Goyal Associates

Goyal Associates EBIT

The EBIT of Goyal Associates (530663.BO) as of Oct 16, 2026 is 7.43 M INR. In the previous year, EBIT was 9.25 M INR — a change of -19.71% (lower).

EBIT

7.43 MINR

YoY

-19.71%

Last updated:

In 2025, Goyal Associates's EBIT was 7.43 M INR, a -19.71% increase from the 9.25 M INR EBIT recorded in the previous year.

The Goyal Associates EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EBIT
Date
EBIT
Jan 1, 2018
-632,000.00 INR
Jan 1, 2019
-6.31 M INR
Jan 1, 2020
1.95 M INR
Jan 1, 2021
504,300.00 INR
Jan 1, 2022
-4.48 M INR
Jan 1, 2023
8.04 M INR
Jan 1, 2024
9.25 M INR
Jan 1, 2025
7.43 M INR
The Goyal Associates EBIT history
YEAREBITYoY
7.43 MINR-19.71%
9.25 MINR+15.09%
8.04 MINR-279.64%
-4.48 MINR-987.59%
504,300.00INR-74.14%
1.95 MINR-130.93%
-6.31 MINR+897.69%
-632,000.00INR+92.74%
-327,900.00INR-51.93%
-682,100.00INR+112.36%
-321,200.00INR-80.99%
-1.69 MINR-96.59%
-49.49 MINR+704.72%
-6.15 MINR—

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Goyal Associates Revenue

Goyal Associates Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
6.08 M INR
-632,000.00 INR
-632,000.00 INR
Jan 1, 2019
66.45 M INR
-6.31 M INR
-6.28 M INR
Jan 1, 2020
36.16 M INR
1.95 M INR
1.65 M INR
Jan 1, 2021
11.66 M INR
504,300.00 INR
334,500.00 INR
Jan 1, 2022
15.16 M INR
-4.48 M INR
-4.48 M INR
Jan 1, 2023
34.07 M INR
8.04 M INR
5.80 M INR
Jan 1, 2024
37.51 M INR
9.25 M INR
6.31 M INR
Jan 1, 2025
26.26 M INR
7.43 M INR
7.38 M INR

Goyal Associates Margins

Goyal Associates stock margins

The Goyal Associates margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Goyal Associates. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Goyal Associates.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
1.22 %
-10.40 %
-10.40 %
Jan 1, 2019
-7.04 %
-9.49 %
-9.46 %
Jan 1, 2020
9.56 %
5.39 %
4.55 %
Jan 1, 2021
50.43 %
4.33 %
2.87 %
Jan 1, 2022
82.76 %
-29.53 %
-29.53 %
Jan 1, 2023
91.93 %
23.60 %
17.03 %
Jan 1, 2024
97.52 %
24.67 %
16.81 %
Jan 1, 2025
91.93 %
28.29 %
28.10 %

Goyal Associates Stock analysis

What does Goyal Associates do? Goyal Associates Ltd, identified by the ticker symbol 530663.BO and ISIN INE912B01032, is a financial services firm headquartered in Ahmedabad, Gujarat, India. The company operates within the broader financials sector, specifically focusing on financial services. It officially entered the public markets through an initial public offering on October 28, 2003, and maintains its digital presence at http://ww12.gylfinserv.com/. As a non-banking financial institution, Goyal Associates Ltd is categorized specifically as a non-deposit-taking company, distinguishing its operational model from traditional banks that accept public deposits. The core of the company's business strategy revolves around providing a diverse range of fund-based activities designed to support various segments of the economy. A significant portion of its lending portfolio is dedicated to micro-enterprise loans, which are crucial for small-scale business owners and entrepreneurs who may lack access to traditional banking channels. In addition to micro-finance, the firm extends credit to small and mid-size enterprises, thereby supporting the growth and stability of the SME sector. The company also engages in vehicle loans, catering to individual and commercial transportation needs, and agriculture-based loans, which are vital for sustaining the agricultural economy in regions like Gujarat. Furthermore, Goyal Associates Ltd provides loans to micro-financial institutions and non-banking financial companies, acting as a liquidity provider and partner to other financial entities in the market. Beyond its direct lending activities, the firm is involved in share trading and other financial-related activities concerning non-banking financial companies and other entities. This dual approach of direct lending to end-users and financial services for institutional clients allows the company to diversify its revenue streams and manage risk effectively. The strategic focus on niche markets such as micro-finance and agriculture highlights the company's commitment to inclusive finance, aiming to bridge the credit gap for underserved populations and businesses. By operating as a non-deposit-taking entity, Goyal Associates Ltd relies on alternative funding mechanisms to support its extensive loan book, ensuring compliance with regulatory frameworks while maintaining operational flexibility. The company's long-standing presence in the market, dating back to its 2003 IPO, reflects its established position within the Indian financial services landscape. Goyal Associates is one of the most popular companies on Eulerpool.

