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Goenka Business & Finance Limited (538787) Press Release Analysis

Corporate Events

Neutral

Goenka Business & Finance Limited to Report Q2,...

2022-11-04 11:34:00

Goenka Business & Finance Limited announced that they will report Q2, 2023 results on Nov 14, 2022

Neutral

Goenka Business & Finance Limited, Board Meetin...

2022-11-04 11:34:00

Goenka Business & Finance Limited, Board Meeting, Nov 14, 2022, at 17:30 Indian Standard Time. Agenda: To consider and approve the Unaudited F...

Neutral

Goenka Business & Finance Limited, Board Meetin...

2022-09-21 11:54:00

Goenka Business & Finance Limited, Board Meeting, Sep 21, 2022, at 16:30 Indian Standard Time. Agenda: To appoint Ms. Pooja H Khakhi as Compan...

Negative

Goenka Business & Finance Limited Appoints Pooj...

2022-09-21 11:50:00

Goenka Business & Finance Limited announced the appointment of Ms. Pooja H Khakhi as Company Secretary & Compliance Officer of the Company w.e...

Neutral

Goenka Business & Finance Limited - Shareholder...

2022-09-02 13:06:00

AGM

Neutral

Goenka Business & Finance Limited, Annual Gener...

2022-09-02 13:06:00

Goenka Business & Finance Limited, Annual General Meeting, Sep 30, 2022, at 15:00 Indian Standard Time. Agenda: To consider adoption of financ...

Neutral

Goenka Business & Finance Limited, Board Meetin...

2022-08-24 12:27:00

Goenka Business & Finance Limited, Board Meeting, Sep 02, 2022, at 16:00 Indian Standard Time. Agenda: To consider and approve the draft direc...

Neutral

Goenka Business & Finance Limited to Report Q4,...

2022-05-21 06:48:00

Goenka Business & Finance Limited announced that they will report Q4, 2022 results on May 30, 2022

Neutral

Goenka Business & Finance Limited, Board Meetin...

2022-05-21 06:48:00

Goenka Business & Finance Limited, Board Meeting, May 30, 2022, at 18:30 Indian Standard Time. Agenda: To consider and take on record the Audi...

Neutral

Goenka Business & Finance Limited, Board Meetin...

2022-04-05 13:06:00

Goenka Business & Finance Limited, Board Meeting, Apr 08, 2022.

Neutral

Goenka Business & Finance Limited, Board Meetin...

2022-03-31 05:41:00

Goenka Business & Finance Limited, Board Meeting, Apr 28, 2021, at 17:30 Indian Standard Time. Agenda: To consider and approved Resignation of...

Negative

Goenka Business & Finance Limited Announces Res...

2022-03-31 05:27:00

Goenka Business & Finance Limited announced Mr. Dharmik Solanki company secretary and compliance officer resigned due to personal reasons with...

Neutral

Goenka Business & Finance Limited, Board Meetin...

2022-02-04 06:30:00

Goenka Business & Finance Limited, Board Meeting, Feb 14, 2022, at 17:00 Indian Standard Time. Agenda: To Consider and Approve Unaudited Finan...

Neutral

Goenka Business & Finance Limited to Report Q3,...

2022-02-04 06:30:00

Goenka Business & Finance Limited announced that they will report Q3, 2022 results on Feb 14, 2022

Negative

Goenka Business & Finance Limited Appoints Char...

2021-12-07 07:08:00

Goenka Business & Finance Limited approved appointment of Ms. Charmi Parikh as independent director of the company from December 7, 2021.

Neutral

Goenka Business & Finance Limited, Board Meetin...

2021-12-02 08:34:00

Goenka Business & Finance Limited, Board Meeting, Dec 07, 2021, at 12:00 Indian Standard Time. Agenda: To Consider and Approve Appointment of ...

Neutral

Goenka Business & Finance Limited to Report Q2, 2023 Results on Nov 14, 2022

2022-11-04 11:34:00

Goenka Business & Finance Limited announced that they will report Q2, 2023 results on Nov 14, 2022

Neutral

Goenka Business & Finance Limited, Board Meeting, Nov 14, 2022

2022-11-04 11:34:00

Goenka Business & Finance Limited, Board Meeting, Nov 14, 2022, at 17:30 Indian Standard Time. Agenda: To consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2022; to consider any other business with the permission of the Chairperson.

Neutral

Goenka Business & Finance Limited, Board Meeting, Sep 21, 2022

2022-09-21 11:54:00

Goenka Business & Finance Limited, Board Meeting, Sep 21, 2022, at 16:30 Indian Standard Time. Agenda: To appoint Ms. Pooja H Khakhi as Company Secretary & Compliance Officer of the Company.

Negative

Goenka Business & Finance Limited Appoints Pooja H Khakhi as Company Secretary & Compliance Officer

2022-09-21 11:50:00

Goenka Business & Finance Limited announced the appointment of Ms. Pooja H Khakhi as Company Secretary & Compliance Officer of the Company w.e.f. 21st September, 2022.

Neutral

Goenka Business & Finance Limited - Shareholder/Analyst Call

2022-09-02 13:06:00

AGM

Neutral

Goenka Business & Finance Limited, Annual General Meeting, Sep 30, 2022

2022-09-02 13:06:00

Goenka Business & Finance Limited, Annual General Meeting, Sep 30, 2022, at 15:00 Indian Standard Time. Agenda: To consider adoption of financial statements & report thereon; to consider retire by rotation as per section 152 of companies act, 2013; ; to consider Appointment of Ms. Charmi Umeshbhai Parikh (DIN: 0009421573) as an Independent Director of the Company.

