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Godawari Power And Ispat Ltd (GPIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532734 NSE: GPIL Steel & Iron Products | Small Cap | Godawari Power & Isp Share Price

₹279.90 -6.05 (-2.12%)

As on 05-Jun'26 16:59

Godawari Power And Ispat Ltd (GPIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532734 NSE: GPIL Steel & Iron Products | Small Cap | Godawari Power & Isp Share Price

₹279.90 -6.05 (-2.12%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹19,247 Cr.
Current Price
₹279.9
52-Week Low / High
₹175 / 320
TTM EPS
₹13.7
TTM Sales
₹4,714 Cr.
Book Value per Share
₹83.1
P/E Ratio
20.93
Higher than its 5-year historical median
Industry PE
25.8
Price to Book (P/B)
3.44
Higher than its 5-year historical median
Price to Sales (P/S)
4.08
Higher than its 5-year historical median
EV/EBITDA
13.55
Higher than its 5-year historical median
Dividend Yield
0.69%
Profitability Efficiency
Return on Equity (ROE)
17.21%
Outperforms industry median
Return on Capital Employed (ROCE)
23.44%
Outperforms industry median
Return on Assets (ROA)
14.28%
Operating Profit Margin
24.1%
Net Profit Margin
16.51%
Gross Profit Margin
25.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-7.55%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.38%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-16.11%
Asset Quality
Promoter Holding
63.34%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,529 Cr.
Equity
₹67.3 Cr.
Face Value
₹1
All Time Low / High
₹2.08 / 320.00

Godawari Power And Ispat 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 Godawari Power And Ispat Ltd a good quality company?
Godawari Power And Ispat Ltd is a good quality company, based on a consistently good 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 Godawari Power And Ispat Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Godawari Power And Ispat Ltd vs industry peers?
Godawari Power And Ispat Ltd revenue CAGR is 10.94%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Godawari Power And Ispat Ltd?
Promoters hold 63.34% of the Godawari Power And Ispat Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Godawari Power And Ispat Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 56.8% 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.
Godawari Power And Ispat Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.4%4.6%15%22.3%14.6%42.8%61.6%30.4%31.3%23.4%-
Value Creation
Index
-0.7-0.70.10.60.02.13.41.31.30.7-

Growth Parameters

Sales 1,5391,5462,1262,8752,7743,6415,0755,2855,0424,6614,714
Sales YoY Gr.-0.5%37.5%35.3%-3.5%31.3%39.4%4.1%-4.6%-7.6%-
Adj EPS -0.8-1.12.631.78.518.811.713.711.913.7
YoY Gr.-NANA15.2%-43.2%394.2%120.8%-37.8%17.6%-13.1%-
BVPS (₹) 11.61012.715.817.626.545.455.265.771.683.1
Adj Net
Profit
-47.8-80.51862131215801,280797903772919
Cash Flow from Ops. 159-753234803968011,2701,0911,088851-
Debt/CF from Ops. 8.3-20.74.62.83.10.70.30.100.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.1%10.9%-2.8%-7.6%
Adj EPS NA47.3%-14%-13.1%
BVPS22.5%32.5%16.4%9%
Share Price 57.3% 42.2% 57.3% 48.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-6.2-11.423.921.910.638.652.323.222.417.217.7
Op. Profit
Mgn %
9.210.420.321.615.828.735.121.625.924.125
Net Profit
Mgn %
-3.1-5.28.77.44.415.925.215.117.916.619.5
Debt to
Equity
1.82.31.71.210.30.1000.10
Working Cap
Days
1491301079710285921019711071
Cash Conv.
Cycle
-1218444960462928212450

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,5391,5462,1262,8752,7743,6415,0755,2855,0424,661
Operating Expenses + 1,3981,3851,6942,2562,3362,5973,2954,1423,7363,543
Manufacturing Costs194211257365415431523593636656
Material Costs1,0971,0751,2961,6891,6181,7232,2303,0812,6792,456
Employee Cost 68678098108124143187201265
Other Costs 383261103195319399282221167
Operating Profit 1411614326204381,0441,7801,1421,3061,118
Operating Profit Margin (%) 9.1%10.4%20.3%21.6%15.8%28.7%35.1%21.6%25.9%24.0%
Other Income + 21169355209691102
Exceptional Items 00-60063992180
Interest 16317718518215411017465247
Depreciation 737889919296102117127137
Profit Before Tax -75-781613501989061,7791,0781,2351,036
Tax -26-1-2113776280428279318266
Profit After Tax -48-771822131216261,351798917770
PAT Margin (%) -3.1%-5.0%8.6%7.4%4.4%17.2%26.6%15.1%18.2%16.5%
Adjusted EPS (₹)-0.8-1.12.73.11.89.219.811.714.011.9
Dividend Payout Ratio (%)0%0%0%0%0%10.10%11.10%6.80%7.20%10.50%

