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Gallantt Ispat Limited

ISIN : INE297H01019
NSE : GALLANTT
Face Value : 10
Industry : Steel & Iron Products

EPS : 9.34
EPS (TTM) : 13.18
Price to Earning (P/E) : 40.82
Book Value : 101.57
Price to Bookvalue (P/B) : 3.75
Dividend Yield : 0 %
Return on Equity (ROE) : 9.64 %
Return on Capital Employed (ROCE) : 11.96 %

Gallantt Ispat share price (28-Mar-2025)
National Stock Exchange NSE
Open / Close	358.9 - 381.3 6.2 %
Low / High	356.15 - 401 12.6 %
Trade Volume	3.41 Lk
52 Week Low / High	0 - 0 NAN %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR GALLANTT ISPAT LIMITED

Date End	Dec 2021	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	4551.75	10210.4	9313.08	10062.4	10361.7	9498.67	10626.6	11773.9	11596.9	9425.68
Total Income	4581.05	10218.5	9357.42	10069	10374.7	9519.25	10638.2	11807.6	11608.5	9446.41
Total Expenditure	4227.42	9486.65	8530.01	9206.8	9655.24	8634.28	9561.27	9938.45	9450.78	8449.66
Other Income	29.3	8.16	44.35	6.54	12.92	20.58	11.59	33.66	11.52	20.73
Operating Profit	353.63	731.9	827.41	862.18	719.42	884.97	1076.94	1869.11	2157.69	996.75
Interest	16.48	37.24	73.32	76.61	62.2	65.47	78.84	75.51	64.26	48.17
PBDT	337.15	694.66	754.09	785.57	657.22	819.5	998.1	1793.6	2093.43	948.58
Depreciation	65.37	248.46	249.45	254.03	245.82	275.76	292.83	340.86	300.02	297.71
Profit Before Tax	271.78	446.2	504.64	531.54	411.4	543.74	705.27	1452.74	1793.41	650.87
Tax	102.11	200.79	229.25	322.42	104.33	71.16	185.5	498.8	574.7	161.94
Profit After Tax	169.67	245.41	275.39	209.12	307.07	472.58	519.77	953.94	1218.71	488.93
Net Profit	169.67	245.41	275.39	209.12	307.07	472.58	519.77	953.94	1218.71	488.93
Equity Capital	813.22	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	2.7	1.02	1.14	0.87	1.27	1.96	2.15	3.95	5.05	2.03
Diluted Eps After Extraordinary Items	2.7	1.02	1.14	0.87	1.27	1.96	2.15	3.95	5.05	2.03
Diluted Eps Before Extraordinary Items	2.7	1.02	1.14	0.87	1.27	1.96	2.15	3.95	5.05	2.03

STANDALONE QUARTERLY RESULT FOR GALLANTT ISPAT LIMITED

Date End	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	10210.4	9313.08	10062.4	10759.9	10361.7	9498.67	10626.6	11773.9	11596.9	9425.68
Total Income	10218.5	9357.42	10069	10954.8	10374.7	9519.25	10638.2	11807.6	11608.5	9446.41
Total Expenditure	9486.65	8530.01	9206.79	9702.7	9655.24	8634.28	9561.27	9938.45	9450.78	8449.66
Other Income	8.16	44.35	6.54	194.89	12.92	20.58	11.59	33.66	11.52	20.73
Operating Profit	731.9	827.41	862.19	1252.12	719.42	884.97	1076.94	1869.11	2157.69	996.75
Interest	37.24	73.32	76.61	85.05	62.2	65.47	78.84	75.51	64.26	48.17
PBDT	694.66	754.09	785.58	1167.07	657.22	819.5	998.1	1793.6	2093.43	948.58
Depreciation	248.46	249.45	254.03	250.57	245.82	275.76	292.83	340.86	300.02	297.71
Profit Before Tax	446.2	504.64	531.55	916.5	411.4	543.74	705.27	1452.74	1793.41	650.87
Tax	200.79	229.25	322.43	237.31	104.33	71.16	185.5	498.8	574.7	161.94
Profit After Tax	245.41	275.39	209.12	679.19	307.07	472.58	519.77	953.94	1218.71	488.93
Net Profit	245.41	275.39	209.12	679.19	307.07	472.58	519.77	953.94	1218.71	488.93
Equity Capital	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81	2412.81
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	1.02	1.14	0.87	2.81	1.27	1.96	2.15	3.95	5.05	2.03
Diluted Eps After Extraordinary Items	1.02	1.14	0.87	2.81	1.27	1.96	2.15	3.95	5.05	2.03
Diluted Eps Before Extraordinary Items	1.02	1.14	0.87	2.81	1.27	1.96	2.15	3.95	5.05	2.03

