Godawari Power And Ispat Limited (GPIL)

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Godawari Power And Ispat Limited (GPIL) · mywealthgrid

About

Godawari Power And Ispat is an iron and steel products manufacturer operating at mid-cap scale with market capitalization of ₹15,846.79 Cr and recent quarterly revenues between ₹1,001–1,750 Cr. The company sustains operating margins around 23.29%, reflecting competitive positioning within India's industrial steel sector.

Face value: ₹1

Market cap

₹14,517 Cr

P/E

18.0×

P/B

2.3×

Dividend yield

0.5%

ROE

14.9%

ROCE

20.1%

Debt / equity

0.07

OPM

23.3%

EPS (TTM)

₹13.1

Book value

₹94.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility: OPM swings from 19.07% to 29.36% across recent quarters, indicating commodity-price sensitivity and cyclical earnings; verify forward margin assumptions

Revenue fluctuation: Quarterly revenues range ₹1,001–1,750 Cr, reflecting demand and pricing cycles; verify order visibility and customer concentration

Valuation multiple: PE of 19.62 assumes sustained profitability; verify whether recent margin peaks (29.36%) are achievable or cyclical outliers

Limited foreign institutional base: FII holding of 6% may constrain capital access and liquidity; verify if structural or cyclical factors explain this

Generated analysis · source review pending

Growth drivers

Recent operating margin recovery to 27–29% (Mar–Jun 2026) from 20% base suggests operational efficiency gains; verify if these reflect structural improvements or cyclical tailwinds

Low leverage (D/E 0.07) enables capital deployment; verify management's plans for growth investments, shareholder returns, or debt reduction

Latest quarter revenue of ₹1,750.47 Cr is highest in dataset; verify if this represents normalized demand, pricing strength, or temporary peak

Earnings growth trajectory with EPS rising from ₹2.29–2.63 (Dec 2025) to ₹3.59–4.97 (Jun–Mar 2026); verify sustainability of recent profit growth

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹215.7-2.6%1Y

Quick read

rule-based

Pros

+Strong return on equity of 18.2% (3-yr avg)
+High return on capital employed of 23.7%
+Healthy operating margin of 23.3%
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 20×
+High promoter holding of 63.2% with no pledge

Cons

−Modest revenue growth of 5.7% a year over the last 5 years
−Low dividend payout of 8.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 69
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,289	4,072	5,399	5,753	5,455	5,376	5,381
COGS	1,814	1,848	2,392	3,366	2,957	2,970	2,734
Gross profit	1,474	2,224	3,007	2,387	2,498	2,405	2,647
	847	965	1,078	1,250	1,157	1,199	1,388
	627	1,259	1,929	1,137	1,341	1,206	1,259
OPM %	19.1%	30.9%	35.7%	19.8%	24.6%	22.4%	23.4%
Depreciation	137	138	105	124	141	155	178
Interest	212	154	20	20	60	55	58
	-6	4	114	89	115	97	76
Profit before tax	273	971	1,918	1,083	1,256	1,092	1,098
Tax	95	316	451	289	320	279	297
Tax %	35%	32.6%	23.5%	26.7%	25.5%	25.6%	27%
	177	655	1,467	793	936	813	802
PAT margin %	5.4%	16.1%	27.2%	13.8%	17.2%	15.1%	14.9%
EPS (₹)	47.3	181.2	111.4	30.9	75.1	13.2	13.1
EPS adjusted (₹)	—	9.4	22.5	12.2	15	13.2	13
	0%	10.2%	12.1%	13%	8.3%	7.6%	7.7%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	44.8%	54.6%	55.7%	41.5%	45.8%	44.7%	49.2%
EBITDA margin %	19%	30.2%	34.5%	19.7%	24.3%	22.2%	23.3%
EBIT margin %	14.8%	26.8%	32.6%	17.5%	21.8%	19.3%	20%
PAT margin %	5.4%	16.1%	27.2%	13.8%	17.2%	15.1%	14.9%
Working capital
Receivable days	—	25	24	19	14	9	9
Inventory days	—	100	133	88	111	115	124
Payable days	—	39	81	57	65	57	59
NWC days	—	85	76	50	60	67	73
Leverage
Current ratio	—	2.51	1.93	2.45	3.23	2.42	3.04
Debt to EBITDA	—	0.69	0.23	0.28	0.04	0.26	0.34
Debt to equity	—	0.42	0.13	0.08	0.01	0.06	0.07
Interest coverage	2.3	7.1	90.9	54.6	21.5	20.5	20
Asset turnover	—	1.17	1.1	1.12	0.98	0.87	0.74
Return ratios
Return on assets %	—	18.8%	30%	15.4%	16.9%	13.2%	11%
Return on capital employed %	—	35.7%	53.2%	28.3%	28.5%	22.6%	20.1%
Return on equity %	—	32.2%	44.3%	20.3%	20.8%	16.6%	13.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.26%	63.26%	63.26%	63.26%	63.49%	63.51%	63.51%	63.48%	63.51%	63.49%	63.34%	63.18%
	4.66%	5.41%	5.54%	7.5%	7.39%	7.11%	6.58%	6.51%	6.62%	5.9%	5.94%	6%
	1.52%	2.09%	2.08%	1.96%	1.57%	1.9%	2.44%	2.67%	2.44%	2.53%	2.64%	3.1%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.56%	29.24%	29.12%	27.28%	27.55%	27.48%	27.47%	27.34%	27.43%	28.08%	28.08%	27.72%
No. of shareholders	—	—	—	—	—	—	—	—	1,49,422	1,45,824	1,38,643	1,50,509

