Announcement • May 02
Godawari Power & Ispat Limited to Report Q4, 2026 Results on May 15, 2026 Godawari Power & Ispat Limited announced that they will report Q4, 2026 results on May 15, 2026 Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: ₹2.33 (vs ₹2.36 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.33 (down from ₹2.36 in 3Q 2025). Revenue: ₹11.7b (down 10% from 3Q 2025). Net income: ₹1.43b (down 1.1% from 3Q 2025). Profit margin: 12% (up from 11% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • Jan 22
Godawari Power & Ispat Limited to Report Q3, 2026 Results on Feb 06, 2026 Godawari Power & Ispat Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹2.63 (vs ₹2.60 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.63 (up from ₹2.60 in 2Q 2025). Revenue: ₹13.3b (up 4.7% from 2Q 2025). Net income: ₹1.61b (up 1.5% from 2Q 2025). Profit margin: 12% (in line with 2Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Announcement • Oct 24
Godawari Power & Ispat Limited to Report Q2, 2026 Results on Nov 14, 2025 Godawari Power & Ispat Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 19
Godawari Power & Ispat Limited announced that it expects to receive INR 1.250003475 billion in funding from Shree Nakoda Pipe Impex Private Limited, MERIDIEN REALTECH PRIVATE LIMITED and other investors Godawari Power & Ispat Limited announced a private placement to issue up to 2,04,08,220 convertible warrants at a price of INR 61.25 per warrant for gross proceeds of INR 1,250,003,475 on September 18, 2025. The warrants will be convertible into one common share of the company at INR 183.75 per share and will mature in 18 months from the date of the allotment. The securities will be issued on preferential basis. The transaction has been approved by the board of directors of the company. The transaction included participation from new investors Sarita Devi Agrawal, Dinesh Agrawal, Kumar Agrawal, Hanuman Prasad Agrawal, Sanjay Gupta, Shree Nakoda Pipe lmpex Private Limited , Meridien Realtech Private Limited. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹238, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 304% over the past three years. Price Target Changed • Aug 07
Price target decreased by 11% to ₹210 Down from ₹235, the current price target is provided by 1 analyst. New target price is 10.0% above last closing price of ₹191. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₹14.60 for next year compared to ₹13.24 last year. Announcement • Aug 06
Godawari Power & Ispat Limited, Annual General Meeting, Sep 20, 2025 Godawari Power & Ispat Limited, Annual General Meeting, Sep 20, 2025. Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: ₹3.52 (vs ₹4.58 in 1Q 2025) First quarter 2026 results: EPS: ₹3.52 (down from ₹4.58 in 1Q 2025). Revenue: ₹13.5b (flat on 1Q 2025). Net income: ₹2.16b (down 25% from 1Q 2025). Profit margin: 16% (down from 21% in 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Announcement • Jul 21
Godawari Power & Ispat Limited to Report Q1, 2026 Results on Aug 05, 2025 Godawari Power & Ispat Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 26
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹13.24 (down from ₹15.00 in FY 2024). Revenue: ₹53.8b (down 1.5% from FY 2024). Net income: ₹8.12b (down 13% from FY 2024). Profit margin: 15% (down from 17% in FY 2024). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Declared Dividend • May 22
Dividend of ₹1.00 announced Shareholders will receive a dividend of ₹1.00. Ex-date: 14th August 2025 Payment date: 1st January 1970 Dividend yield will be 0.5%, which is lower than the industry average of 6.1%. Sustainability & Growth The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 20
Godawari Power & Ispat Limited Recommends Dividend for the Fiscal Year 2024-25 Godawari Power & Ispat Limited in its Board of Directors Meeting held on May 20, 2025 recommended the payment of final dividend of INR 1/- per share (i.e. 100%) on equity share of INR I/-each for the Fiscal Year 2024-25 on the entire paid up equity share capital of the Company. The final dividend recommended by the Board of Directors of the Company will be subject to the approval by the shareholders at the ensuing Annual General Meeting of the Company. Record date: August 16, 2025. Payment of such dividend, subject to deduction of tax at source, will be made within 30 days from the date of declaration/AGM. Announcement • Mar 28
Godawari Power & Ispat Limited announced that it expects to receive INR 772.891 million in funding from Jammu Pigments Limited Godawari Power & Ispat Limited announces private placement to Mr. Ramesh Kumar Agarwal, Promoter & Managing Director of JPL of 26,93,000 Convertible preferred shares at a price of INR 287 per share for gross proceeds of INR 799,821,000 on March 26, 2025. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹180, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 146% over the past three years. Buy Or Sell Opportunity • Mar 05
