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Godawari Power & Ispat

GPIL NSE
₹205.72 +13.03 (+6.76%)
P/E
17.13
View as Markdown
MCP
Close 4 Nov 2026 ₹205.72 −63.68 −23.6% 1Y
Start ₹269.40

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
20.50%
Debt to Equity
0.08
EPS (TTM)
₹12.01
Book Value
₹85.18
Market Cap
—
P/E (TTM)
17.13
P/B
2.42
ROE
15.30%
Dividend Yield
0.52%
EBITDA
₹1,347 Cr
52W High
₹320.00
52W Low
₹189.15
Day Range
₹191.84 – ₹206.80
Volume
14,42,506

Peer Comparison

Industrials › Industrial Products › Iron & Steel Products

Godawari Power & Ispat peer comparison
Welspun Corp
₹2,400.0027.41₹60,980 Cr5.960.22%19.40%22.90%₹17,300 Cr₹2,319 Cr
APL Apollo Tubes
₹2,199.8049.69₹60,246 Cr10.640.39%25.40%31.80%₹23,065 Cr₹1,229 Cr
Shyam Metalics & Energy
₹1,231.4030.60₹34,478 Cr2.780.15%9.70%13.00%₹19,584 Cr₹1,121 Cr
Ratnamani Metals & Tubes
₹2,449.4039.67₹17,025 Cr4.180.42%12.60%17.90%₹4,314 Cr₹514 Cr
Jindal SAW
₹253.2229.51₹15,754 Cr1.280.81%8.20%10.40%₹18,501 Cr₹498 Cr
Usha Martin
₹486.0029.21₹14,245 Cr4.490.81%15.10%19.50%₹3,837 Cr₹508 Cr
Godawari Power & Ispat (this company)
₹205.7217.13₹13,152 Cr2.420.52%15.30%20.50%₹5,808 Cr₹807 Cr
Gallantt Ispat
₹529.1529.28₹12,939 Cr3.660.38%15.60%18.20%₹4,437 Cr₹436 Cr
Median 8 companies₹880.2829.40₹16,390 Cr3.920.41%15.20%18.85%₹11,554 Cr₹661 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
76
Strong
Returns, margins, earnings quality 22% weight
Valuation
71
Strong
Cheap vs sector & own history 24% weight
Growth
32
Poor
Sales & profit trajectory 9% weight
Financial Health
70
Strong
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
52
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

1
  • The company has delivered a poor sales growth of 6.36% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
48.95
Neutral
MACD (12,26,9)
−7.63
Bullish
SMA (50)
222.29
Bearish
SMA (200)
255.35
Bearish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+10.53%
5Y+6.36%
3Y−2.19%
1Y+0.11%
TTM+8.40%

Net profit

Net profit growth by window
10YTurned to profit
5Y+4.13%
3Y+0.38%
1Y−1.35%
TTM+8.76%

Operating cash flow

Operating cash flow growth by window
10Y+11.87%
5Y+3.61%
3Y+6.35%
1Y+28.84%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+12.46 pp
5Y−5.30 pp
3Y+3.75 pp
1Y+1.26 pp
TTM+0.82 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,799 Cr
Mar 2018₹2,506 Cr
Mar 2019₹3,294 Cr
Mar 2020₹3,270 Cr
Mar 2021₹3,949 Cr
Mar 2022₹5,397 Cr
Mar 2023₹5,745 Cr
Mar 2024₹5,445 Cr
Mar 2025₹5,370 Cr
Mar 2026₹5,376 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹74.00 Cr
Mar 2018₹215 Cr
Mar 2019₹261 Cr
Mar 2020₹177 Cr
Mar 2021₹655 Cr
Mar 2022₹1,467 Cr
Mar 2023₹793 Cr
Mar 2024₹936 Cr
Mar 2025₹813 Cr
Mar 2026₹802 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹1,783 Cr +32.3% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

Godawari Power & Ispat Ltd trades at ₹192.83 as of 2026-10-30 with a market cap of ₹12,982 Cr, a PE of 16.06x, and a near-zero debt-to-equity ratio of 0.08. The company has delivered strong long-term profit compounding of 27% over 10 years but faces a notable slowdown in recent growth, with 3-year sales CAGR at -2% and 3-year profit CAGR at just 1%.

