# Godawari Power and Ispat (GPIL) — Stock analysis > Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/gpil ## Current market snapshot - Exchange: NSE - Country: India - Price: ₹208.4 - Change: +0.62% - As of: 2026-11-06 - 1D return: +0.62% - 5D return: +8.07% - 1M return: +1.35% - Latest complete quarter: fy27_q1 ## Faxioms Analysis _As of 2026-11-06_ ### Technical Outlook GPIL (₹208.40) presents a conflicting technical picture as of November 6, 2026. The daily trend is bearish, with the price trading below the Supertrend and key moving averages (50-period EMA/SMA, 200-period SMA), despite sitting above the 20-period EMA and SMA. This structure is reinforced by the weekly horizon, which shows a bearish Supertrend and declining slopes for both short- and long-term averages. However, the monthly chart remains bullish, with the price above the Supertrend and strong momentum (ADX 46.38). Recent activity includes a high-severity upward anomaly on November 4 (+6.8% return, wide intraday range) and elevated participation on November 5 (volume ratio 1.93), suggesting potential accumulation or volatility near support. The stock is positioned in the lower-middle of its 50-day range (+29.2%) but near the upper end of its 20-day range (+75.5%), indicating recent short-term strength within a longer-term downtrend. Risk remains elevated with an annualized volatility of +38.6% and a current drawdown of -31.9%. Immediate resistance lies at ₹209.14 (pivot, +0.35%) and ₹210.25 (high, +0.89%). Support is found at ₹203.77 (-2.22%) and ₹200.44 (-3.82%). A sustained move above the weekly Supertrend and confirmation of higher highs would be required to validate a shift toward the monthly bullish bias. - Trend Conflict: Daily and weekly trends are bearish (price below Supertrend and major MAs), while the monthly trend remains bullish (price above Supertrend, ADX 46.38). - Recent Momentum: High-severity upward anomalies on Nov 4 (+6.8% return) and Nov 5 (volume ratio 1.93) signal increased participation and volatility. - Key Levels: Resistance at ₹209.14 (pivot, +0.35%) and ₹210.25 (high, +0.89%); Support at ₹203.77 (-2.22%) and ₹200.44 (-3.82%). - Risk Profile: Current drawdown is -31.9% with annualized volatility at +38.6%; price is in the lower-middle of its 50-day range (+29.2%) but upper end of its 20-day range (+75.5%). - Bullish Engulfing Reversal - Outside Bar - Doji - Harami ### News Context Godawari Power & Ispat (GPIL) has scheduled key investor engagement events for mid-November 2026, signaling a focus on communication ahead of its Q2FY27 earnings. A conference call with analysts and institutional investors is set for Monday, 16 November 2026, at 12:00 noon IST, while management will also attend the Avendus Spark INDX Annual Investor Conference in Mumbai on Tuesday, 17 November 2026. The company confirmed that no unpublished price-sensitive information will be shared during these interactions. In corporate finance news, GPIL disclosed an amendment to an inter-corporate loan facility involving its subsidiary, Hira Ferro Alloys Limited (HFAL), and Deccan Gold Mines Limited (DGML). The repayment tenure for the ₹20.00 Crore loan was extended from 31 October 2026 to 31 March 2027, with all other terms remaining unchanged. Market data as of 6 November 2026 shows the stock trading at ₹208.40, with a market capitalization of approximately ₹13,943.45 Crore. Technical indicators reflect near-term bearish momentum, with the daily Supertrend direction negative and short-term moving averages sloping downward. However, the monthly trend remains bullish. The stock has experienced significant volatility over the past year, posting a -22.6% return over 12 months and a current drawdown of -31.9%, though it has seen a modest +0.6% gain in the last day. - GPIL has scheduled a Q2FY27 earnings conference call for 16 November 2026 and participation in the Avendus Spark INDX conference on 17 November 2026, with management confirming no unpublished price-sensitive information will be disclosed. - Subsidiary Hira Ferro Alloys Limited extended the repayment tenure of a ₹20.00 Crore inter-corporate loan to Deccan Gold Mines Limited