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 ₹ 154 Cr.
- Current Price ₹ 162
- High / Low ₹ 246 / 110
- Stock P/E 17.0
- Book Value ₹ 61.8
- Dividend Yield 0.00 %
- ROCE 23.3 %
- ROE 24.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%
- 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 | 68.04 | |
| 18.68 | 21.75 | 40.84 | 52.80 | |
| Operating Profit | 1.91 | 5.07 | 12.48 | 15.24 |
| OPM % | 9.28% | 18.90% | 23.41% | 22.40% |
| 1.06 | 1.04 | 0.21 | 1.75 | |
| Interest | 0.74 | 1.12 | 1.65 | 1.50 |
| 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% | 25.35% |
| 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 | 20.38 | 21.16 | |
| 4.11 | 10.52 | 11.31 | 10.50 | |
| 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 | 4.19 | 4.19 | |
| 0.59 | -10.08 | -5.79 | -9.82 | |
| 1.55 | 8.96 | 1.15 | 31.80 | |
| Net Cash Flow | 0.12 | 0.40 | -0.45 | 26.17 |
| Free Cash Flow | -2.85 | -7.68 | -2.72 | -9.58 |
| CFO/OP | -106% | 32% | 38% | 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 | 107.24 |
| 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 | 114.66 |
| Working Capital Days | -15.07 | 44.09 | 22.52 | 20.44 |
| ROCE % | 21.71% | 30.48% | 23.33% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization - Foundry (Gallard Steel Ltd) % ・Standalone data |
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| Employee Attrition Rate % |
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| Installed Capacity - Foundry (Gallard Steel Ltd) MT p.a. ・Standalone data |
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| Revenue Concentration - Top 10 Customers % |
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| Trade Receivable Turnover x |
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| Capacity Utilization - Engineering Machining (SIPL Unit II) % |
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| Installed Capacity - Engineering Machining (SIPL Unit II) Units p.a. |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2h - FY26 revenue rose 27.6% to ₹6,804.49 lakh; PAT up 50% to ₹910.48 lakh; new plant by June 2026.
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Standalone And Consolidated Audited Financial Results For Half-Year/Year Ended 31St March2026
23h - Gallard Steel approved FY26 audited standalone and consolidated results; auditors issued unmodified opinion.
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Board Meeting Outcome for Outcome Of Board Meeting Dated 13Th May 2026 Started At 4 P.M. And Concluded At 7 P.M. Of The Audited Financials 31St March 2026.
24h - Board approved FY26 standalone and consolidated audited results; auditors issued unmodified opinion, no fund-utilization deviation.
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Board Meeting Intimation for Consideration And Approval Of The Standalone And Consolidated Audited Financial Results For The Half-Year/Year Ended 31St March 2026.
9 May - Board meeting on 13 May 2026 to approve FY26 audited standalone and consolidated results.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
27 Apr - Company confirms it is not a Large Corporate for FY2026.
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.