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR GALLANTT ISPAT LIMITED

Date End	Mar 2024
No of months	12 months	months	months
Net Sales	42271.2
Total Income	42339.7
Total Expenditure	37789.2
Other Income	68.51
Operating Profit	4550.48
Interest	282.03
PBDT	4268.45
Depreciation	1155.28
Profit Before Tax	3113.17
Tax	859.79
Profit After Tax	2253.38
Net Profit	2253.38
Equity Capital	2412.81
Face Value (IN RS)	10
Calculated EPS	9.34
Diluted Eps After Extraordinary Items	9.34
Diluted Eps Before Extraordinary Items	9.34

STANDALONE ANNUAL RESULT FOR GALLANTT ISPAT LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	30173.8	40345.8	42271.2
Total Income	30709.8	40599.8	42339.7
Total Expenditure	27211.2	36926.1	37789.2
Other Income	536.08	253.94	68.51
Operating Profit	3498.61	3673.62	4550.48
Interest	204.64	272.24	282.03
PBDT	3293.97	3401.38	4268.45
Depreciation	920.93	1002.5	1155.28
Profit Before Tax	2373.04	2398.88	3113.17
Tax	614.65	989.77	859.79
Profit After Tax	1758.39	1409.11	2253.38
Net Profit	1758.39	1409.11	2253.38
Equity Capital	813.22	2412.81	2412.81
Face Value (IN RS)	10	10	10
Calculated EPS	21.62	5.84	9.34
Diluted Eps After Extraordinary Items	7.29	5.84	9.34
Diluted Eps Before Extraordinary Items	7.29	5.84	9.34

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR GALLANTT ISPAT LIMITED

YEAR	Mar 2021	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	months
Gross Sales	1007.05 Cr	4056.7 Cr	4227.12 Cr	0
Sales	988.74 Cr	4034.58 Cr	4148.3 Cr	0
Net Sales	1007.05 Cr	4056.7 Cr	4227.12 Cr	0
Increase/Decrease in Stock	7.63 Cr	39.76 Cr	-35.72 Cr	0
Raw Material Consumed	749.89 Cr	3285.1 Cr	3373.74 Cr	0
Opening Raw Materials	70.5 Cr	0	291.96 Cr	0
Purchases Raw Materials	747.49 Cr	3564.8 Cr	3207.85 Cr	0
Closing Raw Materials	77.33 Cr	291.96 Cr	261.16 Cr	0
Other Direct Purchases / Brought in cost	9.24 Cr	12.26 Cr	135.09 Cr	0
Power & Fuel Cost	31.13 Cr	52.95 Cr	58.5 Cr	0
Electricity & Power	31.13 Cr	52.95 Cr	58.5 Cr	0
Employee Cost	33.03 Cr	88.18 Cr	108.18 Cr	0
Salaries, Wages & Bonus	30.43 Cr	82.82 Cr	101.03 Cr	0
Contributions to EPF & Pension Funds	1.66 Cr	4.02 Cr	5.75 Cr	0
Workmen and Staff Welfare Expenses	94.83 Lk	1.34 Cr	1.4 Cr	0
Other Manufacturing Expenses	39.84 Cr	164.92 Cr	200.03 Cr	0
Repairs and Maintenance	4.85 Cr	23.02 Cr	23.28 Cr	0
General and Administration Expenses	4.71 Cr	11.72 Cr	19.7 Cr	0
Rent , Rates & Taxes	44.51 Lk	1.82 Cr	3.48 Cr	0
Insurance	80.26 Lk	1.92 Cr	5.46 Cr	0
Selling and Distribution Expenses	28.43 Cr	44.79 Cr	50.21 Cr	0
Sales Commissions & Incentives	85.04 Lk	21.8 Cr	24.02 Cr	0
Freight and Forwarding	27.03 Cr	0	0	0
Miscellaneous Expenses	1.37 Cr	5.2 Cr	4.28 Cr	0
Loss on disposal of fixed assets(net)	7.68 Lk	4.85 Lk	0	0
Loss on foreign exchange fluctuations	0	2.05 Cr	0	0
Total Expenditure	896.03 Cr	3692.62 Cr	3778.92 Cr	0
Other Income	2.31 Cr	3.27 Cr	6.85 Cr	0
Interest Received	47.94 Lk	2.28 Cr	2.55 Cr	0
Profit on sale of Fixed Assets	0	0	13,000	0
Profits on sale of Investments	74,000	0	0	0
Foreign Exchange Gains	75.16 Lk	0	1.79 Cr	0
Operating Profit	113.34 Cr	367.36 Cr	455.05 Cr	0
Interest	9.71 Cr	27.22 Cr	28.2 Cr	0
Bank Charges etc	1.85 Cr	2.51 Cr	2.47 Cr	0
PBDT	103.62 Cr	340.14 Cr	426.84 Cr	0
Depreciation	15.65 Cr	100.25 Cr	115.53 Cr	0
Profit Before Taxation & Exceptional Items	87.98 Cr	239.89 Cr	311.32 Cr	0
Profit Before Tax	87.98 Cr	239.89 Cr	311.32 Cr	0
Provision for Tax	31.19 Cr	98.98 Cr	85.98 Cr	0
Current Income Tax	15.37 Cr	41.91 Cr	54.39 Cr	0
Deferred Tax	7.35 Cr	61.36 Cr	30.42 Cr	0
Profit After Tax	56.79 Cr	140.91 Cr	225.34 Cr	0
Share of Associate	24.62 Cr	0	1.06 Lk	0
Consolidated Net Profit	81.4 Cr	140.91 Cr	225.35 Cr	0
Profit Balance B/F	470.53 Cr	716.24 Cr	857.15 Cr	0
Appropriations	551.93 Cr	857.15 Cr	1082.5 Cr	0
Other Appropriation	0	0	-4.03 Cr	0
Earnings Per Share	10.01	5.84	9.34
Adjusted EPS	10.01	5.84	9.34

