Golden Carpets

Why is Golden Carpets Ltd falling/rising?

As of 03-Aug, the stock price of Golden Carpets Ltd is declining, currently at 11.80, reflecting a significant underperformance compared to the sector and weak long-term fundamentals. The stock's erratic trading behavior and negative financial indicators suggest it is a risky investment at this time.

As of 03-Aug, the stock price of Golden Carpets Ltd is falling, currently at 11.80, which reflects a change of -0.56 or -4.53%. This decline is evident as the stock has underperformed the sector by -5.67% today and has not traded on 3 days out of the last 20, indicating erratic trading behavior. <BR><BR>The company's long-term fundamentals are weak, highlighted by a negative book value of Rs 0.31 crore and a negative EBITDA of Rs -0.15 crore. Additionally, net sales have decreased at an annual rate of -4.40%, and operating profit has stagnated at 0% over the last five years. Despite a historical performance that shows a 26.88% increase over three years and a 126.05% increase over five years, the recent trends indicate poor growth, with profits falling by -7% over the past year.<BR><BR>Moreover, the stock's current performance is not aligned with the benchmark, as the Sensex has increased by +2.35% over the past week, further emphasizing the stock's underperformance. These factors collectively contribute to the stock's decline, making it a risky investment at this time.

Which are the latest news on Golden Carpets?

Should I buy, sell or hold Golden Carpets Ltd?

What does Golden Carpets do?

Golden Carpets Ltd is a Micro Cap company in the Furniture and Home Furnishing industry, incorporated in 1993, with no reported sales or profits as of March 2026. It has a market cap of INR 8 Cr and a negative debt equity ratio.

Overview:<BR>Golden Carpets Ltd is a company in the Furniture and Home Furnishing industry, categorized as a Micro Cap.<BR><BR>History:<BR>Golden Carpets Ltd was incorporated in the year 1993. The latest quarterly results reported are for March 2026, showing no sales or profits.<BR><BR>Financial Snapshot:<BR>Net Sales: 0 Cr (Quarterly Results - Mar 2026)<BR>Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>Market cap: INR 8 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: N/A<BR>Dividend Yield: 0.00%<BR>Debt Equity: -4.58<BR>Return on Equity: 15.00%<BR>Price to Book: -8.25<BR><BR>Contact Details:<BR>Address: Flat No 8-2-596-5/B/1/A, Road No 10 Banjara Hills Hyderabad Telangana : 500035<BR>Tel: 91-040-66771111<BR>Email: goldencarpets@vsnl.net<BR>Website: http://www.goldencarpets.com

How big is Golden Carpets?

As of 10th June, Golden Carpets Ltd has a market capitalization of 8.00 Cr, with Net Sales of 0.92 Cr and a Net Profit loss of 0.15 Cr over the latest four quarters. Shareholder's Funds are at a loss of 0.14 Cr, and Total Assets are valued at 4.75 Cr.

As of 10th June, Golden Carpets Ltd has a market capitalization of 8.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Golden Carpets reported Net Sales of 0.92 Cr. However, the company experienced a loss of 0.15 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025. Shareholder's Funds stood at a loss of 0.14 Cr, while Total Assets were valued at 4.75 Cr.

Who are in the management team of Golden Carpets?

The management team of Golden Carpets includes Sri Krishna Naik (Chairman & Managing Director), Meena Bhushan Kerur (Director), Suryanarayana Murthy Krovi (Independent Director), Maqsood Ahmed (Independent Director), and Priya Mittal (Company Secretary & Compliance Officer).

The management team of Golden Carpets includes the following individuals:<BR><BR>1. **Sri Krishna Naik** - Chairman & Managing Director<BR>2. **Meena Bhushan Kerur** - Director<BR>3. **Suryanarayana Murthy Krovi** - Independent Director<BR>4. **Maqsood Ahmed** - Independent Director<BR>5. **Priya Mittal** - Company Secretary & Compliance Officer<BR><BR>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Golden Carpets?

Peers of Golden Carpets include Milestone Furn., Hardwyn India, BirlaNu Ltd, and others. Milestone Furn. leads in 1-year returns at 425.46%, while Golden Carpets has a return of 4.60%, and BirlaNu Ltd has the lowest at -46.09%.

