GOACARBONCommodities

Goa Carbon Limited

Industrial Minerals · ISIN INE426D01013 · BSE 509567 · NSE EQ · FV ₹10
Last price
₹378
-3.15%today
What this company does

Goa Carbon Limited operates in Industrial Minerals, part of the Commodities sector. It booked ₹66 cr of revenue in its latest quarter (Q1 FY27) and kept -10.0% of sales as profit. It is the 9th largest of 9 Industrial Minerals companies we track, by market value.

The Company is a trusted supplier to aluminium smelters, graphite electrode and titanium dioxide manufacturers, as well as to various metallurgical and chemical industries in India and overseas.
In the report:
25out of 100
Equitytale Health Score
Fragile

Healthier than 25% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 25–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
49

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Balance sheet16

How much it owes, and whether earnings cover the interest

Cash quality55

Whether reported profit actually arrives as cash

Growth & consistency17

Whether sales and profit have grown, and how steadily

Valuation34

What today's price implies, against our models or its peers

Governance & risk45

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 60%
Watch-outs
! Currently loss-making
! Thin -10.0% net margin
! Sales down 67% vs last year
! 92.8% of promoter stake pledged
! Low -15.6% return on equity
! Operating cash flow is negative

What if I invest in GOACARBON?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The slider starts at 10%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹378 -3.15%
latest close · 2026-09-17
1-year return
+1.1%
52-wk low ₹30452-wk high ₹615
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio2.05Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-15.6%Loss
WeakFairStrong ▸15%
Return on capital-1.8%Loss
WeakFairStrong
Net margin-10.0%Loss
ThinDecentStrong
EBITDA margin-0.1%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.99Moderate
LowModerateHigh ▸1
Interest cover-0.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.62Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹346 cr
Book value
₹184
EPS
₹-7.19
latest quarter
Net debt
₹128 cr
owes more than its cash
Enterprise value
₹474 cr
EBITDA
₹-21.7 L
annualised
EBIT
₹-3 cr
annualised
Operating margin
-1.1%
Return on assets
-7.1%
Earnings yield
P/S
1.32
Sales / share
₹287.0
Tax rate
Face value
₹0
Shares
0.9 cr
Working capital
₹126 cr
Current assets
₹327 cr
Current liabilities
₹201 cr
Delivery %
52.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹607₹607, midpoint ₹607

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹66 cr
Other Income₹4 cr
Total Income₹70 cr
Cost of Materials₹47 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹9 cr
Employee Benefit Expense₹5 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹70 L
Other Expenses₹9 cr
Total Expenses₹77 cr
Profit before Tax₹-7 cr
Tax Expense₹0 cr
Net Profit₹-7 cr
Net margin on total income-9.4%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹56 cr72.9%
Employee benefit expense₹5 cr7.1%
Finance costs₹6 cr7.6%
Depreciation & amortisation₹70 L0.9%
Other expenses₹9 cr11.5%
Total income ₹70 cr

The company made a net loss of ₹7 cr this quarter — income covered only 91 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue194 cr201 cr66 cr
Total income200 cr203 cr70 cr
Expenses221 cr198 cr77 cr
Profit before tax-21 cr5 cr-7 cr
Tax2 cr9.5 L0 cr
Net profit (owners' share)-23 cr4 cr-7 cr
Net margin (owners' share, on revenue)-12.1%2.2%-10.0%
EPS (₹)-25.544.91-7.19
YoY (latest quarter): total income -65.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹370 cr
Shareholder equity
₹169 cr
parent shareholders
Total debt
₹167 cr
Cash
₹40 cr
Cash flow · H1 FY26
Operating
₹-30 cr
Investing
₹-16 cr
Financing
₹98 cr
Peer comparison
Industrial Minerals · by market value
CompanyPriceMarket capP/E
Lloyds Metals And Energy Limited₹1,799₹1.01 L cr14.7
NMDC Limited₹81₹71,038 cr9.0
Gujarat Mineral Development Corporation Limited₹549₹17,463 cr26.7
Gravita India Limited₹1,612₹11,894 cr27.6
MOIL Limited₹243₹5,768 cr28.0
Ashapura Minechem Limited₹518₹4,946 cr10.7
The Orissa Minerals Development Company Limited₹3,896₹2,338 cr
20 Microns Limited₹206₹726 cr10.2
Goa Carbon Limitedthis company₹378₹346 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹10
ex 3 Sep 2024
ActionDetailEx-date
Dividend₹10 / share3 Sep 2024
Dividend₹10 / share29 Jan 2024
Dividend₹17.5 / share10 Aug 2023
Dividend₹10 / share20 Jul 2022
Dividend₹10 / share9 Jul 2018
Dividend₹5 / share16 Jan 2018
Who owns it · 2026-06-30
92.8% pledged
Promoter
59.7%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
40.3%
Smart-money activity
Insider trades
BoughtV. S. Dempo Holdings Private Limited · Promoters50.69 L · ₹270.9 cr5 Oct 23
BoughtShrinivas V. Dempo · Promoters3.96 L · ₹21.7 cr19 Jun 23
SoldV S Dempo Holdings Pvt Ltd · Promoters50.69 L · ₹255.9 cr9 Feb 23
Bulk / block deals
BoughtSETU SECURITIES PVT LTD · NSE74,009 @ ₹458.979 Sep 26
SoldSETU SECURITIES PVT LTD · NSE70,009 @ ₹462.949 Sep 26
BoughtOM TRADING · NSE46,598 @ ₹459.069 Sep 26
Stake changes
SoldMotowin Trading Private Ltd · promoter→ 0.00% · 34,29024 Jul 17
SoldMotown Trading Private Ltd · promoter→ 0.00% · 34,29024 Jul 17
SoldMotowon Investments Pvt. Ltd. · promoter→ 0.00% · 34,29024 Jul 17
Promoter pledges
Pledged360 One Prime Ltd50.69 L · 0.00% held11 May 26
ReleasedIIFL Wealth Prime Limited50.69 L · 55.39% held5 Oct 23
ReleasedIIFL Wealth Prime Limited3.96 L · 4.33% held19 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 9 Sep 2026
See the official result
1
Adoption of Audited Financial Statements, Directors’ Report & Auditors’ Report for the financial year ended 31st March 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1,348 votes for, 1 against
2
Re-appointment of Mr. Shrinivas Dempo (DIN: 00043413) as Director, who retires by rotation.
Backed by 99% of shareholders other than promotersneeded 50%
1,332 votes for, 17 against
3
Ratification of the remuneration payable to M/s. Joshi Apte and Associates, Cost Accountants for the financial year 2026-27.
Backed by 99% of shareholders other than promotersneeded 50%
1,332 votes for, 17 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 39 named members
owning 59.7% between them · as of 2026-06-30
V S Dempo Holdings Private Limited55.39%
Shrinivas Vasudeva Dempo4.33%
Argent Trading LLPno shares
Ashwini Guptano shares
Challengers Table Tennis Club LLPno shares
Chandan Deepak Bandekarno shares
Coroa Trading Private Limitedno shares
Dempo Biz Nest LLPno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.