from 31 October 2026 to 31 March 2027. - As of 6 November 2026, GPIL shares closed at ₹208.40, reflecting a -22.6% one-year return and a current drawdown of -31.9%, despite a bullish monthly technical trend. - Daily technical indicators show bearish momentum, with the Supertrend direction negative and resistance levels identified at ₹209.14 and ₹210.25. - Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates - GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL - Godawari Power and Ispat limited has informed the Exchange regarding 'Updates on Grant of Inter Corporate Loan of Rs. 20.00 Crore from surplus fund by Hira Ferro Alloys Limited (HFAL) A Subsidiary Company and part of Promoter Group of Godawari Power and Ispat Limited (GPIL) to Deccan Gold Mines Limited (DGML). |SUBJECT: Updates ### What Changed Godawari Power & Ispat (GPIL) has scheduled a concentrated investor engagement window for mid-November 2026, signaling upcoming disclosure of financial performance. On 5 November 2026, the company filed notices with the NSE and BSE confirming two key events: a conference call on 16 November 2026 at 12:00 noon IST to discuss Q2FY27 earnings, and physical participation in the Avendus Spark INDX Annual Investor Conference in Mumbai on 17 November 2026. These filings explicitly state that no unpublished price-sensitive information will be shared during these interactions. Market pricing reflects this near-term catalyst context. As of the observation date of 6 November 2026, GPIL’s shares traded at ₹208.40, up from the previous recorded level of ₹206.85. This represents a marginal increase of ₹1.55, or approximately 0.75%, indicating stable but slightly positive sentiment ahead of the scheduled earnings discussion and analyst meets. - Earnings Call Scheduled: GPIL will hold a conference call on 16 November 2026 at 12:00 noon IST to discuss Q2FY27 earnings results. - Conference Participation: Management will attend the Avendus Spark INDX Annual Investor Conference in Mumbai on 17 November 2026, conducting both one-on-one and group sessions. - Price Movement: The stock closed at ₹208.40 on 6 November 2026, reflecting an increase of ₹1.55 (approx. 0.75%) from the prior reference price of ₹206.85. - Disclosure Status: Filings confirm that no unpublished price-sensitive information will be disclosed during the upcoming investor interactions. - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172431_GPILNSEBSECONCALL05112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172601_GPILNSEBSEANNUALINVESTORCONFERENCE05112026.pdf) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174731224.xml) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174612219.xml) ### Official Filings Godawari Power and Ispat Limited (GPIL) has scheduled its Board Meeting for November 13, 2026, to approve the Unaudited Financial Results for the quarter ended September 2026. This event is a primary catalyst for retail investors, as it will reveal the company’s recent operational performance and financial health. Concurrently, GPIL has announced a conference call on November 16, 2026, and participation in the Avendus Spark INDX Annual Investor Conference on November 17, 2026, providing platforms for management to discuss these results with analysts and institutional investors. In corporate actions, GPIL completed the third tranche of its partial divestment in associate company Jammu Pigments Limited (JPL) on November 3, 2026. The transfer of 3,67,200 shares for Rs 10.95 Crores reduced GPIL’s stake from 38.27% to 36.38%. Additionally, GPIL extended the repayment tenure of a Rs. 20.00 Crore inter-corporate loan granted by its subsidiary, Hira Ferro Alloys Limited, to Deccan Gold Mines Limited, moving the maturity date from October 31, 2026, to March 31, 2027. These disclosures highlight ongoing portfolio adjustments and liquidity management within the promoter group. - Board Meeting on November 13, 2026, to approve Q2FY27 (Quarter ended Sept 2026) Unaudited Financial Results. - Investor engagement scheduled: Conference call on November 16, 2026, at 12:00 noon IST; Avendus Spark INDX Conference on November 17, 2026, in