Gallantt Ispat Ltd.
Snapshot View

61.00 -2.75 ▼-4.3%

25 May 2022, 04:01:00 PM
Volume: 18,923

Overview View Details

Sector Iron & Steel Compare with Sector peers
Industry Steel & Iron Products Compare with Industry peers
Website http://www.gallantt.com
Market Cap 1,722.40 Cr.
Enterprise Value(EV) 2,053.87 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 4.35 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 14.04 Trailing Twelve Months Ending 2021-12
Industry PE 4.55 Trailing Twelve Months Ending 2021-12
Book Value / Share 42.73 Trailing Twelve Months Ending 2021-12
Price to Book Value 1.43 Calculated using Price: 61.00
Dividend Yield 0.00 Period Ending 2021-03
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
-4.31%
1 Week
-10.43%
1 Month
+11.82%
3 Month
+22.61%
6 Month
+22.24%
1 Year
+20.32%
2 Year
+165.22%
5 Year
+191.87%
10 Year
+1325.23%
7 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 8.27 8.33 10.05 8.57 15.19 5.90 8.89
Return on Capital Employed (%) 10.28 9.47 8.94 9.27 16.05 6.25 10.16
Return on Assets (%) 4.55 4.60 5.88 5.67 11.25 4.61 6.82

Balance Sheet View Details

Particulars 8 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. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 327 372 492 759 955 1,016 1,140 1,187
Non Curr. Liab. 99 115 110 121 117 109 100 99
Curr. Liab. 170 184 202 207 155 170 277 312
Minority Int. 0
Equity & Liab. 596 671 803 1,088 1,227 1,295 1,517 1,598
Non Curr. Assets 313 344 496 648 739 838 947 1,067
Curr. Assets 283 327 307 440 488 456 570 531
Misc. Exp. not W/O
Total Assets 596 671 803 1,088 1,227 1,295 1,517 1,598

Profit Loss View Details

Particulars 8 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. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 563 580 425 575 1,229 1,020 1,097 1,411
Other Income 3 1 0 2 2 36 3 3
Total Income 566 581 425 577 1,231 1,056 1,100 1,414
Total Expenditure -511 -527 -373 -483 -1,041 -956 -940 -1,251
PBIDT 55 54 52 94 190 101 160 162
Interest -10 -8 -4 -9 -10 -12 -12 -13
Depreciation -15 -14 -14 -18 -26 -24 -23 -34
Taxation -3 -3 -1 -13 -36 -7 -30 -27
Exceptional Items 0 0 10 12
PAT 27 29 43 54 130 58 96 88
Minority Interest
Share Associate 19 13 24 34 2 28 34
Other Related Items -1
Consolidated Net Profit 27 48 56 78 164 61 123 123
Adjusted EPS 1 2 2 3 6 2 4 4

Cash Flow View Details

Particulars 7 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. 2021-03 Rs. Cr.
Cash Fr. Operatn. 43 21 191 96 53 140 60
Cash Fr. Inv. -22 -12 -152 -178 -46 -124 -109
Cash Fr. Finan. -18 -11 -39 81 -8 -16 75
Net Change 3 -2 0 -1 0 0 25
Cash & Cash Eqvt 9 8 2 1 1 1 26

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 63.10 63.10 63.09 63.09 63.09 63.09 63.09 63.09 63.09
Public 36.90 36.90 36.91 36.91 36.91 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

Fri, 20 May 2022
Board Meeting Intimation for Consideration And Approval Of Audited Financial Results Of The Company For The Quarter And Year Ended 31St March 2022.
GALLANTT ISPAT LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2022 inter alia to consider and approve 1. Audited Financial Results of the Company for the quarter and year ended 31st March 2022.2. Audited Annual Accounts and notes thereon for the Financial Year ended 31st March 2022.Note:Honble NCLT New Delhi Bench has pronounced the order for approval of the Scheme of Amalgamation of Gallantt Ispat Limited (GIL) AAR Commercial Company Limited (AAR) Hipoline Commerce Private Limited (HIPOLINE) Lexi Exports Private Limited (LEXI) and Richie Credit & Finance Private Limited (RICHIE) with Gallantt Metal Limited (GML) and Slump Sale of power plant undertaking of GIL to GML. If certified copy of the said Order is received by the Company and Form INC-28 is filed with Registrar of Companies before the date of this Board Meeting Company shall not consider and approve financial results of the Company and in place Transferee Company Gallantt Metal Limited shall submit amalgamated financial results to the Stock Exchanges.
Tue, 10 May 2022
Announcement Under Regulation 30 (LODR) - Update On Scheme Of Amalgamation & Slump Sale.
This is to inform you that hearing on the Scheme at Honorable National Company Law Tribunal New Delhi (the NCLT) completed on May 09 2022. The matter has been heard and concluded by the NCLT and order approving the Scheme has been reserved by the NCLT. Final order of the NCLT shall be pronounced shortly. This is for your record and update.
Wed, 04 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
Submission of Annual Secretarial Compliance Report issued by the Practicing Company Secretary & Secretarial Auditor of the Company for the year ended 31st March 2022.

Technical Scans View Details

Wed, 25 May 2022
High Delivery Percentage High Delivery Percentage
Higher Delivery Quantity Higher Delivery Quantity
Higher Delivery Quantity and Percentage Higher Delivery Quantity and Percentage
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity

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