Goa Carbon Ltd

Goa Carbon Ltd exhibits a capital structure with a debt-to-equity ratio of 1.29, indicating a moderate reliance on debt financing. The company's liquidity position is characterized by a current ratio of 1.51, suggesting it can cover its short-term obligations, but its operating cash flow of -539.29 million INR indicates a cash outflow from operations. The company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

In terms of profitability, the company reported a net loss of 65.39 million INR and an operating loss of 55.15 million INR, with a return on equity of -3.01% and a return on assets of -1.23%. These figures are below the industry median for profitability metrics, indicating underperformance relative to its peers.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic and regulatory risks.

The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year. The absence of a clear growth strategy and the current financial performance suggest a challenging outlook for the near term.

The company faces several risk factors, including liquidity constraints and the potential for dilution, although the risk of dilution is currently assessed as low. The company's financial performance and liquidity position may require additional financing, which could lead to increased debt or equity issuance.

Recent events, including the company's financial performance and operational cash flow, indicate a need for strategic adjustments. The company has not disclosed any recent significant events or filings that would suggest a change in direction or strategy.

Goa Carbon generated INR 591.5 million in free cash flow during FY2024, demonstrating strong cash generation capabilities.

The company's cash conversion ratio of 8.25 ranks as best-in-class within the Oil & Gas Refining cohort.

Long-term debt decreased to INR 3.34 billion in FY2024 from INR 4.22 billion in the prior fiscal year.

Goa Carbon maintains a low dilution risk profile, suggesting limited immediate threat to existing shareholder equity value.

The company reported a net income of INR 855 million in FY2024, maintaining profitability despite recent revenue declines.

Operating margin of -4.17% places Goa Carbon in the bottom quartile compared to 140 peers in its cohort.

The debt-to-equity ratio of 1.29 is significantly higher than the cohort median of 0.36, indicating high leverage.

Free cash flow turned negative at -INR 314.9 million in the latest period, reversing previous positive cash generation trends.

Revenue INR 10.57B, −22,5% YoY; Operating income −9,1% YoY.

• ▍Revenue INR 10.57B, −22,5% YoY
• ▍Operating income −9,1% YoY
• ▍Net income +5,9% YoY
• ▍Free cash flow −19,8% YoY
• ▍Net margin 8.1%

Revenue INR 13.64B, +78,1% YoY; Operating income +144,9% YoY.

• ▍Revenue INR 13.64B, +78,1% YoY
• ▍Operating income +144,9% YoY
• ▍Net income +113,8% YoY
• ▍Free cash flow +93,1% YoY
• ▍Net margin 5.9%

Revenue INR 7.66B, +117,2% YoY; Operating income +1 139,2% YoY.

• ▍Revenue INR 7.66B, +117,2% YoY
• ▍Operating income +1 139,2% YoY
• ▍Net income +885,1% YoY
• ▍Free cash flow +981,8% YoY
• ▍Net margin 4.9%

Revenue INR 3.53B; Operating income INR 46.7M.

• ▍Revenue INR 3.53B
• ▍Operating income INR 46.7M
• ▍Net margin -1.4%