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Prices as of 8 Oct 2026 close · Not investment advice

GOCL Corporation Limited

NSE: GOCLCORPExplosives

Share price

₹357.50

-0.03% close of 9 Oct 2026

Market cap ₹1,772 CrP/E 6.7 (as of 8 Oct 2026)

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

54

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,772 Cr

P/E ratio

6.7

P/B ratio

0.6

ROCE

7.0%

ROE

56.0%

Dividend yield

8.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹456.1552-week low ₹225.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Jun 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Jun 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 6.7× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 56.2×, across 5 companies. It is against its own five-year median of 14.2×, the 7th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.0 times its growth rate, on earnings growth of 221%.

Profit growthPrice per ₹1 profitPer 1% growth
GOCL Corporation Limited — this one221%/yr6.7×—
Pidilite Industries25%/yr56.2×₹2.2
SRF Limited-4%/yr32.9×—
Linde India Limited1%/yr93.8×₹93.8
Coromandel International Limited-1%/yr26.9×—
Gujarat Fluorochemicals Limited-24%/yr79.0×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Chemicals sector, it ranks 132 of 182 on returns, 173 of 175 on growth, 181 of 182 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 7.0% on capital, ahead of 27% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹117 crore of cash before any plant spend. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 47 days for its cash to waiting 687 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 9 checks clear · 56%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹4 Cr

Net profit

₹40 Cr

EPS

₹8.15

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,772 Cr
Prev close
₹357.50
52w High
₹461
52w Low
₹223
Enterprise value
₹1,715 Cr
Beta
1.4
Price CAGR 1y
6.0%
Price CAGR 3y
-10.0%
Price CAGR 5y
6.0%
Price CAGR 10y
1.0%

Ratios

Return on assets
42.8%
PEG ratio
0.0
P/E ratio
6.7
P/B ratio
0.6
EV / EBITDA
-58.9
Industry P/E
22.2
ROCE
7.0%
ROCE 5y average
6.4%
ROE
56.0%
Debt / Equity
0.0
Interest coverage
33.4
Dividend yield
8.2%
ROE 3y average
28.0%
ROE last year
56.0%

Annual P&L

Annual revenue
₹10 Cr
Annual profit
₹1,522 Cr
Operating margin
-322.0%
Net profit margin
15220.0%
EBITDA margin
-310.0%
Sales growth 3y
-77.9%
Sales growth 5y
-52.6%
Profit growth 3y
221.0%
Profit growth 5y
76.0%
EPS
₹307
Sales growth TTM
-26.0%
Profit growth TTM
136.0%
Dividend payout
10.0%

Quarter P&L

Sales latest quarter
₹4 Cr
Profit latest quarter
₹40 Cr
YoY quarterly sales growth
26.5%
YoY quarterly profit growth
-96.7%
OPM latest quarter
-122.4%

Balance Sheet

Book Value
₹629
Face Value
₹2.0
Total debt
₹1 Cr
Total cash
₹58 Cr
Borrowings
₹1 Cr
Reserves / Equity
313.3

Cash Flow

Operating cash flow
-₹34 Cr
Free cash flow
₹1,269 Cr
FCF yield
68.9%
Net cash flow
₹2 Cr

Shareholding

Promoter holding
67.8%
FII holding
5.3%
DII holding
1.3%
Public holding
25.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Solar Industries20,050.0091.11,81,4330.05666.492.73,668.270.338.1
Prem. Explosives687.05107.43,6940.073.1-83.4102.6-27.923.0
GOCL Corpn.367.856.81,8248.1640.4-5.94.326.67.0
Keltech Energies13,233.1050.51,3230.018.1-1.6183.327.820.4
Beezaasan Exp.769.3588.01,1660.005.0-0.2111.1-2.112.2
Median769.3588.01,8240.058.1-1.6111.126.620.4

Competes with: Premier Explosives Limited, Solar Industries India Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1971631671583.843.434.592.983.392.221.822.334.29
Expenses20215517616818712899121010
Material Cost1140.540.750.170.480.95
Change in Inventories2.200.35-0.59-0.26-0.090.32
Purchases of Stock-in-Trade1.2700000
Employee Cost8.591.611.622.352.202.83
Other Expenses186.907.709.567.875.43
Operating Profit-48-9-11-14-4-7-5-6-7-10-8-5
OPM %-2.194.82-5.17-6.83-376-116-163-169-177-327-549-349-122
Other Income6555684910644119611,2644425310959
Exceptional items (within Other Income)6.7212-1.003.90-2.103.52
Interest42373730272725242612740
Depreciation3332111011111
Profit before tax1623196641387311,232242369753
Tax %253220164358-726142112223
Net Profit121615536592231,223142107540
EPS in Rs2.453.173.1117.311.10194.662472.8342158.15
Diluted EPS in Rs02472.834200

