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Goyal Associates Limited

Goyal Associates Limited

GOYALASS.BO
Goyal Associates LimitedIN flagBombay Stock Exchange
0.94
INR
+0.08
- -
49.76MMarket Cap
Goyal Associates Limited
GOYALASS.BO
(Bombay Stock Exchange)

Recent

price

0.94

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
0.25
0.13
1.06
0.07
0.09
0.08
0.03
0.13
1.42
0.77
0.25
0.32
0.73
0.77
0.57
- -
0.22
Revenue per Share
- -
-0.2
-1.05
-0.04
- -
-0.03
-0.01
-0.01
-0.13
0.04
0.01
-0.1
0.13
0.13
0.16
- -
-0.06
Basic EPS, GAAP
0.34
-0.7
-0.8
-0.52
0.34
0.96
-0.3
-0.14
-0.05
-0.11
-0.57
0.23
0.09
-0.01
-0.33
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.77
0.57
-0.25
-0.27
-0.27
1.39
0.63
0.62
0.48
0.52
0.52
0.42
0.52
0.64
1.15
- -
0.94
Book Value per Share
0.77
0.58
-0.25
-0.27
-0.27
1.4
0.63
0.62
0.49
0.52
0.53
0.43
0.5
0.63
1.16
- -
0.92
Tangible Book Value per Share
31
31
47
51
51
21
47
47
47
47
47
47
47
49
46
- -
56
Basic Weighted Avg Shares
8
4
50
4
4
2
1
6
66
36
12
15
34
38
26
12
12
Sales/Revenue/Turnover
-20.29
-155.67
-98.89
-48.15
-3.95
-38.29
-23.48
-10.31
-8.1
5.39
8.9
-23.5
23.4
22.27
28.29
-28.59
-28.72
Operating Margin (%)
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
1
1
2
2
1
1
1
Depreciation Expense
- -
-6
-49
-2
- -
-1
- -
-1
-6
2
- -
-4
6
6
7
-3
-3
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
15.6
33.66
- -
17.4
25.09
14.48
- -
- -
Effective Tax Rate (%)
-1.15
-154.61
-98.91
-52.31
-3.34
-38.29
-23.05
-10.31
-9.46
4.55
2.87
-29.53
17.26
16.83
28.1
-26.01
-26.05
Profit Margin (%)
24
16
-13
-15
-14
30
26
22
23
25
53
37
34
44
76
77
77
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
32
20
12
11
11
11
11
LT Debt
24
18
-12
-14
-14
30
30
29
23
24
25
20
26
32
55
52
52
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.92
1.68
- -
16.46
14.95
11.3
- -
7.48
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.99
1.64
- -
17.17
17.32
13.91
- -
8.33
Return on Capital (%)
-0.32
-29.67
- -
- -
- -
- -
-1.09
-2.14
-24.29
6.99
1.37
-20.18
26.62
22.66
17.54
-6.08
-6.09
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
11
- -
11
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
53
- -
53
Market Capitalization
54
50
37

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
84
- -
81
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
6
- -
4
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.33%
19.91%
-4.8%
Free Cash Flow
236.32%
423.31%
-85.1%
Net Income, GAAP
-105.04%
-357.75%
-143.63%
Sales/Revenue/Turnover
127.34%
16.41%
-52.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10
9
9
9
38
2025
8
4
9
5
26
2026
3
3
3
4
12

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.04
0.03
- -
0.13
2025
0.04
0.02
0.07
0.03
0.16
2026
- -
0.01
0.01
-0.07
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Goyal Associates Limited, incorporated in 1994 and headquartered in Hyderabad, India, is a non-banking financial company (NBFC) specializing in a broad range of financial services tailored to diverse client needs. The company offers fund-based financial products including micro enterprise loans, small and medium enterprise (SME) loans, two-wheeler loans, commercial vehicle loans, agro-based loans, personal loans, and loans to microfinance institutions (MFI) and other NBFCs. Additionally, it engages in share trading and other financial activities related to NBFC operations. Goyal Associates operates primarily within India, focusing on serving individuals, proprietary concerns, and micro, small, and medium enterprises (MSMEs). Recent strategic developments include the approval of a Master Service Agreement with Rupee Quicker Technologies Private Limited, signaling enhanced collaboration in financial technology services, and the company has conducted board meetings in 2025 to consider proposals for raising funds through various instruments, which may indicate capital raising efforts to support its growth and lending activities. The company is listed on the Bombay Stock Exchange (BSE) and is classified as a non-systematically important non-deposit taking NBFC regulated by the Reserve Bank of India (RBI).