STANDALONE PROFIT / LOSS FOR GALLANTT ISPAT LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	1007.05 Cr	3017.38 Cr	4034.58 Cr	4227.12 Cr
Sales	988.74 Cr	2984.72 Cr	3990.46 Cr	4148.3 Cr
Net Sales	1007.05 Cr	3017.38 Cr	4034.58 Cr	4227.12 Cr
Increase/Decrease in Stock	7.63 Cr	-50.83 Cr	39.76 Cr	-35.72 Cr
Raw Material Consumed	749.89 Cr	2463.61 Cr	3285.1 Cr	3373.74 Cr
Opening Raw Materials	70.5 Cr	132.2 Cr	171.88 Cr	291.96 Cr
Purchases Raw Materials	747.49 Cr	2496.71 Cr	3400.54 Cr	3207.85 Cr
Closing Raw Materials	77.33 Cr	171.88 Cr	299.57 Cr	261.16 Cr
Other Direct Purchases / Brought in cost	9.24 Cr	6.57 Cr	12.26 Cr	135.09 Cr
Power & Fuel Cost	31.13 Cr	51.96 Cr	52.95 Cr	58.5 Cr
Electricity & Power	31.13 Cr	51.96 Cr	52.95 Cr	58.5 Cr
Employee Cost	33.03 Cr	72.04 Cr	88.18 Cr	108.18 Cr
Salaries, Wages & Bonus	30.43 Cr	65.97 Cr	82.82 Cr	101.03 Cr
Contributions to EPF & Pension Funds	1.66 Cr	4.61 Cr	4.02 Cr	5.75 Cr
Workmen and Staff Welfare Expenses	94.83 Lk	1.46 Cr	1.34 Cr	1.4 Cr
Other Manufacturing Expenses	39.84 Cr	134.63 Cr	164.92 Cr	200.03 Cr
Repairs and Maintenance	4.85 Cr	13.31 Cr	23.02 Cr	23.28 Cr
General and Administration Expenses	4.71 Cr	18.51 Cr	11.72 Cr	19.7 Cr
Rent , Rates & Taxes	44.51 Lk	1.38 Cr	1.82 Cr	3.48 Cr
Insurance	80.26 Lk	2.12 Cr	1.92 Cr	5.46 Cr
Selling and Distribution Expenses	28.43 Cr	27.74 Cr	44.79 Cr	50.21 Cr
Sales Commissions & Incentives	85.04 Lk	3.05 Cr	21.8 Cr	24.02 Cr
Freight and Forwarding	27.03 Cr	0	0	0
Miscellaneous Expenses	1.37 Cr	3.46 Cr	5.2 Cr	4.28 Cr
Loss on disposal of fixed assets(net)	7.68 Lk	41.27 Lk	4.85 Lk	0
Loss on foreign exchange fluctuations	0	0	2.05 Cr	0
Total Expenditure	896.03 Cr	2721.12 Cr	3692.62 Cr	3778.92 Cr
Other Income	2.31 Cr	53.61 Cr	25.39 Cr	6.85 Cr
Interest Received	47.94 Lk	2.07 Cr	2.28 Cr	2.55 Cr
Profit on sale of Fixed Assets	0	9.87 Cr	0	13,000
Profits on sale of Investments	74,000	0	0	0
Foreign Exchange Gains	75.16 Lk	4.64 Cr	0	1.79 Cr
Operating Profit	113.34 Cr	349.86 Cr	367.36 Cr	455.05 Cr
Interest	9.71 Cr	20.46 Cr	27.22 Cr	28.2 Cr
Bank Charges etc	1.85 Cr	2.95 Cr	2.51 Cr	2.47 Cr
PBDT	103.62 Cr	329.4 Cr	340.14 Cr	426.84 Cr
Depreciation	15.65 Cr	92.09 Cr	100.25 Cr	115.53 Cr
Profit Before Taxation & Exceptional Items	87.98 Cr	237.3 Cr	239.89 Cr	311.32 Cr
Profit Before Tax	87.98 Cr	237.3 Cr	239.89 Cr	311.32 Cr
Provision for Tax	31.19 Cr	61.46 Cr	98.98 Cr	85.98 Cr
Current Income Tax	15.37 Cr	41.46 Cr	37.62 Cr	54.39 Cr
Deferred Tax	7.35 Cr	22.58 Cr	61.36 Cr	30.42 Cr
Profit After Tax	56.79 Cr	175.84 Cr	140.91 Cr	225.34 Cr
Consolidated Net Profit	56.79 Cr	175.84 Cr	140.91 Cr	225.34 Cr
Profit Balance B/F	394.18 Cr	540.47 Cr	716.24 Cr	857.15 Cr
Appropriations	450.96 Cr	716.31 Cr	857.15 Cr	1082.49 Cr
Other Appropriation	0	6.28 Lk	0	-4.03 Cr
Equity Dividend %	0	0	0	10
Earnings Per Share	6.98	21.62	5.84	9.34
Adjusted EPS	6.98	21.62	5.84	9.34