Valuation of Godawari Power & Isp - 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 + 7316858671,0781,1971,8063,0943,7624,3164,627
Share Capital 32343434343468686665
Reserves 6996518331,0431,1631,7723,0263,6944,2504,563
Debt +1,1161,5321,4151,2451,1554903961430259
Long Term Debt8391,3611,2851,1171,0024110000
Short Term Debt277171130128153793961430259
Minority Interest0000000000
Trade Payables431101142182130193465464444363
Others Liabilities 26269102159145311328296367403
Total Liabilities 2,5402,3872,5262,6632,6272,8014,2824,6655,1275,654

Fixed Assets

Net Fixed Assets +1,3621,4351,4081,4251,4721,4061,3821,7471,9202,276
Gross Block1,4351,5851,6471,7491,8871,9021,9752,4562,7633,247
Accumulated Depreciation73150239324415496593709844971
CWIP 1655989455354416240342334
Investments 276280281348346341341689646913
Inventories386270384558446498744671685694
Trade Receivables867410812315526629326718086
Cash Equivalents 723840281739549650865682
Others Assets 192231217136138196556400489667
Total Assets 2,5402,3872,5262,6632,6272,8014,2824,6655,1275,654

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 159-753234803968011,2701,0911,087851
PBT -75-781613501989061,7791,0781,2351,036
Adjustment 2172422682732401504105101119
Changes in Working Capital 23-240-91-7018-125-9920240-61
Tax Paid -61-15-72-60-130-413-294-290-243
Cash Flow From Investing Activity + -127-5-100-125-1329-1,050-285-808-399
Capex -138-43-92-64-146-37-451-323-394-490
Net Investments -031-16-641244-425-34-44074
Others 1278222-174722617
Cash Flow From Financing Activity + -2176-237-361-263-804-221-419-554-243
Net Proceeds from Shares 0310000-0000
Net Proceeds from Borrowing 142352-9-154-103-602-455000
Interest Paid -163-177-185-182-154-110-17-46-52-47
Dividend Paid -30000-18-65-120-54-84
Others 3-130-43-25-7-74317-253-448-112
Net Cash Flow 12-5-14-716-1388-275209

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-6.22-10.9423.4521.9310.6741.6755.1423.2922.7117.21
ROCE (%)4.354.5915.0222.3414.6242.7961.6330.431.323.44
Asset Turnover Ratio0.680.70.891.111.051.341.431.181.030.86
PAT to CFO Conversion(x)N/AN/A1.772.253.271.280.941.371.191.11
Working Capital Days
Receivable Days21.4016.8015.2014.7018.3021.1020.1019.3016.2010.40
Inventory Days74.406954.6059.8066.1047.3044.7048.9049.1054
Payable Days141.6090.5034.303535.2034.2053.905561.8060

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Godawari Power And Ispat Ltd FAQs

The current trading price of Godawari Power & Isp on 05-Jun-2026 16:59 is ₹279.9.

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 04-Jun-2026 the market cap of Godawari Power & Isp stood at ₹19,247.2 Cr

The latest P/E ratio of Godawari Power & Isp as of 04-Jun-2026 is 20.93.

The latest P/B ratio of Godawari Power & Isp as of 04-Jun-2026 is 3.44.

The 52-week high of Godawari Power & Isp is ₹320.0 and the 52-week low is ₹175.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godawari Power & Isp is ₹4,714 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Godawari Power And Ispat Ltd is a good quality company.

The key valuation ratios of Godawari Power And Ispat 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 Godawari Power And Ispat Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Godawari Power And Ispat Ltd

Godawari Power & Ispat (GPIL), the flagship of the Hira Group, was incorporated in 1999 in Raipur, Chhattisgarh, with a vision to become a fully integrated steel producer. Since its public listing on NSE and BSE in 2006, the company has steadily expanded into iron ore mining, pellets, sponge iron, billets, ferro alloys, and wire rods, supported by captive power generation. With strong backward and forward integration, the company stands among India's largest pellet producers. The company is one of the few with captive iron ore mines, ensuring cost efficiency and resource security. Alongside operational excellence, the company has been recognised for its focus on safety, sustainable practices, and community development. 

