Goyal Salt Ltd. Stock Analysis GOYALSALT.NS

Goyal Salt Ltd. engages in the business of manufacturing common salt and refining of raw salts procured from sub soil brine for usable as industrial salts and edible salts. The company is headquartered in Jaipur, Rajasthan. The company went IPO on 2023-10-11. The company refines and supplies a range of triple refined free flow iodized salt, industrial salt, double fortified salt, and triple refined half dry salt. Its products include Half Dry Iodized Salt, Industrial Salt, Idea Salt, Mediplus Salt, Fortuner Salt, Refined Iodized Salt, Premium Refined Iodized Salt, and Health Care Salt. The company has a refinery, situated in Nawa City, having a total area of approximately 1.45 hectares (ha) of land and has dedicated space for the refining of salts, storage of raw salts procured from subsoil brine, and packaging of refined salts. In addition to its refinery, it also has lease rights to harvest raw salt over 18.66 ha of land issued by the Government of Rajasthan in the vicinity of the salt-producing area of Nawa City.