Godawari Power and Ispat logo

Godawari Power and Ispat share price

NSE: GPILBSE: 532734Industrial ProductsSmall Cap

Godawari Power and Ispat limited · Face value ₹1 · Listed Apr 2006
Last close ₹193.22down ₹1.03 (0.53%)BSE ₹193.60

Share price at the NSE close on 28 Oct 2026. Previous close ₹194.25.

28 Oct: open ₹192.55, high ₹196.00, low ₹191.50

52-week range of traded prices to 28 Oct 2026
₹189.15Low, 23 Oct 2026₹320.00High, 20 May 2026
Market cap
₹13,008 Cr364th largest listed
P/E
16.12
P/B
2.24
Dividend yield
0.52%
ROE
15.1%
ROCE
17.2%
Debt to equity
0.07
Volume, NSE
6,71,66651.9% delivered

Godawari Power and Ispat share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−28.2%over a year · Nifty Smallcap 100 +1.2% · Nifty 500 −8.8%

ResultsDividend20-session average 10,89,781 shares a day, 51.1% delivered

About Godawari Power and Ispat

Godawari Power and Ispat Limited is a Chhattisgarh-based steel and energy company that mines its own iron ore and turns it into pellets, steel products and ferro alloys, using power from its own plants.12 It sells mainly to industrial customers, for use in construction and infrastructure, power transmission and renewable energy, and steelmaking.31

Its products are iron ore pellets, sponge iron (iron made by heating ore with coal, used to make steel), steel billets, M.S. rounds and wire rods, H.B. wire, galvanised fabricated structures, rolled structural sections and silico-manganese ferro alloys.45 The galvanised structures go into power transmission towers and solar mounting frames, and H.B. wire into pre-stressed concrete railway sleepers and poles.56 It runs an integrated plant at Siltara and rolling mills at Siltara and Urla, in Raipur, and mines iron ore in Kanker district and the Boria Tibu area.67 Its subsidiaries Hira Ferro Alloys Limited and Alok Ferro Alloys Limited make ferro alloys, and its wholly owned subsidiary Godawari New Energy Private Limited, in Maharashtra, is set up to make battery energy storage systems (large batteries that store power for later use) and has not yet started operations.8910

It was incorporated on 21 Sep 1999 and started commercial operations on 17 Apr 2001.11 Its subsidiary Godawari Energy Limited was merged into the company with effect from 23 Mar 2026.12

The company's founder, B.L. Agrawal, is its chairman and managing director, and the promoter group held 63.18% of its shares at 30 Jun 2026.1314

Godawari Power and Ispat key points

Results

  • In the quarter to Jun 2026, consolidated revenue rose 32% to ₹1,750 crore from ₹1,323 crore; EBITDA (earnings before interest, tax, depreciation and amortisation) rose 3% to ₹334 crore and profit 3% to ₹222 crore.1516
  • In the year to Mar 2026, consolidated revenue was ₹5,380.65 crore against ₹5,375.73 crore a year earlier, EBITDA ₹1,253 crore against ₹1,194 crore, and profit after tax ₹802 crore.17
  • The company's consolidated net cash was ₹837 crore at the end of March 2026: cash and bank balances of ₹1,145 crore against debt of ₹427 crore.18
  • In the quarter to Jun 2026, iron ore mining fell for lack of space to dump overburden (waste rock) while tree-cutting permission on added land was delayed, so the company bought more market ore, raising input costs.19

Products and sales

  • Iron ore pellet sales rose 15% to 18,80,815 tonnes in the year to Mar 2026, at an average of ₹9,724 a tonne at the plant gate.20

Plants and capacity

  • The Siltara pellet plant, 4.7 million tonnes a year including a 2 million tonne natural gas-fired plant added in December 2025, ran at 77% of capacity in the quarter to Jun 2026.212223
  • The company's 2 magnetite (an iron-rich ore) mines in Chhattisgarh, Ari Dongri (6 million tonnes a year) and Boria Tibu (0.7 million tonnes), hold 165 million tonnes of proven reserves (ore confirmed as minable).2425
  • Other capacity at Siltara, a year23
    Itemquarter to Jun 2026
    Sponge iron0.65 million tonnes
    Steel billets0.525 million tonnes
    Rolling mill0.2 million tonnes
    H.B. wire0.115 million tonnes
  • The group's captive power plants, including those of its subsidiary Hira Ferro Alloys, have 190 MW of solar, 48.91 MW of waste heat recovery (power from hot waste gases), 28.5 MW of biomass and 1.5 MW of wind.2627

