Gallantt Ispat Limited
NSE: GALLANTT · Iron & Steel Products · sector
₹538.35NSE close 2026-10-26
Key numbers
Market cap₹12,989 cr
Price₹538.35
52w high / low₹948 / ₹496
P/E31.9xSector median 15.5x
P/B3.7xSector median 1.7x
Book value₹144.5
Dividend yield0.08%Sector median 0.60%
ROE12.4%Sector median 11.1%
ROCE14.2%Sector median 11.9%
OPM13.8%Sector median 6.7%
Debt / equity0.17xSector median 0.21x
EV/EBITDA20.8xSector median 11.8x
Interest cover12.9x
Current ratio2.71x
Sales growth 3y+3.1%Sector median +2.1%
Profit growth 3y+50.9%Sector median +13.0%
PEG0.63x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹526 cr vs borrowings ₹548 cr (FY26): borrowings are higher by ₹22 cr.
- Operating profit covered interest 12.9x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 2.05 percentage points in a year, to 70.98% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 19% of net profit in the last 12 months.
- Dividend paid in 2 of the last 5 financial years.
- Price ₹538.35 on 2026-10-26: -43.2% from the 52-week high, +8.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹889.25 · low ₹305.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,118 | 1,072 | 1,128 | 1,013 | 1,074 | 1,205 | 1,146 | 1,146 |
| EBITDA | 199 | 183 | 247 | 132 | 154 | 184 | 185 | 110 |
| OPM % | 17.8% | 17.1% | 21.9% | 13.0% | 14.3% | 15.3% | 16.2% | 9.6% |
| Other income | 1 | 12 | 7 | 13 | 15 | 25 | 18 | 18 |
| Net profit | 114 | 116 | 174 | 89 | 100 | 123 | 124 | 61 |
| EPS (₹) | 4.71 | 4.82 | 7.20 | 3.62 | 4.16 | 5.09 | 5.13 | 2.51 |
| Revenue YoY | -4.0% | +12.4% | +1.6% | +13.1% | ||||
| Profit YoY | -11.7% | +5.6% | -28.8% | -32.0% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,017 | 4,035 | 4,227 | 4,293 | 4,419 | 4,570 |
| EBITDA | 296 | 342 | 448 | 694 | 716 | 633 |
| Net profit | 176 | 141 | 225 | 401 | 484 | 407 |
| EPS (₹) | 21.62 | 5.84 | 9.34 | 16.61 | 20.07 | 16.89 |
| Revenue growth | +33.7% | +4.8% | +1.6% | +2.9% | +5.5% | |
| Profit growth | -19.9% | +59.9% | +77.8% | +20.8% | -17.3% | |
| Dividend / share (₹) | – | – | – | 1.00 | 1.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.1% | +34.4% | +5.5% |
| Net profit | +50.9% | +42.9% | -17.3% |
| EPS | +50.9% | +14.9% | – |
| Share price | – | +28.1% (2y) | -2.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,225 | 2,451 | 2,843 | 3,316 |
| Borrowings | – | 538 | 462 | 378 | 548 |
| Cash & equivalents | – | 11 | 12 | 280 | 526 |
| Total assets | – | 2,949 | 3,136 | 3,548 | 4,270 |
| Fixed assets | – | 1,458 | 1,757 | 1,697 | 1,773 |
| Capital work in progress | – | 316 | 122 | 318 | 349 |
| Investments | – | 2 | 43 | 18 | 3 |
| Receivables | – | 137 | 109 | 90 | 178 |
| Inventory | – | 433 | 439 | 436 | 551 |
| Payables | – | 64 | 57 | 91 | 172 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 234 | 96 | 344 | 579 | 602 |
| Cash from investing | -209 | -225 | -248 | -460 | -627 |
| Cash from financing | -19 | 126 | -102 | -114 | 121 |
| Capex | 285 | 227 | 199 | 242 | 348 |
| Free cash flow | -51 | -132 | 145 | 337 | 254 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.3% | 9.2% | 14.1% | 14.6% |
| ROCE % | – | 9.7% | 11.7% | 18.3% | 16.7% |
| Debtor days | – | 12 | 9 | 8 | 15 |
| Inventory days | – | 48 | 48 | 51 | 63 |
| Payable days | – | 7 | 6 | 11 | 20 |
| Cash conversion cycle (days) | – | 53 | 51 | 48 | 58 |
| Working capital days | – | 41 | 50 | 82 | 110 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.98% |
| FIIs | 0.03% |
| DIIs | 0.09% |
| of which Mutual funds | 0.08% |
| Government | 0.00% |
| Public (non-institutions) | 28.90% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 68.93% | 68.93% | 68.93% | 68.93% | 69.83% | 70.00% | 70.03% | 70.98% |
| Promoter group | % |
|---|---|
| Gallantt Trust | 60.05% |
| Dinesh Kumar Agarwal | 5.81% |
| CP Agrawal Daughters Trust | 2.07% |
| Gallantt Industry Private Limited | 1.10% |
| Smriti Agrawal | 1.04% |
| Nitin Kandoi | 0.19% |
| Shyama Agrawal | 0.17% |
| Madhu Agrawal | 0.08% |
| Pallavi Agrawal | 0.08% |
| Priya Saraff | 0.08% |
| Priyanka Gupta | 0.08% |
| UMA Agrawal | 0.08% |
| OM Prakash Jalan | 0.05% |
| Sumesh Kumar Agarwal | 0.04% |
| Maanaav Dineshkumar Agarwal | 0.03% |
| Public holders above 1% | % |
|---|---|
| Nihon Impex Private Limited | 17.60% |
| Shweta Gupta | 3.81% |
| Ashwin Gupta | 1.28% |
30,573 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| MAHSEAMLES | ₹7,148 cr | 9.7x | 1.0x | 11.2% | 14.2% | 15.0% | -6.5% | 1.87% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-23 | Dividend | Dividend - Rs 2 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 1.25 Per Share |
| 2024-09-23 | Dividend | Dividend - Re 1 Per Share |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-08-23 | Other | Annual General Meeting |
| 2020-09-02 | Other | Annual General Meeting |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Rs 0.25 Per Sh |
| 2018-09-18 | Dividend | Annual General Meeting/Dividend Re 0.25 Per Share |
| 2017-09-18 | Other | Annual General Meeting |
| 2016-09-16 | Other | Annual General Meeting |
| 2015-09-18 | Other | Annual General Meeting |
| 2014-09-01 | Other | Annual General Meeting |
| 2013-09-11 | Other | Annual General Meeting |
| 2012-09-17 | Other | Annual General Meeting |
| 2011-09-20 | Other | Annual General Meeting |
| 2010-09-15 | Other | Annual General Meeting |
| 2009-09-15 | Other | Annual General Meeting |
| 2008-09-09 | Other | Annual General Meeting |
| 2007-09-18 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and Metal Products
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | GALLANTT |
| BSE code | 532726 |
| ISIN | INE297H01019 |
| Face value | ₹10.0 |
| Incorporated | 2005-02-07 |
| Website | www.gallantt.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.