Neutral

Goenka Business & Finance Limited, Board Meeting, Sep 02, 2022

2022-08-24 12:27:00

Goenka Business & Finance Limited, Board Meeting, Sep 02, 2022, at 16:00 Indian Standard Time. Agenda: To consider and approve the draft director's report; to consider and fix the date, time and venue for forthcoming Annual General Meeting and approve the notice; to fix the date for closure of share transfer books and register of members; to consider the appointment of scrutinizer and NSDL for the purpose of E-Voting; and to consider and approve other items as stated in agenda of the board meeting.

Neutral

Goenka Business & Finance Limited to Report Q4, 2022 Results on May 30, 2022

2022-05-21 06:48:00

Goenka Business & Finance Limited announced that they will report Q4, 2022 results on May 30, 2022

Neutral

Goenka Business & Finance Limited, Board Meeting, May 30, 2022

2022-05-21 06:48:00

Goenka Business & Finance Limited, Board Meeting, May 30, 2022, at 18:30 Indian Standard Time. Agenda: To consider and take on record the Audited Financial Results for the quarter and financial year ended on March 31, 2022; and to consider any other matter.

Neutral

Goenka Business & Finance Limited, Board Meeting, Apr 08, 2022

2022-04-05 13:06:00

Goenka Business & Finance Limited, Board Meeting, Apr 08, 2022.

Neutral

Goenka Business & Finance Limited, Board Meeting, Apr 28, 2021

2022-03-31 05:41:00

Goenka Business & Finance Limited, Board Meeting, Apr 28, 2021, at 17:30 Indian Standard Time. Agenda: To consider and approved Resignation of Mr. Dharmik Solanki as a Company Secretary and Compliance Officer with effect from 31 March, 2022; to approve the appointment of S.D. Mehta & Co. Chartered Accountants as an Internal Auditor of the Company for the fiscal year 2022-23.

Negative

Goenka Business & Finance Limited Announces Resignation of Dharmik Solanki as Company Secretary and Compliance Officer

2022-03-31 05:27:00

Goenka Business & Finance Limited announced Mr. Dharmik Solanki company secretary and compliance officer resigned due to personal reasons with effect from March 31, 2022.

Neutral

Goenka Business & Finance Limited, Board Meeting, Feb 14, 2022

2022-02-04 06:30:00

Goenka Business & Finance Limited, Board Meeting, Feb 14, 2022, at 17:00 Indian Standard Time. Agenda: To Consider and Approve Unaudited Financial Result for the quarter and nine month ended December, 2021 along with limited review report issue by Statutory Auditor;and to consider any other matter with the permission of Chairperson.

Neutral

Goenka Business & Finance Limited to Report Q3, 2022 Results on Feb 14, 2022

2022-02-04 06:30:00

Goenka Business & Finance Limited announced that they will report Q3, 2022 results on Feb 14, 2022

Negative

Goenka Business & Finance Limited Appoints Charmi Parikh as Independent Director

2021-12-07 07:08:00

Goenka Business & Finance Limited approved appointment of Ms. Charmi Parikh as independent director of the company from December 7, 2021.

Neutral

Goenka Business & Finance Limited, Board Meeting, Dec 07, 2021

2021-12-02 08:34:00

Goenka Business & Finance Limited, Board Meeting, Dec 07, 2021, at 12:00 Indian Standard Time. Agenda: To Consider and Approve Appointment of Ms. Charmi Umeshbhai Parikh Independent Director of the Company; and to consider any other matter with the permission of Chairperson.

Fundamental Summary

Looking at Goenka Business & Finance's financials of Q3 reflected unimpressive, mediocre results. This typically translates into the stock performing on par with market performance for the upcoming quarter. We therefore gave Goenka Business & Finance a total score of 66 out of 100 and a HOLD recommendation.

Goenka Business & Finance reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 635 million compared to INR 2,598.57 million a year ago. Revenue was INR 653.95 million compared to INR 2,649.27 million a year ago. Net income was INR 15.48 million compared to INR 19.79 million a year ago. Basic earnings per share from continuing operations was INR 1.19 compared to INR 1.52 a year ago. Diluted earnings per share from continuing operations was INR 1.19 compared to INR 1.52 a year ago.

Sector Overview

Goenka Business & Finance is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Goenka Business & Finance's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Price to Book 21.9 15.0% 52
Equity 313.1M 1.7% 47
EBITDA 16.0M 27.9% 95
Parameter Value Change Score
Total Revenues 43.4M 15.9% 43
Return on Equity 3.4 27.5% 41
* All values are TTM

The below chart reflects Goenka Business & Finance's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Goenka Business & Finance's peer average final assessment score stands on 68, Goenka Business & Finance's score is 66.

