Goyal Associates Limited (530663) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Goyal Associates Limited ₹1.03, price ₹1.02, upside +1.0%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ₹0.6500 – ₹7.33 · fair‑value band ₹0.6800 – ₹1.29 · the ₹1.02 price screens below the ₹1.03 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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Goyal Associates Limited, a non-banking financial service company, provides various financial services in India. The company provides commercial loans, such as micro enterprise, SME, two wheeler, commercial vehicle, and agri based loans, as well as loans to micro financial institutions and NBFCs.
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Goyal Associates Limited, a non-banking financial service company, provides various financial services in India. The company provides commercial loans, such as micro enterprise, SME, two wheeler, commercial vehicle, and agri based loans, as well as loans to micro financial institutions and NBFCs. It is also involved in share trading and other financial activities of NBFC. Goyal Associates Limited was incorporated in 1994 and is based in Ahmedabad, India.
Stock analysis
Goyal Associates Limited (530663) currently trades at ₹1.02, while our model-based Fair Value estimate is ₹1.03, so the stock looks roughly fairly valued today (gap 1.0%).
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: ₹0.6800 (bear) to ₹1.29 (bull), the price of ₹1.02 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Other sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Goyal Associates Limited reported revenue of ₹12.4M in FY2026 versus ₹15.2M in FY2022, a compound −4.9%/yr. Reported net income was −₹3.2M in FY2026.
Key figures
Market cap ₹54.0M (≈ $561K) · P/E ratio 11.3 · P/S ratio 1.23 · EPS (TTM) ₹0.0350 · Net margin −26.0% · Return on equity 19.4% · Return on assets (EBIT) 5.5% · Operating margin 10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Other peers we cover trades at 49% fair-value upside, at 1%, 530663 screens richer than that median.
Fair Value models
Bear ₹0.6800Fair Value ₹1.03Bull ₹1.29
Price ₹1.02 · Upside +1.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0179 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.32/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−52.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−28.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.2%
Start year 2021 (pandemic). Over 10 years: +21.6% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
4.3% (2021) → −28.6% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare Goyal Associates Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other · 123 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside+1.0% · Above median
Profitability
Return on equity (TTM)19.4% · Top 25%
Return on assets8.3% · Top 25%
Net margin (TTM)10.3% · Top 25%
Operating margin (TTM)10.8% · Top 25%
Growth and dividend
Revenue growth51.7% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Other median · lower = cheaper
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Is Goyal Associates Limited (530663) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹1.03 versus a price of ₹1.02, about +1% upside (fairly valued).
What is the fair value of 530663?
Our model-based fair value for Goyal Associates Limited is ₹1.03 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹1.02.
What is the quality score of 530663?
Goyal Associates Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Goyal Associates Limited (530663)?
Our model-based price target is the fair value of ₹1.03 (as of Oct 3, 2026) from 1 valuation models. Cautious scenario ₹0.6800, optimistic scenario ₹1.29. It is a calculation from audited fundamentals, not an analyst target.
What is the Goyal Associates Limited stock forecast for 2026?
Our models put fair value at ₹1.03, about +1% upside versus a price of ₹1.02 (fairly valued). Cautious scenario ₹0.6800, optimistic scenario ₹1.29. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Goyal Associates Limited (530663)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Goyal Associates Limited it is ₹1.03 per share (as of Oct 3, 2026), against a price of ₹1.02. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Goyal Associates Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 530663 trades below its calculated fair value: price ₹1.02, fair value ₹1.03, a gap of about +1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 530663?
No. The price is what the market pays today (₹1.02); the fair value is what the company's own numbers justify (₹1.03). For Goyal Associates Limited the two are ₹0.0100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Goyal Associates Limited worth?
The market values Goyal Associates Limited at about ₹54.0M (market capitalisation, as of Oct 3, 2026). Per share that is ₹1.02; our models calculate a fair value of ₹1.03 per share.
What do the bullish and bearish scenarios say about 530663?
Our models span a range for Goyal Associates Limited: cautious scenario ₹0.6800, base ₹1.03, optimistic ₹1.29 per share (as of Oct 3, 2026, price ₹1.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 530663?
Goyal Associates Limited trades at a price-to-earnings ratio of 11.3 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1.03 is built from several models across several years. Other multiples: P/B 1.0, P/S 1.3.
How solid is the balance sheet of Goyal Associates Limited (530663)?
Balance-sheet figures for Goyal Associates Limited (as of Oct 3, 2026): return on equity 19.4%, debt of 0.20 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is 530663 from its 52-week high?
Goyal Associates Limited trades at ₹1.02, about 10% below its 52-week high of ₹1.13 and 57% above the low of ₹0.6500 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1.03 is for.
Which stocks are comparable to Goyal Associates Limited?
From the same area (Other) we also value Navient Corporation, 542772, Newtek Business Services Corp, 532468, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Goyal Associates Limited stock attractive at the current price?
The data as of Oct 3, 2026: price ₹1.02, calculated fair value ₹1.03 (+1%), Quality Score 30/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 530663 calculated?
We run Goyal Associates Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1.03, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Goyal Associates Limited currently trades 1 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Goyal Associates Limited (530663)?
The closing price on Oct 1, 2026 was ₹1.02. Our model-based fair value is ₹1.03, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Goyal Associates Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹0.6800 to ₹1.29) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Goyal Associates Limited
How large is the market capitalisation of Goyal Associates Limited (530663)?
The market capitalisation of Goyal Associates Limited is ₹54.0M (≈ $561K). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Goyal Associates Limited (530663)?
The price-to-sales ratio of Goyal Associates Limited is 1.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Goyal Associates Limited (530663)?
Earnings per share at Goyal Associates Limited are ₹0.0350 (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Goyal Associates Limited (530663)?
The net margin of Goyal Associates Limited is −26.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Goyal Associates Limited (530663)?
The return on equity (ROE) of Goyal Associates Limited is 19.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Goyal Associates Limited (530663)?
On an EBIT basis the return on assets of Goyal Associates Limited is 5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Goyal Associates Limited (530663)?
The operating margin of Goyal Associates Limited is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Goyal Associates Limited (530663)?
Revenue at Goyal Associates Limited is growing +51.7% versus a year earlier (3y avg −28.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Goyal Associates Limited (530663) generate?
The free cash flow of Goyal Associates Limited is −₹2.3M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Goyal Associates Limited (530663) carry?
The net debt of Goyal Associates Limited is ₹10.3M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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