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR GALLANTT ISPAT LIMITED

Year End	Mar 2021	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	months
Profit Before Tax	87.98 Cr	239.89 Cr	311.33 Cr	0
Adjustment	48.36 Cr	122.73 Cr	138.7 Cr	0
Changes In working Capital	-28.96 Cr	-225.41 Cr	-51.25 Cr	0
Cash Flow after changes in Working Capital	107.38 Cr	137.21 Cr	398.78 Cr	0
Cash Flow from Operating Activities	91.73 Cr	95.56 Cr	344.33 Cr	0
Cash Flow from Investing Activities	-74.65 Cr	-225.07 Cr	-248.07 Cr	0
Cash Flow from Financing Activitie	-16.55 Cr	126.48 Cr	-101.57 Cr	0
Net Cash Inflow / Outflow	51.84 Lk	-3.03 Cr	-5.3 Cr	0
Opening Cash & Cash Equivalents	1.28 Cr	8.65 Cr	5.62 Cr	0
Closing Cash & Cash Equivalent	1.8 Cr	5.62 Cr	31.72 Lk	0

STANDALONE CASH FLOW FOR GALLANTT ISPAT LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	87.98 Cr	237.3 Cr	239.89 Cr	311.32 Cr
Adjustment	23.51 Cr	100.56 Cr	122.73 Cr	138.7 Cr
Changes In working Capital	-28.96 Cr	-62.45 Cr	-225.41 Cr	-51.25 Cr
Cash Flow after changes in Working Capital	82.53 Cr	275.42 Cr	137.21 Cr	398.76 Cr
Cash Flow from Operating Activities	66.87 Cr	233.96 Cr	95.56 Cr	344.32 Cr
Cash Flow from Investing Activities	-49.8 Cr	-208.81 Cr	-225.07 Cr	-248.06 Cr
Cash Flow from Financing Activitie	-16.55 Cr	-19.29 Cr	126.48 Cr	-101.57 Cr
Net Cash Inflow / Outflow	51.84 Lk	5.86 Cr	-3.03 Cr	-5.3 Cr
Opening Cash & Cash Equivalents	1.28 Cr	2.79 Cr	8.65 Cr	5.62 Cr
Closing Cash & Cash Equivalent	1.8 Cr	8.65 Cr	5.62 Cr	31.72 Lk

