GPIL

Godawari Power And Ispat share price & financials

Price
₹244.35
Market cap
₹16.4k Cr
Sector
Capital Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 10 Aug 2026

Godawari Power And Ispat limited Q1 FY27

EBITDA Margin 19.1% PAT Margin 12.7%

What went well

  • Healthy revenue growth and improved sales realization in Q1 FY27.
  • Q1 volume achieving between 16% to 29% of full year guidance.
  • Value-added products showed healthy YoY growth, led by sponge iron, billet, and rolled production.

What to watch

  • Profitability softened sequentially due to higher input costs, driven by increased iron ore sourcing from the market and elevated coal prices.
  • Iron ore mining volume declined primarily due to space constraints for dumping of overburden and delay in tree-cutting permission.
Read the full call →

What Godawari Power And Ispat limited does

Godawari Power & Ispat Limited (GPIL) is an integrated steel and mining company spanning iron ore mining, pellet-making, sponge iron and steel billets through to finished products such as MS rounds, HB wire, galvanized fabricated products and rolled structural products. It owns two captive magnetite iron ore mines (Boria Tibu and Ari Dongri) in Chhattisgarh, giving it backward-integrated raw-material security, and runs captive power generation from solar, waste-heat-recovery, biomass and wind sources. The company also manufactures ferro alloys through its Hira Ferro Alloys and Alok Ferro Alloys units, and holds a stake in Jammu Pigments, a non-ferrous metal recycling associate producing lead, zinc, copper and cadmium. GPIL is diversifying into value-added cold-rolled steel, a new integrated steel plant, and battery energy storage manufacturing beyond its core steel and mining business.

Segments

  • Mining
  • Steel
  • Ferro Alloys
  • Energy
Captive iron ore mining capacity
6.7 million tonnes per annum
Iron ore reserves & mine life
165 million tonnes proven reserves; 35+ years mine life
Iron ore pellet capacity
4.7 million tonnes per annum
Iron ore beneficiation capacity
3.3 million tonnes per annum
Sponge iron capacity
0.65 million tonnes per annum
Steel billets capacity
0.525 million tonnes per annum
Founded 1999Headquarters Raipur, Chhattisgarh, India Company website

Guidance record · Q1 FY27

what the last two calls moved 31 tracked 3 delivered 5 missed 23 open
  • Pellet Plant Capacity Expansion delivered said Q3 FY25 Promised: Commissioning of 4.7 million tons total capacity by Q2 FY26 Q1 FY27: Achievement re-confirmed. One plant was shut down due to high gas prices, but this is an operational issue, not a capacity reduction.
  • Ari Dongri Mining Capacity missed said Q3 FY25 Promised: 6 million tons capacity approval by Q1 FY26 Q1 FY27: Full scale operation is now targeted from FY '28, with ramp-up from Q3 FY27. This confirms the original target for Q1 FY26 was missed.
  • Total Pellet Production FY27 revised down said Q3 FY25 Promised: 4.5 million tons Q1 FY27: Management is evaluating a further cut to the 4.0 million ton guidance due to a plant shutdown caused by high gas prices, making operations unviable.

All 31 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 32.3%, net profit up 2.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,268 1,298 1,468 1,323 1,308 +3%1,139 −12%1,610 +10%1,750 +32%
EBITDA247 221 318 324 260 +5%218 −1%439 +38%334 +3%
Net profit159 145 222 216 162 +2%143 −1%280 +26%222 +3%
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 +0.5% 1Y

₹240₹260₹280₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Nov 2025Q3 FY26 — 9 Feb 2026Q4 FY26 — 20 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹243.14 on 10 Sept 2025 → ₹244.45. High ₹305.85 (20 May 2026), low ₹227.07 (8 Dec 2025).

How the price took the results

close before → close after

Q1 FY27
−1.4%
10 Aug
Q4 FY26
+5.3%
20 May
Q3 FY26
+2.7%
9 Feb
Q2 FY26
−0.2%
17 Nov

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 fell 2.2% a year over 3 years, FY23 to FY26. Operating margin widened to 23.1%.

