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Gallantt Ispat Q2 FY27 Share Price & Earnings Call Analysis

₹526.05+1.88% today
Market cap
₹12,701 Cr
P/E
29.16
ROE
15.63%
PEG
0.57
Price to sales
2.85
Debt to equity
0.17
52W high / low
₹927 / ₹503
Sales growth (5Y)
34.42%
EBITDA margin
14.76%
Net profit margin
10.89%
Promoter holding
70.98%
Sales (last year)
₹4,437 Cr

Incorporated in 2005,Gallantt Ispat Limited is a leading Iron and Steel manufacturing Company located in Eastern Uttar Pradesh. The Co is engaged in the business of Iron & Steel, Agro, Power and Real Estate. [1]

Guidance scorecard · Q2 FY27 call

What Gallantt Ispat's management guided
and where it ranks in Industrial Products

#74of 100 in
Industrial Products
Revenue10–20%MarginsUp 2%+CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • Gallantt Ispat is expanding capacity at Gorakhpur to 1.3 million tons annually, with ramp-up expected to stabilize at 85%-90% utilization by December 2026, enabling full potential realization in Q4 FY27 and beyond.
  • The expanded Gorakhpur capacity, supported by a strong dealer network and brand endorsements, will help place additional volumes, particularly in Uttar Pradesh where Gallantt holds over 25% market share.
  • Domestic steel consumption in India is growing (~7.5%), driven by infrastructure, urbanization, and housing demand.
  • The medium-term growth plan, influenced by recent coal and iron ore block allocations, will be shared in Q4 FY27, indicating potential larger greenfield projects leveraging captive raw materials.

2 more points from Gallantt Ispat's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Up 2%+

See what Gallantt Ispat said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • INR3,000 crores capex program ongoing, fully funded through internal accruals with no term loans.
  • INR650 crores spent up to September 2026.
  • Expansion from 1 million to 1.23 million tons capacity at Gorakhpur nearing completion.
  • Coal block in Singrauli and iron ore blocks in Uttar Pradesh and Rajasthan being developed for operational use by FY28.

2 more points from Gallantt Ispat's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Gallantt Ispat said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what Gallantt Ispat said on the order book →

Full Q2 FY27 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Gallantt Ispat rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Gallantt Ispat

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Gallantt Ispat

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +68.94%68.93%68.93%68.93%68.93%68.93%68.93%68.93%69.83%70.00%70.03%70.98%
FIIs +0.01%0.02%0.16%0.09%0.07%0.04%0.05%0.19%0.15%0.09%0.02%0.03%
DIIs +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.05%0.08%0.08%0.09%
Public +31.04%31.02%30.89%30.96%30.97%31.01%31.00%30.81%29.95%29.82%29.85%28.89%
No. of Shareholders20,73120,88419,53618,98018,28617,78919,88521,37222,43521,18129,98630,573

Financials of Gallantt Ispat

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +9501,0631,1771,1609431,1181,0721,1281,0131,0741,2051,1461,146
Expenses +8639569949458459198898818819201,0209611,036
Operating Profit8610718421598199183247132154184185110
OPM %9%10%16%19%10%18%17%22%13%14%15%16%10%
Other Income +2131211271315251818
Interest788655569131489
Depreciation28293430302931323332343036
Profit before tax54711451796516515921610312316216583
Tax %13%26%34%32%25%31%27%20%15%18%24%25%27%
Net Profit +475295122491141161748910012312461
EPS in Rs1.962.153.955.052.034.714.827.203.694.165.095.132.51

Financials of Gallantt Ispat

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +7206706168241,0648651,0073,0174,0574,2274,2934,4194,570
Expenses +6566045657389388338962,7213,6933,7793,5983,7023,937
Operating Profit6566528612532111296364448694717633
OPM %9%10%8%10%12%3.7%11%10%9%11%16%16%14%
Other Income +13155125437165976
Interest127676610202728224245
Depreciation1718171514141692100116120130132
Profit before tax374430691101388237240311568604533
Tax %8%5%11%29%35%42%35%26%41%28%29%20%
Net Profit +344638631042281176141225401484407
EPS in Rs4.175.624.657.7112.832.7610.0121.625.849.3416.6120.0716.89
Dividend Payout %0%0%0%3%2%0%0%0%0%11%8%10%

Financials of Gallantt Ispat

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital8181818181818181241241241241241
Reserves2002893404525545746562,0021,9842,2092,6013,0753,245
Borrowings +9162745651123114387538462378548592
Other Liabilities +52593194315479219186223328406414
Total Liabilities4244925276837188329302,6892,9493,1363,5484,2704,493
Fixed Assets +2122052302192081984631,4521,6231,8941,8071,8561,800
CWIP51813291272415359316122318349598
Investments43901011641962112361252402526
Other Assets +1651781832711861822268761,0091,0681,3832,0402,069
Total Assets4244925276837188329302,6892,9493,1363,5484,2704,493

Financials of Gallantt Ispat

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +70564212276579223496344579602
Cash from Investing Activity +-20-22-52-97-69-122-75-209-225-248-460-627
Cash from Financing Activity +-48-367-23-1065-17-19126-102-114121
Net Cash Flow2-1-22-3-016-3-5596
Free Cash Flow4832696-33-5046-39-132151337364
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit120%100%94%158%80%187%97%93%38%89%98%102%

Financials of Gallantt Ispat

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1217202213101819129815
Inventory Days555777655169665048485163
Days Payable0317478191824761120
Cash Conversion Cycle677180415559664553514858
Working Capital Days204222382719114540495866
ROCE %13%8%14%18%3%12%16%10%12%19%18%

Guidance history

How Gallantt Ispat's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%Up 2%+Planned——
Q1 FY27 call →10–20%FlatPlannedNone planned—
Q4 FY26 call →10–20%Up 2%+PlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

15out of 100

Momentum score · price trend

15 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−1.5%59%
Last 6 months−40.8%2%
Last 3 months−17.7%25%

The price is 44.3% below its all-time high of ₹927.1 (16 Apr 2026). Stocks more than 20% below their peak have their score halved, so 29 became 15.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gallantt Ispat: 0.4 × 59 + 0.4 × 2 + 0.2 × 25 = 29, halved to 15 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Gallantt Ispat's management said in earlier quarters

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