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR GALLANTT ISPAT LIMITED

YEAR	Mar 2021	Mar 2023	Mar 2024
Share Capital	81.32 Cr	241.28 Cr	241.28 Cr	0
Equity - Authorised	83 Cr	241.3 Cr	241.3 Cr	0
Equity - Issued	81.32 Cr	241.28 Cr	241.28 Cr	0
Equity Paid Up	81.32 Cr	241.28 Cr	241.28 Cr	0
Face Value	10	10	10
Total Reserves	655.61 Cr	1983.75 Cr	2209.46 Cr	0
Securities Premium	10.5 Cr	10.5 Cr	10.5 Cr	0
Capital Reserves	92.04 Cr	1111.47 Cr	1111.47 Cr	0
Profit & Loss Account Balance	551.93 Cr	857.15 Cr	1086.53 Cr	0
Reserve excluding Revaluation Reserve	655.61 Cr	1983.75 Cr	2209.46 Cr	0
Shareholder's Funds	736.93 Cr	2225.03 Cr	2450.74 Cr	0
Unsecured Loans	0	99.47 Cr	100.3 Cr	0
Deferred Tax Assets / Liabilities	19.52 Cr	72.56 Cr	104.54 Cr	0
Deferred Tax Assets	22.31 Cr	68.58 Cr	67.42 Cr	0
Deferred Tax Liability	41.83 Cr	141.14 Cr	171.96 Cr	0
Other Long Term Liabilities	0	8.43 Cr	7.44 Cr	0
Long Term Provisions	1.33 Cr	5.52 Cr	6.85 Cr	0
Total Non-Current Liabilities	20.85 Cr	185.99 Cr	219.14 Cr	0
Trade Payables	37.67 Cr	64.3 Cr	57.49 Cr	0
Sundry Creditors	37.67 Cr	64.3 Cr	57.49 Cr	0
Other Current Liabilities	19.7 Cr	35.25 Cr	46.56 Cr	0
Bank Overdraft / Short term credit	0	2.88 Cr	2.57 Cr	0
Advances received from customers	2.21 Cr	12.28 Cr	13.33 Cr	0
Short Term Borrowings	114.06 Cr	438.27 Cr	361.61 Cr	0
Secured ST Loans repayable on Demands	64.06 Cr	430.39 Cr	354.64 Cr	0
Working Capital Loans- Sec	64.06 Cr	430.39 Cr	354.64 Cr	0
Short Term Provisions	83.36 Lk	0	0	0
Total Current Liabilities	172.27 Cr	537.82 Cr	465.67 Cr	0
Total Liabilities	930.05 Cr	2948.84 Cr	3135.54 Cr	0
Gross Block	527.07 Cr	1986.18 Cr	2370.43 Cr	0
Less: Accumulated Depreciation	64.53 Cr	363.43 Cr	476.4 Cr	0
Net Block	462.54 Cr	1622.75 Cr	1894.03 Cr	0
Capital Work in Progress	5.49 Cr	315.6 Cr	121.62 Cr	0
Non Current Investments	236.01 Cr	1.62 Cr	8.89 Cr	0
Long Term Investment	236.01 Cr	1.62 Cr	8.89 Cr	0
Quoted	236.01 Cr	1.62 Cr	1.08 Cr	0
Unquoted	0	0	7.81 Cr	0
Long Term Loans & Advances	15.54 Cr	15.01 Cr	24.15 Cr	0
Total Non-Current Assets	719.58 Cr	1954.99 Cr	2048.7 Cr	0
Currents Investments	0	0	43.14 Cr	0
Quoted	0	0	43.14 Cr	0
Unquoted	0	0	7.81 Cr	0
Inventories	137.16 Cr	432.84 Cr	438.88 Cr	0
Raw Materials	77.33 Cr	291.96 Cr	261.16 Cr	0
Work-in Progress	38 Lk	3.03 Cr	1.88 Cr	0
Finished Goods	34.07 Cr	61.18 Cr	98.04 Cr	0
Stores and Spare	25.37 Cr	69.06 Cr	70.19 Cr	0
Sundry Debtors	50.85 Cr	137.36 Cr	109.09 Cr	0
Debtors more than Six months	0	9.49 Cr	8.21 Cr	0
Debtors Others	50.85 Cr	127.87 Cr	100.88 Cr	0
Cash and Bank	7.27 Cr	11.32 Cr	12.31 Cr	0
Cash in hand	7.03 Lk	17.3 Lk	25.94 Lk	0
Balances at Bank	7.2 Cr	11.15 Cr	12.05 Cr	0
Other Current Assets	78.46 Lk	274.88 Cr	330.72 Cr	0
Interest accrued on Investments	22.7 Lk	4.6 Lk	63.5 Lk	0
Prepaid Expenses	51.66 Lk	2.42 Cr	3.56 Cr	0
Short Term Loans and Advances	14.41 Cr	137.44 Cr	152.7 Cr	0
Advances recoverable in cash or in kind	7.02 Cr	117.02 Cr	129.78 Cr	0
Advance income tax and TDS	0	10.89 Cr	10.94 Cr	0
Total Current Assets	210.47 Cr	993.85 Cr	1086.84 Cr	0
Net Current Assets (Including Current Investments)	38.2 Cr	456.03 Cr	621.18 Cr	0
Total Assets	930.05 Cr	2948.84 Cr	3135.54 Cr	0
Contingent Liabilities	29.65 Cr	119.65 Cr	102.88 Cr	0
Total Debt	114.06 Cr	537.74 Cr	461.91 Cr	0
Book Value	90.62	92.22	101.57
Adjusted Book Value	90.62	92.22	101.57

