Geekay Wires Ltd

Geekay Wires Ltd

₹ 72.2 -0.67%
21 May 12:04 p.m.
About

Incorporated in 1989, Geekay Wires Ltd manufactures Galvanized Steel Wires and Nails[1]

Key Points

Business Overview:[1]
GWL, part of the Kandoi Group, is an ISO 9001:2008 certified and BIS-licensed manufacturer of Galvanized Steel Wires. It is a preferred vendor for PGCIL, state transmission companies, electrical contractors, and corporates involved in power transmission, engineering, and construction projects. In FY24, the company expanded into Transportation Logistics Services through a Memorandum Amendment.

  • Market Cap 377 Cr.
  • Current Price 72.2
  • High / Low 148 / 64.0
  • Stock P/E 10.4
  • Book Value 27.7
  • Dividend Yield 0.85 %
  • ROCE 25.4 %
  • ROE 28.5 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 40.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.0%

Cons

  • Earnings include an other income of Rs.41.2 Cr.

* 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

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
79.12 87.62 104.84 103.30 103.58 97.80 109.09 105.95 98.71 97.16 123.83 113.30 124.03
68.89 84.37 100.44 93.91 88.09 86.98 100.33 96.36 91.45 88.63 122.20 108.38 117.28
Operating Profit 10.23 3.25 4.40 9.39 15.49 10.82 8.76 9.59 7.26 8.53 1.63 4.92 6.75
OPM % 12.93% 3.71% 4.20% 9.09% 14.95% 11.06% 8.03% 9.05% 7.35% 8.78% 1.32% 4.34% 5.44%
-2.04 2.99 2.54 1.88 5.28 3.50 7.49 8.22 9.91 8.52 14.10 12.08 6.48
Interest 1.98 1.57 1.39 1.54 1.93 1.27 1.06 1.65 1.37 1.95 1.64 2.13 2.20
Depreciation 0.91 0.93 0.99 1.03 1.12 1.24 1.25 1.40 1.51 1.61 1.75 1.95 2.07
Profit before tax 5.30 3.74 4.56 8.70 17.72 11.81 13.94 14.76 14.29 13.49 12.34 12.92 8.96
Tax % 27.55% 31.28% 28.95% 29.20% 29.74% 29.55% 29.20% 29.20% 31.00% 25.72% 25.45% 25.54% 17.75%
3.84 2.58 3.24 6.16 12.45 8.32 9.87 10.46 9.86 10.03 9.20 9.62 7.37
EPS in Rs 0.73 0.49 0.62 1.18 2.38 1.59 1.89 2.00 1.89 1.92 1.76 1.84 1.41
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
40 61 80 64 124 218 190 170 258 399 412 458
38 58 77 62 118 210 179 158 248 372 375 436
Operating Profit 2 3 3 2 6 8 11 12 10 27 36 22
OPM % 6% 4% 4% 4% 5% 4% 6% 7% 4% 7% 9% 5%
0 0 1 3 3 7 7 6 14 18 29 41
Interest 2 2 2 4 5 8 7 6 8 7 5 8
Depreciation 0 0 1 1 1 2 3 3 4 4 5 7
Profit before tax 0 0 1 1 2 5 9 9 13 35 55 48
Tax % 32% 21% 33% 32% 53% 42% 27% 29% 30% 30% 30% 24%
0 0 1 1 1 3 6 6 9 24 39 36
EPS in Rs 0.07 0.09 0.26 0.26 0.20 0.55 1.24 1.20 1.72 4.67 7.37 6.93
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 68% 29% 12% 2% 0%
Compounded Sales Growth
10 Years: 22%
5 Years: 19%
3 Years: 21%
TTM: 11%
Compounded Profit Growth
10 Years: 66%
5 Years: 41%
3 Years: 58%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: 40%
3 Years: 74%
1 Year: -28%
Return on Equity
10 Years: 27%
5 Years: 31%
3 Years: 36%
Last Year: 29%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 5 5 8 10 10 10 10 10 10 10
Reserves 0 0 1 6 15 23 30 35 42 63 99 134
19 20 26 53 71 70 55 87 109 92 73 111
5 15 11 5 25 23 13 9 40 53 50 32
Total Liabilities 29 40 43 69 119 126 108 141 200 219 232 288
6 7 9 18 33 38 38 45 46 60 73 110
CWIP 0 0 1 9 0 0 2 0 0 1 4 12
Investments 0 0 0 0 0 0 0 0 0 3 3 3
23 33 33 43 86 89 69 97 155 156 153 163
Total Assets 29 40 43 69 119 126 108 141 200 219 232 288

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1 5 1 -12 -14 17 13 -16 -8 53 62 31
-0 -1 -2 -13 -8 -5 -2 -7 1 -21 -19 -53
1 -2 2 24 26 -12 -13 22 12 -34 -41 18
Net Cash Flow 2 2 1 -1 4 0 -2 -1 5 -3 1 -4

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 89 114 77 115 114 89 78 69 87 68 56 62
Inventory Days 88 50 43 60 88 36 38 128 111 57 41 39
Days Payable 50 99 53 25 45 39 12 12 13 5 10 10
Cash Conversion Cycle 127 66 66 150 157 87 103 184 184 120 87 91
Working Capital Days 132 70 64 175 155 80 98 180 151 87 85 97
ROCE % 10% 10% 12% 9% 9% 13% 16% 13% 14% 27% 35% 25%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.29% 59.29% 59.34% 59.34% 59.27% 59.27% 59.27% 59.27% 59.27% 58.44% 58.44% 58.42%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
40.71% 40.71% 40.66% 40.66% 40.73% 40.73% 40.73% 40.73% 40.73% 41.47% 41.56% 41.57%
No. of Shareholders 4,5395,4835,97211,56511,20511,95916,62423,33327,51335,83535,31235,310

* 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.

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

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