Goldstar Power Ltd

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Goldstar Power Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Goldstar Power Ltd

₹ 9.00 -1.64%
21 Sep - close price
goldstarpower.com NSE - SME: GOLDSTAR
About

Incorporated in 1999, Goldstar Power Ltd manufactures Batteries and Battery Product[1]

Key Points

Business evolution:[1]
The legacy business is an integrated lead-
acid battery/lead-products operation at
Hapa, Jamnagar.
It moved from plates into integrated battery manufacture. In FY26, it added a much larger shipping/logistics business through Red Fire, transforming the group profile.[2]

Website NSE - SM
  • Market Cap ₹ 258 Cr.
  • Current Price ₹ 9.00
  • High / Low ₹ 9.95 / 4.50
  • Stock P/E 2,342
  • Book Value ₹ 2.85
  • Dividend Yield 0.00 %
  • ROCE 3.57 %
  • ROE 1.80 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.16 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.48% over past five years.
  • Company has a low return on equity of 6.58% over last 3 years.
  • Earnings include an other income of Rs.1.77 Cr.
  • Promoter holding has decreased over last 3 years: -11.6%

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
7.55 14.95 7.18 25.87 9.84 18.08 5.05 4.12 6.88
7.13 12.76 7.52 23.78 8.50 18.84 4.94 2.80 6.92
Operating Profit 0.42 2.19 -0.34 2.09 1.34 -0.76 0.11 1.32 -0.04
OPM % 5.56% 14.65% -4.74% 8.08% 13.62% -4.20% 2.18% 32.04% -0.58%
0.39 0.53 0.01 1.16 0.39 1.20 0.19 0.02 0.36
Interest 0.51 0.43 0.36 0.75 0.29 0.33 0.30 0.15 0.16
Depreciation 0.40 0.00 0.40 0.80 0.37 0.37 0.37 0.37 0.37
Profit before tax -0.10 2.29 -1.09 1.70 1.07 -0.26 -0.37 0.82 -0.21
Tax % 0.00% 33.19% 2.75% 31.76% 33.64% -61.54% -18.92% 14.63% -9.52%
-0.09 1.53 -1.11 1.17 0.71 -0.10 -0.30 0.70 -0.19
EPS in Rs -0.00 0.06 -0.05 0.05 0.03 -0.00 -0.01 0.02 -0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
37.48 40.03 54.47 43.13 36.37 35.88 42.06 42.91 49.98 50.17 48.38 37.10 34.13
38.79 38.00 50.86 41.00 34.58 34.98 41.10 40.51 44.00 43.34 43.80 35.08 33.50
Operating Profit -1.31 2.03 3.61 2.13 1.79 0.90 0.96 2.40 5.98 6.83 4.58 2.02 0.63
OPM % -3.50% 5.07% 6.63% 4.94% 4.92% 2.51% 2.28% 5.59% 11.96% 13.61% 9.47% 5.44% 1.85%
3.82 0.48 0.58 1.10 1.26 1.93 1.75 1.27 2.09 2.08 2.08 1.80 1.77
Interest 1.76 1.41 1.65 1.42 0.86 0.89 0.96 1.19 1.48 1.84 1.57 1.07 0.94
Depreciation 1.53 1.57 1.36 1.31 1.57 1.63 1.58 1.42 1.59 1.57 1.59 1.48 1.48
Profit before tax -0.78 -0.47 1.18 0.50 0.62 0.31 0.17 1.06 5.00 5.50 3.50 1.27 -0.02
Tax % -15.38% -17.02% 50.00% 44.00% -64.52% -22.58% 52.94% 33.02% 25.60% 26.55% 34.57% 20.47%
-0.66 -0.39 0.59 0.29 1.01 0.37 0.08 0.71 3.73 4.05 2.28 1.01 0.11
EPS in Rs -0.23 -0.13 0.20 0.01 0.04 0.02 0.00 0.03 0.15 0.17 0.09 0.04 0.00
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: -1%
5 Years: -2%
3 Years: -9%
TTM: -41%
Compounded Profit Growth
10 Years: 16%
5 Years: 66%
3 Years: -35%
TTM: -95%
Stock Price CAGR
10 Years: %
5 Years: 56%
3 Years: -7%
1 Year: 1%
Return on Equity
10 Years: 6%
5 Years: 8%
3 Years: 7%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1.30 1.30 1.30 10.70 10.70 10.70 10.70 10.70 19.26 24.07 24.07 28.62
Reserves 9.66 9.27 9.30 7.55 8.56 8.94 9.01 9.72 4.89 4.12 6.40 52.90
15.77 14.11 11.33 7.93 7.87 8.80 11.57 17.64 13.15 18.21 10.91 8.09
11.36 8.86 11.43 9.05 7.23 7.00 4.17 8.17 7.19 7.44 10.06 8.34
Total Liabilities 38.09 33.54 33.36 35.23 34.36 35.44 35.45 46.23 44.49 53.84 51.44 97.95
15.59 14.16 13.00 12.27 13.33 11.80 10.62 9.79 15.21 18.19 16.96 15.77
CWIP 0.00 0.00 0.00 0.76 0.00 0.00 0.00 7.02 0.00 0.00 0.00 0.00
Investments 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 7.60 9.70 60.52
22.49 19.37 20.35 22.19 21.02 23.63 24.83 29.42 29.28 28.05 24.78 21.66
Total Assets 38.09 33.54 33.36 35.23 34.36 35.44 35.45 46.23 44.49 53.84 51.44 97.95

