Godawari Power & Ispat Ltd

₹ 303 -1.42%
25 Nov - close price
godawaripowerispat.com BSE: 532734 NSE : GPIL
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.

Website BSE NSE
  • Market Cap ₹ 4,269 Cr.
  • Current Price ₹ 303
  • High / Low ₹ 498 / 223
  • Stock P/E 3.74
  • Book Value ₹ 257
  • Dividend Yield 3.22 %
  • ROCE 55.6 %
  • ROE 52.1 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.18 times its book value
  • Stock is providing a good dividend yield of 3.22%.
  • Company has delivered good profit growth of 82.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 38.8%

Cons

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
828 837 790 675 967 1,132 1,237 1,160 1,274 1,585 1,438 1,666 1,307
662 708 634 548 732 785 767 557 838 1,108 1,041 1,206 1,079
Operating Profit 166 129 156 126 234 347 470 602 436 477 397 461 228
OPM % 20% 15% 20% 19% 24% 31% 38% 52% 34% 30% 28% 28% 17%
1 4 -13 13 1 1 24 1 -10 17 124 16 26
Interest 55 52 50 36 43 36 18 19 12 5 1 4 3
Depreciation 35 33 35 28 36 36 23 33 33 27 27 28 31
Profit before tax 77 47 58 75 156 276 452 552 382 462 493 445 221
Tax % 32% 36% 41% 30% 33% 40% 28% 25% 24% 25% 20% 26% 24%
Net Profit 53 31 35 52 106 170 327 437 292 345 392 327 169
EPS in Rs 3.50 2.10 2.37 3.30 7.38 11.41 23.19 30.84 21.04 23.28 28.84 23.21 11.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,118 2,059 2,355 2,113 2,384 1,976 1,799 2,506 3,294 3,270 3,949 5,397 5,997
883 1,763 2,024 1,766 2,026 1,759 1,508 1,909 2,505 2,646 2,812 3,529 4,434
Operating Profit 235 296 331 348 358 218 291 597 790 624 1,137 1,868 1,563
OPM % 21% 14% 14% 16% 15% 11% 16% 24% 24% 19% 29% 35% 26%
13 11 15 15 60 14 16 6 9 -3 48 175 183
Interest 73 130 121 165 224 252 259 263 253 212 115 20 12
Depreciation 55 68 71 105 118 126 120 132 133 137 109 105 113
Profit before tax 119 110 154 92 77 -147 -73 208 414 273 962 1,918 1,621
Tax % 17% 20% -3% 24% 8% 32% -1% -3% 37% 35% 32% 24%
Net Profit 100 88 158 69 71 -100 -74 215 261 177 655 1,467 1,234
EPS in Rs 6.76 6.64 11.36 4.42 5.05 -6.77 -5.28 14.73 17.88 11.83 45.28 104.06 87.29
Dividend Payout % 9% 9% 6% 14% 5% 0% 0% 0% 0% 0% 10% 12%
Compounded Sales Growth
10 Years: 10%
5 Years: 25%
3 Years: 18%
TTM: 25%
Compounded Profit Growth
10 Years: 32%
5 Years: 83%
3 Years: 77%
TTM: -8%
Stock Price CAGR
10 Years: 26%
5 Years: 48%
3 Years: 94%
1 Year: 19%
Return on Equity
10 Years: 24%
5 Years: 35%
3 Years: 39%
Last Year: 52%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
32 32 33 33 33 32 34 34 64 34 34 66 65
Reserves 573 646 745 831 892 763 663 889 1,135 1,344 2,001 3,246 3,557
765 961 1,684 2,084 2,038 2,007 2,214 2,124 1,856 1,697 896 428 429
323 376 655 566 786 613 342 405 486 407 542 1,149 873
Total Liabilities 1,693 2,015 3,116 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474 4,890 4,925
971 1,051 1,070 2,328 2,403 2,289 2,326 2,264 2,249 2,269 2,013 1,530 1,899
CWIP 94 285 1,190 137 187 238 136 171 130 137 137 643 484
Investments 22 18 18 51 67 114 108 131 132 123 277 239 192
606 662 839 998 1,091 774 683 885 1,000 951 1,046 2,478 2,349
Total Assets 1,693 2,015 3,116 3,514 3,748 3,415 3,253 3,452 3,511 3,482 3,474 4,890 4,925

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
45 305 321 56 551 377 15 451 550 551 969 1,330
-250 -371 -982 -276 -268 -6 14 -121 -66 -150 -62 -1,096
312 -11 644 213 -279 -374 -21 -354 -491 -401 -900 -233
Net Cash Flow 106 -76 -18 -7 4 -2 8 -24 -7 -0 6 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 22 17 17 18 24 18 23 23 17 20 25 24
Inventory Days 165 93 83 119 104 110 98 112 123 112 100 133
Days Payable 38 52 83 77 120 119 40 42 40 36 38 81
Cash Conversion Cycle 149 58 17 60 8 9 81 93 99 96 87 76
Working Capital Days 70 30 32 61 25 -27 79 59 63 68 63 67
ROCE % 16% 16% 13% 10% 9% 4% 6% 16% 22% 16% 35% 56%

Shareholding Pattern

Numbers in percentages

5 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
67.36 67.42 67.50 67.50 67.50 67.50 67.50 67.50 67.50 67.50 67.50 67.50
3.78 3.13 0.31 0.03 0.65 0.62 1.15 1.53 1.93 1.90 2.01 2.53
0.18 0.18 0.23 0.17 0.48 0.54 0.99 0.39 0.39 0.16 0.36 0.47
28.68 29.27 31.96 32.29 31.37 31.33 30.35 30.57 30.18 30.43 30.12 29.49

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