Now 23% overvalued Over the last 90 days, the stock has fallen 20% to ₹164. The fair value is estimated to be ₹133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: ₹2.36 (vs ₹3.68 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.36 (down from ₹3.68 in 3Q 2024). Revenue: ₹13.2b (flat on 3Q 2024). Net income: ₹1.45b (down 37% from 3Q 2024). Profit margin: 11% (down from 18% in 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 29
Now 21% overvalued Over the last 90 days, the stock has fallen 9.2% to ₹177. The fair value is estimated to be ₹146, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 100% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹222, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Metals and Mining industry in India. Total returns to shareholders of 327% over the past three years. Price Target Changed • Oct 29
Price target increased by 8.0% to ₹270 Up from ₹250, the current price target is provided by 1 analyst. New target price is 56% above last closing price of ₹173. Stock is up 41% over the past year. The company is forecast to post earnings per share of ₹17.70 for next year compared to ₹15.00 last year. Reported Earnings • Oct 27
Second quarter 2025 earnings released: EPS: ₹12.98 (vs ₹4.12 in 2Q 2024) Second quarter 2025 results: EPS: ₹12.98. Revenue: ₹12.9b (flat on 2Q 2024). Net income: ₹1.59b (down 38% from 2Q 2024). Profit margin: 12% (down from 20% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹967, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 206% over the past three years. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Non-Executive Independent Director M. Duggal was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 08
Godawari Power & Ispat Limited Approves Special Dividend, Payable on or After 28 August, 2024 The Board of Directors of Godawari Power and Ispat Limited at its Meeting held on August 07, 2024, has considered and approved the proposal for payment of an Special Dividend of INR 1.25/-(i.e. 25%) per equity share of INR 5/-each on the entire paid up share capital of the Company comprising of 13,37,94,988 equity shares of the nominal value of INR 5/-each on the occasion of 25th Anniversary of the Company. The record date for the purpose of payment of Dividend is 17th August 2024 and the payment will be made on or after 28th August, 2024. Reported Earnings • Aug 02
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹75.01 (up from ₹61.16 in FY 2023). Revenue: ₹54.6b (down 5.2% from FY 2023). Net income: ₹9.36b (up 18% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Declared Dividend • Jul 31
Dividend increased to ₹5.00 Dividend of ₹5.00 is 25% higher than last year. Ex-date: 16th August 2024 Payment date: 1st January 1970 Dividend yield will be 0.4%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 29
Godawari Power & Ispat Limited to Report Q1, 2025 Results on Aug 07, 2024 Godawari Power & Ispat Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Announcement • Jul 11
Godawari Power & Ispat Limited Announces Board Appointments Godawari Power & Ispat Limited announced the appointment of Mrs. Neha Sunil Huddar as Non-Executive Independent Women Director of the Company for a term of 5 (five) consecutive years with effect from 9th August, 2024. Mrs. Neha Sunil Huddar is qualified to be appointed as Non- Executive Independent Women Director in terms of Seetion 164 of the Companies Act, 2013 (`the Act") and has given her consent to act as Non- Executive Independent Women Director. The Company has also received declaration from Mrs. Neha Sunil Huddar confirming that she meets the criteria of independence as prescribed both under Section 149 (6) of the Act and under the Securities and Exchange Board of India uisting Obligations and Disclosure Requirements) Regulations, 2015 and that she is not debarred from holding the office of director by virtue of any order from Securities and Exchange Board of India or any such authority. Mrs. Neha Sunil Huddar is independent of the management and possesses appropriate skills, experience, knowledge and capabilities required for the role of Independent Women Director. The Board was satisfied that the appointment of hfrs. Neha Sunil Huddar is justified as she has over 40 years of experience in finance & accounts and HR and Compliances management. In view of this, appointment of Mrs. Neha Sunil Huddar as Non- Executive Independent Women Director is in the interest of the Company. Also appointment of Mr. Hukam Chand Daga, as Non-Executive Independent Director of the Company. The Board of Directors at its meeting held on 21st May, 2024 considered and recommended to the shareholders the appointment of Mr. Hukam Chand Daga as Non-Executive Independent Director of the Company for a term of 5 (five) consecutive years with effect from 9th August, 2024. M. Hukam Chand Daga would attain the age of 75 (seventy-five) years on 29th November, 2025 during his proposed tenure. Considering his background and enriched experience, Nomination and Remuneration Committee also recommended the continuation of M. Hukam Chand Daga as an Independent Director, on attaining the age of 75 years. M. Hukam Chand Daga is independent of the management and possesses appropriate skills, experience, knowledge and capabilities required for the role of Independent Director. Presently, he is serving on the Board of H G I Industries Limited as CEO of the Company. The Board was satisfied that the appointment of Mr. Hukam Chand Daga is justified as he is having more than 4 decades of professional experience in various Industrial Operations - Mining, Power, Textile, Coal, Financial Management etc. In view of these, appointment of Mr. Hukam Chand Daga as Non-Executive Independent Director is in the interest of the Company. Announcement • Jun 18
