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Chhattisgarh-based steel producer making sponge iron, pellets and wire rods, with captive power and mining.
Chhattisgarh-based steel producer making sponge iron, pellets and wire rods, with captive power and mining.
Mines its own iron ore, turns part of it into pellets and sponge iron, and sells billets, wire rod and pellets, so profit depends on the gap between steel and pellet prices and its low cost of ore and power. Surplus pellets are sold to other steelmakers.
In one line: A small, vertically integrated Indian steelmaker.
Moat: narrow (scale, installed base). Backward integration into captive iron ore and power gives cost advantages in steel production.
Headquarters: Raipur, India · Founded: 1999 · Employees: 6,998
Size Godawari Power & Ispat (GPIL.NS) is an India Materials company (Steel) with a market value of $1.49B, the 472nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹208.95 on 6 Nov 2026.
Performance Over six months the shares fell 31.4%, against -23.4% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 8.4% over the last twelve months (peer median +0.3%); the operating margin is 18.6% (peer median 3.7%).
Valuation It trades at 12.5× forward earnings against a peer median of 23.4× (4th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.2 points below its cost of capital (16.0% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹58.1B | ₹53.8B | ₹53.8B | ₹54.6B | ₹57.5B |
| Revenue growth | — | 0% | -1% | -5% | — |
| Gross profit | ₹22.3B | ₹13.2B | ₹12.4B | ₹14.3B | ₹13.5B |
| EBITDA | ₹12.6B | ₹13.1B | ₹12.2B | ₹13.7B | ₹11.6B |
| Net income | ₹8.07B | ₹8.01B | ₹8.12B | ₹9.35B | ₹7.93B |
| Free cash flow | n/a | ₹1.96B | ₹3.89B | ₹6.37B | ₹5.42B |
| Capital expenditure | n/a | ₹10.9B | ₹5.38B | ₹4.23B | ₹4.56B |
| Total debt | n/a | ₹4.43B | ₹3.11B | ₹516M | ₹3.17B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Godawari Power & Ispat GPIL.NS | $1.49B | -31% | +8% | 19% | 12.5× | 21.7% |
| Sarda Energy & Minerals SARDAEN.NS | $1.63B | -27% | -2% | 26% | n/a | 10.6% |
| Jindal Steel JINDALSTEL.NS | $12.6B | -7% | +26% | 10% | 21.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GPIL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.5% | -5.3% | 5th highest of 21 |
| 6-month return | -31.4% | -23.4% | 5th lowest of 21 |
| Distance from 52-week high | -34.7% | -42.0% | 9th highest of 21 |
| Revenue growth (TTM) | +8.4% | +0.3% | 6th highest of 21 |
| Operating margin | 18.6% | 3.7% | 3rd highest of 21 |
| Forward P/E | 12.5× | 23.4× | 4th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 21.7% | 9.9% | 4th most demanding of 13 |
| Growth delivered (Del g) | +6.3% | +11.3% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +15.3 pp | -2.1 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | -2.2 pp | -2.0 pp | 11th highest of 21 |
| EV / EBITDA | 11.1× | 9.8× | 3rd most expensive of 7 |
| Net debt / EBITDA | -0.6× | 0.8× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Godawari Power & Ispat GPIL.NS | India | $1.49B | -31% | +8% | 19% | 12.5× | 21.7% | +6.3% |
| Suzhou Hesheng Special Material 002290.SZ | China | $1.51B | -50% | +1% | 7% | 42.2× | 34.8% | +7.1% |
| Dalian Huarui Heavy Industry 002204.SZ | China | $1.43B | -28% | +5% | 4% | n/a | -3.8% | +13.9% |
| Ryerson RYZ | United States | $1.43B | +1% | +53% | 1% | 10.6× | n/a | n/a |
| Fangda Special Steel Technology 600507.SS | China | $1.38B | -32% | +8% | 3% | 23.4× | n/a | n/a |
| Gallantt Ispat GALLANTT.NS | India | $1.36B | -38% | +6% | 11% | n/a | 39.6% | +16.0% |
| Sarda Energy & Minerals SARDAEN.NS | India | $1.63B | -27% | -2% | 26% | n/a | 10.6% | +20.9% |
| Chongqing Iron & Steel 601005.SS | China | $1.63B | -17% | -12% | -13% | n/a | n/a | n/a |
| HBIS Resources 000923.SZ | China | $1.33B | -19% | -5% | 0% | 52.4× | n/a | n/a |
| YODOKO 5451.T | Japan | $1.31B | +1% | -2% | 6% | n/a | 0.3% | +6.0% |
| Jindal Saw JINDALSAW.NS | India | $1.70B | +4% | -1% | 6% | 22.7× | 17.5% | +10.9% |
| Impro Precision Industries 1286.HK | Hong Kong | $1.30B | -52% | +20% | 18% | 11.4× | -1.6% | +11.7% |
| China Nonferrous Metal Industry's Foreign Engineering and Construction 000758.SZ | China | $1.72B | -17% | +42% | 7% | n/a | 9.1% | +8.4% |
| Sichuan Anning Iron and Titanium 002978.SZ | China | $1.72B | -22% | -10% | 41% | 18.4× | 6.1% | +4.2% |
| Yongjin Technology 603995.SS | China | $1.28B | +22% | +11% | 2% | 12.1× | n/a | n/a |
| Liuzhou Iron & Steel 601003.SS | China | $1.28B | -29% | 0% | 1% | 28.2× | -0.3% | +4.7% |
| Gansu Jiu Steel Group Hongxing Iron & Steel 600307.SS | China | $1.25B | -25% | -6% | -5% | n/a | n/a | n/a |
| Bengang Steel Plates 000761.SZ | China | $1.25B | -26% | -2% | -10% | n/a | n/a | n/a |
| NMDC Steel NSLNISP.NS | India | $1.23B | -10% | +42% | 3% | n/a | 20.8% | +41.6% |
| Fushun Special Steel 600399.SS | China | $1.22B | -25% | +6% | -5% | 102.8× | n/a | n/a |
| Ratnamani Metals & Tubes RATNAMANI.NS | India | $1.83B | -13% | -16% | 14% | 31.8× | 27.4% | +14.4% |