Goldstar Power Ltd
Incorporated in 1999, Goldstar Power Ltd manufactures Batteries and Battery Product[1]
- Market Cap ₹ 335 Cr.
- Current Price ₹ 13.9
- High / Low ₹ 23.4 / 4.00
- Stock P/E 82.6
- Book Value ₹ 1.17
- Dividend Yield 0.00 %
- ROCE 19.7 %
- ROE 16.8 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 11.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 6.64% over past five years.
- Company has a low return on equity of 12.8% 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Half Yearly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
61.89 | 48.83 | 37.48 | 40.03 | 54.47 | 43.13 | 36.37 | 35.88 | 42.06 | 42.91 | 49.98 | 50.17 | |
56.57 | 46.81 | 38.79 | 38.00 | 50.86 | 41.00 | 34.58 | 34.98 | 41.10 | 40.51 | 44.00 | 43.41 | |
Operating Profit | 5.32 | 2.02 | -1.31 | 2.03 | 3.61 | 2.13 | 1.79 | 0.90 | 0.96 | 2.40 | 5.98 | 6.76 |
OPM % | 8.60% | 4.14% | -3.50% | 5.07% | 6.63% | 4.94% | 4.92% | 2.51% | 2.28% | 5.59% | 11.96% | 13.47% |
0.14 | 2.99 | 3.82 | 0.48 | 0.58 | 1.10 | 1.26 | 1.93 | 1.75 | 1.27 | 2.09 | 2.15 | |
Interest | 3.42 | 3.49 | 1.76 | 1.41 | 1.65 | 1.42 | 0.86 | 0.89 | 0.96 | 1.19 | 1.48 | 1.84 |
Depreciation | 0.86 | 0.98 | 1.53 | 1.57 | 1.36 | 1.31 | 1.57 | 1.63 | 1.58 | 1.42 | 1.59 | 1.57 |
Profit before tax | 1.18 | 0.54 | -0.78 | -0.47 | 1.18 | 0.50 | 0.62 | 0.31 | 0.17 | 1.06 | 5.00 | 5.50 |
Tax % | 38.14% | 44.44% | 15.38% | 17.02% | 50.00% | 44.00% | -64.52% | -22.58% | 52.94% | 33.02% | 25.60% | 26.55% |
0.72 | 0.30 | -0.66 | -0.39 | 0.59 | 0.29 | 1.01 | 0.37 | 0.08 | 0.71 | 3.73 | 4.05 | |
EPS in Rs | 0.25 | 0.10 | -0.23 | -0.13 | 0.20 | 0.01 | 0.04 | 0.02 | 0.00 | 0.03 | 0.15 | 0.17 |
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: | 0% |
5 Years: | 7% |
3 Years: | 6% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 32% |
3 Years: | 270% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 62% |
3 Years: | 150% |
1 Year: | 163% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 13% |
Last Year: | 17% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | 10.70 | 10.70 | 10.70 | 10.70 | 10.70 | 19.26 | 24.07 |
Reserves | 10.07 | 10.37 | 9.66 | 9.27 | 9.30 | 7.55 | 8.56 | 8.94 | 9.01 | 9.72 | 4.89 | 4.12 |
19.33 | 25.95 | 15.77 | 14.11 | 11.33 | 7.93 | 7.87 | 8.80 | 11.57 | 17.64 | 13.15 | 18.22 | |
10.30 | 5.36 | 11.36 | 8.86 | 11.43 | 9.05 | 7.23 | 7.00 | 4.17 | 8.17 | 7.19 | 7.43 | |
Total Liabilities | 41.00 | 42.98 | 38.09 | 33.54 | 33.36 | 35.23 | 34.36 | 35.44 | 35.45 | 46.23 | 44.49 | 53.84 |
16.60 | 17.04 | 15.59 | 14.16 | 13.00 | 12.27 | 13.33 | 11.80 | 10.62 | 9.79 | 15.21 | 18.19 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.76 | 0.00 | 0.00 | 0.00 | 7.02 | 0.00 | 0.00 |
Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 7.60 |
24.39 | 25.93 | 22.49 | 19.37 | 20.35 | 22.19 | 21.02 | 23.63 | 24.83 | 29.42 | 29.28 | 28.05 | |
Total Assets | 41.00 | 42.98 | 38.09 | 33.54 | 33.36 | 35.23 | 34.36 | 35.44 | 35.45 | 46.23 | 44.49 | 53.84 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.44 | -2.90 | 10.58 | 1.35 | 2.17 | -1.99 | 2.57 | 0.50 | -0.17 | -0.93 | 6.54 | 7.99 | |
0.81 | -1.44 | -0.13 | -0.03 | -0.45 | -1.30 | -1.77 | 0.10 | 1.05 | -7.44 | -0.54 | -11.17 | |
-0.23 | 3.82 | -10.40 | -2.23 | -1.60 | 3.13 | -1.00 | 0.02 | 1.06 | 5.79 | -5.97 | 3.22 | |
Net Cash Flow | 0.14 | -0.52 | 0.05 | -0.92 | 0.12 | -0.16 | -0.21 | 0.62 | 1.94 | -2.58 | 0.03 | 0.04 |
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 | 45.00 | 43.43 | 94.66 | 78.69 | 37.26 | 47.05 | 54.19 | 36.93 | 54.15 | 81.32 | 81.06 | |
Inventory Days | 83.20 | 150.49 | 102.65 | 78.98 | 47.16 | 64.02 | 164.00 | 189.98 | 122.56 | 156.62 | 133.01 | |
Days Payable | 58.09 | 23.32 | 92.67 | 59.81 | 39.23 | 36.82 | 41.84 | 41.72 | 15.71 | 21.71 | 5.00 | |
Cash Conversion Cycle | 70.11 | 170.60 | 104.64 | 97.86 | 45.19 | 74.26 | 176.35 | 185.18 | 161.00 | 216.23 | 209.07 | |
Working Capital Days | 75.13 | 146.73 | 103.33 | 62.82 | 55.75 | 111.37 | 128.66 | 151.78 | 152.04 | 183.73 | 163.37 | |
ROCE % | 15.97% | 8.02% | 3.05% | 3.66% | 12.14% | 8.02% | 5.55% | 4.32% | 3.78% | 6.49% | 17.33% |
Documents
Announcements
-
Financial Result Updates
27 May 2024 - Goldstar Power Limited has submitted to the Exchange, the financial results for the period ended March 31, 2024.
-
Board Meeting Intimation
20 May 2024 - GOLDSTAR POWER LIMITED has informed about Board Meeting to be held on 27-May-2024 to inter-alia consider and approve the Audited Financial results of the Company …
-
Disclosure under SEBI Takeover Regulations
7 May 2024 - Goldstar Power Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
-
Updates
19 April 2024 - Goldstar Power Limited has informed regarding 'Non-Applicability of Corporate Governance report'.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
18 April 2024 - Goldstar Power Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Business Overview:[1][2][3]
GSL manufactures and assembles all types
of batteries including storage batteries, dry batteries, solar power batteries and also does trading of Inverter, Chemicals & other battery related equipment. It procures Battery Scrap and Discarded Batteries from dealers and retailers and converts to finished product which are marketed under the brand name Goldstar. These are used in Lead Acid Batteries for Automotive, Industrial, Motorcycle, UPS, Solar, Genset and Inverter application. Company caters to all 3 segments of market viz. exports, domestic/after sales market and OEM