Gopal Iron & Steels Co.(Gujarat) Ltd

Gopal Iron & Steels Co.(Gujarat) Ltd

₹ 7.40 -1.86%
22 Nov - close price
About

Incorporated in 1994, Gopal Iron & Steels Co. (Gujarat) Limited (GISCO) is a manufacturer of Structural Steels, Bars, ERW Tube / Pipes and other iron and steel items.

Key Points

Product Portfolio:[1]
a) Tube Mill Products (S.S.,M.S.,Galvanized)
ERW Pipe/Tube ( SHS/ RHS/ CHS )
ERW Galvanized/S.S./C.R. Pipe/Tube ( RHS/ SHS/ CHS )
HR / CR / SS / Galvanized Coils, strips & sheets/plates

b) Wind Turbine Generating Farm (Wind Mill)
Green Power Generation

c) Rolling Mill Products
Channels
Round Bars (MS/SS)
Square Bars (MS/SS)
Flat Bars (MS/SS)
Beams
Angles

  • Market Cap 3.64 Cr.
  • Current Price 7.40
  • High / Low 9.39 / 6.10
  • Stock P/E
  • Book Value 1.83
  • Dividend Yield 0.00 %
  • ROCE 4.26 %
  • ROE 6.78 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 1,476 to 126 days.
  • Company's working capital requirements have reduced from 744 days to 74.0 days

Cons

  • Stock is trading at 4.04 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -15.4%
  • Promoter holding is low: 11.0%
  • Company has a low return on equity of 0.80% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
0.00 0.00 0.13 0.00 0.00 0.39 0.70 0.00 2.75 1.15 0.29 1.54 0.24
0.04 0.02 0.18 0.03 0.09 0.38 0.71 0.00 2.75 1.15 0.34 1.50 0.29
Operating Profit -0.04 -0.02 -0.05 -0.03 -0.09 0.01 -0.01 0.00 0.00 0.00 -0.05 0.04 -0.05
OPM % -38.46% 2.56% -1.43% 0.00% 0.00% -17.24% 2.60% -20.83%
0.00 0.00 0.00 0.00 0.17 0.00 0.01 0.00 0.06 0.00 0.05 0.00 0.00
Interest 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
Depreciation 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
Profit before tax -0.04 -0.02 -0.05 -0.03 0.08 0.01 0.00 0.00 0.06 0.00 0.00 0.04 -0.05
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.04 -0.02 -0.05 -0.03 0.08 0.01 0.00 0.00 0.06 0.00 0.00 0.04 -0.05
EPS in Rs -0.08 -0.04 -0.10 -0.06 0.16 0.02 0.00 0.00 0.12 0.00 0.00 0.08 -0.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
72.42 36.72 14.81 8.20 5.71 5.19 3.12 3.59 0.00 0.13 1.10 4.19 3.22
68.22 32.66 12.82 8.15 9.65 5.63 6.45 3.92 0.17 0.30 1.15 4.24 3.28
Operating Profit 4.20 4.06 1.99 0.05 -3.94 -0.44 -3.33 -0.33 -0.17 -0.17 -0.05 -0.05 -0.06
OPM % 5.80% 11.06% 13.44% 0.61% -69.00% -8.48% -106.73% -9.19% -130.77% -4.55% -1.19% -1.86%
0.65 0.08 0.06 0.11 0.09 -1.01 13.56 -1.95 0.00 0.00 0.18 0.11 0.05
Interest 3.31 3.59 3.21 2.65 3.85 2.69 0.04 0.00 0.05 0.00 0.00 0.00 0.00
Depreciation 1.13 1.14 1.23 1.44 1.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.41 -0.59 -2.39 -3.93 -9.14 -4.14 10.19 -2.28 -0.22 -0.17 0.13 0.06 -0.01
Tax % 100.00% 23.73% 4.60% -2.80% -1.64% 3.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.01 -0.73 -2.50 -3.82 -8.99 -4.28 10.19 -2.28 -0.22 -0.17 0.13 0.06 -0.01
EPS in Rs 0.02 -1.48 -5.08 -7.77 -18.28 -8.70 20.72 -4.64 -0.45 -0.35 0.26 0.12 -0.02
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -20%
5 Years: 6%
3 Years: %
TTM: -16%
Compounded Profit Growth
10 Years: 8%
5 Years: 15%
3 Years: 31%
TTM: -114%
Stock Price CAGR
10 Years: -6%
5 Years: 5%
3 Years: -10%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: -15%
3 Years: 1%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92
Reserves 7.09 6.37 3.87 0.05 -8.94 -13.22 -3.03 -5.31 -4.03 -4.19 -4.06 -4.01 -4.02
23.90 25.88 27.22 29.52 27.86 26.16 1.24 0.81 0.51 0.53 0.52 0.53 0.53
19.16 8.91 5.07 5.32 7.94 10.44 11.86 2.63 1.15 1.34 1.38 1.28 1.33
Total Liabilities 55.07 46.08 41.08 39.81 31.78 28.30 14.99 3.05 2.55 2.60 2.76 2.72 2.76
18.00 16.89 15.67 14.22 12.78 10.97 7.68 0.23 0.23 0.23 0.23 0.23 0.23
CWIP 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
Investments 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
37.07 29.19 25.41 25.59 19.00 17.33 7.31 2.82 2.32 2.37 2.53 2.49 2.53
Total Assets 55.07 46.08 41.08 39.81 31.78 28.30 14.99 3.05 2.55 2.60 2.76 2.72 2.76

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.05 -0.33 1.94 0.26 5.40 1.15 19.03 3.34 0.18 -0.02 0.06 -0.04
-0.43 -0.01 0.02 0.05 0.01 0.80 6.00 -2.97 0.00 0.00 0.00 0.00
-0.33 -0.13 -1.81 -0.36 -5.50 -1.98 -24.96 -0.43 -0.20 0.02 -0.02 0.01
Net Cash Flow 0.29 -0.47 0.15 -0.04 -0.09 -0.04 0.07 -0.06 -0.02 0.00 0.05 -0.03

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 127.51 135.68 232.65 509.66 671.83 655.45 298.32 186.06 3,818.46 484.45 126.31
Inventory Days 49.63 174.86 513.29 706.24 382.65 493.56 326.13 0.00 0.00 0.00 0.00
Days Payable 98.66 80.33 78.73 147.46 83.71 103.44 43.61
Cash Conversion Cycle 78.48 230.21 667.21 1,068.44 970.78 1,045.57 580.84 186.06 3,818.46 484.45 126.31
Working Capital Days 85.13 211.62 525.44 943.21 770.91 556.29 -421.15 122.01 1,909.23 248.86 74.05
ROCE % 10.81% 8.21% 2.24% -3.63% -18.14% -2.11% -30.97% -18.59% -18.68% -12.78% 9.85% 4.26%

Shareholding Pattern

Numbers in percentages

128 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.34% 54.28% 54.28% 57.01% 57.01% 40.99% 40.99% 26.49% 26.49% 26.84% 26.47% 11.02%
45.66% 45.72% 45.72% 42.99% 42.99% 59.02% 59.01% 73.51% 73.51% 73.15% 73.53% 88.98%
No. of Shareholders 1,8402,5162,7122,8543,0423,1343,3734,0664,8637,8958,5769,159

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