---
title: "Gallantt Ispat Ltd(Merged) (GALLISPAT) — Share Price, Financials & Analysis"
symbol: "GALLISPAT"
company: "Gallantt Ispat Ltd(Merged)"
canonical: "https://tapetide.com/stocks/GALLISPAT"
sector: "Industrials"
industry: "Industrial Products"
generated_at: "2026-09-13T18:58:19.549Z"
---

# Gallantt Ispat Ltd(Merged) (GALLISPAT)

Canonical page: https://tapetide.com/stocks/GALLISPAT

## Company

- **Sector:** Industrials
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** DELISTED
- **Listed Since:** 2010-10-11
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** gallantt.com

## About

Incorporated in 2005, Gallantt Ispat Ltd. is a leading Iron and Steel manufacturing company. The Co. is primarily engaged in the manufacturing of iron and steel products such as sponge iron, bars, rods, billets, TMT bars, etc. [1][2]

## Latest Price

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.6% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 14% | 17% | 21% |
| revenue growth | 52% | 24% | 14% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 313 | 311 | 226 | 245 | 238 | 182 | 221 | 290 | 405 | 328 | 303 | 375 |
| Expenses | 283 | 275 | 223 | 233 | 225 | 150 | 202 | 235 | 352 | 282 | 285 | 333 |
| Operating Profit | 30 | 36 | 3 | 12 | 13 | 31 | 19 | 54 | 53 | 46 | 18 | 42 |
| OPM % | 9 | 12 | 1.4 | 5 | 5 | 17 | 9 | 19 | 13 | 14 | 6 | 11 |
| Other Income | 12 | 0 | 0 | 1 | 35 | 0 | 1 | 0 | 2 | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 | 3 | 4 | 2 | 2 | 3 | 4 | 3 | 3 | 3 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 6 | 6 | 9 | 9 | 9 |
| Profit before tax | 33 | 28 | -5 | 4 | 38 | 23 | 12 | 46 | 45 | 34 | 6 | 30 |
| Tax % | 17 | 11 | -12 | 29 | 8 | 28 | 12 | 25 | 24 | 24 | -33 | 35 |
| Net Profit | 32 | 28 | -3 | 3 | 33 | 17 | 12 | 46 | 49 | 36 | 11 | 28 |
| EPS in Rs | 1.15 | 1 | -0.11 | 0.1 | 1.15 | 0.58 | 0.44 | 1.62 | 1.72 | 1.27 | 0.38 | 0.98 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 561 | 580 | 425 | 575 | 1229 | 1020 | 1097 | 1411 |
| Expenses | 509 | 527 | 373 | 483 | 1041 | 956 | 940 | 1251 |
| Operating Profit | 52 | 53 | 52 | 92 | 188 | 65 | 157 | 160 |
| OPM % | 9 | 9 | 12 | 16 | 15 | 6 | 14 | 11 |
| Other Income | 2 | 1 | 11 | 2 | 14 | 36 | 3 | 3 |
| Interest | 10 | 8 | 4 | 9 | 10 | 12 | 12 | 13 |
| Depreciation | 15 | 14 | 14 | 18 | 26 | 24 | 23 | 34 |
| Profit before tax | 30 | 31 | 45 | 67 | 166 | 65 | 126 | 116 |
| Tax % | 10 | 8 | 3 | 20 | 22 | 10 | 24 | — |
| Net Profit | 27 | 48 | 56 | 78 | 164 | 61 | 123 | 123 |
| EPS in Rs | 0.93 | 1.7 | 2 | 2.75 | 5.8 | 2.14 | 4.37 | 4.35 |
| Dividend Payout % | 11 | 6 | 3 | 2 | 1 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 29 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 297 | 344 | 464 | 731 | 927 | 987 | 1112 | 1159 |
| Borrowings | 60 | 91 | 138 | 237 | 242 | 237 | 322 | 345 |
| Other Liabilities | 209 | 208 | 182 | 103 | 42 | 59 | 64 | 76 |
| Total Liabilities | 596 | 671 | 812 | 1099 | 1239 | 1311 | 1527 | 1609 |
| Fixed Assets | 266 | 248 | 237 | 469 | 443 | 421 | 399 | 566 |
| CWIP | 8 | 23 | 91 | 11 | 60 | 178 | 281 | 217 |
| Investments | 39 | 59 | 145 | 165 | 234 | 236 | 264 | 276 |
| Other Assets | 283 | 341 | 339 | 455 | 502 | 475 | 583 | 550 |
| Total Assets | 596 | 671 | 812 | 1099 | 1239 | 1311 | 1527 | 1609 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 43 | 21 | 191 | 96 | 53 | 140 | 60 |
| Cash from Investing Activity | -22 | -12 | -152 | -178 | -46 | -124 | -109 |
| Cash from Financing Activity | -18 | -11 | -39 | 81 | -8 | -16 | 75 |
| Net Cash Flow | 3 | -2 | 0 | -1 | 0 | 0 | 25 |
| Free Cash Flow | 38 | 9 | 122 | -60 | 3 | 19 | -45 |
| CFO/OP | 82 | 40 | 385 | 120 | 48 | 235 | 53 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 29 | 25 | 17 | 33 | 23 | 14 | 17 |
| Inventory Days | 42 | 44 | 62 | 107 | 51 | 55 | 46 |
| Days Payable | 13 | 11 | 10 | 54 | 2 | 11 | 3 |
| Cash Conversion Cycle | 59 | 58 | 70 | 86 | 72 | 59 | 60 |
| Working Capital Days | 67 | 86 | 87 | 143 | 98 | 100 | 85 |
| ROCE % | — | 9 | 7 | 9 | 15 | 6 | 10 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 64.09% | 64.09% | 63.09% | 63.1% | 63.09% | 63.09% |
| FIIs | 0.16% | 0% | 0% | 0% | 0% | 0% |
| Public | 35.75% | 35.91% | 36.91% | 36.9% | 36.91% | 36.91% |
| No. of Shareholders | 1122 | 3059 | 3518 | 3264 | 4082 | 8128 |

