
About Gokul Refoils and Solvent Limited
Data last updated:
Gokul Refoils and Solvent Limited is a public limited company based in Sidhpur, Gujarat, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 29 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L15142GJ1992PLC018745. Its GSTIN is 24AAACG8316N1ZG (Gujarat). The company holds 23 GST registrations, of which 3 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532980 and NSE: GOKUL.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹19.8 Cr. It was formerly known as Gokul Refoils and Solvent Private Limited. It is led by directors including Dharmendrasinh Rajput (Managing Director) and Jayendrasinh Pratapsinh Gharia.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at State Highway No 41 Nr. Sujanpura Patia, Sidhpur, Gujarat, India – 384151.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,120.48 Cr, a growth of 17.2% compared to the previous year. For the same year it recorded a net profit of ₹18.48 Cr (net margin 0.4%) and EBITDA of ₹36.28 Cr (EBITDA margin 0.9%). The net worth stands at ₹363.4 Cr (up 5.5% YoY). Total assets are valued at ₹751.9 Cr (up 19.8% YoY).
The company has about 7 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Gokul Agri International and Gokul Group. As per MCA filings, the company has open charges of ₹74.9 Cr and satisfied charges of ₹4,956.84 Cr on record. Court records list 56 cases involving the company, including 31 filed by the company and 25 filed against it; 8 cases are pending. The company has 100 deals on record (96 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹14.95 Cr; the latest was in June 2026. The company has 5 MSME Form 1 returns on record between 2016 and 2019, listing 10 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gokulgroup.com.
Company details
CIN history
Gokul Refoils and Solvent has one previous CIN (Corporate Identification Number): U15142GJ1992PLC018745. The current CIN is L15142GJ1992PLC018745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15142GJ1992PLC018745 | Current |
| U15142GJ1992PLC018745 | Previous |
Contact details
Gokul Refoils and Solvent Limited's registered office is in Sidhpur, Gujarat. Its website is gokulgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressState Highway No 41 Nr. Sujanpura Patia, Sidhpur, Gujarat, India – 384151
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Gokul Refoils and Solvent Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Gokul Refoils and Solvent operates two associated brands: Gokul Agri International and Gokul Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a brand offering high-quality cooking oils for everyday use. | gokulagri.com | |
| Edible and industrial oils are produced and exported globally. | gokulgroup.com |
Business activity