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales390484499483532499416498921610189.7611
Expenses360458469455500483406494942632464141
Material Cost4551.94
Change in Inventories1.68-0.59
Purchases of Stock-in-Trade1.270
Employee Cost407.77
Other Expenses8332
Operating Profit30263027321594-21-22-28-31-31
OPM %856663.102.300.80-2.30-3.50-152-322-287
Other Income9082867269601412524792393271,671466
Exceptional items (within Other Income)-1013
Interest63646246411653571191461024923
Depreciation556667891092.242.383
Profit before tax52394748545390191329631951,589410
Tax %213031292561383623194
Net Profit42273334415079176211481571,522340
EPS in Rs8.395.436.596.888.18101636439.733230769
Diluted EPS in Rs00
Dividend Payout %242824232440381423413210

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-32%
5 years
-53%
3 years
-78%
TTM
-26%

Compounded profit growth

10 years
50%
5 years
76%
3 years
221%
TTM
136%

Stock price CAGR

10 years
1%
5 years
6%
3 years
-10%
1 year
6%

Return on equity

10 years
15%
5 years
20%
3 years
28%
Last year
56%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101010101010109.9110
Reserves9971,0175078119339001,1551,1421,4001,4091,5663,133
Borrowings1,3391,2481,0248025381,1931,1141,5951,7671,1881,0921
Other Liabilities184193190182202179171491321286440412
Total Liabilities2,5302,4671,7311,8051,6832,2812,4513,2383,4982,8933,1093,555
Fixed Assets97197233835136136937430331319111588
CWIP13151719161915311331
Investments111614405414695784549505156
Other Assets1,5451,4791,2159957641,4251,4842,8863,1352,6392,9393,411
Total Assets2,5302,4671,7311,8051,6832,2812,4513,2383,4982,8933,1093,555

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-2040271138-137-62-774016-34
Cash from Investing Activity-8139242268288-606102-3221737342221,082
Cash from Financing Activity-4-169-275-279-323625-105387-90-800-230-1,046
Net Cash Flow-3210-6147446-2682
Free Cash Flow-263420-725-30-0-72125262561,269

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days845763756257444835472437
Inventory Days16613678707171831851024726260
Days Payable10496487171646213091415968,287
Cash Conversion Cycle1469792746263651044752-546-7,990
Working Capital Days-73-7927181424714343540568729,8771,09,911
ROCE %445664756777

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters747473737373737368686868
FIIs3.440.070.130.110.140.110.370.165.125.125.085.34
DIIs1.252.692.821.251.251.251.261.271.271.251.261.34
Government0.300.300.300.300.300.300.300.300.300.300.300.30
Public212324262526252525262625
No. of Shareholders31,40532,19232,66736,16936,35335,31434,94737,96737,10936,95138,13935,590

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +1.3% (₹352.95 → ₹357.50)Brick size ₹17.33 (fixed)Bricks 30
₹300₹400₹358Dec '25Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹357.50 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

4.38

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

17,12,825inr

2026-03-31

News

News and filings about GOCL Corporation Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Explosives
Classification
Chemicals › Explosives
ISIN
INE077F01035

Business segments

  • Discontinued Operation · 81%
  • Unallocable income · 17%
  • Realty · 2%
  • Electronics Manufacturing Services · 0%

News impact

Big market events that reach GOCL Corporation Limited, and how the effect spreads.

Who it hits first

  • Solar Industries India, which makes explosives for mines and builders, plans to buy Omnia Holdings to grow much bigger by FY28.
  • The deal should lift long-term sales and profit, but new loans to pay for it may squeeze profit in the next few quarters.
  • Rival makers and parts suppliers are in focus, though no new orders or prices are named yet.
  • The 'solar' name is a coincidence — Solar Industries makes explosives, not solar panels, so no power-sector chain follows.

Who may gain

  • Solar Industries India (explosives maker) — bigger sales base after Omnia in the long run
  • Paras Defence and Jyoti CNC Automation (parts and machine suppliers) — steadier orders if Solar expands
  • Deepak Fertilisers (chemical supplier) — firmer input volumes on a larger Solar
  • GOCL Corp and Premier Explosives (rival explosives makers) — possible sympathy buying on sector news

Along the supply chain

Downstream

Downstream, Coal India, the big coal miner, buys Solar's explosives to blast rock; the deal does not change its mines or digging plans, so demand stays flat.

Upstream

Upstream, Paras Defence, Jyoti CNC Automation, Deepak Fertilisers and Adroit Info send parts, machines and chemicals to Solar; a larger Solar could order more over time, but no fresh order is named.

Where demand moves

Business

Mines and builders need the same explosives today, so real business demand barely moves; any lift comes later if the bigger Solar wins more mine work after Omnia.

Capital

Investors may pay more for Solar on the growth story while also charging for the extra debt, and some money may drift to GOCL Corp and Premier Explosives as related bets.

How it spreads across sectors

Capital Goods

Machine and parts makers like Paras Defence and Jyoti CNC could gain later if Solar orders more kit.

Chemicals

Leader Solar's buyout talk lifts mood for explosives makers; rivals GOCL Corp and Premier Explosives may see sympathy interest.

Oil, Gas & Consumable Fuels

Coal India, the miner customer, is barely touched as digging plans do not change.