Godawari Power & Ispat Limited (NSEI:GPIL) announces an Equity Buyback for 2,150,000 shares, representing 1.64% for INR 3,010 million. Godawari Power & Ispat Limited (NSEI:GPIL) announces a share repurchase program. Under the program, the company will repurchase up to 2,150,000 shares, representing 1.64% of its issued share capital, for INR 3,010 million. The shares will be repurchased at price of INR 1,400 per share. The record for the offer is June 28, 2024. As of June 7, 2024, the company had 135,944,988 shares outstanding and 45,00,000 shares in treasury. Announcement • May 25
Godawari Power & Ispat Limited Recommends Final Dividend for the Fiscal Year 2024 Godawari Power & Ispat Limited announced that at its board meeting held on May 24, 2024, the Board of Directors has recommended the payment of Final dividend of INR 5 per share (that is 100%) on equity share of INR 5 each for the Fiscal Year 2024 on the entire paid up equity share capital of the Company, that is 135,944,988 equity shares of nominal value of INR 5 each. The Dividend recommended by the Board of Directors of the Company is subject to the approval by the shareholders at the ensuing Annual General Meeting of the Company. The record date for the purpose of ascertaining the entitlement of members for the final dividend for the Fiscal Year 2024 will be announced in due course of time. If the final dividend, as recommended by the Board of Directors, is approved and declared in the upcoming Annual General Meeting, the payment of such dividend, subject to deduction of tax at source, will be made within 30 days from the date of declaration. Price Target Changed • May 23
Price target increased by 18% to ₹1,250 Up from ₹1,060, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₹948. Stock is up 162% over the past year. The company is forecast to post earnings per share of ₹96.00 for next year compared to ₹75.09 last year. Reported Earnings • May 22
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹75.09 (up from ₹61.16 in FY 2023). Revenue: ₹55.5b (down 3.5% from FY 2023). Net income: ₹9.37b (up 18% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Announcement • May 06
Godawari Power & Ispat Limited Announces Directorate Appointments Godawari Power & Ispat Limited announced that the Shareholders in their Extra-Ordinary General meeting held on 4th May, 2024 has approved the appointment of M. Sunil Duggal as Non-Executive Independent Director and Mrs. Roma Ashok Balwani as Non-Executive Independent Women Director of the Company for a period of 5 (five) consecutive years with effect from 04th May, 2024. Mr. Sunil Duggal, ben and brought up in Amritsar, is an Electrical Engineer from Thapar Institute of Engineering & Technology, Patiala. He is an Alumnus of IMD, Lausanne Switzerland and IIM Calcutta. He was associated with International Zinc Association as Vice Chairman and Former President of Indian Lead Zinc Development Association. He is the Chairman of National committee of Mining - Confederation of Indian Industry (CII), Former President of Federation of Indian Mineral Industries ¢IMI), Former Co-Chair -FICCI Non-Ferrous Metals Committee-2018 and Former Chairman - Skill Council for Mining Sector, India. Mr. Sunil Duggal was also associated with Vedanta Limited as CE0 and Whole-time Director of the Company from April 2020 to July 2023. He was also the CEO & Whole-Time Director of Hindustan Zinc Limited (IIZL) from March 2015 to April, 2020. He is having over 37 years of experience in leading high-performance teams and more than 20 years in leadership positions. He is known for his ability to navigate through tough and challenging times, nurture and grow business, evaluate opportunities and risks, and successfully drive efficiency and productivity whilst reducing costs and inefficiencies and delivering innovative solutions to challenges. He was awarded as CEO of the Year, 2018, ABP News, CEO of the Year at "Business leader of the Year", Fun & Joy at Work-ET Now, 2019 and WE Global Employees Choice Award -Best CEO 2022. Mrs. Roma Ashok Balwani a Graduate in Economics, with a Post graduation in Marketing from Mumbai University, is currently associated with John Cockerill India Limited as Independent Director for almost a decade and she is also Chairperson of Nomination and Remuneration Committee and CSR committee of John Cockerill India Limited. Previously she was Sr. Advisor, at Vedanta Group. Her role in Vedanta group was sustainable development, brand management, stakeholder engagement and group communication to promote Vedanta's position as a purpose driven organization. In this enabling role, she aligned the group's communication