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Goyal Associates Limited
Goyal Associates Limited, established in 1994, boasts 32 years of expertise in its field. Goyal Associates Limited holds the CIN L74999GJ1994PLC023281 and registration number 23281. It is officially registered under the category of company limited by shares. Its authorized capital has been set at ₹6.40 crore. Paid-up capital currently stands at ₹4.69 crore.
Its core business comprises business activities n.e.c. The firm’s place of registration is Ahmedabad. The official address of incorporation is 401, Phoenix Complex, Waghodia Road, Vadodara, Vadodara, Gujarat, India, 390019. It is officially listed as an active business entity. Its primary communication email is info.goyalass@gmail.com. The leadership team includes Radhika Bathula (CFO) and Raghuram Reddy Bheemidi (CEO).
Company Overview
- CIN
- Date of Incorporation
- 14/10/1994
- Company Status
- Active
- RoC
- Ahmedabad
- Registration Number
- Balance sheet date
- 31/03/2023
- Company Category
- Company limited by shares
- Company Sub Category
- Non-government company
- Listed in Stock Exchange
- Yes
- Class of Company
- Public Limited Company
- LEI Number
- Authorized Capital
- ₹6,40,00,000.00
- Paid up Capital
- ₹4,69,37,500.00
- Activity
- Business activities n.e.c.
- info.goyalass@gmail.com
- PAN
ISIN Numbers
| ISIN | Security | Interest Rate | Maturity Date | FISN | CFI |
|---|---|---|---|---|---|
| IN8912B01023 | GOYAL ASSOCIATES LIMITED EQ NEW FV RE.1/- LISTING/TRDG APRVL AWAITED | - | 12/10/2026 | GOYAL ASSOCIATE/SH VTG | ESVUFN |
| INE912B01032 | GOYAL ASSOCIATES LIMITED EQ NEW FV RE. 1/- | - | 12/10/2026 | GOYAL ASSOCIATE/SH VTG | ESVUFN |
| INE912B13011 | GOYAL ASSOCIATES LIMITED WARRANTS 20SP26 | - | 20/09/2026 | GOYAL ASSOCIATE/WT 20260920 | RWSTCA |
Balance Sheet
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Net PPE | ₹2.80L | ₹4.40L | ₹18.36L | ₹30.01L | ₹0.00L |
| Net Debt | ₹102.60L | ₹90.80L | ₹109.67L | ₹113.68L | ₹0.00L |
| Total Debt | ₹105.20L | ₹105.20L | ₹114.38L | ₹124.23L | ₹0.00L |
| Common Stock | ₹529.40L | ₹529.40L | ₹469.38L | ₹469.38L | ₹0.00L |
| Share Issued | ₹529.38L | ₹529.38L | ₹469.38L | ₹469.38L | ₹0.00L |
| Total Assets | ₹849.90L | ₹847.70L | ₹605.48L | ₹499.85L | ₹0.00L |
| Capital Stock | ₹529.40L | ₹529.40L | ₹469.38L | ₹469.38L | ₹0.00L |
| Long Term Debt | ₹105.20L | ₹105.20L | ₹114.38L | ₹124.23L | ₹0.00L |
| Current Assets | ₹810.10L | ₹803.00L | ₹566.24L | ₹444.01L | ₹0.00L |
| Working Capital | ₹771.40L | ₹755.00L | ₹437.07L | ₹343.98L | ₹0.00L |
| Invested Capital | ₹629.20L | ₹655.60L | ₹439.31L | ₹386.11L | ₹0.00L |
| Common Stock Equity | ₹524.00L | ₹550.40L | ₹324.93L | ₹261.88L | ₹0.00L |
| Net Tangible Assets | ₹515.40L | ₹536.10L | ₹304.85L | ₹236.06L | ₹0.00L |
| Tangible Book Value | ₹515.40L | ₹536.10L | ₹304.85L | ₹236.06L | ₹0.00L |
| Current Liabilities | ₹38.70L | ₹48.00L | ₹129.17L | ₹100.03L | ₹0.00L |
| Long Term Provisions | ₹5.10L | ₹3.10L | ₹1.14L | ₹2.61L | ₹0.00L |
| Stockholders Equity | ₹524.00L | ₹550.40L | ₹324.93L | ₹261.88L | ₹0.00L |
| Other Equity Interest | -₹5.40L | ₹21.00L | -₹144.45L | ₹0.00L | -₹266.31L |
| Total Capitalization | ₹629.20L | ₹655.60L | ₹439.31L | ₹386.11L | ₹0.00L |
