Gokul Agro Resources Ltd. (GOKULAGRO) AI Stock Analysis

• Market Cap: ₹53.54B
• Dividend Yield: N/A
• Average Volume (3M): 59.06K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 1.29
• Revenue Growth: 34.34%
• EPS Growth: 45.32%
• Country: IN
• Employees: 837
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 2.63
• Shares Outstanding: 295,086,730
• 10 Day Avg. Volume: 105,451
• 30 Day Avg. Volume: 59,060
• PEG Ratio: 0.09
• Price to Book (P/B): 1.73
• Price to Sales (P/S): 0.09
• P/FCF Ratio: 7.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ₹207.00 ▲(20.35% Upside)
• Action: Upgraded Date: 12/02/25
• Date: Action: Upgraded 12/02/25

Gokul Agro Resources Ltd. receives a strong overall score driven by its robust financial performance and positive technical indicators. The stock's valuation is moderate, with a P/E ratio suggesting fair pricing. The absence of a dividend yield is a minor drawback, but the company's growth potential remains promising.

Positive Factors

Robust Revenue Growth

Sustained high top-line growth demonstrates expanding processing volumes and strong market demand for edible oils and by-products. Over 2-6 months this supports better pricing leverage, scale benefits and reinvestment capacity, reinforcing durable earnings potential and market position.

Strong Cash Generation

A large increase in free cash flow and operating cash conversion (OCF to net income ~1.9x) strengthens financial flexibility. This durable cash generation can fund capex, working capital and deleveraging, reducing reliance on external funding across upcoming quarters.

Solid Balance Sheet & ROE

A moderate leverage profile with improving equity ratio and strong ROE indicates prudent capital use and financial resilience. This structural strength supports operational continuity through commodity cycles and provides capacity for strategic investments without excessive financing risk.

Negative Factors

Thin Net Profit Margin

A low net margin leaves limited buffer against commodity cost swings, input inflation, or price competition. Over a multi-month horizon, margin compression could materially reduce cash available for reinvestment or debt reduction, making profitability sensitive to operational shocks.

Gross Margin Sensitivity to Commodities

Low gross margins and explicit dependence on crush spreads mean earnings are structurally exposed to oilseed procurement and edible oil price volatility. This commodity sensitivity can cause durable earnings variability and complicate multi-month planning and margin sustainability.

Leverage Optimization Needed

Although leverage is moderate, management notes optimization opportunities. Without further deleveraging or capital structure improvements, the company may face constrained flexibility to scale operations or withstand prolonged commodity cycles, impacting long-term investment capacity.

Gokul Agro Resources Ltd. Business Overview & Revenue Model

Company Description

Gokul Agro Resources Limited manufactures and trades in edible and non-edible oils, meals, and other agro products in India, the United States, South Korea, European Union, China, Singapore, Indonesia, Malaysia, Russia, and Vietnam. The company offers soya bean oil, cottonseed oil, palm oil, sunflower oil, groundnut oil, vanaspati, etc.; and other industrial products, such as castor oil of various grades and its derivatives. It also provides castor seed and soya bean meals; hulled, natural, and black sesame seeds; fenugreek, cumin, and ajwain seeds; and wheat, rice, barley, maize, and chick peas. The company offers its products under the Vitalife, Zaika, Mahek, Pride, Richfield, Puffpride, and Biscopride brand names. Gokul Agro Resources Limited was incorporated in 2014 and is based in Ahmedabad, India.

How the Company Makes Money

Gokul Agro Resources Ltd. primarily makes money by converting agricultural commodities into higher-value products and selling them to downstream customers. Key revenue streams typically include (1) sales of edible oils produced through oilseed processing (e.g., refined and/or other forms of edible oils), (2) sales of oilseed by-products generated during crushing and refining (such as oil cakes/meals used largely in animal feed), and (3) trading/distribution revenue from buying and selling oilseeds, edible oils, and related agri-commodities. Earnings are influenced by processing volumes, procurement costs of oilseeds and crude oils, realized selling prices for edible oils and by-products, and overall commodity price spreads (crush margins). Specific details on customer concentration, named partnerships, or segment-wise revenue breakdown are null.

