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Goyal Salt
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Goyal Salt Limited was originally incorporated as 'Goyal Salt Private Limited' at Jaipur as a private limited company, pursuant to a certificate of incorporation dated November 26, 2010, issued by the RoC, Rajasthan. Subsequently, the Company converted into a public limited company and name of the Company was changed to 'Goyal Salt Limited' vide a fresh certificate of incorporation dated May 18, 2023 at Jaipur was issued to Company by the RoC.
The Company is primarily engaged in the business of refining of raw salts procured from lake brine and sub soil brine in the State of Rajasthan for useable as industrial salts and edible salts. The Company refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt. Their refining process does not involve any adulteration from chemical and harmful substances.
Apart from this, the Company has well equipped refinery at Nawa City, adjacent to famous Sambhar Lake. In addition to refinery, it has an integrated production facility for the raw salt, industrial salt, and edible salt, at Nawa City in Rajasthan. The production facility is equipped and capable to carry out end to end refining activities with a production facility of about 700 tonnes per day.
Over the past couple of years, the Company has outgrown itself into the production of refined iodised salt and double fortified salt. Edible salt, also called table salt or just salt, is a mineral, commonly consumed by humans. The Company supplies refined salt in the packaging of half kg and one kg for home consumption and fifty kg bags and jumbo bags for industrial use.
In 2011, the Company started commercial production and installed 300 ton per day capacity plant. It installed 700 TPD capacity plant to enhance the production capacity and use some parts for this plant in 2015. In 2016, it received subsidy from Tata Salt for producing the new product, Double Fortified Salt.
The Company is proposing an initial public offer of 49,02,000 equity shares through fresh issue.
Goyal Salt 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.
Market capitalization of Goyal Salt 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 Goyal Salt is valued compared to its competitors.
Goyal Salt PE ratio helps investors understand what is the market value of each stock compared to Goyal Salt '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.
The PEG ratio of Goyal Salt 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.
Return on Equity (ROE) measures how effectively Goyal Salt generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Goyal Salt 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.
Total debt of Goyal Salt 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.
The Debt-to-Equity (DE) ratio of Goyal Salt 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.
CAGR shows the consistent growth rate of Goyal Salt 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.
Technical analysis of Goyal Salt helps investors get an insight into when they can enter or exit the stock. Key components of Goyal Salt Technical Analysis include:
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.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Goyal Salt shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Goyal Salt ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
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.
The financials of Goyal Salt 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.
The profit and loss statement of Goyal Salt 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 Goyal Salt .
The balance sheet presents a snapshot of Goyal Salt ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
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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