Business area of the company 

The company is engaged in Iron and Steel Industry, Power Sector and Mining Sector. It is having an integrated steel manufacturing unit with facilities ranging right from captive iron ore mining to production of iron ore pellets, sponge iron, steel billets, rolled products, wires, ferro alloys and captive power plant.

Product offerings

  • Pellets: Pellets are produced by agglomerating iron ore concentrate into consistent shapes and sizes, delivering high-grade iron content essential for efficient steelmaking.
  • Sponge Iron: Sponge iron, or Direct Reduced Iron (DRI), is a highpurity iron product obtained through the solid-state reduction of iron ore using coal.
  • Iron & Steel Billets: Iron and steel billets are semi-finished products with a square cross-section, manufactured through the hot rolling process.
  • Wire Rods: Wire rods are coiled steel products with a round crosssection, produced through the hot rolling of billets.
  • Hard Black Wires: Hard Bright Wires are precision-drawn steel wires produced by cold drawing hot-rolled wire rods to achieve reduced diameters and enhanced tensile strength.
  • Ferro Alloys: Ferro alloys are iron-based alloys enriched with elements such as manganese, silicon, or chromium, designed to enhance the mechanical properties of steel, including strength, durability, and corrosion resistance.

Awards and Achievements 

2018-19

  • Received the HR Best Practices Award from the National HRD Network, Bhubaneswar Chapter, for excellence in human resource development.
  • Became India’s first steel manufacturer to receive ISO 45001:2018 certification, highlighting leadership in occupational health and safety.
  • Participated in “Think Progress, Think Chhattisgarh” by The Economic Times and Times Now, reaffirming its commitment to regional development.

2020-21

  • GPIL was honoured with the National Energy Management Award 2020 by the Society of Energy Engineers and Managers (SEEM), recognising its commitment to sustainable energy practices.
  • Boria Tibu Iron Ore Mines achieved First Place in Waste Dump Management (Group-B) and Third Place in Publicity and Propaganda (Group-B) during MEMC Week FY2021-22.
  • GPIL received a Certificate of Achievement for Swachh Change in ULB during MEMC Week FY2021–22, acknowledging its efforts in waste management and environmental conservation.
  • The Company was awarded the SEEM Gold Award for its outstanding efforts in energy conservation within steel product manufacturing.

2022-23

  • Earned the Great Place to Work Certification, reinforcing GPIL’s reputation as an employee-centric organization.
  • Became a member of the Quality Circle Forum of India (QCFI); four GPIL teams secured Gold Awards at the ICQCC 2023 held in Beijing, China.
  • Achieved national recognition with two ‘Par Excellence’ and two ‘Excellence’ awards at the National Quality Circle Convention.

2023-24

  • On January 10, 2024, GPIL was honoured with the title of “Steel Company of the Year - 2023” by the Steel Users Federation of India (SUFI), supported by the Ministry of Steel, Government of India.
  • In March 2024, GPIL was recognised as “India’s Leading Listed ESG Entity” by Dun & Bradstreet, reflecting its strong commitment to environmental, social, and governance excellence.

2024-25

  • Honored to receive the GEEF Global Safety Award 2025 for Industrial Excellence, recognising commitment to safety, innovation, and operational excellence.
  • National Safety Award in the category of Large Enterprises - Steel & Power Sector at the 12th Global Safety Summit Awards held on December 23, 2024 at Delhi.
  • GPIL declared as ‘India’s Leading Listed ESG Entity’ in March 2024 by Dun & Bradstreet. 
  • ‘Certificate of Excellence’ by the Apex India Foundation at the prestigious 9th Apex India Occupational Health and Safety Awards 2024 held in Goa.
  • ISEI Excellence Award 2024, presented by the Institute of Safety Engineers (India) during a programme held in November 2024 at Raipur.
  • Winner of the “Safety Excellence” category for outstanding achievements at the 22nd Global Greentech Workplace Safety Award 2024, held in January 2025.
  • Platinum SEEM Award 2023 for Excellence in Energy Conservation & Energy Management in the steel product category.
  • Godawari Power & Ispat Ltd became a member of the Quality Circle Forum of India. Five teams from GPIL won the “Par Excellence” award at NCQC 2024 in Gwalior and were nominated for ICQC 2025 in Taiwan.

