Goa Carbon Limited (IN:GOACARBON)
:GOACARBON
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Goa Carbon Limited
(GOACARBON)
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Rating:43Neutral
Price Target:
₹289.00
▼(-31.72% Downside)
Action:DowngradedDate:01/28/26
The score is held down primarily by weak financial performance—profitability deterioration, negative net income, and negative operating/free cash flow—along with elevated leverage risk. Technicals add pressure with a clear downtrend below key moving averages and a negative MACD, while valuation is only slightly supportive due to the high dividend yield despite loss-making earnings (negative P/E).
Positive Factors
Stable end-market demand
Calcined petroleum coke (CPC) is a structural, non-discretionary input for aluminium anodes and other metallurgical processes. This entrenched end-market linkage supports steady baseline demand over years, underpinning predictable long-term volume needs for Goa Carbon's core product.
Negative Factors
Negative cash generation
Sustained negative operating and free cash flow erodes liquidity and forces reliance on external financing or asset sales. Over a 2–6 month horizon this limits capacity to fund maintenance, energy-intensive calcination or working capital needs, raising execution and continuity risks if not remediated.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable end-market demand
Calcined petroleum coke (CPC) is a structural, non-discretionary input for aluminium anodes and other metallurgical processes. This entrenched end-market linkage supports steady baseline demand over years, underpinning predictable long-term volume needs for Goa Carbon's core product.
Read all positive factors
Goa Carbon Limited (GOACARBON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.74B
Dividend Yield5.02%
Average Volume (3M)1.54K
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue Growth-19.25%
EPS Growth-220.20%
CountryIN
Employees182
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-25.54
Shares Outstanding9,151,052
10 Day Avg. Volume1,365
30 Day Avg. Volume1,539
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.99
Price to Sales (P/S)0.85
P/FCF Ratio-7.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Goa Carbon Limited Business Overview & Revenue Model
Company Description
Goa Carbon Limited manufactures and sells calcined petroleum coke in India. It serves aluminum smelters, and graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries. The company wa...
How the Company Makes Money
Goa Carbon Limited makes money primarily by manufacturing and selling calcined petroleum coke (CPC). The company’s core revenue stream is the sale of CPC to industrial customers—especially aluminium smelters (as an input for anodes), and other met...
Goa Carbon Limited Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
50
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.63B | 5.08B | 10.57B | 13.64B | 7.66B | 3.53B |
| Gross Profit | 585.81M | 184.25M | 2.08B | 2.31B | 1.37B | 645.37M |
| EBITDA | -239.94M | -187.89M | 1.33B | 1.57B | 494.18M | 25.73M |
| Net Income | -442.44M | -220.26M | 855.02M | 807.52M | 377.79M | -48.12M |
Balance Sheet | ||||||
| Total Assets | 6.10B | 5.31B | 6.13B | 7.69B | 4.27B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 2.05B | 1.35B | 1.88B | 25.74M | 113.03M | 126.27M |
| Total Debt | 3.91B | 2.81B | 3.34B | 4.22B | 2.40B | 309.45M |
| Total Liabilities | 4.22B | 3.13B | 3.66B | 5.83B | 3.12B | 1.91B |
| Stockholders Equity | 1.88B | 2.18B | 2.48B | 1.86B | 1.15B | 761.89M |
Cash Flow | ||||||
| Free Cash Flow | -352.34M | -571.57M | 1.92B | -1.16B | -415.71M | -167.26M |
| Operating Cash Flow | -297.20M | -539.29M | 1.96B | -1.16B | -399.00M | -150.66M |
| Investing Cash Flow | -164.88M | 802.74M | 994.71M | -197.14M | -1.40B | -94.67M |
| Financing Cash Flow | 982.97M | -795.33M | -1.38B | 1.27B | 1.91B | 177.07M |
Goa Carbon Limited Technical Analysis
Negative
423.25
Price Trends
356.82
Negative
383.68
Negative
424.88
Negative
Market Momentum
-19.19
Positive
35.57
Neutral
26.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOACARBON, the sentiment is Negative. The current price of 423.25 is above the 20-day moving average (MA) of 322.12, above the 50-day MA of 356.82, and below the 200-day MA of 424.88, indicating a bearish trend. The MACD of -19.19 indicates Positive momentum. The RSI at 35.57 is Neutral, neither overbought nor oversold. The STOCH value of 26.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GOACARBON.
Goa Carbon Limited Peers Comparison
UnderperformOutperform
Sector (61)
IN:GOACARBON
Goa Carbon Limited
299.50
-175.40
-36.93%
IN:INDIANACRY
Indian Acrylics Limited
4.01
-2.89
-41.88%
IN:OCCL
Oriental Carbon & Chemicals Ltd
80.80
-84.00
-50.97%
IN:OCCLLTD
OCCL Limited
85.26
4.41
5.45%
IN:PEARLPOLY
Pearl Polymers Limited
14.29
-12.29
-46.24%
Goa Carbon Limited Corporate Events
Goa Carbon Temporarily Shuts Paradeep Unit for Scheduled Maintenance
Mar 22, 2026
Goa Carbon Limited has temporarily shut down operations at its Paradeep Unit in Udayabata, Paradeepgarh, Jagatsinghpur district, Odisha, to carry out scheduled maintenance work starting 22 March 2026. The company has notified the stock exchanges o...
Goa Carbon’s Operations Head Resigns for Better Career Prospects
Mar 5, 2026
Goa Carbon Limited has announced the resignation of its General Manager (Operations), A. Venugopala Naidu, who is classified as senior management under SEBI norms, citing better career prospects as the reason. The management accepted his resignati...
Goa Carbon wins NGT ruling in Goa plant pollution case, no financial impact seen
Feb 28, 2026
Goa Carbon Limited has received a favourable final order from the National Green Tribunal’s western zone bench in Pune in an alleged environmental pollution case concerning its Goa plant. The Tribunal dismissed the original application filed...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.