Gopal Snacks (GOPAL) had a P/E of 36.5× on 6 Nov 2026, above the industry P/E of 19.5×, and the shares are 33% below their 52-week high. Sales grew 2.5% a year over 3 years while net profit fell 13%, with ROCE of 21% and ROE of 21%. Debt is 0.27× equity, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹3,062 Cr, ranked 26th of 127 Packaged Foods companies by market cap; the shares fell 29% over the past year.
- ₹249.44
- ₹249.90
- ₹244.10
- ₹249.44
- 1.1 L
Health check
- ReturnsBehind
−28.7% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 36.5 vs industry 19.5.
- GrowthSlow
Sales +2.5%, profit −13.1% a year over 3 years.
- ProfitabilityStrong
ROCE 20.6% vs peer median 15.3%.
- Balance sheetFair
Debt 0.27× equity, interest covered 16.9×, Piotroski 5 of 9.
- Red flags2 to check
P/E of 36.5 against an industry P/E of 19.5.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,062 Cr
- Small cap
- P/E
- 36.5
- Industry 19.5
- Price to book
- 5.69
- Peers 8.88
- Dividend yield
- 0.61%
- ROE
- 21.4%
- Peers 14.8%
- ROCE
- 20.6%
- Peers 15.3%
- Debt to equity
- 0.27
- Debt ₹146 Cr
- EPS (TTM)
- ₹6.73
- Face value ₹1
- OPM (TTM)
- 7.3%
- Net margin 6.1%
- Sales growth
- +30.9%
- Latest quarter vs a year ago
- Profit growth
- +409.0%
- Latest quarter vs a year ago
- Price to sales
- 1.81
- EV/EBITDA 23.8
Strengths and risks
Strengths
- Return on equity of 21.4%.
- Return on capital employed of 20.6%.
- Quarterly profit up 409.0% on a year ago.
- Quarterly sales up 30.9% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 36.5 against an industry P/E of 19.5.
- 33% below its 52-week high.
About Gopal Snacks
Gopal Snacks Limited engages in the manufacturing and marketing of namkeen, gathiya, papad, and western snacks in India and internationally. It offers snack pellets, wafers, beverages, papad, spices, extruded snacks, popcorn, edible oil, wafer biscuits and rolls, papad, besan, nachos, spices, chikki, cupcakes, noodles, rusks, soan papdi, washing and bathing bars, and flour, as well as jaggery. The company offers its products under the Gopal, BONOVA, GOPS,…
- Headquarters
- Rajkot
- Employees
- 3,514
- Sector
- Consumer Defensive
- ISIN
- INE0L9R01028
- Website
- gopalnamkeen.com
Price range
- Avg volume (3M)
- 1.6 L
- 1-year return
- minus 28.7%
- From 52-week high
- minus 32.5%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| GOPALGopal Snacks | 245.64 | minus 1.52% | 3,062 | 36.5 | 5.69 | 20.6% | 21.4% | 7.3% | 2.5% | −13.1% | 0.61% | minus 28.7% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 322 | 370 | 400 | 409 | 422 | |
| 307 | 346 | 369 | 377 | 390 | |
| 15.2 | 24.1 | 30.4 | 31.5 | 31.5 | |
| 4.7% | 6.5% | 7.6% | 7.7% | 7.5% | |
| 0.3 | 0.2 | 0.1 | 3.8 | 0.7 | |
| 2 | 1.9 | 1.1 | 1.8 | 2.9 | |
| 8.2 | 9 | 10.4 | 11.1 | 10.6 | |
| 0.2 | 21.5 | 0.1 | 17.5 | – | |
| 5.5 | 35 | 19.1 | 39.9 | 18.6 | |
| 54.2% | 26.5% | 18.8% | 24.9% | 31.1% | |
| 2.5 | 25.7 | 15.5 | 29.9 | 12.8 | |
| 0.20 | 2.06 | 1.24 | 2.40 | 1.03 |
Profit & loss
- Sales CAGR 3Y
- +2.5%
- Profit CAGR 3Y
- −13.1%
- EPS CAGR 3Y
- −13.1%
- ROE
- 21.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,392 | 1,393 | 1,459 | 1,500 | |
| – | +0.1% | +4.7% | +2.9% | |
| 1,195 | 1,224 | 1,395 | 1,399 | |
| 197 | 168 | 63.4 | 101 | |
| 14.1% | 12.1% | 4.3% | 6.8% | |
| 2.8 | 3.1 | 45.5 | 1 | |
| 10.6 | 4.4 | 3.2 | 6.2 | |
| 37.4 | 35.8 | 33.2 | 38.7 | |
| 0.6 | 0.4 | −45.5 | 41.8 | |
| 152 | 132 | 27 | 99.4 | |
| 26.0% | 24.5% | 29.7% | 25.9% | |
| 112 | 99.6 | 19 | 73.7 | |
| – | minus 11.4% | minus 80.9% | +287.7% | |
| 9.02 | 7.99 | 1.52 | 5.91 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.5 | 12.5 | 12.5 | 12.5 | |
| 278 | 378 | 392 | 466 | |
| 108 | 67.5 | 66.5 | 154 | |
| 62.5 | 80.7 | 65.3 | 81.9 | |
| 461 | 539 | 537 | 715 | |
| 246 | 239 | 271 | 381 | |
| 9.8 | 12.7 | 45.9 | 78.3 | |
| 2.4 | 9 | 4.6 | 4.6 | |
| 28.6 | 13.6 | 0.6 | 0.7 | |
| 175 | 264 | 215 | 250 | |
| 461 | 539 | 537 | 715 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 122 | 68.8 | 68.3 | 46.4 | |
| −50.2 | −4.7 | −82.4 | −126 | |
| −68.8 | −43.6 | −9.9 | 79.7 | |
| 2.5 | 20.5 | −23.9 | 0.1 | |
| −25.4 | −30.5 | −85.2 | −153 | |
| 96.1 | 38.3 | −17 | −106 | |
| – | – | −5.7 | −1.6 |
Shareholding pattern
- Promoters81.45%
- Public18.55%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 81.45% | 18.55% | 0.00 | |
| 30 Jun 2026 | 81.45% | 18.55% | minus 0.01 | |
| 31 Mar 2026 | 81.46% | 18.54% | minus 0.01 | |
| 31 Dec 2025 | 81.47% | 18.53% | 0.00 | |
| 30 Sep 2025 | 81.47% | 18.53% | – |
Major shareholders
Filings & events
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