Godawari Power & Ispat Ltd

Godawari Power & Ispat is mainly engaged in Generation of Electricity, Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys.(Source : 201903 Annual Report Page No: 86)

Pros:
Company has reduced debt.
Stock is trading at 0.47 times its book value
Company has good consistent profit growth of 30.62% over 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 13.05% for last 3 years.
Promoters have pledged 32.57% of their holding.

Peer Comparison Sector: Steel // Industry: Steel - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
348 454 475 455 574 623 643 713 753 766 728 680
307 380 403 371 449 470 489 546 606 615 601 569
Operating Profit 41 75 72 83 124 153 154 167 147 151 127 111
OPM % 12% 16% 15% 18% 22% 25% 24% 23% 20% 20% 17% 16%
Other Income 6 3 3 14 0 -15 1 1 1 1 1 1
Interest 41 46 46 47 46 47 45 47 44 45 41 40
Depreciation 20 19 22 23 22 22 23 23 22 22 23 23
Profit before tax -14 11 7 28 57 69 87 97 81 84 65 49
Tax % 4% 3% 4% 19% -13% -28% 36% 36% 38% 46% 38% 33%
Net Profit -14 11 7 23 64 88 56 62 50 46 41 33
EPS in Rs -4.15 3.14 1.97 6.63 18.82 25.09 16.28 18.13 14.66 13.02 11.50 9.32
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
829 1,034 776 934 1,745 1,910 1,537 1,926 1,535 1,544 2,111 2,855 2,927
668 919 652 740 1,496 1,669 1,325 1,663 1,385 1,381 1,678 2,235 2,391
Operating Profit 161 115 123 193 249 241 212 263 150 163 432 620 536
OPM % 19% 11% 16% 21% 14% 13% 14% 14% 10% 11% 20% 22% 18%
Other Income 1 10 3 3 3 10 24 16 12 14 3 3 4
Interest 30 34 32 60 101 92 115 145 163 177 185 182 170
Depreciation 24 26 32 47 51 52 67 66 73 78 89 91 91
Profit before tax 108 65 62 89 100 106 55 69 -75 -78 161 350 280
Tax % 12% 12% 17% 20% 21% -17% -1% 10% 35% 1% -13% 39%
Net Profit 95 57 51 71 79 124 56 62 -48 -77 182 213 169
EPS in Rs 33.16 20.01 17.89 22.02 24.45 37.50 17.08 18.80 0.00 0.00 53.34 62.52 48.50
Dividend Payout % 12% 12% 14% 11% 10% 7% 15% 5% -0% -0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.68%
5 Years:13.18%
3 Years:22.96%
TTM:14.70%
Compounded Profit Growth
10 Years:14.03%
5 Years:30.62%
3 Years:86.37%
TTM:-40.64%
Stock Price CAGR
10 Years:-0.65%
5 Years:2.28%
3 Years:35.35%
1 Year:-41.78%
Return on Equity
10 Years:10.24%
5 Years:8.30%
3 Years:13.05%
Last Year:21.93%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
28 28 28 32 32 33 33 33 32 34 34 34 34
Reserves 356 405 452 527 597 671 732 788 699 651 833 1,043 1,117
Borrowings 284 332 392 644 685 1,015 1,182 1,189 1,330 1,551 1,499 1,320 1,196
73 77 97 85 168 300 356 587 481 321 383 444 311
Total Liabilities 742 842 968 1,288 1,483 2,018 2,303 2,596 2,541 2,557 2,749 2,841 2,657
384 380 581 686 677 691 1,248 1,339 1,362 1,435 1,408 1,425 1,394
CWIP 13 171 60 37 136 412 65 114 165 59 89 45 101
Investments 32 45 72 212 212 253 289 294 276 280 281 348 347
313 246 255 354 457 662 701 849 738 783 972 1,024 814
Total Assets 742 842 968 1,288 1,483 2,018 2,303 2,596 2,541 2,557 2,749 2,841 2,657

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
50 159 101 82 193 144 233 365 159 -75 323 480
-65 -187 -148 -219 -166 -366 -273 -219 -127 -5 -100 -125
66 5 19 126 -20 224 39 -142 -21 76 -237 -361
Net Cash Flow 51 -22 -27 -11 8 1 -2 4 12 -5 -14 -7

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 24% 14% 12% 14% 16% 13% 9% 11% 4% 5% 15% 22%
Debtor Days 21 11 17 21 17 20 18 22 20 17 19 16
Inventory Turnover 6.99 6.88 5.29 4.82 7.11 7.14 5.52 6.40 4.37 4.71 6.46 6.06