The main business activity of Gokul Refoils and Solvent is manufacturing. In detail, this covers manufacture of food products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products |
To see the full business activity and turnover split of Gokul Refoils and Solvent Limited, buy the company report.
Financials of Gokul Refoils and Solvent Limited
FY 2025-26 filings availableGokul Refoils and Solvent Limited reported revenue of ₹4,120.48 Cr (up 17.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,120 | 3,517 | 3,024 | 3,141 | 3,055 | 2,468 | 2,163 |
| Revenue growth | +17.2% | +16.3% | -3.7% | +2.8% | +23.8% | +14.1% | - |
| EBITDA | 36.28 | 36.34 | 27.85 | 55.81 | 39.46 | 39.93 | 37.78 |
| EBITDA margin | +0.9% | +1.0% | +0.9% | +1.8% | +1.3% | +1.6% | +1.8% |
| Profit before tax | 24.64 | 19.82 | 2.68 | 31.39 | 36.74 | 26.91 | 26.59 |
| Net profit | 18.48 | 13.89 | 2.25 | 23.95 | 26.76 | 20.43 | 19.68 |
| Net profit margin | +0.5% | +0.4% | +0.1% | +0.8% | +0.9% | +0.8% | +0.9% |
| EPS (₹) | 1.87 | 1.50 | 0.18 | 2.44 | 2.68 | 2.07 | 1.50 |
| Balance sheet | |||||||
| Total assets | 752 | 628 | 615 | 755 | 673 | 562 | 538 |
| Net worth | 363 | 345 | 330 | 328 | 304 | 277 | 305 |
| Total debt | 386 | 280 | 282 | 425 | 368 | 283 | 232 |
| Cash & bank | 109 | 58.15 | 72.87 | 116 | 58.17 | 66.35 | 67.63 |
| Net working capital | 505 | 443 | 412 | 531 | 509 | 434 | 405 |
| Cash flow | |||||||
| Cash from operations | 33.83 | 17.07 | 55.59 | 92.02 | (72.29) | 6.27 | 64.97 |
| Cash from investing | (3.10) | (4.79) | 16.79 | (21.89) | (7.38) | 8.91 | 7.70 |
| Cash from financing | 72.51 | (35.44) | (123) | 26.76 | 66.19 | (15.55) | (61.82) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,017 | 1,056 | 1,076 | 1,063 | 926 | 860 | 1,007 | 856 |
| Revenue growth (YoY) | +9.8% | +22.8% | +6.8% | +24.2% | +17.6% | - | - | - |
| Other income | 3.48 | 14.17 | 6.82 | 8.45 | 2.97 | 10.23 | 7.38 | 5.43 |
| EBITDA | 16.58 | 3.44 | 10.61 | 8.35 | 13.86 | 9.34 | 7.04 | 11.57 |
| EBITDA margin | +1.6% | +0.3% | +1.0% | +0.8% | +1.5% | +1.1% | +0.7% | +1.4% |
| Depreciation | 2.78 | 2.73 | 2.74 | 2.76 | 2.71 | 3.02 | 3.80 | 2.09 |
| Interest | 9.29 | 7.26 | 7.40 | 9.64 | 8.81 | 7.79 | 9.13 | 8.52 |
| Profit before tax | 7.99 | 7.62 | 7.29 | 4.40 | 5.31 | 8.76 | 1.49 | 6.39 |
| Tax | 1.90 | 1.79 | 2.05 | 0.88 | 1.45 | 2.11 | 0.90 | 1.25 |
| Net profit | 6.09 | 5.83 | 5.24 | 3.52 | 3.86 | 6.65 | 0.59 | 5.14 |
| EPS (₹) | 0.61 | 0.59 | 0.53 | 0.36 | 0.39 | 0.67 | 0.06 | 0.52 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 746 | 10.57 | 83.71 | 7.43 | 11.42 | 10.03 | 17.59 |
| Revenue growth | +6962.4% | -87.4% | +1026.7% | -34.9% | +13.9% | -43.0% | - |
| EBITDA | (1.81) | (3.78) | (14.84) | (3.38) | (3.56) | (1.94) | 2.04 |
| EBITDA margin | -0.2% | -35.8% | -17.7% | -45.5% | -31.2% | -19.3% | +11.6% |
| Profit before tax | 3.90 | 4.26 | (10.60) | 2.61 | 1.67 | 3.57 | 13.07 |
