Godawari Power & Ispat Ltd

Godawari Power & Ispat Ltd

₹ 1,096 0.73%
03 Jul 11:47 a.m.
About

Godawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys with generation of Electricity.

Key Points

Captive Iron Ore Mines:[1]
Co has 2 captive mines- Ari Dongri Mine(2.35 mn MTPA) & Boria Tibu Mine (0.7mn MTPA) with 165MnT Reserves and 35+ years of mine life.[2]
GPIL sources 85% of its iron ore needs captively from its mines for the production of steel.
Captive mining leads to huge raw material costs saving.[3]
Subsidiary-ASL has to rely on merchant mines for its RM needs.

  • Market Cap 14,895 Cr.
  • Current Price 1,096
  • High / Low 1,180 / 507
  • Stock P/E 16.5
  • Book Value 318
  • Dividend Yield 0.37 %
  • ROCE 30.9 %
  • ROE 22.4 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.0%

Cons

  • Promoter holding has decreased over last 3 years: -4.24%

* 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: Steel Industry: Steel - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,237 1,126 1,247 1,401 1,300 1,483 1,201 1,378 1,223 1,207 1,218 1,214 1,403
768 553 831 981 928 1,054 962 1,191 941 905 857 890 1,082
Operating Profit 468 573 416 420 372 428 239 187 282 302 361 324 320
OPM % 38% 51% 33% 30% 29% 29% 20% 14% 23% 25% 30% 27% 23%
3 1 3 5 109 13 26 34 25 37 21 21 28
Interest 19 11 4 3 0 3 9 16 13 8 8 17 19
Depreciation 23 25 25 26 26 26 29 31 30 31 32 32 32
Profit before tax 430 538 389 397 455 413 228 173 264 299 342 296 298
Tax % 29% 25% 25% 25% 21% 26% 23% 27% 27% 25% 25% 23% 30%
304 403 292 297 359 304 176 126 192 224 256 229 209
EPS in Rs 21.56 28.56 20.69 21.07 25.50 21.55 12.50 8.97 13.62 16.45 18.83 16.81 15.39
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
1,910 1,537 1,926 1,535 1,544 2,111 2,855 2,758 3,632 5,072 5,278 5,042
1,669 1,325 1,663 1,385 1,381 1,678 2,235 2,318 2,588 3,291 4,166 3,735
Operating Profit 241 212 263 150 163 432 620 440 1,044 1,781 1,112 1,307
OPM % 13% 14% 14% 10% 11% 20% 22% 16% 29% 35% 21% 26%
10 24 16 12 14 3 3 3 68 117 98 107
Interest 92 115 145 163 177 185 182 154 110 17 15 52
Depreciation 52 67 66 73 78 89 91 92 96 102 117 127
Profit before tax 106 55 69 -75 -78 161 350 198 906 1,779 1,078 1,235
Tax % -17% -1% 10% 35% 1% -13% 39% 39% 31% 24% 26% 26%
124 56 62 -48 -77 182 213 121 626 1,351 798 917
EPS in Rs 9.48 4.27 4.74 -3.68 -5.49 12.90 15.12 8.61 44.38 95.85 56.63 67.49
Dividend Payout % 7% 15% 5% -0% -0% -0% -0% -0% 10% 14% 7% -0%
Compounded Sales Growth
10 Years: 13%
5 Years: 12%
3 Years: 12%
TTM: -4%
Compounded Profit Growth
10 Years: 32%
5 Years: 34%
3 Years: 16%
TTM: 14%
Stock Price CAGR
10 Years: 39%
5 Years: 82%
3 Years: 49%
1 Year: 108%
Return on Equity
10 Years: 24%
5 Years: 29%
3 Years: 30%
Last Year: 22%

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
Equity Capital 33 33 33 32 34 34 34 34 34 68 68 66
Reserves 671 732 788 699 651 833 1,043 1,163 1,772 3,026 3,694 4,254
1,015 1,182 1,189 1,330 1,551 1,499 1,320 1,210 534 396 143 -0
299 293 521 481 153 217 266 219 461 793 759 807
Total Liabilities 2,017 2,240 2,530 2,541 2,389 2,584 2,663 2,627 2,801 4,282 4,665 5,127
691 1,248 1,339 1,362 1,435 1,408 1,425 1,472 1,406 1,382 1,747 1,922
CWIP 412 65 114 165 59 89 45 53 54 416 240 340
Investments 253 289 294 276 280 281 348 346 341 341 689 646
662 638 782 738 615 806 846 756 999 2,142 1,988 2,219
Total Assets 2,017 2,240 2,530 2,541 2,389 2,584 2,663 2,627 2,801 4,282 4,665 5,127

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
144 233 365 159 -75 323 480 396 801 1,270 1,060 1,070
-366 -273 -219 -127 -5 -100 -125 -132 9 -1,050 -285 -791
224 39 -142 -21 76 -237 -361 -263 -804 -221 -388 -554
Net Cash Flow 1 -2 4 12 -5 -14 -7 1 6 -1 388 -275

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 20 18 22 20 17 19 16 21 27 21 18 13
Inventory Days 74 106 92 128 92 108 121 101 105 122 79 93
Days Payable 49 72 121 143 34 40 39 29 41 76 54 60
Cash Conversion Cycle 44 53 -8 5 75 86 97 92 91 67 43 46
Working Capital Days 57 63 22 -7 96 59 62 67 66 64 47 46
ROCE % 13% 9% 11% 4% 5% 15% 22% 15% 40% 58% 30%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.50% 67.68% 63.26% 63.26% 63.26%
1.15% 1.53% 1.93% 1.90% 2.01% 2.53% 3.01% 3.39% 3.64% 4.66% 5.41% 5.54%
0.99% 0.39% 0.39% 0.16% 0.36% 0.47% 0.75% 1.06% 1.11% 1.52% 2.09% 2.08%
30.35% 30.57% 30.18% 30.43% 30.12% 29.49% 28.73% 28.05% 27.57% 30.56% 29.23% 29.12%
No. of Shareholders 31,18668,49889,70980,36493,17198,10589,4461,11,91382,41684,17087,01394,676

* 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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