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Gallard Steel Ltd (544616)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544616 NSE: Engineering - Industrial Equipments | Small Cap | Gallard Steel Share Price

₹169 -0.70 (-0.41%)

As on 29-Sep'26 16:59

Gallard Steel Ltd (544616)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544616 NSE: Engineering - Industrial Equipments | Small Cap | Gallard Steel Share Price

₹169 -0.70 (-0.41%)

As on 29-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹161 Cr.
Current Price
₹169
52-Week Low / High
₹110 / 246
TTM EPS
₹9.6
TTM Sales
₹68.1 Cr.
Book Value per Share
₹61.8
P/E Ratio
17.63
Lower than its 5-year historical median
Industry PE
59
Price to Book (P/B)
2.73
Higher than its 5-year historical median
Price to Sales (P/S)
2.36
Lower than its 5-year historical median
EV/EBITDA
10.63
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
43.16%
Outperforms industry median
Return on Capital Employed (ROCE)
30.49%
Outperforms industry median
Return on Assets (ROA)
13.86%
Operating Profit Margin
23.4%
Net Profit Margin
11.38%
Gross Profit Margin
20.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
63.7%
Operating Profit Growth (1 Year)
-
145.87%
Net Profit Growth (1 Year)
-
89.69%
Asset Quality
Promoter Holding
67.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹49 Cr.
Equity
₹9.5 Cr.
Face Value
₹10
All Time Low / High
₹110.00 / 245.95

Gallard Steel stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Gallard Steel Ltd a good quality company?
Gallard Steel Ltd is a weak quality company, based on a inconsistent 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 Gallard Steel Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Gallard Steel Ltd vs industry peers?
Gallard Steel Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Gallard Steel Ltd?
Promoters hold 67.16% of the Gallard Steel Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Gallard Steel Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

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.
Gallard Steel Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ5.8%16.4%22.5%29.5%-
Value Creation
Index ⓘ
-0.60.20.61.1-

Growth Parameters ⓘ

Sales ⓘ14.120.62642.657
Sales YoY Gr.-46%26.4%63.7%-
Adj EPS ⓘ0.62.93.46.87.1
YoY Gr.-396.6%19.4%96.2%-
BVPS (₹) ⓘ12.615.415.422.257.7
Adj Net
Profit ⓘ
0.21.12.44.77
Cash Flow from Ops. ⓘ0.3-22.14.3-
Debt/CF from Ops. ⓘ22.2-4.76.33-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA44.6%63.7%
Adj EPS ⓘNANA126.6%96.2%
BVPSⓘNANA20.9%43.8%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ
4.620.628.63617.8
Op. Profit
Mgn % ⓘ
99.318.520.7NAN
Net Profit
Mgn % ⓘ
1.65.59.311.111.7
Debt to
Equity ⓘ
1.51.61.20.8-
Working Cap
Days ⓘ
01401741510
Cash Conv.
Cycle ⓘ
05355620

Valuation of Gallard Steel - Consolidated

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!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'24Mar'25
Sales2753
Operating Expenses ⓘ + 2241
Manufacturing Costs67
Material Costs1429
Employee Cost 13
Other Costs ⓘ 12
Operating Profit ⓘ 512
Operating Profit Margin (%) 18.9%23.4%
Other Income ⓘ + 10
Exceptional Items ⓘ 00
Interest ⓘ 12
Depreciation ⓘ 13
Profit Before Tax ⓘ 48
Tax ⓘ 02
Profit After Tax 36
PAT Margin (%) 11.9%11.4%
Adjusted EPS (₹)4.68.7
Dividend Payout Ratio (%)0%0%
PARTICULARSMar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1117
Share Capital ⓘ 77
Reserves ⓘ 410
Debt +1518
Long Term Debt1112
Short Term Debt56
Minority Interest00
Trade Payables67
Others Liabilities ⓘ 66
Total Liabilities ⓘ 3949

Fixed Assets

Net Fixed Assets ⓘ +1316
Gross Block1723
Accumulated Depreciation47
CWIP ⓘ 56
Investments ⓘ 00
Inventories56
Trade Receivables915
Cash Equivalents 20
Others Assets ⓘ 55
Total Assets ⓘ 3949
PARTICULARSMar'24Mar'25
Cash Flow From Operating Activity ⓘ + 24
PBT ⓘ 48
Adjustment ⓘ 14
Changes in Working Capital ⓘ -3-8
Tax Paid ⓘ -0-1
Cash Flow From Investing Activity ⓘ + -10-6
Capex -10-7
Net Investments -11
Others ⓘ 10
Cash Flow From Financing Activity ⓘ + 91
Net Proceeds from Shares ⓘ 20
Net Proceeds from Borrowing ⓘ 61
Interest Paid ⓘ -1-2
Dividend Paid ⓘ 00
Others ⓘ 21
Net Cash Flow ⓘ 0-0
PARTICULARSMar'24Mar'25
Ratios
ROE (%)28.9843.16
ROCE (%)16.7330.49
Asset Turnover Ratio0.691.22
PAT to CFO Conversion(x)0.670.67
Working Capital Days
Receivable Days123.8081.80
Inventory Days71.8039.60
Payable Days172.5085.70

Top 5 Mutual Funds Holding

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Announcements

Gallard Steel Ltd FAQs

The current trading price of Gallard Steel on 29-Sep-2026 16:59 is ₹169.0.

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 28-Sep-2026 the market cap of Gallard Steel stood at ₹160.6 Cr

The latest P/E ratio of Gallard Steel as of 28-Sep-2026 is 23.82.

The latest P/B ratio of Gallard Steel as of 28-Sep-2026 is 2.93.

The 52-week high of Gallard Steel is ₹245.9 and the 52-week low is ₹110.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gallard Steel is ₹57.47 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gallard Steel Ltd is a below average quality company.

The key valuation ratios of Gallard Steel Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gallard Steel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Gallard Steel Ltd

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.

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