Goyal Aluminiums Limited is engaged in the business of providing metal trading services. It offers aluminium sheets, coils, sections, and other aluminium products. The company has a plan to leverage its promoter networks in the Trading community of Delhi as well as to have a strong balance sheet situation in order to increase its presence in the Aluminium and metal products Fabrics Printers and other such profitable product segments in Northern India.
Goyal Aluminiums started its trading session today at Rs 320.10 and is currently trading at Rs 322.25 which marks to be the 52-week high figure for the company. The stock is about 1 percent up today in comparison to the previous closing price of Rs 319.10.
In a span of just one month, the stock has been able to deliver 25 percent returns to its stakeholders. Moving ahead with a time horizon of six months, it has proved to give multibagger returns of 125 percent to the stakeholders.
One of the possible reasons for the movement today is regarding a bulk deal the company was involved in. According to exchange data, White Field Investment Fund acquired around 1.70 lakh shares and the same was carried out at a price of ₹315.80 per share.
Digging into the financials of the company, it can be observed that the revenues and net profits have not performed well thus showing reductions in figures in Q3. Revenues moved down from Rs 23.8 crores in Q2 to Rs 19.85 crores in Q3. Moreover, the net profits showed a downward movement from Rs 0.79 crores in Q2 to Rs 0.55 crores in Q3.
The area where company has been able to provide good outputs is the handling of operating costs which led to an upward shift in the operating profit figures from Rs 0.84 crores in Q2 to Rs 1.58 crores in Q3.
Coming on to the profitability ratios of the company, the ROE figures have taken a shift from 1 percent in FY20-21 to 7.23 percent in FY21-22. ROCE figures too have moved up from 2.65 percent in FY20-21 to 10.93 percent in FY21-22.
Written by Amit Madnani
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