Godawari Power & Ispat Ltd // Iron & Steel/Interm.Products

Pros:
Company is expected to give good quarter
Cons:
The company has delivered a poor growth of 1.25% over past five years.
Company has a low return on equity of 3.64% for last 3 years.
Promoters have pledged 44.29% of their holding

Peer Comparison

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
1. Tata Steel 607.70 7.98 68464.12 1.76 1933.80 62.17 37832.79 27.57 1.96
2. JSW Steel 400.45 12.04 96797.59 0.80 2339.00 274.84 20519.00 35.95 20.03
3. S A I L 73.30 27.47 30276.75 0.00 540.43 191.18 15907.19 37.37 1.75
4. Prakash Inds. 133.80 4.43 2185.58 0.00 168.68 183.93 985.42 51.49 19.77
5. Jindal Stain. 60.80 7.95 2913.67 0.00 90.85 87.08 3146.75 56.15 13.78
6. Maithan Alloys 540.95 5.28 1574.79 0.55 65.44 10.56 455.26 5.67 67.16
7. Godawari Power 452.70 5.90 1595.14 0.00 58.22 751.17 720.08 29.11 16.26

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018
528 439 341 410 394 426 574 558 555 672 743 720
471 404 307 361 345 337 472 456 435 503 555 536
Operating Profit 57 35 33 50 49 90 102 101 120 169 188 184
OPM % 10.81% 7.89% 9.8% 12.13% 12.44% 21.07% 17.81% 18.16% 21.55% 25.09% 25.33% 25.5%
Other Income 5 5 5 2 4 6 3 3 15 1 4 1
Depreciation 31 31 29 29 30 29 31 33 34 33 33 33
Interest 60 67 65 66 65 73 54 66 66 65 66 63
Profit before tax -29 -59 -57 -44 -42 -7 20 6 34 71 93 88
Tax -10 -19 -10 -13 8 2 3 0 5 -2 -9 32
Net Profit -15 -35 -49 -32 -50 -9 17 7 29 74 104 58

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

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
479 808 1,091 826 1,129 2,078 2,355 2,113 2,384 1,976 1,799 2,506 2,690
394 640 968 695 894 1,782 2,024 1,766 2,026 1,759 1,508 1,915 2,030
Operating Profit 85 168 123 131 235 296 331 347 358 217 291 591 660
OPM % 17.73% 20.78% 11.26% 15.8% 20.81% 14.23% 14.05% 16.43% 15.02% 10.99% 16.16% 23.6% 24.53%
Other Income 2 2 11 4 13 11 15 16 60 14 16 12 20
Interest 13 31 36 34 73 130 121 165 224 252 259 263 261
Depreciation 12 26 28 34 55 68 71 105 118 126 120 132 132
Profit before tax 62 113 70 67 119 110 154 92 77 -147 -73 208 287
Tax 8 14 9 11 20 22 -5 22 6 -47 1 -6 26
Net Profit 54 99 62 57 86 84 149 58 66 -89 -75 208 266
EPS 22.39 35.91 22.69 20.81 26.56 26.1 45.01 16.77 19.93 0.0 0.0 60.87
Dividend Payout % 13.15% 10.93% 10.82% 11.77% 9.25% 9.42% 5.5% 14.16% 4.95% -0.0% -0.0% 0.0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:9.68%
5 Years:1.25%
3 Years:1.67%
TTM:37.80%
Compounded Profit Growth
10 Years:14.58%
5 Years:7.36%
3 Years:81.15%
TTM:854.35%
Return on Equity
10 Years:8.00%
5 Years:4.42%
3 Years:3.64%
TTM:26.18%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
24 27 27 27 32 32 33 33 33 32 34 34
Reserves 184 364 419 471 573 646 745 831 892 763 663 889
Borrowings 289 293 355 518 765 961 1,684 2,084 2,038 2,007 2,214 2,124
51 83 89 113 337 388 659 630 858 835 574 647
Total Liabilities 548 767 890 1,130 1,706 2,027 3,120 3,578 3,821 3,637 3,485 3,694
282 409 411 634 971 1,051 1,070 2,328 2,403 2,289 2,326 2,264
CWIP 103 15 202 194 94 285 1,190 137 187 238 136 171
Investments 5 19 10 12 22 18 18 51 67 114 108 131
158 323 267 290 620 674 843 1,062 1,164 995 915 1,127
Total Assets 548 767 890 1,130 1,706 2,027 3,120 3,578 3,821 3,637 3,485 3,694

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
45 66 155 101 45 305 321 56 551 377 15 451
-200 -74 -200 -250 -250 -371 -983 -276 -268 -6 14 -121
163 59 25 125 312 -11 644 213 -279 -374 -21 -354
Net Cash Flow 8 51 -20 -24 106 -76 -18 -7 4 -2 8 -24