Gallard Steel Ltd
Incorporated in 2015, Gallard Steel Limited is engaged in the manufacturing of engineered steel castings, including mild steel, SGCI, and low alloy castings.[1]
- Market Cap ₹ 152 Cr.
- Current Price ₹ 160
- High / Low ₹ 246 / 110
- Stock P/E 22.6
- Book Value ₹ 57.7
- Dividend Yield 0.00 %
- ROCE 20.8 %
- ROE 19.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 132% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
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Part of BSE SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 9.00 | 14.10 | 20.59 | 26.82 | 42.61 | 57.47 | |
| 8.10 | 12.83 | 18.68 | 21.74 | 33.79 | 46.46 | |
| Operating Profit | 0.90 | 1.27 | 1.91 | 5.08 | 8.82 | 11.01 |
| OPM % | 10.00% | 9.01% | 9.28% | 18.94% | 20.70% | 19.16% |
| 0.01 | 0.01 | 1.06 | 1.04 | 0.13 | 0.75 | |
| Interest | 0.23 | 0.39 | 0.74 | 1.13 | 1.14 | 1.00 |
| Depreciation | 0.54 | 0.58 | 0.70 | 1.32 | 1.25 | 1.89 |
| Profit before tax | 0.14 | 0.31 | 1.53 | 3.67 | 6.56 | 8.87 |
| Tax % | 28.57% | 25.81% | 25.49% | 13.35% | 28.05% | 23.90% |
| 0.10 | 0.23 | 1.13 | 3.18 | 4.73 | 6.74 | |
| EPS in Rs | 0.44 | 1.02 | 5.01 | 4.54 | 6.76 | 7.09 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 41% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 132% |
| 3 Years: | 81% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 26% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.26 | 2.26 | 2.26 | 7.00 | 7.00 | 9.50 |
| Reserves | 2.48 | 2.70 | 3.83 | 4.02 | 8.50 | 45.28 |
| 4.60 | 7.17 | 9.41 | 17.66 | 13.01 | 11.83 | |
| 2.67 | 3.31 | 4.11 | 10.44 | 9.35 | 8.13 | |
| Total Liabilities | 12.01 | 15.44 | 19.61 | 39.12 | 37.86 | 74.74 |
| 4.78 | 5.39 | 5.29 | 12.86 | 8.64 | 12.65 | |
| CWIP | 2.00 | 3.79 | 3.65 | 4.85 | 5.95 | 4.15 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 2.37 | 2.37 |
| 5.23 | 6.26 | 10.67 | 21.41 | 20.90 | 55.57 | |
| Total Assets | 12.01 | 15.44 | 19.61 | 39.12 | 37.86 | 74.74 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 4.50 | 1.79 | -2.02 | 1.52 | 3.87 | 1.46 | |
| -0.56 | -3.95 | 0.59 | -9.12 | -2.99 | -5.78 | |
| -3.97 | 2.22 | 1.55 | 8.96 | -1.17 | 30.41 | |
| Net Cash Flow | -0.03 | 0.06 | 0.12 | 1.37 | -0.29 | 26.09 |
| Free Cash Flow | 2.99 | -1.18 | -2.85 | -8.85 | 0.76 | -6.18 |
| CFO/OP | 500% | 141% | -106% | 32% | 49% | 33% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 55.97 | 51.51 | 80.30 | 123.84 | 112.47 | 112.54 |
| Inventory Days | 80.78 | 69.23 | ||||
| Days Payable | 108.17 | 75.24 | ||||
| Cash Conversion Cycle | 55.97 | 51.51 | 80.30 | 123.84 | 85.08 | 106.53 |
| Working Capital Days | 32.85 | -22.78 | -15.07 | 44.09 | 23.90 | 51.95 |
| ROCE % | 6.52% | 16.43% | 21.73% | 26.93% | 20.75% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Ferrous Castings Actual Production MT |
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| Ferrous Castings Capacity Utilization % |
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| Revenue Share of Railway (Traction Motor & Bogie Assembly) Components % of total revenue |
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| Top 10 Customer Concentration % of revenue from operations |
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| Machined Components (SIPL Unit II) Actual Production Nos. |
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| Machined Components (SIPL Unit II) Capacity Utilization % |
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| Rebonded Foam (SIPL Unit I) Actual Production MT |
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| Rebonded Foam (SIPL Unit I) Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of Newspaper clipping of 11th Annual General Meeting to be held on Wednesday 30th September, 2026
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- Gallard Steel appointed two independent directors and recommended statutory auditor appointment on 8 September 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Gallard Steel appointed Praveen Sinha, Habib Khandwala as independent directors and recommended AKG as statutory auditor on 8 Sept 2026.
-
Reg. 34 (1) Annual Report.
- 11th AGM on 30 Sep 2026; annual report filed, auditor replacement proposed, two independent directors appointed, COO pay revised.
-
Annual General Meeting Scheduled To Be Held On 30/09/2026
- 11th AGM on 30 September 2026 to approve accounts, appoint directors, replace auditor and revise CEO remuneration.
Business Profile[1]
Gallard Steel is a foundry and machining company that manufactures components, assemblies and sub-assemblies for railways (traction motor & bogie components), defence, power generation (thermal & hydro turbine sub-assemblies) and industrial machinery.