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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

₹177.50 4.95 (2.87%)

As on 02-Jul'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

₹177.50 4.95 (2.87%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹169 Cr.
Current Price
₹177.5
52-Week Low / High
₹110 / 246
TTM EPS
₹7.1
TTM Sales
₹57.5 Cr.
Book Value per Share
₹57.7
P/E Ratio
25.02
Lower than its 5-year historical median
Industry PE
59.3
Price to Book (P/B)
3.08
Price to Sales (P/S)
2.93
Lower than its 5-year historical median
EV/EBITDA
15.42
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
35.96%
Outperforms industry median
Return on Capital Employed (ROCE)
29.48%
Outperforms industry median
Return on Assets (ROA)
13.97%
Operating Profit Margin
20.7%
Net Profit Margin
11.09%
Gross Profit Margin
18.3%
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)
Slowing versus 3-year growth rate
83.4%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
61.99%
Asset Quality
Promoter Holding
67.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹45 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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Quality

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Valuation

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Price Trend

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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 44.58%, compared to the industry median CAGR of 12.49%, indicating faster growth and gaining 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 : 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.
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%
BVPSNANA20.9%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

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales14212643
Operating Expenses + 13192134
Manufacturing Costs24610
Material Costs10141321
Employee Cost 0011
Other Costs 0021
Operating Profit 1259
Operating Profit Margin (%) 9.0%9.3%18.5%20.7%
Other Income + 0100
Exceptional Items 0010
Interest 0111
Depreciation 1111
Profit Before Tax 0237
Tax 0002
Profit After Tax 0135
PAT Margin (%) 1.6%5.5%11.2%11.1%
Adjusted EPS (₹)0.62.94.26.8
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Gallard Steel - 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'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 561116
Share Capital 2277
Reserves 3449
Debt +781112
Long Term Debt4477
Short Term Debt2445
Minority Interest0000
Trade Payables3456
Others Liabilities 1224
Total Liabilities 15193038

Fixed Assets

Net Fixed Assets +5579
Gross Block991114
Accumulated Depreciation4445
CWIP 4456
Investments 0022
Inventories3345
Trade Receivables25713
Cash Equivalents 0010
Others Assets 1243
Total Assets 15193038

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0-224
PBT 0237
Adjustment 1022
Changes in Working Capital -1-4-3-5
Tax Paid 0000
Cash Flow From Investing Activity + -31-6-3
Capex -3-1-3-2
Net Investments 00-1-1
Others 01-20
Cash Flow From Financing Activity + 224-1
Net Proceeds from Shares 0020
Net Proceeds from Borrowing 2-02-1
Interest Paid -0-1-1-1
Dividend Paid 0000
Others 1211
Net Cash Flow 000-0

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.6320.5634.6435.96
ROCE (%)5.7716.3822.5329.48
Asset Turnover Ratio0.941.21.061.26
PAT to CFO Conversion(x)N/A-20.670.8
Working Capital Days
Receivable Days51.6057.8078.8085
Inventory Days70.1052.9051.1037.10
Payable Days99.8083121.6098.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Gallard Steel Ltd FAQs

The current trading price of Gallard Steel on 02-Jul-2026 16:59 is ₹177.5.

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 01-Jul-2026 the market cap of Gallard Steel stood at ₹168.6 Cr

The latest P/E ratio of Gallard Steel as of 01-Jul-2026 is 25.02.

The latest P/B ratio of Gallard Steel as of 01-Jul-2026 is 3.08.

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 Somewhat Undervalued 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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