strategy and sustainable development strategy in a socially responsible, ethical and environmentally friendly manner that positively impacts and improves the quality of life of the communities. She is also a member of Team Lease Edtech Advisory Board, which specialises in providing Enterprise Learning Solutions to corporate clients and apprenticeship programme to make Indian youth employable.She has over four decades of experience in manufacturing companies such as L&T, Mahindra Group & Vedanta Group in various aspects of strategic business in her previous roles as President, Group Communication, CSR and Sustainable Development at Vedanta Resources plc. She has been the member of the Group Executive Committee which comprises the leadership team at Vedanta. She is actively associated with disability cricket as the pro bone CEO & Brand Custodian, IDCA and promotes deaf cricket as an enabler to instil a sense of pride and purpose for the hearing-impaired youth with sporting talent. She is the recipient of the Exchange4Media Maestro Award for PR & Communications 2023 and Adgully, Exchange4Mediaa & PRCI, Lifetime Achievement awards for 2022, 2020 & 2018. She has been inducted into the Communications Hall of Fame at Praxis 2023. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹18.38 (vs ₹9.88 in 3Q 2023) Third quarter 2024 results: EPS: ₹18.38 (up from ₹9.88 in 3Q 2023). Revenue: ₹13.2b (down 9.5% from 3Q 2023). Net income: ₹2.29b (up 79% from 3Q 2023). Profit margin: 17% (up from 8.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
Godawari Power & Ispat Limited to Report Q3, 2024 Results on Feb 06, 2024 Godawari Power & Ispat Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: ₹20.60 (vs ₹12.99 in 2Q 2023) Second quarter 2024 results: EPS: ₹20.60 (up from ₹12.99 in 2Q 2023). Revenue: ₹13.1b (flat on 2Q 2023). Net income: ₹2.57b (up 52% from 2Q 2023). Profit margin: 20% (up from 13% in 2Q 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 17
Godawari Power & Ispat Limited Declares Final Dividend for the Year 2022-23 Godawari Power & Ispat Limited at its AGM held on September 16, 2023, declared final dividend of INR 4.00 per equity share of Face Value of INR 5.00 each fully paid for the year 2022-23. Upcoming Dividend • Aug 11
Upcoming dividend of ₹4.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 18 August 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (7.3%). Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: ₹18.51 (vs ₹25.21 in 1Q 2023) First quarter 2024 results: EPS: ₹18.51 (down from ₹25.21 in 1Q 2023). Revenue: ₹13.4b (down 19% from 1Q 2023). Net income: ₹2.31b (down 29% from 1Q 2023). Profit margin: 17% (down from 20% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Godawari Power & Ispat Limited to Report Q1, 2024 Results on Jul 27, 2023 Godawari Power & Ispat Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹427, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 1,011% over the past three years. Reported Earnings • May 20
Full year 2023 earnings released: EPS: ₹61.16 (vs ₹113 in FY 2022) Full year 2023 results: EPS: ₹61.16 (down from ₹113 in FY 2022). Revenue: ₹58.6b (up 8.5% from FY 2022). Net income: ₹7.93b (down 46% from FY 2022). Profit margin: 14% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 145% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Godawari Power & Ispat Limited to Report Q4, 2023 Final Results on May 20, 2023 Godawari Power & Ispat Limited announced that they will report Q4, 2023 final results on May 20, 2023 Board Change • May 11
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Raj Bindal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 12
Godawari Power & Ispat Limited Announces Shutdown of Sponge Iron Plant, Etc. At Siltara, Raipur, Chhattisgarh Godawari Power & Ispat Limited informed that since the Company's Sponge Iron Plant reached capacity utilization level of 98.5% till date and the it is required to keep the overall production volumes within the environmental approval limit and therefore the Company required to shut down the Sponge Iron Plant with effect from 13th Feb, 2023. Consequent upon shut down of Sponge Iron Plant, the waste head recovery power plant, steel billets rolling mill and wire drawing plants are also required to be shut down, as the facilities are dependent for input from sponge iron division. In view of the above, the management has strategically decided to take this opportunity to shut down all the power plants (i.e. 42 MW Waste Heat Recovery Plant and 20 MW Captive Bio Mass Power & llMW Thermal Power Plants)Steel Melting Shop (SMS Plant), Rolling Mill at Siltara, Raipur, Chhattisgarh and undertake routine annual maintenance and periodical inspections with effect from 11 February, 2023. The shutdown is expected to be for a period of 4 to 5 weeks and the resumption of operations are expected to be resumed in the last week of March, 2023. During this shut down period, the company shall also make all necessary modifications in the Power Plant to replace the existing turbines with the proposed new efficient turbine. However, the Pellet Plant and Ferro Alloys Division shall continue to be operational duringthis period. Announcement • Jan 24