STANDALONE BALANCE SHEET FOR GALLANTT ISPAT LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	81.32 Cr	81.32 Cr	241.28 Cr	241.28 Cr
Equity - Authorised	83 Cr	83 Cr	241.3 Cr	241.3 Cr
Equity - Issued	81.32 Cr	81.32 Cr	241.28 Cr	241.28 Cr
Equity Paid Up	81.32 Cr	81.32 Cr	241.28 Cr	241.28 Cr
Face Value	10	10	10	10
Total Reserves	462.2 Cr	1841.84 Cr	1983.75 Cr	2209.45 Cr
Securities Premium	10.5 Cr	10.5 Cr	10.5 Cr	10.5 Cr
Capital Reserves	0	1111.47 Cr	1111.47 Cr	1111.47 Cr
Profit & Loss Account Balance	450.96 Cr	716.24 Cr	857.15 Cr	1086.52 Cr
Reserve excluding Revaluation Reserve	462.2 Cr	1841.84 Cr	1983.75 Cr	2209.45 Cr
Shareholder's Funds	543.52 Cr	2083.12 Cr	2225.03 Cr	2450.73 Cr
Unsecured Loans	0	98.89 Cr	99.47 Cr	100.3 Cr
Deferred Tax Assets / Liabilities	19.52 Cr	16.34 Cr	72.56 Cr	104.54 Cr
Deferred Tax Assets	22.31 Cr	63.34 Cr	68.58 Cr	67.81 Cr
Deferred Tax Liability	41.83 Cr	79.68 Cr	141.14 Cr	172.35 Cr
Other Long Term Liabilities	0	9.42 Cr	8.43 Cr	7.44 Cr
Long Term Provisions	1.33 Cr	5.86 Cr	5.52 Cr	6.85 Cr
Total Non-Current Liabilities	20.85 Cr	130.51 Cr	185.99 Cr	219.14 Cr
Trade Payables	37.67 Cr	157.58 Cr	64.3 Cr	57.49 Cr
Sundry Creditors	37.67 Cr	157.58 Cr	64.3 Cr	57.49 Cr
Other Current Liabilities	19.7 Cr	29.88 Cr	35.25 Cr	46.56 Cr
Bank Overdraft / Short term credit	0	8.06 Cr	2.88 Cr	2.57 Cr
Advances received from customers	2.21 Cr	6.47 Cr	12.28 Cr	13.33 Cr
Short Term Borrowings	114.06 Cr	287.66 Cr	438.27 Cr	361.61 Cr
Secured ST Loans repayable on Demands	64.06 Cr	167.5 Cr	430.39 Cr	354.64 Cr
Working Capital Loans- Sec	64.06 Cr	156.56 Cr	430.39 Cr	354.64 Cr
Short Term Provisions	83.36 Lk	21.03 Lk	0	0
Total Current Liabilities	172.27 Cr	475.33 Cr	537.82 Cr	465.67 Cr
Total Liabilities	736.64 Cr	2688.96 Cr	2948.84 Cr	3135.53 Cr
Gross Block	527.07 Cr	1717.03 Cr	1986.18 Cr	2370.43 Cr
Less: Accumulated Depreciation	64.53 Cr	264.72 Cr	363.43 Cr	476.4 Cr
Net Block	462.54 Cr	1452.31 Cr	1622.75 Cr	1894.03 Cr
Capital Work in Progress	5.49 Cr	358.71 Cr	315.6 Cr	121.62 Cr
Non Current Investments	42.6 Cr	1.43 Cr	1.62 Cr	8.88 Cr
Long Term Investment	42.6 Cr	1.43 Cr	1.62 Cr	8.88 Cr
Quoted	42.6 Cr	1.43 Cr	1.62 Cr	1.08 Cr
Unquoted	0	0	0	7.8 Cr
Long Term Loans & Advances	15.54 Cr	16.39 Cr	15.01 Cr	24.15 Cr
Total Non-Current Assets	526.17 Cr	1828.85 Cr	1954.99 Cr	2048.69 Cr
Currents Investments	0	0	0	43.14 Cr
Quoted	0	0	0	43.14 Cr
Unquoted	0	0	0	7.8 Cr
Inventories	137.16 Cr	331.39 Cr	432.84 Cr	438.88 Cr
Raw Materials	77.33 Cr	164.36 Cr	291.96 Cr	261.16 Cr
Work-in Progress	38 Lk	3.5 Cr	3.03 Cr	1.88 Cr
Finished Goods	34.07 Cr	100.47 Cr	61.18 Cr	98.04 Cr
Stores and Spare	25.37 Cr	55.45 Cr	69.06 Cr	70.19 Cr
Sundry Debtors	50.85 Cr	157.03 Cr	137.36 Cr	109.09 Cr
Debtors more than Six months	0	44.11 Cr	9.49 Cr	8.21 Cr
Debtors Others	50.85 Cr	112.92 Cr	127.87 Cr	100.88 Cr
Cash and Bank	7.27 Cr	13.38 Cr	11.32 Cr	12.31 Cr
Cash in hand	7.03 Lk	39.13 Lk	17.3 Lk	25.94 Lk
Balances at Bank	7.2 Cr	12.99 Cr	11.15 Cr	12.05 Cr
Other Current Assets	78.46 Lk	247.68 Cr	274.88 Cr	330.72 Cr
Interest accrued on Investments	22.7 Lk	47.29 Lk	4.6 Lk	63.5 Lk
Prepaid Expenses	51.66 Lk	62.88 Lk	2.42 Cr	3.56 Cr
Short Term Loans and Advances	14.41 Cr	110.63 Cr	137.44 Cr	152.7 Cr
Advances recoverable in cash or in kind	7.02 Cr	87.1 Cr	116.91 Cr	129.78 Cr
Advance income tax and TDS	0	11.54 Cr	10.89 Cr	10.94 Cr
Total Current Assets	210.47 Cr	860.11 Cr	993.85 Cr	1086.84 Cr
Net Current Assets (Including Current Investments)	38.2 Cr	384.78 Cr	456.03 Cr	621.18 Cr
Total Assets	736.64 Cr	2688.96 Cr	2948.84 Cr	3135.53 Cr
Contingent Liabilities	29.65 Cr	33.32 Cr	38.18 Cr	102.88 Cr
Total Debt	114.06 Cr	386.56 Cr	537.74 Cr	461.91 Cr
Book Value	66.84	0	92.22	101.57
Adjusted Book Value	66.84	236.49	92.22	101.57