Peers: The peers of Golden Carpets are Milestone Furn., Hardwyn India, BirlaNu Ltd, Stanley Lifesty., Tirupati Foam, Shashwat Furnis., Magenta Life, Rexpro Enter., and Safe Enterprises.<BR><BR>Quality Snapshot: Excellent capital structure is observed at Hardwyn India and Safe Enterprises, while Average management risk is found at Hardwyn India, BirlaNu Ltd, Stanley Lifesty., and Safe Enterprises. Below Average management risk is noted at Tirupati Foam, Shashwat Furnis., Magenta Life, Rexpro Enter., and the rest. Growth ratings show that Safe Enterprises has Excellent growth, while Average growth is found at Hardwyn India and the rest, with Below Average growth at BirlaNu Ltd, Stanley Lifesty., Tirupati Foam, Shashwat Furnis., Magenta Life, and Rexpro Enter.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Milestone Furn. at 425.46%, while the lowest is BirlaNu Ltd at -46.09%. Golden Carpets has a 1-year return of 4.60%, which is significantly lower than Milestone Furn. and higher than BirlaNu Ltd. Additionally, peers such as Tirupati Foam, Stanley Lifesty., Magenta Life, and the rest have negative six-month returns.

When is the next results date for Golden Carpets Ltd?

The next results date for Golden Carpets Ltd is 29 May 2026.

The next results date for Golden Carpets Ltd is scheduled for 29 May 2026.

How has been the historical performance of Golden Carpets?

Golden Carpets has experienced fluctuating net sales and profitability, with net sales increasing to 0.67 Cr in March 2023 but declining from 1.19 Cr in March 2020. The company reported negative operating profit and profit before tax, indicating ongoing challenges in maintaining growth and profitability.

Answer:<BR>The historical performance of Golden Carpets shows a fluctuating trend in net sales and profitability over the years, with a notable decline in recent periods.<BR><BR>Breakdown:<BR>Golden Carpets reported net sales of 0.67 Cr in March 2023, an increase from 0.59 Cr in March 2022, but a decrease from 0.91 Cr in March 2021 and 1.19 Cr in March 2020. The total operating income mirrored this trend, reaching 0.67 Cr in March 2023, up from 0.59 Cr in the previous year but down from 1.19 Cr in March 2020. The company's total expenditure, excluding depreciation, was 0.77 Cr in March 2023, slightly lower than 0.82 Cr in March 2022. Operating profit (PBDIT) was negative at -0.07 Cr in March 2023, an improvement from -0.16 Cr in March 2022, but a decline from positive figures in earlier years. Profit before tax also remained negative at -0.20 Cr in March 2023, although it improved from -0.27 Cr in March 2022. Profit after tax followed a similar pattern, with a loss of -0.20 Cr in March 2023 compared to -0.25 Cr in March 2022. The company's total assets decreased to 4.97 Cr in March 2023 from 5.09 Cr in March 2022, while total liabilities also declined to 4.97 Cr from 5.09 Cr in the same period. Cash flow activities showed no inflow or outflow, indicating a stagnant cash position. Overall, Golden Carpets has faced challenges in maintaining profitability and growth in recent years.

Is Golden Carpets overvalued or undervalued?

As of November 12, 2024, Golden Carpets is considered risky and overvalued due to a negative PE ratio of -8.16 and poor performance compared to peers like K.P.R. Mill Ltd. and Trident Ltd., alongside a recent decline of 4.93% against a rising Sensex.

As of 12 November 2024, the valuation grade for Golden Carpets has moved from does not qualify to risky, indicating a significant shift in its financial outlook. The company is currently deemed overvalued based on its negative PE ratio of -8.16, an EV to EBITDA of -12.50, and a ROCE of -7.92%. These ratios highlight the company's struggles in generating profits and managing capital effectively.<BR><BR>In comparison to its peers, Golden Carpets stands out negatively; for instance, K.P.R. Mill Ltd. has a PE ratio of 47.51, while Trident Ltd. maintains a PE of 42.6, both of which are significantly more favorable. The stark contrast in valuation metrics suggests that Golden Carpets is not only underperforming but also carries a higher risk profile relative to its industry. Additionally, the stock has underperformed against the Sensex over the past week, declining by 4.93% while the index gained 1.38%. This further reinforces the perception of overvaluation in the current market context.

What is the technical trend for Golden Carpets?

As of May 20, 2025, Golden Carpets shows a mildly bullish trend overall, but conflicting indicators suggest caution due to bearish signals in weekly and monthly analyses.

As of 20 May 2025, the technical trend for Golden Carpets has changed from sideways to mildly bullish. However, the overall stance remains mixed. The daily moving averages indicate a mildly bullish sentiment, while the weekly and monthly MACD and KST readings are mildly bearish. The Bollinger Bands show a bearish trend on the weekly chart but are mildly bullish on the monthly chart. The RSI offers no clear signal in both weekly and monthly time frames. Dow Theory shows no trend in either time frame. Given these conflicting indicators, the current technical stance can be considered mildly bullish but with significant caution due to bearish signals in other areas.