Goyal Aluminiums Limited (GOYALALUM)
₹5.89 +0.51% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Goyal Aluminiums' revenue was ₹19.5 Cr (+9.1% year on year, -31.6% on the previous quarter), and net profit ₹0.4 Cr (-13.2% year on year); the operating margin was 3.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹19.5 | +9.1% | -31.6% |
| Operating profit | ₹0.6 | +142.1% | -72.1% |
| Net profit | ₹0.4 | -13.2% | -78.5% |
| EPS (₹) | 0.06 | +50.0% | -57.1% |
| Operating margin | 3.1% | — | — |
GOYALALUM delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 66.79% of the GOYALALUM shares traded on NSE were taken to delivery, against the stock's own 20-session average of 71.33%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 88.5% · 62.0% · 69.2% · 70.8% · 66.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Goyal Aluminiums Limited reported the voting results of its 10th AGM held on September 30, 2026. Shareholders approved all 7 resolutions, including the divestment of its investment in associate Wroley E India Private Limited with 99.97% votes in favour. Additionally, shareholders approved material related-party transactions of up to ₹100 crore (97.16% in favour), which is significant against the company's TTM revenue of ₹77 crore. Regularisation of two independent directors and financial statements for FY26 were also passed.
- Approval of divestment in associate Wroley E India Private Limited with 99.97% valid votes in favour
- Approval for transactions up to ₹100 crore passed with 97.16% valid votes in favour
- Adoption of FY26 Audited Financial Statements approved with 99.97% votes in favour
- Appointment and regularisation of two independent directors (Mr. Saurabh Gakhar and Mrs. Pushpa Joshi) approved with 97.16% votes each
Goyal Aluminiums completed its 10th Annual General Meeting on September 30, 2026, attended by 36 members. Key resolutions put to vote included the divestment of its investment in associate Wroley E India Private Limited and approval for material related-party transactions up to ₹100 crore, which exceeds the company's TTM revenue of ₹77 crore. Combined e-voting results and the scrutinizer's report are expected within two working days.
- Approval sought for material related-party transactions with an aggregate limit up to ₹100 crore
- Resolution tabled to approve divestment of investment in associate Wroley E India Private Limited
- A total of 36 members, including 2 representing the Promoter and Promoter Group, attended the meeting
- Combined voting results to be announced within 2 working days
Goyal Aluminiums Limited has announced the closure of its trading window starting October 01, 2026, pursuant to SEBI insider trading regulations. The restriction applies to promoters, directors, key managerial personnel, and designated persons. The window will reopen 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30, 2026. The specific date for the Board of Directors meeting will be notified separately.
- Trading window closes effective October 01, 2026
- Closure extends until 48 hours after declaration of financial results for Q2/H1 ended September 30, 2026
- Designated PANs to be frozen by depository specifically for company shares as per SEBI circulars
Goyal Aluminiums Limited has scheduled its remote e-voting period for its upcoming AGM, starting Sunday, September 27, 2026, at 9:00 AM IST and concluding Tuesday, September 29, 2026, at 5:00 PM IST. The company has tied up with CDSL to manage the voting infrastructure. The cut-off date to establish voting eligibility has been stated as Friday, September 25, 2025 (likely a clerical error for 2026). This is a standard statutory compliance filing without any direct financial impact on the company's ₹77 Cr TTM revenue base.
- Remote e-voting begins on Sunday, 27th September, 2026, at 9:00 AM IST
- Remote e-voting concludes on Tuesday, 29th September, 2026, at 5:00 PM IST
- Cut-off date for member voting rights is Friday, 25th September (noted as 2025 in filing)
- Partnership executed with CDSL for conducting the remote e-voting process
Goyal Aluminiums Limited has issued an intimation regarding remote e-voting facilities for its upcoming Annual General Meeting scheduled for September 30, 2026. The company has tied up with CDSL to manage the e-voting process. The remote e-voting window opens on Sunday, September 27, 2026, at 9:00 AM IST and concludes on Tuesday, September 29, 2026, at 5:00 PM IST. The cut-off date to determine member eligibility for voting is Friday, September 25.
- Annual General Meeting (AGM) scheduled for September 30, 2026
- Remote e-voting window opens on September 27, 2026 (9:00 AM IST)
- Remote e-voting window closes on September 29, 2026 (5:00 PM IST)
- Cut-off date for e-voting eligibility set for September 25
Goyal Aluminiums has approved the divestment of its investment in associate company Wroley E India Private Limited, leading to its cessation as an associate. Additionally, the Board approved an aggregate limit for material related party transactions of up to ₹100 crores, which represents ~130% of its TTM revenue of ₹77 crores. The Board also approved the convening of its 10th Annual General Meeting and the FY26 Annual Report.