Year endingFY23FY24FY25FY26
Revenue₹5.8k Cr₹5.5k Cr₹5.4k Cr₹5.4k Cr
Operating profit₹1.2k Cr₹1.3k Cr₹1.2k Cr₹1.2k Cr
Operating margin20.1%24.3%22.2%23.1%
Interest₹46 Cr₹60 Cr₹56 Cr₹58 Cr
Depreciation₹124 Cr₹141 Cr₹154 Cr₹178 Cr
Net profit₹794 Cr₹936 Cr₹813 Cr₹801 Cr
Net margin13.8%17.2%15.1%14.9%
Cash from operations₹962 Cr₹1.0k Cr₹895 Cr₹1.2k Cr
Free cash flow₹513 Cr₹626 Cr₹361 Cr₹76 Cr
ROCE27.0%29.0%23.0%20.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹34 Cr₹66 Cr₹65 Cr₹62 Cr₹61 Cr₹62 Cr
Reserves₹2.0k Cr₹3.2k Cr₹3.8k Cr₹4.4k Cr₹5.2k Cr₹5.7k Cr
Borrowings₹896 Cr₹428 Cr₹317 Cr₹52 Cr₹192 Cr₹443 Cr
Other liabilities₹542 Cr₹1.1k Cr₹937 Cr₹998 Cr₹834 Cr₹1.0k Cr
Total liabilities₹3.5k Cr₹4.9k Cr₹5.2k Cr₹5.5k Cr₹6.3k Cr₹7.3k Cr
Fixed assets₹2.0k Cr₹1.5k Cr₹2.1k Cr₹2.4k Cr₹2.7k Cr₹3.4k Cr
Capital work in progress₹137 Cr₹643 Cr₹443 Cr₹433 Cr₹652 Cr₹470 Cr
Investments₹277 Cr₹239 Cr₹242 Cr₹222 Cr₹397 Cr₹391 Cr
Other assets₹1.0k Cr₹2.5k Cr₹2.4k Cr₹2.5k Cr₹2.5k Cr₹3.0k Cr
Total assets₹3.5k Cr₹4.9k Cr₹5.2k Cr₹5.5k Cr₹6.3k Cr₹7.3k 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, FIIs trimmed −0.51 pp while DIIs added +0.43 pp.

Promoters
63.2%
FIIs
6.0%
DIIs
3.1%
Public
27.7%

Since Jun 2025

  • FIIs −0.51 pp
  • DIIs +0.43 pp
  • Public +0.38 pp

How it drifted, 12 quarters

Over this window the public fell from 30.6% to 27.7% — −2.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 63.3%, FIIs 4.7%, DIIs 1.5%, Public 30.6%.Dec '23: Promoters 63.3%, FIIs 5.4%, DIIs 2.1%, Public 29.2%.Mar '24: Promoters 63.3%, FIIs 5.5%, DIIs 2.1%, Public 29.1%.Jun '24: Promoters 63.3%, FIIs 7.5%, DIIs 2.0%, Public 27.3%.Sep '24: Promoters 63.5%, FIIs 7.4%, DIIs 1.6%, Public 27.5%.Dec '24: Promoters 63.5%, FIIs 7.1%, DIIs 1.9%, Public 27.5%.Mar '25: Promoters 63.5%, FIIs 6.6%, DIIs 2.4%, Government 0.0%, Public 27.5%.Jun '25: Promoters 63.5%, FIIs 6.5%, DIIs 2.7%, Public 27.3%.Sep '25: Promoters 63.5%, FIIs 6.6%, DIIs 2.4%, Public 27.4%.Dec '25: Promoters 63.5%, FIIs 5.9%, DIIs 2.5%, Public 28.1%.Mar '26: Promoters 63.3%, FIIs 5.9%, DIIs 2.6%, Public 28.1%.Jun '26: Promoters 63.2%, FIIs 6.0%, DIIs 3.1%, Public 27.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Godawari Power And Ispat limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vinay Agrawal 5.70%unchanged
Bajrang Lal Agrawal HUF (Karta Bajrang Lal Agrawal) 5.38%unchanged
Hira Infra Tek Limited 5.04%unchanged
Prakhar Agrawal 3.81%unchanged
Dinesh Agrawal 3.61%unchanged
Hira Ferro Alloys Limited 3.53%unchanged
N P Agrawal 3.48%unchanged
Bajranglal Agrawal (Trustee - GPIL Beneficiary Trust) 3.34%unchanged
Siddharth Agrawal 3.32%unchanged
Kumar Agrawal 3.32%unchanged
Abhishek Agrawal 3.30%unchanged
Late Madhu Agrawal 2.96%newly disclosed

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 GPIL

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.07 L shares (+1.1%).

Held by funds
₹16 Cr
5 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹10 Cr · 0.3% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹10 Cr+0.05 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹5 Cr+0.02 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

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 +7,026 shares (+1.1%)

Funds are sitting on
+41%
vs est. average cost
Held by funds
₹16 Cr
5 schemes · ≈ 0.10% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹10 Cr · 0.3% of that fund

Shares held by these funds +213%

Sep '23 6.36 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹244, this stock must grow earnings at 12% every year for 7 years. Our analysis caps realistic growth at ~2%. At that growth it is worth ₹142 — downside of 42%.

Growth the price implies
12.1% a year
for 7 years, fading to 4%
It has actually compounded at
0.3% a year
net profit, FY23–FY26 · EPS 2.0%
The gap
0.1 pp
-42% downside if it only repeats history
Price today ₹244.45 Value at the reference growth ₹141.76

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Godawari Power And Ispat limited

Guides on how to read this kind of business and the numbers that matter.