Godawari Power & Ispat Ltd

About [ edit ]

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 [ edit ]
  • Market Cap 4,724 Cr.
  • Current Price 1,341
  • High / Low 1,562 / 153
  • Stock P/E 7.40
  • Book Value 578
  • Dividend Yield 0.37 %
  • ROCE 37.0 %
  • ROE 38.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 55.89% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.55%

Cons

  • Promoters have pledged 32.51% of their holding.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
720 804 903 894 834 828 837 790 711 967 1,132 1,262
536 600 689 707 659 662 708 634 554 732 785 773
Operating Profit 184 204 214 188 175 166 129 156 158 234 347 490
OPM % 26% 25% 24% 21% 21% 20% 15% 20% 22% 24% 31% 39%
Other Income 1 1 1 3 1 1 4 -13 1 1 1 1
Interest 63 65 62 63 56 55 52 50 47 43 36 28
Depreciation 33 34 33 33 33 35 33 35 36 36 36 31
Profit before tax 88 107 120 95 87 77 47 58 77 156 276 433
Tax % 36% 36% 39% 38% 35% 32% 36% 41% 34% 33% 40% 30%
Net Profit 58 67 68 59 54 49 30 33 46 104 161 327
EPS in Rs 16.48 18.90 19.32 16.85 15.44 14.02 8.41 9.47 13.19 29.55 45.64 92.79

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
822 1,118 2,059 2,355 2,113 2,384 1,976 1,799 2,506 3,294 3,270 4,072
691 883 1,763 2,024 1,766 2,026 1,759 1,508 1,909 2,505 2,647 2,843
Operating Profit 131 235 296 331 347 358 217 291 597 790 623 1,229
OPM % 16% 21% 14% 14% 16% 15% 11% 16% 24% 24% 19% 30%
Other Income 4 13 11 15 16 60 14 16 6 9 -1 4
Interest 34 73 130 121 165 224 252 259 263 253 212 154
Depreciation 34 55 68 71 105 118 126 120 132 133 137 138
Profit before tax 67 119 110 154 92 77 -147 -73 208 414 273 941
Tax % 16% 17% 20% -3% 24% 8% 32% -1% -3% 37% 35% 34%
Net Profit 57 86 84 149 58 66 -89 -75 208 252 167 638
EPS in Rs 20.39 27.04 26.54 45.43 17.66 20.21 -27.07 -21.15 58.93 71.55 47.33 181.17
Dividend Payout % 12% 9% 9% 6% 14% 5% 0% 0% 0% 0% 0% 10%
Compounded Sales Growth
10 Years:14%
5 Years:16%
3 Years:18%
TTM:25%
Compounded Profit Growth
10 Years:23%
5 Years:56%
3 Years:44%
TTM:271%
Stock Price CAGR
10 Years:24%
5 Years:88%
3 Years:44%
1 Year:674%
Return on Equity
10 Years:15%
5 Years:22%
3 Years:27%
Last Year:38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
27 32 32 33 33 33 32 34 34 64 34 34
Reserves 471 573 646 745 831 892 763 663 889 1,135 1,291 2,001
Borrowings 518 765 961 1,684 2,084 2,038 2,007 2,214 2,124 1,856 1,697 852
112 323 376 655 566 786 613 342 405 486 459 586
Total Liabilities 1,128 1,693 2,015 3,116 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474
634 971 1,051 1,070 2,328 2,403 2,289 2,326 2,264 2,249 2,269 2,013
CWIP 194 94 285 1,190 137 187 238 136 171 130 137 144
Investments 12 22 18 18 51 67 114 108 131 132 123 277
288 606 662 839 998 1,091 774 683 885 1,000 951 1,039
Total Assets 1,128 1,693 2,015 3,116 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
101 45 305 321 56 551 377 15 451 550 551 969
-250 -250 -371 -982 -276 -268 -6 14 -121 -66 -150 -62
125 312 -11 644 213 -279 -374 -21 -354 -491 -401 -900
Net Cash Flow -24 106 -76 -18 -7 4 -2 8 -24 -7 -0 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 11% 16% 16% 13% 10% 9% 4% 6% 16% 22% 16% 37%
Debtor Days 17 22 17 17 18 24 18 23 23 17 20 25
Inventory Turnover 3.72 3.09 4.76 4.97 3.81 4.06 3.58 3.49 4.27 3.93 3.51 3.48

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
67.36 67.36 67.36 67.36 67.36 67.36 67.36 67.42 67.50 67.50 67.50 67.50
4.51 5.94 5.72 5.71 5.06 4.47 3.78 3.13 0.31 0.03 0.65 0.62
0.00 0.07 0.09 0.17 0.20 0.24 0.18 0.18 0.23 0.17 0.48 0.54
28.12 26.62 26.83 26.75 27.38 27.93 28.68 29.27 31.96 32.29 31.37 31.33

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