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 16.7
- Book Value ₹ 61.8
- Dividend Yield 0.00 %
- ROCE 23.4 %
- ROE 24.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%
- Company's working capital requirements have reduced from 29.0 days to 20.4 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments
Part of BSE SME IPO
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 20.59 | 26.82 | 53.32 | 68.01 | |
| 18.68 | 21.75 | 40.84 | 52.74 | |
| Operating Profit | 1.91 | 5.07 | 12.48 | 15.27 |
| OPM % | 9.28% | 18.90% | 23.41% | 22.45% |
| 1.06 | 1.04 | 0.21 | 1.75 | |
| Interest | 0.74 | 1.12 | 1.65 | 1.53 |
| Depreciation | 0.70 | 1.32 | 2.62 | 3.30 |
| Profit before tax | 1.53 | 3.67 | 8.42 | 12.19 |
| Tax % | 25.49% | 13.08% | 27.91% | 25.27% |
| 1.13 | 3.20 | 6.07 | 9.10 | |
| EPS in Rs | 5.01 | 4.57 | 8.67 | 9.58 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 2.26 | 7.00 | 7.00 | 9.50 |
| Reserves | 3.83 | 4.03 | 10.08 | 49.23 |
| 9.41 | 17.59 | 20.45 | 21.15 | |
| 4.11 | 10.52 | 11.24 | 10.51 | |
| Total Liabilities | 19.61 | 39.14 | 48.77 | 90.39 |
| 5.29 | 12.86 | 16.06 | 22.99 | |
| CWIP | 3.65 | 4.85 | 5.95 | 4.89 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| 10.67 | 21.43 | 26.76 | 62.51 | |
| Total Assets | 19.61 | 39.14 | 48.77 | 90.39 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| -2.02 | 1.52 | 6.74 | 4.19 | |
| 0.59 | -10.08 | -6.33 | -9.82 | |
| 1.55 | 8.96 | -0.86 | 31.80 | |
| Net Cash Flow | 0.12 | 0.40 | -0.45 | 26.17 |
| Free Cash Flow | -2.85 | -7.68 | -0.16 | -9.45 |
| CFO/OP | -106% | 32% | 61% | 48% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 80.30 | 123.84 | 101.31 | 107.28 |
| Inventory Days | 142.54 | 78.90 | 69.87 | |
| Days Payable | 172.24 | 91.31 | 62.44 | |
| Cash Conversion Cycle | 80.30 | 94.15 | 88.90 | 114.71 |
| Working Capital Days | -15.07 | 44.09 | 22.52 | 20.45 |
| ROCE % | 21.71% | 30.39% | 23.37% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Ferrous Castings Actual Production MT ・Standalone data |
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| Ferrous Castings Capacity Utilization % ・Standalone data |
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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. ・Standalone data |
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| Machined Components (SIPL Unit II) Capacity Utilization % ・Standalone data |
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| Rebonded Foam (SIPL Unit I) Actual Production MT ・Standalone data |
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| Rebonded Foam (SIPL Unit I) Capacity Utilization % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of Newspaper clipping of 11th Annual General Meeting to be held on Wednesday 30th September, 2026
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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.
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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.
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Reg. 34 (1) Annual Report.
- 11th AGM on 30 Sep 2026; annual report filed, auditor replacement proposed, two independent directors appointed, COO pay revised.
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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.