Goa Carbon Share Price

Goa Carbon Limited manufactures, markets, and sells calcined petroleum coke in India. It serves aluminum, graphite, electrode, foundry, glass, carbon paste, steel, titanium dioxide, metallurgical and chemical, and cathodic protection and brake linings/friction industries, as well as electrode manufacturers.

Goa Carbon share price today on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Goa Carbon price often mirrors shifts in demand from downstream aluminium and graphite industries, pricing power in calcined petroleum coke, and investor outlook on India’s carbon and petrochemicals sector growth prospects. Factors such as capacity utilization rates at manufacturing facilities, expansion into new product categories, competitive intensity from organized and unorganized players, and fluctuations in raw material costs influence near-term valuation and medium-term earnings expectations. All these factors must be closely monitored to have an idea about the Goa Carbon stock price movements.

Goa Carbon live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Goa Carbon live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Goa Carbon share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Goa Carbon Limited Company Fundamentals

a. Company Background

Goa Carbon Limited was incorporated on 22nd June 1967 and has its registered office in Panaji, Goa, India. The company was originally promoted as a public limited company under the aegis of the reputed Dempo Business House. It was established with the object of manufacturing calcined, refined, processed and dealing in raw and calcined petroleum coke and other by-products, and to utilise the waste gases for industrial uses. The company is engaged in the manufacture and sale of calcined petroleum coke (CPC). The Company’s primary calcination unit is located in Salcete, Goa. Additionally, the company has manufacturing plants operating at Bilaspur in Chhattisgarh and Paradeep in Odisha with a combined annual capacity of 308,000 tonnes. The company is a supplier to aluminium smelters, graphite electrode and titanium dioxide manufacturers, as well as to various metallurgical and chemical industries in India and overseas. The company’s wholly owned subsidiary, Paradeep Carbons Limited, was merged with the company through a Scheme of Amalgamation in 2006. The company’s Equity Shares were listed on the National Stock Exchange of India Limited (NSE) effective from June 5, 2007.

b. Product Lines

• Calcined Petroleum Coke (CPC): The core product manufactured by converting Green Petroleum Coke (GPC) by removing moisture and volatile matter at extremely high temperatures; serves as vital raw material for aluminium smelters, graphite electrode, titanium dioxide, and refractories

• gcarb+: Branded recarburiser and carbon additive product launched in 2024 for steel and foundry sectors

• Recarburiser: Used in steel manufacturing for carbon addition

• Ladle Additive: Used in metallurgical processes

• Carbon Raiser: Used in various industrial applications

• Scrap: By-product from the calcination process

• Pig Iron: The company had previously installed a pig iron plant, but the project was later transferred to Aparant Iron and Steel Pvt. Ltd.

c. Company Revenue Model

• Primary revenue from the sale of calcined petroleum coke (CPC) to domestic and international customers

• Revenue from both project-based contracts and long-term supply agreements with industrial clients

• Export-focused revenue generation with a significant portion of revenue coming from international markets

• Distribution through direct sales to industrial customers across aluminium, graphite, steel, foundry, glass, titanium dioxide, and metallurgical sectors

• Revenue from both commodity CPC sales and higher-margin branded products like gcarb+

• Capacity utilization-driven revenue model with flexibility to adjust production mix based on market demand

• Revenue diversification across multiple customer segments including aluminium smelters, graphite electrode manufacturers, and titanium dioxide producers

• Long-term relationships with industrial clients ensuring repeat business

• Port facilities at Mormugao in Goa and Paradeep in Odisha allowing export of calcined petcoke and import of green coke

d. Geographic Presence

• Strong presence across India with corporate headquarters and registered office in Panaji, Goa

• Manufacturing facilities located in Salcete, Goa; Bilaspur, Chhattisgarh; and Paradeep, Odisha

• Combined production capacity of 308,000 tonnes per annum across three plants

• Extensive distribution network covering major industrial hubs across India

• Key export markets include international destinations across various regions

• Port facilities at Mormugao in Goa and Paradeep in Odisha facilitating exports

• Growing international footprint through established distributor relationships and direct customer partnerships

