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Goa Carbon Limited
(GOACARBON)
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Rating:49Neutral
Price Target:
₹383.00
▲(1.83% Upside)
Action:Reiterated
Date:09/10/26
The score is held down primarily by weak current profitability and cyclical financial results despite FY2026’s revenue rebound. Improving leverage and a return to positive operating/free cash flow support the score, while the technical uptrend is tempered by clearly overbought momentum signals and valuation is constrained by a negative P/E.
Positive Factors
Revenue rebound
The strong FY2026 revenue rebound indicates that demand or sales execution recovered meaningfully after weaker performance. Continued top-line traction could improve operating leverage and support better utilization of the company’s CPC production base over the next several quarters.
Negative Factors
Deepening losses
Persistent and worsening net losses weaken internal capital generation and reduce the company’s ability to absorb operating volatility. They also indicate that the revenue recovery has not yet translated into sustainable earnings, leaving financial performance dependent on a future improvement in profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The strong FY2026 revenue rebound indicates that demand or sales execution recovered meaningfully after weaker performance. Continued top-line traction could improve operating leverage and support better utilization of the company’s CPC production base over the next several quarters.
Read all positive factors
Goa Carbon Limited (GOACARBON) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.74B
Dividend Yield2.49%
Average Volume (3M)8.96K
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue Growth-2.94%
EPS Growth-42.18%
CountryIN
Employees195
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-51.21
Shares Outstanding9,151,052
10 Day Avg. Volume1,493
30 Day Avg. Volume8,963
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.49
Price to Sales (P/S)0.36
P/FCF Ratio4.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Goa Carbon Limited Business Overview & Revenue Model
Company Description
Headquartered in Panaji, India, Goa Carbon Limited is an Indian enterprise specializing in the production and distribution of calcined petroleum coke. Since its incorporation in 1967, the company has primarily served industries such as aluminum sm...
How the Company Makes Money
Goa Carbon Limited primarily makes money by manufacturing and selling calcined petroleum coke (CPC). Its core revenue stream is the sale of CPC to industrial customers—most notably aluminium smelters (which use CPC to produce anodes for aluminium ...
Goa Carbon Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
52
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.63B | 6.96B | 5.08B | 10.57B | 13.64B | 7.66B |
| Gross Profit | 285.77M | 292.98M | 747.24M | 2.08B | 2.31B | 1.37B |
| EBITDA | -95.53M | -155.75M | -35.57M | 1.33B | 1.57B | 494.18M |
| Net Income | -468.66M | -482.35M | -220.26M | 855.02M | 807.52M | 377.79M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.70B | 5.31B | 6.13B | 7.69B | 4.27B |
| Cash, Cash Equivalents and Short-Term Investments | 755.95M | 755.95M | 1.07B | 1.88B | 25.74M | 113.03M |
| Total Debt | 0.00 | 1.67B | 2.81B | 3.34B | 4.22B | 2.40B |
| Total Liabilities | -1.69B | 2.01B | 3.13B | 3.66B | 5.83B | 3.12B |
| Stockholders Equity | 1.69B | 1.69B | 2.18B | 2.48B | 1.86B | 1.15B |
Cash Flow | ||||||
| Free Cash Flow | -352.34M | 528.77M | -571.57M | 1.92B | 363.23M | -415.71M |
| Operating Cash Flow | -297.20M | 590.67M | -539.29M | 1.96B | -1.16B | -399.00M |
| Investing Cash Flow | -164.88M | -129.98M | 802.74M | 994.71M | -197.14M | -1.40B |
| Financing Cash Flow | 982.97M | -1.14B | -795.33M | -1.38B | 1.27B | 1.91B |
Goa Carbon Limited Technical Analysis
Positive
376.10
Price Trends
380.53
Positive
387.78
Positive
377.47
Positive
Market Momentum
7.30
Negative
56.05
Neutral
90.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOACARBON, the sentiment is Positive. The current price of 376.1 is below the 20-day moving average (MA) of 397.16, below the 50-day MA of 380.53, and below the 200-day MA of 377.47, indicating a bullish trend. The MACD of 7.30 indicates Negative momentum. The RSI at 56.05 is Neutral, neither overbought nor oversold. The STOCH value of 90.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GOACARBON.
Goa Carbon Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹7.59B | 10.58 | ― | 1.55% | -7.71% | 12.35% | |
64 Neutral | ₹28.31B | 43.21 | ― | 0.88% | 0.96% | -28.98% | |
64 Neutral | ₹17.20B | 27.45 | ― | 0.34% | 14.43% | 34.25% | |
62 Neutral | ₹336.65B | 42.52 | ― | 0.12% | 9.80% | 28.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹35.67B | -80.48 | ― | 0.99% | -5.30% | -140.84% | |
49 Neutral | ₹3.74B | -7.91 | ― | 2.49% | -2.94% | -42.18% |
* General Sector Average
IN:GOACARBON
Goa Carbon Limited
402.10
-39.90
-9.03%
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218.01
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126.58
-11.83
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NOCIL Limited
168.65
-3.69
-2.14%
IN:TINNARUBR
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939.85
-22.05
-2.29%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.