| Net profit | 3.12 | 3.29 | 9.85 | 2.10 | 1.43 | 2.94 | 7.42 |
| Net profit margin | +0.4% | +31.1% | +11.8% | +28.3% | +12.5% | +29.3% | +42.2% |
| EPS (₹) | 0.32 | 0.34 | (0.79) | 0.21 | 0.14 | 0.30 | 0.56 |
| Balance sheet | |||||||
| Total assets | 215 | 212 | 209 | 216 | 214 | 213 | 258 |
| Net worth | 215 | 212 | 208 | 216 | 214 | 212 | 258 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 8.25 | 0.33 | 0.13 | 0.10 | 0.13 | 0.12 | 8.97 |
| Net working capital | 52.47 | 44.04 | 43.87 | 34.00 | 34.32 | 55.10 | 91.29 |
| Cash flow | |||||||
| Cash from operations | (3.68) | 0.96 | (23.77) | (2.28) | 6.03 | 25.32 | 10.26 |
| Cash from investing | 13.88 | 2.12 | 23.81 | 2.25 | (6.02) | 14.44 | (1.88) |
| Cash from financing | (0.70) | (0.02) | 0.00 | 0.00 | 0.00 | (48.15) | 0.00 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.64 | 41.29 | 279 | 262 | 164 | 3.36 | 6.69 | 0.53 |
| Revenue growth (YoY) | -86.8% | +1128.9% | +4070.9% | - | - | - | - | - |
| Other income | 1.59 | 2.63 | 1.64 | 1.21 | 1.36 | 4.41 | 1.38 | 1.49 |
| Total expenses | 20.73 | 41.65 | 280 | 263 | 165 | 4.19 | 7.67 | 1.51 |
| EBITDA | 0.91 | (0.36) | (0.57) | (0.45) | (0.42) | (0.83) | (0.98) | (0.98) |
| EBITDA margin | +4.2% | -0.9% | -0.2% | -0.2% | -0.3% | -24.7% | -14.6% | -184.9% |
| Depreciation | 0.11 | 0.10 | 0.11 | 0.11 | 0.11 | 0.10 | 0.11 | 0.11 |
| Interest | 0.62 | 0.05 | 0.04 | 0.32 | 0.28 | 0.00 | 0.02 | 0.00 |
| Profit before tax | 1.77 | 2.12 | 0.92 | 0.33 | 0.55 | 3.48 | 0.27 | 0.40 |
| Tax | 0.42 | 0.39 | 0.36 | (0.09) | 0.12 | 0.75 | 0.19 | (0.06) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,017 | 1,056 | 1,076 | 1,063 | 926 | 860 | 1,007 | 856 |
| Revenue growth (YoY) | +9.8% | +22.8% | +6.8% | +24.2% | +17.6% | - | - | - |
| Other income | 3.48 | 14.17 | 6.82 | 8.45 | 2.97 | 10.23 | 7.38 | 5.43 |
| EBITDA | 16.58 | 3.44 | 10.61 | 8.35 | 13.86 | 9.34 | 7.04 | 11.57 |
| EBITDA margin | +1.6% | +0.3% | +1.0% | +0.8% | +1.5% | +1.1% | +0.7% | +1.4% |
| Depreciation | 2.78 | 2.73 | 2.74 | 2.76 | 2.71 | 3.02 | 3.80 | 2.09 |
| Interest | 9.29 | 7.26 | 7.40 | 9.64 | 8.81 | 7.79 | 9.13 | 8.52 |
| Profit before tax | 7.99 | 7.62 | 7.29 | 4.40 | 5.31 | 8.76 | 1.49 | 6.39 |
| Tax | 1.90 | 1.79 | 2.05 | 0.88 | 1.45 | 2.11 | 0.90 | 1.25 |
| Net profit | 6.09 | 5.83 | 5.24 | 3.52 | 3.86 | 6.65 | 0.59 | 5.14 |
| EPS (₹) | 0.61 | 0.59 | 0.53 | 0.36 | 0.39 | 0.67 | 0.06 | 0.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,120 | 3,517 | 3,024 | 3,141 | 3,055 | 2,468 | 2,163 |
| Revenue growth | +17.2% | +16.3% | -3.7% | +2.8% | +23.8% | +14.1% | - |
| Other income | 32.40 | 28.45 | 18.50 | 10.35 | 21.48 | 12.38 | 22.94 |
| Total expenses | 4,084 | 3,481 | 2,997 | 3,086 | 3,016 | 2,428 | 2,125 |
| Employee cost | 0.00 | 20.59 | 19.49 | 18.06 | 16.09 | 14.00 | 14.22 |
| EBITDA | 36.28 | 36.34 | 27.85 | 55.81 | 39.46 | 39.93 | 37.78 |
