Goa Carbon Limited is a public limited company engaged in the manufacture and marketing of Calcined Petroleum Coke (CPC), establishing itself as the second largest producer of Calcined Petroleum Coke in India. The company was incorporated in 1967 and is based in Panaji, India, making it a well-established player in the petrochemical industry with over five decades of operational experience.
The company operates as part of the DEMPO GROUP, a reputed business house in Goa with offices in the metro cities of India and a turnover exceeding USD 100 million. Goa Carbon Limited is the manufacturing flagship company of the Dempo Group. Since its establishment on June 23, 1967, GCL has been a leading player in the processing and manufacturing of Calcined Petroleum Coke (CPC) in India from its manufacturing facilities at Goa, Paradeep, and Bilaspur.
Goa Carbon Limited is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the symbol GOACARBON. It is a prominent maker of Calcined Petroleum Coke. This Dempo Group Company has consistently rewarded shareholders and now aims for a larger presence.
Based on recent financial data, the market capitalization of Goa Carbon Ltd (GOACARBON) is ₹457.46 Cr as of July 18, 2025. Promoter Holding stands at 59.7%, indicating strong promoter confidence in the business.
The company faced challenging financial performance in FY25, reporting a net loss of ₹22.03 crore for the year ended March 2025, as against a net profit of ₹85.50 crore during the previous year ended March 2024. Sales declined by 51.93% to ₹508.01 crore in the year ended March 2025, compared to ₹1056.79 crore during the previous year ended March 2024.
Recent quarterly results show continued challenges, with a net loss of ₹6.54 crore reported for the quarter ended March 2025, against a net profit of ₹9.36 crore during the previous quarter ended March 2024. Sales declined by 25.90% to ₹132.07 crore in the quarter ended March 2025, compared to ₹178.24 crore during the previous quarter ended March 2024.
- FY2024-25 Performance: Net Loss of ₹22.03 crore, Sales of ₹508.01 crore
- FY2023-24 Performance: Net Profit of ₹85.50 crore, Sales of ₹1056.79 crore
- Q4 FY2024-25 Performance: Net Loss of ₹6.54 crore, Sales of ₹132.07 crore
- Q4 FY2023-24 Performance: Net Profit of ₹9.36 crore, Sales of ₹178.24 crore
- Market Capitalization: ₹457.46 Cr (as of July 18, 2025)
- Promoter Holding: 59.7%
Goa Carbon is the second largest manufacturer of Calcined Petroleum Coke in the country. It operates manufacturing facilities on both of India's coasts (Goa and Paradeep) and one in Central India at Bilaspur. The company has a total installed capacity of 240,000 Metric Tonnes per annum.
- Goa Unit: Licensed capacity of 1,00,000 MT per annum.
- Paradeep Unit: Licensed capacity of 1,68,000 MT per annum.
- Bilaspur Unit: Licensed capacity of 40,000 MT per annum.
The company's calcination plant in southern Goa has an approximate capacity of 308,000 Metric Tonnes per annum and is located over 40 kilometers away from the Mormugao port. The Bilaspur plant in Chhattisgarh has a capacity of over 40,000 Metric Tonnes per annum, and the Paradeep plant in Odisha, located over eight kilometers away from the Paradip port, has a capacity of approximately 1,68,000 Metric Tonnes per annum.
The company has achieved ISO 9001:2015 and 14001:2015 certification, demonstrating its commitment to quality standards and environmental management.
The company is a regular supplier to aluminium smelters, graphite electrode manufacturers, and Titanium Dioxide manufacturers, as well as other users in the metallurgical and chemical industries. It serves aluminium, graphite, electrode, foundry, glass, carbon paste, steel, titanium dioxide, metallurgical, and chemical sectors.
Calcined Petroleum Coke (CPC) is a pure form of carbon primarily used for making anodes for aluminium smelting. It also serves as a source of carbon in the steel industry and in speciality consumer segments like titanium dioxide and other chemicals. The manufacturing process involves converting Green Petroleum Coke (GPC), a by-product of oil refining, into high-value carbon-based CPC by removing moisture and volatile matter at extremely high temperatures.
The company has been managing operational challenges across its facilities. Goa Carbon Limited announced a temporary shutdown of its Bilaspur unit for urgent maintenance starting January 14, 2025, to address critical issues and ensure operational efficiency and safety. Additionally, the company's Goa unit located at St. Jose de Areal, Salcete-Goa, was temporarily shut down for maintenance work from December 25, 2024.
However, there have been positive developments:
- Goa Carbon Limited has informed the Exchange about the resumption of operations at the Company's Bilaspur Unit.
- Goa Carbon Limited has also informed the Exchange about the resumption of operations of the Company's Goa Unit.
Its calcined petroleum coke is offered in various packaging formats to meet diverse customer requirements, including jute bags, high-density polyethylene (HDPE) bags, paper bags, jumbo (bulk) bags, and in loose bulk cargo on trucks and ships.
The company has established itself as a key player in India's carbon industry, with the quality of Goa Carbon's product being well accepted by end-users both in India and overseas. Goa Carbon is now firmly established as a leading Indian petcoke calciner. Despite recent financial challenges, the company continues to maintain its position as a significant manufacturer in the calcined petroleum coke industry, with strategic locations across India providing competitive advantages for serving diverse industrial customers.
