In , Godawari Power & Ispat Ltd (Mining/Minerals - Iron Ore) is outperforming Nifty 500 with +18.6% relative strength. Fundamentals: Weak. On a 12-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Apr 18, 2026
What: Mining Capacity: 6 million tons
“GPIL has received much awaited environment clearance from Ministry of Environment... for more than doubling the iron ore mining capacity of Ari Dongri mine from 2.35 million to 6 million tons.”
What: Pellet Capacity: 4.7 million tons
“additional 2 million ton iron ore pellet plant has commissioned and operations commenced in December '25, with commissioning of GPIL total pellet manufacturing capacity to more than 1.7x.”
What: BESS Capacity: 20 gigawatt
Impact: INR 5,000 Cr Revenue
“company has decided to venture into manufacturing of battery energy storage system with an initial capacity of 20 gigawatt... commissioning of BESS project is targeted for Q4 FY '27.”
What: Cash Reserve: INR 1,000 crores
“So our capex in the next financial year... with our strong balance sheet of around 10,000 -- INR1,000 crores of cash reserve and debt tie up.”
What: CRM Capacity: 0.7 million tons
Impact: 8-10% EBITDA Margin
“Progress on 0.7 million tons CRM complex remain on track... Commissioning targeted for March '27.”
What: Iron ore mining production growth of 46% Y-o-Y.
“Operating momentum remained strong in Q3 FY '26 on Y-o-Y basis, with iron ore mining production increasing 46%, while iron ore pellet and value-added product remained steady.”
What: INR 700 crores → INR 1,025 crores
“company has decided to venture into manufacturing of battery energy storage system with an initial capacity of 20 gigawatt with a capex of INR1,025 crores.”
Earnings deceleration risks from management commentary
Trigger: Global and domestic market trends leading to lower prices for intermediate and finished products.
Management view: Focus on operational efficiency and high-grade product premiums to negate price pressure.
Monitor: commodity
Trigger: Change in government regulations regarding labor classification and salary structures.
Impact: PAT impact: INR 7-8 crores annually
Management view: Management considers the impact minimal and will comply from the next financial year.
Monitor: regulatory
Trigger: Unforeseen incident resulting in loss of life and production volume.
Impact: PAT impact: 1.5 tons of volume lost (per Q2 call)
Management view: Maintenance shutdown preponed to utilize the closure period; plant now operational.
Monitor: labor
Key quotes from recent conference calls
“On the operational performance front, GPIL is well on track to meet its FY '26 production target despite the loss of production of pellet for about 40 days. [Previous Pellet Production Target guidance]”
“On the battery storage side... you can consider revenue of INR5,000 crores... anything between INR12,000 crores to INR15,000 crores will be the turnover from FY '28. [Initiative: Battery Energy Storage System (BESS) Manufacturing]”
“GPIL is also expanding its solar -- captive solar capacity by over 3x from 165 megawatt current to 540 megawatt to support captive consumption. [Initiative: Solar Power Expansion]”
“Board has approved disinvestment of its entire 37.85% stake in Ardent Steel... for an approximate value of INR91 crores. This transaction is expected to be completed by March '26. [Initiative: Disinvestment of Ardent Steel Stake]”
Headline numbers from the latest earnings call
Other Highlights
• Iron ore mining production increased 46% Y-o-Y in Q3 FY26.
• Value-added steel products sales grew 15% Y-o-Y.
• Additional 2 million ton iron ore pellet plant commissioned in December '25.
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Iron Ore Mining Production
Not Given
Why: Strong operating momentum and capacity ramp-up.
Pellet Sales Volume Change (9M)
Not Given
Why: Higher production and sales despite the Q3 temporary decline.
Ari Dongri Mining Capacity Target
6 million tons
Why: Environmental clearance received for expansion.
Total Pellet Manufacturing Capacity
4.7 million tons
Why: Commissioning of new pellet plant in December 2025.
Captive Solar Power Capacity Target
540 MW
Why: Expansion to support captive consumption across mines and plants.
Imported Coal Cost (Q4)
INR 11,000
Why: Forward buying ensures stable costs despite currency depreciation.
BESS Revenue Guidance (FY28)
INR 5,000 Cr
Why: New 20 gigawatt manufacturing line venture.
CRM EBITDA Margin Guidance
8-10%
Why: Conservative initial estimates to establish market presence.
Forward-looking targets from management for FY28
OPM Guidance
8%
Capex Plan
₹2000 Cr
INR 12,000 crores to INR 15,000 crores
EBITDA margin guidance for the CRM complex and BESS project.
INR 2,000 crores
Solar capacity expansion, BESS, and CRM projects.
Mining capacity expansion target.
Guidance Changes
BESS Project Capex: INR 700 crores → INR 1,025 crores
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -12% | 0% | Stable |
| PAT (Net Profit) | -1% | -18% | Inflection Down |
| OPM | 19.0% | +200 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Godawari Power & Ispat Ltd's latest quarterly results (Dec 2025) show
Godawari Power & Ispat Ltd's profit is declining with an inflecting downward trend.
Godawari Power & Ispat Ltd's revenue growth trend is stable.
Godawari Power & Ispat Ltd's operating margin is volatile.
Godawari Power & Ispat Ltd's long-term compounding rates
Godawari Power & Ispat Ltd's earnings growth is inflecting downward with negative momentum on a sequential basis.
Godawari Power & Ispat Ltd's trailing twelve month (TTM) performance
Godawari Power & Ispat Ltd appears significantly overvalued based on our fair value analysis.
Godawari Power & Ispat Ltd's current PE ratio is 26.7x.
Godawari Power & Ispat Ltd's current PE is 26.7x.
Godawari Power & Ispat Ltd's price-to-book ratio is 3.8x.
Godawari Power & Ispat Ltd is rated Weak with a fundamental score of 34/100. This score is calculated from objective financial metrics
Godawari Power & Ispat Ltd has a debt-to-equity ratio of N/A.
Godawari Power & Ispat Ltd's return ratios over recent years
Godawari Power & Ispat Ltd's operating cash flow is positive (FY2025).
Godawari Power & Ispat Ltd's current dividend yield is 0.34%.
Godawari Power & Ispat Ltd's shareholding pattern (Mar 2026)
Godawari Power & Ispat Ltd's promoter holding has decreased recently.
Godawari Power & Ispat Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Godawari Power & Ispat Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
Godawari Power & Ispat Ltd has 7 key growth catalysts identified from recent earnings analysis
Godawari Power & Ispat Ltd has 3 key risks worth monitoring
In Q3 FY26, Godawari Power & Ispat Ltd's management highlighted
Godawari Power & Ispat Ltd's management has provided the following forward guidance for FY28
Godawari Power & Ispat Ltd's most important sub-sector-specific KPIs from the latest concall
Based on quantitative research signals, here is why Godawari Power & Ispat Ltd may be worth studying
Godawari Power & Ispat Ltd investment thesis summary:
Godawari Power & Ispat Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