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR GALLANTT ISPAT LIMITED

YEAR	Mar 2021	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	10.01	5.84	9.34
CEPS(Rs)	8.91	10	14.13
Book NAV/Share(Rs)	90.62	92.22	101.57
Tax Rate(%)	35.46	41.26	27.62
Margin Ratios
Core EBITDA Margin(%)	11.02	8.98	10.6
EBIT Margin(%)	9.7	6.58	8.03
Pre Tax Margin(%)	8.74	5.91	7.36
PAT Margin (%)	5.64	3.47	5.33
Cash Profit Margin (%)	7.19	5.94	8.06
Performance Ratios
ROA(%)	6.45	7.27	7.41
ROE(%)	8.16	9.51	9.64
ROCE(%)	12	14.78	11.96
Asset Turnover(x)	1.14	2.09	1.39
Sales/Fixed Asset(x)	2.59	3.23	1.94
Working Capital/Sales(x)	26.36	8.9	6.81
Efficiency Ratios
Fixed Capital/Sales(x)	0.39	0.31	0.52
Receivable days	13.34	8.47	10.64
Inventory Days	48.82	25.64	37.64
Payable days	15.11	5.6	6.66
Valuation Parameters
PER(x)	4.35	9.62	20.61
PCE(x)	4.89	5.62	13.63
Price/Book(x)	0.48	0.61	1.9
EV/Net Sales(x)	0.46	0.46	1.21
EV/Core EBITDA(x)	4.07	5.12	11.2
EV/EBIT(x)	4.72	7.05	15
EV/CE(x)	0.5	0.68	1.75
M Cap / Sales	0.35	0.33	1.1
Growth Ratio
Net Sales Growth(%)	16.42	302.83	4.2
Core EBITDA Growth(%)	239.16	224.14	23.87
EBIT Growth(%)	407.07	173.43	27.11
PAT Growth(%)	658.94	148.14	59.92
EPS Growth(%)	263.26	-41.66	59.92
Financial Stability Ratios
Total Debt/Equity(x)	0.15	0.24	0.19
Current Ratio(x)	1.22	1.85	2.33
Quick Ratio(x)	0.43	1.05	1.4
Interest Cover(x)	10.06	9.81	12.04
Total Debt/Mcap(x)	0.32	0.4	0.1

FINANCIAL RATIOS (STANDALONE) FOR GALLANTT ISPAT LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	6.98	21.62	5.84	9.34
CEPS(Rs)	8.91	32.95	10	14.13
DPS(Rs)	0	0	0	1
Book NAV/Share(Rs)	66.84	236.49	92.22	101.57
Tax Rate(%)	35.46	25.9	41.26	27.62
Margin Ratios
Core EBITDA Margin(%)	11.02	9.82	8.48	10.6
EBIT Margin(%)	9.7	8.54	6.62	8.03
Pre Tax Margin(%)	8.74	7.86	5.95	7.36
PAT Margin (%)	5.64	5.83	3.49	5.33
Cash Profit Margin (%)	7.19	8.88	5.98	8.06
Performance Ratios
ROA(%)	8.11	6.86	5	7.41
ROE(%)	11.03	9.59	6.79	9.64
ROCE(%)	15.42	10.82	10.21	11.96
Asset Turnover(x)	1.44	1.18	1.43	1.39
Sales/Fixed Asset(x)	2.59	1.86	2.18	1.94
Working Capital/Sales(x)	26.36	7.84	8.85	6.81
Efficiency Ratios
Fixed Capital/Sales(x)	0.39	0.54	0.46	0.52
Receivable days	13.34	17.53	13.32	10.64
Inventory Days	48.82	34.65	34.57	37.64
Payable days	15.11	17.71	12.18	6.66
Valuation Parameters
PER(x)	6.24	2.79	9.62	20.61
PCE(x)	4.89	1.83	5.62	13.63
Price/Book(x)	0.65	0.26	0.61	1.9
Yield(%)	0	0	0	0.52
EV/Net Sales(x)	0.46	0.29	0.47	1.21
EV/Core EBITDA(x)	4.07	2.47	5.12	11.2
EV/EBIT(x)	4.72	3.35	7.05	15
EV/CE(x)	0.63	0.32	0.64	1.75
M Cap / Sales	0.35	0.16	0.34	1.1
Growth Ratio
Net Sales Growth(%)	16.42	43.33	33.71	4.2
Core EBITDA Growth(%)	239.16	25.82	5	23.87
EBIT Growth(%)	407.07	22.42	3.63	27.11
PAT Growth(%)	658.94	18.92	-19.86	59.92
EPS Growth(%)	658.92	18.92	-72.99	59.92
Financial Stability Ratios
Total Debt/Equity(x)	0.21	0.2	0.24	0.19
Current Ratio(x)	1.22	1.81	1.85	2.33
Quick Ratio(x)	0.43	1.13	1.05	1.4
Interest Cover(x)	10.06	12.6	9.81	12.04
Total Debt/Mcap(x)	0.32	0.79	0.4	0.1

