Goldstar Power Ltd

Goldstar Power Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Goldstar Power Ltd

₹ 8.75 -3.85%
04 Apr - close price
Company website NSE - SME: GOLDSTAR
About

Incorporated in 1999, Goldstar Power Ltd manufactures Batteries and Battery Product[1]

Key Points

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

Website NSE - SM
  • Market Cap ₹ 211 Cr.
  • Current Price ₹ 8.75
  • High / Low ₹ 16.6 / 7.20
  • Stock P/E 68.4
  • Book Value ₹ 1.22
  • Dividend Yield 0.00 %
  • ROCE 17.5 %
  • ROE 15.5 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 7.19 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

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024
20.58 15.29 16.52 25.54 20.60 22.32 34.61 15.37 28.46 21.71 22.51
19.23 15.74 17.07 24.03 18.79 21.73 31.34 12.70 24.50 18.90 20.04
Operating Profit 1.35 -0.45 -0.55 1.51 1.81 0.59 3.27 2.67 3.96 2.81 2.47
OPM % 6.56% -2.94% -3.33% 5.91% 8.79% 2.64% 9.45% 17.37% 13.91% 12.94% 10.97%
0.30 1.63 0.40 1.35 0.44 0.84 0.97 1.17 0.88 1.27 0.93
Interest 0.39 0.50 0.45 0.51 0.43 0.77 0.77 0.71 0.88 0.97 0.82
Depreciation 0.82 0.82 0.83 0.75 0.92 0.51 0.73 0.86 0.84 0.73 0.80
Profit before tax 0.44 -0.14 -1.43 1.60 0.90 0.15 2.74 2.27 3.12 2.38 1.78
Tax % 11.36% -78.57% -24.48% 27.50% 5.56% 200.00% 32.85% 16.30% 27.88% 17.23% 38.20%
0.40 -0.02 -1.08 1.16 0.85 -0.15 1.83 1.89 2.26 1.97 1.11
EPS in Rs 0.02 -0.00 -0.04 0.05 0.04 -0.01 0.08 0.08 0.09 0.08 0.05
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
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: 54%
3 Years: 101%
1 Year: -38%
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%

Shareholding Pattern

Numbers in percentages

Sep 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Mar 2024Sep 2024
72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91% 72.91%
27.08% 27.09% 27.09% 27.09% 27.08% 27.09% 27.09% 27.09% 27.09% 27.09% 27.09% 27.09%
No. of Shareholders 1351311261271331297474771,1261,3411,708

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