GOYALSALT
Goyal Salt financials
- Market cap
- ₹184 Cr
- Sector
- Fast Moving Consumer Goods
What Goyal Salt does
Goyal Salt Limited refines and manufactures sodium chloride (NaCl) in various forms — triple-refined free-flow iodised salt, double fortified (iron plus iodine) salt, industrial salt, and specialty rock/pink and black salts — at plants in Nawa City, Rajasthan and Gandhidham (Kutch), Gujarat. It sells branded edible salt through a retail dealer network, supplies industrial salt to chemical, textile, dye and detergent manufacturers, and supplies salt to state governments under the Public Distribution System (PDS).
Segments
- Edible/branded salt
- Industrial salt
- PDS supply to government
- Installed refining capacity
- 6,60,000 MT/annum (post Gujarat expansion)
- Manufacturing facilities
- 3 units — Nawa City (half-dry salt, ~2 acres; free-flow salt, ~13 acres) and Gandhidham/Kutch, Gujarat (12 acres)
- Largest single plant capacity
- 4,50,000 MT/annum (Moti Chirai, Gandhidham, Gujarat)
- Retail distribution reach
- 5,000+ retail outlets
- Backward integration (own salt works/karkhanas)
- ~700 bighas, meeting ~25% of raw salt requirement
- Export destinations
- China, Korea, Japan, Indonesia, Vietnam, Qatar
Quarterly results
Q4 FY26: revenue up 56.3%, net profit down 28.6% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 64 | 53 | 47 | 71 | 68 +6% | 62 +17% | 88 +87% | 111 +56% |
| EBITDA | 4 | 3 | 4 | 3 | 7 +75% | 5 +67% | 12 +200% | 12 +300% |
| Net profit | 2 | 1 | 2 | 7 | 9 +350% | 4 +300% | 6 +200% | 5 −29% |
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 −41.7% 1Y
1Y: ₹175.95 on 10 Sept 2025 → ₹102.6. High ₹198.5 (29 Oct 2025), low ₹99.65 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹11 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹9 Cr | ₹10 Cr | ₹5 Cr | ₹24 Cr | ₹44 Cr | ₹49 Cr |
| Borrowings | ₹13 Cr | ₹11 Cr | ₹9 Cr | ₹6 Cr | ₹47 Cr | ₹44 Cr |
| Other liabilities | ₹3 Cr | ₹5 Cr | ₹4 Cr | ₹3 Cr | ₹45 Cr | ₹9 Cr |
| Total liabilities | ₹27 Cr | ₹27 Cr | ₹29 Cr | ₹51 Cr | ₹154 Cr | ₹121 Cr |
| Fixed assets | ₹5 Cr | ₹6 Cr | ₹6 Cr | ₹10 Cr | ₹46 Cr | ₹48 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹0 Cr | ₹7 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹8 Cr | ₹6 Cr | ₹6 Cr |
| Other assets | ₹22 Cr | ₹22 Cr | ₹23 Cr | ₹29 Cr | ₹102 Cr | ₹61 Cr |
| Total assets | ₹27 Cr | ₹27 Cr | ₹29 Cr | ₹51 Cr | ₹154 Cr | ₹121 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 Mar 2026
Since Mar 2025, the public trimmed −1.89 pp while DIIs added +1.88 pp. The shareholder count shrank 11% to 1,216.
- Promoters
- 72.6%
- FIIs
- 0.5%
- DIIs
- 2.4%
- Public
- 24.6%
Since Mar 2025
- Public −1.89 pp
- DIIs +1.88 pp
- Promoters 0.00 pp
How it drifted, 6 quarters
Over this window the public went from 16.9% to 24.6% — +7.7 pp.
Ownership split by quarter, oldest first. Oct '23: Promoters 72.6%, FIIs 4.7%, DIIs 5.8%, Public 16.9%.Mar '24: Promoters 72.6%, FIIs 1.0%, Public 26.4%.Sep '24: Promoters 72.6%, FIIs 0.5%, DIIs 0.1%, Public 26.8%.Mar '25: Promoters 72.6%, FIIs 0.5%, DIIs 0.5%, Public 26.4%.Sep '25: Promoters 72.6%, FIIs 0.5%, DIIs 1.5%, Public 25.4%.Mar '26: Promoters 72.6%, FIIs 0.5%, DIIs 2.4%, Public 24.6%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- L7 Hitech Private Limited newly disclosed 1.52% held
- Holani Venture Capital Fund- Holani Venture Capital Fund-I Mutual fund +0.84 pp 2.37% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Goyal Salt above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Lokesh Goyal | 12.65% | unchanged |
| Pramesh Goyal | 12.23% | unchanged |
| Rajesh Goyal | 8.42% | unchanged |
| Rekha Goyal | 6.37% | unchanged |
| Radhika Goyal | 6.37% | unchanged |
| Priyanka Goyal | 6.37% | unchanged |
| Kunj Bihari Goyal Huf | 5.12% | unchanged |
| Parmesh Goyal Huf | 5.03% | unchanged |
| Lokesh Goyal Huf | 5.03% | unchanged |
| Rajesh Goyal Huf | 5.03% | unchanged |
| Holani Venture Capital Fund- Holani Venture Capital Fund-I Mutual fund | 2.37% | +0.84 pp |
| L7 Hitech Private Limited | 1.52% | newly disclosed |
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.
Learn to analyse Goyal Salt
Guides on how to read this kind of business and the numbers that matter.