  •  538787
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 56 77 67
Hold
65
65 0 1
Monarch Networth Capital Limited 12.0B 52 71 68
Underperform
55
55 1 1
Dolat Algotech Limited 11.9B 82 45 76
Hold
71
71 2 1
UGRO Capital Limited 11.4B 82 70 68
Hold
78
78 3 1
Geojit Financial Services Limited 11.3B 74 83 65
Buy
79
79 4 1
PNB Gilts Ltd. 11.3B 68 82 55
Hold
68
68 5 1
BF Investment Limited 10.9B 64 64 66
Hold
63
63 6 1
Centrum Capital Limited 10.7B 85 64 88
Buy
81
81 7 1
5paisa Capital Limited 9.6B 85 58 81
Hold
76
76 8 1
Dhunseri Ventures Limited 9.1B 91 76 58
Buy
85
85 9 1
Kalyani Investment Company Limited 8.2B 75 71 85
Hold
77
77 10 1
Arihant Capital Markets Limited 7.0B 87 80 66
Buy
86
86 11 1
Summit Securities Limited 6.9B 44 62 87
Underperform
51
51 12 1
Nahar Capital and Financial Services Limited 5.6B 70 54 67
Hold
63
63 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 60 44 81
Underperform
55
55 14 1
The Investment Trust of India Limited 5.0B 55 84 65
Hold
66
66 15 1
Mahanivesh (India) Limited 4.5B 58 40 71
Underperform
46
46 16 1
Dhunseri Investments Limited 4.5B 46 72 76
Underperform
54
54 17 1
Kiran Vyapar Limited 4.0B 82 79 58
Buy
80
80 18 1
Swiss Military Consumer Goods Limited 3.7B 42 64 78
Underperform
50
50 19 1
Aditya Birla Money Limited 3.5B 88 81 75
Strong Buy
88
88 20 1
Jindal Photo Limited 3.5B 77 57 75
Hold
73
73 21 1
SIL Investments Limited 3.3B 64 55 81
Hold
61
61 22 1
Prime Securities Limited 3.2B 58 76 53
Underperform
58
58 23 1
Industrial & Prudential Investment Company Limited 3.2B 89 68 87
Buy
85
85 24 1
Indo Thai Securities Limited 3.2B 64 42 42
Underperform
51
51 25 1
Jaykay Enterprises Limited 3.0B 58 58 76
Hold
61
61 26 1
Systematix Corporate Services Limited 3.0B 77 93 75
Buy
86
86 27 1
Master Trust Limited 2.7B 78 64 50
Hold
70
70 28 1
STEL Holdings Limited 2.6B 80 55 45
Hold
67
67 29 1
IL&FS Investment Managers Limited 2.4B 73 57 79
Hold
69
69 30 1
ABans Enterprises Limited 2.4B 52 78 76
Hold
62
62 31 1
Quest Capital Markets Limited 2.1B 96 48 74
Hold
78
78 32 1
Almondz Global Securities Limited 2.0B 87 50 68
Hold
73
73 33 1
Industrial Investment Trust Limited 2.0B 74 62 71
Hold
70
70 34 1
Shardul Securities Limited 1.9B 59 61 81
Underperform
60
60 35 1
Emkay Global Financial Services Limited 1.8B 82 90 70
Strong Buy
88
88 36 1
Avonmore Capital & Management Services Limited 1.7B 69 79 70
Hold
73
73 37 1
Bombay Oxygen Investments Limited 1.7B 84 57 94
Hold
77
77 38 1
RSD Finance Limited 1.3B 78 49 54
Hold
65
65 39 1
Indbank Merchant Banking Services Limited 1.1B 54 73 53
Hold
62
62 40 1
LKP Finance Limited 1.1B 89 49 74
Hold
73
73 41 1
Welspun Investments and Commercials Limited 1.1B 83 60 50
Hold
72
72 42 1
LKP Securities Limited 1.1B 85 89 84
Strong Buy
92
92 43 1
Greencrest Financial Services Limited 994.2M 61 63 67
Hold
61
61 44 1
McDowell Holdings Limited 969.0M 73 57 51
Hold
63
63 45 1
DB (International) Stock Brokers Limited 899.5M 84 55 67
Hold
68
68 46 1
Shriram Asset Management Company Limited 881.7M 62 71 84
Hold
69
69 47 1
Global Capital Markets Limited 697.0M 55 50 80
Underperform
52
52 48 1
NCL Research & Financial Services Limited 556.6M 66 85 92
Strong Buy
87
87 49 1
Intellivate Capital Ventures Limited 500.4M 73 70 79
Buy
80
80 50 1
GCM Securities Limited 476.8M 48 85 76
Hold
65
65 51 1
Pioneer Investcorp Limited 466.7M 73 65 64
Hold
72
72 52 1
Wallfort Financial Services Ltd. 457.2M 71 46 63
Hold
61
61 53 1
Yamini Investments Company Limited 441.6M 46 54 59
Underperform
45
45 54 1
HB Stockholdings Limited 420.4M 75 66 67
Hold
71
71 55 1
Pro Fin Capital Services Ltd. 398.5M 81 43 63
Hold
62
62 56 1
HB Portfolio Limited 378.9M 64 47 88
Underperform
60
60 57 1
Cni Research Limited 311.1M 97 59 60
Hold
77
77 58 1
Odyssey Corporation Limited 291.9M 79 76 88
Buy
86
86 59 1
Monotype India Limited 225.0M 62 64 49
Underperform
52
52 60 1
Stampede Capital Limited 209.0M 37 69 82
Underperform
53
53 61 1
BFL Asset Finvest Limited 207.6M 70 58 66
Hold
63
63 62 1
Onelife Capital Advisors Limited 181.7M 78 67 51
Hold
65
65 63 1
AF Enterprises Limited 171.1M 72 82 63
Hold
75
75 64 1
Esaar (India) Limited 148.2M 69 62 69
Hold
71
71 65 1
Cubical Financial Services Limited 117.3M 60 57 99
Hold
71
71 66 1
Alka Securities Limited 85.4M 91 86 61
Strong Buy
90
90 67 1
Gemstone Investments Limited 75.5M 82 96 85
Strong Buy
98
98 68 1
Confidence Finance and Trading Limited 73.9M 68 68 76
Hold
76
76 69 1
Essar Securities Limited 72.9M 79 50 88
Hold
74
74 70 1
Jackson Investments Limited 55.2M 43 72 77
Underperform
58
58 71 1
Mathew Easow Research Securities Limited 38.5M 59 55 60
Underperform
51
51 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59 66 71
Underperform
59
59 73 1
VLS Finance Limited 5.2B 79 70 64
Hold
75
75 74 1
Consolidated Finvest & Holdings Limited 4.4B 69 55 59
Hold
63
63 75 1
N.B.I. Industrial Finance Company Limited 4.2B 50 80 68
Underperform
59
59 76 1
Wealth First Portfolio Managers Limited 3.1B 85 50 66
Hold
72
72 77 1
Inventure Growth & Securities Limited 2.4B 87 49 91
Hold
76
76 78 1
BLB Limited 1.1B 90 78 67
Strong Buy
87
87 79 1
Steel City Securities Limited 910.2M 66 60 68
Hold
64
64 80 1