EBIT Details

Analyzing Goyal Associates's EBIT

Goyal Associates's Earnings Before Interest and Taxes (EBIT) represents the company's operating profit. It is calculated by deducting all operating expenses, including the cost of goods sold (COGS) and operating expenses, from the total revenue, but before accounting for interest and taxes. It provides insights into the company’s operational profitability, excluding the impacts of financing and tax structures.

Year-to-Year Comparison

A yearly comparison of Goyal Associates's EBIT can reveal trends in the company’s operational efficiency and profitability. An increase in EBIT over the years can indicate enhanced operational efficiency or growth in revenue, while a decrease might raise concerns about increased operating costs or declining sales.

Impact on Investments

Goyal Associates's EBIT is a significant metric for investors. A positive EBIT suggests that the company is generating enough revenue to cover its operating expenses, an essential aspect for assessing the company’s financial health and stability. Investors closely monitor EBIT to gauge the company’s profitability and potential for future growth.

Interpreting EBIT Fluctuations

Fluctuations in Goyal Associates’s EBIT can be due to variations in revenue, operating expenses, or both. An increasing EBIT indicates improved operational performance or increased sales, while a declining EBIT can signal rising operational costs or reduced revenue, prompting a need for strategic adjustments.

Frequently Asked Questions about Goyal Associates stock

EBIT of Goyal Associates is 7.43 M INR in 2025.

EBIT of Goyal Associates changed from 9.25 M INR to 7.43 M INR, representing a -19.71% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EBIT Goyal Associates since 2006 – with annual values, charts, and detailed analysis.

"Earnings before interest and taxes", abbreviated as EBIT, is also referred to as the operating result of a company. It is a key figure that allows the profit to be assessed over a specific period of time, usually a fiscal year. Taxes and interest are not deducted from EBIT, making it suitable for international comparisons of different companies.

Net income
+ Tax expense
+ Interest expense and other financial expenses
- Interest income and other financial income
= EBIT (operating profit)

EBIT's INR is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track EBIT's Goyal Associates historically and in real time.

The sales revenue is important for evaluating a stock.

EBIT is an acronym for "Earnings Before Interest and Tax" and represents a company's gross profit before taxes and interest are deducted. The EBIT amount is often used as a metric to evaluate a company.

History

The EBIT was originally introduced in the 1940s when the US Internal Revenue Service (IRS) passed a new tax law. This law required companies to calculate their profit before deducting taxes and interest on loans (or "interest and taxes"). Since then, the EBIT has been used as one of the key financial indicators in evaluating a company.

Usage

The EBIT can be used to assess a company by comparing its financial results to a benchmark or a comparative value. The EBIT is also used to determine how much the company's shareholders will receive from its operating income.

Calculation

EBIT is calculated by deducting taxes and interest on loans from the company's net profit. This amount can be calculated in various ways, but the most common method is as follows:

EBIT = Net profit + interest and taxes

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Net profit of XYZ Co. = $1,000,000
Interest and taxes = $ 500,000
EBIT of XYZ Co. = $1,500,000

Application

The EBIT value is often used to determine and evaluate the financial stability of a company. The EBIT value can also be used to determine how much money a company can spend on investments or dividends.

Use of EBIT in stock investment

Investors use EBIT to determine if a stock is over- or undervalued. If a company has a high EBIT value, it may indicate that its stock is overvalued, as the profit it generates could be lower than what it would generate with a different stock.

Advantages of EBIT

EBIT is a helpful measure for determining the financial stability of a company. There are several advantages associated with using EBIT, such as:
- EBIT eliminates the impact of financing on the company's earnings.
- It is a useful measure for determining the profits that a company can distribute to its shareholders.
- It can be used to determine whether a stock is overvalued or undervalued.

Disadvantages of EBIT

There are also some disadvantages to using EBIT, such as:
- EBIT cannot be used as the sole measure to evaluate a company as it does not reflect the overall profit of the company.
- EBIT can be influenced by unforeseen events such as a tax increase.
- EBIT is not always a reliable indicator of a company's future profit development.

Conclusion

The EBIT is an important measure used to evaluate a company. It can be used to determine how much money a company can generate from its operational results and whether a stock is overvalued or undervalued. However, the EBIT also has some disadvantages as it does not reflect the overall profitability of a company and can be influenced by unforeseen events. Therefore, it is important to consider the EBIT in conjunction with other financial indicators to obtain a complete picture of the company.

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Income Statement — Goyal Associates

RevenueGross ProfitEBITEBITDANet IncomeEPSCost of Goods SoldR&D ExpensesSG&A ExpensesOperating ExpensesInterest ExpensePretax IncomeTax ExpenseDepreciation & AmortizationRevenue per ShareEBIT per ShareDiluted EPSEBITDA per ShareOther Income/Expense

All Key Metrics — Goyal Associates