GALLANTT
Gallantt Ispat share price & financials
- Price
- ₹713.35
- Market cap
- ₹15.2k Cr
- Sector
- Capital Goods
- Calls analysed
- 2
Gallantt Ispat Limited Q1 FY27
What went well
- Revenue from operations grew to ₹1,146 crores, a 1.6% increase year-on-year.
- EBITDA margin of 18% was broadly in line with the previous quarter's 17.3%, demonstrating resilience despite seasonal softness and input cost inflation.
- Profit after tax (PAT) increased marginally by 0.8% sequentially to ₹124 crores, with PAT margin at 11%.
What to watch
- EBITDA declined by 20.1% YoY to ₹203 crores, and PAT fell by 28.7% YoY to ₹124 crores, primarily due to higher raw material costs and the planned pellet plant shutdown.
- TMT bar sales volumes were broadly flat YoY and down 8% sequentially, impacted by seasonally softer demand and price corrections.
What Gallantt Ispat Limited does
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
- Steel
- Power
- Finished steel capacity
- 1.0 MMTPA across Kutch (Gujarat) and Gorakhpur (UP) plants
- Manufacturing plants
- 2 integrated steel plants — GIDA-Sahjanwa, Gorakhpur (6 lakh MTPA) and Samakhiyali, Kutch (4 lakh MTPA)
- Captive power capacity
- 129 MW (thermal, incl. WHRB) across both units
- Captive pellet capacity
- 7,92,000 MTPA (backward integration)
- Captive iron-ore mines
- Todpura, Rajasthan (~85 MT reserves, 260 hectares) and Sonbhadra, UP (~51 MT reserves, 431 hectares)
- Workforce
- 5,000+ employees
Guidance record · Q1 FY27
what the last two calls moved 11 tracked 0 delivered 0 missed 11 open- Production Capacity revised down said Q4 FY26 Promised: 1.3 million tons Q1 FY27: 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.
- Overall Revenue on track said Q4 FY26 Promised: INR 5,300-5,400 crores Q1 FY27: Capacity expansion from 1M to 1.23M tonnes is on track for commissioning in H2 FY27, which is the prerequisite for this revenue target.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 1.6%, net profit down 28.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 943 | 1,118 | 1,072 | 1,128 | 1,013 +7% | 1,074 −4% | 1,205 +12% | 1,146 +2% |
| EBITDA | 98 | 199 | 183 | 247 | 132 +35% | 154 −23% | 184 +1% | 185 −25% |
| Net profit | 49 | 114 | 116 | 174 | 89 +82% | 100 −12% | 123 +6% | 124 −29% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.1% 1Y
1Y: ₹729.8 on 10 Sept 2025 → ₹546.4. High ₹927.1 (16 Apr 2026), low ₹516.6 (27 Oct 2025).
How the price took the results
close before → close after
- Q1 FY27
- +5.0%
- 28 Jul
- Q4 FY26
- −3.8%
- 6 May
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.
Financials, as filed
Revenue grew 2.9% a year over 3 years, FY23 to FY26. Operating margin widened to 16.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.1k Cr | ₹4.2k Cr | ₹4.3k Cr | ₹4.4k Cr |
| Operating profit | ₹360 Cr | ₹448 Cr | ₹695 Cr | ₹717 Cr |
| Operating margin | 8.9% | 10.6% | 16.2% | 16.2% |
| Interest | ₹28 Cr | ₹29 Cr | ₹21 Cr | ₹42 Cr |
| Depreciation | ₹100 Cr | ₹116 Cr | ₹120 Cr | ₹131 Cr |
| Net profit | ₹142 Cr | ₹225 Cr | ₹401 Cr | ₹486 Cr |
| Net margin | 3.5% | 5.3% | 9.3% | 11.0% |
| ROCE | 10.0% | 12.0% | 19.0% | 18.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹81 Cr | ₹81 Cr | ₹241 Cr | ₹241 Cr | ₹241 Cr | ₹241 Cr |
| Reserves | ₹656 Cr | ₹2.0k Cr | ₹2.0k Cr | ₹2.2k Cr | ₹2.9k Cr | ₹3.1k Cr |
| Borrowings | ₹114 Cr | ₹387 Cr | ₹538 Cr | ₹462 Cr | ₹657 Cr | ₹548 Cr |
| Other liabilities | ₹79 Cr | ₹219 Cr | ₹186 Cr | ₹223 Cr | ₹341 Cr | ₹406 Cr |
| Total liabilities | ₹930 Cr | ₹2.7k Cr | ₹2.9k Cr | ₹3.1k Cr | ₹4.1k Cr | ₹4.3k Cr |
| Fixed assets | ₹463 Cr | ₹1.5k Cr | ₹1.6k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹1.9k Cr |
| Capital work in progress | ₹5 Cr | ₹359 Cr | ₹316 Cr | ₹122 Cr | ₹172 Cr | ₹349 Cr |
| Investments | ₹236 Cr | ₹1 Cr | ₹2 Cr | ₹52 Cr | ₹116 Cr | ₹25 Cr |
| Other assets | ₹226 Cr | ₹876 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.8k Cr | ₹2.0k Cr |
| Total assets | ₹930 Cr | ₹2.7k Cr | ₹2.9k Cr | ₹3.1k Cr | ₹4.1k Cr | ₹4.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −1.15 pp while promoters added +1.10 pp. The shareholder count grew 51% to 29,986.