• Focus on expanding presence in emerging markets with rising aluminium and steel demand

• Domestic market contributes significantly to total revenue, with exports also forming a notable portion

• Wholly owned overseas subsidiary GCL GLOBAL RESOURCES SGP PTE. LTD in Singapore to broaden international operations

e. Key Milestones

• 1967: Incorporated on 22nd June 1967 at Goa; object is to manufacture calcined petroleum coke

• 1971: 1,98,500 equity shares issued to promoters, directors, and associates

• 1972: Entered into collaboration agreement with India Carbon Ltd. for construction and establishment of a plant for manufacture of calcined petroleum coke

• 1973: Entered into technical services agreement with India Carbon Ltd.; 4,50,000 equity and 25,000 preference shares issued to the public

• 1982: Signed technical collaboration agreement with Alcan International Ltd., Canada for introducing blower technology for process improvement

• 1992: 11,50,000 bonus shares issued in proportion 1:1

• 1995: Commenced production of calcined petroleum coke (CPC); installed a pig iron plant at an estimated cost of Rs 72 crore

• 1999-2000: Acquired 100% equity shares of Vishwalakshmi Petro Products Ltd. (VPPL), a CPC manufacturing company

• 2004: Paradeep Carbon Ltd., a 100% subsidiary, won annual order from NALCO to supply 30,000 MT of CPC worth Rs 369.15 million

• 2006: Paradeep Carbons Limited merged with the company through Scheme of Amalgamation

• 2007: Equity Shares listed on National Stock Exchange of India Limited (NSE) effective June 5

• 2009: Incorporated overseas 100% subsidiary “GCL GLOBAL RESOURCES SGP PTE. LTD” at Singapore

• 2024: Launched first branded product ‘gcarb+’ for recarburiser and carbon additive markets

f. Industry Perspective

Goa Carbon operates in the calcined petroleum coke and carbon black industry. Globally, the calcined petroleum coke market is a significant segment within the broader carbon and graphite materials sector, driven by demand from aluminium smelting, steel manufacturing, and graphite electrode production. In India, the CPC market is growing steadily, supported by the expansion of the domestic aluminium and steel industries. The Indian aluminium industry, one of the largest consumers of CPC, is projected to grow at a healthy CAGR, driven by infrastructure development and automotive demand. The Indian calcined petroleum coke market size was valued at approximately USD 600–700 million in 2025 and is projected to grow at a CAGR of 5–7% over the next five years. The country’s aluminium production capacity is expected to increase significantly, boosting demand for CPC. The steel industry, another key consumer of CPC for recarburising applications, is also expanding, with India targeting 300 million tonnes of steel production capacity by 2030. The market is also witnessing trends towards higher quality CPC for specialized applications. With continued growth in downstream industries and increasing export opportunities, the industry is poised for sustained expansion in the coming decade.

Goa Carbon Limited Stock Market Presence: Listings & Index Representation

Goa Carbon is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol GOACARBON and on the Bombay Stock Exchange (BSE) with the scrip code 509567. The listing on both exchanges ensures that the Goa Carbon share price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company forms part of several benchmark indices that represent broad market segments. Goa Carbon is included in indices such as BSE SmallCap, BSE 500, BSE AllCap, BSE Industrials, Nifty Microcap 250, and sector-specific indices including BSE Commodities. These index participations signal the company’s relevance within market categories that attract both active and passive investment flows. Being represented in multiple indices enhances the visibility and liquidity of the Goa Carbon stock price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s carbon and petrochemicals landscape. The inclusion of Goa Carbon in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the stock price to corporate and industry developments.

Goa Carbon Limited Stock Performance and Share Price History

The Goa Carbon share price has displayed directional trends shaped by structural industry shifts and broader economic cycles. Over multiple periods, the Goa Carbon price has responded to phases of industrial demand growth, where periods of strengthening demand from aluminium smelters and steel manufacturers have supported upward price movement. Conversely, phases of slower industrial activity, elevated raw material costs such as green petroleum coke, or subdued export demand have coincided with moderation or consolidation in the Goa Carbon stock price, reflecting the sensitivity of investor sentiment to external economic rhythms.

