Godawari Power & Ispat Ltd
Godawari Power & Ispat Ltd
Industrial ProductsKey Fundamentals
SmallcapIron & Steel ProductsIndustrial ProductsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
2- The company has delivered a poor sales growth of 6.38% over past five years.
- Promoter holding has decreased over last 3 years: -4.50%
Growth Rate
AI Analysis — Bull vs Bear
Godawari Power & Ispat Ltd is a nearly debt-free industrial products company with a market cap of Rs 15,845 Cr trading at a PE of 20.3x. While the stock has delivered a 10-year CAGR of 57%, underlying sales growth has been modest at 6% over five years, and ROE has declined from a 5-year average of 23% to 15% in the last year.
- Company is almost debt free, providing significant financial flexibility and insulation from rising interest rate environments
- Exceptional long-term stock CAGR of 57% over 10 years, indicating sustained wealth creation for shareholders
- Strong 5-year and 10-year ROE averages of 23% each, demonstrating historically efficient capital allocation
- 10-year compounded profit growth of 27% significantly outpaces sales growth of 11%, reflecting margin expansion and operating leverage
- TTM sales growth of 8% and TTM profit growth of 11% indicate a recovery trend after a period of flat 3-year compounded growth
- Price-to-book ratio of 2.86x is reasonable for a company with historically high ROE of 23% over 5 and 10 years
- 5-year stock CAGR of 30% and 3-year stock CAGR of 28% demonstrate consistent medium-term outperformance
- PE of 20.3x is not excessive for an industrial company with near-zero debt and improving profitability trajectory
- ROE has declined sharply from 23% (5-year average) to 15% in the last year, signaling deteriorating return on equity
- 3-year compounded sales growth is negative at -2%, showing revenue contraction in recent years
- Poor 5-year sales CAGR of only 6% indicates limited top-line growth momentum for an industrial company
- Promoter holding has decreased by 4.50% over the last 3 years, which may signal reduced insider confidence
- 3-year compounded profit growth is flat at 0%, suggesting earnings stagnation despite recent TTM improvement
- Dividend yield of only 0.41% offers minimal income return to shareholders despite being nearly debt free
- Stock price CAGR of 28-30% over 3-5 years has significantly outpaced underlying profit growth of 0-5%, creating a valuation gap
- Being in the cyclical industrial products sector exposes the company to commodity price volatility and economic slowdown risk
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Steel plant delayed, water issues Aug 11
Integrated steel project delayed due to water allocation issues and removed from Vision 2030 projections, now classified as a medium-term growth option.
- Pellet guidance cut to 4.0MT Aug 11
FY27 pellet production guidance lowered to 4.0 million tons following a plant shutdown, down from earlier targets with revised figures pending.
- Tree-cutting delays hit volumes Aug 11
Q1 volumes dropped due to tree-cutting delays, though the company still achieved 16% to 29% of annual FY27 targets in Q1.
- Vision 2030: 4X revenue target Aug 11
GPIL updated Vision 2030 goals targeting 4X revenue, 3X EBITDA, and 3X PAT growth, signaling long-term ambitious expansion plans.
- Q1FY27 profit and capital raise Aug 7
Standalone net profit of ₹198.90 crore in Q1FY27, raised ₹25.05 crore via warrants, and commissioned new power plants.
- JPL stake sale for ₹49.99 Cr Jul 24
Approved partial divestment of Jammu Pigments Limited stake for ₹49.99 crore, reducing holding to 35.36%, with completion expected by August 30, 2026.
- AGM record date Aug 14 Aug 8
Record date fixed as August 14, 2026 for 27th AGM with proposed final dividend of Re 1 per share.
- Q1FY27 earnings call scheduled Jul 31
Earnings conference call scheduled for August 10, 2026 at 12:00 PM IST with management including Executive Directors and CFO.
TL;DR: GPIL has set ambitious Vision 2030 targets (4X revenue, 3X EBITDA) and reported healthy Q1FY27 profits of ₹198.90 crore while raising capital and monetizing non-core assets. Key risks include the delayed integrated steel plant due to water issues and lowered FY27 pellet guidance to 4.0MT after a shutdown. The company is executing on its core pellet and power business but near-term volume headwinds from operational disruptions and project delays temper the growth outlook.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,326 | 1,291 | 1,309 | 1,530 | 1,342 | 1,268 | 1,298 | 1,468 | 1,323 | 1,308 | 1,139 | 1,610 | 1,750 |