Mumbai. - Completed third tranche of divestment in Jammu Pigments Limited (JPL): Sold 3,67,200 shares for Rs 10.95 Crores, reducing stake to 36.38% from 38.27%. - Extended repayment tenure of Rs. 20.00 Crore inter-corporate loan from subsidiary HFAL to Deccan Gold Mines Limited to March 31, 2027. - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172431_GPILNSEBSECONCALL05112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172601_GPILNSEBSEANNUALINVESTORCONFERENCE05112026.pdf) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174731224.xml) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174612219.xml) - [Godawari Power and Ispat limited has informed the Exchange regarding 'Updates on Grant of Inter Corporate Loan of Rs. 20.00 Crore from surplus fund by Hira Ferro Alloys Limited (HFAL) A Subsidiary Company and part of Promoter Group of Godawari Power and Ispat Limited (GPIL) to Deccan Gold Mines Limited (DGML). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GPIL_03112026172417_GPILNSEBSEDGML03112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange regarding 'Updates on Disposal of Stake in Jammu Pigments Limited, An Associate Company of GPIL.'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GPIL_03112026172639_GPILNSEBSEJPL03112026.pdf) - [Financial Results/Other business matters |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/GPIL_02112026171002_GPILNSEBSEPRIORINTIMATIONOFBM02112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/GPIL_02112026171956_GPILNSEBSEINTIMATIONOFTRADINGWINDOWCLOSURE02112026.pdf) - [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) ### Fundamentals Godawari Power & Ispat (GPIL) reported ₹1,750.47 crore in revenue for Q1 FY2026-27, a sequential increase from the previous quarter's ₹1,610.27 crore. However, profitability contracted significantly: Net Profit fell to ₹222.37 crore from ₹280.23 crore, and Profit Before Tax dropped to ₹296.63 crore from ₹378.14 crore. This decline occurred despite a sequential decrease in Other Expenses to ₹333 crore, while Finance Costs rose slightly to ₹20.33 crore. Historically, GPIL has demonstrated strong cash conversion, with CFO/EBITDA reaching 112% in Mar 2026, and robust long-term returns, evidenced by a 5-year ROE of 23%. The balance sheet shows continued expansion, with Fixed Assets growing to ₹3,424 crore and Borrowings rising to ₹443 crore by Mar 2026. While promoter holding remains stable at ~63%, institutional interest is shifting, with DIIs increasing their stake to 4.36% while FIIs reduced theirs to 5.36% by Sep 2026. The key tension lies between the company's asset growth and recent margin compression. The most critical checkpoint for the next period is whether the company can sustain revenue momentum while managing finance costs and other expenses to restore profit margins, particularly given the rising borrowings and inventory days (124 days as of Mar 2026). - Q1 FY2026-27 Revenue increased sequentially to ₹1,750.47 crore, but Net Profit declined to ₹222.37 crore from ₹280.23 crore in Q4 FY2025-26. - Profit Before Tax fell to ₹296.63 crore from ₹378.14 crore, driven by higher finance costs (₹20.33 crore) despite lower other expenses (₹333 crore). - Long-term financial health remains strong with 5-year ROE of 23% and improving cash conversion (CFO/EBITDA at 112% in Mar 2026), though borrowings rose to ₹443 crore. - Institutional ownership shifted in favor of DIIs (4.36%) over FIIs (5.36%) by Sep 2026, while promoter holding stayed stable around 63%. ### Bear Case Godawari Power & Ispil (GPIL) exhibits significant technical weakness and elevated volatility as of 6 November 2026. The stock is trading at ₹208.4, reflecting a sharp deterioration over the past year with a -22.6% return and a year-to-date decline of -21.8%. Over the last six months, the loss deepened to -31.6%, accompanied by a current drawdown of -31.9% against a maximum historical drawdown of -37.6%. Daily trend indicators are bearish, with the Supertrend signaling downside pressure and moving averages (20-day and 50-day) showing negative slopes of -2.92 and -4.42 respectively. High annualized volatility of +38.6% underscores