---
title: "Goldstar Power Ltd (GOLDSTAR) — Share Price, Financials & Analysis"
symbol: "GOLDSTAR"
company: "Goldstar Power Ltd"
canonical: "https://tapetide.com/stocks/GOLDSTAR"
isin: "INE405Y01021"
nse_symbol: "GOLDSTAR"
sector: "Automobiles"
industry: "Auto Components"
market_cap_cr: 224.67
generated_at: "2026-09-13T19:14:35.295Z"
---

# Goldstar Power Ltd (GOLDSTAR)

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

## Company

- **NSE Symbol:** GOLDSTAR
- **ISIN:** INE405Y01021
- **Sector:** Automobiles
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2017-10-10
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** goldstarpower.com

## About

Incorporated in 1999, Goldstar Power Ltd manufactures Batteries and Battery Product[1]

## Latest Price

- **Price:** ₹8.2
- **Change:** +0.35 (+4.46%)
- **Open:** ₹8.2
- **Day High:** ₹8.2
- **Day Low:** ₹8.2
- **Previous Close:** ₹7.85
- **Volume:** 56250
- **As Of:** 2026-09-11T09:14:06+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:26.575399Z.

- **Market Cap:** ₹224.67 Cr
- **Classification:** SME
- **P/E (reported):** 5.2
- **P/E (TTM):** 5.47
- **EPS (TTM):** ₹1.5
- **Book Value:** ₹10.43
- **Price to Book:** 0.75
- **Dividend Yield:** 0%
- **ROE:** 7.48%
- **ROCE:** 14.3%
- **Debt to Equity:** 0.03
- **Revenue (yearly):** ₹37.1 Cr
- **Net Income:** ₹1.03 Cr
- **EBITDA:** ₹2.02 Cr
- **52-Week High:** ₹9.95
- **52-Week Low:** ₹4.5
- **RSI (14):** 55.01

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Flat
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 74.37 | 9% |
| growth | 98.9 | 9% |
| momentum | 55.83 | 12% |
| ownership | 50 | 24% |
| quality | 29.27 | 22% |
| valuation | 62.08 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.79 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 176 days.
- Promoter holding has decreased over last 3 years: -11.6%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 12.14% | 37% | — |
| ebitda margin growth | -16.32% | -60.62% | -69.58% | -37.55% |
| net income growth | -17.05% | -55.22% | -74.25% | 47.14% |
| revenue growth | 17.81% | -26.53% | -10.76% | -3.44% |
| roce | — | -32.52% | -30.75% | 13.68% |
| roe | — | -47.87% | 12.42% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 15 | 7 | 10 | 127 | 270 | 432 | 508 |
| Expenses | 13 | 8 | 8 | 126 | 258 | 413 | 493 |
| Operating Profit | 2 | 0 | 1 | 1 | 11 | 19 | 16 |
| OPM % | 15 | -4.7 | 14 | 0.4 | 4.2 | 4.4 | 3 |
| Other Income | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 0 | 1 |
| Profit before tax | 2 | -1 | 1 | 1 | 10 | 18 | 15 |
| Tax % | 33 | 3 | 34 | -29 | 0 | 1 | 0 |
| Net Profit | 2 | -1 | 1 | 1 | 10 | 18 | 15 |
| EPS in Rs | 0.06 | -0.05 | 0.03 | 0.02 | 0.36 | 0.61 | 0.51 |

### Profit & Loss

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

| Item | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- |
| Sales | 48 | 838 | 1337 |
| Expenses | 44 | 806 | 1290 |
| Operating Profit | 5 | 32 | 46 |
| OPM % | 9 | 3.8 | 3.5 |
| Other Income | 2 | 2 | 2 |
| Interest | 2 | 2 | 2 |
| Depreciation | 2 | 2 | 3 |
| Profit before tax | 4 | 30 | 43 |
| Tax % | 35 | 1 | — |
| Net Profit | 2 | 29 | 43 |
| EPS in Rs | 0.09 | 1.03 | 1.5 |
| Dividend Payout % | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | — | 29 |
| Reserves | — | 270 |
| Borrowings | — | 8 |
| Other Liabilities | — | 208 |
| Total Liabilities | — | 514 |
| Fixed Assets | — | 17 |
| CWIP | — | 0 |
| Investments | — | 11 |
| Other Assets | — | 486 |
| Total Assets | — | 514 |

### Cash Flow

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | 9 | -108 |
| Cash from Investing Activity | 0 | 68 |
| Cash from Financing Activity | -9 | 45 |
| Net Cash Flow | 0 | 5 |
| Free Cash Flow | 9 | -111 |
| CFO/OP | 219 | -336 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | — | 176 |
| Inventory Days | — | 3 |
| Days Payable | — | 84 |
| Cash Conversion Cycle | — | 95 |
| Working Capital Days | — | 117 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.91% | 72.91% | 72.91% | 72.91% | 72.91% | 72.91% | 72.91% | 72.91% | 61.32% | 61.32% | 61.32% | 61.32% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 22.43% | 22.21% | 21.74% | 21.37% | 21.61% | 22.8% | 22.28% | 22.21% | 18.69% | 18.72% | 18.85% | 18.83% |
| Others | 4.66% | 4.88% | 5.35% | 5.72% | 5.49% | 4.29% | 4.81% | 4.88% | 19.99% | 19.96% | 19.83% | 19.85% |
| No. of Shareholders | 129 | 74 | 77 | 1126 | 1341 | 1708 | 1710 | 1674 | 1682 | 1673 | 1666 | 1671 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 5 / 2

