Goyal Salt share price & results
- Mar 2026
- Mar 2026
Rajasthan/Gujarat-based manufacturer and refiner of edible and industrial sodium-chloride (salt) products sold under the Goyal brand.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 111 | +79.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 11.0 | +2.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.0 | +25.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +2.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -10.62 | +2.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +42.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −46.4% 1Y
1Y: ₹183 on 24 Oct 2025 → ₹98. High ₹198.5 (29 Oct 2025), low ₹98 (23 Oct 2026).
- Previous close
- ₹98
- Market cap
- ₹183 Cr
- 52-week range
- ₹98 – ₹198.5
- One year
- −45.56%
- Price to earnings (FY ending Mar 2026)
- 16.61×
- Return on equity (FY ending Mar 2026)
- 17.92%
Overview
- Symbol
- NSE:GOYALSALT
- Exchange
- NSE
- Currency
- INR
What Goyal Salt does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +25% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 64 | 53 | 47 | 71 | 68 | 62 | 88 | 111 |
| Expenses | 60 | 50 | 43 | 68 | 62 | 56 | 76 | 99 |
| Operating profit | 4 | 3 | 4 | 3 | 7 | 5 | 12 | 12 |
| Operating margin | 6.0% | 5.0% | 9.0% | 4.8% | 10.0% | 9.0% | 14.0% | 11.0% |
| Other income | 0 | 0 | 0 | 6 | 7 | 1 | 0 | 0 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 3 | 2 | 3 | 9 | 12 | 5 | 9 | 7 |
| Tax rate | 25.0% | 31.0% | 26.0% | 20.0% | 23.0% | 24.0% | 25.0% | 26.0% |
| Net profit | 2 | 1 | 2 | 7 | 9 | 4 | 6 | 5 |
| EPS (₹ per share) | 11.98 | 1.06 | 1.85 | 3.93 | 5.21 | 2.19 | 3.56 | 2.78 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 2 | 11 | 18 | 18 | 18 | 18 |
| Reserves | 10 | 5 | 24 | 38 | 44 | 49 |
| Borrowings | 11 | 9 | 6 | 21 | 47 | 44 |
| Other liabilities | 5 | 4 | 3 | 4 | 45 | 9 |
| Total liabilities | 27 | 29 | 51 | 81 | 154 | 121 |
| Fixed assets | 6 | 6 | 10 | 12 | 46 | 48 |
| Capital work in progress | 0 | 0 | 4 | 29 | 0 | 7 |
| Investments | 0 | 0 | 8 | 6 | 6 | 6 |
| Other assets | 22 | 23 | 29 | 34 | 102 | 61 |
| Total assets | 27 | 29 | 51 | 81 | 154 | 121 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -4 | 5 | -2 | 5 | 12 | -2 |
| Cash from investing | -1 | -1 | -2 | -17 | -27 | -18 |
| Cash from financing | 5 | -3 | 4 | 12 | 15 | 20 |
| Net cash flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | -6 | 3 | -3 | -5 | -16 | -21 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 84 | 79 | 48 | 58 | 43 | 49 |
| Inventory days | 55 | 49 | 20 | 21 | 58 | 91 |
| Days payable | 31 | 41 | 12 | 9 | 11 | 26 |
| Cash conversion cycle | 108 | 87 | 57 | 70 | 89 | 114 |
| Working capital days | 38 | 38 | 27 | 55 | 54 | 34 |
| Return on capital employed | 9.0% | 9.0% | 25.0% | 18.0% | 17.0% | 20.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 72.61% as of Mar 2026; institutions added 0.84 pts since Sept 2025.
- Promoters 72.61%
- Foreign institutions 0.46%
- Domestic institutions 2.37%
- Public 24.55%
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.
- newly disclosed 1.52% held
- 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 |
|---|---|---|
| 12.65% | unchanged | |
| 12.23% | unchanged | |
| 8.42% | unchanged | |
| 6.37% | unchanged | |
| 6.37% | unchanged | |
| 6.37% | unchanged | |
| 5.12% | unchanged | |
| 5.03% | unchanged | |
| 5.03% | unchanged | |
| 5.03% | unchanged | |
| Mutual fund | 2.37% | +0.84 pp |
| 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.
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