Promoter holding down 0.08 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Manish BohraEmployees/Designated Employees	BuyESOP	24,000	₹27.89 L	0.01% → 0.01%	2 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

8 deals · 30 Jun 2023 – 15 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
15 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	34,27,873	₹266.73	₹91.43 Cr
15 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	34,27,873	₹266.57	₹91.38 Cr
15 Sept 2025	ARDENT STEEL PRIVATE LIMITED	Block	NSE	Sell	32,50,000	₹242.00	₹78.65 Cr
15 Sept 2025	ANAND PODDAR	Block	NSE	Buy	18,00,000	₹242.00	₹43.56 Cr
15 Sept 2025	AMRITA KEDIA	Block	NSE	Buy	14,50,000	₹242.00	₹35.09 Cr
30 Jun 2023	BAJRANG LAL AGRAWAL HUF	Bulk	BSE	Sell	28,50,000	₹523.52	₹149.20 Cr
30 Jun 2023	KUMAR AGRAWAL	Bulk	BSE	Sell	18,00,000	₹522.04	₹93.97 Cr
30 Jun 2023	PARAM CAPITAL	Bulk	BSE	Buy	10,00,000	₹520.00	₹52.00 Cr

1–8 of 8

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Bajrang Lal AgrawalExecutive Director-Chairperson-MD
Mr. Dinesh Kumar AgrawalExecutive Director
Sanjay BothraChief Financial Officer
Mr. Abhishek AgrawalExecutive Director
Mr. Siddharth AgrawalExecutive Director
Mr. Dinesh Kumar GandhiExecutive Director
Mr. Vinod PillaiNon-Executive - Non Independent Director
Mr. Samir AgarwalNon-Executive - Independent Director
Mr. Raj Kamal BindalNon-Executive - Independent Director
Mr. Sunil DuggalNon-Executive - Independent Director
Mrs. Roma Ashok BalwaniNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 8 fund houses

