Godawari Power & Ispat Ltd

Godawari Power & Ispat Ltd

₹ 198 -2.90%
20 May - close price
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:[1]
Co has 2 captive mines- Ari Dongri Mine(2.35 mn MTPA) & Boria Tibu Mine (0.7mn MTPA) with 165MnT Reserves and 35+ years of mine life.[2]
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.[3]
Subsidiary-ASL has to rely on merchant mines for its RM needs.

  • Market Cap 13,249 Cr.
  • Current Price 198
  • High / Low 254 / 146
  • Stock P/E 16.3
  • Book Value 73.3
  • Dividend Yield 0.51 %
  • ROCE 23.3 %
  • ROE 17.3 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 20.3%

Cons

  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Promoter holding has decreased over last 3 years: -3.99%

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,438 1,666 1,307 1,463 1,317 1,326 1,291 1,309 1,530 1,342 1,268 1,298 1,468
1,041 1,206 1,072 1,280 1,041 1,019 930 978 1,201 935 1,021 1,076 1,150
Operating Profit 397 461 235 183 276 307 361 331 329 408 247 221 318
OPM % 28% 28% 18% 13% 21% 23% 28% 25% 22% 30% 19% 17% 22%
124 16 26 41 14 44 26 17 41 32 24 20 32
Interest 1 4 10 18 14 10 10 16 24 14 14 13 15
Depreciation 27 28 31 33 32 34 35 35 37 38 39 37 40
Profit before tax 493 445 221 174 243 307 343 296 310 387 218 192 295
Tax % 20% 26% 24% 26% 30% 25% 25% 23% 29% 26% 27% 24% 25%
392 327 169 128 170 231 257 229 219 287 159 145 222
EPS in Rs 5.77 4.64 2.39 1.82 2.41 3.40 3.78 3.37 3.21 4.22 2.38 2.16 3.31
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,113 2,384 1,976 1,799 2,506 3,294 3,270 3,949 5,397 5,745 5,445 5,376
1,766 2,026 1,759 1,508 1,909 2,505 2,646 2,812 3,529 4,612 4,117 4,182
Operating Profit 348 358 218 291 597 790 624 1,137 1,868 1,134 1,328 1,194
OPM % 16% 15% 11% 16% 24% 24% 19% 29% 35% 20% 24% 22%
15 60 14 16 6 9 -3 48 175 93 129 109
Interest 165 224 252 259 263 253 212 115 20 20 60 55
Depreciation 105 118 126 120 132 133 137 109 105 124 141 155
Profit before tax 92 77 -147 -73 208 414 273 962 1,918 1,083 1,256 1,092
Tax % 24% 8% -32% 1% -3% 37% 35% 32% 24% 27% 26% 26%
69 71 -100 -74 215 261 177 655 1,467 793 936 813
EPS in Rs 0.88 1.01 -1.35 -1.06 2.95 3.58 2.37 9.06 20.81 11.26 13.76 12.13
Dividend Payout % 14% 5% 0% 0% 0% 0% 0% 10% 12% 7% 7% 8%
Compounded Sales Growth
10 Years: 8%
5 Years: 10%
3 Years: 0%
TTM: -1%
Compounded Profit Growth
10 Years: 36%
5 Years: 36%
3 Years: -16%
TTM: -12%
Stock Price CAGR
10 Years: 45%
5 Years: 107%
3 Years: 37%
1 Year: 6%
Return on Equity
10 Years: 23%
5 Years: 27%
3 Years: 20%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 33 33 32 34 34 34 34 34 66 65 62 61
Reserves 831 892 763 663 889 1,135 1,344 2,001 3,246 3,841 4,434 4,845
2,084 2,038 2,007 2,214 2,124 1,886 1,697 896 428 317 52 309
566 786 613 342 405 456 407 542 1,149 937 998 942
Total Liabilities 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474 4,890 5,159 5,545 6,157
2,328 2,403 2,289 2,326 2,264 2,249 2,269 2,013 1,530 2,065 2,362 2,732
CWIP 137 187 238 136 171 130 137 137 643 443 433 430
Investments 51 67 114 108 131 132 123 277 239 242 222 471
998 1,091 774 683 885 1,000 951 1,046 2,478 2,410 2,528 2,524
Total Assets 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474 4,890 5,159 5,545 6,157

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
56 551 377 15 451 550 551 969 1,330 962 1,044 895
-276 -268 -6 14 -121 -66 -150 -62 -1,095 -220 -754 -436
213 -279 -374 -21 -354 -491 -401 -900 -233 -246 -679 -250
Net Cash Flow -7 4 -2 8 -24 -7 -0 6 2 496 -388 210

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 18 24 18 23 23 17 20 25 24 19 14 9
Inventory Days 119 104 110 98 112 123 112 100 133 88 111 114
Days Payable 77 120 119 40 42 40 36 38 81 57 65 57
Cash Conversion Cycle 60 8 9 81 93 99 96 87 76 50 60 67
Working Capital Days 61 25 -27 79 59 63 68 63 66 53 56 64
ROCE % 9% 8% 3% 6% 15% 21% 15% 34% 54% 27% 29% 23%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
67.50% 67.50% 67.50% 67.50% 67.68% 63.26% 63.26% 63.26% 63.26% 63.49% 63.51% 63.51%
2.01% 2.53% 3.01% 3.39% 3.64% 4.66% 5.41% 5.54% 7.50% 7.39% 7.11% 6.58%
0.36% 0.47% 0.75% 1.06% 1.11% 1.52% 2.09% 2.08% 1.96% 1.56% 1.90% 2.43%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
30.12% 29.49% 28.73% 28.05% 27.57% 30.56% 29.23% 29.12% 27.27% 27.54% 27.48% 27.47%
No. of Shareholders 93,17198,10589,4461,11,91382,41684,17087,01394,6761,69,9341,27,1241,38,6761,45,736

* 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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