Goldstar Power Ltd
₹ 9.75
-0.51%
03 Jul
1:00 p.m.
About
Incorporated in 1999, Goldstar Power Ltd manufactures Batteries and Battery Product[1]
Key Points
- Market Cap ₹ 235 Cr.
- Current Price ₹ 9.75
- High / Low ₹ 14.6 / 7.20
- Stock P/E 103
- Book Value ₹ 1.27
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 7.77 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 7.74 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 6.16% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- Earnings include an other income of Rs.2.08 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.
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Half Yearly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
48.83 | 37.48 | 40.03 | 54.47 | 43.13 | 36.37 | 35.88 | 42.06 | 42.91 | 49.98 | 50.17 | 48.38 | |
46.81 | 38.79 | 38.00 | 50.86 | 41.00 | 34.58 | 34.98 | 41.10 | 40.51 | 44.00 | 43.41 | 43.80 | |
Operating Profit | 2.02 | -1.31 | 2.03 | 3.61 | 2.13 | 1.79 | 0.90 | 0.96 | 2.40 | 5.98 | 6.76 | 4.58 |
OPM % | 4.14% | -3.50% | 5.07% | 6.63% | 4.94% | 4.92% | 2.51% | 2.28% | 5.59% | 11.96% | 13.47% | 9.47% |
2.99 | 3.82 | 0.48 | 0.58 | 1.10 | 1.26 | 1.93 | 1.75 | 1.27 | 2.09 | 2.15 | 2.08 | |
Interest | 3.49 | 1.76 | 1.41 | 1.65 | 1.42 | 0.86 | 0.89 | 0.96 | 1.19 | 1.48 | 1.84 | 1.57 |
Depreciation | 0.98 | 1.53 | 1.57 | 1.36 | 1.31 | 1.57 | 1.63 | 1.58 | 1.42 | 1.59 | 1.57 | 1.59 |
Profit before tax | 0.54 | -0.78 | -0.47 | 1.18 | 0.50 | 0.62 | 0.31 | 0.17 | 1.06 | 5.00 | 5.50 | 3.50 |
Tax % | 44.44% | -15.38% | -17.02% | 50.00% | 44.00% | -64.52% | -22.58% | 52.94% | 33.02% | 25.60% | 26.55% | 34.57% |
0.30 | -0.66 | -0.39 | 0.59 | 0.29 | 1.01 | 0.37 | 0.08 | 0.71 | 3.73 | 4.05 | 2.28 | |
EPS in Rs | 0.10 | -0.23 | -0.13 | 0.20 | 0.01 | 0.04 | 0.02 | 0.00 | 0.03 | 0.15 | 0.17 | 0.09 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 6% |
3 Years: | 4% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 44% |
3 Years: | 48% |
TTM: | -44% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 54% |
3 Years: | 95% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 9% |
3 Years: | 13% |
Last Year: | 8% |
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 | 1.30 | 1.30 | 1.30 | 1.30 | 10.70 | 10.70 | 10.70 | 10.70 | 10.70 | 19.26 | 24.07 | 24.07 |
Reserves | 10.37 | 9.66 | 9.27 | 9.30 | 7.55 | 8.56 | 8.94 | 9.01 | 9.72 | 4.89 | 4.12 | 6.40 |
25.95 | 15.77 | 14.11 | 11.33 | 7.93 | 7.87 | 8.80 | 11.57 | 17.64 | 13.15 | 18.22 | 10.92 | |
5.36 | 11.36 | 8.86 | 11.43 | 9.05 | 7.23 | 7.00 | 4.17 | 8.17 | 7.19 | 7.43 | 10.04 | |
Total Liabilities | 42.98 | 38.09 | 33.54 | 33.36 | 35.23 | 34.36 | 35.44 | 35.45 | 46.23 | 44.49 | 53.84 | 51.43 |
17.04 | 15.59 | 14.16 | 13.00 | 12.27 | 13.33 | 11.80 | 10.62 | 9.79 | 15.21 | 18.19 | 16.96 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.76 | 0.00 | 0.00 | 0.00 | 7.02 | 0.00 | 0.00 | 0.00 |
Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 7.60 | 9.70 |
25.93 | 22.49 | 19.37 | 20.35 | 22.19 | 21.02 | 23.63 | 24.83 | 29.42 | 29.28 | 28.05 | 24.77 | |
Total Assets | 42.98 | 38.09 | 33.54 | 33.36 | 35.23 | 34.36 | 35.44 | 35.45 | 46.23 | 44.49 | 53.84 | 51.43 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2.90 | 10.58 | 1.35 | 2.17 | -1.99 | 2.57 | 0.50 | -0.17 | -0.93 | 6.54 | 7.99 | 8.96 | |
-1.44 | -0.13 | -0.03 | -0.45 | -1.30 | -1.77 | 0.10 | 1.05 | -7.44 | -0.54 | -11.51 | -0.07 | |
3.82 | -10.40 | -2.23 | -1.60 | 3.13 | -1.00 | 0.02 | 1.06 | 5.79 | -5.97 | 3.22 | -8.87 | |
Net Cash Flow | -0.52 | 0.05 | -0.92 | 0.12 | -0.16 | -0.21 | 0.62 | 1.94 | -2.58 | 0.03 | -0.29 | 0.02 |
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 | 43.43 | 94.66 | 78.69 | 37.26 | 47.05 | 54.19 | 36.93 | 54.15 | 81.32 | 81.06 | 84.17 | 106.15 |
Inventory Days | 150.49 | 102.65 | 78.98 | 47.16 | 64.02 | 164.00 | 189.98 | 122.56 | 156.62 | 133.01 | 118.64 | 86.00 |
Days Payable | 23.32 | 92.67 | 59.81 | 39.23 | 36.82 | 41.84 | 41.72 | 15.71 | 21.71 | 5.00 | 1.33 | 38.28 |
Cash Conversion Cycle | 170.60 | 104.64 | 97.86 | 45.19 | 74.26 | 176.35 | 185.18 | 161.00 | 216.23 | 209.07 | 201.48 | 153.87 |
Working Capital Days | 146.73 | 103.33 | 62.82 | 55.75 | 111.37 | 128.66 | 151.78 | 152.04 | 183.73 | 163.37 | 158.46 | 123.20 |
ROCE % | 8.02% | 3.05% | 3.66% | 12.14% | 8.02% | 5.55% | 4.32% | 3.78% | 6.49% | 17.33% | 17.54% | 11.55% |
Documents
Announcements
-
Resignation
1 July 2025 - Resignation of Company Secretary Vidhi Ankit Pala effective July 1, 2025, noted by board.
-
Outcome of Board Meeting
1 July 2025 - Resignation of Company Secretary Vidhi Ankit Pala effective July 1, 2025.
-
Disclosure under SEBI Takeover Regulations
27 June 2025 - Mr. Amrutlal Mohanbhai Pansara has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) …
-
Outcome of Board Meeting
19 May 2025 - Goldstar Power reports audited FY25 results with ₹4,838 Cr revenue, ₹349 Cr PBT, unmodified auditor opinion.
-
Shareholders meeting
25 April 2025 - Goldstar Power passed resolutions to increase share capital, NRI investment limits, and preferential equity issuance.
Business Overview:[1][2][3]
GSL manufactures and assembles all types
of batteries including storage batteries, dry batteries, solar power batteries and also does trading of Inverter, Chemicals & other battery related equipment. It procures Battery Scrap and Discarded Batteries from dealers and retailers and converts to finished product which are marketed under the brand name Goldstar. These are used in Lead Acid Batteries for Automotive, Industrial, Motorcycle, UPS, Solar, Genset and Inverter application. Company caters to all 3 segments of market viz. exports, domestic/after sales market and OEM