Gokul Agro Resources Ltd. Financial Statement Overview

Summary

Gokul Agro Resources Ltd. has demonstrated strong financial performance with robust revenue growth, efficient operations, and solid cash generation. The balance sheet is stable with prudent leverage management, though there is room for improvement in optimizing leverage.

Income Statement

Gokul Agro Resources Ltd. demonstrated robust revenue growth with a 41.1% increase from the previous year, showcasing strong market demand. Gross profit margin improved to 4.8%, indicating better cost management. Net profit margin is at a healthy 1.3%, reflecting efficient operations. EBIT margin stood at 4.5%, further confirming operational efficiency. Overall, the company showcases strong growth and profitability in a competitive industry.

Balance Sheet

The company maintains a strong balance sheet with an improving equity ratio of 25.4%, indicating a solid financial foundation. The debt-to-equity ratio is 0.52, which suggests prudent leverage management, although there is room for further optimization. Return on equity improved to 23.7%, highlighting effective use of shareholder funds. Overall, the balance sheet reflects a stable financial position but with potential for better leverage management.

Cash Flow

Free cash flow has shown significant growth, with a 514% increase, indicating improved cash generation ability. The operating cash flow to net income ratio is 1.9, suggesting robust cash conversion from operations. However, the company should focus on sustaining this cash flow performance to support future investments. Overall, the cash flow statement suggests strong cash generation with opportunities for maintaining growth momentum.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	220.13B	195.51B	138.54B	107.40B	103.91B	83.87B
Gross Profit	10.36B	9.35B	5.62B	5.65B	4.69B	3.38B
EBITDA	6.08B	5.28B	2.95B	2.81B	2.12B	1.48B
Net Income	2.94B	2.46B	1.36B	1.32B	1.23B	446.88M
Balance Sheet
Total Assets	53.27B	40.80B	32.07B	21.21B	17.17B	15.54B
Cash, Cash Equivalents and Short-Term Investments	5.56B	4.06B	1.50B	839.90M	1.18B	577.06M
Total Debt	5.86B	5.44B	6.04B	4.84B	3.05B	2.01B
Total Liabilities	41.13B	30.44B	24.21B	14.70B	12.47B	12.08B
Stockholders Equity	12.14B	10.36B	7.86B	6.51B	4.70B	3.45B
Cash Flow
Free Cash Flow	413.07M	2.29B	373.35M	-2.17B	-175.28M	1.23B
Operating Cash Flow	843.76M	4.67B	3.55B	-80.22M	555.31M	1.47B
Investing Cash Flow	-341.75M	-2.17B	-2.97B	-2.10B	-456.83M	-80.14M
Financing Cash Flow	-409.16M	-2.47B	23.81M	1.43B	641.42M	-1.27B

Gokul Agro Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 172.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOKULAGRO, the sentiment is Positive. The current price of 172 is above the 20-day moving average (MA) of 168.88, above the 50-day MA of 165.92, and above the 200-day MA of 171.21, indicating a bullish trend. The MACD of 3.35 indicates Negative momentum. The RSI at 59.94 is Neutral, neither overbought nor oversold. The STOCH value of 65.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GOKULAGRO.

Gokul Agro Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOKULAGRO	78 Outperform	₹53.54B	17.02	―	―	34.34%	45.32%
GAEL	71 Outperform	₹61.62B	23.97	―	0.20%	6.42%	-39.00%
HNDFDS	65 Neutral	₹57.55B	42.96	―	―	19.77%	28.22%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HERITGFOOD	62 Neutral	₹28.71B	30.82	―	0.54%	9.83%	-0.92%
KRITINUT	60 Neutral	₹3.19B	9.38	―	0.43%	16.35%	-32.55%
GOKUL	54 Neutral	₹4.24B	18.03	―	―	22.45%	26.18%