Goldstar Power Ltd
₹ 11.8
-7.42%
25 Apr
11:40 a.m.
About
Incorporated in 1999, Goldstar Power Ltd manufactures Batteries and Battery Product[1]
Key Points
- Market Cap ₹ 285 Cr.
- Current Price ₹ 11.8
- High / Low ₹ 16.6 / 7.20
- Stock P/E 92.6
- Book Value ₹ 1.22
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 15.5 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 9.74 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 12.4% over last 3 years.
- Earnings include an other income of Rs.2.20 Cr.
* 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
Loading peers table ...
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
61.89 | 48.83 | 37.48 | 40.03 | 54.47 | 43.13 | 36.37 | 35.88 | 42.06 | 42.91 | 49.98 | 50.17 | 44.22 | |
56.57 | 46.81 | 38.79 | 38.00 | 50.86 | 41.00 | 34.58 | 34.98 | 41.10 | 40.51 | 44.00 | 43.41 | 38.94 | |
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 | 5.28 |
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% | 11.94% |
0.14 | 2.99 | 3.82 | 0.48 | 0.58 | 1.10 | 1.26 | 1.93 | 1.75 | 1.27 | 2.09 | 2.15 | 2.20 | |
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 | 1.79 |
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 | 1.53 |
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 | 4.16 |
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 | 3.08 | |
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 | 0.13 |
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: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 32% |
3 Years: | 270% |
TTM: | -26% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 63% |
3 Years: | 120% |
1 Year: | -8% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 12% |
Last Year: | 15% |
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 | 1.30 | 1.30 | 1.30 | 1.30 | 1.30 | 10.70 | 10.70 | 10.70 | 10.70 | 10.70 | 19.26 | 24.07 | 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 | 5.23 |
19.33 | 25.95 | 15.77 | 14.11 | 11.33 | 7.93 | 7.87 | 8.80 | 11.57 | 17.64 | 13.15 | 18.22 | 14.51 | |
10.30 | 5.36 | 11.36 | 8.86 | 11.43 | 9.05 | 7.23 | 7.00 | 4.17 | 8.17 | 7.19 | 7.43 | 7.41 | |
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 | 51.22 |
16.60 | 17.04 | 15.59 | 14.16 | 13.00 | 12.27 | 13.33 | 11.80 | 10.62 | 9.79 | 15.21 | 18.19 | 17.56 | |
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 | 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 | 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 | 26.06 | |
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 | 51.22 |
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 | -11.51 | |
-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 | -0.29 |
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 | 84.17 |
Inventory Days | 83.20 | 150.49 | 102.65 | 78.98 | 47.16 | 64.02 | 164.00 | 189.98 | 122.56 | 156.62 | 133.01 | 118.64 |
Days Payable | 58.09 | 23.32 | 92.67 | 59.81 | 39.23 | 36.82 | 41.84 | 41.72 | 15.71 | 21.71 | 5.00 | 1.33 |
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 | 201.48 |
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 | 158.46 |
ROCE % | 15.97% | 8.02% | 3.05% | 3.66% | 12.14% | 8.02% | 5.55% | 4.32% | 3.78% | 6.49% | 17.33% | 17.54% |
Documents
Announcements
-
Shareholders meeting
24 April 2025 - EGM held to approve share capital increase, NRI investment limits, and preferential equity issuance.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 April 2025 - Certificate under SEBI 74(5) for dematerialization compliance, March 2025 quarter.
-
Copy of Newspaper Publication
2 April 2025 - Notice of EOGM scheduled April 24, 2025 via VC/OAVM
-
Shareholders meeting
28 March 2025 - EOGM for capital increase, NRI/OCI investment limit hike, and large preferential share allotment.
-
Trading Window-XBRL
26 March 2025 - Goldstar Power Limited has informed about Closure of Trading Window
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