Milestones

  • 1999: Established in 1999 with the core objective of manufacturing steel through the sponge iron process.
  • 2001: Commissioned a sponge iron plant with an installed capacity of 105,000 tonnes per annum (TPA).
  • 2002: Commissioned the first phase of a 10 MW Waste Heat Recovery (WHR) power plant in September 2002.
  • 2003: Began commercial production of 150,000 TPA steel billets in August 2003.
  • 2004: Initiated first growth phase with sponge iron, steel billets, and captive power production.
  • 2005: Commissioned a 60,000 TPA Hard Black (HB) wire plant in April 2005.
  • 2006: Commissioned a new 16,500 TPA ferro alloys facility in January 2006.
  • 2006: Launched the second phase of growth in September 2006, expanding sponge iron capacity and captive power generation.
  • 2010: Ensured stable raw material supply through strategic backward integration into iron ore mining; commenced commercial operations with 322,352 MT mined in the first year.
  • 2010: Commenced commercial operations of a 600,000 TPA iron ore pellet plant in July 2010.
  • 2010: Commissioned a 20 MW biomass power plant powered by rice husk in November 2010, enhancing renewable energy capacity.
  • 2013: Commissioned a new pellet plant in July 2013, adding 1.5 MTPA to existing capacity.
  • 2013: Introduced coal gasification units, leading to cost reduction in iron ore pellet production.
  • 2015: Built a new 0.2 million TPA rolling mill, bringing the total rolling capacity to 0.4 million TPA.
  • 2016: Mining Capacity surged to 2.1 million TPA.
  • 2018: Approved a strategic investment of Rs 100 crore to establish a pre-fabricated galvanized structures facility, capitalising on emerging market opportunities.
  • 2018: Expanded production capacity with a new 110,000 TPA facility, fully funded through internal accruals, to meet the growing demand for pre-fabricated structures.
  • 2020: Enhanced hot rolling mill capacity by 400,000 TPA in February 2020, strengthening production capabilities and enabling greater product diversification.
  • 2020: Expanded the iron ore beneficiation plant capacity by 1,000,000 TPA, improving feedstock quality and operational efficiency.
  • 2021: Enhanced iron ore production capacity at the Ari Dongri mine from 1.4 MTPA to 2.3 MTPA.
  • 2021: Initiated a new iron ore crushing and beneficiation project at the Ari Dongri mine to further improve operational efficiency.
  • 2022: Commissioned a 70 MW solar power plant in Rajnandgaon in August 2022, further strengthening the company’s renewable energy portfolio.
  • 2022: Acquired a 25 MW thermal power plant from Jagdamba Power and Alloys Limited (JPAL), enhancing captive power capabilities.
  • 2022: Announced a major expansion plan to scale iron ore mining capacity from 2.35 MTPA to 6 MTPA annually.
  • 2022: Proposed establishment of a new 6 MTPA iron ore crushing and beneficiation plant to support expanded mining operations.
  • 2023: Commissioned a 30 MW captive solar power plant at Hira Ferro Alloys Limited (HFAL) and initiated development of an additional 25 MW solar power plant through a subsidiary.
  • 2023: Enhanced steel billets production capacity from 400,000 TPA to 525,000 TPA to support growing downstream demand.
  • 2024: Commissioned a 23 MW captive solar plant at Khairagarh, Rajnandgaon 
  • 2024: Initiated development of a 2 MTPA pellet plant at Raipur.
  • 2024: Increased sponge iron capacity to 594,000 TPA in January 2024.
  • 2024: Expanded Board strength to 12, including one additional woman independent director.
  • 2025: Setting up additional 125 MW Solar Power Plant
  • 2025: Undertaken Decarbonisation initiatives.
  • 2025: Engaged in recycling of non-ferrous metals.
  • 2025: Enhancing steel melting capacity by 50,000 MTs expected commissioning in March 2026.
  • 2025: Commenced production of structural steel in rolling mill.
  • 2025: Establishing 7 MWh waste heat recoverybased power plant.
  • 2025: Commissioned 0.6 MTPA Iron ore benefication plant out of 1.50 MTPA proposed.
  • 2025: Commission 18 MW Solar Power at Tulsipur, Chhattisgarh.
  • 2025: Commissioned 22 MW captive solar power plant at HFAL.
  • 2025: Power Grid Corporation approved our Steel Billets for supply to all TLT manufacturers.
  • 2025: Enhancing pellet capacity from 2.7 MTPA to 4.7 MTPA.

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