Godawari Power & Ispat Ltd

Godawari Power & Ispat Ltd

₹ 184 -1.16%
17 Jun 12:49 p.m.
About

Godawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys with generation of Electricity.

Key Points

Captive Iron Ore Mines:[1]
Co has 2 captive mines- Ari Dongri Mine(2.35 mn MTPA) & Boria Tibu Mine (0.7mn MTPA) with 165MnT Reserves and 35+ years of mine life.[2]
GPIL sources 85% of its iron ore needs captively from its mines for the production of steel.
Captive mining leads to huge raw material costs saving.[3]
Subsidiary-ASL has to rely on merchant mines for its RM needs.

  • Market Cap 12,288 Cr.
  • Current Price 184
  • High / Low 254 / 146
  • Stock P/E 16.0
  • Book Value 69.6
  • Dividend Yield 0.54 %
  • ROCE 23.4 %
  • ROE 17.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20.6%

Cons

  • The company has delivered a poor sales growth of 11.1% over past five years.
  • Promoter holding has decreased over last 3 years: -3.99%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,300 1,483 1,201 1,378 1,223 1,207 1,218 1,214 1,403 1,194 1,096 1,095 1,276
928 1,054 962 1,191 941 905 857 890 1,082 803 866 895 980
Operating Profit 372 428 239 187 282 302 361 324 320 391 230 201 296
OPM % 29% 29% 20% 14% 23% 25% 30% 27% 23% 33% 21% 18% 23%
109 13 26 34 25 37 21 21 28 28 24 22 27
Interest 0 3 9 16 13 8 8 17 19 12 11 11 13
Depreciation 26 26 29 31 30 31 32 32 32 34 35 32 36
Profit before tax 455 413 228 173 264 299 342 296 298 373 209 180 274
Tax % 21% 26% 23% 27% 27% 25% 25% 23% 30% 26% 26% 25% 25%
359 304 176 126 192 224 256 229 209 275 155 136 204
EPS in Rs 5.10 4.31 2.50 1.79 2.72 3.29 3.77 3.36 3.08 4.04 2.31 2.03 3.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,537 1,926 1,535 1,544 2,111 2,855 2,758 3,632 5,072 5,278 5,032 4,661
1,325 1,663 1,385 1,381 1,678 2,235 2,318 2,588 3,291 4,135 3,725 3,543
Operating Profit 212 263 150 163 432 620 440 1,044 1,781 1,142 1,307 1,118
OPM % 14% 14% 10% 11% 20% 22% 16% 29% 35% 22% 26% 24%
24 16 12 14 3 3 3 68 117 98 107 102
Interest 115 145 163 177 185 182 154 110 17 46 52 47
Depreciation 67 66 73 78 89 91 92 96 102 117 127 137
Profit before tax 55 69 -75 -78 161 350 198 906 1,779 1,078 1,235 1,036
Tax % -1% 10% -35% -1% -13% 39% 39% 31% 24% 26% 26% 26%
56 62 -48 -77 182 213 121 626 1,351 798 917 770
EPS in Rs 0.85 0.95 -0.74 -1.10 2.58 3.03 1.72 8.88 19.17 11.33 13.50 11.50
Dividend Payout % 15% 5% 0% 0% 0% 0% 0% 10% 14% 7% 7% 8%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: -3%
TTM: -7%
Compounded Profit Growth
10 Years: 29%
5 Years: 45%
3 Years: -15%
TTM: -15%
Stock Price CAGR
10 Years: 46%
5 Years: 87%
3 Years: 57%
1 Year: -14%
Return on Equity
10 Years: 23%
5 Years: 27%
3 Years: 21%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 33 33 32 34 34 34 34 34 68 68 66 65
Reserves 732 788 699 651 833 1,043 1,163 1,772 3,026 3,694 4,254 4,592
1,182 1,189 1,330 1,551 1,499 1,320 1,210 534 396 143 0 260
293 521 481 153 217 266 219 461 793 759 807 738
Total Liabilities 2,240 2,530 2,541 2,389 2,584 2,663 2,627 2,801 4,282 4,665 5,127 5,654
1,248 1,339 1,362 1,435 1,408 1,425 1,472 1,406 1,382 1,747 1,920 2,278
CWIP 65 114 165 59 89 45 53 54 416 240 342 332
Investments 289 294 276 280 281 348 346 341 341 689 646 913
638 782 738 615 806 846 756 999 2,142 1,988 2,219 2,130
Total Assets 2,240 2,530 2,541 2,389 2,584 2,663 2,627 2,801 4,282 4,665 5,127 5,654

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
233 365 159 -75 323 480 396 801 1,270 1,091 1,088 851
-273 -219 -127 -5 -100 -125 -132 9 -1,050 -285 -809 -399
39 -142 -21 76 -237 -361 -263 -804 -221 -419 -554 -243
Net Cash Flow -2 4 12 -5 -14 -7 1 6 -1 388 -275 209

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 18 22 20 17 19 16 21 27 21 18 13 7
Inventory Days 106 92 128 92 108 121 101 105 122 79 93 103
Days Payable 72 121 143 34 40 39 29 41 76 55 60 54
Cash Conversion Cycle 53 -8 5 75 86 97 92 91 67 43 46 56
Working Capital Days 63 22 -7 96 59 62 67 66 64 47 47 55
ROCE % 9% 11% 4% 5% 15% 22% 15% 40% 58% 30% 31% 23%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
67.50% 67.50% 67.50% 67.50% 67.68% 63.26% 63.26% 63.26% 63.26% 63.49% 63.51% 63.51%
2.01% 2.53% 3.01% 3.39% 3.64% 4.66% 5.41% 5.54% 7.50% 7.39% 7.11% 6.58%
0.36% 0.47% 0.75% 1.06% 1.11% 1.52% 2.09% 2.08% 1.96% 1.56% 1.90% 2.43%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
30.12% 29.49% 28.73% 28.05% 27.57% 30.56% 29.23% 29.12% 27.27% 27.54% 27.48% 27.47%
No. of Shareholders 93,17198,10589,4461,11,91382,41684,17087,01394,6761,69,9341,27,1241,38,6761,45,736

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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