Gallantt Ispat Ltd.

₹ 64.6 -0.62%
05 Dec 4:01 p.m.
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 1,557 Cr.
  • Current Price 64.6
  • High / Low 86.1 / 53.4
  • Stock P/E 9.56
  • Book Value 88.5
  • Dividend Yield 0.00 %
  • ROCE 15.5 %
  • ROE 12.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.73 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 36.1% 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 10.2% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 55.7 days to 79.7 days

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
186 224 207 127 218 307 355 652 673 455 863 1,021 931
189 217 194 122 204 266 304 570 642 423 753 949 853
Operating Profit -3 7 14 5 14 41 51 82 31 32 110 72 78
OPM % -2% 3% 7% 4% 6% 13% 14% 13% 5% 7% 13% 7% 8%
0 0 0 0 1 1 0 3 5 3 44 1 4
Interest 2 2 1 1 4 3 2 5 5 2 6 4 7
Depreciation 4 4 3 3 3 4 5 23 23 7 23 25 25
Profit before tax -9 1 10 0 8 36 44 56 7 27 125 45 50
Tax % 121% 74% 114% 144% 44% 34% 34% 33% 6% 38% 29% 45% 45%
Net Profit 1 1 7 4 7 32 38 38 6 22 89 25 28
EPS in Rs 0.10 0.13 0.91 0.50 0.85 3.99 4.67 4.66 0.76 2.70 10.93 1.02 1.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
720 670 616 824 1,064 865 1,007 3,017 3,271
656 604 565 738 938 833 896 2,721 2,978
Operating Profit 65 66 52 86 125 32 111 296 293
OPM % 9% 10% 8% 10% 12% 4% 11% 10% 9%
1 3 1 5 5 1 2 54 52
Interest 12 7 6 7 6 6 10 20 18
Depreciation 17 18 17 15 14 14 16 92 79
Profit before tax 37 44 30 69 110 13 88 237 248
Tax % 8% 5% 11% 29% 35% 42% 35% 26%
Net Profit 34 46 38 63 104 22 81 176 163
EPS in Rs 4.17 5.62 4.65 7.71 12.83 2.76 10.01 21.62 15.79
Dividend Payout % 0% 0% 0% 3% 2% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: 42%
TTM: 65%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 19%
TTM: 42%
Stock Price CAGR
10 Years: 9%
5 Years: 14%
3 Years: 33%
1 Year: -6%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 81 241
Reserves 200 289 340 452 554 574 656 2,002 1,894
91 62 74 56 51 123 114 387 440
52 59 31 94 31 54 79 219 244
Total Liabilities 424 492 527 683 718 832 930 2,689 2,819
212 205 230 219 208 198 463 1,452 1,656
CWIP 5 18 13 29 127 241 5 359 212
Investments 43 90 101 164 196 211 236 1 1
165 178 183 271 186 182 226 876 950
Total Assets 424 492 527 683 718 832 930 2,689 2,819

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
70 56 42 122 76 57 92 234
-20 -22 -52 -97 -69 -122 -75 -209
-48 -36 7 -23 -10 65 -17 -19
Net Cash Flow 2 -1 -2 2 -3 -0 1 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 12 17 20 22 13 10 18 19
Inventory Days 55 57 77 65 51 69 66 50
Days Payable 0 3 17 47 8 19 18 24
Cash Conversion Cycle 67 71 80 41 55 59 66 45
Working Capital Days 66 76 66 63 44 35 53 80
ROCE % 13% 8% 14% 18% 3% 12% 16%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
67.23 67.23 67.23 67.23 67.23 67.22 67.24 67.24 67.24 67.24 68.72 68.72
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.10 0.10 0.03 0.01
0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
32.75 32.77 32.77 32.77 32.77 32.78 32.76 32.68 32.66 32.67 31.25 31.26

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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