Backward-integrated UP/Gujarat steel maker: TMT bars, billets from captive mines, pellets & captive power.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,146 | +13.1% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 10.0 | −3.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 61.0 | −31.5% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 11.70 | +0.5 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 8.24 | +0.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 5.54 | +1.4 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Guidance
11 targets tracked, none judged yet · 11 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Production Capacity | 1.3 million tons | Q4 FY26 | The target capacity has been revised down from 1.3 million tons to 1.23 million tonnes. The project remains on track for H2 FY27 commissioning. | Revised Down |
| Overall Revenue | INR 5,300-5,400 crores | Q4 FY26 | Capacity expansion from 1M to 1.23M tonnes is on track for commissioning in H2 FY27, which is the prerequisite for this revenue target. | On Track |
11 of Gallantt Ispat Limited's 11 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 9 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹527.45 on 24 Oct 2025 → ₹541.75. High ₹927.1 (16 Apr 2026), low ₹503.15 (8 Oct 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Gallantt Ispat Limited is a backward-integrated iron & steel manufacturer running two integrated plants — the GIDA-Sahjanwa unit in Gorakhpur, Uttar Pradesh and the Samakhiyali unit in Kutch, Gujarat — that convert iron ore into pellets, sponge iron (DRI) and finally MS billets and TMT bars for construction. The company runs its own captive thermal power plants (including waste-heat recovery) to power its steel-making, and moves raw materials and finished goods on owned rail rakes and a private railway siding with modern wagon/truck tipplers. It sells TMT bars and billets through a regional dealer network, and holds captive iron-ore mining rights in Rajasthan and Uttar Pradesh to secure its raw-material supply chain.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
11 targets tracked, none judged yet · 11 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Production Capacity | 1.3 million tons | Q4 FY26 | The target capacity has been revised down from 1.3 million tons to 1.23 million tonnes. The project remains on track for H2 FY27 commissioning. | Revised Down |
| Overall Revenue | INR 5,300-5,400 crores | Q4 FY26 | Capacity expansion from 1M to 1.23M tonnes is on track for commissioning in H2 FY27, which is the prerequisite for this revenue target. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 11 tracked commitments, with each call’s wording and source.
Call summaries
Gallantt Ispat Limited Q1 FY27
Gallantt Ispat Limited reported a resilient Q1 FY27 with revenue up 1.6% YoY to ₹1,146 crores and PAT at ₹124 crores, despite a seasonally softer quarter, input cost inflation, and a planned pellet plant shutdown. EBITDA margin held steady QoQ at 18%. The company's significant capacity expansion and raw material security capex programs are on track, funded entirely by internal accruals, maintaining a net debt-free status.
Read the full callGallantt Ispat L Q4 FY26
Gallantt Ispat reported a consolidated revenue of INR 4,418.92 crores for FY26, marking a 3.95% YoY growth, with EBITDA margin expanding to 17.56%. The company remains net-debt free and is undertaking a significant INR 3,000 crores capex program focused on capacity expansion, renewable energy, and mine development, primarily funded through internal accruals. While FY26 was a consolidation phase with marginal volume growth, management expects strong future growth and margin expansion from these initiatives.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: −31% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,118 | 1,072 | 1,128 | 1,013 | 1,074 | 1,205 | 1,146 | 1,146 |
| Expenses | 919 | 889 | 881 | 881 | 920 | 1,020 | 961 | 1,036 |
