Gallard Steel Ltd (544616) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Gallard Steel was incorporated on April 9, 2015 under the name of ‘Gallard Steel Limited’, a limited Company under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation issued by Registrar of Companies, Gwalior, Madhya Pradesh. It is an engineering company engaged in the manufacturing of ready-to-use components, assemblies, and subassemblies for Indian railways, defence, power generation and allied industries. Its product portfolio includes critical components such as traction motor components and bogie assembly components for the railway sector, sub-assemblies for thermal and hydro turbines used in the power generation sector and components for industrial machinery, equipment and the defence sector. These components are manufactured using unmachined and machined castings made from metals including carbon steel, ductile iron, grey cast iron and medium and low alloy steels. Its clientele primarily comprises companies operating in the heavy engineering, railways and defence sector. 

In the railway sector, it supplies components for the production of traction motors and bogie assemblies, including control arms for FIAT LHB coaches, stator frames for various motors used by railways for manufacturing of traction motors serving the railway and heavy engineering industries. In the defence sector, it manufactures components such as cradles and recoiling assembly cylinders for government defence production units. In the power generation sector, it manufactures guide vanes, bush housings and fork systems for heavy engineering companies, which are used in hydro and thermal power generation. In components for industrial machinery and equipment, it manufactures High Temperature Resistance Liner and other components. 

It holds Class ‘A’ Foundry Status from the Research Designs and Standards Organization (RDSO), Ministry of Railways, confirming compliance with IS: 12117:1996 (Reaffirmed 2022). In addition, it has been approved by the competent authority under Indian Railways for capacity-cum-capability assessment to develop, manufacture and supply various critical components for electric locomotives and traction motors, including Suspension Tubes, Axle Boxes, Gear Cases, Axle Box housing and Control Arms. It is also an approved vendor for supplying critical components for defense applications, including Cradle Assemblies and Steel Castings, as per specific technical requirements.

It utilizes a range of in-house machinery and equipment to support processes such as melting, heat treatment, grinding, molding, sand mixing and finishing. This enables it to maintain a comprehensive production process, ensuring that its products meet the required standards for critical customer applications. In addition, it conducts in-house testing of its products using various equipment’s to evaluate parameters such as material composition, mechanical properties and defect detection, ensuring compliance with required client specifications.

Business area of the company

The company is engaged in the manufacturing of ready-to-use components, assemblies, and subassemblies for Indian railways, defence, power generation and allied industries. Its product portfolio includes critical components such as traction motor components and bogie assembly components for the railway sector, sub-assemblies for thermal and hydro turbines used in the power generation sector and components for industrial machinery, equipment and the defence sector. Its clientele primarily comprises companies operating in the heavy engineering, railways and defence sector.

Products of the company

• Traction Motor Components & Bogie Assembly Components (Railways)
• Industrial Machinery & Equipment Components
• Hydro Turbine & Power Generation Components
• Defense Components
• Rebonded Foam

History and millstones

• 2015: Incorporation of the company as ‘Gallard Steel Limited’ under the Companies Act, 2013.
• 2016: ISO 9001:2015 Certification for QMS by BVQL
• 2018: Achieved Class A Foundry Status
• 2023-24: Crossed revenue of Rs. 25 crores
• 2024: Acquired Sleeploop India Private Limited and made it a wholly-owned subsidiary
• 2025: Incorporation of foreign subsidiary company, namely, Gallard Steel Europe B.V.