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10.58 1.35 2.17 -1.99 2.57 0.50 -0.17 -0.93 6.54 7.99 8.96 4.71
-0.13 -0.03 -0.45 -1.30 -1.77 0.10 1.05 -7.44 -0.54 -11.17 -0.07 -50.84
-10.40 -2.23 -1.60 3.13 -1.00 0.02 1.06 5.79 -5.97 3.22 -8.87 46.15
Net Cash Flow 0.05 -0.92 0.12 -0.16 -0.21 0.62 1.94 -2.58 0.03 0.04 0.02 0.02
Free Cash Flow 10.45 1.32 1.85 -3.42 0.69 0.36 -0.57 -8.55 6.51 3.45 8.60 4.41
CFO/OP -808% 71% 67% -86% 150% 71% 8% -18% 122% 134% 219% 245%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 94.66 78.69 37.26 47.05 54.19 36.93 54.15 81.32 81.06 84.17 106.15 125.04
Inventory Days 102.65 78.98 47.16 64.02 164.00 189.98 122.56 156.62 133.01 118.64 86.00 85.35
Days Payable 92.67 59.81 39.23 36.82 41.84 41.72 15.71 21.71 5.00 1.33 38.28 1.82
Cash Conversion Cycle 104.64 97.86 45.19 74.26 176.35 185.18 161.00 216.23 209.07 201.48 153.87 208.58
Working Capital Days 103.33 -29.45 -16.28 45.19 57.81 69.18 99.19 98.84 110.57 61.11 57.56 84.12
ROCE % 3.05% 3.66% 12.14% 8.02% 5.55% 4.32% 3.78% 6.49% 17.33% 17.54% 11.55% 3.57%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Storage Batteries
NOS per year

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Sales Volume - Storage Batteries
UNITS
Capacity Utilization - Storage Batteries
%
Production Volume - Storage Batteries
NOS
Sales Volume - Battery Plate
KGS
Sales Volume - Trading Goods
NOS

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 61.32% 61.32% 61.32% 61.32%
27.09% 27.09% 27.09% 27.09% 27.09% 27.09% 27.09% 27.09% 38.68% 38.68% 38.68% 38.68%
No. of Shareholders 7474771,1261,3411,7081,7101,6741,6821,6731,6661,671

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