Stock Price Movement and Market Context
On 23 Jan 2026, Goa Carbon Ltd’s shares declined by 3.96% during the trading session, closing at Rs.363, which is the lowest level recorded in the past 52 weeks. The stock also hit an intraday low of Rs.363, underperforming its own sector’s average decline of 4.07%. Despite this, Goa Carbon marginally outperformed the broader Minerals & Mining sector by 0.98% on the day.
The broader market context was also subdued, with the Sensex falling by 0.93% to 81,537.95 points after a flat opening. The Sensex is currently trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating mixed technical signals for the market overall.
Goa Carbon’s share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained downtrend in the stock’s price momentum.
Financial Performance and Key Metrics
The company’s financial performance has been under pressure for an extended period. Over the last five years, Goa Carbon’s operating profit has declined at an annualised rate of -233.88%, reflecting a significant contraction in core profitability. The company has reported negative results for eight consecutive quarters, underscoring persistent earnings challenges.
In the most recent quarter, the company posted a net loss (PAT) of Rs. -23.37 crores, representing a steep fall of 111.3% compared to the previous four-quarter average. This negative profitability has contributed to a return on capital employed (ROCE) of -4.35% for the half-year period, which is notably low and indicative of inefficient capital utilisation.
Inventory turnover ratio for the half-year stood at 2.07 times, the lowest in recent periods, suggesting slower movement of stock and potential working capital inefficiencies.
From struggle to strength! This Small Cap from Textile - Machinery is showing early turnaround signals that look promising. Position yourself now for explosive growth potential ahead!
- - Early turnaround signals
- - Explosive growth potential
- - Textile - Machinery recovery play
Stock Performance Relative to Benchmarks
Over the past year, Goa Carbon Ltd’s stock has declined by 41.68%, a stark contrast to the Sensex’s positive return of 6.54% during the same period. This underperformance extends beyond the last year, with the stock consistently lagging behind the BSE500 index in each of the previous three annual periods.
The stock’s 52-week high was Rs.636.85, highlighting the extent of the decline from its peak to the current low of Rs.363. This represents a drop of approximately 43% from the high point within the last year.
Valuation and Risk Considerations
Goa Carbon is currently rated as a Strong Sell with a Mojo Score of 17.0, reflecting significant concerns about its financial health and market prospects. This rating was upgraded from Sell to Strong Sell on 10 Jan 2025, signalling deteriorating fundamentals.
The company’s market capitalisation grade stands at 4, indicating a relatively small market cap compared to larger peers in the Minerals & Mining sector. The stock is considered risky relative to its historical valuation averages, with negative EBITDA further compounding concerns about its earnings quality and sustainability.
Profitability has sharply deteriorated, with profits falling by 866.9% over the past year, underscoring the severity of the company’s financial challenges.
Shareholding and Sectoral Context
The majority shareholding in Goa Carbon Ltd remains with the promoters, who continue to hold significant stakes in the company. The Minerals & Mining sector itself has faced headwinds, with the Carbon Black segment experiencing a decline of 4.07% on the day Goa Carbon hit its 52-week low.
Considering Goa Carbon Ltd? Wait! SwitchER has found potentially better options in Minerals & Mining and beyond. Compare this micro-cap with top-rated alternatives now!
- - Better options discovered
- - Minerals & Mining + beyond scope
- - Top-rated alternatives ready
Summary of Key Financial Indicators
To summarise, Goa Carbon Ltd’s recent financial and market data reveal a company facing significant headwinds:
- New 52-week low price of Rs.363, down 3.96% on 23 Jan 2026
- One-year stock return of -41.68% versus Sensex’s +6.54%
- Operating profit decline at an annualised rate of -233.88% over five years
- Eight consecutive quarters of negative results
- Negative PAT of Rs. -23.37 crores in the latest quarter, down 111.3%
- ROCE at -4.35% and inventory turnover ratio at 2.07 times for the half-year
- Mojo Score of 17.0 with a Strong Sell rating as of 10 Jan 2025
- Stock trading below all major moving averages, indicating sustained downward momentum
These metrics collectively illustrate the challenges Goa Carbon Ltd is currently navigating within a competitive and volatile Minerals & Mining sector environment.
Unlock special upgrade rates for a limited period. Start Saving Now →
