Godawari Power & Ispat Ltd
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.
- Market Cap ₹ 15,982 Cr.
- Current Price ₹ 239
- High / Low ₹ 290 / 146
- Stock P/E 20.2
- Book Value ₹ 75.4
- Dividend Yield 0.42 %
- ROCE 23.4 %
- ROE 17.1 %
- 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 11.0% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,537 | 1,926 | 1,535 | 1,544 | 2,111 | 2,855 | 2,758 | 3,632 | 5,072 | 5,278 | 5,032 | 4,656 | 4,647 | |
| 1,325 | 1,663 | 1,385 | 1,381 | 1,678 | 2,235 | 2,318 | 2,588 | 3,291 | 4,135 | 3,725 | 3,538 | 3,608 | |
| Operating Profit | 212 | 263 | 150 | 163 | 432 | 620 | 440 | 1,044 | 1,781 | 1,142 | 1,307 | 1,118 | 1,039 |
| OPM % | 14% | 14% | 10% | 11% | 20% | 22% | 16% | 29% | 35% | 22% | 26% | 24% | 22% |
| 24 | 16 | 12 | 14 | 3 | 3 | 3 | 68 | 117 | 98 | 107 | 102 | 189 | |
| Interest | 115 | 145 | 163 | 177 | 185 | 182 | 154 | 110 | 17 | 46 | 52 | 47 | 47 |
| Depreciation | 67 | 66 | 73 | 78 | 89 | 91 | 92 | 96 | 102 | 117 | 127 | 137 | 144 |
| Profit before tax | 55 | 69 | -75 | -78 | 161 | 350 | 198 | 906 | 1,779 | 1,078 | 1,235 | 1,036 | 1,037 |
| 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 | 789 | |
| 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 | 11.80 |
| Dividend Payout % | 15% | 5% | 0% | 0% | 0% | 0% | 0% | 10% | 14% | 7% | 7% | 19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 11% |
| 3 Years: | -3% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 45% |
| 3 Years: | -16% |
| TTM: | -9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 53% |
| 5 Years: | 58% |
| 3 Years: | 50% |
| 1 Year: | 2% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 32 | 34 | 34 | 34 | 34 | 34 | 68 | 68 | 66 | 65 | 65 |
| Reserves | 732 | 788 | 699 | 651 | 833 | 1,043 | 1,163 | 1,772 | 3,026 | 3,694 | 4,254 | 4,592 | 4,986 |
| 1,182 | 1,189 | 1,330 | 1,551 | 1,499 | 1,320 | 1,210 | 534 | 396 | 143 | 0 | 260 | 162 | |
| 293 | 521 | 481 | 153 | 217 | 266 | 219 | 461 | 793 | 759 | 807 | 738 | 639 | |
| 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 | 5,852 |
| 1,248 | 1,339 | 1,362 | 1,435 | 1,408 | 1,425 | 1,472 | 1,406 | 1,382 | 1,747 | 1,920 | 2,276 | 2,274 | |
| CWIP | 65 | 114 | 165 | 59 | 89 | 45 | 53 | 54 | 416 | 240 | 342 | 334 | 525 |
| Investments | 289 | 294 | 276 | 280 | 281 | 348 | 346 | 341 | 341 | 689 | 646 | 913 | 947 |
| 638 | 782 | 738 | 615 | 806 | 846 | 756 | 999 | 2,142 | 1,988 | 2,219 | 2,130 | 2,106 | |
| 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 | 5,852 |
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 | 1,087 | 851 | |
| -273 | -219 | -127 | -5 | -100 | -125 | -132 | 9 | -1,050 | -285 | -808 | -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 | -6 | -27 | -72 | 55 | 37 | 45 | 47 | 53 | 35 | 37 | 47 | 35 |
| ROCE % | 9% | 11% | 4% | 5% | 15% | 22% | 15% | 40% | 58% | 30% | 31% | 23% |
Documents
Announcements
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Enhancement Of Battery Energy Storage System (BESS) Project Capacity From 10 Gwh To 20 Gwh In First Phase Proposed To Be Set Up By The Company'S Wholly Owned Subsidiary Namely Godawari New Energy Private Limited (GNEPL).
2d - Increase BESS capacity to 40GWh; Rs1,625Cr total; Phase1 20GWh Rs1,025Cr; commercial Q1 FY2027-28.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Dec - Virtual one-to-one analyst meeting with Whitestone PMS on 12 Dec 2025, 11:30–12:30.
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Update - Iron Ore Palletization Plant - Started Commercial Operations In Additional Capacity Of 2 MTPA
8 Dec - Commercial operations started for additional 2 MTPA pellet plant on 08.12.2025; capacity increased to 4.7 MTPA.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Dec - Regarding Virtual One to one meeting with Choice India Institutional Equities Desk on 09.12.2025.
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Announcement under Regulation 30 (LODR)-Acquisition
5 Dec - Approve subscribing unsubscribed DGML rights at Rs80/share; ensure ≥90% subscription, deadline Dec 31, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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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.