Gallantt Ispat Ltd(Merged)

Gallantt Ispat Ltd(Merged)

₹ 64.2 -0.77%
03 Jun 2022
About

Incorporated in 2005, Gallantt Ispat Ltd. is a leading Iron and Steel manufacturing company. The Co. is primarily engaged in the manufacturing of iron and steel products such as sponge iron, bars, rods, billets, TMT bars, etc. [1][2]

Key Points

Product Offerings
The Company offer products like Sponge Iron, MS Billets, TMT Bars, and Wheat Products:
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.
The food grain business of the Co includes wheat flour products like Atta, Maida, Suji and Bran.
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 1,811 Cr.
  • Current Price 64.2
  • High / Low /
  • Stock P/E 18.8
  • Book Value 34.1
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 11.8 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 29.4% 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 12.4% 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 - Sponge Iron

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
343 313 311 226 245 238 182 221 290 405 307 281 375
296 283 275 223 233 225 150 202 235 351 262 262 333
Operating Profit 47 30 36 3 12 13 31 19 54 53 45 19 42
OPM % 14% 9% 12% 1% 5% 5% 17% 9% 19% 13% 15% 7% 11%
1 12 0 0 1 35 0 1 0 12 0 0 0
Interest 2 2 2 2 3 4 2 2 3 4 3 3 3
Depreciation 6 6 6 6 6 6 6 5 6 6 9 9 9
Profit before tax 40 33 28 -5 4 38 23 12 46 55 33 7 30
Tax % 21% 17% 11% 12% 29% 8% 28% 12% 25% 23% 24% -26% 35%
32 27 25 -4 3 34 17 10 34 42 26 9 19
EPS in Rs 1.13 0.96 0.89 -0.14 0.09 1.22 0.59 0.37 1.21 1.50 0.90 0.32 0.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
123 228 268 411 473 561 535 425 575 1,229 1,020 1,097 1,368
120 249 245 380 424 509 482 373 483 1,041 956 940 1,208
Operating Profit 3 -21 23 31 49 52 52 52 92 188 65 158 159
OPM % 2% -9% 9% 7% 10% 9% 10% 12% 16% 15% 6% 14% 12%
3 41 18 22 0 2 0 11 2 14 36 13 13
Interest 2 6 17 21 15 10 8 4 9 10 12 12 13
Depreciation 4 6 14 17 17 15 14 14 18 26 24 23 34
Profit before tax 0 8 9 15 17 30 31 45 67 166 65 136 125
Tax % 6,529% 62% 38% 23% 13% 10% 8% 3% 20% 22% 10% 24%
-4 3 6 12 15 27 29 43 54 130 58 104 96
EPS in Rs 0.12 0.22 0.44 0.51 0.93 1.01 1.54 1.90 4.61 2.06 3.67 3.40
Dividend Payout % 0% 42% 23% 11% 10% 11% 10% 3% 3% 1% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 24%
TTM: 47%
Compounded Profit Growth
10 Years: 28%
5 Years: 29%
3 Years: 25%
TTM: 1%
Stock Price CAGR
10 Years: 8%
5 Years: 13%
3 Years: 18%
1 Year: %
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 19 27 27 27 29 29 28 28 28 28 28 28 28
Reserves 85 112 154 164 177 297 324 366 418 736 794 899 934
85 138 168 175 153 60 87 138 237 242 237 322 344
10 34 49 77 106 209 230 182 293 42 59 64 73
Total Liabilities 199 311 398 443 466 596 669 714 977 1,048 1,118 1,314 1,378
98 176 267 273 258 266 248 237 469 443 421 399 564
CWIP 44 63 16 0 0 8 23 91 11 60 178 271 190
Investments 1 1 1 1 1 39 79 48 46 43 43 103 123
56 71 114 169 207 283 318 338 450 502 475 541 501
Total Assets 199 311 398 443 466 596 669 714 977 1,048 1,118 1,314 1,378

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-46 20 15 30 35 43 47 71 76 50 140 74
-24 -110 -59 -7 -2 -22 -52 -37 -157 -42 -124 -149
70 93 42 -22 -31 -18 1 -35 81 -8 -16 75
Net Cash Flow 0 2 -2 1 3 3 -4 -1 -0 -0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 14 22 22 34 27 29 26 17 30 23 14 17
Inventory Days 36 39 78 37 37 42 44 62 107 51 55 46
Days Payable 14 13 15 3 2 13 13 10 54 2 11 3
Cash Conversion Cycle 36 48 85 69 62 59 58 70 83 72 59 60
Working Capital Days 148 20 67 99 106 104 134 126 94 135 144 158
ROCE % 1% -3% 5% 10% 9% 11% 9% 8% 12% 19% 7% 13%

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
63.10% 63.10% 63.10% 63.10% 63.10% 63.09% 63.09% 63.09% 63.09% 63.09% 63.09% 63.09%
0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
36.90% 36.90% 36.87% 36.90% 36.90% 36.91% 36.91% 36.91% 36.90% 36.90% 36.91% 36.91%
No. of Shareholders 3,3003,4433,3783,2643,5743,6283,5744,0825,8978,0288,1298,128

* 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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