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.71 | Buy |
| EMA (10) | 7.78 | Buy |
| SMA (20) | 7.75 | Buy |
| EMA (20) | 7.67 | Buy |
| SMA (50) | 7.55 | Buy |
| EMA (50) | 7.55 | Buy |
| SMA (100) | 7.46 | Buy |
| EMA (100) | 7.47 | Buy |
| SMA (200) | 7.17 | Buy |
| EMA (200) | 7.64 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 60.45 | Neutral |
| MACD (12,26,9) | 0.12 | Buy |
| Stochastic (14,3,3) | 52.22 | Neutral |
| ADX (14) | 20.47 | Neutral |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.29 | High Volatility |
| ROC (12) | 5.13 | Buy |
| Stoch RSI (14) | 82.37 | Sell |
| UO (7,14,28) | 50.12 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Goldstar Power's 27th AGM on 30 Sep 2026 will consider main-board migration and director reappointments. | [Shareholders meeting 9 Sep - Goldstar Power's 27th AGM on 30 Sep 2026 will consider main-board migration and director reappointments.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_09092026220749_final_AGM_Notice_with_covering.pdf) |
| 9 Sep - Board approved revised AGM notice; 27th AGM on 30 September 2026, with e-voting 27-29 September. | [Outcome of Board Meeting 9 Sep - Board approved revised AGM notice; 27th AGM on 30 September 2026, with e-voting 27-29 September.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_09092026215539_BM_OUTCOME_AGM_REVISED.pdf) |
| 9 Jul - Goldstar Power clarified and corrected FY2026 audited results filings, including XBRL and unmodified opinion declaration. | [Reply to Clarification- Financial results 9 Jul - Goldstar Power clarified and corrected FY2026 audited results filings, including XBRL and unmodified opinion declaration.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_03072026123819_Replywithannexures.pdf) |
| 7 February 2026 - Board approved unaudited Q3 and nine-month results for period ended 31 Dec 2025. | [Outcome of Board Meeting 7 February 2026 - Board approved unaudited Q3 and nine-month results for period ended 31 Dec 2025.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_07022026152626_Outcome_Goldstar_Dec_2025.pdf) |
| 7 February 2026 - Board approved unaudited Q3 and nine-month results for period ended 31 Dec 2025; auditor's limited review report included. | [Outcome of Board Meeting 7 February 2026 - Board approved unaudited Q3 and nine-month results for period ended 31 Dec 2025; auditor's limited review report included.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_07022026153505_Outcome_Goldstar_Dec_2025.pdf) |
| 6 Jul - Regulation 74(5) certificate for quarter ended June 30, 2026; dematerialization processed within timelines. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 Jul - Regulation 74(5) certificate for quarter ended June 30, 2026; dematerialization processed within timelines.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_06072026183436_Reg_74_5_.pdf) |
| 6 April 2026 - Regulation 74(5) certificate confirms demat requests for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - Regulation 74(5) certificate confirms demat requests for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_06042026150854_Covering_with_RTA_Certificate_Reg_74_5_.pdf) |
| 29 May 2026 - No public, rights, preferential issue or QIP during FY2026; Regulation 32 statement not applicable. | [Statement of deviation(s) or variation(s) under Reg. 32 29 May 2026 - No public, rights, preferential issue or QIP during FY2026; Regulation 32 statement not applicable.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_29052026155619_Reg_32.pdf) |
| 28 May 2026 - Board approved standalone and consolidated audited results for quarter and year ended 31 March 2026. | [Outcome of Board Meeting 28 May 2026 - Board approved standalone and consolidated audited results for quarter and year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_28052026155920_Outcome_with_Results.pdf) |
| 28 Jul - Board appointed Chandrakant Mehta and Pareshbhai Vekaria as additional independent directors on 28 July 2026. | [Outcome of Board Meeting 28 Jul - Board appointed Chandrakant Mehta and Pareshbhai Vekaria as additional independent directors on 28 July 2026.](https://nsearchives.nseindia.com/corporate/GOLDSTAR_28072026172519_BM_Outcome_Goldstar_Appt_of_ID_.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_32018_GOLDSTAR_2025_2026_A_6198669_09092026221114.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28489_GOLDSTAR_2024_2025_A_7068597_04092025200944.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26046_GOLDSTAR_2023_2024_06092024191627.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22812_GOLDSTAR_2022_2023_18082023181529_08182023190000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21779_GOLDSTAR_2021_2022_09092022112951.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19560_GOLDSTAR_2020_2021_07092021114150_09072021120007.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17820_GOLDSTAR_2019_2020_21112020171548_23112020074216.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15924_GOLDSTAR_2018_2019_07092019123741_07092019130004.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_14033_GOLDSTAR_2017_2018_04102018123413.zip) |

---

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 2026-09-13T19:14:35.295Z.