Macro Environment

Negative
59

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Goenka Business & Finance Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In our analysis of the current macro environment, as well as the potential risks that could specifically affect Goenka Business & Finance Limited stock, we concluded that sentiment was overwhelmingly negative and may lead to short-term price declines. Therefore, we ranked Goenka Business & Finance Limited macro environment with a score of 59.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Goenka Business & Finance's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Goenka Business & Finance's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 8.4
52W Low 4.35
52W High 23.28
5D MA 8.41
50D MA 8.52
200D MA 9.59
MACD -0.04
RSI 6.9
STOCH 52.5

Balance Sheet Analysis

While the critical metrics for Goenka Business & Finance's balance sheet were not overwhelmingly positive, nonetheless, Goenka Business & Finance's leadership seems to be consistently making smart decisions related to managing their balance sheet. In terms of liabilities, Goenka Business & Finance published good numbers. Their reported liabilities were 16.7M, representing a nan% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 79. Also, Goenka Business & Finance's management was effective in managing the value of the assets on their balance sheet, which now sits at 329.9M and represents a nan% change from the previous report. This performance is interesting in comparison to its peers and competitors. Consequently, their asset movement received a grade of 70. However, one discouraging result, Equity, stood out. Goenka Business & Finance management produced disappointing equity metrics this period, which stood at 313.1M, representing a 1.7% change. This parameter often affects companies in the same industry and market capitalization by up to 0.9%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Consequently, their equity movement received a grade of 47. Its balance sheet received an overall score of 62.

Parameter Value Change Score
Price to Book 21.9 15.0% 52
Equity 313.1M 1.7% 47
* All values are TTM

The below chart describes Goenka Business & Finance's performance as reflected on its balance sheet with respect to its peers. While Goenka Business & Finance received a balance sheet score of 62, the average of its peers stands on 72.