| EBITDA margin | +0.9% | +1.0% | +0.9% | +1.8% | +1.3% | +1.6% | +1.8% |
| Depreciation | 10.93 | 11.60 | 10.37 | 7.69 | 6.24 | 5.35 | 5.56 |
| Interest | 33.11 | 33.37 | 33.30 | 27.08 | 17.96 | 20.05 | 28.57 |
| Profit before tax | 24.64 | 19.82 | 2.68 | 31.39 | 36.74 | 26.91 | 26.59 |
| Tax | 6.16 | 5.02 | 0.86 | 7.24 | 10.22 | 6.44 | 6.79 |
| Net profit | 18.48 | 13.89 | 2.25 | 23.95 | 26.76 | 20.43 | 19.68 |
| Net profit margin | +0.5% | +0.4% | +0.1% | +0.8% | +0.9% | +0.8% | +0.9% |
| EPS (₹) | 1.87 | 1.50 | 0.18 | 2.44 | 2.68 | 2.07 | 1.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 26.38 |
| Reserves & surplus | 344 | 325 | 310 | 308 | 284 | 258 | 279 |
| Shareholders' funds (net worth) | 363 | 345 | 330 | 328 | 304 | 277 | 305 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 12.03 | 31.68 | 24.95 | 37.58 | 73.06 | 43.49 | 29.58 |
| Unsecured loans | 374 | 249 | 258 | 387 | 294 | 240 | 202 |
| Total debt | 386 | 280 | 282 | 425 | 368 | 283 | 232 |
| Total liabilities | 752 | 628 | 615 | 755 | 673 | 562 | 538 |
| Assets | |||||||
| Gross block | 180 | 171 | 156 | 148 | 113 | 104 | 92.53 |
| Net block | 111 | 113 | 108 | 109 | 84.16 | 79.73 | 72.59 |
| Capital work in progress | 0.47 | 0.28 | 6.77 | 2.41 | 2.10 | 2.26 | 2.23 |
| Investments | 106 | 42.86 | 59.72 | 73.57 | 33.37 | 23.85 | 39.01 |
| Inventories | 187 | 220 | 211 | 246 | 338 | 280 | 162 |
| Sundry debtors | 210 | 160 | 130 | 138 | 167 | 107 | 87.38 |
| Cash & bank balances | 109 | 58.15 | 72.87 | 116 | 58.17 | 66.35 | 67.63 |
| Loans & advances | 154 | 144 | 120 | 116 | 111 | 120 | 143 |
| Total current assets | 661 | 581 | 534 | 617 | 675 | 574 | 460 |
| Total current liabilities | 156 | 138 | 123 | 85.26 | 166 | 140 | 54.89 |
| Net working capital | 505 | 443 | 412 | 531 | 509 | 434 | 405 |
| Total assets | 752 | 628 | 615 | 755 | 673 | 562 | 538 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 33.17 | 56.33 | 107 | 10.10 | 23.58 | 23.95 | 13.59 |
| Net cash from operating activities | 33.83 | 17.07 | 55.59 | 92.02 | (72.29) | 6.27 | 64.97 |
| Net cash from investing activities | (3.10) | (4.79) | 16.79 | (21.89) | (7.38) | 8.91 | 7.70 |
| Net cash from financing activities | 72.51 | (35.44) | (123) | 26.76 | 66.19 | (15.55) | (61.82) |
| Net change in cash | 103 | (23.16) | (50.66) | 96.89 | (13.48) | (0.37) | 10.84 |
| Closing cash | 109 | 58.15 | 72.87 | 116 | 58.17 | 66.35 | 67.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +17.2% | +16.3% | -3.7% | +2.8% | +23.8% | +14.1% | - |
| EBITDA growth | -0.2% | +30.5% | -50.1% | +41.4% | -1.2% | +5.7% | - |
| PBT growth | +24.3% | +639.6% | -91.5% | -14.6% | +36.5% | +1.2% | +41.4% |
| Net income growth | +33.1% | +517.3% | -90.6% | -10.5% | +31.0% | +3.8% | - |
| Revenue CAGR (3Y) | +9.5% | +4.8% | +7.0% | +13.2% | +11.6% | +7.5% | +5.2% |
| EBITDA CAGR (3Y) | -13.4% | -2.7% | -11.3% | +13.9% | +5.7% | - | +10.3% |
