Gallantt Ispat Ltd.

₹ 65.2 -0.53%
02 Feb 1:28 p.m.
gallantt.com BSE: 532726 NSE : GALLANTT
About

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]

Key Points

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 being developed as a JV with The Shalimar Group in Lucknow. [1]

Website BSE NSE
  • Market Cap ₹ 1,573 Cr.
  • Current Price ₹ 65.2
  • High / Low ₹ 86.1 / 53.4
  • Stock P/E 9.24
  • Book Value ₹ 88.5
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE 8.47 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.74 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 44.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.83% 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
186 224 207 127 218 307 760 345 673 830 863 1,021 931
189 217 194 122 204 266 655 308 642 756 753 949 853
Operating Profit -3 7 14 5 14 41 105 37 31 74 110 72 78
OPM % -2% 3% 7% 4% 6% 13% 14% 11% 5% 9% 13% 7% 8%
0 0 0 0 1 1 12 2 5 3 44 1 4
Interest 2 2 1 1 4 3 6 2 5 5 6 4 7
Depreciation 4 4 3 3 3 4 24 7 23 23 23 25 25
Profit before tax -9 1 10 0 8 36 86 30 7 50 125 45 50
Tax % 121% 74% 114% 144% 44% 34% 32% 35% 6% 42% 29% 45% 45%
Net Profit 2 0 -1 -0 4 24 58 20 6 29 89 25 28
EPS in Rs 0.22 0.05 -0.17 -0.02 0.52 2.91 7.14 2.44 0.76 3.57 10.93 1.02 1.14
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
557 585 663 669 720 670 616 824 1,064 865 2,105 3,017 3,645
509 541 608 625 656 604 565 738 938 833 1,836 2,721 3,310
Operating Profit 48 44 55 44 65 66 52 86 125 32 269 297 335
OPM % 9% 8% 8% 7% 9% 10% 8% 10% 12% 4% 13% 10% 9%
12 3 5 1 1 3 1 5 5 1 9 53 52
Interest 14 16 10 12 12 7 6 7 6 6 22 20 21
Depreciation 16 16 16 17 17 18 17 15 14 14 68 92 96
Profit before tax 30 15 33 16 37 44 30 69 110 13 189 237 270
Tax % 24% 5% 4% 6% 8% 5% 11% 29% 35% 42% 22% 26%
Net Profit 23 15 32 15 34 42 27 49 72 7 148 176 170
EPS in Rs 2.82 1.79 3.90 1.85 4.17 5.11 3.28 6.07 8.81 0.92 18.18 21.62 16.66
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% 4% 3% -0% -0% -0%
Compounded Sales Growth
10 Years: 18%
5 Years: 37%
3 Years: 42%
TTM: 75%
Compounded Profit Growth
10 Years: 28%
5 Years: 45%
3 Years: 33%
TTM: 58%
Stock Price CAGR
10 Years: 9%
5 Years: 11%
3 Years: 34%
1 Year: -7%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
81 81 81 81 81 81 81 81 81 81 81 81 241
Reserves 105 119 151 166 200 242 282 331 400 405 1,824 2,002 1,894
119 117 58 128 91 62 74 55 51 123 388 387 440
71 75 122 60 52 59 31 94 31 54 147 219 244
Total Liabilities 377 392 413 435 424 444 468 561 564 663 2,441 2,689 2,819
215 204 193 207 212 205 230 219 208 198 1,348 1,452 1,656
CWIP 1 1 9 7 5 18 13 29 127 241 277 359 212
Investments 29 43 43 43 43 43 43 43 43 43 60 1 2
132 145 169 179 165 178 183 270 186 182 756 877 949
Total Assets 377 392 413 435 424 444 468 561 564 663 2,441 2,689 2,819

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
47 25 84 -43 70 56 31 109 43 41 173 234
6 -2 -9 -27 -20 -22 -40 -83 -37 -106 -193 -209
-54 -19 -69 57 -48 -36 7 -24 -9 65 10 -19
Net Cash Flow -1 4 6 -13 2 -1 -2 2 -3 -0 -10 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 14 21 16 23 12 17 20 22 13 10 23 19
Inventory Days 38 46 53 56 55 57 77 65 51 69 56 50
Days Payable 21 24 50 6 0 3 17 47 8 19 18 24
Cash Conversion Cycle 31 43 20 74 67 71 80 41 55 59 61 45
Working Capital Days 29 35 21 65 66 76 74 63 45 35 105 80
ROCE % 12% 10% 14% 9% 13% 13% 9% 17% 23% 3% 15% 10%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
67.23 67.23 67.23 67.23 67.22 67.24 67.24 67.24 67.24 68.72 68.72 68.73
0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.10 0.10 0.03 0.01 0.01
32.77 32.77 32.77 32.77 32.78 32.76 32.68 32.66 32.67 31.25 31.26 31.25

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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