Godawari Power and Ispat

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• DebtHigh safetyRated AA- by CRISIL.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 32% and profit rose 2.8% from a year earlier.
• DilutionSmall dilutionIssued 2.7 lakh new shares in the last year, raising ₹5 Cr.
• PromotersSteadyThe promoters (founders or parent) own 63% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 16 times its yearly earnings (P/E), pricier than 71% of the time in the last 5 years. Its usual P/E is about 7.

Godawari Power and Ispat against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)16 against a typical 18.9: cheaper than most peers (1st = cheapest).62nd of 146
• Sales growth+32.3% against a typical +13.1% from a year earlier.27th of 117
• Profit growth+2.8% against a typical +26.2% from a year earlier.70th of 105
• Share price, 3 months−21.8% against a typical −4.5%.122nd of 134
• Size₹ 12,774 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).6th of 135

Exchange filings and their impact on the company.

• 28 Oct 2026General UpdatesLow impactPositivePrice −0.5% that day
  GPIL gets nod to run SMS at 575,000 MTPA, adding 50,000 tonnes of billets capacity with immediate effect.

  Godawari Power & Ispat received Consent to Operate from Chhattisgarh Environment Conservation Board for expanding its Steel Melting Shop capacity from 525,000 MTPA to 575,000 MTPA at Siltara, Raipur. The 50,000 tonne increase is effective immediately. The company said the extra billets capacity will allow 100% captive use of its sponge iron, aiding value addition and operating margins.

  Full analysisFiling
• 17 Oct 2026AcquisitionLow impactPositivePrice −2.1% on 19 Oct
  GPIL set up a Rs 1-lakh WOS to enter battery-storage and renewable EPC, with no near-term financial impact.

  Godawari Power and Ispat incorporated a wholly owned subsidiary, Godawari Energy Solutions Private Limited, in Maharashtra on October 17, 2026. The subsidiary starts with Rs 1 lakh capital (10,000 shares of Rs 10 each) fully held by GPIL and will pursue EPC and O&M work in battery energy storage, renewable energy and power infrastructure. With only nominal initial capital and no orders disclosed, there is no near-term financial impact, but it creates a dedicated vehicle for future clean-energy EPC growth.

  Full analysisFiling
• 14 Oct 2026UpdatesLow impactPositivePrice +0.8% that day
  GPIL sold another 3.35 lakh JPL shares for Rs 10 cr, cutting its stake to 38.27% in a small non-core cash realization.

  Godawari Power & Ispat has transferred another 335,100 shares in its associate Jammu Pigments on 13 October 2026 for Rs 10 crore, at the agreed fair value of Rs 298.45 per share. This is the second tranche of a planned sale of 16.75 lakh shares worth Rs 49.99 crore, after an earlier transfer of 7.74 lakh shares. Post this transfer, GPIL's stake in Jammu Pigments has reduced from 39.99% to 38.27%, bringing in a small amount of cash from a non-core investment.

  Full analysisFiling
• 8 Oct 2026Allotment of SecuritiesLow impactPositivePrice −4.1% that day
  Allotted 2.72 lakh shares on warrant conversion, raising Rs 5 cr with negligible 0.04% dilution.

  Godawari Power & Ispat allotted 2,72,000 equity shares of Re 1 each on 8 Oct 2026 on conversion of warrants by Shree Nakoda Pipe Impex Private Limited. The warrants were part of a 2.04 crore preferential warrant issue at Rs 245 each, and the company received Rs 183.75 per warrant (75% balance), totalling Rs 4.998 crore. Issued capital rose to 67.35 crore shares; the impact is tiny with about 0.04% dilution, but the conversion at a premium to market price adds cash to equity.

  Full analysisFiling
• 6 Oct 2026General UpdatesMedium impactPositivePrice +3.6% that day
  Subsidiary gets environment clearance to build a 20 GWh battery storage plant in Maharashtra.

  Godawari Power and Ispat said its wholly owned subsidiary Godawari New Energy received a fresh environment clearance on 5 October 2026 for construction of an industrial building at AURIC Bidkin, Chhatrapati Sambhaji Nagar, Maharashtra. The clearance is for setting up a Battery Energy Storage System facility of 20 GWh capacity. This removes a key approval hurdle to start construction, with no revenue expected in the next 12 months while capex ramps up, but it marks a major diversification into new energy.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Bajrang Lal Agrawal

Chairman-Cum Managing Director

Sanjay Bothra

Chief Financial Officer

Yarra Chandra Rao

Compliance Officer, Company Secretary

Abhishek Agrawal

Whole Time Director

Dinesh Kumar Agrawal

Whole Time Director

Siddharth Agrawal

Whole-Time Director

Dinesh Kumar Gandhi

Whole-Time Director