---
title: "Gallard Steel Ltd (544616) — Share Price, Financials & Analysis"
symbol: "544616"
company: "Gallard Steel Ltd"
canonical: "https://tapetide.com/stocks/544616"
isin: "INE0BUQ01012"
nse_symbol: "GALLARDSTEELLTD"
bse_code: "544616"
sector: "Automobiles"
industry: "Auto Components"
market_cap_cr: 148.35
generated_at: "2026-09-13T19:39:37.528Z"
---

# Gallard Steel Ltd (544616)

Canonical page: https://tapetide.com/stocks/544616

## Company

- **NSE Symbol:** GALLARDSTEELLTD
- **BSE Code:** 544616
- **ISIN:** INE0BUQ01012
- **Sector:** Automobiles
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-11-26
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gallardsteel.com

## About

Incorporated in 2015, Gallard Steel Limited is engaged in the manufacturing of engineered steel castings, including mild steel, SGCI, and low alloy castings.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:34:15.477579Z.

- **Market Cap:** ₹148.35 Cr
- **Classification:** SME
- **P/E (reported):** 17.2
- **Book Value:** ₹61.82
- **Price to Book:** 2.67
- **Dividend Yield:** 0%
- **ROE:** 35.51%
- **ROCE:** 34.61%
- **Debt to Equity:** 0.36
- **Revenue (yearly):** ₹68.04 Cr
- **Net Income:** ₹9.1 Cr
- **EBITDA:** ₹15.23 Cr
- **52-Week High:** ₹245.95
- **52-Week Low:** ₹110
- **RSI (14):** 43.64