### Quarterly

| Category | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 63.1% | 63.1% | 63.1% | 63.1% | 63.1% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% | 63.09% |
| DIIs | 0% | 0% | 0.03% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 36.9% | 36.9% | 36.87% | 36.9% | 36.9% | 36.91% | 36.91% | 36.91% | 36.9% | 36.9% | 36.91% | 36.91% |
| No. of Shareholders | 3300 | 3443 | 3378 | 3264 | 3574 | 3628 | 3574 | 4082 | 5897 | 8028 | 8129 | 8128 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 86.07 | Buy |
| EMA (10) | 86.51 | Buy |
| SMA (20) | 89.54 | Sell |
| EMA (20) | 88.5 | Sell |
| SMA (50) | 92.7 | Sell |
| EMA (50) | 91.8 | Sell |
| SMA (100) | 95.75 | Sell |
| EMA (100) | 95.29 | Sell |
| SMA (200) | 101.57 | Sell |
| EMA (200) | 100.83 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.57 | Neutral |
| MACD (12,26,9) | -2.41 | Sell |
| Stochastic (14,3,3) | 19.67 | Buy |
| ADX (14) | 16.47 | Neutral |
| Williams %R (14) | -67.33 | Neutral |
| ATR (14) | 3.22 | High Volatility |
| ROC (12) | -5.69 | Sell |
| Stoch RSI (14) | 65.64 | Neutral |
| UO (7,14,28) | 51.39 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_GALLISPAT_2011_2012_14092012075239.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_GALLISPAT_2010_2011_08092011121212.zip) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/69381533265.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/5332650320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/5332650319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/5332650318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/5332650317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/5332650316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/5332650315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/533265/5332650314.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:19.549Z.