GOACARBON

Goa Carbon Limited

Calcined Petroleum Coke manufacturer, part of Dempo Group

Commodities›Metals & Mining›Minerals & Mining›Industrial Minerals

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Key metrics

Price as of 2026-10-16

Stock price
₹407.45
Market cap
373 Cr
Stock P/E
Loss (TTM EPS ₹-51.21)
P/B
2.21
Dividend yield
6.7%
ROE (FY26)
-28.6%
ROCE (FY26)
-5.6%
Operating margin (FY26)
-4.5%
Debt / equity (FY26)
0.99
OCF / EBITDA (3Y)
271.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Goa Carbon makes calcined petroleum coke (CPC), a carbon material that the aluminium industry depends on heavily, at three plants in Goa, Paradeep and Bilaspur.

Company snapshot

9thBy market cap

Ranked among 9 companies in Industrial Minerals.

What we see

Positives
  • ✓271% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales224 Cr272 Cr178 Cr128 Cr119 Cr129 Cr132 Cr199 Cr102 Cr194 Cr201 Cr66 Cr
Operating expenses (approx.)181 Cr225 Cr165 Cr121 Cr131 Cr138 Cr137 Cr207 Cr112 Cr213 Cr192 Cr70 Cr
EBITDA43 Cr47 Cr14 Cr7 Cr-12 Cr-8 Cr-5 Cr-8 Cr-10 Cr-20 Cr9 Cr-4 Cr
OPM %19.2%17.3%7.8%5.2%-10.3%-6.5%-3.6%-3.9%-9.7%-10.2%4.7%-6.7%
Other income2 Cr3 Cr5 Cr4 Cr4 Cr2 Cr2 Cr2 Cr3 Cr6 Cr1 Cr4 Cr
Interest5 Cr4 Cr5 Cr5 Cr5 Cr4 Cr5 Cr5 Cr6 Cr7 Cr6 Cr6 Cr
Depreciation0.62 Cr0.63 Cr0.64 Cr0.70 Cr0.73 Cr0.75 Cr0.73 Cr0.77 Cr0.83 Cr0.83 Cr0.72 Cr0.70 Cr
Profit before tax39 Cr46 Cr14 Cr4 Cr-14 Cr-10 Cr-8 Cr-12 Cr-14 Cr-21 Cr5 Cr-7 Cr
Tax %25.7%25.1%31.2%28.9%27.7%19.7%20.2%32.5%-53.0%-11.7%2.1%0.0%
Net profit29 Cr35 Cr9 Cr3 Cr-10 Cr-8 Cr-7 Cr-8 Cr-21 Cr-23 Cr4 Cr-7 Cr
EPS (₹)₹31.65₹37.80₹10.23₹3.26₹-11.07₹-9.12₹-7.15₹-8.69₹-23.39₹-25.54₹4.91₹-7.19

