Announcement
Announcement under Regulation 30 (LODR)-Allotment 8 Oct - Allotted 2.72 lakh equity shares on warrant conversion, raising paid-up capital to 67.35 crore shares.
Source: Bse
Godawari Power And Ispat limited (GPIL)
Small CapIndustrials stocks · Small cap · NSE
Godawari Power And Ispat Limited (GPIL) is an integrated steel producer with operations spanning iron ore mining, pellets, sponge iron, steel, ferro alloys, and captive power generation. The company is expanding into value-added steel products and clean energy infrastructure.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result16 Aug, 12:38 am IST
Score20 Oct, 05:15 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -10.2% / mo · MACD − · near 52W low
Stock trend: 18
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GPILD candles · FIT view-28.5%Latest close ₹207.22 on 2026-10-19
Bar
-2.7%
RSI
36
MACD hist
-0.07
52W pos
3%
2026-10-19O ₹213.00H ₹213.90L ₹206.16C ₹207.22Vol 5.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GPILNifty India ManufacturingNifty 500
- GPIL
- -15.1%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -9.5 pp
Chart stats
19 Oct 2026- From 52W high
- -35.2%
- 52W range position
- 3%
- ATR (14)
- 3.4%
- Volume vs 20D
- 0.41x
- Avg traded value
- ₹25.9 Cr
- 20D price channel
- ₹203.8 - ₹239.6
₹320
₹203.8 - ₹320
₹7
Latest completed session
20-session average
30.4% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE47
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average42
Revenue +32.3% · PAT +2.8% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model-40.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence77
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 42/100margin compression · Rev +32% YoY · PAT +3% YoY · +9% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,750 Cr | +32.3% | +8.7% |
| EBITDA | ₹334 Cr | +3.1% | -23.9% |
| Operating margin | 19.0% | -500 bps | -800 bps |
| PAT | ₹222 Cr | +2.8% | -20.7% |
| PAT margin | 12.7% | -364 bps | -470 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 17.00
- P/B
- 2.39
- EV/EBITDA
- 10.03
- Market Cap
- 13956.00Cr
Profitability
- ROE
- 15.30%
- ROCE
- 20.50%
- ROA
- 11.07%
- Dividend Y
- 0.48%
Growth (CAGR)
- Revenue 5Y
- 6.00%
- EPS 5Y
- 5.00%
- Revenue 3Y
- -2.00%
- EPS 3Y
- 1.00%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- 19.55×
- Altman Z
- 8.38
- Book Value
- 86.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 11/5
- OCF
- 1157.00 Cr
- EPS TTM
- 12.01
Shareholding
- Promoter Hold
- 63.16%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,750+8.7% vs prev
Net Profit
₹ CrLatest: 222-20.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 36. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~11.4% over last month) — short-term momentum negative.
- RSI(14) at 36 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
14
RS percentile
Stage 4 Downtrend
1M return
-11.2%
3M return
-15.1%
6M return
-30.6%
1Y return
-23.0%
RS 1D
-1
RS 20D
-8
Sector rank
#5
Industry rank
-
Stage evidence
- Price is 20.4% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 83.25-1.06%
RS vs Nifty 50083
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation8/30
Growth7/25
Quality11/20
Balance Sheet11/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
47
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
47/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 11/15 to the score.
- Quality contributes 11/20 to the score.
Main drags
- Fair-value margin of safety is negative at -40.0%.
- Valuation is weaker at 8/30; verify the latest quarterly trend.
- Growth is weaker at 7/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
17.0
PB
2.4
EV/EBITDA
10.0
ROE
15.3%
ROCE
20.5%
FCF Yield
—
Debt/Equity
0.1
MoS
-40.0%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
47
Previous: 47
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-40.0%
Previous: -40.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
47
47
47
47
47
47
47
47
47
47
47
47
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹152.89
-35.5% MoS
Growth-justified P/E
12.3
Growth-justified Value
₹147.96
-40.0% MoS
PEG
5.00
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BHARATCOAL
Small
Bharat Coking Coal Limited
Oil & Gas
match 81
20
—
1.9%
—
OVERVALUED
CESC
Small
CESC Limited
Power Generation
match 80
35
11.4
12.0%
-29%
WATCHLIST
SARDAEN
Small
Sarda Energy & Minerals Limited
Power Generation
match 80
67
15.3
15.1%
+57%
UNDERVALUED
POWERICA
Small
Powerica Limited
Power Generation
match 79
53
26.4
17.4%
+11%
FAIR VALUE
GENUSPOWER
Small
Genus Power Infrastructures Limited
Electrical Equipment
match 78
71
13.1
30.9%
+49%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-06T07:27:32.196Z
Management commentary snapshot
GPIL delivered resilient FY26 performance with stable revenue and strong 23% EBITDA, 15% PAT margins despite softer realizations. Q4FY26 saw robust 41% QoQ revenue growth, 91% QoQ EBITDA, and 95% QoQ PAT improvement, driven by production ramp-up and better realizations.
The company demonstrated resilient FY26 performance with stable revenue and strong margins, supported by captive iron ore and ongoing capacity expansions. Q4FY26 showed significant sequential momentum in revenue, EBITDA, and PAT, driven by operational ramp-up and improved realizations. Strategic projects are progressing.
Growth engines
Expanded Captive Mining Capacity
Secured Consent To Operate for Ari Dongri mines at an enhanced capacity of 6 MnT, more than doubling capacity.
Pellet Plant Expansion
Commissioned new 2.0 MnT pellet plant in Dec'25, increasing total pellet capacity by 74% to 4.7 MnT.
Integrated Steel Plant (ISP)
Setting up a 1 MnT Integrated Steel Plant for structural steel & wire rods, scaling capacity to 3x.
Cold Rolling Mill (CRM) Complex
Approved establishment of 0.7 MnT CRM Complex for the manufacture of Cold Rolled Steel products.
Capacity and execution
Ari Dongri Mines Capacity Enhancement
CTO received in Feb'26 for capacity enhancement from 2.35 MnT to 6 MnT. Phased ramp-up beginning FY27, full-scale operations targeted from FY28.
Iron Ore Pellet Plant Commissioning
2.0 MnT Iron Ore Pellet Plant commissioned in Dec'25, increasing total pellet capacity from 2.7 MnT to 4.7 MnT.
Sponge Iron & HB Wire Division Expansion
CTO received for capacity expansion of Sponge Iron Division from 0.594 MnT to 0.65 MnT, and HB Wire Division from 0.1 MnT to 0.115 MnT.
Waste Heat Recovery-Based Power Plant
CTO received for a 7 MW Waste Heat Recovery-Based Power Plant, taking total WHRP capacity to 49 MW.
Tailwinds
Captive Iron Ore Security
100% captive iron ore security backed by two magnetite mines with 165 MnT proven reserves, 6.7 MnT capacity, and 35+ years of mine life.
Premium Pellet Economics
Premium pellet economics driven by high-grade ~65% Fe iron ore, enabling GPIL to realize a Rs. 1,000–1,500/ton premium over market prices.
India's Iron Ore Deficit
India's iron ore production is lagging steel capacity addition, turning India into a net importer of iron ore.
Government Incentives for BESS
Maharashtra Government approved multiple incentives for the BESS project, including electricity duty and stamp duty exemptions, power tariff subsidy, interest and capital subsidies.
Headwinds
Softer Realizations
FY26 realizations remained softer across key products, impacting overall revenue despite strong volumes.
Risk radar
Market Realizations
Softer realizations in FY26 indicate sensitivity to market pricing, which could impact future profitability.
Project Execution and Funding
Large capex projects (ISP, CRM, BESS, Solar) require timely execution and securing planned debt-equity funding.
Regulatory Approvals
Consent to set up for the 1 MnT Integrated Steel Plant is awaited, which could delay project timelines.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
FY26 results provide a full-year view of stability and margin strength. Q4FY26 shows strong sequential momentum in revenue, EBITDA, and PAT, driven by production ramp-up and better realizations, indicating improving operational execution and market conditions.
Sector KPIs management disclosed
Revenue
FY26: Rs. 5,381 Cr (stable vs FY25 Rs. 5,376 Cr). Q4FY26: Rs. 1,610 Cr (+41% QoQ, +10% YoY).
EBITDA
FY26: Rs. 1,253 Cr (stable vs FY25 Rs. 1,194 Cr). Q4FY26: Rs. 439 Cr (+91% QoQ, +38% YoY).
PAT
FY26: Rs. 802 Cr (stable vs FY25 Rs. 813 Cr). Q4FY26: Rs. 280 Cr (+95% QoQ, +26% YoY).
EBITDA Margin
FY26: 23% (vs FY25 22%). Q4FY26: 27% (vs Q3FY26 20%, Q4FY25 22%).
Management forward view
Sustainable Value Creation
Management remains well-positioned for sustainable value creation through operational efficiency, solar-led cost optimisation, and stakeholder support.
Net-Zero Carbon Emissions Target
Undertaking initiatives to achieve Net-Zero Carbon Emissions by 2050, including fuel switch to natural gas and carbon capture.
Green Diversification
Expanding into non-ferrous metals recycling through Jammu Pigments Ltd. as part of green diversification strategy.
FY27 Growth Guidance
Strong FY27 guidance for Iron Ore Mining (3.4 MnT), Iron Ore Pellets (4.0 MnT), and Steel Billets (0.525 MnT).
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Pellet Plant Capacity Utilization | 78% in Q4FY26 | Ramp-up to 85% in FY27 as guided by management. |
| CRM Complex Commissioning | Expected March'27 | On-site construction starting by July '26 and completion of equipment drawing approvals by June '26. |
| Integrated Steel Plant (ISP) Construction | Construction to start from Oct'2026 | Progress on negotiations with equipment suppliers and project engineering, along with receipt of consent to set up. |
| BESS Project Commissioning | Expected March'27 | BESS assembly equipment FAT by August-end and continued progress on compound wall construction and supply chain finalization. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
77Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 83rd percentile of the scored universe and 83rd percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
150 docs text-extracted · 50 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
83rd percentile
overall median 67 · Industrials: 83rd pctile, median 68 · Small: 86th pctile, median 66
Evidence depth
Financial-only
150 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
64
acceptable · capital discipline
Results
74
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 63.2%.
- ▸Promoter pledge is zero.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.08.
Trust risks
- ▸ROCE trend is -3.8%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Godawari Power And Ispat limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 1 Oct - Board approved wholly owned subsidiary GESPL on 01.10.2026 with Rs.10 lakh capital for EPC projects.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Sep - Virtual analyst/institutional investor meeting held on 29.09.2026 at CIA Metals Day; no UPSI shared.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 29 Sep - Godawari Power virtually met analysts and institutional investors at CIA Metals Day on 29.09.2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Sep - Please find attached copy of Newspaper Publication regarding opening of Special Window for re-lodgement of the transfer and dematerialisation of physical securities.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 29 Sep - GPIL invested Rs50 crore in subsidiary GNEPL via preference shares for BESS plant capex and working capital.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep - Intimation regarding participation in Arihant -Bharat Connect 2026 : Rising Star Conference to be held on 28.09.2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Sep - Please find attached herewith the intimation regarding two Analyst Meets sechduled to be held on 07.09.2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 31 Aug - Please find attached herewith the intimation regarding Allotment of 1,41,535 Equity shares under GPIL ESOP Scheme 2023.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Aug - Please find attached herewith the copy of Newspaper publication regarding AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug - Please find attached herewith intimaton regarding publicationof Notice relating to Annual General Meeting and Record Date.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug - Please find attached herewith the intimation regarding Publication of Financial Results for the quarter ended 30.06.2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.