| Profitability & leverage | |||||||
| Net income margin | +0.5% | +0.4% | +0.1% | +0.8% | +0.9% | +0.8% | +0.9% |
| Return on capital employed | - | +8.6% | +7.7% | +8.2% | +8.9% | +8.5% | +10.1% |
| Return on net worth | - | +4.4% | +0.7% | +7.6% | +9.1% | +7.0% | +6.7% |
| Debt / equity | - | 0.83 | 1.07 | 1.25 | 1.12 | 0.88 | 0.84 |
| Long-term debt / equity | - | 0.05 | 0.06 | 0.03 | 0.00 | 0.00 | 0.00 |
| Interest cover | 130.61 | 134.88 | 190.50 | 56.28 | 54.06 | 57.98 | 88.67 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 21.48 | 19.91 | 24.06 | 28.05 | 25.13 | 24.81 |
| Inventory turnover | - | 16.31 | 13.21 | 10.75 | 9.88 | 11.17 | 14.30 |
| Debtors turnover | - | 24.31 | 22.56 | 20.55 | 22.27 | 25.40 | 22.50 |
| EPS (₹) | 1.87 | 1.50 | 0.18 | 2.44 | 2.68 | 2.07 | 1.50 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 34.81 | 33.33 | 33.15 | 30.70 | 28.01 | 23.12 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.64 | 41.29 | 279 | 262 | 164 | 3.36 | 6.69 | 0.53 |
| Revenue growth (YoY) | -86.8% | +1128.9% | +4070.9% | - | - | - | - | - |
| Other income | 1.59 | 2.63 | 1.64 | 1.21 | 1.36 | 4.41 | 1.38 | 1.49 |
| Total expenses | 20.73 | 41.65 | 280 | 263 | 165 | 4.19 | 7.67 | 1.51 |
| EBITDA | 0.91 | (0.36) | (0.57) | (0.45) | (0.42) | (0.83) | (0.98) | (0.98) |
| EBITDA margin | +4.2% | -0.9% | -0.2% | -0.2% | -0.3% | -24.7% | -14.6% | -184.9% |
| Depreciation | 0.11 | 0.10 | 0.11 | 0.11 | 0.11 | 0.10 | 0.11 | 0.11 |
| Interest | 0.62 | 0.05 | 0.04 | 0.32 | 0.28 | 0.00 | 0.02 | 0.00 |
| Profit before tax | 1.77 | 2.12 | 0.92 | 0.33 | 0.55 | 3.48 | 0.27 | 0.40 |
| Tax | 0.42 | 0.39 | 0.36 | (0.09) | 0.12 | 0.75 | 0.19 | (0.06) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 746 | 10.57 | 83.71 | 7.43 | 11.42 | 10.03 | 17.59 |
| Revenue growth | +6962.4% | -87.4% | +1026.7% | -34.9% | +13.9% | -43.0% | - |
| Other income | 6.83 | 8.51 | 4.78 | 6.64 | 5.89 | 6.00 | 11.27 |
| Total expenses | 748 | 14.35 | 98.55 | 10.81 | 14.98 | 11.97 | 15.55 |
| Employee cost | 0.00 | 2.76 | 2.64 | 2.36 | 1.98 | 1.86 | 2.18 |
| EBITDA | (1.81) | (3.78) | (14.84) | (3.38) | (3.56) | (1.94) | 2.04 |
| EBITDA margin | -0.2% | -35.8% | -17.7% | -45.5% | -31.2% | -19.3% | +11.6% |
| Depreciation | 0.42 | 0.45 | 0.53 | 0.65 | 0.66 | 0.49 | 0.23 |
| Interest | 0.70 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Profit before tax | 3.90 | 4.26 | (10.60) | 2.61 | 1.67 | 3.57 | 13.07 |
| Tax | 0.78 | 0.90 | (2.80) | 0.51 | 0.24 | 0.62 | 5.65 |
| Net profit | 3.12 | 3.29 | 9.85 | 2.10 | 1.43 | 2.94 | 7.42 |
| Net profit margin | +0.4% | +31.1% | +11.8% | +28.3% | +12.5% | +29.3% | +42.2% |
| EPS (₹) | 0.32 | 0.34 | (0.79) | 0.21 | 0.14 | 0.30 | 0.56 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 19.80 | 26.38 |
| Reserves & surplus | 195 | 192 | 188 | 196 | 194 | 193 | 231 |