- Approved divestment of stake in associate company Wroley E India Private Limited
- Approved aggregate limit of material related party transactions up to ₹100 crores
- Approved convening of the 10th Annual General Meeting (AGM) for FY25-26 via VC/OAVM
- Appointed Nitin Bhardwaj & Associates as scrutinizer for e-voting
Goyal Aluminiums Limited has reported its financial results for the quarter ended June 30, 2026. The consolidated results feature a profit contribution of Rs 48.99 lakhs from its associate, Wroley E India Private Limited. This associate remains a critical component of the company's bottom line, following a Rs 1.23 Cr contribution in FY26. The auditors issued a clean review report, though they noted the associate's results were management-certified and not independently reviewed by them.
- Share of net profit from associate Wroley E India Private Limited was Rs 48.99 lakhs for the quarter.
- Total comprehensive income from the associate for the period ended June 30, 2026, was Rs 48.99 lakhs.
- The company maintains a promoter holding of 69.94% as per the latest financial context.
- TTM revenue for the company is approximately Rs 76 Cr against a market cap of Rs 91 Cr.
Goyal Aluminiums Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Skyline Financial Services Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. This is a standard administrative filing required to ensure that the company's share records are accurately reflected in the electronic systems of NSDL and CDSL. There is no impact on the company's financial performance or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar and Share Transfer Agent identified as Skyline Financial Services Private Limited
- Announcement submitted to exchanges on July 8, 2026
- Confirms reconciliation of share records with NSDL and CDSL
Goyal Aluminiums Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the declaration of the Unaudited Financial Results for the quarter ending June 30, 2026. The restriction applies to promoters, directors, and designated employees, preventing them from trading in company shares. The window will remain closed until 48 hours after the results are officially announced to the exchanges.
- Trading window closure begins on July 1, 2026.
- Closure pertains to the Unaudited Financial Results for the quarter ended June 30, 2026.
- Trading restriction ends 48 hours after the board meeting results are disclosed.
- PAN of designated persons will be frozen by the Depository as per SEBI circulars.
Goyal Aluminiums Limited has declared its financial results for the quarter and full year ended March 31, 2026. The independent auditor, V.N. Purohit & Co., has issued an unqualified opinion, confirming that the standalone and consolidated statements provide a true and fair view of the company's financial position. The consolidated results specifically include the performance of its associate company, M/s Wroley E India Private Limited. While the audit report confirms regulatory compliance and data integrity, specific revenue and profit figures were not detailed in the provided audit opinion text.
- Independent Auditor V.N. Purohit & Co. issued an unqualified (clean) opinion for the fiscal year ended March 31, 2026.
- Consolidated financial results successfully incorporate the performance of the associate entity, M/s Wroley E India Private Limited.
- The results for the final quarter of FY26 were verified as balancing figures between audited full-year data and previously reviewed nine-month figures.
- The board confirmed full compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Goyal Aluminiums Limited has officially informed the exchanges that it does not qualify as a 'Large Corporate' (LC) under the SEBI framework. The company does not meet the specific criteria of having outstanding long-term borrowings of ₹1,000 crore or more, nor does it hold a credit rating of 'AA' or above. As a result, the mandatory requirement to raise a portion of incremental borrowings through debt securities is not applicable. This is a routine annual disclosure required by SEBI for all listed entities.
- Company confirms it does not have outstanding long-term borrowings of ₹1,000 crore or above.
- Credit rating does not meet the 'AA and above' threshold required for Large Corporate status.
- Exempted from SEBI's mandatory debt issuance requirements for Large Corporates.
- Disclosure is in compliance with SEBI circulars dated August 10, 2021, and October 19, 2023.
- Filing is a standard regulatory procedure and does not reflect changes in business operations.
Goyal Aluminiums Limited has appointed Ms. Pushpa Joshi and Mr. Saurabh as Additional Non-Executive Independent Directors for a five-year term effective April 17, 2026. This move follows the resignation of two previous independent directors, Mr. Bishamber Nath Mehra and Mr. Amit Agarwal. Consequently, the company has reconstituted its Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. Both new appointees bring specialized backgrounds in finance, accounting, and taxation to the board's oversight functions.
- Appointment of Ms. Pushpa Joshi and Mr. Saurabh as Independent Directors for a 5-year tenure.
- Reconstitution of three major board committees: Audit, NRC, and Stakeholders Relationship.
- Ms. Pushpa Joshi brings over 5 years of professional experience in accountancy, taxation, and finance.
- The appointments fill vacancies created by the resignations of Mr. Bishamber Nath Mehra and Mr. Amit Agarwal.
- Changes are effective from April 17, 2026, subject to shareholder approval.
Goyal Aluminiums Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by the company's Registrar and Share Transfer Agent (RTA), covers the quarter and financial year ended March 31, 2026. This filing confirms that the company has complied with the necessary procedures for the dematerialization of securities. As a routine regulatory requirement, it ensures the integrity of the shareholding records between the company and the depositories (NSDL and CDSL).
- Submission of compliance certificate for the quarter and year ended March 31, 2026.
- Filing adheres to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- The document confirms the processing and cancellation of share certificates received for dematerialization.
- The certificate was issued by the company's appointed Registrar and Share Transfer Agent (RTA).