Bull Case 7
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.08, providing significant financial flexibility and resilience through commodity cycles.
  • 10-year compounded profit growth of 27% demonstrates a strong long-term earnings trajectory and management's ability to scale profitably over a full business cycle.
  • ROCE of 18% indicates efficient capital deployment, suggesting the business generates healthy returns on the capital invested in its operations.
  • 10-year stock CAGR of 52% reflects substantial long-term value creation for shareholders over an extended period.
  • TTM profit growth has rebounded to 11%, showing a potential recovery from the sluggish 3-year compounded profit growth of 1%.
  • PE of 16.06x is moderate for a company with a 10-year ROE average of 23%, suggesting the stock is not priced at an aggressive premium relative to its historical return profile.
  • 5-year ROE average of 23% and last year ROE of 15% indicate the business continues to generate above-average equity returns even in a softer period.
Bear Case 8
  • The stock trades at ₹192.83, just marginally above its 52-week low of ₹189.15, and is down roughly 40% from its 52-week high of ₹320, signalling sustained selling pressure.
  • 3-year compounded sales growth is -2%, indicating a contraction in the top line over the medium term, a concern for a capital-intensive industrial business.
  • 3-year compounded profit growth has slowed sharply to just 1%, a steep deceleration from the 10-year CAGR of 27%.
  • 5-year sales growth of only about 6% is notably weak for the industrial products sector and reflects limited top-line momentum.
  • ROE has declined from a 10-year average of 23% to 15% in the last year, pointing to deteriorating return generation in the near term.
  • Dividend yield of 0.51% is modest, offering limited income support for shareholders during periods of capital depreciation.
  • 1-year stock return of -15% underperforms the broader market, reflecting investor caution about the company's near-term prospects.
  • Price-to-book ratio of 2.26x, alongside a declining ROE trend, suggests the premium over book value may come under pressure if returns continue to compress.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago

TL;DR: GPIL is actively diversifying into renewable energy and battery storage, with a new subsidiary and a 20 GWh BESS environment clearance representing meaningful growth optionality. The ongoing Jammu Pigments divestment is a routine portfolio cleanup with no material impact. No clear headwinds emerged in the recent news cycle, though the Deccan Gold loan extension warrants monitoring. The trend is constructive, tilted toward strategic expansion in the energy space.

Positives 2
  • Environment clearance for 20 GWh BESS Oct 6

    Subsidiary Godawari New Energy received environment clearance from Maharashtra's SEAC-3 for a 20 GWh battery energy storage system at AURIC Bidkin Industrial Area, opening a significant new revenue vertical.

  • New energy subsidiary incorporated Oct 17

    GPIL incorporated Godawari Energy Solutions Private Limited as a wholly owned subsidiary to undertake EPC and renewable energy projects, signaling deeper commitment to the energy transition space.

Neutral 2
  • Jammu Pigments stake divestment continues Nov 3

    GPIL sold a cumulative 14,76,300 of 16,75,000 approved Jammu Pigments shares across multiple tranches, reducing its stake from 39.99% to 36.38% and receiving ₹10.95 crore in the latest Nov 3 tranche and ₹10 crore in the Oct 14 tranche.

  • Subsidiary loan extended to 2027 Nov 3

    Hira Ferro Alloys extended the repayment deadline of a ₹20 crore inter-corporate loan to Deccan Gold Mines from Oct 31, 2026 to Mar 31, 2027, with all other terms unchanged.

Quarterly Results

₹ Cr
GPIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,326
1,291
1,309
1,530
1,342
1,268
1,298
1,468
1,323
1,308
1,139
1,610
1,750
Expenses
1,019
930
978
1,201
935
1,021
1,076
1,150
999
1,048
922
1,171
1,417
Operating Profit
307
361
331
329
408
247
221
318
324
260
218
439
334
OPM %
23%
28%
25%
22%
30%
19%
17%
22%
24%
20%
19%
27%
19%
Other Income
44
26
15.79
40.18
29.94
22.81
18.44
32
26
23
27
18
38
Interest
8.27
10
16
24
14
14
13
15
15
11
13
19
20
Depreciation
34
35
35
37
38
39
37
40
44
41
45
48
50
PBT
307
343
295
308
385
217
190
295
291
231
188
390
302
Tax %
25%
25%
23%
29%
26%
27%
24%
25%
26%
30%
24%
28%
26%
Net Profit
231
257
229
219
287
159
145
222
216
162
143
280
222
EPS (₹)
3.4
3.78
3.37
3.21
4.22
2.38
2.16
3.31
3.23
2.41
2.14
4.17
3.29

