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 14.8
  • Book Value 42.0
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 11.4 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.6% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
343 313 311 226 245 238 182 221 290 405 328 303 375
296 283 275 223 233 225 150 202 235 352 282 285 333
Operating Profit 47 30 36 3 12 13 31 19 54 53 46 18 42
OPM % 14% 9% 12% 1% 5% 5% 17% 9% 19% 13% 14% 6% 11%
1 12 0 0 1 35 0 1 0 2 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 45 34 6 30
Tax % 21% 17% 11% 12% 29% 8% 28% 12% 25% 24% 24% -33% 35%
37 32 28 -3 3 33 17 12 46 49 36 11 28
EPS in Rs 1.30 1.15 1.00 -0.11 0.10 1.15 0.58 0.44 1.62 1.72 1.27 0.38 0.98
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 TTM
561 580 425 575 1,229 1,020 1,097 1,411
509 527 373 483 1,041 956 940 1,251
Operating Profit 52 53 52 92 188 65 157 160
OPM % 9% 9% 12% 16% 15% 6% 14% 11%
2 1 11 2 14 36 3 3
Interest 10 8 4 9 10 12 12 13
Depreciation 15 14 14 18 26 24 23 34
Profit before tax 30 31 45 67 166 65 126 116
Tax % 10% 8% 3% 20% 22% 10% 24%
27 48 56 78 164 61 123 123
EPS in Rs 0.93 1.70 2.00 2.75 5.80 2.14 4.37 4.35
Dividend Payout % 11% 6% 3% 2% 1% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 24%
TTM: 52%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 17%
TTM: 14%
Stock Price CAGR
10 Years: 8%
5 Years: 15%
3 Years: 13%
1 Year: %
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 29 28 28 28 28 28 28 28
Reserves 297 344 464 731 927 987 1,112 1,159
60 91 138 237 242 237 322 345
209 208 182 103 42 59 64 76
Total Liabilities 596 671 812 1,099 1,239 1,311 1,527 1,609
266 248 237 469 443 421 399 566
CWIP 8 23 91 11 60 178 281 217
Investments 39 59 145 165 234 236 264 276
283 341 339 455 502 475 583 550
Total Assets 596 671 812 1,099 1,239 1,311 1,527 1,609

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
43 21 191 96 53 140 60
-22 -12 -152 -178 -46 -124 -109
-18 -11 -39 81 -8 -16 75
Net Cash Flow 3 -2 -0 -1 -0 0 25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 29 25 17 33 23 14 17
Inventory Days 42 44 62 107 51 55 46
Days Payable 13 11 10 54 2 11 3
Cash Conversion Cycle 59 58 70 86 72 59 60
Working Capital Days 104 141 126 218 135 144 159
ROCE % 9% 7% 9% 15% 6% 10%

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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