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Gallantt Ispat (GALLANTT)₹544.00+1.60%Iron & Steel Products
In the Sep 2026 quarter (consolidated), Gallantt Ispat reported sales of ₹1,145 Cr, up 13.1% from Sep 2025, and net profit of ₹60.94 Cr, down 31.5% year on year. For the year to Mar 2026, sales were ₹4,421 Cr and net profit ₹484 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,062 | 1,177 | 1,159 | 943 | 1,117 | 1,072 | 1,128 | 1,013 | 1,074 | 1,205 | 1,146 | 1,145 |
| Expenses | 957 | 997 | 947 | 846 | 921 | 891 | 882 | 883 | 923 | 1,022 | 963 | 1,038 |
| Operating Profit | 107 | 184 | 215 | 98.05 | 199 | 183 | 247 | 132 | 154 | 184 | 185 | 110 |
| OPM % | 10.0% | 16.0% | 19.0% | 10.0% | 17.9% | 17.0% | 21.9% | 12.9% | 14.0% | 15.0% | 16.0% | 9.9% |
| Other Income | 1.01 | 3.01 | 1.01 | 2.01 | 1.01 | 12.01 | 7.01 | 13.01 | 15.01 | 25.03 | 18.03 | 18.02 |
| Interest | 7.99 | 7.99 | 5.99 | 4.99 | 4.99 | 4.99 | 6.01 | 8.99 | 12.99 | 14.01 | 7.99 | 8.99 |
| Depreciation | 29.03 | 34.01 | 30.02 | 30.03 | 29.03 | 31.04 | 32.03 | 33.04 | 32.01 | 34.01 | 30.01 | 36.03 |
| Profit before tax | 70.81 | 145 | 179 | 64.89 | 165 | 159 | 216 | 103 | 123 | 162 | 165 | 82.85 |
| Tax % | 26.0% | 34.0% | 32.0% | 25.0% | 31.0% | 27.0% | 20.0% | 15.0% | 18.0% | 24.0% | 25.0% | 27.0% |
| Net Profit | 51.96 | 94.92 | 122 | 48.95 | 114 | 116 | 174 | 88.95 | 99.95 | 123 | 124 | 60.94 |
| EPS (Rs) | 2.16 | 3.96 | 5.06 | 2.04 | 4.72 | 4.83 | 7.22 | 3.70 | 4.17 | 5.11 | 5.14 | 2.52 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 670 | 616 | 824 | 1,063 | 864 | 1,007 | 3,014 | 4,054 | 4,226 | 4,292 | 4,421 | 4,570 |
| Expenses | 605 | 566 | 740 | 939 | 835 | 899 | 2,728 | 3,699 | 3,789 | 3,608 | 3,709 | 3,945 |
| Operating Profit | 66.01 | 52.01 | 85.93 | 125 | 31.97 | 111 | 296 | 364 | 448 | 693 | 717 | 633 |
| OPM % | 10.0% | 8.0% | 9.9% | 12.0% | 3.7% | 11.0% | 9.9% | 9.0% | 11.0% | 16.0% | 16.0% | 13.9% |
| Other Income | 3.01 | 1.01 | 5.01 | 5.01 | 1.01 | 2.01 | 54.10 | 3.01 | 7.01 | 16.01 | 59.07 | 76.09 |
| Interest | 6.99 | 5.99 | 7.01 | 6.01 | 5.99 | 9.99 | 20.01 | 26.99 | 27.98 | 21.99 | 42.01 | 43.98 |
| Depreciation | 18.01 | 17.01 | 15.01 | 13.99 | 13.99 | 15.99 | 91.98 | 100 | 116 | 120 | 130 | 132 |
| Profit before tax | 43.92 | 29.92 | 68.83 | 110 | 12.98 | 87.87 | 237 | 240 | 311 | 567 | 603 | 532 |
| Tax % | 5.0% | 11.0% | 29.0% | 35.0% | 42.0% | 35.0% | 26.0% | 41.0% | 28.0% | 29.0% | 20.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 2.99 | — |
| Net Profit | 45.99 | 37.95 | 62.98 | 104 | 21.98 | 80.95 | 176 | 141 | 225 | 401 | 484 | 408 |
| EPS (Rs) | 5.64 | 4.67 | 7.74 | 12.87 | 2.77 | 10.05 | 21.68 | 5.85 | 9.37 | 16.66 | 20.14 | 16.94 |
| Dividend payout % | 0.0% | 0.0% | 3.0% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 11.0% | 8.0% | 10.1% | — |
| 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 | 80.99 | 81.03 | 81.05 | 80.97 | 81.01 | 81.08 | 81.08 | 81.02 | 241 | 241 | 241 | 241 |
| Reserves | 200 | 289 | 340 | 452 | 554 | 575 | 656 | 2,002 | 1,984 | 2,209 | 2,600 | 3,076 |