  •  538787
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 65.0 80.0 71.0 66.0 46.0 56 0 1
Monarch Networth Capital Limited 12.0B 66.0 69.0 48.0 63.0 47.0 52 1 1
Dolat Algotech Limited 11.9B 93.0 62.0 72.0 72.0 77.0 82 2 1
UGRO Capital Limited 11.4B 97.0 38.0 38.0 93.0 84.0 82 3 1
Geojit Financial Services Limited 11.3B 81.0 52.0 49.0 58.0 79.0 74 4 1
PNB Gilts Ltd. 11.3B 84.0 54.0 57.0 79.0 66.0 68 5 1
BF Investment Limited 10.9B 44.0 71.0 71.0 65.0 67.0 64 6 1
Centrum Capital Limited 10.7B 84.0 48.0 66.0 82.0 82.0 85 7 1
5paisa Capital Limited 9.6B 88.0 44.0 40.0 91.0 88.0 85 8 1
Dhunseri Ventures Limited 9.1B 88.0 51.0 65.0 62.0 91.0 91 9 1
Kalyani Investment Company Limited 8.2B 41.0 40.0 70.0 64.0 86.0 75 10 1
Arihant Capital Markets Limited 7.0B 78.0 54.0 66.0 57.0 88.0 87 11 1
Summit Securities Limited 6.9B 81.0 40.0 59.0 47.0 42.0 44 12 1
Nahar Capital and Financial Services Limited 5.6B 76.0 65.0 83.0 40.0 71.0 70 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 51.0 69.0 54.0 62.0 60 14 1
The Investment Trust of India Limited 5.0B 56.0 71.0 41.0 62.0 60.0 55 15 1
Mahanivesh (India) Limited 4.5B 74.0 76.0 71.0 58.0 51.0 58 16 1
Dhunseri Investments Limited 4.5B 44.0 53.0 61.0 72.0 45.0 46 17 1
Kiran Vyapar Limited 4.0B 57.0 83.0 87.0 47.0 88.0 82 18 1
Swiss Military Consumer Goods Limited 3.7B 46.0 53.0 47.0 63.0 43.0 42 19 1
Aditya Birla Money Limited 3.5B 88.0 49.0 46.0 90.0 89.0 88 20 1
Jindal Photo Limited 3.5B 51.0 76.0 72.0 51.0 80.0 77 21 1
SIL Investments Limited 3.3B 40.0 85.0 70.0 81.0 61.0 64 22 1
Prime Securities Limited 3.2B 49.0 86.0 57.0 55.0 50.0 58 23 1
Industrial & Prudential Investment Company Limited 3.2B 77.0 58.0 66.0 81.0 87.0 89 24 1
Indo Thai Securities Limited 3.2B 58.0 80.0 47.0 72.0 68.0 64 25 1
Jaykay Enterprises Limited 3.0B 61.0 47.0 78.0 58.0 53.0 58 26 1
Systematix Corporate Services Limited 3.0B 60.0 88.0 51.0 82.0 88.0 77 27 1
Master Trust Limited 2.7B 58.0 90.0 47.0 76.0 90.0 78 28 1
STEL Holdings Limited 2.6B 53.0 91.0 49.0 74.0 94.0 80 29 1
IL&FS Investment Managers Limited 2.4B 52.0 63.0 69.0 84.0 73.0 73 30 1
ABans Enterprises Limited 2.4B 84.0 39.0 45.0 94.0 50.0 52 31 1
Quest Capital Markets Limited 2.1B 71.0 88.0 76.0 80.0 94.0 96 32 1
Almondz Global Securities Limited 2.0B 77.0 68.0 85.0 78.0 90.0 87 33 1
Industrial Investment Trust Limited 2.0B 69.0 71.0 46.0 56.0 80.0 74 34 1
Shardul Securities Limited 1.9B 50.0 68.0 72.0 62.0 60.0 59 35 1
Emkay Global Financial Services Limited 1.8B 82.0 50.0 48.0 56.0 88.0 82 36 1
Avonmore Capital & Management Services Limited 1.7B 56.0 79.0 55.0 68.0 80.0 69 37 1
Bombay Oxygen Investments Limited 1.7B 56.0 60.0 92.0 82.0 78.0 84 38 1
RSD Finance Limited 1.3B 60.0 76.0 91.0 41.0 84.0 78 39 1
Indbank Merchant Banking Services Limited 1.1B 44.0 81.0 74.0 66.0 49.0 54 40 1
LKP Finance Limited 1.1B 87.0 54.0 66.0 88.0 84.0 89 41 1
Welspun Investments and Commercials Limited 1.1B 37.0 97.0 81.0 39.0 98.0 83 42 1
LKP Securities Limited 1.1B 66.0 59.0 44.0 79.0 91.0 85 43 1
Greencrest Financial Services Limited 994.2M 55.0 81.0 79.0 65.0 51.0 61 44 1
McDowell Holdings Limited 969.0M 71.0 94.0 42.0 38.0 89.0 73 45 1
DB (International) Stock Brokers Limited 899.5M 92.0 49.0 73.0 69.0 80.0 84 46 1