Goyal Aluminiums Limited has informed the exchanges of the resignation of two Independent Directors, Mr. Bishamber Nath Mehra and Mr. Amit Agarwal, effective April 1, 2026. Mr. Mehra cited professional and pre-occupational engagements, while Mr. Agarwal cited increased personal commitments as reasons for their departures. Neither director holds directorships or committee memberships in other listed entities. The company will need to appoint new independent directors to ensure compliance with SEBI board composition regulations.
- Resignation of Mr. Bishamber Nath Mehra (DIN: 08700633) effective April 1, 2026
- Resignation of Mr. Amit Agarwal (DIN: 07854072) effective April 1, 2026
- Reasons cited include professional engagements and personal commitments
- Both outgoing directors held no other listed entity directorships
- Company must now fill vacancies to meet SEBI LODR board requirements
Goyal Aluminiums Limited has informed the stock exchanges that its trading window will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are declared to the public. During this period, promoters, directors, and designated employees are prohibited from trading in the company's securities.
- Trading window closure effective from April 1, 2026.
- Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
- Trading restriction applies to all promoters, directors, KMPs, and designated persons.
- Window will reopen 48 hours after the official declaration of the financial results.
- PAN of designated persons will be frozen by the depository specifically for the company's shares during this period.
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew by 11.74% YoY, reaching INR 76.79 Cr (Rs. 7,67,947.34 thousand) compared to INR 68.72 Cr (Rs. 6,87,242.17 thousand) in the previous year. Standalone revenue matched the consolidated figure at INR 76.79 Cr. Specific segment-wise growth percentages were not disclosed.
Profitability Margins
Consolidated Net Profit Margin for the year was 2.98%, a decline from 3.38% in the previous year. Standalone Net Profit Margin was significantly lower at 1.94%, reflecting a standalone profit of INR 1.49 Cr (Rs. 14,887.90 thousand) against revenue of INR 76.79 Cr.
EBITDA Margin
Not explicitly disclosed; however, consolidated Net Profit decreased by 1.50% YoY to INR 2.29 Cr (Rs. 22,864.17 thousand) despite an 11.74% increase in revenue, indicating a contraction in core profitability margins.
Operational Drivers
Raw Materials
Aluminium raw materials. These represent a significant but unquantified percentage of total costs and are subject to high price volatility.
Import Sources
Neighboring countries are identified as sources of low-quality aluminium products being dumped into the domestic market, impacting the company's cost structure and competitive positioning.
Key Suppliers
RG Enterprises (a related party) supplied goods worth INR 0.44 Cr (Rs. 4,367.07 thousand) during the period.
Raw Material Costs
Raw material costs are a primary operational driver; the company reported that performance is heavily affected by volatility in aluminium prices and dumping from neighboring countries. Specific cost as a percentage of revenue was not disclosed.
Strategic Growth
Growth Strategy
The company is pursuing growth by aggressively acquiring new orders and exploring new business avenues. It also leverages its associate, Wroley E India Private Limited, which contributed a share of net profit amounting to INR 1.23 Cr (Rs. 122.99 Lakhs) for the half-year ended September 30, 2025.
Products & Services
Aluminium products, including various grades of aluminium raw materials and finished goods.
Brand Portfolio
Goyal Aluminiums.
Market Expansion
The company is targeting penetration into both domestic and international markets to diversify its revenue base and reduce exposure to local economic vibrations.
Strategic Alliances
Associate relationship with M/s Wroley E India Private Limited.
External Factors
Industry Trends
The Indian economy is forecasted to be the fastest-growing emerging market. The aluminium industry is currently characterized by high raw material volatility and a shift toward domestic manufacturing reforms, though it faces disruption from international dumping.
Competitive Landscape
The landscape is competitive with significant pressure from low-cost imports and neighboring country dumping.
Competitive Moat
The company relies on team determination and product diversification as its primary advantages. However, it acknowledges a 'low equity base' as a weakness, which may limit the sustainability of its competitive moat against larger, more capitalized players.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and central government stability, which are viewed as catalysts for economic reforms and improved macro-economic environments.
Geopolitical Risks
Vulnerable to trade policies and dumping practices from neighboring countries, which affect the competitive landscape of the aluminium industry.
Regulatory & Governance
Industry Regulations
Operations are subject to government policies and vibrations in the economy. Remuneration paid to directors is compliant with Section 197 and Schedule V of the Companies Act 2013.
Legal Contingencies
The company has disclosed the impact of pending litigations in Note 35 of its Standalone Financial Statements, though specific case values were not detailed in the provided text.
Risk Analysis
Key Uncertainties
Primary uncertainties include the volatility of raw material prices and the potential for continued dumping of low-quality aluminium, which could impact profitability by an unquantified percentage.
Third Party Dependencies
Dependency on related party RG Enterprises for a portion of sales (INR 1.29 Cr) and purchases (INR 0.44 Cr).
Technology Obsolescence Risk
The company previously lacked an edit log facility in its accounting software (until March 31, 2024), which posed a regulatory risk regarding the audit trail; this has since been addressed.
Credit & Counterparty Risk
The company uses year-end cut-off procedures and testing of manual journal entries to mitigate the risk of revenue and profit manipulation.