Sector influences have played a prominent role in steering the Goa Carbon price over different cycles. When the aluminium and steel sectors experienced heightened demand post-pandemic and favourable industrial output growth, the Goa Carbon price tended to follow an upward trajectory, suggesting that market participants incorporated optimism around earnings prospects into valuation expectations. In contrast, when inflationary pressures on raw materials or competitive intensity from emerging players emerged, the Goa Carbon price exhibited a more muted direction, indicating caution among investors. The Goa Carbon share price showed strong positive momentum in calendar year 2022, delivering a substantial return of over 35%, followed by corrective phases in subsequent periods as the sector faced demand normalization.

Corporate developments, including strategic announcements, product portfolio expansions into branded products like gcarb+, and regulatory updates on environmental compliance, have also influenced short term fluctuations in the Goa Carbon share price. Announcements related to enhancements in production capacity or diversification into new product categories have coincided with phases of positive sentiment, nudging the Goa Carbon share price higher as confidence in future cash flows improved. On the other hand, industry headwinds from intense competition or cost volatility have contributed to intermittent Goa Carbon stock price moderation. The Goa Carbon share price recorded a strong rally in 2022, delivering substantial positive returns, while the subsequent three-year period through 2025 saw the Goa Carbon stock price correct significantly, underperforming its sectoral benchmark.

Historical cycles of the Goa Carbon share price reflect both local industrial factors and global commodity dynamics. Periods where export demand strengthened, or where the company’s product lines gained traction in international markets, saw the Goa Carbon share price trend more positively. In contrast, times characterised by input cost inflation for green petroleum coke or uncertain demand outlooks due to macroeconomic headwinds often saw the Goa Carbon stock price move sideways or correct, indicating that investors balanced micro level performance with macroeconomic headwinds. The Goa Carbon share price exhibited a strong positive annual return of over 35% in 2022, followed by negative annual returns in subsequent years, with the stock delivering a negative return of over 39% in 2025.

Market psychology around the Goa Carbon price also incorporates reactions to quarterly earnings narratives, where multi period earnings improvements have tended to bolster sentiment, whereas earnings moderation phases contributed to more tempered price direction. In this way, both structural growth drivers and cyclical influences interact to shape a nuanced history of Goa Carbon share price behaviour. The Goa Carbon stock price has shown a long-term compounded annual return of over 14% over ten years, though this has moderated relative to its sector index in recent periods. The Goa Carbon share price reached a 52-week high level before declining to a 52-week low, reflecting the volatility inherent in the carbon and petrochemicals space. Comprehending these patterns in the Goa Carbon share price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Goa Carbon stock price movements illustrate how industry fundamentals, demand cycles, and investor expectations converge in market pricing.

Goa Carbon Limited Investor Relevance and Role in Portfolio

Goa Carbon holds a distinctive position for portfolio investors who seek exposure to the Indian carbon and petrochemicals sector with a focus on the calcined petroleum coke segment. The company’s diversified product mix across CPC and branded recarburisers aligns it with investment strategies that value both domestic industrial consumption and gradual global market penetration. The Goa Carbon share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor industrial production indicators and capacity utilization rates when evaluating allocation decisions.

Institutional stakeholders play a significant role in Goa Carbon’s ownership profile, with notable long term investment entities such as V. S. Dempo Holdings Private Limited as the key promoter holding approximately 50.69%. Promoters hold approximately 59.72% of the company’s equity. Mutual funds do not hold any stake in the company. Foreign Institutional Investors (FIIs) hold approximately 0.01% of the company’s equity. Other domestic institutions hold approximately 0.02%. These investors represent a blend of domestic and international perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

The beta history for Goa Carbon, which measures volatility relative to broader market movements, shows variation across different time frames. Based on data, the long-term monthly beta calculated over a four-year period has been recorded at an elevated level of 1.85, suggesting that over longer intervals, the stock has exhibited significantly higher volatility than the broader market. However, shorter-term beta dynamics can signal different characteristics. The daily beta over a one-month range is lower at 0.498, while the daily beta over a three-month range is higher at 2.01. The weekly beta over a one-year range is 0.710, while the weekly beta over a two-year range is 1.64. The Goa Carbon share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Goa Carbon stock price’s beta reflects that the company’s established market position may provide some cushion against extreme volatility, though the carbon sector remains sensitive to raw material price fluctuations and industrial demand cycles. The Goa Carbon share price continues to be monitored by investors.

