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India
As of 18 Sept 2026, 03:30 pm
Gallantt Ispat Limited's Board has recommended a final dividend of ₹ 2 per equity share for the fiscal year ended March 31, 2026. This recommendation is subject to approval from the shareholders at the Annual General Meeting. The record date for determining eligibility for this dividend is September 23, 2026.
Gallantt Ispat Limited's 22nd AGM is scheduled for September 30, 2026, to be held via video conference. The agenda includes the adoption of audited financial statements for the year ended March 31, 2026, the declaration of a final dividend of ₹ 2 per share, and the re-appointment of Executive Director Prem Prakash Agrawal. Shareholders will also vote on appointing M/s. Singhi & Co. as statutory auditors for a five-year term and approving material related party transactions with Gallantt Industry Private Limited and Gallantt Lifespace Private Limited.
As of September 18, 2026, the daily trend for Gallantt Ispat indicates a bearish Supertrend direction with the Supertrend indicator at 588.27. The closing price was ₹ 547.15, below the 20-day Exponential Moving Average (EMA) of ₹ 559.53 and the 50-day EMA of ₹ 589.34. Key support levels are identified around ₹ 536.23 and ₹ 522.47, while resistance is noted near ₹ 551.47 and ₹ 562.77.
As of September 18, 2026, Gallantt Ispat's stock has shown a Year-to-Date (YTD) return of 2% and a 1-year return of -18%. The stock has returned 2% over the last month, -5% over the last 3 months, and -26% over the last 6 months. Since its inception, the stock has delivered a return of 53%.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Upward price movement of 3.03 standard deviations recorded on 2026-09-03.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Profit Before Tax | ₹164.81 crore | ₹161.61 crore | ₹123.04 crore | ₹103.01 crore | PEAK₹216.37 crore |
| Tax Expense | ₹41.15 crore | ₹38.78 crore | ₹22.63 crore | ₹15.78 crore | PEAK₹42.58 crore |
| Profit Loss For Period | ₹123.67 crore | ₹122.83 crore | ₹100.41 crore | ₹88.93 crore | PEAK₹173.79 crore |
| Comprehensive Income For The Period | ₹124.19 crore | ₹123.56 crore | ₹100.06 crore | ₹87.78 crore | PEAK₹174.84 crore |
| Other Comprehensive Income | ₹52.18 lakh | ₹72.96 lakh | -₹34.76 lakh | -₹1.15 crore | PEAK₹1.05 crore |
| Basic Earnings Loss Per Share From Continuing Operations | ₹5.13 per share | ₹5.09 per share | ₹4.16 per share | ₹3.62 per share | PEAK₹7.20 per share |
Exchange disclosures and regulatory announcements for Gallantt Ispat.
Gallantt Ispat Limited dispatched web-link letters to non-email registered shareholders on September 7, 2026, pursuant to Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015. The correspondence provided access paths to the Annual Report and Notice for the 22nd Annual General Meeting scheduled for September 30, 2026, at 12:30 P.M. IST via video conferencing. Company Secretary Nitesh Kumar signed the intimation to facilitate shareholder access to financial documents for the fiscal year ended March 31, 2026.
Gallantt Ispat Limited will hold its 22nd Annual General Meeting on September 30, 2026, at 12:30 PM via video conferencing. The Board recommended a dividend of Rs. 2 per equity share for the financial year ended March 31, 2026, subject to member approval. The Register of Members will be closed from September 24 to September 30, 2026, with a record date of September 23, 2026, for dividend eligibility. Remote e-voting runs from September 27 to September 29, 2026.
Gallantt Ispat Limited announced its 22nd Annual General Meeting scheduled for September 30, 2026, to be conducted via video conference. The meeting agenda includes adopting audited financial statements for the year ended March 31, 2026, declaring a final dividend of Rs. 2 per share (20%), and re-appointing Executive Director Prem Prakash Agrawal. Additionally, shareholders will approve the appointment of M/s. Singhi & Co. as statutory auditors for a five-year term starting July 27, 2026, and authorize material related party transactions with Gallantt Industry Private Limited and Gallantt Lifespace Private Limited.