Expansion and capital spending

  • In its presentation of 8 Aug 2026, the company said its ₹325 crore, 5.4 million tonne beneficiation plant (which removes waste to raise ore quality) is on track for the quarter to Dec 2026; ₹218 crore was spent by 30 Jun 2026.282930
  • In its presentation of 8 Aug 2026, the company said it plans to build its 0.7 million tonne cold rolling mill (rolls steel into thin sheet) near Sambhajinagar, Maharashtra, instead of Chhattisgarh, at ₹1,100 crore including ₹550 crore of debt, by December 2027.31
  • In its presentation of 8 Aug 2026, the company said its ₹1,425 crore, 20 gigawatt-hour (a unit of stored energy) battery energy storage system project in Maharashtra is expected to start in the quarter to Jun 2027; ₹501 crore was spent by 30 Jun 2026.32
  • As of its presentation of 8 Aug 2026, the company had put a planned 1 million tonne integrated steel plant and a 250 MW solar plant on hold. A 100 MW solar plant was due by September 2026; its documents give no outcome.3334

What the company expects

  • In its presentation of 8 Aug 2026, the company said its Vision 2030 targets are revenue of ₹24,000 crore, EBITDA of ₹3,500 crore and profit of ₹2,500 crore; on its call of 10 Aug 2026 it said the on-hold steel plant was removed from them.3536
  • On its earnings call of 10 Aug 2026, the company said it expects mining to rise from October once a pending state approval for added land arrives, reaching full capacity around the end of the year to Mar 2027; its documents give no outcome.37
  • On its earnings call of 10 Aug 2026, the company said it aims to source all pellet plant ore from its own mines in the year to Mar 2028 and to cut its mining cost from between ₹3,000 and ₹3,500 to below ₹2,700.3839
  • In its presentation of 8 Aug 2026, the company said it expects to mine 3.4 million tonnes of iron ore in the year to Mar 2027 (0.54 million tonnes in the quarter to Jun 2026), and kept it on its call of 10 Aug 2026.4041

Recent events

  • On 17 Oct 2026, the company formed Godawari Energy Solutions Private Limited, a wholly owned subsidiary in Maharashtra, to build and run battery storage, renewable energy and power projects.4243
  • On 13 Oct 2026, the company cut its stake in Jammu Pigments Limited, an associate (a large minority holding), from 39.99% to 38.27%, part of a planned ₹49.99 crore partial sale.44
  • On 29 Aug 2026, the company said production had resumed at its 2.0 million tonne pellet plant at Siltara, suspended since July, after market conditions improved.45
  • On 27 May 2026, CRISIL reaffirmed the company's credit rating (a view of ability to repay) at AA-/Stable for long-term bank loans, outlook revised from Positive, and A1+ for short-term loans.46

