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Goldstar Power Ltd (GOLDSTAR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: GOLDSTAR Batteries | Small Cap | Goldstar Power Share Price

BSE Share Price
Not Listed

Goldstar Power Ltd (GOLDSTAR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: GOLDSTAR Batteries | Small Cap | Goldstar Power Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹245 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0
TTM Sales
₹37.1 Cr.
Book Value per Share
₹1.3
P/E Ratio
243.24
Higher than its 5-year historical median
Industry PE
25.3
Price to Book (P/B)
6.79
In line with its 5-year historical median
Price to Sales (P/S)
6.60
Higher than its 5-year historical median
EV/EBITDA
66.25
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
7.77%
Underperforms industry median
Return on Capital Employed (ROCE)
11.52%
Underperforms industry median
Return on Assets (ROA)
4.33%
Operating Profit Margin
9.4%
Net Profit Margin
4.71%
Gross Profit Margin
10.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-3.57%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-33.09%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-43.7%
Asset Quality
Promoter Holding
61.32%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹7 Cr.
Equity
₹28.6 Cr.
Face Value
₹1
All Time Low / High
- / -

Goldstar Power stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Goldstar Power Ltd a good quality company?
Goldstar Power Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Goldstar Power Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Goldstar Power Ltd vs industry peers?
Goldstar Power Ltd revenue CAGR is 6.16%, compared to the industry median CAGR of 5.68%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Goldstar Power Ltd?
Promoters hold 61.32% of the Goldstar Power Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Goldstar Power Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -19.38% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Goldstar Power Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.1%13%8.1%5.6%4.4%3.8%6.5%17.2%17.6%11.5%-
Value Creation
Index
-0.6-0.1-0.4-0.6-0.7-0.7-0.50.20.3-0.2-

Growth Parameters

Sales 405643.236.435.942.142.95050.248.437
Sales YoY Gr.-39.9%-22.8%-15.9%-1.4%17.2%2%16.5%0.4%-3.6%-
Adj EPS 00000-000.10.20.10
YoY Gr.-NA-66.7%300%-75%-200%NA600%14.3%-50%-
BVPS (₹) 0.60.60.70.80.80.80.911.21.31.3
Adj Net
Profit
00.60.20.90.2-0.30.43.33.721
Cash Flow from Ops. 0.42.2-22.60.5-0.2-0.96.589-
Debt/CF from Ops. 31.55.2-43.117.5-65.8-18.922.31.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 2.1%6.2%4.1%-3.6%
Adj EPS NA51.6%58.7%-50%
BVPS9.3%9.4%14.3%8.6%
Share Price - -15.6% 9.9% -10.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.45.71.54.71.2-1.52.21514.36.93.2
Op. Profit
Mgn %
4.86.54.94.92.52.35.61213.69.45.2
Net Profit
Mgn %
0.11.10.52.40.7-0.716.77.54.23.1
Debt to
Equity
1.21.10.40.40.50.60.90.50.70.40
Working Cap
Days
158110168211220194218214208198174
Cash Conv.
Cycle
73425611315113215516016815568

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales40564336364243505048
Operating Expenses + 38524135354141444344
Manufacturing Costs2222225545
Material Costs32443327283331343634
Employee Cost 2222222222
Other Costs 2543343323
Operating Profit 2422112675
Operating Profit Margin (%) 4.8%6.4%4.9%4.9%2.5%2.3%5.6%11.9%13.6%9.4%
Other Income + 1111221222
Exceptional Items 0000000000
Interest 1211111122
Depreciation 1112221222
Profit Before Tax 0111001563
Tax -010-0-000111
Profit After Tax 0101001442
PAT Margin (%) 0.2%1.1%0.7%2.8%1.1%0.2%1.7%7.5%8.1%4.7%
Adjusted EPS (₹)0.00.00.00.00.00.00.00.20.20.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Goldstar Power - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 10111819202020242830
Share Capital 111111111111192424
Reserves 99899910546
Debt +1111889111611169
Long Term Debt1001158653
Short Term Debt1011878685116
Minority Interest0000000000
Trade Payables5533312004
Others Liabilities 77644489108
Total Liabilities 33333534353546445451

Fixed Assets

Net Fixed Assets +14131213121110151817
Gross Block21212124242410321817
Accumulated Depreciation78911121401700
CWIP 0010007000
Investments 00000000810
Inventories7661214111313128
Trade Receivables96654610111214
Cash Equivalents 1000130000
Others Assets 39103557653
Total Assets 33333534353546445451

