One of the micro-cap stocks engaged in manufacturing and selling calcined petroleum coke. The stock has jumped 9.43 percent after restarting operations at Bilaspur Unit in Chhattisgarh.
Stock Price Movement
With a market capitalization of Rs. 682.21 crores, the share of Goa Carbon Limited has reached an intraday high of Rs. 762.50 per equity share, rising nearly around 9.43 percent from its previous day’s close price of Rs. 696.80. Since then, the stock has retreated and is currently trading at Rs. 742.60 per equity share.
What Happened
Goa Carbon Limited has restarted operations at its Bilaspur Unit in Chhattisgarh. The plant, which was temporarily shut down for maintenance on September 24, 2021, has now resumed production. The Kiln has been lit up, and normal operations have begun, marking a successful return to full capacity.
Manufacturing Facilities
Goa Carbon Limited operates three manufacturing plants: Goa (100,000 TPA), Paradeep (168,000 TPA), and Bilaspur (40,000 TPA), totaling approximately 240,000 TPA capacity.
The company’s products play a crucial role in industries such as aluminium smelting, graphite electrode production, and titanium dioxide manufacturing, underscoring its significant contribution to key industrial sectors.
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Recent quarter results and ratios
Goa Carbon Limited’s revenue has decreased from Rs. 1,364 crore in FY23 to Rs. 1,057 crore in FY24, which has down by 22.51 percent. The net profit of Goa Carbon Limited has also grown by 6.17 percent from Rs. 81 crore in FY23 to Rs. 86 crore in FY24.
Goa Carbon Limited’s revenue and net profit have grown at a CAGR of 17.47 percent and 50.44 percent, respectively, over the last two years.
In terms of return ratios, the company’s ROCE and ROE should be 23.4 percent and 38.8 percent, respectively. The debt-to-equity ratio of the company is to be 1.14x. Goa Carbon Limited’s EPS is to be Rs. 40.2.
Shareholding pattern
In September 2024, Goa Carbon Limited had a majority stake held by the promoters at 59.72 percent, foreign institutional investors at 0.10 percent, domestic institutional investors at 0.01 percent, and the public at 40.18 percent.
Company Overview
Goa Carbon Limited was incorporated in 1967 and is India’s second-largest producer of calcined petroleum coke (CPC). The company specializes in the manufacture and sale of CPC, a key petrochemical product, and is listed on the Bombay and National Stock Exchanges.
Written By – Nikhil Naik
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