Last updated

All 46 sources, each with its page
  1. 1. Annual report, 25 Aug 2026, page 12
  2. 2. Annual report, 25 Aug 2026, page 58
  3. 3. Annual report, 25 Aug 2026, page 59
  4. 4. Annual report, 25 Aug 2026, page 55
  5. 5. Annual report, 25 Aug 2026, page 14
  6. 6. Annual report, 25 Aug 2026, page 13
  7. 7. Annual report, 25 Aug 2026, page 38
  8. 8. Annual report, 25 Aug 2026, page 82
  9. 9. Annual report, 25 Aug 2026, page 83
  10. 10. Investor presentation, 8 Aug 2026, page 30
  11. 11. Annual report, 25 Aug 2026, page 186
  12. 12. Annual report, 25 Aug 2026, page 80
  13. 13. Annual report, 25 Aug 2026, page 18
  14. 14. Investor presentation, 8 Aug 2026, page 34
  15. 15. Investor presentation, 8 Aug 2026, page 15
  16. 16. Investor presentation, 8 Aug 2026, page 8
  17. 17. Annual report, 25 Aug 2026, page 55
  18. 18. Annual report, 25 Aug 2026, page 30
  19. 19. Investor presentation, 8 Aug 2026, page 9
  20. 20. Annual report, 25 Aug 2026, page 40
  21. 21. Investor presentation, 8 Aug 2026, page 20
  22. 22. Annual report, 25 Aug 2026, page 31
  23. 23. Investor presentation, 8 Aug 2026, page 30
  24. 24. Investor presentation, 8 Aug 2026, page 29
  25. 25. Investor presentation, 8 Aug 2026, page 30
  26. 26. Investor presentation, 8 Aug 2026, page 28
  27. 27. Annual report, 25 Aug 2026, page 32
  28. 28. Investor presentation, 8 Aug 2026, page 5
  29. 29. Investor presentation, 8 Aug 2026, page 19
  30. 30. Investor presentation, 8 Aug 2026, page 24
  31. 31. Investor presentation, 8 Aug 2026, page 21
  32. 32. Investor presentation, 8 Aug 2026, page 23
  33. 33. Investor presentation, 8 Aug 2026, page 10
  34. 34. Investor presentation, 8 Aug 2026, page 22
  35. 35. Investor presentation, 8 Aug 2026, page 25
  36. 36. Earnings call, 10 Aug 2026, page 7
  37. 37. Earnings call, 10 Aug 2026, page 12
  38. 38. Earnings call, 10 Aug 2026, page 8
  39. 39. Earnings call, 10 Aug 2026, page 11
  40. 40. Investor presentation, 8 Aug 2026, page 17
  41. 41. Earnings call, 10 Aug 2026, page 9
  42. 42. Exchange filing, 17 Oct 2026, page 1
  43. 43. Exchange filing, 17 Oct 2026, page 2
  44. 44. Exchange filing, 14 Oct 2026, page 1
  45. 45. Exchange filing, 29 Aug 2026, page 1
  46. 46. Exchange filing, 27 May 2026, page 1

Results

Consolidated; ₹ crore.Godawari Power and Ispat quarterly results

Revenue growth, 12 months
+8.4%
Net profit growth, 12 months
+8.9%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,750 Crup 8.71%
Net profit
₹222 Crdown 20.65%
Net margin
12.7%

Revenue by quarter

₹1,268 CrSep 24₹1,298 CrDec 24₹1,468 CrMar 25₹1,323 CrJun 25₹1,308 CrSep 25₹1,139 CrDec 25₹1,610 CrMar 26₹1,750 CrJun 26
Peak revenue ₹1,750 Cr, quarter to Jun 2026; lowest ₹1,139 Cr, quarter to Dec 2025

Net profit by quarter, a loss in red

₹159 CrSep 24₹145 CrDec 24₹222 CrMar 25₹216 CrJun 25₹162 CrSep 25₹143 CrDec 25₹280 CrMar 26₹222 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,2681,2981,4681,3231,3081,1391,6101,750
Net profit159145222216162143280222
Net margin12.6%11.2%15.1%16.4%12.4%12.6%17.4%12.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, STEEL, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2018 and Mar 2022: days before it are of the company before the change.Godawari Power and Ispat PE ratio and valuation

Price to earnings

At or below today's level on 78% of 2,082 trading days since Nov 2017.

LowestHighest
Its median7.80Industry median17.54
Price to book

At or below today's level on 59% of 1,981 trading days since Oct 2018.

LowestHighest
Its median1.88Industry median1.53
Dividend yield

At or below today's level on 61% of 2,464 trading days over the last 10 years.

LowestHighest
Its median0.38%Industry median0.43%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+49.6%−1.4%+51.4%0.4%
3 years+57.3%+5.0%+49.3%0.6%
5 years+50.6%+6.8%+40.0%1.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Godawari Power and Ispat shareholding pattern

Shareholding by group

  • Promoters63.17%
  • Foreign institutions5.36%
  • Indian institutions4.36%
  • Individuals and others27.11%
Holder
N P AGRAWALPromoter6.43%
VINAY AGRAWALPromoter5.70%
BAJRANG LAL AGRAWAL HUF ( KARTA BAJRANG LAL AGRAWAL)Promoter5.37%
HIRA INFRA TEK LIMITEDPromoter5.04%
PRAKHAR AGRAWALPromoter3.81%
DINESH AGRAWALPromoter3.61%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.01 pts, foreign institutions −0.64 pts, Indian institutions +1.26 pts, mutual funds +1.23 pts.

The filing reports 13,61,000 of its 67,32,38,965 shares locked in.