Goa Carbon Limited Sectoral Relevance and Peer Positioning

The sector relevance of Goa Carbon is anchored in its role within the broader Indian carbon and petrochemicals industry, where it competes with other diversified carbon product manufacturers. As part of this industry, the company’s strategic positioning connects calcined petroleum coke, recarburisers, and other carbon additives that serve multiple industrial end-user segments. Competitors in adjacent and overlapping segments include companies such as Graphite India Limited, HEG Limited, Rain Industries Limited, Phillips Carbon Black Limited, and Birla Carbon. Firms with parallels in either product complexity or end-market exposure are often referenced when evaluating relative performance and operational positioning within the sector.

• Market Cap History: Over the last ten years, Goa Carbon market cap has shown a pattern of significant growth followed by recent decline. The company’s market value has seen a substantial increase from fiscal year 2015 through fiscal year 2023, representing a total increase of over 1,200% with a ten-year return of 1,216.29%. A significant peak in market cap was observed around fiscal year 2023. Subsequently, from fiscal year 2024 through the most recent period, the market cap has shown a declining trend, contracting from its peak levels. This decrease mirrors the correction in the Goa Carbon share price and the broader challenges faced by the carbon sector.
• Earnings History: The earnings history of Goa Carbon over the past ten years has been characterised by a period of volatility followed by recent deterioration. For several years, net profit showed a fluctuating trend, with reported net profit showing increases and decreases across different fiscal years. A peak in Goa Carbon earnings was recorded in fiscal year 2023. Subsequently, Goa Carbon earnings have shown a declining trend, with net profit moderating significantly in fiscal year 2024 and turning negative in fiscal year 2025. This recent earnings decline reflects the impact of demand normalization, increased competitive intensity, and raw material cost pressures on the company’s profitability.
• EPS History: The Earnings Per Share (EPS) history for Goa Carbon has shown a pattern of growth followed by recent negativity. On an adjusted basis, Goa Carbon EPS showed a generally increasing trend from fiscal year 2017 through fiscal year 2022, with peak EPS recorded in fiscal year 2023. Subsequently, Goa Carbon EPS has shown a declining trend, turning negative in recent fiscal years. The most recent trailing twelve-month Goa Carbon EPS has continued this negative trend, reflecting the pressure on net profitability. The Goa Carbon share price has responded to these EPS fluctuations, with periods of EPS growth generally supporting positive price movement while EPS negativity has coincided with price corrections.
• P/E History: The Price-to-Earnings (P/E) ratio history of Goa Carbon has shown significant variation across different periods. Goa Carbon P/E ratio was relatively modest in fiscal year 2021 and expanded considerably in fiscal year 2022 as earnings improved. Following the earnings peak, the Goa Carbon P/E ratio reached elevated levels. As earnings turned negative in subsequent periods, the Goa Carbon P/E ratio is not applicable due to negative earnings. The current Goa Carbon P/E ratio is negative, reflecting that investor expectations remain anchored to near-term earnings headwinds. From fiscal year 2019 to 2021, the ratio was at moderate levels, while from 2022 onwards it has remained volatile.

Summary

Goa Carbon is a leading Indian calcined petroleum coke manufacturer listed on both the NSE and BSE, where the Goa Carbon share price reflects industrial demand cycles, raw material price trends, and competitive dynamics within the carbon sector. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader industrial consumption patterns. Within the carbon industry, the company’s competitive context and earnings dynamics provide key perspectives on its role in the Indian carbon and petrochemicals market.