A pattern seen before

Cascade chain

Pattern name

Energy Transition Cascade

Patterns

  • Energy Transition Cascade

Sectors queried

  • Auto
  • Oil & Gas
  • Power

When it plays out

Immediate

In 1-7 days Solar's stock may swing on deal talk while rivals and suppliers see small sympathy moves.

Medium term

In 1-6 months progress on approvals and debt plans decides whether the long road to FY28 growth looks worth the cost.

Short term

In 1-4 weeks focus shifts to deal price, loans and profit impact, capping big gains until terms are clear.

Who it hits first

  • Solar Industries pays ~Rs 12,951 crore in cash for South Africa's Omnia, taking on new debt; earnings per share fall 4-6% in FY28-29, but it gains Omnia's mining-explosives, blasting-software and African farm-nutrient businesses.

Who may gain

  • Omnia shareholders (all-cash R21.8bn exit)
  • Long-term SOLARINDS holders if Jefferies 46% upside plays out
  • African mining customers get a broader blasting supplier

Along the supply chain

Downstream

Mining customers including Coal India see no near-term change — blasting demand tracks coal and ore output, not the supplier's owner.

Upstream

Omnia's own ammonium-nitrate capacity may over time reduce Solar's buying from Indian input makers (Deepak Fertilisers, GNFC, RCF).

Where demand moves

Business

Solar inherits Omnia's mining and farm-nutrient customers across Africa and Australia, adding cross-selling on top of its Indian explosives base.

Capital

Jefferies' bullish note can draw institutional dip-buying into SOLARINDS; smaller explosives peers may see rotation out toward the enlarged leader.

How it spreads across sectors

Chemicals

Deeper vertical integration and global scale intensify competition in explosives chemicals.

Defence

Near-term cash diverted to the deal, but acquired energetics know-how may aid Solar's defence arm later.

Fertilizers

Omnia Agriculture makes Solar a new neighbour in crop nutrition.

Metals & Mining

Miners gain a one-stop blasting, software and metallurgical-services supplier.

When it plays out

Immediate

SOLARINDS reprices the dilution-versus-upgrade tug-of-war over 1-7 days.

Medium term

Synergy delivery and FY28-29 earnings decide whether the 46% upside is real over 1-6 months.

Short term

Deal-closure milestones, final debt quantum and integration-cost detail set the next move over 1-4 weeks.

Other sectors it reaches

  • Fertilizers
  • Metals & Mining

Who it hits first

  • Solar Industries gains instant Africa footprint, $1.41bn sales and electronic-detonator technology.
  • All-cash funding uses balance-sheet strength; debt stays manageable near 0.24 times equity.
  • Explosives peers (Premier, GOCL) rerate on sector-validation sentiment.

Who may gain

  • Solar Industries: scale, technology and Africa mining/agri entry in one deal.
  • Omnia shareholders: 14.3% immediate premium with board backing.

Along the supply chain

Downstream

African miners and farmers get a deeper-pocketed supplier; Indian customers unaffected near-term.

Upstream

Nitric acid and ammonium nitrate integration secures Solar explosive feedstock.

Where demand moves

Business

African mining and farming demand flows into Solar order books; nitric-acid integration cuts input costs over time.

Capital

Money rotates into explosives and defence-chemical names on consolidation validation.

How it spreads across sectors

Capital Goods

Defence-manufacturing halo as Solar defence arm scales globally.

Chemicals

Explosives sub-sector rerates; specialty-chemical M&A validation.

When it plays out

Immediate

Solar stock up 1-3% on deal cheer; peers firm 1-2% on sentiment.

Medium term

Integration and synergy delivery over 1-3 years decide whether the 14.3% premium pays off.

Short term

Shareholder votes and regulatory clearances (South Africa, India) set the floor; financing details watched.

Who it hits first

  • Solar Industries converts defence indigenisation into record orders
  • Valuation at 85x FY27 EPS demands flawless execution
  • Peers Premex and GOCL ride sympathy bids

Who may gain

  • BEL/HAL gain as defence-electronics demand rises alongside munitions
  • Testing and certification vendors gain business

Along the supply chain

Downstream

Armed forces get indigenous munitions supply at scale.

Upstream

Chemical and explosive-input suppliers gain steady offtake.

Where demand moves

Business

Order execution spans 3-5 years; capacity expansion and working capital fund the ramp.

Capital

Money chases defence order-book growth; valuation discipline caps fresh buying in Solar itself.

How it spreads across sectors

Chemicals

explosives demand boom lifts utilisations

Defence

munitions indigenisation accelerates

When it plays out

Immediate

Solar firms on order-book headlines; rich multiple caps follow-through.

Medium term

Rs 18,000 cr book funds 3+ years of growth if converted cleanly.

Short term

Watch execution margins and working-capital stretch.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

22 Sep 2026unspecified₹30
25 Jul 2025unspecified₹10
17 Sep 2024unspecified₹4
14 Sep 2023unspecified₹5
14 Sep 2023special₹5
18 Jul 2022unspecified₹3
23 Sep 2021unspecified₹2
20 Aug 2021special₹2

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
3 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY3,35,062₹434.04
3 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL3,35,026₹434.37

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.