Shriram Asset Management Company Limited 881.7M 51.0 58.0 70.0 61.0 65.0 62 47 1
Global Capital Markets Limited 697.0M 48.0 79.0 71.0 78.0 53.0 55 48 1
NCL Research & Financial Services Limited 556.6M 66.0 51.0 82.0 97.0 66.0 66 49 1
Intellivate Capital Ventures Limited 500.4M 64.0 64.0 93.0 90.0 72.0 73 50 1
GCM Securities Limited 476.8M 65.0 51.0 54.0 60.0 66.0 48 51 1
Pioneer Investcorp Limited 466.7M 48.0 80.0 49.0 67.0 83.0 73 52 1
Wallfort Financial Services Ltd. 457.2M 68.0 60.0 81.0 71.0 69.0 71 53 1
Yamini Investments Company Limited 441.6M 70.0 50.0 54.0 79.0 41.0 46 54 1
HB Stockholdings Limited 420.4M 80.0 63.0 92.0 59.0 65.0 75 55 1
Pro Fin Capital Services Ltd. 398.5M 66.0 79.0 75.0 41.0 89.0 81 56 1
HB Portfolio Limited 378.9M 54.0 63.0 63.0 68.0 66.0 64 57 1
Cni Research Limited 311.1M 71.0 86.0 97.0 42.0 85.0 97 58 1
Odyssey Corporation Limited 291.9M 71.0 53.0 95.0 41.0 99.0 79 59 1
Monotype India Limited 225.0M 71.0 57.0 62.0 86.0 41.0 62 60 1
Stampede Capital Limited 209.0M 40.0 45.0 62.0 95.0 37.0 37 61 1
BFL Asset Finvest Limited 207.6M 85.0 71.0 54.0 59.0 75.0 70 62 1
Onelife Capital Advisors Limited 181.7M 70.0 55.0 89.0 85.0 67.0 78 63 1
AF Enterprises Limited 171.1M 56.0 93.0 41.0 72.0 85.0 72 64 1
Esaar (India) Limited 148.2M 70.0 56.0 95.0 90.0 56.0 69 65 1
Cubical Financial Services Limited 117.3M 67.0 68.0 53.0 42.0 71.0 60 66 1
Alka Securities Limited 85.4M 86.0 93.0 66.0 68.0 90.0 91 67 1
Gemstone Investments Limited 75.5M 72.0 59.0 93.0 95.0 62.0 82 68 1
Confidence Finance and Trading Limited 73.9M 67.0 70.0 43.0 79.0 79.0 68 69 1
Essar Securities Limited 72.9M 68.0 61.0 87.0 87.0 82.0 79 70 1
Jackson Investments Limited 55.2M 63.0 61.0 44.0 42.0 55.0 43 71 1
Mathew Easow Research Securities Limited 38.5M 73.0 54.0 52.0 74.0 44.0 59 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59.0 82.0 83.0 64.0 51.0 59 73 1
VLS Finance Limited 5.2B 79.0 72.0 89.0 71.0 69.0 79 74 1
Consolidated Finvest & Holdings Limited 4.4B 76.0 69.0 75.0 79.0 61.0 69 75 1
N.B.I. Industrial Finance Company Limited 4.2B 99.0 42.0 60.0 57.0 43.0 50 76 1
Wealth First Portfolio Managers Limited 3.1B 79.0 79.0 79.0 48.0 93.0 85 77 1
Inventure Growth & Securities Limited 2.4B 62.0 69.0 94.0 72.0 93.0 87 78 1
BLB Limited 1.1B 83.0 85.0 65.0 58.0 91.0 90 79 1
Steel City Securities Limited 910.2M 67.0 68.0 71.0 66.0 65.0 66 80 1

Income Statement Analysis

Goenka Business & Finance appears likely to maintain its strong income statement metrics, especially EBITDA and Revenue Efficiency. Goenka Business & Finance reported impressive EBITDA this period. At filing, EBITDA was reported as 16.0M, representing 27.9% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 24.5%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 95. That said, one metric, Return Factors, stood out as strongly negative. In this filing, Goenka Business & Finance reported a return on equity (ROE) ratio of 3.4, which represents a growth of 27.5%. This metric might have a 12.5 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Therefore, their return factors component earned a score of 41. Because its management is doing an excellent job managing these critical metrics, the income statement was given a score of 89.

