Gallantt Ispat Ltd.
Snapshot View

62.60 +1.00 ▲1.6%

05 August 2021, 04:00:00 P.M.
Volume: 46,973

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.gallantt.com
Financial Indicators
Market Cap 1,767.58 Cr.
Earnings per share (EPS) 4.37 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 14.32 Trailing Twelve Months Ending 2021-03
Industry PE 15.76 Trailing Twelve Months Ending 2021-03
Book Value / Share 40.38 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.55 Calculated using Price: 62.60
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 28.24 Cr. 282,360,720 Shares
FaceValue 1
Company Profile

Gallantt Ispat was incorporated in February 2005 at Kolkata and is promoted by Chandra Prakash Agrawal, Prem Prakash Agarwal, Nitin M Kandoi, Chandra Prakash Agarwal & Sons HUF and Gallantt Metal.

The company is one of the growing companies in Uttar Pradesh engaged in the manufacturing and marketing of sponge iron, mild steel billets, re-rolled products (TMT bars and mild steel structural) and wheat flour products

The company was incorporated with a view to set up an integrated steel plant and modern roller flour mill at Sector- 23, GIDA, Sahjanwa, Gorakhpur - Uttar Pradesh, to manufacture sponge iron, mild steel billets, re-rolled products (TMT bars), flour. Considering the power requirements of its existing manufacturing facilities, the company also proposes to set up a captive power plant to meet its present requirement of power. The company has already commenced commercial productions for mild steel billets, re-rolled products (TMT bars) in May 2009 and wheat flour products in March 2009. The company also proposes to expand its business into sponge iron production.

The in house consumption of entire sponge iron to manufacture billets, which is further rolled into TMT bars along with installation of captive power plant to utilize the waste heat would improve the profitability of the project thereby making it economically more viable.

At GIL, success is measured in terms of customer satisfaction and quality that is built into every product. The value of commitment to quality is also cherished by each of its 256 staff members. The company has met standards of Bureau of Indian Standards and has received the IS 1786:2008 certification for high strength deformed steel bars for concrete reinforcements (TMT).

Setting up the integrated steel plant and flour mill in Gorakhpur, Uttar Pradesh also provides the company with benefits like Interest free loan equivalent to sales tax amount for a period of 15 years, transport subsidy for 15 years, 20% subsidy of fixed capital investment, 5% additional subsidy of fixed capital investment being first unit under this scheme and exemption of Mandi tax-2% on wheat purchase, among other benefits.

Products of the company

  • Sponge Iron
  • M. S. Billets
  • Re-rolled Products
  • Captive Power Plant
  • Flour Mill

Group companies

  • Gallantt Metal, Kutch - Gujarat
  • Gallantt Udyog, U.P.

Milestones

  • February 11, 2005: Incorporation of the company
  • February 16, 2005: Received certificate of commencement of business
  • September 30, 2007: Issued bonus shares to its members in the ratio of seven equity shares for every three equity shares held
  • October 1, 2007: General investment division of Gallantt Udyog demerged into the company
  • April 1, 2008: Zircon Commercial, DR Advisory Services, Mantra Vanijya, Dynasty Sales, Sridhar Tie-Up, Sanhati Tradlink and Mrinmoyee Sales amalgamated with the  company
  • November 17, 2008: The company entered into a consortium agreement with the State Bank of India, State Bank of Mysore and the State Bank of Patiala for availing an amount of Rs 12,600 lakh
  • March 4, 2009: Start of commercial operations of flour mill with an installed capacity of 1,08,000 MTPA and also Start of commercial operations of steel melt shop with an installed capacity of 1,62,380 MTPA
  • May 11, 2009: Start of commercial operations of rolling mill with an installed capacity of 1,67,400 MTPA
  • October 15, 2009: Received quality certification, IS 1786:2008 from the Bureau of Indian Standards for high strength deformed steel bars and wires for concrete reinforcement (TMT)

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.62%
1 Week
-5.79%
1 Month
+12.59%
3 Month
+37.13%
6 Month
+63.23%
1 Year
+134.02%
2 Year
+120.04%
5 Year
+4.44%
6 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 8.27 8.33 10.05 8.57 15.19 5.90
Return on Capital Employed (%) 10.28 9.47 8.94 9.27 16.05 6.25
Return on Assets (%) 4.55 4.60 5.88 5.67 11.25 4.61

Balance Sheet View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 327 372 492 759 955 1,016
Non Curr. Liab. 99 115 110 121 117 109
Curr. Liab. 170 184 202 207 155 170
Minority Int. 0
Equity & Liab. 596 671 803 1,088 1,227 1,295
Non Curr. Assets 313 344 496 648 739 838
Curr. Assets 283 327 307 440 488 456
Misc. Exp. not W/O
Total Assets 596 671 803 1,088 1,227 1,295

Profit Loss View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 563 580 425 575 1,229 1,020
Other Income 3 1 0 2 2 36
Total Income 566 581 425 577 1,231 1,056
Total Expenditure -511 -527 -373 -483 -1,041 -956
PBIDT 55 54 52 94 190 101
Interest -10 -8 -4 -9 -10 -12
Depreciation -15 -14 -14 -18 -26 -24
Taxation -3 -3 -1 -13 -36 -7
Exceptional Items 0 0 10 12
PAT 27 29 43 54 130 58

Cash Flow View Details

Particulars 6 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 43 21 191 96 53 140
Cash Fr. Inv. -22 -12 -152 -178 -46 -124
Cash Fr. Finan. -18 -11 -39 81 -8 -16
Net Change 3 -2 0 -1 0 0
Cash & Cash Eqvt 9 8 2 1 1 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 63.09 63.09 63.09 63.10 63.10 63.09 63.09 63.09 63.09
Public 36.91 36.91 36.91 36.90 36.90 36.91 36.91 36.91 36.91
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 31 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of newspaper cuttings publishing notice of board meeting of the Company.
Fri, 30 Jul 2021
Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter 30.06.2021
GALLANTT ISPAT LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2021 inter alia to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June 2021.
Mon, 26 Jul 2021
Disclosure Of Related Party Transaction For The Half Year 31St March 2021
Disclosure on Related Party Transactions of the Company on consolidated basis for the Half Year ended March 31 2021.

Technical Scans View Details

Wed, 04 Aug 2021
Close Within 52 Week High Zone Close Within 52 Week High Zone
CCI Overbought Zone CCI Overbought Zone
MFI Above 80 MFI Above 80
Tue, 03 Aug 2021
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
Closing Below Previous Low Closing Below Previous Low

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