GOYALALUM
Goyal Aluminiums financials
- Market cap
- ₹86 Cr
- Sector
- Services
What Goyal Aluminiums Limited does
Goyal Aluminiums Limited is a multi-product trading organisation operating in aluminium, buying and selling aluminium goods rather than primarily manufacturing them. The company is building out a dedicated trading vertical and team, leveraging its promoters' long-standing networks in Delhi's trading community to grow its presence in the aluminium trade across Northern India. It also transacts for aluminium profiles, sections, grills and hardware aluminium goods with a set of related-party trading and manufacturing firms. Through its associate company, the group has diversified into manufacturing, trading, fleet operation and leasing of electric vehicles and related components.
Segments
- Aluminium trading
- Business model
- Trading organisation (multi-product aluminium trading, not primary manufacturing)
- Factory address (per company letterhead)
- Ballabhgarh, Haryana
- Related-party trading counterparties
- 4 (Goyal Rubbers, Gayatri Rubbers & Chemicals, ARG Enterprises, TCS Sales India)
- Associate companies
- 1 (Wroley E India Pvt Ltd — EV manufacturing, trading, fleet operation and leasing)
- Primary market focus
- Northern India, centred on the Delhi trading community
Quarterly results
Q1 FY27: revenue up 9.1%, net profit up 84.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 20 | 16 | 18 | 12 −44% | 17 −14% | 29 +81% | 20 +9% |
| EBITDA | 1 | 1 | 0 | 0 | 1 −8% | 1 +69% | 2 +1176% | 1 +144% |
| Net profit | 1 | 1 | 0 | 1 | 1 +136% | 0 −51% | 2 +1163% | 1 +84% |
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 −19.5% 1Y
1Y: ₹7.47 on 10 Sept 2025 → ₹6.01. High ₹10.34 (6 Jan 2026), low ₹5.44 (30 Mar 2026).
Financials, as filed
Revenue grew 5.1% a year over 2 years, FY24 to FY26. Operating margin widened to 5.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹68 Cr | ₹77 Cr | ₹76 Cr |
| Operating profit | ₹3 Cr | ₹2 Cr | ₹4 Cr |
| Operating margin | 4.7% | 2.9% | 5.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹3 Cr | ₹2 Cr | ₹4 Cr |
| Net margin | 3.7% | 3.0% | 5.8% |
| Cash from operations | ₹1 Cr | ₹3 Cr | ₹-1 Cr |
| Free cash flow | ₹0 Cr | ₹2 Cr | ₹-12 Cr |
| ROCE | 16.4% | 10.7% | 10.1% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹4 Cr | ₹1 Cr | ₹3 Cr | ₹6 Cr | ₹10 Cr | ₹11 Cr |
| Borrowings | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹11 Cr |
| Other liabilities | ₹11 Cr | ₹21 Cr | ₹3 Cr | ₹2 Cr | ₹10 Cr | ₹10 Cr |
| Total liabilities | ₹26 Cr | ₹39 Cr | ₹22 Cr | ₹24 Cr | ₹36 Cr | ₹46 Cr |
| Fixed assets | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹12 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹8 Cr | ₹5 Cr |
| Other assets | ₹26 Cr | ₹37 Cr | ₹20 Cr | ₹21 Cr | ₹27 Cr | ₹30 Cr |
| Total assets | ₹26 Cr | ₹39 Cr | ₹22 Cr | ₹24 Cr | ₹36 Cr | ₹46 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
The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 79,801.
- Promoters
- 69.9%
- Public
- 30.1%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 70.0%, FIIs 0.0%, Public 30.0%.Dec '23: Promoters 70.0%, Public 30.0%.Mar '24: Promoters 70.0%, Public 30.0%.Jun '24: Promoters 70.0%, Public 30.0%.Sep '24: Promoters 70.0%, Public 30.0%.Dec '24: Promoters 70.0%, FIIs 0.1%, Public 29.9%.Mar '25: Promoters 70.0%, Public 30.0%.Jun '25: Promoters 69.9%, Public 30.1%.Sep '25: Promoters 69.9%, Public 30.1%.Dec '25: Promoters 69.9%, Public 30.1%.Mar '26: Promoters 69.9%, Public 30.1%.Jun '26: Promoters 69.9%, Public 30.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Goyal Aluminiums Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sandeep Goyal | 54.84% | unchanged |
| Kanchan Goel | 14.90% | unchanged |
| Chahat Gupta | 0.10% | unchanged |
| Mahatve Gupta | 0.10% | 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
AttractiveTo justify its price of ₹6, this stock must grow earnings at 10% every year for 7 years. Our analysis caps realistic growth at ~32%. At that growth it is worth ₹18 — upside of 208%.
- Growth the price implies
- 10.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 36.3% a year
- net profit, FY24–FY26 · EPS 32.4%
- The gap
- -0.2 pp
- 208% downside if it only repeats history
Learn to analyse Goyal Aluminiums Limited
Guides on how to read this kind of business and the numbers that matter.