substantial price instability. While monthly trends remain bullish, the immediate daily and weekly setups suggest near-term selling pressure, with resistance clustered tightly between ₹209.14 and ₹210.25. - Severe medium-term underperformance: Returns stand at -22.6% over one year, -21.8% year-to-date, and -31.6% over six months. - Bearish daily momentum: Supertrend direction is bearish; 20-day EMA slope is -0.86 and 50-day SMA slope is -4.42, indicating sustained downward pressure. - Elevated risk profile: Annualized volatility is +38.6% with a current drawdown of -31.9%, highlighting high price sensitivity and recent peak-to-trough losses. - Tight resistance ceiling: Immediate resistance levels are located at ₹209.14 (+0.35%) and ₹210.25 (+0.89%), limiting upside potential in the near term. - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172431_GPILNSEBSECONCALL05112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172601_GPILNSEBSEANNUALINVESTORCONFERENCE05112026.pdf) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174731224.xml) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174612219.xml) - [Godawari Power and Ispat limited has informed the Exchange regarding 'Updates on Grant of Inter Corporate Loan of Rs. 20.00 Crore from surplus fund by Hira Ferro Alloys Limited (HFAL) A Subsidiary Company and part of Promoter Group of Godawari Power and Ispat Limited (GPIL) to Deccan Gold Mines Limited (DGML). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GPIL_03112026172417_GPILNSEBSEDGML03112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange regarding 'Updates on Disposal of Stake in Jammu Pigments Limited, An Associate Company of GPIL.'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GPIL_03112026172639_GPILNSEBSEJPL03112026.pdf) - [Financial Results/Other business matters |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/GPIL_02112026171002_GPILNSEBSEPRIORINTIMATIONOFBM02112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/GPIL_02112026171956_GPILNSEBSEINTIMATIONOFTRADINGWINDOWCLOSURE02112026.pdf) - [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) ### FAQs **What upcoming events should investors monitor for GPIL?** GPIL has scheduled a conference call with analysts and institutional investors on Monday, 16 November 2026, at 12:00 noon IST to discuss Q2FY27 earnings. Additionally, management will participate in the Avendus Spark INDX Annual Investor Conference in Mumbai on Tuesday, 17 November 2026. The company confirmed that no unpublished price-sensitive information will be shared during these interactions. **Has there been any recent change in the company's lending activities?** Yes. GPIL disclosed an amendment to an inter-corporate loan facility agreement between its subsidiary, Hira Ferro Alloys Limited (HFAL), and Deccan Gold Mines Limited (DGML). The repayment tenure for the ₹20.00 Crore loan was extended from the original maturity date of 31 October 2026 to 31 March 2027. All other terms remain unchanged. **How is GPIL performing technically over different timeframes?** As of 6 November 2026, daily and weekly trends are bearish, with the stock trading at ₹208.40. However, the monthly trend remains bullish. The stock has declined -22.6% over the past year and -31.6% over six months, with a current drawdown of -31.9%. Key resistance levels are near ₹209.14 and ₹210.25, while support exists around ₹203.77 and ₹200.44. - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172431_GPILNSEBSECONCALL05112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/GPIL_05112026172601_GPILNSEBSEANNUALINVESTORCONFERENCE05112026.pdf) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174731224.xml) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174612219.xml) - [Godawari Power and Ispat limited has informed the Exchange regarding 'Updates on Grant of Inter Corporate Loan of Rs. 20.00 Crore from surplus fund by Hira Ferro Alloys Limited (HFAL) A Subsidiary Company and part of Promoter Group of Godawari Power and Ispat Limited (GPIL) to Deccan Gold Mines Limited (DGML). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GPIL_03112026172417_GPILNSEBSEDGML03112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange regarding 'Updates on Disposal of Stake in Jammu Pigments Limited, An Associate Company of GPIL.'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/GPIL_03112026172639_GPILNSEBSEJPL03112026.pdf) - [Financial Results/Other business matters |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/GPIL_02112026171002_GPILNSEBSEPRIORINTIMATIONOFBM02112026.pdf) - [Godawari Power And Ispat limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/GPIL_02112026171956_GPILNSEBSEINTIMATIONOFTRADINGWINDOWCLOSURE02112026.pdf) - [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) - [GODAWARI POWER AND ISPAT LIMITED has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) ## Technical analytics - As of: 2026-11-06 - Daily trend: Weak Uptrend - Weekly trend: Moderate Downtrend - Pivot point: ₹209.14 - Risk regime: Higher Price Risk ### Support levels - 186.62 - 180.49625 - 175.865 ### Resistance levels - 210.2475 - 214.63 - 246.429375 ### Return and range metrics | Metric | Value | | --- | --- | | return_1 | +0.62% | | return_10 | +8.35% | | return_1m | -4.83% | | return_1y | -22.64% | | return_20 | +1.35% | | return_3m | -14.86% | | return_5 | +8.07% | | return_6m | -31.58% | | return_since_start | -2.31% | | return_ytd | -21.83% | ### Risk and volatility metrics | Metric | Value | | --- | --- | | state | high_risk | | label | Higher price risk | | summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. | | maximum_drawdown | -37.64% | | annualized_volatility | +38.63% | ## Quarterly financials - Latest complete quarter: fy27_q1 # Revenue Reaches New High but Profit Margins Narrow as Costs Outpace Sales Godawari Power and Ispat reported its highest quarterly revenue in the last five quarters at ₹1,750.47 crore, up 32% from the same quarter last year. However, profit before tax rose only 3% over the same period and fell 22% from the previous quarter. The gap between revenue growth and profit growth points to cost pressures that compressed margins during the quarter. ## Revenue Growth to a Record Level Revenue from operations reached ₹1,750.47 crore, the highest among the last five quarters. This represents an 8.71% increase from the previous quarter (₹1,610.27 crore) and a 32.29% increase from the same quarter last year (₹1,323.25 crore). The sequential rise follows a period of quarterly volatility—revenue had dipped to ₹1,139.45 crore in Q3 before rebounding to ₹1,610.27 crore in Q4—and the current quarter extends that upward movement. ## Profitability Diverges from Revenue Growth Despite the record revenue, profit before tax (PBT) of ₹296.63 crore declined 21.56% from the previous quarter’s ₹378.14 crore. On a year-over-year basis, PBT rose only 3.2% from ₹287.42 crore, a fraction of the 32.29% revenue growth. Net profit followed a similar pattern: ₹222.37 crore versus ₹280.23 crore in Q4 (down 20.65%) and ₹216.41 crore a year ago (up 2.75%). Basic earnings per share of ₹3.59 reflects the same pattern—down 21.27% from ₹4.56 in Q4 and up 1.99% from ₹3.52 a year ago. ## Cost Structure and Margin Compression In the current quarter, cost of materials consumed was ₹973.56 crore, employee benefit expense was ₹92.35 crore, and depreciation and amortisation was ₹50.05 crore. Together these items represented approximately 64% of revenue. Other expenses of ₹333 crore grew 38.59% year over year from ₹240.27 crore, exceeding the 32.29% revenue growth rate. Finance costs of ₹20.33 crore rose 33.31% year over year from ₹15.25 crore, also outpacing revenue growth. These faster-growing costs contributed to the decline in profit margins. The PBT margin (PBT as a percentage of revenue) fell from 21.7% in the same quarter last year to 16.9% in the current quarter. The net profit margin declined from 16.4% to 12.7% over the same period. Sequentially, the PBT margin narrowed from 23.5% in the previous quarter to 16.9%. Other expenses declined from ₹349.47 crore to ₹333 crore, while finance costs increased from ₹19.45 crore to ₹20.33 crore. ## Share Capital Paid-up equity share capital increased marginally from ₹61.53 crore to ₹61.70 crore during the