Godawari Power & Ispat Limited to Report Q3, 2023 Results on Feb 11, 2023 Godawari Power & Ispat Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹316, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 502% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Raj Bindal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 16
Godawari Power & Ispat Limited to Report Q2, 2023 Results on Nov 10, 2022 Godawari Power & Ispat Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 10, 2022 Announcement • Sep 17
Godawari Power & Ispat Limited Approves Final Dividend and Interim Dividend for the Financial Year 2021-22 Godawari Power & Ispat Limited at its AGM held on 16 September 2022 approved final dividend of INR 8.50 per equity shares for the financial year 2021-22 in addition to the Interim dividend of INR 5.00 per equity shares. Recent Insider Transactions • Sep 17
Board Member recently sold ₹1.3m worth of stock On the 13th of September, Bhavana Desai sold around 4k shares on-market at roughly ₹303 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹9.2m. Insiders have been net sellers, collectively disposing of ₹25m more than they bought in the last 12 months. Recent Insider Transactions • Sep 08
Board Member recently sold ₹9.2m worth of stock On the 2nd of September, Bhavana Desai sold around 32k shares on-market at roughly ₹292 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹47m more than they bought in the last 12 months. Upcoming Dividend • Aug 18
Upcoming dividend of ₹8.50 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 16 October 2022. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (6.5%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: ₹25.21 (vs ₹30.31 in 1Q 2022) First quarter 2023 results: EPS: ₹25.21 (down from ₹30.31 in 1Q 2022). Revenue: ₹16.8b (up 49% from 1Q 2022). Net income: ₹3.27b (down 23% from 1Q 2022). Profit margin: 19% (down from 38% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 17
Godawari Power & Ispat Limited to Report Q1, 2023 Results on Jul 29, 2022 Godawari Power & Ispat Limited announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • Jun 29
Godawari Power & Ispat Limited (BSE:532734) acquired 78.96% stake in Alok Ferro Alloys Ltd. Godawari Power & Ispat Limited (BSE:532734) acquired 78.96% stake in Alok Ferro Alloys Ltd on June 28, 2022. Godawari Power & Ispat Limited has acquired 37,79,220 equity shares of Alok
Ferro Alloys Limited (AFAL) at a fair value comprising of 78.96% of the paid-up capital of AFAL. The shares have been acquired at Fair Market Value i.e. INR 336 per share.
Godawari Power & Ispat Limited (BSE:532734) completed the acquisition of 78.96% stake in Alok Ferro Alloys Ltd on June 28, 2022. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to ₹264, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 407% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹111 (vs ₹45.29 in FY 2021) Full year 2022 results: EPS: ₹111 (up from ₹45.29 in FY 2021). Revenue: ₹54.3b (up 33% from FY 2021). Net income: ₹14.8b (up 132% from FY 2021). Profit margin: 27% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹286, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 359% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹351, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 634% over the past three years. Price Target Changed • Apr 27
Price target increased to ₹551 Up from ₹41.33, the current price target is provided by 1 analyst. New target price is 29% above last closing price of ₹427. Stock is up 98% over the past year. The company posted earnings per share of ₹45.29 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non Executive Woman Director Bhavna Desai was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 18% share price gain to ₹478, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 718% over the past three years. Announcement • Apr 10
Godawari Power & Ispat Limited Announces Board Changes Godawari Power & Ispat Limited announced that at its board meeting held on 9 April 2022, the designation of Mr. Vinod Pillai has been changed from executive director to non-executive director with retrospective effect from 1 April 2022, Mr. Prakhar Agrawal, whole-time director of the company has submitted his resignation to discontinue from the post of whole-time directorship. In view of change in designation of Mr. Dinesh Kumar Gandhi from non-executive director to executive director, Ms. Bhavna Govindbhai Desai, independent director of the company has been inducted as member in place of Mr. Dinesh Kumar Gandhi in nomination and remuneration committee. Recent Insider Transactions • Mar 28
Board Member recently sold ₹6.4m worth of stock On the 22nd of March, Bhavna Desai sold around 16k shares on-market at roughly ₹400 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹90m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 28% share price gain to ₹364, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 421% over the past three years. Recent Insider Transactions • Feb 20
