Godawari Power & Ispat Ltd

₹ 384 -2.18%
03 Feb - close price
godawaripowerispat.com BSE: 532734 NSE : GPIL
About

Godawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys with generation of Electricity.

Key Points

Captive Iron Ore Mines:
Company has two captive mines- Ari Dongri Mine & Boria Tibu Mine.
GPIL sources 85% of its iron ore needs captively from its mines for the production of steel.
Captive mining leads to huge raw material costs saving.
Subsidiary-ASL has to rely on merchant mines for its RM needs.

Website BSE NSE
  • Market Cap ₹ 5,412 Cr.
  • Current Price ₹ 384
  • High / Low ₹ 498 / 223
  • Stock P/E 5.11
  • Book Value ₹ 245
  • Dividend Yield 2.54 %
  • ROCE 58.2 %
  • ROE 52.0 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 78.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.8%

Cons

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
681 719 647 574 876 954 1,237 1,126 1,247 1,401 1,300 1,483 1,201
569 623 541 478 677 674 768 553 831 981 928 1,054 969
Operating Profit 112 96 105 96 200 279 468 573 416 420 372 428 232
OPM % 16% 13% 16% 17% 23% 29% 38% 51% 33% 30% 29% 29% 19%
0 1 0 1 1 64 3 1 3 5 109 13 26
Interest 40 38 35 34 32 26 19 11 4 3 0 3 2
Depreciation 23 23 22 24 25 24 23 25 25 26 26 26 29
Profit before tax 49 36 48 39 144 293 430 538 389 397 455 413 228
Tax % 33% 41% 44% 37% 35% 31% 29% 25% 25% 25% 21% 26% 23%
Net Profit 33 21 27 25 94 203 304 403 292 297 359 304 176
EPS in Rs 2.33 1.50 1.91 1.75 6.68 14.40 21.56 28.56 20.69 21.07 25.50 21.55 12.50
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
934 1,745 1,910 1,537 1,926 1,535 1,544 2,111 2,855 2,758 3,632 5,072 5,385
740 1,496 1,669 1,325 1,663 1,385 1,381 1,678 2,235 2,318 2,588 3,291 3,933
Operating Profit 194 249 241 212 263 150 163 432 620 440 1,044 1,781 1,453
OPM % 21% 14% 13% 14% 14% 10% 11% 20% 22% 16% 29% 35% 27%
3 3 10 24 16 12 14 3 3 3 68 117 153
Interest 60 101 92 115 145 163 177 185 182 154 110 17 8
Depreciation 47 51 52 67 66 73 78 89 91 92 96 102 107
Profit before tax 89 100 106 55 69 -75 -78 161 350 198 906 1,779 1,492
Tax % 20% 21% -17% -1% 10% 35% 1% -13% 39% 39% 31% 24%
Net Profit 71 79 124 56 62 -48 -77 182 213 121 626 1,351 1,136
EPS in Rs 5.61 6.22 9.48 4.27 4.74 -3.68 -5.49 12.90 15.12 8.61 44.38 95.85 80.62
Dividend Payout % 11% 10% 7% 15% 5% 0% 0% 0% 0% 0% 10% 14%
Compounded Sales Growth
10 Years: 11%
5 Years: 27%
3 Years: 21%
TTM: 18%
Compounded Profit Growth
10 Years: 32%
5 Years: 79%
3 Years: 81%
TTM: -9%
Stock Price CAGR
10 Years: 31%
5 Years: 28%
3 Years: 92%
1 Year: 19%
Return on Equity
10 Years: 24%
5 Years: 35%
3 Years: 39%
Last Year: 52%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
32 32 33 33 33 32 34 34 34 34 34 68 68
Reserves 527 597 671 732 788 699 651 833 1,043 1,163 1,772 3,026 3,382
644 685 1,015 1,182 1,189 1,330 1,551 1,499 1,320 1,210 534 396 263
85 168 299 293 521 481 153 217 266 219 461 793 694
Total Liabilities 1,288 1,483 2,017 2,240 2,530 2,541 2,389 2,584 2,663 2,627 2,801 4,282 4,407
686 677 691 1,248 1,339 1,362 1,435 1,408 1,425 1,472 1,406 1,382 1,765
CWIP 37 136 412 65 114 165 59 89 45 53 54 416 154
Investments 212 212 253 289 294 276 280 281 348 346 341 341 544
354 457 662 638 782 738 615 806 846 756 999 2,142 1,944
Total Assets 1,288 1,483 2,017 2,240 2,530 2,541 2,389 2,584 2,663 2,627 2,801 4,282 4,407

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
82 193 144 233 365 159 -75 323 480 396 801 1,270
-219 -166 -366 -273 -219 -127 -5 -100 -125 -132 9 -1,050
126 -20 224 39 -142 -21 76 -237 -361 -263 -804 -221
Net Cash Flow -11 8 1 -2 4 12 -5 -14 -7 1 6 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 21 17 20 18 22 20 17 19 16 21 27 21
Inventory Days 156 80 74 106 92 128 92 108 121 101 105 122
Days Payable 24 30 49 72 121 143 34 40 39 29 41 76
Cash Conversion Cycle 153 67 44 53 -8 5 75 86 97 92 91 67
Working Capital Days 68 35 57 63 22 -7 96 59 62 67 66 65
ROCE % 14% 16% 13% 9% 11% 4% 5% 15% 22% 15% 40% 58%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
67.42 67.50 67.50 67.50 67.50 67.50 67.50 67.50 67.50 67.50 67.50 67.50
3.13 0.31 0.03 0.65 0.62 1.15 1.53 1.93 1.90 2.01 2.53 3.01
0.18 0.23 0.17 0.48 0.54 0.99 0.39 0.39 0.16 0.36 0.47 0.75
29.27 31.96 32.29 31.37 31.33 30.35 30.57 30.18 30.43 30.12 29.49 28.73

* 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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