Parameter Value Change Score
EBITDA 16.0M 27.9% 95
Total Revenues 43.4M 15.9% 43
Return on Equity 3.4 27.5% 41
* All values are TTM

The below chart describes Goenka Business & Finance's performance as reflected on its income statement with respect to its peers. While Goenka Business & Finance received a income statement score of 89 , the average of its peers stands on 65.

  •  538787
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 79.0 79.0 70.0 77 0 1
Monarch Networth Capital Limited 12.0B 60.0 70.0 74.0 71 1 1
Dolat Algotech Limited 11.9B 49.0 44.0 45.0 45 2 1
UGRO Capital Limited 11.4B 95.0 77.0 50.0 70 3 1
Geojit Financial Services Limited 11.3B 81.0 78.0 84.0 83 4 1
PNB Gilts Ltd. 11.3B 92.0 81.0 77.0 82 5 1
BF Investment Limited 10.9B 54.0 65.0 65.0 64 6 1
Centrum Capital Limited 10.7B 43.0 66.0 69.0 64 7 1
5paisa Capital Limited 9.6B 90.0 59.0 50.0 58 8 1
Dhunseri Ventures Limited 9.1B 89.0 79.0 62.0 76 9 1
Kalyani Investment Company Limited 8.2B 92.0 75.0 51.0 71 10 1
Arihant Capital Markets Limited 7.0B 82.0 76.0 80.0 80 11 1
Summit Securities Limited 6.9B 88.0 63.0 52.0 62 12 1
Nahar Capital and Financial Services Limited 5.6B 94.0 57.0 52.0 54 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 41.0 69.0 45.0 44 14 1
The Investment Trust of India Limited 5.0B 84.0 80.0 85.0 84 15 1
Mahanivesh (India) Limited 4.5B 37.0 43.0 40.0 40 16 1
Dhunseri Investments Limited 4.5B 58.0 73.0 73.0 72 17 1
Kiran Vyapar Limited 4.0B 49.0 79.0 81.0 79 18 1
Swiss Military Consumer Goods Limited 3.7B 43.0 69.0 63.0 64 19 1
Aditya Birla Money Limited 3.5B 82.0 79.0 77.0 81 20 1
Jindal Photo Limited 3.5B 63.0 58.0 51.0 57 21 1
SIL Investments Limited 3.3B 38.0 69.0 43.0 55 22 1
Prime Securities Limited 3.2B 60.0 71.0 84.0 76 23 1
Industrial & Prudential Investment Company Limited 3.2B 47.0 77.0 61.0 68 24 1
Indo Thai Securities Limited 3.2B 96.0 53.0 39.0 42 25 1
Jaykay Enterprises Limited 3.0B 37.0 63.0 66.0 58 26 1
Systematix Corporate Services Limited 3.0B 45.0 76.0 97.0 93 27 1
Master Trust Limited 2.7B 70.0 72.0 60.0 64 28 1
STEL Holdings Limited 2.6B 91.0 61.0 51.0 55 29 1
IL&FS Investment Managers Limited 2.4B 53.0 57.0 55.0 57 30 1
ABans Enterprises Limited 2.4B 94.0 74.0 61.0 78 31 1
Quest Capital Markets Limited 2.1B 54.0 62.0 47.0 48 32 1
Almondz Global Securities Limited 2.0B 84.0 57.0 49.0 50 33 1
Industrial Investment Trust Limited 2.0B 56.0 58.0 67.0 62 34 1
Shardul Securities Limited 1.9B 56.0 63.0 62.0 61 35 1
Emkay Global Financial Services Limited 1.8B 92.0 83.0 91.0 90 36 1
Avonmore Capital & Management Services Limited 1.7B 81.0 75.0 66.0 79 37 1
Bombay Oxygen Investments Limited 1.7B 41.0 70.0 46.0 57 38 1
RSD Finance Limited 1.3B 55.0 56.0 56.0 49 39 1
Indbank Merchant Banking Services Limited 1.1B 94.0 63.0 77.0 73 40 1
LKP Finance Limited 1.1B 43.0 56.0 47.0 49 41 1
Welspun Investments and Commercials Limited 1.1B 67.0 73.0 55.0 60 42 1
LKP Securities Limited 1.1B 74.0 84.0 92.0 89 43 1
Greencrest Financial Services Limited 994.2M 84.0 68.0 66.0 63 44 1
McDowell Holdings Limited 969.0M 98.0 65.0 51.0 57 45 1
DB (International) Stock Brokers Limited 899.5M 47.0 61.0 48.0 55 46 1
Shriram Asset Management Company Limited 881.7M 56.0 69.0 77.0 71 47 1
Global Capital Markets Limited 697.0M 40.0 53.0 50.0 50 48 1
NCL Research & Financial Services Limited 556.6M 69.0 90.0 48.0 85 49 1
Intellivate Capital Ventures Limited 500.4M 87.0 63.0 83.0 70 50 1
GCM Securities Limited 476.8M 97.0 73.0 59.0 85 51 1
Pioneer Investcorp Limited 466.7M 82.0 63.0 57.0 65 52 1
Wallfort Financial Services Ltd. 457.2M 95.0 46.0 43.0 46 53 1
Yamini Investments Company Limited 441.6M 95.0 59.0 38.0 54 54 1
HB Stockholdings Limited 420.4M 82.0 56.0 72.0 66 55 1
Pro Fin Capital Services Ltd. 398.5M 40.0 48.0 43.0 43 56 1
HB Portfolio Limited 378.9M 44.0 46.0 50.0 47 57 1
Cni Research Limited 311.1M 37.0 71.0 72.0 59 58 1
Odyssey Corporation Limited 291.9M 90.0 56.0 96.0 76 59 1
Monotype India Limited 225.0M 39.0 64.0 65.0 64 60 1
Stampede Capital Limited 209.0M 97.0 67.0 71.0 69 61 1
BFL Asset Finvest Limited 207.6M 41.0 37.0 95.0 58 62 1
Onelife Capital Advisors Limited 181.7M 66.0 70.0 71.0 67 63 1
AF Enterprises Limited 171.1M 53.0 74.0 79.0 82 64 1
Esaar (India) Limited 148.2M 57.0 63.0 73.0 62 65 1
Cubical Financial Services Limited 117.3M 38.0 69.0 38.0 57 66 1
Alka Securities Limited 85.4M 94.0 82.0 92.0 86 67 1
Gemstone Investments Limited 75.5M 85.0 93.0 55.0 96 68 1
Confidence Finance and Trading Limited 73.9M 89.0 60.0 70.0 68 69 1
Essar Securities Limited 72.9M 52.0 50.0 84.0 50 70 1
Jackson Investments Limited 55.2M 97.0 61.0 94.0 72 71 1
Mathew Easow Research Securities Limited 38.5M 47.0 61.0 82.0 55 72 1
Pilani Investment and Industries Corporation Limited 21.2B 51.0 70.0 63.0 66 73 1
VLS Finance Limited 5.2B 57.0 76.0 61.0 70 74 1
Consolidated Finvest & Holdings Limited 4.4B 38.0 65.0 46.0 55 75 1
N.B.I. Industrial Finance Company Limited 4.2B 51.0 76.0 83.0 80 76 1
Wealth First Portfolio Managers Limited 3.1B 69.0 47.0 61.0 50 77 1
Inventure Growth & Securities Limited 2.4B 69.0 58.0 52.0 49 78 1
BLB Limited 1.1B 76.0 75.0 88.0 78 79 1
Steel City Securities Limited 910.2M 49.0 64.0 61.0 60 80 1

