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Gopal Snacks Limited (GOPAL) AI Stock Analysis

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IN:GOPAL

Gopal Snacks Limited

(NSE:GOPAL)

Select Model
Rating:52Neutral
Price Target:INR 245.00â–²(1.01% Upside)
Action:reiterated
Date:08/17/26

The score is primarily constrained by weak recent cash-flow performance (negative free cash flow in FY2025–FY2026 and low operating cash coverage), alongside a relatively expensive valuation (P/E ~40 with a low ~0.37% dividend yield). These are partially offset by an improved balance sheet with manageable leverage and neutral-to-stabilizing technical signals, but the longer-term trend remains soft.

Positive Factors
Branded packaged-snacks portfolioA branded portfolio in a recurring-consumption FMCG category can support repeat purchases and broader distribution over time. Namkeen and related snacks give Gopal a focused product platform from which to expand volumes, outlets, geographies, and product mix.
Negative Factors
Weak cash conversionRecent cash generation is materially weaker than reported earnings, creating a risk that growth requires additional funding or working-capital support. Persistent negative free cash flow would reduce financial flexibility and limit the company’s ability to reinvest while also returning capital.

Gopal Snacks Limited (GOPAL) vs. iShares MSCI India ETF (INDA)

-35%-30%-25%-20%-15%-10%-5%0%5%IN:GOPAL-30.38%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 31.42B
Dividend Yield
0.41%
Average Volume (3M)
16.95K
Price to Earnings (P/E)
35.8
Beta (1Y)
0.97
Revenue Growth
12.01%
EPS Growth
―
Country
India
Employees
3,514
Sector
General
Sector Strength
55
Industry
Packaged Foods

Gopal Snacks Limited Business Overview & Revenue Model

Company Description

Gopal Snacks Limited operates as a leading producer and international distributor of both traditional Indian savories, including namkeen, gathiya, and papad, and a variety of Western-style snack items. Its comprehensive product range extends to wafer...

How the Company Makes Money

Gopal Snacks makes money primarily by selling branded packaged snack products to the trade (distributors/wholesalers/retailers) and other sales channels, generating revenue from the invoiced value of finished goods shipped. Its key revenue stream is...

Gopal Snacks Limited Financial Statement Overview

Summary

Balance sheet strength is a positive (debt-to-equity improved to ~0.16–0.32 in FY2025–FY2026 and equity has grown), but overall financial quality is held back by weak and inconsistent cash generation. Free cash flow was deeply negative in FY2025 and worsened in FY2026 (about -2.8x net income), and operating cash flow coverage fell to ~0.20x in FY2026. Profitability recovered in FY2026 versus FY2025, but margin/earnings volatility over the past three years reduces durability.

Income Statement

62Positive

Balance Sheet

70Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue16.02B15.08B14.68B13.93B13.95B13.52B
Gross Profit3.46B2.47B2.21B2.07B3.90B2.75B
EBITDA1.61B1.45B636.06M1.72B2.00B991.11M
Net Income839.77M736.53M189.98M995.68M1.12B415.38M
Balance Sheet
Total Assets07.15B5.37B5.39B4.61B4.00B
Cash, Cash Equivalents and Short-Term Investments7.51M7.51M6.45M241.18M285.91M9.59M
Total Debt01.54B665.15M674.78M1.08B1.66B
Total Liabilities-4.79B2.36B1.32B1.48B1.70B2.22B
Stockholders Equity4.79B4.79B4.05B3.90B2.91B1.78B
Cash Flow
Free Cash Flow55.06M-1.12B-169.58M377.64M961.00M-168.48M
Operating Cash Flow573.41M404.04M682.82M683.10M1.22B585.94M
Investing Cash Flow-517.74M-1.27B-823.50M-41.91M-501.65M-740.36M
Financing Cash Flow-53.25M866.13M-98.69M-435.92M-688.35M117.51M

Gopal Snacks Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price242.55

Price Trends

50DMA259.38Negative
100DMA266.21Negative
200DMA279.27Negative

Market Momentum

MACD-4.61Positive
RSI35.83Neutral
STOCH12.70Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOPAL, the sentiment is Negative. The current price of 242.55 is below the 20-day moving average (MA) of 249.19, below the 50-day MA of 259.38, and below the 200-day MA of 279.27, indicating a bearish trend. The MACD of -4.61 indicates Positive momentum. The RSI at 35.83 is Neutral, neither overbought nor oversold. The STOCH value of 12.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GOPAL.

Gopal Snacks Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:GOPAL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:TASTYBITEIN:TASTYBITE70OutperformINR 24.95B69.47―0.10%-1.17%-4.11%
IN:ADFFOODSIN:ADFFOODS67NeutralINR 25.57B28.12―0.52%19.44%31.16%
IN:BECTORFOODIN:BECTORFOOD63NeutralINR 55.67B37.52―0.72%11.11%6.30%
IN:BIKAJIIN:BIKAJI63NeutralINR 113.27B43.78―0.28%13.81%27.77%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:DIAMONDYDIN:DIAMONDYD55NeutralINR 24.86B218.13―0.05%6.42%―
IN:GOPALIN:GOPAL52NeutralINR 30.24B35.81―0.41%12.01%―

* General Sector Average

Performance Comparison

-20%0%20%40%IN:GOPALIN:ADFFOODSIN:BECTORFOODIN:BIKAJIIN:DIAMONDYDIN:TASTYBITEDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:GOPAL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:GOPALGopal Snacks Limited242.55-110.25-31.25%
IN:ADFFOODSADF Foods Limited232.7513.336.07%
IN:BECTORFOODMrs. Bector's Food Specialities Ltd.181.35-82.53-31.28%
IN:BIKAJIBikaji Foods International Ltd.451.75-272.93-37.66%
IN:DIAMONDYDPrataap Snacks Ltd.1038.75-62.25-5.65%
IN:TASTYBITETasty Bite Eatables Ltd9722.25796.378.92%

Gopal Snacks Limited Corporate Events

Gopal Snacks Schedules Q2 FY27 Earnings Call to Brief Investors

Oct 27, 2026

Gopal Snacks Limited has scheduled an earnings conference call with investors and analysts on 3 November 2026 to discuss its operations and financial performance for the quarter and half year ended 30 September 2026. The call, led by senior managemen...

Gopal Snacks Reappoints Founder Bipinbhai Hadvani as Chairman and MD for Five-Year Term

Sep 19, 2026

Gopal Snacks Limited has secured shareholder approval to re-appoint founder Bipinbhai Vithalbhai Hadvani as Chairman and Managing Director for a further five-year term from October 1, 2026 to September 30, 2031. The decision was taken at the company&...

Gopal Snacks Boosts Nagpur Operations With New Besan Unit

Sep 10, 2026

Gopal Snacks Limited has commissioned a new besan manufacturing unit at its existing Nagpur facility in Maharashtra, adding an installed capacity of 19,642 MT per annum. The move brings production of a key input closer to the Nagpur plant, reduces de...

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.

Date of analysis: Aug 17, 2026