- Promoters
- 70.0%
- FIIs
- 0.0%
- DIIs
- 0.1%
- Public
- 29.9%
Since Jun 2025
- Public −1.15 pp
- Promoters +1.10 pp
- DIIs +0.08 pp
How it drifted, 12 quarters
Over this window the public fell from 31.1% to 29.9% — −1.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 68.9%, Public 31.1%.Dec '23: Promoters 68.9%, FIIs 0.0%, Public 31.0%.Mar '24: Promoters 68.9%, FIIs 0.0%, Public 31.0%.Jun '24: Promoters 68.9%, FIIs 0.2%, Public 30.9%.Sep '24: Promoters 68.9%, FIIs 0.1%, Public 31.0%.Dec '24: Promoters 68.9%, FIIs 0.1%, Public 31.0%.Mar '25: Promoters 68.9%, FIIs 0.0%, Public 31.0%.Jun '25: Promoters 68.9%, FIIs 0.1%, Public 31.0%.Sep '25: Promoters 68.9%, FIIs 0.2%, DIIs 0.1%, Public 30.8%.Dec '25: Promoters 69.8%, FIIs 0.1%, DIIs 0.1%, Public 29.9%.Mar '26: Promoters 70.0%, FIIs 0.1%, DIIs 0.1%, Public 29.8%.Jun '26: Promoters 70.0%, FIIs 0.0%, DIIs 0.1%, Public 29.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gallantt Ispat Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gallantt Trust | 60.05% | unchanged |
| Nihon Impex Private Limited | 17.60% | unchanged |
| Dinesh Kumar Agarwal | 5.81% | unchanged |
| Shweta Gupta | 3.81% | unchanged |
| Ashwin Gupta | 2.23% | unchanged |
| Cp Agrawal Daughters Trust | 2.07% | unchanged |
| Gallantt Industry Private Limited | 1.10% | unchanged |
| Nitin Kandoi | 0.19% | unchanged |
| Shyama Agrawal | 0.17% | unchanged |
| Pallavi Agrawal | 0.08% | unchanged |
| Uma Agarwal | 0.08% | unchanged |
| Priya Saraff | 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.
Mutual funds in GALLANTT
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.01 L shares (+1.4%).
- Held by funds
- ₹5 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹3 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹3 Cr | +0.01 L | Mar '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹1 Cr | +0.00 L | Mar '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 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 Aug 2026
4 added, 1 trimmed — net +1,186 shares (+1.4%)
- Funds are sitting on
- +27%
- vs est. average cost
- Held by funds
- ₹5 Cr
- 5 schemes · ≈ 0.04% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹3 Cr · 0.1% of that fund
Shares held by these funds +5%
Mar '26 87,326 shares Jul '26
What the price assumes
AttractiveTo justify its price of ₹546, this stock must grow earnings at 23% every year for 7 years. Our analysis caps realistic growth at ~45%. At that growth it is worth ₹1591 — upside of 191%.
- Growth the price implies
- 23.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 45.1% a year
- net profit, FY23–FY26 · EPS 45.5%
- The gap
- -0.2 pp
- 191% downside if it only repeats history
All earnings calls (2)
Read the Q1 FY27 call →Learn to analyse Gallantt Ispat Limited
Guides on how to read this kind of business and the numbers that matter.