Goa Carbon Limited (IN:GOACARBON)
:GOACARBON
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Goa Carbon Limited
(GOACARBON)
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Rating:49Neutral
Price Target:
₹381.00
▼(-9.98% Downside)
Action:Reiterated
Date:05/11/26
The score is held down primarily by weak financial performance: earnings remain negative despite a revenue rebound, and results are highly cyclical. Technicals are a partial offset with a clear uptrend, but momentum appears overbought. Valuation support is limited because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Improved Leverage
Material reduction in debt versus prior years strengthens solvency and reduces refinancing risk through cycles. A leaner leverage profile improves capacity to fund maintenance capex, withstand aluminum-cycle downturns, and pursue opportunistic investments without immediate equity raises.
Negative Factors
Negative & Volatile Profitability
Recurring swings to negative operating profit show weak pricing power or cost control during downcycles. Persistent margin compression limits reinvestment capacity and makes earnings recovery dependent on cyclical commodity and aluminum market upturns rather than structural margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
Material reduction in debt versus prior years strengthens solvency and reduces refinancing risk through cycles. A leaner leverage profile improves capacity to fund maintenance capex, withstand aluminum-cycle downturns, and pursue opportunistic investments without immediate equity raises.
Read all positive factors
Goa Carbon Limited (GOACARBON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.62B
Dividend Yield5.02%
Average Volume (3M)1.54K
Price to Earnings (P/E)―
Beta (1Y)1.96
Revenue Growth36.96%
EPS Growth-118.99%
CountryIN
Employees182
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-48.35
Shares Outstanding9,151,052
10 Day Avg. Volume1,365
30 Day Avg. Volume1,539
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.49
Price to Sales (P/S)0.36
P/FCF Ratio4.77
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 primarily makes money by selling calcined petroleum coke (CPC) produced at its plants. Its core revenue stream is product sales to industrial customers—most notably aluminum producers (where CPC is used in anodes) and other meta...
Goa Carbon Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
52
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.63B | 6.96B | 5.08B | 10.57B | 13.64B | 7.66B |
| Gross Profit | 585.81M | 292.98M | 184.25M | 2.08B | 2.31B | 1.37B |
| EBITDA | -239.94M | -279.50M | -187.89M | 1.33B | 1.57B | 494.18M |
| Net Income | -442.44M | -482.35M | -220.26M | 855.02M | 807.52M | 377.79M |
Balance Sheet | ||||||
| Total Assets | 6.10B | 3.70B | 5.31B | 6.13B | 7.69B | 4.27B |
| Cash, Cash Equivalents and Short-Term Investments | 2.05B | 755.95M | 1.35B | 1.88B | 25.74M | 113.03M |
| Total Debt | 3.91B | 1.67B | 2.81B | 3.34B | 4.22B | 2.40B |
| Total Liabilities | 4.22B | 2.01B | 3.13B | 3.66B | 5.83B | 3.12B |
| Stockholders Equity | 1.88B | 1.69B | 2.18B | 2.48B | 1.86B | 1.15B |
Cash Flow | ||||||
| Free Cash Flow | -352.34M | 528.77M | -571.57M | 1.92B | -1.16B | -415.71M |
| Operating Cash Flow | -297.20M | 590.67M | -539.29M | 1.96B | -1.16B | -399.00M |
| Investing Cash Flow | -164.88M | -129.98M | 802.74M | 994.71M | -197.14M | -1.40B |
| Financing Cash Flow | 982.97M | -1.14B | -795.33M | -1.38B | 1.27B | 1.91B |
Goa Carbon Limited Technical Analysis
Positive
423.25
Price Trends
347.90
Positive
367.69
Positive
404.59
Negative
Market Momentum
13.86
Positive
53.77
Neutral
16.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOACARBON, the sentiment is Positive. The current price of 423.25 is above the 20-day moving average (MA) of 388.44, above the 50-day MA of 347.90, and above the 200-day MA of 404.59, indicating a neutral trend. The MACD of 13.86 indicates Positive momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 16.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GOACARBON.
Goa Carbon Limited Peers Comparison
UnderperformOutperform
Sector (61)
IN:GOACARBON
Goa Carbon Limited
395.50
-89.85
-18.51%
IN:INDIANACRY
Indian Acrylics Limited
5.98
-2.42
-28.81%
IN:OCCL
Oriental Carbon & Chemicals Ltd
104.15
-85.85
-45.18%
IN:OCCLLTD
OCCL Limited
93.52
10.02
12.00%
IN:PEARLPOLY
Pearl Polymers Limited
19.69
-12.71
-39.23%
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.