Goyal Aluminiums Limited (GOYALALUM) AI Stock Analysis

• Market Cap: ₹853.54M
• Dividend Yield: N/A
• Average Volume (3M): 10.44K
• Price to Earnings (P/E): 56.6
• Beta (1Y): 0.71
• Revenue Growth: -18.71%
• EPS Growth: 15.84%
• Country: IN
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): 0.03
• Shares Outstanding: 142,732,770
• 10 Day Avg. Volume: 10,892
• 30 Day Avg. Volume: 10,436
• PEG Ratio: -4.62
• Price to Book (P/B): 5.27
• Price to Sales (P/S): 1.53
• P/FCF Ratio: 47.29
• 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: 61 Neutral
• Price Target: ₹6.50 ▼(-9.97% Downside)
• Action: Reiterated Date: 01/22/26
• Date: Action: Reiterated 01/22/26

The score is driven mainly by solid financial performance (growth, strong cash generation, and low leverage). This is offset by weak technicals with the stock trading below major moving averages and a relatively high P/E, which reduces valuation support.

Positive Factors

Cash generation

Sustained free cash flow growth and efficient cash conversion support durable financial flexibility. Strong operating cash relative to net income funds capex, working capital and deleveraging without reliance on external financing, bolstering long-term stability and reinvestment capacity.

Conservative leverage

A robust equity base and low debt-to-equity materially reduce refinancing and solvency risk over cycles. Conservative leverage preserves access to capital during downturns, enabling the company to sustain operations and pursue strategic investments without excessive interest burden.

Improving margins

Rising gross margins and solid EBIT/EBITDA demonstrate improved cost control and operational efficiency. Margin expansion provides durable earnings resilience against input volatility and creates scope to invest in growth or absorb pricing pressure without eroding core profitability.

Negative Factors

Reported revenue decline

A large reported drop in revenue growth signals potential demand weakness, lost market share, or one-off disruptions. If persistent, this contraction can erode operating leverage, strain margins and limit the company’s ability to fund growth initiatives or improve returns over the medium term.

Net margin pressure

A declining net profit margin, even amid improving gross margins, implies rising operating or non-operating costs. Sustained margin pressure can undermine free cash flow and ROE, reducing the company’s capacity to invest, pay down debt or withstand cyclical downturns over multiple quarters.

Moderate ROE

Moderate ROE versus peers suggests capital is not being converted into commensurate shareholder returns. Over time this can limit total shareholder value creation and indicate inefficiencies in asset use or pricing power unless management can raise returns through margin, productivity or higher-value mix shifts.

Goyal Aluminiums Limited Business Overview & Revenue Model

Company Description

Goyal Aluminiums Limited engages in the trading business in India. The company deals in aluminium extruding profiles, aluminium sheets and coils, aluminium expended profiles, aluminium scraps, cotton fabric trousers, lithium ion cells, pop rivets, rubber profiles, and expended metal products. It also manufactures aluminium panels and its allied products. The company was formerly known as Advitiya Trade India Limited and changed its name to Goyal Aluminiums Limited in October 2021. Goyal Aluminiums Limited was incorporated in 2017 and is based in New Delhi, India.

How the Company Makes Money

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Goyal Aluminiums Limited Financial Statement Overview

Summary

Financial statements indicate strong revenue growth and improving gross margin, supported by solid EBIT/EBITDA margins. Cash flow strength (free cash flow growth and good cash conversion) and low leverage support stability, though slightly softer net margin and only moderate ROE temper the score.

Income Statement

Goyal Aluminiums Limited has demonstrated strong revenue growth with a healthy increase from 2024 to 2025. The gross profit margin has improved, indicating better cost management. However, the net profit margin has decreased slightly, suggesting rising expenses or other cost pressures. The EBIT and EBITDA margins are solid, showing operational efficiency.

Balance Sheet

The company has a robust equity base relative to its assets, as evidenced by a high equity ratio. The debt-to-equity ratio is low, indicating conservative leverage levels which reduce financial risk. However, there is room for improvement in return on equity, as it remains moderate compared to industry standards.

Cash Flow

The cash flow analysis reveals strong free cash flow growth, demonstrating effective cash generation. The operating cash flow to net income ratio is favorable, indicating efficient cash conversion from earnings. The free cash flow to net income ratio is strong, supporting solid financial flexibility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	656.26M	765.13M	684.65M	659.90M	824.26M	551.57M
Gross Profit	30.40M	36.04M	43.35M	43.60M	27.75M	10.63M
EBITDA	19.80M	21.95M	35.63M	35.43M	20.85M	4.33M
Net Income	30.06M	22.86M	25.59M	21.69M	10.25M	1.42M
Balance Sheet
Total Assets	357.69M	244.06M	237.58M	21.82B	385.41M	260.83M
Cash, Cash Equivalents and Short-Term Investments	1.16M	10.85M	722.06K	27.79M	3.75M	985.97K
Total Debt	13.89M	755.00K	16.71M	22.08M	23.23M	6.01M
Total Liabilities	115.40M	21.23M	37.65M	4.35B	231.81M	117.94M
Stockholders Equity	242.29M	222.83M	199.93M	174.34M	153.61M	142.89M
Cash Flow
Free Cash Flow	9.16M	24.81M	4.91M	46.21M	-431.03K	-24.48M
Operating Cash Flow	9.16M	25.10M	6.29M	47.21M	3.11M	-20.80M
Investing Cash Flow	-30.94M	2.31M	-33.08M	-9.91M	-9.43M	-3.69M
Financing Cash Flow	12.10M	-17.28M	-273.89K	-13.26M	7.71M	-315.51K

Goyal Aluminiums Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOYALALUM, the sentiment is Negative. The current price of 7.22 is above the 20-day moving average (MA) of 6.45, below the 50-day MA of 7.27, and below the 200-day MA of 7.40, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 30.27 is Neutral, neither overbought nor oversold. The STOCH value of 21.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GOYALALUM.

Goyal Aluminiums Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAANALU	67 Neutral	₹8.17B	77.24	―	―	-0.28%	-33.35%
CENTEXT	67 Neutral	₹1.49B	15.66	―	―	―	―
MODISONLTD	65 Neutral	₹4.05B	6.24	―	4.34%	15.26%	62.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GOYALALUM	61 Neutral	₹853.54M	56.65	―	―	-18.71%	15.84%
MANAKALUCO	57 Neutral	₹1.64B	28.65	―	0.28%	19.61%	21.47%
ARCOTECH	44 Neutral	₹245.70M	-0.71	―	―	―	―

Goyal Aluminiums Limited Corporate Events

Goyal Aluminiums Closes Trading Window Ahead of December Quarter Results

Goyal Aluminiums Limited has announced the closure of its trading window for insiders from 1 January 2026 until 48 hours after the declaration of its unaudited financial results for the quarter and nine months ended 31 December 2025, in compliance with SEBI’s Prohibition of Insider Trading Regulations and the company’s insider trading policy. During this period, designated insiders are barred from dealing in the company’s securities, underscoring its adherence to regulatory norms on unpublished price-sensitive information, while the date of the board meeting to approve these financial results will be communicated in due course.