Held by these funds

0.27%

of the company's equity

All mutual funds

2.35%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

26 schemes · 8 fund houses

		Shares
Natural Resources & New Energy Fund	DSP Mutual Fund	6.86 L	16.72	0.65%	0.102%	-0
Nifty Smallcap 250 Index Fund	Nippon India Mutual Fund	3.91 L	9.54	0.27%	0.058%	+4,786
Nifty Smallcap 250 Index Fund	SBI Mutual Fund	1.99 L	4.85	0.27%	0.03%	+2,226
Nifty Smallcap250 Quality 50 Index Fund	DSP Mutual Fund	1.48 L	3.61	1.14%	0.022%	-137
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.44 L	3.51	0.27%	0.021%	+1,309
Nifty Smallcap 250 Index Fund	ICICI Prudential Mutual Fund	87,759	2.14	0.27%	0.013%	+1,791
Nifty 500 Equal Weight Index Fund	Nippon India Mutual Fund	41,752	1.02	0.19%	0.006%	+20
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	39,156	0.95	0.03%	0.006%	+1,343

1–8 of 26

1 / 4

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2026TranscriptAI SummaryPPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

44 announcementsExport CSV

1 Oct 2026, 5:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	44.8%	54.6%	55.7%	41.5%	45.8%	44.7%	49.2%
EBITDA margin %	19%	30.2%	34.5%	19.7%	24.3%	22.2%	23.3%
EBIT margin %	14.8%	26.8%	32.6%	17.5%	21.8%	19.3%	20%
PAT margin %	5.4%	16.1%	27.2%	13.8%	17.2%	15.1%	14.9%
Working capital
Receivable days	—	25	24	19	14	9	9
Inventory days	—	100	133	88	111	115	124
Payable days	—	39	81	57	65	57	59
NWC days	—	85	76	50	60	67	73
Leverage
Current ratio	—	2.51	1.93	2.45	3.23	2.42	3.04
Debt to EBITDA	—	0.69	0.23	0.28	0.04	0.26	0.34
Debt to equity	—	0.42	0.13	0.08	0.01	0.06	0.07
Interest coverage	2.3	7.1	90.9	54.6	21.5	20.5	20
Asset turnover	—	1.17	1.1	1.12	0.98	0.87	0.74
Return ratios
Return on assets %	—	18.8%	30%	15.4%	16.9%	13.2%	11%
Return on capital employed %	—	35.7%	53.2%	28.3%	28.5%	22.6%	20.1%
Return on equity %	—	32.2%	44.3%	20.3%	20.8%	16.6%	13.8%

Date	Category	Subject	Filing
1 Oct 2026, 5:16 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
29 Sept 2026, 4:40 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
29 Sept 2026, 4:39 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
29 Sept 2026, 4:25 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
29 Sept 2026, 4:22 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
28 Sept 2026, 6:36 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
21 Sept 2026, 6:00 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
21 Sept 2026, 5:26 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	34	66	65	62	61	62
Reserves	2,001	3,247	3,841	4,434	4,845	5,747
Minority interest	72	130	41	58	31	41
	852	428	317	52	309	427
	513	1,019	896	940	912	1,020
Total equity & liabilities	3,474	4,890	5,159	5,545	6,157	7,296
	2,013	1,530	2,065	2,362	2,723	3,424
CWIP	144	643	443	430	430	470
Investments	277	239	228	222	471	391
	1,039	2,478	2,424	2,531	2,534	3,012
Total assets	3,474	4,890	5,159	5,545	6,157	7,296

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	969	1,330	962	1,044	895	1,157
	-62	-1,096	-229	-754	-436	-1,337
	-900	-233	-246	-679	-250	156
Net cash flow	6	2	487	-388	210	-23
Free cash flow	917	717	507	622	360	115
CFO / Operating profit %	78.8%	71.4%	85%	78.6%	75%	92.4%

Compounded sales growth

7 years: —
5 years: 6%
3 years: -2%
1 year: 0%

Compounded profit growth

7 years: —
5 years: 4%
3 years: 0%
1 year: -1%

Return on equity

7 years: —
5 years: 23%
3 years: 17%
Last year: 14%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2021 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Steel	3,957.64	1,033.28	—	994.83
Power	114.28	61.2	—	370.71

SegmentFigure

POWER · revenue

₹ crore by fiscal year

Godawari Power And Ispat Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Dividends20

Board meetings1

Stock splits2

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

POWER · revenue

20

1

2