Gallantt Ispat Ltd.

Gallantt Ispat Ltd.

₹ 251 4.98%
19 Apr - close price
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]

  • Market Cap 6,048 Cr.
  • Current Price 251
  • High / Low 253 / 46.0
  • Stock P/E 30.6
  • Book Value 95.5
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 6.54 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 23.4% CAGR over last 5 years

Cons

  • Stock is trading at 2.63 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.56% 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
307 760 345 673 830 863 1,021 931 1,006 1,076 1,036 950 1,063
266 655 308 642 756 753 949 853 921 970 966 863 956
Operating Profit 41 105 37 31 74 110 72 78 86 106 71 86 107
OPM % 13% 14% 11% 5% 9% 13% 7% 8% 8% 10% 7% 9% 10%
1 12 2 5 3 44 1 4 1 19 1 2 1
Interest 3 6 2 5 5 6 4 7 8 9 6 7 8
Depreciation 4 24 7 23 23 23 25 25 25 25 25 28 29
Profit before tax 36 86 30 7 50 125 45 50 53 92 41 54 71
Tax % 34% 32% 35% 6% 42% 29% 45% 45% 61% 26% 25% 13% 26%
24 58 20 6 29 89 25 28 21 68 31 47 52
EPS in Rs 2.91 7.14 2.44 0.76 3.57 10.93 1.02 1.14 0.87 2.81 1.27 1.96 2.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
585 663 669 720 670 616 824 1,064 865 2,105 3,017 4,035 4,125
541 608 625 656 604 565 738 938 833 1,836 2,721 3,693 3,755
Operating Profit 44 55 44 65 66 52 86 125 32 269 297 342 369
OPM % 8% 8% 7% 9% 10% 8% 10% 12% 4% 13% 10% 8% 9%
3 5 1 1 3 1 5 5 1 9 53 25 24
Interest 16 10 12 12 7 6 7 6 6 22 20 27 29
Depreciation 16 16 17 17 18 17 15 14 14 68 92 100 106
Profit before tax 15 33 16 37 44 30 69 110 13 189 237 240 258
Tax % 5% 4% 6% 8% 5% 11% 29% 35% 42% 22% 26% 41%
15 32 15 34 42 27 49 72 7 148 176 141 198
EPS in Rs 1.79 3.90 1.85 4.17 5.11 3.28 6.07 8.81 0.92 18.18 21.62 5.84 8.19
Dividend Payout % 0% 0% 0% 0% 0% 0% 4% 3% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 37%
3 Years: 67%
TTM: 8%
Compounded Profit Growth
10 Years: 16%
5 Years: 23%
3 Years: 166%
TTM: 22%
Stock Price CAGR
10 Years: 29%
5 Years: 39%
3 Years: 73%
1 Year: 306%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 9%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 81 81 81 81 81 81 81 81 81 81 81 241 241
Reserves 119 151 166 200 242 282 331 400 405 1,824 2,002 1,984 2,062
117 58 128 91 62 74 55 51 123 388 387 538 490
75 122 60 52 59 31 94 31 54 147 219 186 277
Total Liabilities 392 413 435 424 444 468 561 564 663 2,441 2,689 2,949 3,070
204 193 207 212 205 230 219 208 198 1,348 1,452 1,623 1,892
CWIP 1 9 7 5 18 13 29 127 241 277 359 316 79
Investments 43 43 43 43 43 43 43 43 43 60 1 2 18
145 169 179 165 178 183 270 186 182 756 877 1,009 1,082
Total Assets 392 413 435 424 444 468 561 564 663 2,441 2,689 2,949 3,070

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
25 84 -43 70 56 31 109 43 41 173 234 96
-2 -9 -27 -20 -22 -40 -83 -37 -106 -193 -209 -225
-19 -69 57 -48 -36 7 -24 -9 65 10 -19 126
Net Cash Flow 4 6 -13 2 -1 -2 2 -3 -0 -10 6 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21 16 23 12 17 20 22 13 10 23 19 12
Inventory Days 46 53 56 55 57 77 65 51 69 56 50 48
Days Payable 24 50 6 0 3 17 47 8 19 18 24 7
Cash Conversion Cycle 43 20 74 67 71 80 41 55 59 61 45 53
Working Capital Days 35 21 65 66 76 74 63 45 35 105 80 80
ROCE % 10% 14% 9% 13% 13% 9% 17% 23% 3% 15% 10% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.24% 67.24% 67.24% 67.24% 68.72% 68.72% 68.73% 68.75% 68.79% 68.94% 68.94% 68.93%
0.00% 0.08% 0.10% 0.10% 0.03% 0.01% 0.01% 0.01% 0.01% 0.00% 0.01% 0.02%
32.76% 32.68% 32.66% 32.67% 31.25% 31.26% 31.25% 31.22% 31.19% 31.05% 31.04% 31.02%
No. of Shareholders 8,65010,48910,95811,43818,98218,34618,57818,35518,87620,35620,73120,884

* 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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