| Expenses | 1,019 | 930 | 978 | 1,201 | 935 | 1,021 | 1,076 | 1,150 | 999 | 1,048 | 922 | 1,171 | 1,417 |
| Operating Profit | 307 | 361 | 331 | 329 | 408 | 247 | 221 | 318 | 324 | 260 | 218 | 439 | 334 |
| OPM % | 23% | 28% | 25% | 22% | 30% | 19% | 17% | 22% | 24% | 20% | 19% | 27% | 19% |
| Other Income | 44 | 26 | 17 | 41 | 32 | 24 | 20 | 32 | 26 | 23 | 27 | 18 | 38 |
| Interest | 10 | 10 | 16 | 24 | 14 | 14 | 13 | 15 | 15 | 11 | 13 | 19 | 20 |
| Depreciation | 34 | 35 | 35 | 37 | 38 | 39 | 37 | 40 | 44 | 41 | 45 | 48 | 50 |
| PBT | 307 | 343 | 296 | 310 | 387 | 218 | 192 | 295 | 291 | 231 | 188 | 390 | 302 |
| Tax % | 25% | 25% | 23% | 29% | 26% | 27% | 24% | 25% | 26% | 30% | 24% | 28% | 26% |
| Net Profit | 231 | 257 | 229 | 219 | 287 | 159 | 145 | 222 | 216 | 162 | 143 | 280 | 222 |
| EPS in Rs | 3.4 | 3.78 | 3.37 | 3.21 | 4.22 | 2.38 | 2.16 | 3.31 | 3.23 | 2.41 | 2.14 | 4.17 | 3.29 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,384 | 1,976 | 1,799 | 2,506 | 3,294 | 3,270 | 3,949 | 5,397 | 5,745 | 5,445 | 5,370 | 5,381 | 5,808 |
| Expenses | 2,026 | 1,759 | 1,508 | 1,909 | 2,505 | 2,646 | 2,812 | 3,529 | 4,612 | 4,117 | 4,176 | 4,128 | 4,557 |
| Operating Profit | 358 | 218 | 291 | 597 | 790 | 624 | 1,137 | 1,868 | 1,134 | 1,328 | 1,194 | 1,253 | 1,251 |
| OPM % | 15% | 11% | 16% | 24% | 24% | 19% | 29% | 35% | 20% | 24% | 22% | 23% | 22% |
| Other Income | 60 | 14 | 16 | 6 | 9 | -3 | 48 | 175 | 93 | 129 | 109 | 82 | 107 |
| Interest | 224 | 252 | 259 | 263 | 253 | 212 | 115 | 20 | 20 | 60 | 55 | 58 | 64 |
| Depreciation | 118 | 126 | 120 | 132 | 133 | 137 | 109 | 105 | 124 | 141 | 155 | 178 | 185 |
| PBT | 77 | -147 | -73 | 208 | 414 | 273 | 962 | 1,918 | 1,083 | 1,256 | 1,092 | 1,098 | 1,110 |
| Tax % | 8% | -32% | 1% | -3% | 37% | 35% | 32% | 24% | 27% | 26% | 26% | 27% | — |
| Net Profit | 71 | -100 | -74 | 215 | 261 | 177 | 655 | 1,467 | 793 | 936 | 813 | 802 | 808 |
| EPS in Rs | 1.01 | -1.35 | -1.06 | 2.95 | 3.58 | 2.37 | 9.06 | 20.81 | 11.26 | 13.76 | 12.13 | 11.93 | 12.01 |
| Div. Payout % | 5% | 0% | 0% | 0% | 0% | 0% | 10% | 12% | 7% | 7% | 17% | 8% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 32 | 34 | 34 | 34 | 34 | 34 | 66 | 65 | 62 | 61 | 62 |
| Reserves | 892 | 763 | 663 | 889 | 1,135 | 1,344 | 2,001 | 3,246 | 3,841 | 4,434 | 4,845 | 5,747 |
| Borrowings | 2,038 | 2,007 | 2,214 | 2,124 | 1,886 | 1,697 | 896 | 428 | 317 | 52 | 309 | 443 |
| Other Liabilities | 786 | 613 | 342 | 405 | 456 | 407 | 542 | 1,149 | 937 | 998 | 942 | 1,045 |
| Total Liabilities | 3,748 | 3,415 | 3,253 | 3,452 | 3,511 | 3,482 | 3,474 | 4,890 | 5,159 | 5,545 | 6,157 | 7,296 |
| Fixed Assets | 2,403 | 2,289 | 2,326 | 2,264 | 2,249 | 2,269 | 2,013 | 1,530 | 2,065 | 2,362 | 2,730 | 3,424 |
| CWIP | 187 | 238 | 136 | 171 | 130 | 137 | 137 | 643 | 443 | 433 | 432 | 470 |
| Investments | 67 | 114 | 108 | 131 | 132 | 123 | 277 | 239 | 242 | 222 | 471 | 391 |
| Other Assets | 1,091 | 774 | 683 | 885 | 1,000 | 951 | 1,046 | 2,478 | 2,410 | 2,528 | 2,524 | 3,012 |
| Total Assets | 3,748 | 3,415 | 3,253 | 3,452 | 3,511 | 3,482 | 3,474 | 4,890 | 5,159 | 5,545 | 6,157 | 7,296 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 551 | 377 | 15 | 451 | 550 | 551 | 969 | 1,330 | 962 | 1,044 | 895 | 1,157 |
| Investing | -268 | -6 | 14 | -121 | -66 | -150 | -62 | -1,095 | -220 | -754 | -436 | -1,336 |
| Financing | -279 | -374 | -21 | -354 | -491 | -401 | -900 | -233 | -246 | -679 | -250 | 156 |
| Net Cash Flow | 4 | -2 | 8 | -24 | -7 | 0 | 6 | 2 | 496 | -388 | 210 | -23 |
| Free Cash Flow | 304 | 327 | -38 | 346 | 474 | 387 | 929 | 724 | 513 | 626 | 361 | 76 |
| CFO/OP | 159 | 176 | 6 | 79 | 81 | 100 | 98 | 93 | 111 | 100 | 95 | 113 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 18 | 23 | 23 | 17 | 20 | 25 | 24 | 19 | 14 | 9 | 9 |
| Inventory Days | 104 | 110 | 98 | 112 | 123 | 112 | 100 | 133 | 88 | 111 | 114 | 124 |
| Days Payable | 120 | 119 | 40 | 42 | 40 | 36 | 38 | 81 | 57 | 65 | 57 | 59 |
| Cash Conversion Cycle | 8 | 9 | 81 | 93 | 99 | 96 | 87 | 76 | 50 | 60 | 67 | 73 |
| Working Capital Days | -32 | -90 | 39 | 40 | 47 | 50 | 52 | 38 | 34 | 53 | 43 | 43 |
| ROCE % | 8% | 3% | 6% | 15% | 21% | 15% | 34% | 54% | 27% | 29% | 23% | 20% |
Documents
Frequently Asked Questions about Godawari Power & Ispat Ltd
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Company Information
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.