Godawari Power and Ispat (GPIL)₹208.70−1.94%Iron & Steel Products
In the Jun 2026 quarter (consolidated), Godawari Power and Ispat reported sales of ₹1,744 Cr, up 32.2% from Jun 2025, and net profit of ₹223 Cr, up 2.9% year on year. For the year to Mar 2026, sales were ₹5,361 Cr and net profit ₹804 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,286 | 1,305 | 1,526 | 1,337 | 1,265 | 1,294 | 1,462 | 1,320 | 1,304 | 1,136 | 1,604 | 1,744 |
| Expenses | 933 | 981 | 1,205 | 938 | 1,025 | 1,080 | 1,154 | 1,002 | 1,051 | 925 | 1,174 | 1,421 |
| Operating Profit | 361 | 331 | 329 | 409 | 247 | 221 | 318 | 324 | 260 | 218 | 439 | 334 |
| OPM % | 28.0% | 25.1% | 22.1% | 30.0% | 19.0% | 17.1% | 22.1% | 24.0% | 20.0% | 19.1% | 27.1% | 19.1% |
| Other Income | 26.02 | 17.02 | 41.07 | 32.06 | 24.02 | 20.04 | 32.02 | 26.06 | 23.02 | 27.03 | 18.01 | 38.05 |
| Interest | 10.05 | 16.06 | 24.09 | 14.06 | 14.06 | 13.04 | 15.05 | 15.05 | 11.05 | 13.06 | 19.06 | 20.09 |
| Depreciation | 35.05 | 35.04 | 37.04 | 38.03 | 39.01 | 37.01 | 40.01 | 44.06 | 41.02 | 45.05 | 48.04 | 50.03 |
| Profit before tax | 342 | 296 | 310 | 386 | 218 | 192 | 294 | 290 | 230 | 188 | 389 | 301 |
| Tax % | 24.9% | 23.0% | 29.0% | 26.0% | 27.0% | 23.9% | 24.9% | 26.0% | 30.0% | 24.0% | 27.9% | 25.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −12.98 | 0.00 |
| Net Profit | 257 | 229 | 219 | 287 | 159 | 145 | 222 | 216 | 162 | 143 | 281 | 223 |
| EPS (Rs) | 3.77 | 3.36 | 3.20 | 4.21 | 2.37 | 2.15 | 3.30 | 3.22 | 2.40 | 2.13 | 4.16 | 3.28 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,968 | 1,792 | 2,497 | 3,283 | 3,258 | 3,938 | 5,379 | 5,725 | 5,430 | 5,348 | 5,361 | 5,788 |
| Expenses | 1,766 | 1,512 | 1,914 | 2,512 | 2,654 | 2,820 | 3,539 | 4,627 | 4,131 | 4,189 | 4,138 | 4,571 |
| Operating Profit | 218 | 291 | 598 | 790 | 625 | 1,137 | 1,870 | 1,135 | 1,330 | 1,194 | 1,254 | 1,252 |
| OPM % | 11.0% | 16.1% | 24.1% | 24.0% | 19.1% | 29.0% | 35.1% | 20.1% | 24.1% | 22.1% | 23.1% | 21.6% |
| Other Income | 14.02 | 16.03 | 6.01 | 9.01 | −3.01 | 48.06 | 175 | 93.13 | 129 | 109 | 82.06 | 106 |
| Interest | 253 | 260 | 264 | 254 | 213 | 116 | 20.07 | 20.09 | 60.23 | 55.18 | 58.19 | 63.26 |
| Depreciation | 126 | 120 | 132 | 133 | 137 | 109 | 105 | 124 | 141 | 155 | 178 | 184 |
| Profit before tax | −147 | −72.90 | 207 | 413 | 273 | 959 | 1,916 | 1,080 | 1,254 | 1,090 | 1,095 | 1,109 |
| Tax % | −32.0% | 1.0% | −3.0% | 37.0% | 34.9% | 31.9% | 24.0% | 26.9% | 26.0% | 25.9% | 26.9% | — |
| Exceptional items | 0.00 | 1.99 | −3.99 | 0.00 | −5.99 | 0.00 | 73.82 | −10.97 | 15.96 | 1.99 | −12.98 | −12.98 |
| Net Profit | −100 | −74.19 | 215 | 261 | 177 | 656 | 1,468 | 794 | 937 | 815 | 804 | 809 |
| EPS (Rs) | −1.34 | −1.05 | 2.94 | 3.57 | 2.36 | 9.05 | 20.78 | 11.24 | 13.75 | 12.10 | 11.91 | 11.97 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 10.0% | 12.0% | 7.0% | 7.0% | 17.0% | 8.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32.97 | 31.99 | 33.99 | 33.96 | 33.93 | 33.94 | 33.93 | 65.88 | 64.85 | 61.86 | 60.89 | 61.82 |
| Reserves | 892 | 762 | 663 | 887 | 1,133 | 1,342 | 1,997 | 3,240 | 3,832 | 4,423 | 4,835 | 5,731 |