Gallantt Ispat Limited's 22nd Annual General Meeting will be held on September 30, 2026, via video conferencing. The Board recommended a final dividend of Rs. 2 per equity share (20% of face value Rs. 10) for FY ended March 31, 2026, subject to shareholder approval. The record date for dividend eligibility is September 23, 2026, and the book closure is from September 24 to September 30, 2026. Shareholders will vote on appointing M/s. Singhi & Co. as statutory auditors for a five-year term, approving material related party transactions with Gallantt Industry Private Limited and Gallantt Lifespace Private Limited, each up to Rs. 900 crore, and appointing cost auditors for FY ending March 31, 2027.
Gallantt Ispat Limited has informed the Exchange that Record date for the purpose of Dividend is 23-Sep-2026. |SUBJECT: Record Date
Gallantt Ispat Limited's Board of Directors recommended a dividend of Rs. 2 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the 22nd Annual General Meeting scheduled for September 30, 2026. The company has closed its register of members from September 24, 2026, to September 30, 2026, with a record date of September 23, 2026, to determine eligibility for the dividend and voting rights. Remote e-voting facilities are available from September 27, 2026, at 9:00 AM until September 29, 2026, at 5:00 PM.
Gallantt Ispat Limited will hold its 22nd Annual General Meeting on September 30, 2026, via video conference. Agenda items include adopting audited financials for FY2026, declaring a final dividend of Rs. 2 per share, re-appointing director Prem Prakash Agrawal, appointing M/s. Singhi & Co. as statutory auditors, and approving material related party transactions with Gallantt Industry Private Limited and Gallantt Lifespace Private Limited via special resolutions.
The company is the largest producer of Rebars in Uttar Pradesh with a 25% market share. It has obtained a Composite Licence for the Todupura Iron Ore Block in Rajasthan and has been declared a Preferred Bidder for two Iron Ore Blocks in Sonbhadra, Uttar Pradesh. The company is setting up an 18 MW Solar Power Plant in Gujarat, expected to be operational by August 2026, and a 62.5 to 80 MW solar plant in Prayagraj through its subsidiary. The Risk Management Committee was reconstituted on May 6, 2026, with new members appointed.
Recent market and company developments associated with Gallantt Ispat.
The government has initiated the second application phase for its coal gasification scheme. Seven projects applied in the first round, seeking support for various industrial products. This initiative aims to boost domestic production and reduce import dependency significantly. The scheme offers financial aid for establishing new coal gasification facilities. India currently holds sufficient coal stocks for its power generation needs.
Five companies have filed seven applications in the first round of the ₹37,500 crore scheme, which aims to build 25 gasification plants and curb import dependence
The Centre’s ₹37,500 crore scheme to promote coal and lignite gasification has received seven applications from five companies, including Adani Enterprises and state-run NTPC, following the closure of the first application window on September 7, said the Ministry of Coal on Tuesday
coal gasification, lignite gasification, Indian energy security, NTPC, Adani Enterprises, synthetic natural gas, urea production, Ministry of Coal, import substitution India, Rs 37500 crore scheme, coal conversion projects, Indian coal industry, energy import reduction
The government received seven applications for coal gasification projects following a ₹37,500 crore package approval to boost the industry.
Adani Enterprises, NTPC, coal gasification scheme
Seven applications were submitted for the government's coal gasification promotion scheme. Adani Enterprises submitted three separate applications for urea projects. The scheme aims to convert coal into higher-value products and reduce import dependence. The government targets 100 million tonnes of coal gasification capacity by 2030. The second round of applications opens soon with more expected proposals.
The Centre's ₹37,500 crore coal gasification scheme attracts seven applications, signaling strong industry interest in domestic coal conversion projects.
Comprehensive Section Breakdown for Gallantt Ispat
Strategic Vision: Manufactures steel, cement, and operates in real estate.
• Integrated mine-to-mill manufacturing process
• Captive power plant capacity
• Use of Ladle Refining Furnace (LRF) technology for enhanced steel quality
Gallantt Ispat's net profit for Q1 FY2026-27 fell to ₹123.67 crore, a 29% decline from ₹173.79 crore in the same quarter last year, even as revenue from operations increased 1.6% to ₹1,145.67 crore. This divergence points to significant margin compression. Sequentially from the preceding quarter, however, net profit was essentially flat (up 0.7%), and revenue declined 4.9%, suggesting the business has stabilized at lower profitability levels after the exceptionally profitable Q1 of last year.
