GOYALALUM - Goyal Aluminiums
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.
Geographic Revenue Split
Not disclosed in available documents.
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.
Capital Expenditure
Not disclosed in available documents.
Credit Rating & Borrowing
Not disclosed in available documents.
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.
Capacity Expansion
Not disclosed in available documents.
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.
Manufacturing Efficiency
Not disclosed in available documents.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
Not disclosed
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.
New Products/Services
Not disclosed in available documents.
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.
Market Share & Ranking
Not disclosed in available documents.
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.
Consumer Behavior
Not disclosed in available documents.
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.
Environmental Compliance
Not disclosed in available documents.
Taxation Policy Impact
Not disclosed in available documents.
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.
Geographic Concentration Risk
Not disclosed in available documents.
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.