| Borrowings | 2,030 | 1,999 | 2,206 | 2,115 | 1,878 | 1,690 | 892 | 426 | 316 | 51.77 | 308 | 441 |
| Other Liabilities | 782 | 610 | 340 | 403 | 454 | 405 | 539 | 1,143 | 933 | 993 | 937 | 1,040 |
| Total Liabilities | 3,736 | 3,404 | 3,243 | 3,439 | 3,498 | 3,471 | 3,464 | 4,877 | 5,144 | 5,529 | 6,141 | 7,273 |
| Fixed Assets | 2,394 | 2,280 | 2,319 | 2,255 | 2,239 | 2,261 | 2,006 | 1,523 | 2,057 | 2,351 | 2,721 | 3,408 |
| CWIP | 187 | 238 | 136 | 171 | 130 | 137 | 137 | 643 | 443 | 434 | 432 | 470 |
| Investments | 66.91 | 114 | 108 | 131 | 132 | 123 | 277 | 238 | 241 | 221 | 470 | 390 |
| Other Assets | 1,089 | 772 | 681 | 882 | 997 | 948 | 1,043 | 2,472 | 2,404 | 2,522 | 2,517 | 3,005 |
| Inventories | 417 | 408 | 303 | 431 | 614 | 555 | 502 | 870 | 807 | 897 | 929 | 922 |
| Trade receivables | 156 | 97.85 | 114 | 156 | 149 | 177 | 275 | 350 | 296 | 212 | 132 | 132 |
| Cash & equivalents | 105 | 98.16 | 51.06 | 52.08 | 39.03 | 29.03 | 51.09 | 576 | 801 | 871 | 695 | 1,146 |
| Total Assets | 3,736 | 3,404 | 3,243 | 3,439 | 3,498 | 3,471 | 3,464 | 4,877 | 5,144 | 5,529 | 6,141 | 7,273 |
| 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 | 15.01 | 451 | 550 | 551 | 968 | 1,330 | 962 | 1,043 | 895 | 1,157 |
| Cash from investing activity | −267 | −5.99 | 13.96 | −121 | −65.88 | −150 | −61.84 | −1,093 | −220 | −753 | −435 | −1,333 |
| Cash from financing activity | −279 | −374 | −21.01 | −354 | −491 | −401 | −899 | −233 | −246 | −679 | −250 | 156 |
| Net cash flow | 3.99 | −1.99 | 7.98 | −23.93 | −6.98 | 0.00 | 5.98 | 1.99 | 494 | −387 | 210 | −22.93 |
| Capex | 248 | 170 | 71.90 | 106 | 82.81 | 166 | 51.91 | 612 | 456 | 423 | 537 | 1,088 |
| Free cash flow | 304 | 327 | −38.03 | 346 | 475 | 387 | 930 | 725 | 513 | 626 | 361 | 76.03 |
| CFO / OP % | 159.0% | 176.0% | 6.0% | 79.0% | 81.0% | 100.0% | 98.0% | 93.0% | 111.0% | 100.0% | 95.0% | 113.0% |
| 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 | 24 | 18 | 23 | 23 | 17 | 20 | 25 | 24 | 19 | 14 | 9 | 9 |
| Inventory days | 105 | 111 | 99 | 113 | 124 | 113 | 101 | 134 | 89 | 112 | 115 | 125 |
| Days payable | 119 | 118 | 39 | 41 | 39 | 35 | 37 | 80 | 56 | 64 | 56 | 58 |
| Cash conversion cycle | 9 | 10 | 82 | 94 | 100 | 97 | 88 | 77 | 51 | 61 | 68 | 74 |
| Working capital days | −32 | −90 | 39 | 40 | 47 | 50 | 52 | 38 | 34 | 53 | 43 | 43 |
| ROCE % | 8.0% | 3.0% | 6.0% | 15.0% | 21.0% | 15.0% | 34.0% | 54.0% | 27.0% | 29.0% | 23.0% | 20.0% |
For the Jun 2026 quarter, Godawari Power and Ispat reported sales of ₹1,744 Cr, up 32.2% year on year and net profit of ₹223 Cr, up 2.9% year on year. The operating margin was 19.1%.
Godawari Power and Ispat's sales for the year to Mar 2026 were ₹5,361 Cr; over the last twelve months they were ₹5,788 Cr.
Net profit for the year to Mar 2026 was ₹804 Cr, and ₹809 Cr over the last twelve months. Earnings per share over the same trailing period were ₹11.97.
Godawari Power and Ispat reported borrowings of ₹441 Cr at Mar 2026, against cash and equivalents of ₹1,146 Cr.
Cash from operations was ₹1,157 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹76.03 Cr.