Gallantt Ispat Ltd.

Gallantt Ispat Ltd.

₹ 290 0.42%
26 Apr 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 6,997 Cr.
  • Current Price 290
  • High / Low 294 / 46.0
  • Stock P/E 35.4
  • Book Value 95.5
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE 6.54 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.03 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 9.35% 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

Consolidated Figures in Rs. Crores / View Standalone

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
307 355 652 673 455 863 1,021 931 1,006 1,076 1,036 950 1,063
266 304 570 642 423 753 949 853 921 970 966 863 956
Operating Profit 41 51 82 31 32 110 72 78 86 106 71 86 107
OPM % 13% 14% 13% 5% 7% 13% 7% 8% 8% 10% 7% 9% 10%
1 0 3 5 3 44 1 4 1 19 1 2 1
Interest 3 2 5 5 2 6 4 7 8 9 6 7 8
Depreciation 4 5 23 23 7 23 25 25 25 25 25 28 29
Profit before tax 36 44 56 7 27 125 45 50 53 92 41 54 71
Tax % 34% 34% 33% 6% 38% 29% 45% 45% 61% 26% 25% 13% 26%
32 38 38 6 22 89 25 28 21 68 31 47 52
EPS in Rs 3.99 4.67 4.66 0.76 2.70 10.93 1.02 1.14 0.87 2.81 1.27 1.96 2.15
Raw PDF
Upcoming result date: 2 May 2024

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 Mar 2023 TTM
720 670 616 824 1,064 865 1,007 3,017 4,035 4,125
656 604 565 738 938 833 896 2,721 3,693 3,755
Operating Profit 65 66 52 86 125 32 111 296 342 369
OPM % 9% 10% 8% 10% 12% 4% 11% 10% 8% 9%
1 3 1 5 5 1 2 54 25 24
Interest 12 7 6 7 6 6 10 20 27 29
Depreciation 17 18 17 15 14 14 16 92 100 106
Profit before tax 37 44 30 69 110 13 88 237 240 258
Tax % 8% 5% 11% 29% 35% 42% 35% 26% 41%
34 46 38 63 104 22 81 176 141 198
EPS in Rs 4.17 5.62 4.65 7.71 12.83 2.76 10.01 21.62 5.84 8.19
Dividend Payout % 0% 0% 0% 3% 2% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 37%
3 Years: 67%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 85%
TTM: 22%
Stock Price CAGR
10 Years: 31%
5 Years: 43%
3 Years: 74%
1 Year: 373%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 9%
Last Year: 7%

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 Mar 2023 Sep 2023
Equity Capital 81 81 81 81 81 81 81 81 241 241
Reserves 200 289 340 452 554 574 656 2,002 1,984 2,062
91 62 74 56 51 123 114 387 538 490
52 59 31 94 31 54 79 219 186 277
Total Liabilities 424 492 527 683 718 832 930 2,689 2,949 3,070
212 205 230 219 208 198 463 1,452 1,623 1,892
CWIP 5 18 13 29 127 241 5 359 316 79
Investments 43 90 101 164 196 211 236 1 2 18
165 178 183 271 186 182 226 876 1,009 1,082
Total Assets 424 492 527 683 718 832 930 2,689 2,949 3,070

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 Mar 2023
70 56 42 122 76 57 92 234 96
-20 -22 -52 -97 -69 -122 -75 -209 -225
-48 -36 7 -23 -10 65 -17 -19 126
Net Cash Flow 2 -1 -2 2 -3 -0 1 6 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 12 17 20 22 13 10 18 19 12
Inventory Days 55 57 77 65 51 69 66 50 48
Days Payable 0 3 17 47 8 19 18 24 7
Cash Conversion Cycle 67 71 80 41 55 59 66 45 53
Working Capital Days 66 76 66 63 44 35 53 80 80
ROCE % 13% 8% 14% 18% 3% 12%

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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