| Shareholders' funds (net worth) | 215 | 212 | 208 | 216 | 214 | 212 | 258 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 215 | 212 | 209 | 216 | 214 | 213 | 258 |
| Assets | |||||||
| Gross block | 13.55 | 13.54 | 14.24 | 14.44 | 14.44 | 14.53 | 8.20 |
| Net block | 10.45 | 10.86 | 11.47 | 12.00 | 12.65 | 13.35 | 7.51 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.56 | 2.23 |
| Investments | 118 | 112 | 106 | 116 | 115 | 106 | 121 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.74 | 0.05 | 0.21 | 0.32 | 0.21 | 1.04 | 7.23 |
| Cash & bank balances | 8.25 | 0.33 | 0.13 | 0.10 | 0.13 | 0.12 | 8.97 |
| Loans & advances | 44.89 | 44.15 | 44.54 | 43.83 | 43.94 | 64.25 | 86.21 |
| Total current assets | 53.88 | 44.53 | 44.88 | 44.25 | 44.28 | 65.41 | 102 |
| Total current liabilities | 1.41 | 0.49 | 1.01 | 10.25 | 9.96 | 10.31 | 11.12 |
| Net working capital | 52.47 | 44.04 | 43.87 | 34.00 | 34.32 | 55.10 | 91.29 |
| Total assets | 215 | 212 | 209 | 216 | 214 | 213 | 258 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.19 | 0.13 | 0.10 | 0.13 | 0.12 | 8.51 | 0.12 |
| Net cash from operating activities | (3.68) | 0.96 | (23.77) | (2.28) | 6.03 | 25.32 | 10.26 |
| Net cash from investing activities | 13.88 | 2.12 | 23.81 | 2.25 | (6.02) | 14.44 | (1.88) |
| Net cash from financing activities | (0.70) | (0.02) | 0.00 | 0.00 | 0.00 | (48.15) | 0.00 |
| Net change in cash | 9.50 | 3.06 | 0.03 | (0.03) | 0.02 | (8.40) | 8.39 |
| Closing cash | 8.25 | 0.33 | 0.13 | 0.10 | 0.13 | 0.12 | 8.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6962.4% | -87.4% | +1026.7% | -34.9% | +13.9% | -43.0% | - |
| EBITDA growth | +52.1% | +74.5% | -339.1% | +5.1% | -83.5% | -195.1% | - |
| PBT growth | -8.5% | +9998.0% | - | +56.3% | -53.2% | -72.7% | +214.2% |
| Net income growth | -5.2% | -66.6% | +369.1% | +46.9% | -51.4% | -60.4% | - |
| Revenue CAGR (3Y) | +364.9% | -2.6% | +102.8% | -25.0% | +12.4% | -62.3% | -57.7% |
| EBITDA CAGR (3Y) | -18.8% | +2.0% | +97.0% | - | -19.7% | -65.6% | - |
| Profitability & leverage | |||||||
| Net income margin | +0.4% | +31.8% | -9.3% | +28.3% | +12.5% | +29.4% | +42.2% |
| Return on capital employed | - | +2.0% | +3.3% | +1.2% | +0.8% | +1.5% | +5.1% |
| Return on net worth | - | +1.6% | +4.7% | +1.0% | +0.7% | +1.3% | +2.9% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -31.39 | -0.47 | -0.07 | 0.00 | 0.00 | 0.00 | 0.55 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.77 | 5.84 | 0.51 | 0.79 | 0.88 | 3.68 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 81.31 | 315.89 | 28.04 | 18.27 | 2.43 | 4.85 |
| EPS (₹) | 0.32 | 0.34 | (0.79) | 0.21 | 0.14 | 0.30 | 0.56 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 21.37 | 21.03 | 21.82 | 21.61 | 21.46 | 19.54 |
To see the full year-wise statements and ratios of Gokul Refoils and Solvent Limited, buy the company report.