Board Member recently sold ₹1.1m worth of stock On the 16th of February, Bhavna Desai sold around 3k shares on-market at roughly ₹313 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹111m more than they bought in the last 12 months. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: ₹16.1b (up 43% from 3Q 2021). Net income: ₹3.29b (up 104% from 3Q 2021). Profit margin: 20% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 20% share price gain to ₹330, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 552% over the past three years. Recent Insider Transactions • Nov 10
Board Member recently sold ₹3.1m worth of stock On the 4th of November, Bhavna Desai sold around 9k shares on-market at roughly ₹346 per share. In the last 3 months, they made an even bigger sale worth ₹25m. Insiders have been net sellers, collectively disposing of ₹110m more than they bought in the last 12 months. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹21.05 (vs ₹7.39 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹12.7b (up 32% from 2Q 2021). Net income: ₹2.97b (up 185% from 2Q 2021). Profit margin: 23% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 03
Board Member recently sold ₹2.0m worth of stock On the 29th of September, Bhavna Desai sold around 2k shares on-market at roughly ₹1,177 per share. In the last 3 months, they made an even bigger sale worth ₹25m. Insiders have been net sellers, collectively disposing of ₹107m more than they bought in the last 12 months. Recent Insider Transactions • Sep 22
Board Member recently sold ₹25m worth of stock On the 17th of September, Bhavna Desai sold around 19k shares on-market at roughly ₹1,310 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹105m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,270, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 12x in the Metals and Mining industry in India. Total returns to shareholders of 147% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹1,081, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 105% over the past three years. Recent Insider Transactions • Aug 14
Non-Executive Director recently sold ₹16m worth of stock On the 11th of August, Dinesh Gandhi sold around 12k shares on-market at roughly ₹1,316 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹60m more than they bought in the last 12 months. Recent Insider Transactions • Aug 03
Company Secretary & Compliance Officer recently bought ₹432k worth of stock On the 30th of July, Yarra Rao bought around 250 shares on-market at roughly ₹1,728 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹31m more in shares than they bought in the last 12 months. Reported Earnings • Jul 28
First quarter 2022 earnings released: EPS ₹123 (vs ₹13.19 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹11.3b (up 59% from 1Q 2021). Net income: ₹4.27b (up ₹3.81b from 1Q 2021). Profit margin: 38% (up from 6.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 27
Upcoming dividend of ₹13.50 per share Eligible shareholders must have bought the stock before 03 August 2021. Payment date: 27 September 2021. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 17% share price gain to ₹1,659, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 285% over the past three years. Recent Insider Transactions • Jul 03
Independent Director recently sold ₹1.4m worth of stock On the 30th of June, Harishankar Khandelwal sold around 1k shares on-market at roughly ₹1,282 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹32m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 30% share price gain to ₹1,257, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 180% over the past three years. Recent Insider Transactions • Jun 05
Insider recently sold ₹1.0m worth of stock On the 28th of May, Govind Jaju sold around 1k shares on-market at roughly ₹999 per share. In the last 3 months, there was an even bigger sale from another insider worth ₹9.5m. Insiders have been net sellers, collectively disposing of ₹30m more than they bought in the last 12 months. Reported Earnings • May 28
Full year 2021 earnings released: EPS ₹181 (vs ₹47.33 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹40.8b (up 24% from FY 2020). Net income: ₹6.38b (up 283% from FY 2020). Profit margin: 16% (up from 5.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 26
Godawari Power & Ispat Limited Recommends the Payment of Final Dividend for the Year 2020-21 The Board of Directors of Godawari Power & Ispat Limited has recommended the payment of Final Dividend of INR 13.50 (i.e. 135%) per equity share of INR 10 each for the Fiscal Year 2020-21 on the entire paid up share capital of the Company of 35,236,247 equity shares of the nominal value of INR 10 each in addition to Interim Dividend of INR 5.00 (I.e. 50%) per equity share of INR 101 each. The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company to be held on 28 August, 2021. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹870, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 18x in the Metals and Mining industry in India. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹937, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 80% over the past three years.