Gallantt Metal Ltd

Gallantt Metal Limited is engaged in the business of production of iron, steel and power. The Company operates through two segments: Steel and Power.

Add ratio:

Pros:

Stock is trading at 0.47 times its book value

Company has good consistent profit growth of 36.59% over 5 years

Cons:

Company has a low return on equity of 12.57% for last 3 years.

Peer comparison Sector: Steel // Industry: Steel - Medium / Small

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Detailed Comparison with:

	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019
	179	192	178	184	268	278	256	264	266	248	186	224
	165	171	162	168	234	231	217	245	246	233	189	217
Operating Profit	14	21	16	16	34	47	39	19	20	15	-3	7
OPM %	8%	11%	9%	9%	13%	17%	15%	7%	8%	6%	-2%	3%
Other Income	0	0	-0	0	4	0	2	1	2	0	0	0
Interest	3	2	1	2	2	2	2	1	2	1	2	2
Depreciation	4	4	4	4	3	4	3	3	4	4	4	4
Profit before tax	7	15	10	11	33	42	35	16	17	10	-9	1
Tax %	17%	35%	38%	32%	22%	35%	33%	34%	38%	34%	121%	74%
Net Profit	5	10	6	8	26	27	24	10	11	7	2	0
EPS in Rs	0.66	1.21	0.77	0.93	3.16	3.33	2.92	1.26	1.30	0.83	0.22	0.05
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	TTM
	387	441	433	557	585	663	669	720	670	616	824	1,064	924
	323	392	369	509	541	608	625	656	604	565	738	938	886
Operating Profit	64	49	64	48	44	55	44	65	66	52	86	125	39
OPM %	17%	11%	15%	9%	8%	8%	7%	9%	10%	8%	10%	12%	4%
Other Income	1	2	1	12	3	5	1	1	3	1	5	5	3
Interest	17	18	14	14	16	10	12	12	7	6	7	6	8
Depreciation	12	12	15	16	16	16	17	17	18	17	15	14	14
Profit before tax	37	20	36	30	15	33	16	37	44	30	69	110	20
Tax %	16%	31%	34%	24%	5%	4%	6%	8%	5%	11%	29%	35%
Net Profit	31	14	24	23	15	32	15	34	42	27	49	72	19
EPS in Rs		1.74	2.90	2.82	1.79	3.90	1.85	4.17	5.11	3.28	6.07	8.81	2.40
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	4%	3%

* Sales is net of excise duty and discounts

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Sep 2019
	76	81	81	81	81	81	81	81	81	81	81	81	81
Reserves	34	58	82	105	119	151	166	200	242	282	331	400	406
Borrowings	160	151	161	119	117	58	128	91	62	74	55	51	109
	56	59	61	71	75	122	60	52	59	31	94	31	29
Total Liabilities	326	350	385	377	392	413	435	424	444	468	561	564	625
	207	229	226	215	204	193	207	212	205	230	219	208	202
CWIP	27	11	1	1	1	9	7	5	18	13	29	127	180
Investments	0	9	9	29	43	43	43	43	43	43	43	43	43
	92	101	149	132	145	169	179	165	178	183	270	186	200
Total Assets	326	350	385	377	392	413	435	424	444	468	561	564	625

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
	60	43	28	47	25	84	-43	70	56	31	109	43
	-38	-26	-36	6	-2	-9	-27	-20	-22	-40	-83	-37
	-20	-17	5	-54	-19	-69	57	-48	-36	7	-24	-9
Net Cash Flow	3	-0	-3	-1	4	6	-13	2	-1	-2	2	-3

	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
ROCE %	21%	14%	16%	12%	10%	14%	9%	13%	13%	9%	17%	23%
Debtor Days	22	9	15	14	21	16	23	12	17	20	22	13
Inventory Turnover	11.61	10.40	8.22	10.09	8.89	7.74	6.70	6.63	6.16	5.27	5.94	7.21