Revenue from operations for Q1 FY2026-27 was ₹1,145.67 crore, 1.6% higher than the ₹1,127.78 crore reported in Q1 FY2025-26 but 4.9% lower than the ₹1,204.81 crore recorded in Q4 FY2025-26. Over the last five quarters, revenue has ranged between ₹1,012.75 crore and ₹1,204.81 crore, with the current quarter landing near the middle of that band.
Profit before tax (PBT) of ₹164.81 crore was 23.8% lower than the ₹216.37 crore in Q1 last year, though it increased 2.0% from ₹161.61 crore in Q4. The net profit of ₹123.67 crore followed a similar pattern: a 28.8% decline year-over-year but a 0.7% increase sequentially.
The year-over-year comparison reveals that the prior-year first quarter was an outlier. PBT in that quarter was ₹216.37 crore, the highest among the five quarters tracked. The subsequent quarters recorded PBT of ₹103.01 crore, ₹123.04 crore, and ₹161.61 crore, before the current quarter's ₹164.81 crore. The current quarter's performance is therefore a continuation of the recovery from the Q2 low, not a new deterioration.
The divergence between a 1.6% revenue increase and a 23.8% PBT decline year-over-year indicates that costs rose faster than revenue. The PBT margin fell from 19.2% in Q1 FY2025-26 to 14.4% in Q1 FY2026-27. The net profit margin dropped from 15.4% to 10.8% over the same period.
Sequentially, the margin story is more stable. PBT margin improved from 13.4% in Q4 FY2025-26 to 14.4% in the current quarter, and net profit margin rose from 10.2% to 10.8%. This suggests that the sharp margin compression occurred between Q1 and Q2 of the previous fiscal year, and margins have since fluctuated within a narrower range.
The effective tax rate increased from 19.7% in Q1 FY2025-26 to 25.0% in the current quarter, which amplified the net profit decline relative to the PBT decline. Tax expense of ₹41.15 crore was 3.4% lower than the ₹42.58 crore in Q1 last year, but the tax rate rose because the tax base (PBT) fell faster than the absolute tax amount.
Cost of materials consumed for the current quarter was ₹882.36 crore, representing 77.0% of revenue from operations. This reflects the significant raw material costs typical of an integrated steel manufacturer.
Other expenses of ₹89.57 crore increased 15.2% from ₹77.72 crore in Q1 FY2025-26, contributing to the year-over-year margin compression. However, other expenses decreased 20.5% from ₹112.72 crore in Q4 FY2025-26, a quarter where they were unusually elevated. The current quarter's level is between the Q1 and Q2 values of last year, suggesting a partial normalization after the Q4 spike.
Finance costs of ₹8.47 crore were 50.1% higher than the ₹5.65 crore in Q1 last year but 38.3% lower than the ₹13.72 crore in Q4. The sequential decline is notable and partially offsets the impact of higher other expenses when comparing the current quarter to the preceding quarter.
Gallantt Ispat's Q1 FY2026-27 performance marks a significant year-over-year profit decline despite marginally higher revenue, driven by cost increases that compressed margins from 19.2% to 14.4% at the pre-tax level. The effective tax rate also rose, widening the net profit decline to 29%. Sequentially, however, the quarter shows stability: revenue declined modestly from Q4 but profits held steady, and the key expense items of other expenses and finance costs both improved from their Q4 levels. The prior-year first quarter was the most profitable period in the five-quarter track, making the year-over-year comparison a story of normalization rather than a new deterioration.
Category: Manufacturing
The company is a prominent manufacturer of steel products, primarily focused on Thermomechanically Treated (TMT) rebars, with a product range including various TMT rebar grades utilized in construction.
Key Products & Services: Gallantt Advance Fe550D TMT Rebars
Category: Manufacturing
Gallantt Group has a diversified presence in the cement sector.
Category: Real Estate
Gallantt Group has a diversified presence in the real estate sector.
Core Thesis: The company leverages an integrated mine-to-mill manufacturing process across its steel operations, supported by captive power generation.
• Integrated Manufacturing: The steel manufacturing process encompasses a sponge iron unit, steel melt shop, rolling mill, and pellet plant, supported by a captive power plant. • Advanced Steel Production: Manufacturing facilities feature automated steel production, integrated raw material handling, and advanced quality control systems, including Ladle Refining Furnace (LRF) technology. • Diversified Operations: In addition to steel, the Gallantt Group has a presence in the cement and real estate sectors.