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%
- Company's working capital requirements have reduced from 29.0 days to 20.4 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 175.66% | 307.43% | 52.92% |
| ebitda margin growth | -7.89% | -0.37% | — |
| net income growth | 49.18% | 100% | — |
| revenue growth | 27.18% | 49% | — |
| roce | 71.59% | 57.96% | — |
| roe | 22.53% | 27.71% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 32.11 | 31.56 | 36.48 |
| Expenses | 25.76 | 24.13 | 28.67 |
| Operating Profit | 6.35 | 7.43 | 7.81 |
| OPM % | 19.78 | 23.54 | 21.41 |
| Other Income | 0.13 | 0.57 | 1.18 |
| Interest | 0.83 | 0.8 | 0.7 |
| Depreciation | 1.37 | 1.62 | 1.68 |
| Profit before tax | 4.28 | 5.58 | 6.61 |
| Tax % | 26.64 | 22.94 | 27.23 |
| Net Profit | 3.13 | 4.29 | 4.81 |
| EPS in Rs | 4.47 | 6.13 | 5.06 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 20.59 | 26.82 | 53.32 | 68.04 |
| Expenses | 18.68 | 21.75 | 40.84 | 52.8 |
| Operating Profit | 1.91 | 5.07 | 12.48 | 15.24 |
| OPM % | 9.28 | 18.9 | 23.41 | 22.4 |
| Other Income | 1.06 | 1.04 | 0.21 | 1.75 |
| Interest | 0.74 | 1.12 | 1.65 | 1.5 |
| Depreciation | 0.7 | 1.32 | 2.62 | 3.3 |
| Profit before tax | 1.53 | 3.67 | 8.42 | 12.19 |
| Tax % | 25.49 | 13.08 | 27.91 | 25.35 |
| Net Profit | 1.13 | 3.2 | 6.07 | 9.1 |
| EPS in Rs | 5.01 | 4.57 | 8.67 | 9.58 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 2.26 | 7 | 7 | 9.5 |
| Reserves | 3.83 | 4.03 | 10.08 | 49.23 |
| Borrowings | 9.41 | 17.59 | 20.38 | 21.16 |
| Other Liabilities | 4.11 | 10.52 | 11.31 | 10.5 |
| Total Liabilities | 19.61 | 39.14 | 48.77 | 90.39 |
| Fixed Assets | 5.29 | 12.86 | 16.06 | 22.99 |
| CWIP | 3.65 | 4.85 | 5.95 | 4.89 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 10.67 | 21.43 | 26.76 | 62.51 |
| Total Assets | 19.61 | 39.14 | 48.77 | 90.39 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2.02 | 1.52 | 4.19 | 4.19 |
| Cash from Investing Activity | 0.59 | -10.08 | -5.79 | -9.82 |
| Cash from Financing Activity | 1.55 | 8.96 | 1.15 | 31.8 |
| Net Cash Flow | 0.12 | 0.4 | -0.45 | 26.17 |
| Free Cash Flow | -2.85 | -7.68 | -2.72 | -9.58 |
| CFO/OP | -106 | 32 | 38 | 48 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 80.3 | 123.84 | 101.31 | 107.24 |
| Inventory Days | — | 142.54 | 78.9 | 69.87 |
| Days Payable | — | 172.24 | 91.31 | 62.44 |
| Cash Conversion Cycle | 80.3 | 94.15 | 88.9 | 114.66 |
| Working Capital Days | -15.07 | 44.09 | 22.52 | 20.44 |
| ROCE % | — | 21.71 | 30.48 | 23.33 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 95.14% | 67.16% |
| FIIs | 0% | 4.65% |
| DIIs | 0% | 9.14% |
| Government | 0% | 0% |
| Public | 0% | 14.08% |
| Others | 4.86% | 4.97% |
| No. of Shareholders | 7 | 392 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 6 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 177.57 | Sell |
| EMA (10) | 173.79 | Sell |
| SMA (20) | 181.65 | Sell |
| EMA (20) | 175.43 | Sell |
| SMA (50) | 167.18 | Sell |
| EMA (50) | 169.85 | Sell |
| SMA (100) | 158.19 | Buy |
| EMA (100) | 167.3 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.52 | Neutral |
| MACD (12,26,9) | 0.3 | Sell |
| Stochastic (14,3,3) | 5.73 | Buy |
| ADX (14) | 15.91 | Neutral |
| Williams %R (14) | -88.94 | Buy |
| ATR (14) | 10.2 | High Volatility |
| ROC (12) | -18.13 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 40.32 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37ae7edb-bbd0-4476-8621-fb676e0cc80c.pdf) |
| 2026-09-08 | [Board Meeting Outcome for Board Meeting Outcome The 5/2026-27 Board Meeting Of The Company Held On Tuesday 8Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b10e7b55-1425-4bac-aab6-89e553c4f4b5.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2344bd81-15d7-4d0f-93ef-c48bcde5af28.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ea611eb-5290-4bde-9020-b9b9074c0bc6.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29ce1d37-be9c-423c-8c32-fc3adec0b38d.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d91f4660-f26d-468d-b855-d407a244ef40.pdf) |
| 2026-09-08 | [Annual General Meeting Scheduled To Be Held On 30/09/2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4403bd7-f8d7-4c3a-b2e3-7e1453ff7ead.pdf) |
| 2026-09-08 | [Annual Book Closure](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=577eef79-0092-4ba8-873d-54a2a5429490.pdf) |
| 2026-09-08 | [General Announcement For E-Voting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19a22620-b476-47c8-af4d-b356b5807ded.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=935f6539-7e6e-4ec1-bbce-67c4f9225836.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 2d - Board meeting on 13 May 2026 to approve FY26 audited standalone and consolidated results. | [Board Meeting Intimation for Consideration And Approval Of The Standalone And Consolidated Audited Financial Results For The Half-Year/Year Ended 31St March 2026. 2d - Board meeting on 13 May 2026 to approve FY26 audited standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c76c3254-d517-438b-b424-1b5b05526f17.pdf) |
| 27 Apr - Company confirms it is not a Large Corporate for FY2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 27 Apr - Company confirms it is not a Large Corporate for FY2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20715915-d3c6-4095-b048-c916f08bbfa4.pdf) |
| 26 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2026. | [Closure of Trading Window 26 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9fa1b357-deb3-4f8b-bb58-c7332ece2244.pdf) |
| 22 Jan - No demat/remat requests for quarter ended 31 Dec 2025; certificate submitted. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 22 Jan - No demat/remat requests for quarter ended 31 Dec 2025; certificate submitted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2aaa158b-a409-4ed8-b136-4428b956be26.pdf) |
| 21 Feb - Transcript of Earnings Call held on 18th February 2026 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 21 Feb - Transcript of Earnings Call held on 18th February 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c30f0b75-a89b-4c81-a8df-3c8e5bbcf0eb.pdf) |
| 18 Feb - Audio recording of earnings call for quarter and nine months ended 31 Dec 2025 uploaded (call held 18 Feb 2026). | [Audio Recording Of Earnings Call For The Quarter And Nine Months Ended December 31, 2025 18 Feb - Audio recording of earnings call for quarter and nine months ended 31 Dec 2025 uploaded (call held 18 Feb 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e5263f0a-f79c-49ee-9a72-2a93b7e77a92.pdf) |
| 16h - Company confirms it is not a Large Corporate for FY2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 16h - Company confirms it is not a Large Corporate for FY2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/20715915-d3c6-4095-b048-c916f08bbfa4.pdf) |
| 13 Feb - Of Q3 & 9M -FY 2025-2026 Results Earnings Conference Call | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Feb - Of Q3 & 9M -FY 2025-2026 Results Earnings Conference Call](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6147ee0-de5d-4783-b932-a71ffb4fe7b8.pdf) |
| 12 Feb - Investors Presentation on financial results for the quarter and nine months ended 31st December 2025 | [Announcement under Regulation 30 (LODR)-Investor Presentation 12 Feb - Investors Presentation on financial results for the quarter and nine months ended 31st December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9ea2c52-eb38-43fb-936b-bb5a8340fb66.pdf) |
| 11 Feb - Q3FY26 revenue ₹142.55 Cr, PAT ₹4.74 Cr; 79.55% YoY net profit growth. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 11 Feb - Q3FY26 revenue ₹142.55 Cr, PAT ₹4.74 Cr; 79.55% YoY net profit growth.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4447e25a-cca5-4d46-a127-4d6aaee6507f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-13 | [Standalone And Consolidated Audited Financial Results For Half-Year/Year Ended 31St March2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b69372b-226d-4b3d-930f-ce7c9451e72c.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80c60c34-6b7e-4df3-942b-731bec4df966.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dcf8dd88-9b8b-4a1a-93d5-a852a64de4cc.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c82ab05f-2c6a-4b38-bb0c-40663631df7a.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/559b5822-3557-4d4e-bed7-ceb8f79aec67.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16aa2e21-31d0-4fe4-927e-b51a7ec73262.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e1aa7dc-e15c-4469-925f-f95237cc6d0f.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/515f7b84-58b3-49e9-8992-360d10167f51.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9fd6f7e-c21f-4c2d-848a-5a3d1b44da0d.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cbe274f-eba2-42bc-bafa-dbf269feb021.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f06b174-d194-4e32-9efc-0a795d026444.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c4dc834e-6700-4ba6-a5e2-a222921289bc.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aee5eccb-2dec-45fa-abc2-dac2e6b444c2.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/519397/76847519397.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/519397/71184519397.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/519397/68164519397_11_12_20.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/519397/88524519397.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/519397/5193970318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/519397/5193970317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/519397/5193970316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:37.528Z.