Mutual fund holdings

60 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 54 of the 58 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 60 funds holding Godawari Power and Ispat

Added
24
Cut
34
Held unchanged
2
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Godawari Power and Ispat insider trading

Bought on the market Sold on the market
  • Directors and key managers1 purchase, 0 sales₹0.94 CrNo saleNet₹0.94 Cr2 off-market moves
  • Promoters and promoter group: no market trade · 6 off-market moves
  • Employees: no market trade · 29 off-market moves
  • Others: no market trade · 8 pledge filings of unclear kind · 3 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Godawari Power and Ispat competitors and peers

Iron & Steel Products, 146 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Godawari Power and Ispat in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Shyam Metalics and Energy logoShyam Metalics and EnergySHYAMMETL31,952–2.77+22.8%––11.8%0.39%
Ratnamani Metals & Tubes logoRatnamani Metals & TubesRATNAMANI16,19137.403.94−16.3%−24.1%11.2%13.2%0.43%
Jindal Saw logoJindal SawJINDALSAW15,41528.101.22−0.7%−60.1%4.4%6.7%0.83%
Usha Martin logoUsha MartinUSHAMART14,14327.894.28+8.5%+25.4%16.8%18.8%0.81%
Gallantt Ispat logoGallantt IspatGALLANTT12,96231.813.72+5.5%−17.3%12.4%12.3%0.37%
Jayaswal Neco Industries logoJayaswal Neco IndustriesJAYNECOIND8,68212.612.62+18.3%+82.8%23.4%25.3%0.00%
Maharashtra Seamless logoMaharashtra SeamlessMAHSEAMLES7,2389.821.05−12.2%–11.2%8.4%1.85%
Sunflag Iron and Steel Company logoSunflag Iron and Steel CompanySUNFLAG7,10434.520.80+9.0%+4.6%2.3%3.9%0.25%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Godawari Power and Ispat dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 17Mar 18Mar 19Mar 200.9Mar 212.0Mar 220.8Mar 231.3Mar 241Mar 251Mar 26
Highest ₹1.95 a share, year to Mar 2022.
Ex-dateTypePer share
14 Aug 2026Final₹1.00
14 Aug 2025Final₹1.00
16 Aug 2024Final₹5.00
16 Aug 2024Special₹1.25
18 Aug 2023Final₹4.00
25 Aug 2022Final₹8.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Godawari Power and Ispat announcements

Godawari Power and Ispat share price by year

Each calendar year to 2025.Godawari Power and Ispat share price history

YearClose at year endChangeHighest closeLowest close
2025266.07+31.7%283.74151.53
2024202.08+33.5%235.58133.03
2023151.37+102.9%151.3768.33
202274.61+34.5%95.9145.08
202155.49+133.8%88.7322.63
202023.74+104.7%24.094.23
201911.60−20.8%14.366.37
201814.65−14.7%29.9012.61
201717.16+483.3%18.072.97
20162.94−15.8%3.852.42
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026191.60196.68190.98194.25193.597,79,32252.2%
26 Oct 2026191.60194.72189.50190.74191.209,35,55256.9%
23 Oct 2026199.54199.99189.15192.34191.9611,03,73648.3%
22 Oct 2026200.50201.20195.10199.54198.2110,75,88651.8%
21 Oct 2026207.24208.68199.29200.86202.957,62,02552.7%
19 Oct 2026213.00213.90206.16207.22209.205,12,82448.7%
16 Oct 2026207.30214.63206.00211.61211.3710,08,25238.9%
15 Oct 2026209.99210.24206.26207.24208.335,00,14045.1%
14 Oct 2026207.41211.00206.60209.09209.166,58,50454.8%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
4 Oct 2024Split0.2000Each share became 5.
23 May 2022Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
26 Oct 2021Bonus0.5000Holders received 1 bonus share for every 1 held.
26 Oct 2021Split0.5000Each share became 2.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson and managing director
Bajrang Lal Agrawal
At the end of the quarter to Jun 2026
NSE symbol
GPIL
BSE code
532734
ISIN
INE177H01039
Industry
Industrial Products
CIN
L24100CT1999PLC013756
Corporate identity number, the registrar of companies' code for it
Incorporated
1999
Registered office
428/2 Phase I Siltara Indl Area, Raipur 493111, Chhattisgarh
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments