Godawari Power & Ispat Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹13,083 Cr
- P/E
- 15.97
- ROE
- 15.33%
- PEG
- 23.13
- Price to sales
- 2.25
- Debt to equity
- 0.08
- 52W high / low
- ₹306 / ₹191
- Sales growth (5Y)
- 6.36%
- EBITDA margin
- 21.54%
- Net profit margin
- 15.29%
- Promoter holding
- 63.16%
- Sales (last year)
- ₹5,808 Cr
Godawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys with generation of Electricity.
Guidance scorecard · Q1 FY27 call
What Godawari Power & Ispat Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ1 FY27 call
10–20%- Vision 2030 targets a 4x increase in revenue and 3x growth in EBITDA and PAT, driven mainly by CRM and BESS projects (steel plant now considered optional).
- Pellet capacity expected to operate at 80%-85% utilization in FY’27, with gradual ramp-up as beneficiation plant and mining capacities increase.
- FY'27 pellet production guidance initially at 4 million tons but may be slightly lower due to one pellet plant shutdown; final guidance to be communicated later.
- Mining capacity ramp-up expected from Q3 FY'27; full captive mining supply to pellet plants targeted by FY’28, reducing merchant ore procurement.
- CRM complex commissioning expected by December 2027 (Q3 FY'28) with INR1,100 crores capex.
2 more points from Godawari Power & Ispat Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Godawari Power & Ispat Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- CRM Complex: Relocated to Maharashtra near Sambhaji Nagar; planned capex of INR 1,100 crores (including INR 550 crores debt); land allotment expected by August 2026; construction starting October 2026; commissioning targeted by December 2027.
- Battery Energy Storage System (BESS): 20 GW base project progressing; scheduled commissioning Q1 FY28; capex incurred INR 501 crores till date; supported by Govt of Maharashtra incentives.
- Beneficiation Plant: Part of Ari Dongri iron ore mine expansion; capex of INR 218 crores incurred till June 2026; full-scale operation targeted FY28.
- Mining Capex: About INR 2,000 crores planned for FY27 and FY28.
- CRM Capex Revised: Increased from INR 950 crores to INR 1,100 crores due to land and infrastructure costs.
2 more points from Godawari Power & Ispat Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Godawari Power & Ispat Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- CapEx revisions for CRM project and its commissioning by December 2027.
- Suspension and evaluation of integrated steel plant project due to pending water allocation approval.
- Updates on pellet plant operations, shutdowns, and production guidance.
- BESS project progress and commercial arrangements initiation.
- Mining capacity ramp-up plans and beneficiation plant coming online in Q3-FY28.
2 more points from Godawari Power & Ispat Ltd's call on the order book
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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
- Strong growth2
- Strong growth1
- Strong growth3
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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
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingGodawari Power & Ispat Ltd announcements
All announcements →- Capex / expansionNotableGodawari Power & Ispat receives consent to operate enhanced SMS capacity at Raipur plant
Financials of Godawari Power & Ispat Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Godawari Power & Ispat Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,317 | 1,326 | 1,291 | 1,309 | 1,530 | 1,342 | 1,268 | 1,298 | 1,468 | 1,323 | 1,308 | 1,139 | 1,610 |
| Expenses + | 1,041 | 1,019 | 930 | 978 | 1,201 | 935 | 1,021 | 1,076 | 1,150 | 999 | 1,048 | 922 | 1,171 |
| Operating Profit | 276 | 307 | 361 | 331 | 329 | 408 | 247 | 221 | 318 | 324 | 260 | 218 | 439 |
| OPM % | 21% | 23% | 28% | 25% | 22% | 30% | 19% | 17% | 22% | 24% | 20% | 19% | 27% |
| Other Income + | 14 | 44 | 26 | 17 | 41 | 32 | 24 | 20 | 32 | 26 | 23 | 27 | 18 |
| Interest | 14 | 10 | 10 | 16 | 24 | 14 | 14 | 13 | 15 | 15 | 11 | 13 | 19 |
| Depreciation | 32 | 34 | 35 | 35 | 37 | 38 | 39 | 37 | 40 | 44 | 41 | 45 | 48 |
| Profit before tax | 243 | 307 | 343 | 296 | 310 | 387 | 218 | 192 | 295 | 291 | 231 | 188 | 390 |
| Tax % | 30% | 25% | 25% | 23% | 29% | 26% | 27% | 24% | 25% | 26% | 30% | 24% | 28% |
| Net Profit + | 170 | 231 | 257 | 229 | 219 | 287 | 159 | 145 | 222 | 216 | 162 | 143 | 280 |
| EPS in Rs | 2.41 | 3.40 | 3.78 | 3.37 | 3.21 | 4.22 | 2.38 | 2.16 | 3.31 | 3.23 | 2.41 | 2.14 | 4.17 |
Financials of Godawari Power & Ispat Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,384 | 1,976 | 1,799 | 2,506 | 3,294 | 3,270 | 3,949 | 5,397 | 5,745 | 5,445 | 5,370 | 5,381 |
| Expenses + | 2,026 | 1,759 | 1,508 | 1,909 | 2,505 | 2,646 | 2,812 | 3,529 | 4,612 | 4,117 | 4,176 | 4,128 |
| Operating Profit | 358 | 218 | 291 | 597 | 790 | 624 | 1,137 | 1,868 | 1,134 | 1,328 | 1,194 | 1,253 |
| OPM % | 15% | 11% | 16% | 24% | 24% | 19% | 29% | 35% | 20% | 24% | 22% | 23% |
| Other Income + | 60 | 14 | 16 | 6 | 9 | -3 | 48 | 175 | 93 | 129 | 109 | 82 |
| Interest | 224 | 252 | 259 | 263 | 253 | 212 | 115 | 20 | 20 | 60 | 55 | 58 |
| Depreciation | 118 | 126 | 120 | 132 | 133 | 137 | 109 | 105 | 124 | 141 | 155 | 178 |
| Profit before tax | 77 | -147 | -73 | 208 | 414 | 273 | 962 | 1,918 | 1,083 | 1,256 | 1,092 | 1,098 |
| Tax % | 8% | -32% | 1% | -3% | 37% | 35% | 32% | 24% | 27% | 26% | 26% | 27% |
| Net Profit + | 71 | -100 | -74 | 215 | 261 | 177 | 655 | 1,467 | 793 | 936 | 813 | 802 |
| EPS in Rs | 1.01 | -1.35 | -1.06 | 2.95 | 3.58 | 2.37 | 9.06 | 20.81 | 11.26 | 13.76 | 12.13 | 11.93 |
| Dividend Payout % | 5% | 0% | 0% | 0% | 0% | 0% | 10% | 12% | 7% | 7% | 17% | 8% |
Financials of Godawari Power & Ispat Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 32 | 34 | 34 | 34 | 34 | 34 | 66 | 65 | 62 | 61 | 62 |
| Reserves | 892 | 763 | 663 | 889 | 1,135 | 1,344 | 2,001 | 3,246 | 3,841 | 4,434 | 4,845 | 5,747 |
| Borrowings + | 2,038 | 2,007 | 2,214 | 2,124 | 1,886 | 1,697 | 896 | 428 | 317 | 52 | 309 | 443 |
| Other Liabilities + | 786 | 613 | 342 | 405 | 456 | 407 | 542 | 1,149 | 937 | 998 | 942 | 1,045 |
| Total Liabilities | 3,748 | 3,415 | 3,253 | 3,452 | 3,511 | 3,482 | 3,474 | 4,890 | 5,159 | 5,545 | 6,157 | 7,296 |
| Fixed Assets + | 2,403 | 2,289 | 2,326 | 2,264 | 2,249 | 2,269 | 2,013 | 1,530 | 2,065 | 2,362 | 2,730 | 3,424 |
| CWIP | 187 | 238 | 136 | 171 | 130 | 137 | 137 | 643 | 443 | 433 | 432 | 470 |
| Investments | 67 | 114 | 108 | 131 | 132 | 123 | 277 | 239 | 242 | 222 | 471 | 391 |
| Other Assets + | 1,091 | 774 | 683 | 885 | 1,000 | 951 | 1,046 | 2,478 | 2,410 | 2,528 | 2,524 | 3,012 |
| Total Assets | 3,748 | 3,415 | 3,253 | 3,452 | 3,511 | 3,482 | 3,474 | 4,890 | 5,159 | 5,545 | 6,157 | 7,296 |
Financials of Godawari Power & Ispat Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 551 | 377 | 15 | 451 | 550 | 551 | 969 | 1,330 | 962 | 1,044 | 895 | 1,157 |
| Cash from Investing Activity + | -268 | -6 | 14 | -121 | -66 | -150 | -62 | -1,095 | -220 | -754 | -436 | -1,336 |
| Cash from Financing Activity + | -279 | -374 | -21 | -354 | -491 | -401 | -900 | -233 | -246 | -679 | -250 | 156 |
| Net Cash Flow | 4 | -2 | 8 | -24 | -7 | -0 | 6 | 2 | 496 | -388 | 210 | -23 |
| Free Cash Flow | 304 | 327 | -38 | 346 | 474 | 387 | 929 | 724 | 513 | 626 | 361 | 76 |
| CFO/OP | 159% | 176% | 6% | 79% | 81% | 100% | 98% | 93% | 111% | 100% | 95% | 113% |
Financials of Godawari Power & Ispat Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 18 | 23 | 23 | 17 | 20 | 25 | 24 | 19 | 14 | 9 | 9 |
| Inventory Days | 104 | 110 | 98 | 112 | 123 | 112 | 100 | 133 | 88 | 111 | 114 | 124 |
| Days Payable | 120 | 119 | 40 | 42 | 40 | 36 | 38 | 81 | 57 | 65 | 57 | 59 |
| Cash Conversion Cycle | 8 | 9 | 81 | 93 | 99 | 96 | 87 | 76 | 50 | 60 | 67 | 73 |
| Working Capital Days | -32 | -90 | 39 | 40 | 47 | 50 | 52 | 38 | 34 | 53 | 43 | 43 |
| ROCE % | 8% | 3% | 6% | 15% | 21% | 15% | 34% | 54% | 27% | 29% | 23% | 20% |
Guidance history
How Godawari Power & Ispat Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | None planned | — |
| Q4 FY26 call → | 20–40% | Down 0–2% | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
7 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −30.1% | 23% |
| Last 6 months | −34.3% | 5% |
| Last 3 months | −22.0% | 12% |
The price is 36.4% below its all-time high of ₹305.85 (20 May 2026). Stocks more than 20% below their peak have their score halved, so 13 became 7.
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 Godawari Power & Ispat Ltd: 0.4 × 23 + 0.4 × 5 + 0.2 × 12 = 13, halved to 7 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 29 Oct 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 Godawari Power & Ispat Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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