Godawari Power & Ispat Limited (GPIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-17.7%

₹158.28

vs ₹192.34 price

Levered DCF

₹137.08

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	20.6×	14.42×	9.94×	5.71×	3.43×	3.91×	2.21×	3.61×
P/B	2.84×	2.38×	2.08×	1.16×	1.52×	1.2×	0.28×	0.78×
P/S	3.07×	2.14×	1.69×	0.79×	0.93×	0.62×	0.11×	0.27×
EV / EBITDA	11.83×	9.1×	6.54×	3.72×	2.92×	2.86×	3.3×	3.54×
Gross margin	39.6%	45.4%	46.4%	41.5%	55.2%	52.8%	44.1%	44.2%
Operating margin	20.0%	40.0%	42.3%	37.9%	52.4%	49.4%	39.9%	40.6%
Net margin	14.9%	14.8%	16.9%	13.8%	27.2%	16.2%	5.1%	7.6%
Current ratio	3.04×	2.42×	3.23×	2.45×	1.91×	2.5×	2.06×	1.9×
Debt / equity	0.08×	0.06×	0.01×	0.08×	0.13×	0.44×	1.28×	1.61×
Interest coverage	18.38×	39.49×	39.38×	106.84×	143.73×	17.01×	6.19×	5.34×
Dividend yield	0.4%	0.7%	0.6%	2.5%	1.3%	0.7%	0.0%	0.0%
Payout ratio	7.9%	9.8%	5.5%	14.4%	4.4%	2.7%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.8%	16.5%	20.8%	20.3%	44.3%	31.5%	12.6%	21.6%
Return on invested capital	11.9%	29.5%	36.1%	35.3%	53.4%	41.5%	26.2%	26.3%
Return on assets	11.0%	13.2%	16.9%	15.4%	30.0%	18.5%	4.8%	7.2%
Free cash flow yield	1.2%	3.1%	6.6%	11.2%	14.2%	37.4%	104.5%	51.3%
Earnings yield	4.9%	6.9%	10.0%	17.5%	29.1%	26.2%	45.2%	27.7%
Enterprise value	₹157.9B	₹116.8B	₹93B	₹43.4B	₹54.6B	₹33.4B	₹20.6B	₹27.9B
Net debt / EBITDA	-0.53×	-0.02×	-0.05×	-0.16×	0.22×	0.76×	2.71×	2.39×
Cash conversion cycle (days)	75	78	69	58	91	19	97	100