| Borrowings | 91.26 | 62.19 | 74.23 | 56.10 | 51.14 | 123 | 114 | 388 | 540 | 463 | 379 | 550 |
| Other Liabilities | 52.20 | 59.28 | 31.15 | 94.21 | 31.15 | 54.26 | 79.37 | 220 | 187 | 224 | 330 | 408 |
| Total Liabilities | 424 | 493 | 528 | 683 | 719 | 833 | 931 | 2,691 | 2,951 | 3,138 | 3,549 | 4,274 |
| Fixed Assets | 212 | 205 | 230 | 219 | 208 | 198 | 463 | 1,452 | 1,622 | 1,894 | 1,806 | 1,855 |
| CWIP | 5.01 | 18.01 | 13.02 | 29.05 | 127 | 241 | 5.01 | 360 | 317 | 122 | 318 | 349 |
| Investments | 43.01 | 90.09 | 101 | 164 | 196 | 211 | 236 | 1.01 | 2.01 | 52.01 | 40.01 | 25.01 |
| Other Assets | 165 | 178 | 183 | 271 | 186 | 183 | 226 | 878 | 1,012 | 1,070 | 1,385 | 2,045 |
| Inventories | 85.73 | 79.71 | 98.75 | 110 | 111 | 132 | 137 | 330 | 432 | 437 | 435 | 550 |
| Trade receivables | 23.99 | 29.98 | 33.97 | 51.02 | 37.99 | 23.01 | 50.96 | 157 | 137 | 109 | 89.92 | 178 |
| Cash & equivalents | 6.01 | 5.01 | 3.01 | 6.01 | 4.01 | 5.01 | 7.01 | 13.02 | 11.01 | 12.01 | 258 | 503 |
| Total Assets | 424 | 493 | 528 | 683 | 719 | 833 | 931 | 2,691 | 2,951 | 3,138 | 3,549 | 4,274 |
| 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 | 70.27 | 56.26 | 42.15 | 123 | 76.29 | 57.21 | 92.41 | 235 | 96.43 | 345 | 581 | 604 |
| Cash from investing activity | −19.94 | −21.93 | −51.86 | −96.78 | −68.82 | −122 | −74.82 | −208 | −224 | −247 | −458 | −625 |
| Cash from financing activity | −47.97 | −36.01 | 6.99 | −22.99 | −9.99 | 64.98 | −16.98 | −18.99 | 126 | −102 | −114 | 121 |
| Net cash flow | 1.99 | −0.99 | −1.99 | 1.99 | −2.99 | 0.00 | 0.99 | 5.98 | −2.99 | −4.98 | 4.99 | 95.70 |
| Capex | 21.01 | 24.02 | 36.99 | 25.01 | 110 | 106 | 46.01 | 285 | 227 | 199 | 242 | 348 |
| Free cash flow | 47.99 | 32.02 | 5.99 | 95.98 | −32.99 | −49.99 | 46.05 | −39.01 | −132 | 151 | 337 | 364 |
| CFO / OP % | 120.0% | 100.0% | 94.0% | 158.0% | 80.0% | 187.0% | 97.0% | 93.0% | 38.0% | 89.0% | 98.0% | 102.0% |
| 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 | 12 | 17 | 20 | 22 | 13 | 10 | 18 | 19 | 12 | 9 | 8 | 15 |
| Inventory days | 55 | 57 | 77 | 65 | 51 | 69 | 66 | 50 | 48 | 48 | 51 | 63 |
| Days payable | 0 | 2 | 16 | 46 | 7 | 18 | 17 | 23 | 6 | 5 | 10 | 19 |
| Cash conversion cycle | 68 | 72 | 81 | 42 | 56 | 60 | 67 | 46 | 54 | 52 | 49 | 59 |
| Working capital days | 19 | 41 | 21 | 37 | 26 | 18 | 10 | 44 | 39 | 48 | 57 | 65 |
| ROCE % | — | 13.0% | 8.0% | 14.0% | 18.0% | 3.0% | 12.0% | 16.0% | 10.0% | 12.0% | 19.0% | 18.0% |
For the Sep 2026 quarter, Gallantt Ispat reported sales of ₹1,145 Cr, up 13.1% year on year and net profit of ₹60.94 Cr, down 31.5% year on year. The operating margin was 9.9%.
Gallantt Ispat's sales for the year to Mar 2026 were ₹4,421 Cr; over the last twelve months they were ₹4,570 Cr.
Net profit for the year to Mar 2026 was ₹484 Cr, and ₹408 Cr over the last twelve months. Earnings per share over the same trailing period were ₹16.94.
Gallantt Ispat reported borrowings of ₹550 Cr at Mar 2026, against cash and equivalents of ₹503 Cr.
Cash from operations was ₹604 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹364 Cr.