Godawari Power & Ispat Ltd

Godawari Power & Ispat Ltd

₹ 780 -0.10%
23 Feb - 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:
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.

  • Market Cap 10,607 Cr.
  • Current Price 780
  • High / Low 845 / 338
  • Stock P/E 12.0
  • Book Value 297
  • Dividend Yield 0.51 %
  • ROCE 27.5 %
  • ROE 22.3 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 30.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.5%

Cons

  • Promoter holding has decreased over last 3 years: -4.24%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,132 1,237 1,160 1,274 1,607 1,438 1,666 1,307 1,463 1,317 1,326 1,291 1,309
785 767 557 838 1,114 1,041 1,206 1,072 1,280 1,049 1,019 930 978
Operating Profit 347 470 602 436 493 397 461 235 183 268 307 361 331
OPM % 31% 38% 52% 34% 31% 28% 28% 18% 13% 20% 23% 28% 25%
1 24 1 -10 17 124 16 26 41 14 44 26 17
Interest 36 18 19 12 12 1 4 10 18 6 10 10 16
Depreciation 36 23 33 33 34 27 28 31 33 32 34 35 35
Profit before tax 276 452 552 382 463 493 445 221 174 243 307 343 296
Tax % 40% 28% 25% 24% 25% 20% 26% 24% 26% 30% 25% 25% 23%
170 327 437 292 346 392 327 169 128 170 231 257 229
EPS in Rs 11.41 23.19 30.84 21.04 23.31 28.84 23.21 11.96 9.10 12.03 16.99 18.89 16.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,059 2,355 2,113 2,384 1,976 1,799 2,506 3,294 3,270 3,949 5,397 5,745 5,242
1,763 2,024 1,766 2,026 1,759 1,508 1,909 2,505 2,646 2,812 3,529 4,612 3,975
Operating Profit 296 331 348 358 218 291 597 790 624 1,137 1,868 1,134 1,267
OPM % 14% 14% 16% 15% 11% 16% 24% 24% 19% 29% 35% 20% 24%
11 15 15 60 14 16 6 9 -3 48 175 93 101
Interest 130 121 165 224 252 259 263 253 212 115 20 20 42
Depreciation 68 71 105 118 126 120 132 133 137 109 105 124 137
Profit before tax 110 154 92 77 -147 -73 208 414 273 962 1,918 1,083 1,189
Tax % 20% -3% 24% 8% 32% -1% -3% 37% 35% 32% 24% 27%
88 158 69 71 -100 -74 215 261 177 655 1,467 793 886
EPS in Rs 6.64 11.36 4.42 5.05 -6.77 -5.28 14.73 17.88 11.83 45.28 104.06 56.29 64.77
Dividend Payout % 9% 6% 14% 5% 0% 0% 0% 0% 0% 10% 12% 7%
Compounded Sales Growth
10 Years: 9%
5 Years: 18%
3 Years: 21%
TTM: -11%
Compounded Profit Growth
10 Years: 18%
5 Years: 31%
3 Years: 67%
TTM: -6%
Stock Price CAGR
10 Years: 46%
5 Years: 64%
3 Years: 77%
1 Year: 116%
Return on Equity
10 Years: 24%
5 Years: 32%
3 Years: 35%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 32 33 33 33 32 34 34 34 34 34 66 65 62
Reserves 646 745 831 892 763 663 889 1,135 1,344 2,001 3,246 3,841 3,970
Preference Capital 0 0 0 0 0 0 0 30 0 0 0 0
961 1,684 2,084 2,038 2,007 2,214 2,124 1,856 1,697 896 428 317 89
376 655 566 786 613 342 405 486 407 542 1,149 937 922
Total Liabilities 2,015 3,116 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474 4,890 5,159 5,044
1,051 1,070 2,328 2,403 2,289 2,326 2,264 2,249 2,269 2,013 1,530 2,065 2,016
CWIP 285 1,190 137 187 238 136 171 130 137 137 643 443 615
Investments 18 18 51 67 114 108 131 132 123 277 239 242 267
662 839 998 1,091 774 683 885 1,000 951 1,046 2,478 2,410 2,147
Total Assets 2,015 3,116 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474 4,890 5,159 5,044

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
305 321 56 551 377 15 451 550 551 969 1,330 962
-371 -982 -276 -268 -6 14 -121 -66 -150 -62 -1,095 -220
-11 644 213 -279 -374 -21 -354 -491 -401 -900 -233 -246
Net Cash Flow -76 -18 -7 4 -2 8 -24 -7 -0 6 2 496

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 17 17 18 24 18 23 23 17 20 25 24 19
Inventory Days 93 83 119 104 110 98 112 123 112 100 133 88
Days Payable 52 83 77 120 119 40 42 40 36 38 81 57
Cash Conversion Cycle 58 17 60 8 9 81 93 99 96 87 76 50
Working Capital Days 30 32 61 25 -27 79 59 63 68 63 66 53
ROCE % 15% 13% 9% 8% 3% 6% 15% 21% 15% 34% 54% 27%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.68% 63.26% 63.26%
0.62% 1.15% 1.53% 1.93% 1.90% 2.01% 2.53% 3.01% 3.39% 3.64% 4.66% 5.41%
0.54% 0.99% 0.39% 0.39% 0.16% 0.36% 0.47% 0.75% 1.06% 1.11% 1.52% 2.09%
31.33% 30.35% 30.57% 30.18% 30.43% 30.12% 29.49% 28.73% 28.05% 27.57% 30.56% 29.23%
No. of Shareholders 20,46831,18668,49889,70980,36493,17198,10589,4461,11,91382,41684,17087,013

* 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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