SHARE HOLDING PATTERN FOR GALLANTT ISPAT LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	68.72	68.72	68.73	68.75	68.79	68.94	68.94	68.93	68.93	68.93
FII %	0.03	0.01	0.01	0.01	0.01	0.00	0.01	0.02	0.16	0.09
DII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public %	31.25	31.27	31.26	31.23	31.20	31.06	31.05	31.04	30.91	30.98

PEER COMPARISON FOR GALLANTT ISPAT LIMITED

No.	Name
1	Tata Steel Bsl Limited
2	Steel Authority of India Limited
3	JSW Steel Limited
4	Kalyani Steels Limited
5	Maharashtra Seamless Limited
6	Oil Country Tubular Limited
7	Welspun Specialty Solutions Ltd
8	Jindal Saw Limited
9	STEELCO GUJARAT LTD
10	Sunflag Iron And Steel Company Limited
11	Mukand Limited
12	Tata Steel Limited
13	Sarda Energy & Minerals Limited
14	The Tinplate Company of India Limited
15	Prakash Industries Limited
16	Gandhi Special Tubes Limited
17	National Steel And Agro Industries Limited
18	Uttam Galva Steels Limited
19	Pennar Industries Limited
20	Grand Foundry Limited
21	INDIA STEEL WORKS LTD
22	Shah Alloys Limited
23	JSW Ispat Special Products Limited
24	PANCHMAHAL STEEL LTD
25	Mahamaya Steel Industries Limited
26	NOVA IRON & STEEL LTD
27	TULSYAN NEC LTD
28	Usha Martin Limited
29	Sujana Universal Industries Limited
30	EAST COAST STEEL LTD
31	Ratnamani Metals & Tubes Limited
32	Jayaswal Neco Industries Limited
33	MUKAT PIPES LTD
34	Electrotherm (India) Limited
35	PSL LTD
36	Goodluck India Limited
37	Zenith Steel Pipes & Industries Limited
38	Welspun Corp Limited
39	ISMT Limited
40	Jindal Stainless Limited
41	MSP Steel & Power Limited
42	Visa Steel Limited
43	Gallantt Ispat Limited
44	Rohit Ferro-Tech Limited
45	Godawari Power And Ispat limited
46	Kamdhenu Limited
47	Technocraft Industries (India) Limited
48	Ankit Metal & Power Limited
49	Hisar Metal Industries Limited
50	Shankara Building Products Limited

CORPORATE ACTIONS FOR GALLANTT ISPAT

Exchange Date	Purpose	Book Closure Dates
NSE 23-Sep-2024	DIV - RE 1 PER SH	24-Sep-2024 30-Sep-2024
NSE 22-Sep-2023	ANNUAL GENERAL MEETING	25-Sep-2023 30-Sep-2023

CORPORATE ANNOUNCEMENTS FOR GALLANTT ISPAT

INSIDER TRADING FOR GALLANTT ISPAT

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
BSE 30-Jun-2023 30-Jun-2023	Buy Market	337,337 @ 0.00 (0.14 %)	Chandra Prakash Agrawal HUF
BSE 30-Jun-2023 30-Jun-2023	Buy Market	52,131 @ 0.00 (0.02 %)	Chandra Prakash Agrawal HUF
BSE 28-Jun-2023 28-Jun-2023	Buy Market	20,000 @ 0.00 (0.01 %)	Chandra Prakash Agrawal HUF
BSE 28-Jun-2023 28-Jun-2023	Buy Market	55,365 @ 0.00 (0.02 %)	Chandra Prakash Agrawal HUF