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales332 Cr587 Cr462 Cr417 Cr353 Cr766 Cr1,364 Cr1,057 Cr508 Cr696 CrSign in free for the trailing twelve months
Operating expenses (approx.)315 Cr495 Cr461 Cr431 Cr347 Cr709 Cr1,220 Cr929 Cr527 Cr724 CrSign in free for the trailing twelve months
EBITDA17 Cr92 Cr0.58 Cr-15 Cr6 Cr57 Cr144 Cr128 Cr-19 Cr-28 CrSign in free for the trailing twelve months
OPM %5.2%15.7%0.1%-3.6%1.8%7.4%10.6%12.1%-3.7%-4.0%Sign in free for the trailing twelve months
Other income9 Cr9 Cr2 Cr2 Cr0.66 Cr3 Cr13 Cr14 Cr11 Cr12 CrSign in free for the trailing twelve months
Interest9 Cr10 Cr12 Cr14 Cr10 Cr16 Cr46 Cr24 Cr18 Cr23 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax16 Cr90 Cr-11 Cr-28 Cr-5 Cr41 Cr108 Cr116 Cr-28 Cr-42 CrSign in free for the trailing twelve months
Tax %39.7%39.8%30.6%2.2%2.2%7.7%25.4%26.1%22.5%-14.5%Sign in free for the trailing twelve months
Net profit9 Cr54 Cr-8 Cr-28 Cr-5 Cr38 Cr81 Cr86 Cr-22 Cr-48 CrSign in free for the trailing twelve months
EPS (₹)₹10.38₹58.84₹-8.21₹-30.32₹-5.26₹41.28₹88.24₹93.43₹-24.07₹-52.71Sign in free for the trailing twelve months
Dividend payout %—————0.0%-11.3%29.4%——Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr9 Cr
Reserves71 Cr116 Cr98 Cr70 Cr67 Cr105 Cr177 Cr238 Cr208 Cr159 Cr
Borrowings159 Cr195 Cr0.43 Cr4 Cr31 Cr240 Cr422 Cr334 Cr281 Cr167 Cr
Other liabilities24 Cr35 Cr234 Cr129 Cr160 Cr73 Cr161 Cr32 Cr32 Cr34 Cr
Total liabilities263 Cr355 Cr342 Cr212 Cr267 Cr427 Cr769 Cr613 Cr531 Cr370 Cr
Fixed assets (net)25 Cr24 Cr27 Cr26 Cr24 Cr23 Cr22 Cr27 Cr27 Cr27 Cr
CWIP—4 Cr0 Cr0.18 Cr3 Cr4 Cr3 Cr0.07 Cr0.59 Cr4 Cr
Investments11 Cr2 Cr3 Cr2 Cr4 Cr5 Cr7 Cr35 Cr10 Cr30 Cr
Loans & advances——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr3 Cr
Inventories83 Cr93 Cr166 Cr97 Cr105 Cr147 Cr328 Cr218 Cr235 Cr90 Cr
Trade receivables22 Cr56 Cr62 Cr22 Cr64 Cr28 Cr155 Cr61 Cr66 Cr129 Cr
Cash & bank2 Cr47 Cr0.45 Cr7 Cr0.0047 Cr11 Cr3 Cr161 Cr107 Cr40 Cr
Other assets120 Cr129 Cr83 Cr58 Cr66 Cr209 Cr251 Cr111 Cr84 Cr47 Cr
Total assets263 Cr355 Cr342 Cr212 Cr267 Cr427 Cr769 Cr613 Cr531 Cr370 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity17 Cr27 Cr110 Cr3 Cr-15 Cr-40 Cr-362 Cr196 Cr-54 Cr78 Cr
Cash from investing11 Cr2 Cr61 Cr15 Cr-9 Cr-140 Cr-21 Cr99 Cr80 Cr-8 Cr
Cash from financing-56 Cr20 Cr-218 Cr-15 Cr18 Cr191 Cr386 Cr-138 Cr-80 Cr-137 Cr
Net cash flow-27 Cr49 Cr-47 Cr3 Cr-7 Cr11 Cr3 Cr158 Cr-53 Cr-68 Cr
Free cash flow (OCF − Capex)17 Cr22 Cr108 Cr2 Cr-17 Cr-42 Cr-363 Cr195 Cr-57 Cr71 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.2%31.0%0.7%-17.7%4.4%16.1%25.4%24.0%-2.1%-5.6%
ROE %11.8%42.9%-7.0%-35.1%-6.3%33.0%43.4%34.5%-10.1%-28.6%
Debtor days24354919661341214767
Inventory days134821391161358010110218851
Days payable1512179141189324471513
Cash conversion cycle1431059-7126199116220105
OCF / EBITDA %101.3%29.0%n.m.—n.m.-70.4%-251.5%153.4%——
OCF / EBITDA % (3 years)——139.6%179.1%—-107.3%-201.6%-62.7%-87.0%271.0%
Debt / equity1.981.550.00400.050.412.092.271.351.290.99
Current ratio1.151.371.261.241.151.261.261.581.511.62
Net debt / EBITDA9.171.60-0.02—4.974.032.911.35——