Godawari Power & Ispat Ltd logo

Godawari Power & Ispat Ltd

GPIL NSE

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.

AI Verdict: HOLD Confidence: 5%

GPIL is a nearly debt-free steel and power company trading at a PE of 22.7x with strong historical stock CAGR of 41% over 3 years, but flat sales growth (TTM 0%) and declining ROE from 23% (5-year avg) to 15% (last year) suggest the easy gains may be behind us. At a market cap of Rs 18,044 Cr with PB of 3.18x, valuation appears fair but not compelling given the earnings stagnation.

Key Fundamentals

SmallcapIron & Steel ProductsIndustrial Products
Market Cap
₹17,799 Cr
Volatility
Moderate
P/E Ratio
22.21
EBITDA
₹1,235 Cr
Return on Equity
20.1%
Debt to Equity
0.04
Book Value
₹85.14
EPS
₹72.91
52W High
₹320
52W Low
₹178.27

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: -4.16%

Growth Rate

Revenue Growth
-1.66% ↘
Net Income Growth
5.23% ↘
Cash Flow Change
-14.26% ↘
ROE
-19.81% ↘
ROCE
-19.81% ↘
EBITDA Margin (Avg.)
-4.41% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk medium

GPIL is a nearly debt-free steel and power company trading at a PE of 22.7x with strong historical stock CAGR of 41% over 3 years, but flat sales growth (TTM 0%) and declining ROE from 23% (5-year avg) to 15% (last year) suggest the easy gains may be behind us. At a market cap of Rs 18,044 Cr with PB of 3.18x, valuation appears fair but not compelling given the earnings stagnation.

Bull Case 8
  • Company is almost debt-free, providing significant financial flexibility and lower interest burden compared to leveraged steel peers
  • Exceptional stock CAGR of 57% over 10 years demonstrates long-term wealth creation track record
  • 3-year stock CAGR of 41% and 1-year return of 50% indicate strong market momentum and institutional interest
  • 10-year compounded profit growth of 27% shows the company has scaled earnings meaningfully over a full cycle
  • 5-year average ROE of 23% indicates efficient capital allocation and strong return generation capability
  • 10-year compounded sales growth of 11% demonstrates consistent topline expansion over a longer horizon
  • 100% of analyst ratings are Buy (1 out of 1 analyst), indicating positive sell-side sentiment
  • Dividend yield of 0.37% provides a small income cushion while retaining capital for growth
Bear Case 8
  • TTM sales growth is flat at 0% and 3-year compounded sales growth is negative at -2%, signaling revenue stagnation
  • ROE has declined sharply from 23% (5-year average) to 15% in the last year, indicating deteriorating profitability
  • 5-year compounded sales growth of only 6.38% is poor for a mid-cap industrial company at this valuation
  • Promoter holding has decreased by 4.16% over last 3 years, raising concerns about insider confidence
  • PE of 22.7x is elevated for a cyclical steel company with flat earnings growth (TTM profit growth just 1%)
  • PB ratio of 3.18x is premium for a metals/power business, leaving limited margin of safety
  • Only 1 analyst covers the stock, indicating limited institutional research depth and potential liquidity concerns
  • 3-year compounded profit growth of 0% suggests the company has hit a cyclical earnings plateau

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 2
  • 6.91 MW waste heat plant live Jun 23

    Godawari Power commenced commercial operations of its 6.91 MW Waste Heat Recovery Based Power Plant at Raipur on June 23, 2026, improving captive power capacity and energy efficiency.

  • ₹100 crore BESS investment in GNEPL Jun 5

    GPIL invested ₹100 crore in subsidiary GNEPL for a Battery Energy Storage System plant, taking cumulative investment to ₹450 crore.

Neutral 3
  • Attending GIA Flagship Conference Jun 16

    GPIL management will attend the GIA Flagship Conference 2026 in Mumbai on June 23, 2026, in a physical format.

  • Institutional investor meetings June 10 May 30

    GPIL scheduled physical meetings with institutional investors on June 10, 2026, in Mumbai.

  • ₹150 crore subsidiary loan approval sought May 27

    GPIL called an EGM on June 27, 2026, to approve a ₹150 crore loan to its subsidiary and revise remuneration for three Whole-Time Directors.

