💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations grew by 11.74% YoY, reaching INR 76.79 Cr (Rs. 7,67,947.34 thousand) compared to INR 68.72 Cr (Rs. 6,87,242.17 thousand) in the previous year. Standalone revenue matched the consolidated figure at INR 76.79 Cr. Specific segment-wise growth percentages were not disclosed.

Profitability Margins

Consolidated Net Profit Margin for the year was 2.98%, a decline from 3.38% in the previous year. Standalone Net Profit Margin was significantly lower at 1.94%, reflecting a standalone profit of INR 1.49 Cr (Rs. 14,887.90 thousand) against revenue of INR 76.79 Cr.

EBITDA Margin

Not explicitly disclosed; however, consolidated Net Profit decreased by 1.50% YoY to INR 2.29 Cr (Rs. 22,864.17 thousand) despite an 11.74% increase in revenue, indicating a contraction in core profitability margins.

⚙️ Operational Drivers

Raw Materials

Aluminium raw materials. These represent a significant but unquantified percentage of total costs and are subject to high price volatility.

Import Sources

Neighboring countries are identified as sources of low-quality aluminium products being dumped into the domestic market, impacting the company's cost structure and competitive positioning.

Key Suppliers

RG Enterprises (a related party) supplied goods worth INR 0.44 Cr (Rs. 4,367.07 thousand) during the period.

Raw Material Costs

Raw material costs are a primary operational driver; the company reported that performance is heavily affected by volatility in aluminium prices and dumping from neighboring countries. Specific cost as a percentage of revenue was not disclosed.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

The company is pursuing growth by aggressively acquiring new orders and exploring new business avenues. It also leverages its associate, Wroley E India Private Limited, which contributed a share of net profit amounting to INR 1.23 Cr (Rs. 122.99 Lakhs) for the half-year ended September 30, 2025.

Products & Services

Aluminium products, including various grades of aluminium raw materials and finished goods.

Brand Portfolio

Goyal Aluminiums.

Market Expansion

The company is targeting penetration into both domestic and international markets to diversify its revenue base and reduce exposure to local economic vibrations.

Strategic Alliances

Associate relationship with M/s Wroley E India Private Limited.

🌍 External Factors

Industry Trends

The Indian economy is forecasted to be the fastest-growing emerging market. The aluminium industry is currently characterized by high raw material volatility and a shift toward domestic manufacturing reforms, though it faces disruption from international dumping.

Competitive Landscape

The landscape is competitive with significant pressure from low-cost imports and neighboring country dumping.

Competitive Moat

The company relies on team determination and product diversification as its primary advantages. However, it acknowledges a 'low equity base' as a weakness, which may limit the sustainability of its competitive moat against larger, more capitalized players.

Macro Economic Sensitivity

Highly sensitive to Indian GDP growth and central government stability, which are viewed as catalysts for economic reforms and improved macro-economic environments.

Geopolitical Risks

Vulnerable to trade policies and dumping practices from neighboring countries, which affect the competitive landscape of the aluminium industry.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to government policies and vibrations in the economy. Remuneration paid to directors is compliant with Section 197 and Schedule V of the Companies Act 2013.

Legal Contingencies

The company has disclosed the impact of pending litigations in Note 35 of its Standalone Financial Statements, though specific case values were not detailed in the provided text.

⚠️ Risk Analysis

Key Uncertainties

Primary uncertainties include the volatility of raw material prices and the potential for continued dumping of low-quality aluminium, which could impact profitability by an unquantified percentage.

Third Party Dependencies

Dependency on related party RG Enterprises for a portion of sales (INR 1.29 Cr) and purchases (INR 0.44 Cr).

Technology Obsolescence Risk

The company previously lacked an edit log facility in its accounting software (until March 31, 2024), which posed a regulatory risk regarding the audit trail; this has since been addressed.

Credit & Counterparty Risk

The company uses year-end cut-off procedures and testing of manual journal entries to mitigate the risk of revenue and profit manipulation.