Goa Carbon Limited (IN:GOACARBON)
:GOACARBON
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Goa Carbon Limited
(GOACARBON)
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Rating:49Neutral
Price Target:
₹375.00
▼(-11.40% 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
Goa Carbon’s material reduction in debt to levels near equity meaningfully lowers solvency risk and improves financing flexibility. Over a 2–6 month horizon this enhanced balance-sheet posture strengthens the company’s ability to fund operations, refinance on better terms, and withstand cyclical downturns.
Negative Factors
Negative profitability
Despite higher revenue, recurring losses and materially compressed margins show limited pricing power or rising input/energy costs. Prolonged unprofitability erodes equity, limits reinvestment capacity, and makes the business more dependent on external financing when cycles turn adverse.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Goa Carbon’s material reduction in debt to levels near equity meaningfully lowers solvency risk and improves financing flexibility. Over a 2–6 month horizon this enhanced balance-sheet posture strengthens the company’s ability to fund operations, refinance on better terms, and withstand cyclical downturns.
Read all positive factors
Goa Carbon Limited (GOACARBON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.85B
Dividend Yield5.02%
Average Volume (3M)1.54K
Price to Earnings (P/E)―
Beta (1Y)1.98
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
Headquartered in Panaji, India, Goa Carbon Limited is an Indian enterprise specializing in the production and distribution of calcined petroleum coke. Since its incorporation in 1967, the company has primarily served industries such as aluminum sm...
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
382.72
Positive
366.05
Positive
396.82
Positive
Market Momentum
4.86
Negative
65.09
Neutral
90.87
Negative
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 394.44, above the 50-day MA of 382.72, and above the 200-day MA of 396.82, indicating a bullish trend. The MACD of 4.86 indicates Negative momentum. The RSI at 65.09 is Neutral, neither overbought nor oversold. The STOCH value of 90.87 is Negative, 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
420.80
-50.55
-10.72%
IN:INDIANACRY
Indian Acrylics Limited
5.99
-2.21
-26.95%
IN:OCCL
Oriental Carbon & Chemicals Ltd
128.05
-111.55
-46.56%
IN:OCCLLTD
OCCL Limited
127.00
8.82
7.46%
IN:PEARLPOLY
Pearl Polymers Limited
18.28
-10.52
-36.53%
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...
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.