TL;DR: GPIL is actively expanding its energy infrastructure with a new 6.91 MW waste heat recovery plant now operational and cumulative ₹450 crore invested in a BESS subsidiary. No material headwinds emerged in the recent news cycle. The company is on an expansion footing with growing captive power and storage capacity, though rising capital deployment warrants monitoring for execution and leverage risks going forward.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,317
1,326
1,291
1,309
1,530
1,342
1,268
1,298
1,468
1,323
1,308
1,139
1,610
Expenses
1,041
1,019
930
978
1,201
935
1,021
1,076
1,150
999
1,048
922
1,171
Operating Profit
276
307
361
331
329
408
247
221
318
324
260
218
439
OPM %
21%
23%
28%
25%
22%
30%
19%
17%
22%
24%
20%
19%
27%
Other Income
14
44
26
17
41
32
24
20
32
26
23
27
18
Interest
14
10
10
16
24
14
14
13
15
15
11
13
19
Depreciation
32
34
35
35
37
38
39
37
40
44
41
45
48
PBT
243
307
343
296
310
387
218
192
295
291
231
188
390
Tax %
30%
25%
25%
23%
29%
26%
27%
24%
25%
26%
30%
24%
28%
Net Profit
170
231
257
229
219
287
159
145
222
216
162
143
280
EPS in Rs
2.41
3.4
3.78
3.37
3.21
4.22
2.38
2.16
3.31
3.23
2.41
2.14
4.17
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
Operating Profit
358
218
291
597
790
624
1,137
1,868
1,134
1,328
1,194
1,253
OPM %
15%
11%
16%
24%
24%
19%
29%
35%
20%
24%
22%
23%
Other Income
60
14
16
6
9
-3
48
175
93
129
109
82
Interest
224
252
259
263
253
212
115
20
20
60
55
58
Depreciation
118
126
120
132
133
137
109
105
124
141
155
178
PBT
77
-147
-73
208
414
273
962
1,918
1,083
1,256
1,092
1,098
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
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
Div. Payout %
5%
0%
0%
0%
0%
0%
10%
12%
7%
7%
17%
8%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
Promoters 63.34%
Public 22.00%
Others 6.09%
FIIs 5.94%
DIIs 2.64%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Oct 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Apr 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
67.50%
67.50%
67.50%
67.50%
67.50%
67.50%
67.50%
67.50%
67.50%
67.50%
67.68%
67.68%
63.26%
63.26%
63.26%
63.26%
63.49%
63.51%
63.51%
63.48%
63.51%
63.49%
63.34%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.66%
0.00%
5.54%
7.50%
7.39%
7.11%
6.58%
6.51%
6.62%
5.90%
5.94%
DIIs
0.55%
0.98%
0.39%
0.29%
0.25%
0.00%
0.00%
0.48%
0.76%
0.00%
1.03%
1.15%
1.52%
0.62%
2.08%
1.96%
1.57%
1.90%
2.44%
2.67%
2.44%
2.53%
2.64%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.00%
0.00%
0.00%
0.00%
Public
23.78%
22.61%
23.53%
23.04%
23.75%
22.96%
22.84%
23.30%
22.60%
22.16%
22.09%
22.15%
24.38%
23.83%
23.53%
22.05%
22.30%
21.91%
21.98%
22.10%
22.12%
22.63%
22.00%
Others
8.17%
8.90%
8.57%
9.17%
8.49%
9.54%
9.65%
8.71%
9.14%
10.34%
9.21%
9.03%
6.18%
12.29%
5.58%
5.23%
5.24%
5.57%
5.49%
5.24%
5.32%
5.44%
6.09%
No. of Shareholders
20,468
31,186
68,498
74,126
89,709
80,364
93,171
98,105
89,446
1,11,913
88,374
82,416
84,170
87,013
94,676
1,69,934
1,27,124
1,38,676
1,45,736
1,50,997
1,49,422
1,45,824
1,38,643

Documents

1
Concall - Jan 2018 Jan 2018
2
Concall - Jan 2018 Jan 2018
3
Concall - May 2018 May 2018
4
Concall - May 2018 May 2018
5
Concall - Oct 2018 Oct 2018

Frequently Asked Questions about Godawari Power & Ispat Ltd

What does Godawari Power & Ispat Ltd do?
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.
Where is Godawari Power & Ispat Ltd (GPIL) listed?
Godawari Power & Ispat Ltd is listed on the Indian stock exchanges. It is listed on NSE: GPIL and BSE: 532734. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Godawari Power & Ispat Ltd belong to?
Godawari Power & Ispat Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Godawari Power & Ispat Ltd?
Godawari Power & Ispat Ltd has a market capitalisation of approximately ₹17799.37 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Godawari Power & Ispat Ltd?
The Price-to-Earnings (PE) ratio of Godawari Power & Ispat Ltd is 22.21. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Godawari Power & Ispat Ltd?
Over the past 52 weeks, Godawari Power & Ispat Ltd has traded between a low of ₹178.27 and a high of ₹320. This range helps investors understand the stock's price volatility and recent trading levels.
Does Godawari Power & Ispat Ltd pay dividends?
Yes, Godawari Power & Ispat Ltd has a dividend yield of 0.38%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Godawari Power & Ispat Ltd?
Godawari Power & Ispat Ltd has a Return on Equity (ROE) of 20.10%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Godawari Power & Ispat Ltd on Tapetide?
On Tapetide, you can view Godawari Power & Ispat Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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.

Website godawaripowerispat.com
CEO Mr. Bajrang Lal Agrawal
Employees 1,884
Listed 2006-04-25
Face Value ₹ 1
Issued Size 66,97,95,408

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