Gallantt Ispat Ltd.
Incorporated in 2005,Gallantt Ispat Limited is a leading Iron and Steel manufacturing Company located in Eastern Uttar Pradesh. The Co is engaged in the business of Iron & Steel, Agro, Power and Real Estate. [1]
- Market Cap ₹ 13,562 Cr.
- Current Price ₹ 563
- High / Low ₹ 802 / 356
- Stock P/E 28.4
- Book Value ₹ 129
- Dividend Yield 0.22 %
- ROCE 19.2 %
- ROE 15.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 122% CAGR over last 5 years
- Promoter holding has increased by 0.90% over last quarter.
- Company's median sales growth is 16.6% of last 10 years
Cons
- Stock is trading at 4.38 times its book value
- Company has a low return on equity of 10.7% over last 3 years.
- 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE 500 Nifty 500 BSE Allcap BSE Industrials BSE 250 SmallCap Index
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 669 | 720 | 670 | 616 | 824 | 1,064 | 865 | 2,105 | 3,017 | 4,057 | 4,227 | 4,293 | 4,286 | |
| 625 | 656 | 604 | 565 | 738 | 938 | 833 | 1,836 | 2,721 | 3,693 | 3,779 | 3,598 | 3,571 | |
| Operating Profit | 44 | 65 | 66 | 52 | 86 | 125 | 32 | 269 | 297 | 364 | 448 | 694 | 715 |
| OPM % | 7% | 9% | 10% | 8% | 10% | 12% | 4% | 13% | 10% | 9% | 11% | 16% | 17% |
| 1 | 1 | 3 | 1 | 5 | 5 | 1 | 9 | 53 | 3 | 7 | 16 | 47 | |
| Interest | 12 | 12 | 7 | 6 | 7 | 6 | 6 | 22 | 20 | 27 | 28 | 22 | 33 |
| Depreciation | 17 | 17 | 18 | 17 | 15 | 14 | 14 | 68 | 92 | 100 | 116 | 120 | 128 |
| Profit before tax | 16 | 37 | 44 | 30 | 69 | 110 | 13 | 189 | 237 | 240 | 311 | 568 | 601 |
| Tax % | 6% | 8% | 5% | 11% | 29% | 35% | 42% | 22% | 26% | 41% | 28% | 29% | |
| 15 | 34 | 42 | 27 | 49 | 72 | 7 | 148 | 176 | 141 | 225 | 401 | 478 | |
| EPS in Rs | 1.85 | 4.17 | 5.11 | 3.28 | 6.07 | 8.81 | 0.92 | 18.18 | 21.62 | 5.84 | 9.34 | 16.61 | 19.80 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 4% | 3% | 0% | 0% | 0% | 0% | 11% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 38% |
| 3 Years: | 12% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 122% |
| 3 Years: | 33% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 65% |
| 3 Years: | 116% |
| 1 Year: | 38% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| Last Year: | 15% |
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 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 241 | 241 | 241 | 241 |
| Reserves | 166 | 200 | 242 | 282 | 331 | 400 | 405 | 1,824 | 2,002 | 1,984 | 2,209 | 2,601 | 2,862 |
| 128 | 91 | 62 | 74 | 55 | 51 | 123 | 388 | 387 | 538 | 462 | 378 | 657 | |
| 60 | 52 | 59 | 31 | 94 | 31 | 54 | 147 | 219 | 186 | 223 | 328 | 341 | |
| Total Liabilities | 435 | 424 | 444 | 468 | 561 | 564 | 663 | 2,441 | 2,689 | 2,949 | 3,136 | 3,548 | 4,101 |
| 207 | 212 | 205 | 230 | 219 | 208 | 198 | 1,348 | 1,452 | 1,623 | 1,894 | 1,807 | 1,986 | |
| CWIP | 7 | 5 | 18 | 13 | 29 | 127 | 241 | 277 | 359 | 316 | 122 | 318 | 172 |
| Investments | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 60 | 1 | 2 | 52 | 40 | 114 |
| 179 | 165 | 178 | 183 | 270 | 186 | 182 | 756 | 877 | 1,009 | 1,068 | 1,383 | 1,830 | |
| Total Assets | 435 | 424 | 444 | 468 | 561 | 564 | 663 | 2,441 | 2,689 | 2,949 | 3,136 | 3,548 | 4,101 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -43 | 70 | 56 | 31 | 109 | 43 | 41 | 173 | 234 | 96 | 344 | 579 | |
| -27 | -20 | -22 | -40 | -83 | -37 | -106 | -193 | -209 | -225 | -248 | -460 | |
| 57 | -48 | -36 | 7 | -24 | -9 | 65 | 10 | -19 | 126 | -102 | -114 | |
| Net Cash Flow | -13 | 2 | -1 | -2 | 2 | -3 | -0 | -10 | 6 | -3 | -5 | 5 |
| Free Cash Flow | -72 | 48 | 32 | -5 | 83 | -65 | -65 | 47 | -39 | -132 | 151 | 337 |
| CFO/OP | -90% | 120% | 100% | 73% | 143% | 54% | 140% | 79% | 93% | 38% | 89% | 98% |
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 | 23 | 12 | 17 | 20 | 22 | 13 | 10 | 23 | 19 | 12 | 9 | 8 |
| Inventory Days | 56 | 55 | 57 | 77 | 65 | 51 | 69 | 56 | 50 | 48 | 48 | 51 |
| Days Payable | 6 | 0 | 3 | 17 | 47 | 8 | 19 | 18 | 24 | 7 | 6 | 11 |
| Cash Conversion Cycle | 74 | 67 | 71 | 80 | 41 | 55 | 59 | 61 | 45 | 53 | 51 | 48 |
| Working Capital Days | 8 | 20 | 42 | 30 | 39 | 27 | 19 | 54 | 45 | 40 | 49 | 58 |
| ROCE % | 9% | 13% | 13% | 9% | 17% | 23% | 3% | 15% | 10% | 10% | 12% | 19% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Rolling Mill Production (TMT Bars / Finished Steel) MT |
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| Sponge Iron (DRI) Production MT |
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| Captive Power Generation Capacity MW |
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| Installed Total Capacity - Rolling Mill MTPA |
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| Number of Dealers Number |
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| EBITDA Per Tonne Rs/Tonne |
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| Pellet Production MT |
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Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2h
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Announcement Under Regulation 30 (LODR) - Disbursal Of Subsidy
8h - Received Rs.233.55 crore SGST subsidy; invested total Rs.300.01 crore as HDFC fixed deposit.
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Announcement Under Regulation 30 (LODR) - Appointment Of Chief Financial Officer
24h - Pradyumna Kumar Satpathy appointed as CFO and KMP effective 1 April 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
24h - Dindayal Jalan as Vice Chairman from Apr 1, 2026; Atul K. Gupta as Independent Director from Apr 15, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - CFO Sandip Agarwal resigned Mar 31, 2026; Pradyumna Satpathy appointed CFO Apr 1, 2026; multiple director changes.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
Product Offerings
Sponge Iron
MS Billets
TMT Bars
Wheat Products: The food grain business of the Co includes wheat flour products like Atta, Maida, Suji and Bran. The products are sold under the brand name “Gallantt” in the states of Uttar Pradesh, Bihar, West Bengal, Assam, Madhya Pradesh, Andhra Pradesh and Karnataka.
Shalimar Gallantt: It is a group housing project located in Lucknow. It is developed as a JV with The Shalimar Group in Lucknow. [1]