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GOCL Corporation
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Company History
GOCL Corporation Limited, originally started its journey as Indian Detonators Ltd. (IDL) in the year 1961, in Hyderabad. The Company is a multi-division, multi-location company operating businesses into commercial explosives (through its subsidiary IDL Explosives Ltd), energetics, mining chemicals & accessories and realty.
The company is multi-locational with factories and service centres across India. The IDL division has three main production centres at Hyderabad, Rourkela and Bhiwandi. The Lubricants division has their manufacturing facilities at Silvassa. The Building Products division has manufacturing facilities at Visakhapatnam and Hyderabad. The IDL Consult division operates from Hyderabad. The Speciality Chemicals division is based in Hyderabad. The Floriculture division is located in Bangalore. And the wind farms unit is located in Ramagiri in Andhra Pradesh.
Gulf Oil Corporation Ltd was incorporated in the year 1961. In the year 1967, IDL Chemicals Ltd set up their detonator factory in Hyderabad with technical assistance from Hungary and Yugoslavia. The company is the forefront of the explosives and detonator industry in India. In the year 1970, they set up an explosives plant in Rourkela with US collaboration.
In the year 1981, the company diversified into pharmaceutical business through their joint venture with Astra Pharmaceuticals AB, Sweden. In October 1995, the company changed their name from IDL Chemicals Ltd to IDL Industries Ltd.
In September 1997, the company stared their operation in the Wind Mill Division located in Ramagiri in Andhra Pradesh. During the year 1999-2000, they started commercial production in their new site mix plant at Ramagundam in Andhra Pradesh. In May 2000, the second Detonating Fuse Plant at Hyderabad was commissioned and in October 2000, anew bulk explosives plant was commissioned in Dhanbad.
Gulf Oil India Ltd merged with the company with effect from January 1, 2002 and as per the scheme of amalgamation, the name of the company had been changed to Gulf Oil Corporation Ltd. During the year 2001-02, IDK Arom International Ltd became the subsidiary of the company.
During the year 2002-03, the company undertook Iron ore mining projects for three mines in Barbil region. In August 2003, the Contracts Division of the company completed the Manuguru project. The company entered into joint venture agreement with Oil Bangladesh Ltd and formed Gulf Oil Bangladesh Ltd and the company commenced their operation in July 2003.
During the year 2004-05, PT.GULF OIL Lubricants Indonesia became a subsidiary of the company. The Lubricant Division of the company launched a new business venture namely, Gulf Authorised Mechanic Service in four metros during the year. Also, an agreement was reached with Mangalore Refinery & Petroleum Ltd for the sale of Gulf branded lubricants through the Oveal Relax Top fuel retail outlet. The sale of Gulf products commenced on March 19, 2005 in their first Oval Relax Top outlet, which was inaugurated on that day.
In the same year, the Lubricants Division of the company entered into a MoU with Indian Oil Corporation Ltd, for test marketing of CCP in selected outlets covering 5 metros. They completed the Koyagudem Project awarded by Singareni Collieries Company Ltd during the year. IDL Finance Ltd, a subsidiary of the company, acquired the Building Products Division of the company with effect from April 1, 2005 and renamed as IDL Buildware Ltd. In April 2005, the company acquired 51% shareholding in GULF OIL Yantai (Co) Ltd.
During the year 2006-07, the Lubricants Division of the company in association with Ashok Leyland, launched the country's first long drain engine oil with a drain period of 36,000 Kms. They bagged two large contracts in the coal-belt during the year. The first one is at Manuguru of Singareni Collieries. The second one is at Dudhichua Project of Northern Coalfields Ltd. The contracts are for Rs 110 crore and Rs 185 crore respectively. In June 2006, commercial production was started in their API Plant.
During the year 2007-08, the company entered into agreement with the Aditya Birla retail group and Metro Cash & Carry for placing their Gulf Car Care Product (CCP) line in the new retail channel across the country. They are continuing their mining services at the 6 iron ore mines in the Barbil region and 1 mine in Karnataka.
In the same year, the company has taken up a few assignments, which includes, Delhi Metro Rail Project, Structural Works at Jamnagar under Reliance and at Outer Ring Road in Hyderabad. They have been awarded an infrastructural contract from the Aditya Birla Group for their new Alumina Project in Orissa.
In October 2008, the company is in the process of transferring the Speciality Chemicals Division to IDL Agrochemicals Ltd, a wholly owned subsidiary and in turn transferring agriculture related business of the said subsidiary along with the land in favour of the company.