| Ordinary Shares Number | ₹529.38L | ₹529.38L | ₹469.38L | ₹469.38L | ₹0.00L |
| Total Non Current Assets | ₹39.80L | ₹44.70L | ₹39.23L | ₹55.83L | ₹0.00L |
| Cash And Cash Equivalents | ₹2.60L | ₹14.40L | ₹4.71L | ₹10.55L | ₹0.00L |
| Other Non Current Liabilities | ₹56.20L | ₹45.50L | -₹0.01L | -₹0.01L | ₹0.00L |
| Goodwill And Other Intangible Assets | ₹8.60L | ₹14.30L | ₹20.08L | ₹25.82L | ₹0.00L |
| Total Equity Gross Minority Interest | ₹524.00L | ₹550.40L | ₹324.93L | ₹261.88L | ₹0.00L |
| Total Liabilities Net Minority Interest | ₹325.90L | ₹297.30L | ₹280.55L | ₹237.97L | ₹0.00L |
| Long Term Debt And Capital Lease Obligation | ₹105.20L | ₹105.20L | ₹114.38L | ₹124.23L | ₹0.00L |
| Cash Cash Equivalents And Short Term Investments | ₹2.60L | ₹14.40L | ₹4.71L | ₹10.55L | ₹0.00L |
| Total Non Current Liabilities Net Minority Interest | ₹287.20L | ₹249.30L | ₹151.38L | ₹137.94L | ₹0.00L |
Cash Flow
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| Free Cash Flow | -₹22.60L | -₹151.70L | -₹5.80L | ₹44.39L | ₹0.00L |
| Changes In Cash | -₹11.90L | ₹9.80L | -₹5.90L | -₹29.28L | ₹0.00L |
| End Cash Position | ₹2.60L | ₹14.50L | ₹4.70L | ₹10.55L | ₹0.00L |
| Financing Cash Flow | ₹10.70L | ₹142.00L | -₹0.10L | -₹73.67L | ₹0.00L |
| Investing Cash Flow | ₹0.00L | ₹19.50L | -₹1.00L | -₹41.42L | ₹0.00L |
| Operating Cash Flow | -₹22.60L | -₹151.70L | -₹4.80L | ₹85.81L | ₹0.00L |
| Beginning Cash Position | ₹14.50L | ₹4.70L | ₹10.60L | ₹39.83L | ₹0.00L |
| Issuance Of Capital Stock | ₹0.00L | ₹150.00L | ₹0.00L | ₹0.00L | ₹0.00L |
Income Statement
| Metric | 31/03/2026 | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 |
|---|---|---|---|---|---|
| EBIT | -₹35.40L | ₹74.30L | ₹83.50L | ₹79.52L | ₹0.00L |
| EBITDA | -₹28.10L | ₹86.50L | ₹101.80L | ₹95.96L | ₹0.00L |
| Basic EPS | -₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income | -₹32.20L | ₹73.80L | ₹63.10L | ₹58.81L | ₹0.00L |
| Diluted EPS | -₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Gross Profit | ₹39.80L | ₹150.90L | ₹179.90L | ₹238.45L | ₹0.00L |
| Pretax Income | -₹29.70L | ₹86.30L | ₹84.10L | ₹71.19L | ₹0.00L |
| Tax Provision | ₹2.50L | ₹12.50L | ₹21.10L | ₹12.39L | ₹0.00L |
| Total Revenue | ₹123.80L | ₹262.60L | ₹375.00L | ₹340.67L | ₹0.00L |
| Cost Of Revenue | ₹84.00L | ₹111.70L | ₹195.10L | ₹102.22L | ₹0.00L |
| Total Expenses | ₹159.20L | ₹188.30L | ₹291.50L | ₹260.94L | ₹0.00L |
| Operating Income | -₹35.40L | ₹74.30L | ₹83.50L | ₹79.73L | ₹0.00L |
| Tax Rate For Calcs | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Normalized EBITDA | -₹33.80L | ₹74.50L | ₹101.80L | ₹95.96L | ₹0.00L |
| Normalized Income | -₹35.62L | ₹63.54L | ₹63.10L | ₹58.81L | ₹0.00L |
| Operating Expense | ₹75.20L | ₹76.60L | ₹96.40L | ₹158.72L | ₹0.00L |
| Operating Revenue | ₹123.80L | ₹262.60L | ₹375.00L | ₹340.67L | ₹0.00L |
| Total Unusual Items | ₹5.70L | ₹12.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Basic Average Shares | ₹644.00L | ₹461.25L | ₹485.38L | ₹469.38L | ₹0.00L |
| Diluted Average Shares | ₹644.00L | ₹527.14L | ₹485.38L | ₹469.38L | ₹0.00L |
| Other Operating Expenses | ₹67.90L | ₹64.40L | ₹78.10L | ₹93.19L | ₹0.00L |
| Reconciled Depreciation | ₹7.20L | ₹12.20L | ₹18.30L | ₹16.44L | ₹0.00L |
