GOKULAGRO

Gokul Agro share price & financials

Price
₹211.74
Market cap
₹6.7k Cr
Sector
Fast Moving Consumer Goods

What Gokul Agro does

Gokul Agro Resources (GARL) is a self-integrated agri-processing company that crushes and refines oilseeds - mustard, soybean, groundnut and castor - into refined edible oils, vanaspati and castor oil derivatives, operating manufacturing hubs at Gandhidham (Gujarat), Haldia (West Bengal), Krishnapatnam (Andhra Pradesh) and Mangalore (Karnataka). Refined edible oils and vanaspati are sold domestically under its own consumer brands through a distributor and dealer network, while castor oil and its industrial/pharma-grade derivatives (used in coatings, cosmetics, lubricants and speciality chemicals) are largely exported. The company also owns port-side seed/DOC godowns, silos and a liquid cargo storage terminal at Kandla Port, Gujarat, supporting its import of raw oils and export logistics.

Segments

  • Edible Oils
  • Castor Oil & Derivatives
Manufacturing locations
4 (Gandhidham, Gujarat - flagship; Haldia, West Bengal; Krishnapatnam, Andhra Pradesh; Mangalore, Karnataka)
Distributors & dealers
1,000+
Product portfolio breadth
40+ products across edible oils and castor derivatives
Workforce
1,200+ employees across India and overseas
Export footprint
36 countries
Domestic footprint
17 Indian states
Founded 2013Headquarters Ahmedabad, Gujarat Company website

Quarterly results

Q1 FY27: revenue up 7.3%, net profit up 70.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue4,810 4,988 5,462 4,924 6,638 +38%6,314 +27%6,200 +14%5,282 +7%
EBITDA150 140 122 134 186 +24%162 +16%195 +60%204 +52%
Net profit71 72 49 72 101 +42%78 +8%119 +143%123 +71%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −33.3% 1Y

₹200₹300₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹339.85 on 10 Sept 2025 → ₹226.76. High ₹414.65 (22 Sept 2025), low ₹152.82 (23 Jan 2026).

Financials, as filed

Revenue grew 33.7% a year over 3 years, FY23 to FY26. Operating margin widened to 2.8%.

Year endingFY23FY24FY25FY26
Revenue₹10.1k Cr₹13.9k Cr₹19.6k Cr₹24.1k Cr
Operating profit₹236 Cr₹301 Cr₹528 Cr₹677 Cr
Operating margin2.3%2.2%2.7%2.8%
Interest₹82 Cr₹124 Cr₹183 Cr₹174 Cr
Depreciation₹28 Cr₹32 Cr₹54 Cr₹57 Cr
Net profit₹104 Cr₹136 Cr₹245 Cr₹370 Cr
Net margin1.0%1.0%1.3%1.5%
Cash from operations₹20 Cr₹355 Cr₹467 Cr₹325 Cr
Free cash flow₹-190 Cr₹37 Cr₹230 Cr₹220 Cr
ROCE26.0%23.0%34.0%37.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹26 Cr₹29 Cr₹30 Cr₹30 Cr₹30 Cr₹30 Cr
Reserves₹274 Cr₹442 Cr₹621 Cr₹757 Cr₹979 Cr₹1.4k Cr
Borrowings₹246 Cr₹305 Cr₹484 Cr₹604 Cr₹465 Cr₹589 Cr
Other liabilities₹1.0k Cr₹942 Cr₹986 Cr₹1.8k Cr₹3.3k Cr₹2.9k Cr
Total liabilities₹1.6k Cr₹1.7k Cr₹2.1k Cr₹3.2k Cr₹4.8k Cr₹4.9k Cr
Fixed assets₹233 Cr₹264 Cr₹355 Cr₹742 Cr₹891 Cr₹930 Cr
Capital work in progress₹4 Cr₹17 Cr₹106 Cr₹6 Cr₹14 Cr₹49 Cr
Investments₹14 Cr₹1 Cr₹3 Cr₹10 Cr₹20 Cr₹135 Cr
Other assets₹1.3k Cr₹1.4k Cr₹1.7k Cr₹2.4k Cr₹3.9k Cr₹3.8k Cr
Total assets₹1.6k Cr₹1.7k Cr₹2.1k Cr₹3.2k Cr₹4.8k Cr₹4.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −1.09 pp while promoters added +0.57 pp.

Promoters
74.2%
FIIs
1.9%
DIIs
0.1%
Public
23.8%

Since Jun 2025

  • Public −1.09 pp
  • Promoters +0.57 pp
  • FIIs +0.43 pp

How it drifted, 12 quarters

Over this window the public fell from 27.4% to 23.8% — −3.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 72.6%, FIIs 0.1%, Public 27.4%.Dec '23: Promoters 72.6%, FIIs 0.1%, Public 27.4%.Mar '24: Promoters 73.6%, FIIs 0.8%, Public 25.6%.Jun '24: Promoters 73.7%, FIIs 0.8%, Public 25.5%.Sep '24: Promoters 73.7%, FIIs 1.1%, DIIs 0.1%, Public 25.2%.Dec '24: Promoters 73.7%, FIIs 1.4%, DIIs 0.0%, Public 24.9%.Mar '25: Promoters 73.7%, FIIs 1.5%, DIIs 0.0%, Public 24.8%.Jun '25: Promoters 73.7%, FIIs 1.4%, DIIs 0.0%, Public 24.9%.Sep '25: Promoters 73.7%, FIIs 1.9%, DIIs 0.0%, Public 24.4%.Dec '25: Promoters 74.2%, FIIs 1.6%, DIIs 0.0%, Public 24.2%.Mar '26: Promoters 74.2%, FIIs 1.5%, DIIs 0.1%, Public 24.2%.Jun '26: Promoters 74.2%, FIIs 1.9%, DIIs 0.1%, Public 23.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Gokul Agro above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Kanubhai Jivatram Thakkar 30.10%unchanged
Manjulaben Kanubhai Thakker 14.43%unchanged
Jashodaben Commodities Llp 12.57%unchanged
Jayeshkumar K Thakkar 9.84%unchanged
Dipakkumar Kanubhai Thakkar 2.37%unchanged
Nilesh Kanubhai Thakkar 2.37%unchanged
Ritika Infracon Private 1.68%unchanged
Oppbasket Private Limited 1.41%unchanged
Legacy Commodities Private Limited . 1.23%unchanged
Anushree Himanshubhai Shah 1.21%unchanged
Eriska Investment Fund Ltd FPI fund1.06%unchanged
Pratik Agarwal 1.06%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹227, this stock must grow earnings at 9% every year for 7 years. Our analysis caps realistic growth at ~52%. At that growth it is worth ₹1864 — upside of 722%.

Growth the price implies
9.0% a year
for 7 years, fading to 4%
It has actually compounded at
52.7% a year
net profit, FY23–FY26 · EPS 52.2%
The gap
-0.4 pp
722% downside if it only repeats history
Price today ₹226.76 Value at the reference growth ₹1,863.86

Change the assumptions yourself →

Learn to analyse Gokul Agro

Guides on how to read this kind of business and the numbers that matter.