Board of directors of Gokul Refoils and Solvent Limited
Gokul Refoils and Solvent has 6 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayendrasinh Pratapsinh Gharia | Director | 09 Nov 2021 | 5 Years 0 Months | Current |
| Dharmendrasinh Rajput Also directs: Gokul Agri International Limited, Banas Agromarket Infrastructure LLP, G Kart Tradelink LLP and 5 more | Managing Director | 10 Jun 2016 | 10 Years 4 Months | Current |
| Shaunak Bhikhalal Mandalia Also directs: Gokul Agri International Limited, Gokul Overseas (India) Limited, Professional Commodity Services Private Limited and 4 more | Director | 20 Jan 2020 | 6 Years 9 Months | Current |
| Pankaj Granthsingh Kumar Also directs: Gokul Agri International Limited, Green Dot Agro Private Limited | Director | 01 Aug 2025 | 1 Years 3 Months | Current |
| Arjunsinh Rajput Also directs: Gokul Agri International Limited, Banas Agromarket Infrastructure LLP, G Kart Tradelink LLP and 5 more | Director | 28 May 2025 | 1 Years 5 Months | Current |
| Chetna Rahul Vyas | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Gokul Refoils and Solvent Limited is audited by M. R. PANDHI & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. R. PANDHI & ASSOCIATES | FY 2025 | 112360W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 73.60%, foreign institutional investors hold 0.80%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 73.60% | 73.50% | 72.80% | 72.80% |
| Public | 26.40% | 26.50% | 27.20% | 27.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101145447 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 08 Apr 2025 | 101093098 | Hdfc Bank Limited | ₹34.9 Cr | Open | |
| 29 Jul 2011 | 10303161 | State Bank of India | ₹1,023.79 Cr | Satisfied | |
| 14 Jul 2010 | 10237242 | Bank of India | ₹100 Cr | Satisfied | |
| 28 Jun 2010 | 10228625 | Development Credit Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Gokul Refoils and Solvent Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Gokul Refoils and Solvent Limited has 100 deals on record (96 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹14.95 Cr; the latest was in June 2026.
Deals on record (5 of 100)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹2.06 Cr | Buyer: an individual Seller: Marwadi Shares and Finance Limited |
| Jun 2024 | Market trade | ₹2.32 Cr | Seller: Marwadi Chandarana Intermediaries Brokers Private Limited |
| Jun 2024 | Market trade | ₹4.38 Cr | Buyer: an individual Seller: Marwadi Chandarana Intermediaries Brokers Private Limited |
| Jan 2024 | Market trade | ₹5.88 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2023 | Market trade | ₹8.15 Cr | Buyer: BR Agritrade Private Limited , Graviton Research Capital LLP Seller: Anand Rathi Global Finance Limited , Graviton Research Capital LLP |
To see the full deal history of Gokul Refoils and Solvent Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gokul Refoils and Solvent Limited has 56 court cases on record: 31 filed by Gokul Refoils and Solvent, 25 filed against it. 8 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 15 | 4 |
| High courts | 27 | 9 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Ms. Jayesh Oil Trade Pvt. Ltd. and 3 others | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Acid India | Pending |
| High Court, West Bengal | Writ petition | Filed by the company against The State of West Bengal and Ors | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Income Tax Circle Gandhinagar | Pending |
To see the full case history of Gokul Refoils and Solvent Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Gokul Refoils and Solvent Limited was last rated by Crisil on 19 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Oct 2021 |
To see the full credit ratings and regulatory alerts of Gokul Refoils and Solvent Limited, buy the company report.