| Reconciled Cost Of Revenue | ₹84.00L | ₹111.70L | ₹195.10L | ₹102.22L | ₹0.00L |
| Tax Effect Of Unusual Items | ₹2.28L | ₹1.74L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Common Stockholders | -₹32.20L | ₹73.80L | ₹63.10L | ₹58.81L | ₹0.00L |
| Net Income Continuous Operations | -₹32.20L | ₹73.80L | ₹63.10L | ₹58.81L | ₹0.00L |
| Diluted NIAvailto Com Stockholders | -₹32.20L | ₹73.80L | ₹63.10L | ₹58.81L | ₹0.00L |
| Otherunder Preferred Stock Dividend | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Total Unusual Items Excluding Goodwill | ₹5.70L | ₹12.00L | ₹0.00L | ₹0.00L | ₹0.00L |
| Net Income Including Noncontrolling Interests | -₹32.20L | ₹73.80L | ₹63.10L | ₹58.81L | ₹0.00L |
| Net Income From Continuing And Discontinued Operation | -₹32.20L | ₹73.80L | ₹63.10L | ₹58.81L | ₹0.00L |
| Net Income From Continuing Operation Net Minority Interest | -₹32.20L | ₹73.80L | ₹63.10L | ₹58.81L | ₹0.00L |
Company Performance (FY23–FY26)
₹3.8 Cr₹2.8 Cr₹1.9 Cr₹93.8 L₹0
FY23FY24FY25FY26
Directors
| Appointment | Director name | DIN | Designation | |
|---|---|---|---|---|
| 01/09/2020 | Vuppala Naga Malleswara Rao | 08858080 | Director | View other directorships |
| 09/03/2022 | Harish Sharma | 08779366 | Director | View other directorships |
| 09/03/2022 | Hasmukh Bhudarbhai Prajapati | 08393981 | Director | View other directorships |
| 23/08/2022 | Sanchita Dad | *****6453B | Company Secretary | |
| 24/07/2023 | Radhika Bathula | *****1713F | CFO | |
| 01/06/2024 | Raghuram Reddy Bheemidi | *****2495G | CEO | |
| 05/09/2024 | Pragnaben Lakhubhai Makwana | 08561957 | Director | View other directorships |
Business Network
CompanyDirectorNot on WeeDooBoard seatKey rolePast seatOwnership
Directors 7
- Pragnaben Lakhubhai MakwanaDirector
- Harish SharmaDirector
- Hasmukh Bhudarbhai PrajapatiDirector
- Vuppala Naga Malleswara RaoDirector
- Raghuram Reddy BheemidiCEO
- Radhika BathulaCFO
- Sanchita DadCompany Secretary
Latest Documents
Category:
| Date | Title | Size |
|---|---|---|
| 09/10/2024 | Copy of resolution passed by the company-09102024 | - |
| 09/10/2024 | Copy of written consent given by auditor-09102024 | - |
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Address
401, Phoenix Complex, Waghodia Road, Vadodara, Vadodara, Gujarat, India, 390019
Frequently Asked Questions
What is the incorporation date of Goyal Associates Limited?
The incorporation date of Goyal Associates Limited is 14/10/1994.
What is the authorized share capital and paid-up capital of Goyal Associates Limited?
The authorized share capital of Goyal Associates Limited is ₹6,40,00,000.00. The paid-up capital is ₹4,69,37,500.00.
Who are the current board members & directors of Goyal Associates Limited?
The current board member of Goyal Associates Limited are:
- Vuppala Naga Malleswara Rao
- Harish Sharma
- Hasmukh Bhudarbhai Prajapati
- Pragnaben Lakhubhai Makwana
What is the registered address of Goyal Associates Limited?
The registered address of Goyal Associates Limited is 401, Phoenix Complex, Waghodia Road, Vadodara, Vadodara, Gujarat, India, 390019.
What is the Corporate Identification Number of Goyal Associates Limited?
The Corporate Identification Number of Goyal Associates Limited is L74999GJ1994PLC023281.