | -48 | -47 |
| EPS (₹) | 41.28 | 88.24 | 93.43 | -24.07 | -52.71 | -51.21 |
| Revenue growth | +78.1% | -22.5% | -51.9% | +37.0% | -2.9% | |
| Profit growth | +113.7% | +5.9% | -125.8% | – | – | |
| Dividend / share (₹) | – | 10.00 | 27.50 | 10.00 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -20.1% | +14.6% | -2.9% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -26.5% (2y) | -12.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 186 | 248 | 218 | 169 |
| Borrowings | – | 422 | 334 | 281 | 167 |
| Cash & equivalents | – | 202 | 264 | 135 | 76 |
| Total assets | – | 769 | 613 | 531 | 370 |
| Fixed assets | – | 22 | 27 | 27 | 27 |
| Capital work in progress | – | 3 | 0 | 1 | 4 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 155 | 61 | 66 | 129 |
| Inventory | – | 328 | 218 | 235 | 90 |
| Payables | – | 143 | 15 | 18 | 23 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -40 | -362 | 196 | -54 | 78 |
| Cash from investing | -140 | -21 | 99 | 80 | -8 |
| Cash from financing | 191 | 386 | -138 | -80 | -137 |
| Capex | 2 | 1 | 1 | 3 | 6 |
| Free cash flow | -42 | -363 | 195 | -57 | 71 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 43.4% | 34.5% | -10.1% | -28.6% |
| ROCE % | – | 25.4% | 24.0% | -2.1% | -5.6% |
| Debtor days | – | 41 | 21 | 48 | 68 |
| Inventory days | – | 106 | 95 | 197 | 51 |
| Payable days | – | 46 | 7 | 15 | 13 |
| Cash conversion cycle (days) | – | 101 | 109 | 230 | 106 |
| Working capital days | – | 40 | 71 | 116 | 66 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.72% |
| FIIs | 0.38% |
| DIIs | 0.02% |
| Public (non-institutions) | 39.88% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 59.72% | 59.72% | 59.72% | 59.72% | 59.72% | 59.72% | 59.72% | 59.72% |
| Promoter group | % |
|---|---|
| V S Dempo Holdings Private Limited | 55.39% |
| Shrinivas Vasudeva Dempo | 4.33% |
| Pallavi Shrinivas Dempo | 0.00% |
| Neela Vasudeva Dempo | 0.00% |
| Girija Shrinivas Sinai Dempo | 0.00% |
| Vasundhara Shrinivas Sinai Dempo | 0.00% |
| Nirupa Vivek Angle | 0.00% |
| Nivedita V. Dempo | 0.00% |
| Gauri Suhan Karkal | 0.00% |
| Rekha Timblo | 0.00% |
| Sarvesh Pramod Timblo | 0.00% |
| Mahendra Pramod Timblo | 0.00% |
| Ashwini Gupta | 0.00% |
| Chandan Deepak Bandekar | 0.00% |
| Motown Trading Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Investor Education And Protection Fund Authority Ministry of Corporate Affairs | 1.95% |
29,213 shareholders. Pledged: 92.75% of promoter shares.
Peers in Industrial Minerals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LLOYDSME | ₹1,00,584 cr | 20.2x | 7.3x | 47.0% | 22.1% | 36.8% | – | 0.05% |
| NMDC | ₹58,457 cr | 7.8x | 1.7x | 23.4% | 25.8% | 28.8% | +22.0% | 5.27% |
| GMDCLTD | ₹13,641 cr | 14.3x | 1.9x | 14.2% | 17.4% | 34.3% | -8.8% | 2.35% |
| GRAVITA | ₹9,657 cr | 24.3x | 3.9x | 17.3% | 15.5% | 9.4% | +15.1% | 0.48% |
| MOIL | ₹4,408 cr | 14.5x | 1.6x | 11.4% | 14.2% | 31.0% | +3.2% | 3.20% |
| ASHAPURMIN | ₹3,985 cr | 9.8x | 2.4x | 27.6% | 17.2% | 10.0% | +42.0% | 0.24% |
| ORISSAMINE | ₹1,978 cr | 594.0x | – | – | 24.6% | 16.7% | +38.4% | – |
| 20MICRONS | ₹635 cr | 9.4x | 1.3x | 14.8% | 17.3% | 13.0% | +10.8% | 0.69% |
| NILE | ₹373 cr | 7.7x | 1.2x | 16.7% | 20.8% | 6.1% | +8.9% | 0.40% |
| GOACARBON | ₹361 cr | – | 2.1x | -24.3% | -3.8% | -4.4% | -20.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-03 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2024-01-29 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2023-08-10 | Dividend | Annual General Meeting/Dividend - Rs 17.50 Per Share |
| 2022-07-20 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share |
| 2021-09-14 | Other | Annual General Meeting |
| 2020-09-15 | Other | Annual General Meeting |
| 2019-06-28 | Other | Annual General Meeting |
| 2018-07-09 | Dividend | Annual General Meeting/Dividend- Rs 10 Per Share |
| 2018-01-16 | Dividend | Interim Dividend - Rs 5/- Per Share |
| 2017-06-22 | Dividend | Annual General Meeting/Dividend - Rs 3/- Per Share |
| 2017-01-24 | Dividend | Interim Dividend Rs 1.50/- Per Share |
| 2016-06-29 | Other | Annual General Meeting |
| 2015-06-29 | Dividend | Annual General Meeting/ Dividend Re 1/- Per Share |
| 2014-08-26 | Dividend | Annual General Meeting/Dividend Re.1/- Per Share |
| 2013-06-25 | Dividend | Annual General Meeting / Dividend Rs.2.50 Per Share |
| 2012-07-20 | Dividend | Annual General Meeting And Dividend Rs.4/- Per Share |
| 2011-08-09 | Dividend | Dividend-Rs.4/- Per Share |
| 2010-07-27 | Dividend | Dividend-Rs.2/- Per Share |
| 2009-07-10 | Dividend | Agm/Dividend-30% |
| 2008-07-18 | Dividend | Agm/Dividend - 30% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Industrial Minerals |
| Sub-industry | Industrial Minerals |
| Symbol | GOACARBON |
| BSE code | 509567 |
| ISIN | INE426D01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.