Goyal Salt share price target 2025 to 2030

In this blog we will learn about Goyal Salt share price target 2025, Goyal Salt share price target 2028, Goyal Salt share price target 2029, Goyal Salt share price target 2024, and Goyal Salt share price target 2030. The analysis of Goyal Salt Limited will be done in this article to draw some conclusions based on it.

About the company

Before we learn about Goyal Salt share price target 2025 to 2030, let us learn about the company first. Goyal Salt was incorporated in the year 2010. The company is one of the largest dealers and manufacturers of all varieties of Sodium Chloride. The company supplies salt to various industries like the Rubber industry, Pigment industry, Energy industry, Chemical industry, Textile industry, Electrolysis Metal industry, Soap & washing powder industry, etc.

The registered corporate office of the company is in Jaipur, Rajasthan. Mr. Rajesh Goyal is the Chairman & Whole Time Director of the company and Mr. Parmesh Goyal is the Managing Director. The company also manufactures salt for human consumption. Its range of salt includes refined free-flow salt and double-fortified salt. Readers who wish to learn more about the company and its operations may visit the website Goyalsaltltd.

Goyal Salt – Fundamental Analysis

The company has reported revenue of Rs 117 cr in the financial year 2023 as compared to the revenue of Rs 66cr in the financial year 2022. This is a growth of 77% over the last year. The operating profit reported by the company has jumped by 133 % in just one year, i.e, from Rs 3cr in FY 22 to Rs 7cr in FY 23.

	Mar-21	Mar-22	Mar-23
Revenue (in cr)	60	66	117
Expenses (in cr)	57	63	110
Operating profit (in cr)	3	3	7
PBT(in cr)	1	1	5
Net Profit (in cr)	1	1	4
Tax	27%	43%	27%
OPM	5%	5%	6%

The net profit earned by the company has seen a growth of 300% in the last year. The net profit earned in FY 2022 was just Rs 1cr whereas the net profit earned by the company in FY 23 is Rs 4cr. The debtor days have reduced from 70 to 48 days. The major competitors of Goyal Salt are LT Foods, KRBL, Zydus Wellness, etc. The market cap of the company is Rs 274 cr at the current share price of Rs 153. The company has delivered an ROCE and an ROE of 24.8% & 25.4% respectively. Readers who wish to learn more about the fundamentals of the company may visit the website screener.

Goyal Salt Share Price – Technical Chart Analysis

Below is the chart of Goyal Salt share price movement on a weekly time frame. It’s been just 12 weeks since the shares of Goyal Salt were listed on the Indian exchanges. The listing week high of Goyal Salt share price was Rs 140. The price kept on moving upwards in the second week of listing and reached a high of Rs 175.95. The price moved further up in the third week and a level of Rs 189.85 was reached but the price couldn’t sustain this level.

The price started to slide and has been continuously falling since then. Goyal Salt share price reached a low of Rs 145 and has been trying to move up since then. In my opinion, the level of Rs 140 may act as support and the price is unlikely to move below it.

Below is the chart of Goyal Salt share price movement on a daily time frame. Since the listing day high of Rs 136.5, the price kept rising and upper circuits were seen during this rise along with gapup openings. These gaps were sure to be filled in the coming days and the gaps have been filled as seen in the chart.

The price is consolidating as of now and the level of Rs 136.5 to Rs 140 is acting as a support. The price is unlikely to fall below this level. Readers need to adopt a “wait and watch” policy before making any investment decision.

Goyal Salt share price target 2025 to 2030

The picture below shares Goyal Salt share price target 2025 to 2030. Goyal Salt share price target 2025 may be Rs 240 and Goyal Salt share price target 2030 may be Rs 315.

Goyal salt share price target 2028 may be Rs 280 and the price of Goyal Salt is expected to reach Rs 340 in the year 2029.

Goyal Salt share price history

Goyal Salt Limited shares were listed on the Indian exchanges, the National Stock Exchange, and the Bombay Stock Exchange, on 26th October 2023. The Goyal Salt share price history data is still in its nascent stage. The table below contains this data in a daily time frame.

Date	OPEN	HIGH	LOW	CLOSE
22-Dec-23	157.55	157.55	152	153
21-Dec-23	150	150	148	149
20-Dec-23	152.5	152.5	150	150.5
19-Dec-23	150	153	150	151.85
18-Dec-23	147.15	153	147.15	151
15-Dec-23	154.5	154.5	154.5	154.5
14-Dec-23	152.1	155	152.1	153.2
13-Dec-23	155	155	153.2	153.2
12-Dec-23	159	159	155	155.65
11-Dec-23	160.05	160.05	156.45	157
08-Dec-23	161	165.5	159	159.45
07-Dec-23	160	160	157.2	159.95
06-Dec-23	145	157	145	157
05-Dec-23	160	160	155	155
04-Dec-23	163	163	158	161.9
01-Dec-23	162	162	159	159
30-Nov-23	161	165	160	160
29-Nov-23	162	165	162	164.5
28-Nov-23	165	165	161.05	161.05
24-Nov-23	165	165	165	165
23-Nov-23	165.5	168.4	165	165.05
22-Nov-23	169.85	169.85	165	165
21-Nov-23	169.5	170	167.1	167.55
20-Nov-23	168.1	169.95	168	168
17-Nov-23	170	170	164	168.5
16-Nov-23	170	170.2	167	167.85
15-Nov-23	171	172.25	167	170
13-Nov-23	171	171	167.6	170.4
12-Nov-23	161	169.3	161	167.4
10-Nov-23	175	175	168	169.05
09-Nov-23	164	173	164	170.75
08-Nov-23	152	165	151	164.35
07-Nov-23	163	163	150	152.35
06-Nov-23	164.35	166.8	155.55	159.1
03-Nov-23	162	166.85	162	164.95
02-Nov-23	168	170	165	165.8
01-Nov-23	173	178.8	167.75	170.05
31-Oct-23	169.4	176	169.4	170.9
30-Oct-23	170	173.7	168.3	170.15
27-Oct-23	171	174.8	164.95	168.5
26-Oct-23	180	180	161	169.6

The table above has the daily Open, High, Low, and Close prices of Goyal Salt Limited. The data is too raw to derive any conclusions from it at this moment. A few observations are discussed in the technical chart analysis above.

Goyal Salt shareholding pattern

Below is the graphic representation of the shareholding pattern of Goyal Salt Limited. The promoters hold a 72.61% stake in the company.

FIIs and DIIs have 4.59% & 5.82% shareholding in the company respectively. The public stake in the company is 16.86%. This data is as reported in October 2023.

Conclusion

This is to inform you that this blog post is not an investment advice. This is written purely for educational purposes and is not intended to influence anyone’s investment decision. Investors are advised to speak to their financial advisors before making any investment decision in Goyal Salt. Investments in the share market are subject to market risks and one is advised to consult their financial advisors before any investment. We are not a SEBI-registered analysis.

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