quarter. ## Management Commentary Godawari Power and Ispat reported strong operational performance in Q1 FY2027, with standalone revenue from operations at Rs.1,486.66 Cr and net profit at Rs.198.90 Cr. Management strategically expanded capacity by commissioning a 25 MW solar plant and a 6.91 MW waste heat recovery plant this quarter, enhancing its renewable energy footprint. Additionally, the company invested Rs.24.83 Cr in a battery energy storage system project through its subsidiary and into a cold rolling mill, signaling a focus on clean energy and downstream value addition. The company also raised Rs.25.05 Cr via convertible warrants, with the monitoring agency reporting no deviation from the stated objects, reflecting disciplined capital allocation. ## Key Takeaway Godawari Power and Ispat delivered its highest quarterly revenue in the last five quarters, but profit growth lagged significantly. Other expenses and finance costs grew faster than revenue on a year-over-year basis, compressing profit margins. The PBT margin fell to 16.9% from 21.7% a year ago and from 23.5% in the previous quarter. Paid-up equity share capital increased slightly. ### Ratios ## Shareholding pattern - Quarter: FY2027-Q2 - As of: 2026-09-30 - Promoter holding: +63.17% - FII holding: +5.36% - DII holding: +4.36% - Mutual fund holding: +3.58% - Retail holding: +16.86% - Promoter pledged: +0.00% ### Major reported shareholders - N P AGRAWAL — +6.43% - VINAY AGRAWAL — +5.70% - BAJRANG LAL AGRAWAL HUF ( KARTA BAJRANG LAL AGRAWAL) — +5.37% - HIRA INFRA TEK LIMITED — +5.04% (Bodies Corporate) - PRAKHAR AGRAWAL — +3.81% - DINESH AGRAWAL — +3.61% - HIRA FERRO ALLOYS LIMITED — +3.53% (Bodies Corporate) - BAJRANGLAL AGRAWAL (TRUSTEE - GPIL BENEFICIARY TRUST) — +3.34% (Trusts) - SIDDHARTH AGRAWAL — +3.32% - KUMAR AGRAWAL — +3.32% ## Official filings - 2026-11-05 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_05112026172431_GPILNSEBSECONCALL05112026.pdf) - 2026-11-05 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_05112026172601_GPILNSEBSEANNUALINVESTORCONFERENCE05112026.pdf) - 2026-11-05 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174731224.xml) - 2026-11-05 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2397_WebXMLFile_20261105_174612219.xml) - 2026-11-03 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_03112026172417_GPILNSEBSEDGML03112026.pdf) - 2026-11-03 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_03112026172639_GPILNSEBSEJPL03112026.pdf) - 2026-11-02 — Board Meeting Notice: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_02112026171002_GPILNSEBSEPRIORINTIMATIONOFBM02112026.pdf) - 2026-11-02 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_02112026171956_GPILNSEBSEINTIMATIONOFTRADINGWINDOWCLOSURE02112026.pdf) - 2026-11-02 — Board Meeting Notice: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) - 2026-11-02 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2397_WebXMLFile_20261102_172451257.xml) - 2026-11-02 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2397_WebXMLFile_20261102_172803568.xml) - 2026-10-28 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_28102026121810_GPILNSEBSECONSENTTOOPERATE28102026.pdf) - 2026-10-17 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2397_WebXMLFile_20261017_164059245.xml) - 2026-10-17 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_17102026163829_GPILNSEBSENEWINCORPORATIONGESPL17102026.pdf) - 2026-10-16 — Shareholding Disclosure: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1740157_16102026052513_WEB.xml) - 2026-10-14 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_14102026134016_GPILNSEBSEDISPOSALOFSTAKEINJPL.pdf) - 2026-10-14 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_14102026134203_GPILNSEBSECERTIFICATE_UNDER74_5_.pdf) - 2026-10-08 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_08102026152112_GPILNSEBSEWARRANTCONVERSION08102026.pdf) - 2026-10-08 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2397_WebXMLFile_20261008_154632534.xml) - 2026-10-06 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_06102026112731_GPILGNEPLNSEBSEEC06102026.pdf) - 2026-10-01 