Gallantt Ispat Ltd.

Gallantt Ispat Ltd.

₹ 308 -3.44%
21 Nov 3:40 p.m.
About

Incorporated in 2005,Gallantt Ispat Limited is a leading Iron and Steel manufacturing Company located in Eastern Uttar Pradesh. The Co is engaged in the business of Iron & Steel, Agro, Power and Real Estate. [1]

Key Points

Product Offerings
Sponge Iron
MS Billets
TMT Bars
Wheat Products: The food grain business of the Co includes wheat flour products like Atta, Maida, Suji and Bran. The products are sold under the brand name “Gallantt” in the states of Uttar Pradesh, Bihar, West Bengal, Assam, Madhya Pradesh, Andhra Pradesh and Karnataka.
Shalimar Gallantt: It is a group housing project located in Lucknow. It is being developed as a JV with The Shalimar Group in Lucknow. [1]

  • Market Cap 7,443 Cr.
  • Current Price 308
  • High / Low 406 / 95.2
  • Stock P/E 23.4
  • Book Value 109
  • Dividend Yield 0.34 %
  • ROCE 12.0 %
  • ROE 9.63 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.78 times its book value
  • Company has a low return on equity of 8.25% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
673 830 863 1,021 931 1,006 1,094 1,036 950 1,063 1,177 1,160 943
642 756 753 949 853 921 970 966 863 956 994 945 845
Operating Profit 31 74 110 72 78 86 124 71 86 107 184 215 98
OPM % 5% 9% 13% 7% 8% 8% 11% 7% 9% 10% 16% 19% 10%
5 3 44 1 4 1 1 1 2 1 3 1 2
Interest 5 5 6 4 7 8 9 6 7 8 8 6 5
Depreciation 23 23 23 25 25 25 25 25 28 29 34 30 30
Profit before tax 7 50 125 45 50 53 92 41 54 71 145 179 65
Tax % 6% 42% 29% 45% 45% 61% 26% 25% 13% 26% 34% 32% 25%
6 29 89 25 28 21 68 31 47 52 95 122 49
EPS in Rs 0.76 3.57 10.93 1.02 1.14 0.87 2.81 1.27 1.96 2.15 3.95 5.05 2.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
663 669 720 670 616 824 1,064 865 2,105 3,017 4,057 4,227 4,342
608 625 656 604 565 738 938 833 1,836 2,721 3,693 3,779 3,740
Operating Profit 55 44 65 66 52 86 125 32 269 297 364 448 602
OPM % 8% 7% 9% 10% 8% 10% 12% 4% 13% 10% 9% 11% 14%
5 1 1 3 1 5 5 1 9 53 3 7 8
Interest 10 12 12 7 6 7 6 6 22 20 27 28 27
Depreciation 16 17 17 18 17 15 14 14 68 92 100 116 123
Profit before tax 33 16 37 44 30 69 110 13 189 237 240 311 460
Tax % 4% 6% 8% 5% 11% 29% 35% 42% 22% 26% 41% 28%
32 15 34 42 27 49 72 7 148 176 141 225 318
EPS in Rs 3.90 1.85 4.17 5.11 3.28 6.07 8.81 0.92 18.18 21.62 5.84 9.34 13.18
Dividend Payout % 0% 0% 0% 0% 0% 4% 3% 0% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: 20%
5 Years: 32%
3 Years: 26%
TTM: 6%
Compounded Profit Growth
10 Years: 31%
5 Years: 26%
3 Years: 15%
TTM: 91%
Stock Price CAGR
10 Years: 28%
5 Years: 64%
3 Years: 68%
1 Year: 226%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 81 81 81 81 81 81 81 81 81 81 241 241 241
Reserves 151 166 200 242 282 331 400 405 1,824 2,002 1,984 2,209 2,381
58 128 91 62 74 55 51 123 388 387 538 462 407
122 60 52 59 31 94 31 54 147 219 186 223 296
Total Liabilities 413 435 424 444 468 561 564 663 2,441 2,689 2,949 3,136 3,326
193 207 212 205 230 219 208 198 1,348 1,452 1,623 1,894 1,840
CWIP 9 7 5 18 13 29 127 241 277 359 316 122 221
Investments 43 43 43 43 43 43 43 43 60 1 2 52 71
169 179 165 178 183 270 186 182 756 877 1,009 1,068 1,195
Total Assets 413 435 424 444 468 561 564 663 2,441 2,689 2,949 3,136 3,326

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
84 -43 70 56 31 109 43 41 173 234 96 344
-9 -27 -20 -22 -40 -83 -37 -106 -193 -209 -225 -248
-69 57 -48 -36 7 -24 -9 65 10 -19 126 -102
Net Cash Flow 6 -13 2 -1 -2 2 -3 -0 -10 6 -3 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 16 23 12 17 20 22 13 10 23 19 12 9
Inventory Days 53 56 55 57 77 65 51 69 56 50 48 48
Days Payable 50 6 0 3 17 47 8 19 18 24 7 6
Cash Conversion Cycle 20 74 67 71 80 41 55 59 61 45 53 51
Working Capital Days 21 65 66 76 74 63 45 35 105 80 79 80
ROCE % 14% 9% 13% 13% 9% 17% 23% 3% 15% 10% 10% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.24% 67.24% 68.72% 68.72% 68.73% 68.75% 68.79% 68.94% 68.94% 68.93% 68.93% 68.93%
0.10% 0.10% 0.03% 0.01% 0.01% 0.01% 0.01% 0.00% 0.01% 0.02% 0.16% 0.09%
32.66% 32.67% 31.25% 31.26% 31.25% 31.22% 31.19% 31.05% 31.04% 31.02% 30.89% 30.96%
No. of Shareholders 10,95811,43818,98218,34618,57818,35518,87620,35620,73120,88419,53618,980

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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