Profit & Loss

₹ Cr
GPIL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,384
1,976
1,799
2,506
3,294
3,270
3,949
5,397
5,745
5,445
5,370
5,376
5,808
Expenses
2,026
1,759
1,508
1,909
2,505
2,646
2,812
3,529
4,612
4,117
4,176
4,114
4,557
Operating Profit
358
218
291
597
790
624
1,137
1,868
1,134
1,328
1,194
1,263
1,251
OPM %
15%
11%
16%
24%
24%
19%
29%
35%
20%
24%
22%
23%
22%
Other Income
60
14
16
6
9
−3
48
175
93
129
109
72
107
Interest
224
252
259
263
253
212
115
20
20
60
55
58
64
Depreciation
118
126
120
132
133
137
109
105
124
141
155
178
185
PBT
77
−147
−73
208
414
273
962
1,918
1,083
1,256
1,092
1,098
1,110
Tax %
8%
−32%
1%
−3%
37%
35%
32%
24%
27%
26%
26%
27%
—
Net Profit
71
−100
−74
215
261
177
655
1,467
793
936
813
802
808
EPS (₹)
1.01
−1.35
−1.06
2.95
3.58
2.37
9.06
20.81
11.26
13.76
12.13
11.93
12.01
Div. Payout %
5%
0%
0%
0%
0%
0%
10%
12%
7%
7%
17%
8%
—

Balance Sheet

₹ Cr
GPIL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
33
32
34
34
34
34
34
66
65
62
61
62
Reserves
892
763
663
889
1,135
1,344
2,001
3,246
3,841
4,434
4,845
5,747
Borrowings
2,038
2,007
2,214
2,124
1,886
1,697
896
428
317
52
311
443
Other Liabilities
786
613
342
405
456
407
542
1,149
937
998
942
1,045
Total Liabilities
3,748
3,415
3,253
3,452
3,511
3,482
3,474
4,890
5,159
5,545
6,159
7,296
Fixed Assets
2,403
2,289
2,326
2,264
2,249
2,269
2,013
1,530
2,065
2,362
2,730
3,424
CWIP
187
238
136
171
130
137
137
643
443
433
432
470
Investments
67
114
108
131
132
123
277
239
242
222
471
391
Other Assets
1,091
774
683
885
1,000
951
1,046
2,478
2,410
2,528
2,526
3,012
Total Assets
3,748
3,415
3,253
3,452
3,511
3,482
3,474
4,890
5,159
5,545
6,159
7,296

Cash Flow

₹ Cr
GPIL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
551
377
15
451
550
551
969
1,330
962
1,044
898
1,157
Investing
−268
−6
14
−121
−66
−150
−62
−1,095
−220
−754
−436
−1,336
Financing
−279
−374
−21
−354
−491
−401
−900
−233
−246
−679
−252
156
Net Cash Flow
4
−2
8
−24
−7
0
6
2
496
−388
210
−23
Free Cash Flow
304
327
−38
346
474
387
929
724
513
626
364
76
CFO/OP
159
176
6
79
81
100
98
93
111
100
96
112

Ratios

GPIL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
24
18
23
23
17
20
25
24
19
14
9
9
Inventory Days
104
110
98
112
123
112
100
133
88
111
114
124
Days Payable
120
119
40
42
40
36
38
81
57
65
57
59
Cash Conversion Cycle
8
9
81
93
99
96
87
76
50
60
67
73
Working Capital Days
−32
−90
39
40
47
50
52
38
34
53
43
40
ROCE %
8%
3%
6%
15%
21%
15%
34%
54%
27%
29%
23%
21%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Godawari Power & Ispat insights

65 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 63.17%
  • Public 20.40%
  • Others 6.71%
  • FIIs 5.36%
  • DIIs 4.36%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Godawari Power & Ispat

What does Godawari Power & Ispat Ltd do?
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.
Where is Godawari Power & Ispat Ltd (GPIL) listed?
Godawari Power & Ispat Ltd trades as GPIL on the NSE and under code 532734 on the BSE.
Which sector does Godawari Power & Ispat Ltd belong to?
Godawari Power & Ispat Ltd is classified under the Industrial Products sector, in the Iron & Steel Products industry.
What is the PE ratio of Godawari Power & Ispat Ltd?
Godawari Power & Ispat Ltd trades at a PE ratio of 17.13 as of 4 Nov 2026, on earnings per share of ₹12.01, against a book value of ₹85.18 per share.
What is the 52-week high and low of Godawari Power & Ispat Ltd?
Over the last 52 weeks Godawari Power & Ispat Ltd has traded between ₹189.15 and ₹320 as of 4 Nov 2026.
Does Godawari Power & Ispat Ltd pay dividends?
Godawari Power & Ispat Ltd has a dividend yield of 0.52%.
What is the Return on Equity (ROE) of Godawari Power & Ispat Ltd?
Godawari Power & Ispat Ltd reported a return on equity of 15.30%. Its debt-to-equity ratio is 0.08.

Company Information

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.

Website godawaripowerispat.com
CEO Mr. Bajrang Lal Agrawal
Employees 1,884
Listed 25 Apr 2006
Face Value ₹1

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