MSME payment delays
Gokul Refoils and Solvent Limited has 5 MSME Form 1 returns on record between 2016 and 2019, listing 10 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hardik Brokers | |||
| Dalal Kantilal & Co | |||
| Saraogi Udyog Private Limited | |||
| Road Cargo Movers Pvt Ltd |
To see the full MSME payment records of Gokul Refoils and Solvent Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Gokul Refoils and Solvent has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gokul Agri International Limited | U15143GJ2014PLC079574 |
To see the full group structure of Gokul Refoils and Solvent Limited, buy the company report.
Employees & EPFO
Gokul Refoils and Solvent Limited has a workforce of 7 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Gokul Refoils and Solvent has 23 GST registrations: 3 active and 20 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG8316N1ZG | Gujarat | Active | 01 Jul 2017 |
| 18AAACG8316N1Z9 | Assam | Active | 01 Jul 2017 |
| 19AAACG8316N1Z7 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gokul Refoils and Solvent Limited, buy the company report.
Recent activity
Gokul Refoils and Solvent Limited has 43 board changes on record since 1992: 25 appointments and 18 cessations. The latest: Parth Pareshbhai Shah ceased to be Director on 25 Nov 2025.
74 earlier events are in the company report.
News
Frequently asked questions
Gokul Refoils and Solvent is an active public limited company based in Sidhpur, Gujarat, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 29 December 1992 (34+ years old) and is registered under CIN L15142GJ1992PLC018745. Listed on BSE: 532980 and NSE: GOKUL.
Gokul Refoils and Solvent reported revenue of ₹4,120.48 Cr for FY 2025-26 (up 17.2% YoY) based on consolidated financials.
Gokul Refoils and Solvent has 6 current directors:
- Dharmendrasinh Rajput - Managing Director
- Jayendrasinh Pratapsinh Gharia - Director
- Shaunak Bhikhalal Mandalia - Director
- Pankaj Granthsingh Kumar - Director
- Arjunsinh Rajput - Director
- Chetna Rahul Vyas - Director
The latest financial statements of Gokul Refoils and Solvent on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gokul Refoils and Solvent is 24AAACG8316N1ZG, registered in Gujarat. The company has 23 GST registrations in all, of which 3 are active and 20 are cancelled or inactive. Other active GSTINs include 18AAACG8316N1Z9 (Assam), 19AAACG8316N1Z7 (West Bengal).
The CIN (Corporate Identification Number) of Gokul Refoils and Solvent is L15142GJ1992PLC018745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Gokul Refoils and Solvent is a listed company as per MCA records. Its shares are listed on both BSE (code: 532980) and NSE (symbol: GOKUL).
Gokul Refoils and Solvent has 56 court cases on record: 31 filed by the company and 25 filed against it. 8 are pending. Most are in the district courts.
Gokul Refoils and Solvent was incorporated on 29 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gokul Refoils and Solvent has 100 deals on record (96 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹14.95 Cr; the latest was in June 2026.
Parth Pareshbhai Shah ceased to be Director on 25 Nov 2025. Pankaj Granthsingh Kumar was appointed as Director on 01 Aug 2025. Samkit Deveshkumar Parikh was appointed as CFO on 09 Jun 2025. Gokul Refoils and Solvent has 43 board changes on record in total.

