Gopal Iron & Steels Co.(Gujarat) Ltd

Gopal Iron & Steels Co.(Gujarat) Ltd

₹ 7.86 1.81%
19 Apr 9:32 a.m.
About

Incorporated in 1994, Gopal Iron & Steels Co. (Gujarat) Limited (GISCO) is a manufacturer of Structural Steels, Bars, ERW Tube / Pipes and other iron and steel items.

Key Points

Product Portfolio:[1]
a) Tube Mill Products (S.S.,M.S.,Galvanized)
ERW Pipe/Tube ( SHS/ RHS/ CHS )
ERW Galvanized/S.S./C.R. Pipe/Tube ( RHS/ SHS/ CHS )
HR / CR / SS / Galvanized Coils, strips & sheets/plates

b) Wind Turbine Generating Farm (Wind Mill)
Green Power Generation

c) Rolling Mill Products
Channels
Round Bars (MS/SS)
Square Bars (MS/SS)
Flat Bars (MS/SS)
Beams
Angles

  • Market Cap 3.88 Cr.
  • Current Price 7.86
  • High / Low 11.4 / 4.88
  • Stock P/E 64.5
  • Book Value 1.85
  • Dividend Yield 0.00 %
  • ROCE 9.85 %
  • ROE 16.4 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.17 times its book value
  • The company has delivered a poor sales growth of -26.7% over past five years.
  • Promoter holding is low: 26.5%
  • Company has a low return on equity of -14.0% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 484 days.
  • Promoter holding has decreased over last 3 years: -27.8%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.00 0.00 0.00 0.00 0.00 0.13 0.00 0.00 0.39 0.70 0.00 2.75 1.15
0.07 0.02 0.06 0.04 0.02 0.18 0.03 0.09 0.38 0.71 0.00 2.75 1.15
Operating Profit -0.07 -0.02 -0.06 -0.04 -0.02 -0.05 -0.03 -0.09 0.01 -0.01 0.00 0.00 0.00
OPM % -38.46% 2.56% -1.43% 0.00% 0.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.17 0.00 0.01 0.00 0.06 0.00
Interest 0.00 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.07 -0.08 -0.06 -0.04 -0.02 -0.05 -0.03 0.08 0.01 0.00 0.00 0.06 0.00
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.07 -0.08 -0.06 -0.04 -0.02 -0.05 -0.03 0.08 0.01 0.00 0.00 0.06 0.00
EPS in Rs -0.14 -0.16 -0.12 -0.08 -0.04 -0.10 -0.06 0.16 0.02 0.00 0.00 0.12 0.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
36.31 72.42 36.72 14.81 8.20 5.71 5.19 3.12 3.59 0.00 0.13 1.10 4.60
33.03 68.22 32.66 12.82 8.15 9.65 5.63 6.45 3.92 0.17 0.30 1.15 4.61
Operating Profit 3.28 4.20 4.06 1.99 0.05 -3.94 -0.44 -3.33 -0.33 -0.17 -0.17 -0.05 -0.01
OPM % 9.03% 5.80% 11.06% 13.44% 0.61% -69.00% -8.48% -106.73% -9.19% -130.77% -4.55% -0.22%
0.36 0.65 0.08 0.06 0.11 0.09 -1.01 13.56 -1.95 0.00 0.00 0.18 0.07
Interest 1.81 3.31 3.59 3.21 2.65 3.85 2.69 0.04 0.00 0.05 0.00 0.00 0.00
Depreciation 0.82 1.13 1.14 1.23 1.44 1.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.01 0.41 -0.59 -2.39 -3.93 -9.14 -4.14 10.19 -2.28 -0.22 -0.17 0.13 0.06
Tax % -6.93% 100.00% -23.73% -4.60% 2.80% 1.64% -3.62% 0.00% 0.00% 0.00% 0.00% 0.00%
1.09 0.01 -0.73 -2.50 -3.82 -8.99 -4.28 10.19 -2.28 -0.22 -0.17 0.13 0.06
EPS in Rs 2.22 0.02 -1.48 -5.08 -7.77 -18.28 -8.70 20.72 -4.64 -0.45 -0.35 0.26 0.12
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -34%
5 Years: -27%
3 Years: -33%
TTM: 785%
Compounded Profit Growth
10 Years: 29%
5 Years: 15%
3 Years: 34%
TTM: 500%
Stock Price CAGR
10 Years: -3%
5 Years: %
3 Years: 12%
1 Year: 6%
Return on Equity
10 Years: %
5 Years: %
3 Years: -14%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92
Reserves 7.08 7.09 6.37 3.87 0.05 -8.94 -13.22 -3.03 -5.31 -4.03 -4.19 -4.06 -4.01
20.91 23.90 25.88 27.22 29.52 27.86 26.16 1.24 0.81 0.51 0.53 0.52 0.56
12.78 19.16 8.91 5.07 5.32 7.94 10.44 11.86 2.63 1.15 1.34 1.38 1.24
Total Liabilities 45.69 55.07 46.08 41.08 39.81 31.78 28.30 14.99 3.05 2.55 2.60 2.76 2.71
18.74 18.00 16.89 15.67 14.22 12.78 10.97 7.68 0.23 0.23 0.23 0.23 0.23
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
26.95 37.07 29.19 25.41 25.59 19.00 17.33 7.31 2.82 2.32 2.37 2.53 2.48
Total Assets 45.69 55.07 46.08 41.08 39.81 31.78 28.30 14.99 3.05 2.55 2.60 2.76 2.71

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3.65 1.05 -0.33 1.94 0.26 5.40 1.15 19.03 3.34 0.18 -0.02 0.06
-8.55 -0.43 -0.01 0.02 0.05 0.01 0.80 6.00 -2.97 0.00 0.00 0.00
5.05 -0.33 -0.13 -1.81 -0.36 -5.50 -1.98 -24.96 -0.43 -0.20 0.02 -0.02
Net Cash Flow 0.15 0.29 -0.47 0.15 -0.04 -0.09 -0.04 0.07 -0.06 -0.02 0.00 0.05

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 83.23 127.51 135.68 232.65 509.66 671.83 655.45 298.32 186.06 3,818.46 484.45
Inventory Days 207.43 49.63 174.86 513.29 706.24 382.65 493.56 326.13 0.00 0.00 0.00
Days Payable 139.01 98.66 80.33 78.73 147.46 83.71 103.44 43.61
Cash Conversion Cycle 151.65 78.48 230.21 667.21 1,068.44 970.78 1,045.57 580.84 186.06 3,818.46 484.45
Working Capital Days 135.51 85.13 211.62 525.44 943.21 770.91 556.29 -421.15 122.01 1,909.23 248.86
ROCE % 9.88% 10.81% 8.21% 2.24% -3.63% -18.14% -2.11% -30.97% -18.59% -18.68% -12.78% 9.85%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.34% 54.34% 54.34% 54.28% 54.28% 57.01% 57.01% 40.99% 40.99% 26.49% 26.49% 26.84%
45.66% 45.66% 45.66% 45.72% 45.72% 42.99% 42.99% 59.02% 59.01% 73.51% 73.51% 73.15%
No. of Shareholders 9351,1991,8402,5162,7122,8543,0423,1343,3734,0664,8637,895

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