| Operating profit | 199 | 183 | 247 | 132 | 154 | 184 | 185 | 110 |
| Operating margin | 18.0% | 17.0% | 22.0% | 13.0% | 14.0% | 15.0% | 16.0% | 10.0% |
| Other income | 1 | 12 | 7 | 13 | 15 | 25 | 18 | 18 |
| Interest | 5 | 5 | 6 | 9 | 13 | 14 | 8 | 9 |
| Depreciation | 29 | 31 | 32 | 33 | 32 | 34 | 30 | 36 |
| Profit before tax | 165 | 159 | 216 | 103 | 123 | 162 | 165 | 83 |
| Tax rate | 31.0% | 27.0% | 20.0% | 15.0% | 18.0% | 24.0% | 25.0% | 27.0% |
| Net profit | 114 | 116 | 174 | 89 | 100 | 123 | 124 | 61 |
| EPS (₹ per share) | 4.71 | 4.82 | 7.20 | 3.69 | 4.16 | 5.09 | 5.13 | 2.51 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 4,052 | 4,226 | 4,293 | 4,420 |
| Expenses | 3,693 | 3,779 | 3,598 | 3,702 |
| Operating profit | 360 | 448 | 695 | 717 |
| Other income | 7 | 7 | 16 | 60 |
| Interest | 28 | 29 | 21 | 42 |
| Depreciation | 100 | 116 | 120 | 131 |
| Profit before tax | 240 | 311 | 568 | 604 |
| Net profit | 142 | 225 | 401 | 486 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 241 | 241 | 241 | 241 | 241 | 241 |
| Reserves | 1,984 | 2,209 | 2,601 | 2,864 | 3,075 | 3,245 |
| Borrowings | 538 | 462 | 378 | 657 | 548 | 592 |
| Other liabilities | 186 | 223 | 328 | 341 | 406 | 414 |
| Total liabilities | 2,949 | 3,136 | 3,548 | 4,103 | 4,270 | 4,493 |
| Fixed assets | 1,623 | 1,894 | 1,807 | 1,986 | 1,856 | 1,800 |
| Capital work in progress | 316 | 122 | 318 | 172 | 349 | 598 |
| Investments | 2 | 52 | 40 | 116 | 25 | 26 |
| Other assets | 1,009 | 1,068 | 1,383 | 1,830 | 2,040 | 2,069 |
| Total assets | 2,949 | 3,136 | 3,548 | 4,103 | 4,270 | 4,493 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 18 | 19 | 12 | 9 | 8 | 15 |
| Inventory days | 66 | 50 | 48 | 48 | 51 | 63 |
| Days payable | 18 | 24 | 7 | 6 | 11 | 20 |
| Cash conversion cycle | 66 | 45 | 53 | 51 | 48 | 58 |
| Working capital days | 11 | 45 | 40 | 49 | 58 | 66 |
| Return on capital employed | 12.0% | 16.0% | 10.0% | 12.0% | 19.0% | 18.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 11.0% | 8.0% | 10.0% |
The businesses behind the company’s reported revenue.
Steel contributes 87.9% of reported segment revenue.
Quarter ended 31 Dec 2023 · Consolidated
₹1,062.66 crore
₹144.67 crore
₹1.16 crore
₹0.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Steel | 1,062.66 | 87.9% |
| Power | 144.67 | 12.0% |
| Un-allocated | 1.16 | <0.1% |
| Real Estate | 0.00 | 0.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Each segment’s share of reported revenue, quarter by quarter.
| Segment | Sep 2023 | Dec 2023 | YoY growth latest quarter |
|---|---|---|---|
| Steel | 88% | 88% | — |
| Power | 12% | 12% | — |
| Un-allocated | <1% | <1% | — |
| Real Estate | 0% | 0% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
To justify its price of ₹542, this stock must grow earnings at 25% every year for 7 years. Our analysis caps realistic growth at ~46%. At that growth it is worth ₹1501 — upside of 177%.
Ownership
Promoters hold 70.98% as of Sept 2026; institutions added 0.02 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Gallantt Ispat Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 60.05% | unchanged | |
| 17.60% | unchanged | |
| 5.81% | unchanged | |
| 3.81% | unchanged | |
| 2.07% | unchanged | |
| 1.28% | −0.95 pp | |
| 1.10% | unchanged | |
| 1.04% | +0.96 pp | |
| 0.19% | unchanged | |
| 0.17% | unchanged | |
| 0.08% | unchanged | |
| 0.08% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 1 added, 4 trimmed, 0 sold out — net −0.01 L shares (−0.9%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹2 Cr | −0.02 L | Mar '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹1 Cr | −0.01 L | Mar '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.02 L | Mar '26 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Mar '26 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | −0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 4 trimmed — net −773 shares (−0.9%)
Shares held by these funds +5%
Mar '26 87,739 shares Sep '26
Your own record
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