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 02-231-0-1789
PBT 0111001563
Adjustment 3332233333
Changes in Working Capital -3-2-50-2-3-4-103
Tax Paid -0-0-0-0-0-0-0-1-1-1
Cash Flow From Investing Activity + 1-0-1-201-7-1-11-0
Capex -0-0-1-2-0-0-8-0-5-0
Net Investments 00000000-8-2
Others 1-000010-112
Cash Flow From Financing Activity + -2-23-1016-63-9
Net Proceeds from Shares 0070000000
Net Proceeds from Borrowing -1-101-043-2-1-2
Interest Paid -1-2-1-1-1-1-1-1-2-2
Dividend Paid 0000000000
Others 01-3-11-24-36-6
Net Cash Flow -10-0-012-3000

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.615.732.035.51.960.43.5416.7315.467.77
ROCE (%)6.0913.018.065.64.353.86.517.217.5511.52
Asset Turnover Ratio1.271.911.311.041.031.191.051.11.020.92
PAT to CFO Conversion(x)N/A2N/A3N/AN/A-11.7524.5
Working Capital Days
Receivable Days73.8040.8045.105545.9042.8067.2075.4082.5096.80
Inventory Days64.2036.2046.7090.60135.70110.20102.3093.7087.8074.10
Payable Days76.7041.5044.1043.6041.2025.7019.2012.203.1019.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.340.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Goldstar Power Ltd FAQs

The current trading price of Goldstar Power on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Goldstar Power stood at ₹244.7 Cr

The latest P/E ratio of Goldstar Power as of 31-Dec-1969 is 243.2.

The latest P/B ratio of Goldstar Power as of 31-Dec-1969 is 6.79.

The 52-week high of Goldstar Power is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goldstar Power is ₹37.10 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Goldstar Power Ltd is a average quality company.

The key valuation ratios of Goldstar Power Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Goldstar Power Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Goldstar Power Ltd

Goldstar Power, incorporated in 1999, is engaged in Manufacturing of Batteries and Battery Product. The company is located at Hapa, Jamnagar, Gujarat with an integrated plant wherein Battery Scrap and Discarded Batteries procured from dealers and retailers are converted to finished product. The company was incorporated on July 12, 1999. The company has India’s only fully integrated unit having all production facility at a single place under single control.

The company’s product range covers various types of batteries including Fully Automotive Batteries for Car, Tractor and Heavy-Duty Trucks, Tubular Batteries for Inverter and Solar Application, SLI and Tubular Batteries for E-Rickshaw, SMF-VRLA Batteries for UPS Application, Motorcycle Batteries, Solar Batteries, Pure Lead and Alloy batteries.

The company’s manufacturing facility is equipped with requisite infrastructure including machinery, other handling equipment to facilitate smooth manufacturing process. The company Endeavors to maintain safety in its premises by adhering to key safety norms. Its manufacturing process is integrated from procurement of raw materials to final testing. 

The company is dedicated towards safe supply and hygiene of its products by controlling the procurement of standard raw material, monitoring the process parameters, maintaining appropriate sanitation and personal hygiene and to comply with applicable statutory and regulatory requirements of its products. Currently, the company caters to all three segments of market viz. exports, domestic/after sales market and OEM.

Business area of the company 

The company is mainly engaged in the business of Manufacturing of Inverter Battery, battery Parts, Plates & processing of Lead. The company is also engaged in trading activity of Batteries and Nonferrous metals.

Products

  • Automotive Battery
  • Tubular Battery
  • VRLA Battery
  • E-Rickshaw Battery

Major Events & Milestones:

  • 1999: Incorporated as a private limited company in the name and style of ‘Goldstar Battery Private Limited’ by Mulji Pansara and Amratlal Pansara.
  • 2001: Registered in Ministry of Defence & Certified Coal Type Test.
  • 2004: Registered with DGS & D.
  • 2005: Awarded with Rashtriya Vikas Ratan Gold Award from International Integration and Growth Society, New Delhi.
  • 2006: Certified with ISO 9001:2000 from BVGOI.
  • 2012: Certified by MNRE for Solar Application.
  • 2017: Change of name from Goldstar Batteries Private Limited to Goldstar Power Private Limited.
  • 2017: Conversion of company from Private Company to Public Limited Company.
  • 2018: Renewed ISO with ISO 9001:2015 Certification from BVQI
  • 2018: Launched Wide Range of Automotive, Tubular, E-Rickshaw, VRLA And Motorcycle Batteries with New Look, Latest Technology and Entirely New Design. This is Catering to the Ever Increasing Indian And Overseas Market.
  • 2018: New corporate office inaugurated at a factory premises.
  • 2023: Undertook capital adjustments, completing a stock split (reducing the equity face value from Rs 10 to Rs 1)
  • 2025: Goldstar Power diversified into the electric vehicle (EV) ecosystem through a strategic equity investment of Rs 210.35 lakh into Retro EV LLP.
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