Golden Carpets

Which are the latest news on Golden Carpets?

Why is Golden Carpets Ltd falling/rising?

As of 05-Sep, the stock price of Golden Carpets Ltd is at 10.55, showing no change and underperforming compared to the Sensex and its sector. The stock has declined by -10.59% over the past month, with erratic trading and reduced investor participation indicating downward pressure on its price.

As of 05-Sep, the stock price of Golden Carpets Ltd is currently at 10.55, with no change from the previous trading session. The stock has shown a performance of +0.00% over the past week, which indicates stability in the short term, but it has underperformed compared to the Sensex, which has decreased by -0.97% during the same period. <BR><BR>Over the past month, Golden Carpets Ltd has experienced a decline of -10.59%, while the Sensex has only fallen by -2.44%. This significant drop suggests that the stock is facing challenges that are not as prevalent in the broader market. Additionally, the stock's performance today has underperformed its sector by -0.33%, indicating a lack of momentum.<BR><BR>The trading activity has also been erratic, with the stock not trading on 3 out of the last 20 days, which may contribute to investor uncertainty. Furthermore, there has been a decline in investor participation, as evidenced by a -1.87% drop in delivery volume compared to the 5-day average. This decline in trading volume can signal reduced interest from investors, which often leads to downward pressure on stock prices.<BR><BR>In terms of moving averages, the stock is currently higher than the 100-day moving average but lower than the 5-day, 20-day, 50-day, and 200-day moving averages. This indicates that while there may be some long-term stability, the short to medium-term trends are not favorable.<BR><BR>Overall, the combination of underperformance relative to the market, declining trading volume, and erratic trading patterns suggests that Golden Carpets Ltd is currently facing downward pressure on its stock price.

Should I buy, sell or hold Golden Carpets Ltd?

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 any specific member or their roles, feel free to ask!

What does Golden Carpets do?

Golden Carpets Ltd is a Micro Cap company in the woven carpet industry, incorporated in 1993, with recent quarterly results showing net sales and profit of 0 Cr as of June 2026. The company has a market cap of INR 7 Cr and a negative debt-equity ratio of -4.58.

Overview:<BR>Golden Carpets Ltd is a company that specializes in the woven carpet industry, operating within the Furniture and Home Furnishing sector and classified as a Micro Cap.<BR><BR>History:<BR>Golden Carpets Ltd was incorporated in the year 1993. The company has not reported any significant status changes, and the latest quarterly results indicate net sales and net profit of 0 Cr for June 2026.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 0 Cr (Quarterly Results - Jun 2026)<BR>- Most recent Net Profit: 0 Cr (Quarterly Results - Jun 2026)<BR>- Market-cap value: INR 7 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: N/A<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -4.58<BR>- Return on Equity: 25.00%<BR>- Price to Book: -6.85<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

Who are the peers of the Golden Carpets?

Golden Carpets' peers include Milestone Furn., BirlaNu Ltd, Stanley Lifesty., Hardwyn India, Tirupati Foam, Shashwat Furnis., Magenta Life, Rexpro Enter., and Safe Enterprises, with varying management risks and growth rates. Milestone Furn. leads in 1-year return at 92.29%, while Stanley Lifesty. has the lowest at -54.84%.

Peers: The peers of Golden Carpets are Milestone Furn., BirlaNu Ltd, Stanley Lifesty., Hardwyn India, Tirupati Foam, Shashwat Furnis., Magenta Life, Rexpro Enter., and Safe Enterprises.<BR><BR>Quality Snapshot: Excellent management risk is observed at Hardwyn India and Safe Enterprises, while Average management risk is found at Tirupati Foam and the rest. Below Average management risk is noted at BirlaNu Ltd, Stanley Lifesty., Shashwat Furnis., and Magenta Life. For Growth, Excellent growth is seen at Safe Enterprises, Average growth at Hardwyn India, and Below Average growth at BirlaNu Ltd, Stanley Lifesty., Tirupati Foam, Shashwat Furnis., and Magenta Life. In terms of Capital Structure, Excellent capital structure is present at Hardwyn India and Safe Enterprises, Average capital structure at Stanley Lifesty. and Shashwat Furnis., and Below Average capital structure at BirlaNu Ltd, Tirupati Foam, and Magenta Life.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Milestone Furn. at 92.29%, while the lowest is Stanley Lifesty. at -54.84%. Golden Carpets' 1-year return is not available for comparison. Additionally, the six-month return is negative for Hardwyn India, Magenta Life, and the rest.

How big is Golden Carpets?

As of 31st August, Golden Carpets Ltd has a market capitalization of 7.00 Cr and reported Net Sales of 0.81 Cr with a Net Profit loss of 0.25 Cr over the latest four quarters. Shareholder's Funds were at a loss of 0.14 Cr, and Total Assets were valued at 4.75 Cr.

As of 31st August, Golden Carpets Ltd has a market capitalization of 7.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Golden Carpets reported Net Sales of 0.81 Cr. However, the company experienced a loss of 0.25 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.

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.