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_01102026170529_GPILNSEBSEREG30INCORPORATIONOFCOMPANY01102026.pdf) - 2026-10-01 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2397_WebXMLFile_20261001_171933441.xml) - 2026-09-29 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_29092026162927_GPILNSEBSEGNEPL29092026.pdf) - 2026-09-29 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_29092026163302_GPILNSEBSEANALYSTMEETGIA29092026.pdf) - 2026-09-29 — Generic Announcement: Godawari Power And Ispat limited — [Official attachment](https://nsearchives.nseindia.com/corporate/GPIL_29092026163041_GPILNSEBSESEBINEWSPAPER29092026.pdf) ## News and market events - 2026-09-29 — BUSINESSTODAY: **Godawari Power: From captive mining to BESS, company maps new growth and capex cycle** — Godawari Power, captive mining, BESS, company, growth, capex cycle, imported coal — [Source](https://www.businesstoday.in/markets/stocks/story/godawari-power-from-captive-mining-to-bess-company-maps-new-growth-and-capex-cycle-558407-2026-09-29) - 2026-09-25 — BUSINESS: **Godawari Power acquires 31.45-acre land at AURIC Bidkin Industrial, Maharashtra** — For setting up CRM project — [Source](https://www.business-standard.com/markets/capital-market-news/godawari-power-acquires-31-45-acre-land-at-auric-bidkin-industrial-maharashtra-126092500474_1.html) - 2026-08-25 — CNBC-TV18: **Hindustan Copper OFS looks overpriced, avoid it: GoIndiastocks' Rakesh Arora** — Rakesh Arora of GoIndiastocks.com says the Hindustan Copper stake sale is priced too high and expects aluminium and iron ore prices to fall over the next six months. He turned neutral on steel due to a margin squeeze from rising coking coal costs, but flagged iron ore pellet makers as a bright spot. — [Source](https://www.cnbctv18.com/market/stocks/hindustan-copper-ofs-overpriced-avoid-it-rakesh-arora-aluminium-alumina-steel-iron-ore-19976381.htm) - 2026-07-29 — The Hindu: **Sensex today | Stock Market Live: Sensex jumps 840 points, Nifty tops 24,230 as IT and FMCG stocks power rally** — Sensex, Nifty, Share Prices Live: Indian equities traded firmly higher at noon, buoyed by stronger-than-expected industrial production, renewed foreign fund inflows and broad-based buying in IT and consumer stocks, while investors awaited the U.S. Federal Reserve's policy decision amid rising crude prices and mixed global market cues. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-29-july-2026/article71276758.ece) ## Business profile **Strategic vision:** Manufactures steel and allied products from mining to finished goods. ### Business segments - **Mining:** GPIL possesses captive iron ore mines, serving as the foundational backbone for its integrated steel value chain and ensuring a consistent supply of raw materials. - **Steel:** As a steel manufacturer, GPIL focuses on integrated operations and sustainable practices to produce high-quality structural steel and value-added products. - **Energy:** The company integrates diverse energy sources for captive use, including both renewable and conventional power, to enhance energy efficiency and reduce environmental impact. - **Ferro Alloys:** Utilizing advanced facilities, GPIL manufactures high-quality ferro alloys, specifically silico manganese, crucial for strengthening steel. ### Competitive strengths - Vertical integration from mining to finished steel products. - Captive iron ore mines ensuring raw material supply. - Focus on sustainable practices and energy efficiency. ## Related stocks - [Belrise Industries Limited (Metals)](https://faxioms.com/stocks/belrise) — -2.14% - [Gallantt Ispat Limited (Metals)](https://faxioms.com/stocks/gallantt) — +0.19% - [Gujarat Mineral Development Corporation Limited (Metals)](https://faxioms.com/stocks/gmdcltd) — -0.77% - [Jindal Saw Limited (Metals)](https://faxioms.com/stocks/jindalsaw) — -3.17% - [Motherson Sumi Wiring India Limited (Metals)](https://faxioms.com/stocks/msumi) — -0.96% ## Freshness and sources - Data as of: 2026-11-06 - Source: Faxioms public stock analysis API Canonical: https://faxioms.com/stocks/gpil Markdown representation: https://faxioms.com/stocks/gpil?render=md