The Singareni Collieries at Manuguru OC II was commissioned during the year 2008-09. The Mining & Infrastructure Division started operation of Manganese Ore Mining in Orissa in 2008-09. The Division started a large infrastructure Project under Aditya Birla Group for their Alumina Plant in Rayagada.
The Industrial Explosives Business Division commissioned a packaged emulsion explosives facility at Rourkela during the year 2009-10. At the same time new packaged explosives for underground coal mining were developed in Dhanbad, and commercialised during the year. The Mining and Infrastructure Division started operating its first Uranium Ore Mining in Jharkhand under Uranium Corporation of India Limited from February 2010. Further progress was made in the large infrastructure Project under Aditya Birla Group for their Alumina Plant in Rayagada, Orissa, during the year 2009-10. The Company disinvested the shareholding in IDL Speciality Chemicals Limited which was a 100% subsidiary of the Company, after transfer of the API and formulations businesses to two pharma companies during the year 2009-10.
During the year 2010-11, the Company went through a Scheme of Arrangement for Demerger of the Explosives Undertaking of the Company and merge the same into with IDL Explosives Limited (IDL), a 100% subsidiary of Company, which became effective on 24th May 2011 with the Registrar of Companies, Andhra Pradesh. Upon the said Scheme becoming effective, the Explosives Undertaking of the Company was transferred effective from 1st October 2010.
The Company acquired through its UK subsidiary, 100% stake in Houghton International Inc., in USA in December 2012.
During 2013-14, Gulf Oil International (Mauritius) Inc. (GOIMI), Promoter of the Company, acquired 4.99% additional Equity Share Capital of the Company, enhancing their shareholding in the Company to 54.95%. With this, Company became subsidiary of GOIMI from April, 2014. The Promoters subsequently, acquired another 5% shareholding, which enhanced their shareholding in the Company to 59.95%.
During the year 2013-14, the Lubricants Undertaking of the Company was demerged into a separate company with Gulf Oil Lubricants India Limited (GOLIL) (Erstwhile known Hinduja Infrastructure Limited), a wholly owned subsidiary, through the Scheme of Arrangement with effect from Appointed Date, 1st April 2014. And resultant to the said Demerger Scheme, the shares of Gulf Oil Lubricants India Limited (GOLIL) got listed on the stock exchanges, BSE Limited and the National Stock Exchange of India Limited effective from July 31, 2014.
As part of internal restructuring by the Promoter Group entities, Hinduja Power Limited, Mauritius ( HPL ) became the Holding Company and Promoter of the Company, by acquiring the entire shareholding from Gulf Oil International (Mauritius) Inc. by way of inter-se transfer on 17th March 2015. HPL acquired further 4.99% of the equity share capital of the Company, increasing their shareholding to 64.94% during the year 2014-15. Gulf Oil Lubricants India Limited (formerly known as Hinduja Infrastructure Limited), ceased to be subsidiary of the Company during the year 2014-15, consequent to demerger of the Lubricants Division and transfer of the same to the said Company.
During FY 2018-19, the two wholly owned subsidiaries, IDL Buildware Limited and Gulf Carosserie India Limited were amalgamated with the Company through the Scheme of Arrangement with effect from November 30, 2018. The Electronics Group of the Company started commercial operations from January 2020.
GOCL Corporation Share Price
GOCL Corporation share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
GOCL Corporation Market Cap
Market capitalization of GOCL Corporation indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how GOCL Corporation is valued compared to its competitors.
GOCL Corporation PE Ratio
GOCL Corporation PE ratio helps investors understand what is the market value of each stock compared to GOCL Corporation 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
GOCL Corporation PEG Ratio
The PEG ratio of GOCL Corporation evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
GOCL Corporation ROE (Return on Equity)
Return on Equity (ROE) measures how effectively GOCL Corporation generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
GOCL Corporation ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of GOCL Corporation in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
GOCL Corporation Total Debt
Total debt of GOCL Corporation shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
GOCL Corporation Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of GOCL Corporation compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
GOCL Corporation CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of GOCL Corporation over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
GOCL Corporation Technical Analysis
Technical analysis of GOCL Corporation helps investors get an insight into when they can enter or exit the stock. Key components of GOCL Corporation Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where GOCL Corporation shares often struggle to rise above due to selling pressure.
GOCL Corporation Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect GOCL Corporation ’s financial health and profitability.
GOCL Corporation Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
GOCL Corporation Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
GOCL Corporation Financials
The financials of GOCL Corporation provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
GOCL Corporation Profit and Loss Statements
The profit and loss statement of GOCL Corporation highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of GOCL Corporation .
GOCL Corporation Balance Sheet
The balance sheet presents a snapshot of GOCL Corporation ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
GOCL Corporation Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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