Cash Flow Analysis

Goenka Business & Finance's recently published cash flow conveyed disappointing growth, particularly concerning Asset Turnover metric. Goenka Business & Finance's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.1, representing a nan% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 5.8 percent by this parameter. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Therefore, their asset turnover movement earned a score of 51. That said, one metric, Capex, stood out as strongly positive. Goenka Business & Finance's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Goenka Business & Finance recorded CapEx of nan, which represents nan% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 60. Therefore, their cash flow earned a grade of 50.

Parameter Value Change Score
* All values are TTM

The below chart describes Goenka Business & Finance's performance as reflected on its cash flow with respect to its peers. While Goenka Business & Finance received a cash flow score of 50, the average of its peers stands on 66.

  •  538787
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 72.0 65.0 68.0 64.0 67 0 1
Monarch Networth Capital Limited 12.0B 69.0 64.0 63.0 69.0 68 1 1
Dolat Algotech Limited 11.9B 65.0 72.0 71.0 76.0 76 2 1
UGRO Capital Limited 11.4B 70.0 67.0 67.0 63.0 68 3 1
Geojit Financial Services Limited 11.3B 76.0 54.0 56.0 65.0 65 4 1
PNB Gilts Ltd. 11.3B 69.0 59.0 68.0 50.0 55 5 1
BF Investment Limited 10.9B 70.0 63.0 68.0 65.0 66 6 1
Centrum Capital Limited 10.7B 67.0 67.0 67.0 90.0 88 7 1
5paisa Capital Limited 9.6B 66.0 67.0 67.0 82.0 81 8 1
Dhunseri Ventures Limited 9.1B 69.0 67.0 94.0 46.0 58 9 1
Kalyani Investment Company Limited 8.2B 82.0 53.0 69.0 93.0 85 10 1
Arihant Capital Markets Limited 7.0B 67.0 67.0 47.0 65.0 66 11 1
Summit Securities Limited 6.9B 85.0 51.0 96.0 71.0 87 12 1
Nahar Capital and Financial Services Limited 5.6B 63.0 84.0 95.0 46.0 67 13 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 66.0 98.0 52.0 81 14 1
The Investment Trust of India Limited 5.0B 64.0 71.0 69.0 62.0 65 15 1
Mahanivesh (India) Limited 4.5B 73.0 56.0 68.0 74.0 71 16 1
Dhunseri Investments Limited 4.5B 74.0 66.0 68.0 76.0 76 17 1
Kiran Vyapar Limited 4.0B 61.0 71.0 40.0 82.0 58 18 1
Swiss Military Consumer Goods Limited 3.7B 73.0 63.0 57.0 77.0 78 19 1
Aditya Birla Money Limited 3.5B 53.0 85.0 81.0 69.0 75 20 1
Jindal Photo Limited 3.5B 63.0 68.0 59.0 83.0 75 21 1
SIL Investments Limited 3.3B 79.0 54.0 41.0 95.0 81 22 1
Prime Securities Limited 3.2B 72.0 64.0 70.0 48.0 53 23 1
Industrial & Prudential Investment Company Limited 3.2B 59.0 77.0 67.0 88.0 87 24 1
Indo Thai Securities Limited 3.2B 61.0 66.0 48.0 46.0 42 25 1
Jaykay Enterprises Limited 3.0B 74.0 55.0 95.0 87.0 76 26 1
Systematix Corporate Services Limited 3.0B 83.0 46.0 65.0 68.0 75 27 1
Master Trust Limited 2.7B 71.0 66.0 46.0 50.0 50 28 1
STEL Holdings Limited 2.6B 54.0 84.0 68.0 40.0 45 29 1
IL&FS Investment Managers Limited 2.4B 58.0 74.0 85.0 85.0 79 30 1
ABans Enterprises Limited 2.4B 45.0 89.0 91.0 87.0 76 31 1
Quest Capital Markets Limited 2.1B 65.0 72.0 63.0 78.0 74 32 1
Almondz Global Securities Limited 2.0B 78.0 38.0 52.0 74.0 68 33 1
Industrial Investment Trust Limited 2.0B 67.0 72.0 59.0 71.0 71 34 1
Shardul Securities Limited 1.9B 68.0 65.0 76.0 84.0 81 35 1
Emkay Global Financial Services Limited 1.8B 61.0 72.0 91.0 65.0 70 36 1
Avonmore Capital & Management Services Limited 1.7B 66.0 71.0 65.0 66.0 70 37 1
Bombay Oxygen Investments Limited 1.7B 52.0 82.0 90.0 94.0 94 38 1
RSD Finance Limited 1.3B 51.0 66.0 68.0 61.0 54 39 1
Indbank Merchant Banking Services Limited 1.1B 75.0 61.0 53.0 52.0 53 40 1
LKP Finance Limited 1.1B 63.0 72.0 67.0 72.0 74 41 1
Welspun Investments and Commercials Limited 1.1B 63.0 80.0 68.0 38.0 50 42 1
LKP Securities Limited 1.1B 62.0 78.0 67.0 82.0 84 43 1
Greencrest Financial Services Limited 994.2M 68.0 68.0 69.0 67.0 67 44 1
McDowell Holdings Limited 969.0M 86.0 44.0 66.0 37.0 51 45 1
DB (International) Stock Brokers Limited 899.5M 60.0 81.0 68.0 65.0 67 46 1
Shriram Asset Management Company Limited 881.7M 66.0 67.0 81.0 84.0 84 47 1
Global Capital Markets Limited 697.0M 71.0 60.0 60.0 89.0 80 48 1
NCL Research & Financial Services Limited 556.6M 71.0 69.0 66.0 90.0 92 49 1
Intellivate Capital Ventures Limited 500.4M 66.0 71.0 62.0 83.0 79 50 1
GCM Securities Limited 476.8M 69.0 70.0 60.0 79.0 76 51 1
Pioneer Investcorp Limited 466.7M 80.0 56.0 71.0 62.0 64 52 1
Wallfort Financial Services Ltd. 457.2M 66.0 71.0 63.0 65.0 63 53 1
Yamini Investments Company Limited 441.6M 66.0 71.0 63.0 58.0 59 54 1
HB Stockholdings Limited 420.4M 70.0 66.0 59.0 60.0 67 55 1
Pro Fin Capital Services Ltd. 398.5M 70.0 71.0 66.0 51.0 63 56 1
HB Portfolio Limited 378.9M 73.0 63.0 56.0 91.0 88 57 1
Cni Research Limited 311.1M 69.0 69.0 64.0 62.0 60 58 1
Odyssey Corporation Limited 291.9M 70.0 69.0 69.0 98.0 88 59 1
Monotype India Limited 225.0M 67.0 69.0 65.0 46.0 49 60 1
Stampede Capital Limited 209.0M 66.0 71.0 63.0 97.0 82 61 1
BFL Asset Finvest Limited 207.6M 61.0 71.0 65.0 64.0 66 62 1
Onelife Capital Advisors Limited 181.7M 69.0 69.0 64.0 51.0 51 63 1
AF Enterprises Limited 171.1M 66.0 71.0 65.0 51.0 63 64 1
Esaar (India) Limited 148.2M 69.0 71.0 66.0 68.0 69 65 1
Cubical Financial Services Limited 117.3M 71.0 69.0 66.0 98.0 99 66 1
Alka Securities Limited 85.4M 83.0 54.0 86.0 42.0 61 67 1
Gemstone Investments Limited 75.5M 70.0 69.0 70.0 85.0 85 68 1
Confidence Finance and Trading Limited 73.9M 69.0 71.0 66.0 76.0 76 69 1
Essar Securities Limited 72.9M 71.0 69.0 66.0 86.0 88 70 1
Jackson Investments Limited 55.2M 66.0 71.0 62.0 81.0 77 71 1
Mathew Easow Research Securities Limited 38.5M 69.0 69.0 64.0 63.0 60 72 1
Pilani Investment and Industries Corporation Limited 21.2B 66.0 71.0 66.0 67.0 71 73 1
VLS Finance Limited 5.2B 68.0 69.0 60.0 66.0 64 74 1
Consolidated Finvest & Holdings Limited 4.4B 48.0 89.0 77.0 42.0 59 75 1
N.B.I. Industrial Finance Company Limited 4.2B 78.0 42.0 68.0 59.0 68 76 1
Wealth First Portfolio Managers Limited 3.1B 60.0 81.0 68.0 72.0 66 77 1
Inventure Growth & Securities Limited 2.4B 85.0 46.0 93.0 73.0 91 78 1
BLB Limited 1.1B 85.0 45.0 84.0 66.0 67 79 1
Steel City Securities Limited 910.2M 59.0 72.0 62.0 73.0 68 80 1

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