Gallantt Ispat share price today

Gallantt Ispat Ltd.'s share price was ₹529.15 at the close on 4 November 2026. It has been falling for 9 weeks. That is 11.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹504 and ₹869, and at that close it sat 7% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Gallantt Ispat Ltd. is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +1,757% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: promoters raised their stake for 4 quarters in a row, lowest operating margin in 8 quarters and number of shareholders up 43% in a year.

1. Promoters raised their stake for 4 quarters in a row

   From 68.9% to 71% of the company by the September 2026 quarter.

2. Lowest operating margin in 8 quarters

   Operating margin was 10% in the September 2026 quarter, against 13% a year earlier.

   Why: The margin fell because planned maintenance shut parts of the plant and a turbine outage at Gorakhpur lasted longer, which cut output.

   Next results: check whether Gorakhpur output and profit per ton recover as shutdown effects fade and the new capacity settles.

   From the earnings call on 21 Oct 2026.

3. Number of shareholders up 43% in a year

   30,573 shareholders in the September 2026 quarter, against 21,372 a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Gallantt Ispat reported revenue of ₹1,146 crore, up 13.1% from ₹1,013 crore a year earlier, and a profit of ₹61.0 crore, down 31.5% from ₹89.0 crore.

Gallantt Ispat results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Gallantt Ispat's management discussed these results on a call held on 21 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Gallantt Ispat closed at ₹529.15 on 4 November 2026, down 4.3% from ₹552.85 a year earlier (7 November 2025) and up 608.8% over five years. Its highest weekly close since March 2016 was ₹869.25 on 8 May 2026.

Gallantt Ispat share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

545 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Gallantt Ispat closed at ₹529.15, down 5.2% on the week and down 0.2% on the month. 21 Oct 2026: Gallantt Ispat held its results call for July to September 2026. Management guided: Gorakhpur restart within a week; expanded capacity planned around Nov 10 and 85-90% utilization by end-December, with full potential in Q4/part Q3 and inventory normalizing on restart.

Earlier

• Results for July to September 2026: Revenue up 13.1% and profit down 31.5% on a year earlier.
• 23 Sep 2026: ex-date for a dividend of ₹2 a share.

Gallantt Ispat paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.38% at the ₹529.15 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 23 September 2026.

Gallantt Ispat dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Gallantt Ispat Ltd. paid out 10% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 21 October 2026, Gallantt Ispat's management guided: Gorakhpur restart within a week; expanded capacity planned around Nov 10 and 85-90% utilization by end-December, with full potential in Q4/part Q3 and inventory normalizing on restart.

“We would rather come to you with a plan that is concrete and fully worked out than one that is still taking shape. We therefore intend to present our growth plan in Q4 FY27.”Deendayal Jalan, on the call for July to September 2026

What management guided

• Siddhpur solar to resume by November; Prayagraj solar remains on track for January to March 2027, with combined annual power-cost savings of ₹30-40 crore.
• Iron-ore mines planned for FY28; operating profit addition of about ₹2,000 per ton, with the full contribution ramping over 1-2 years after startup.
• Coal-block due diligence to conclude in about a month before a proceed decision; operation would take about 2-3 years after proceeding.
• Medium-term growth plan to be presented in January to March 2027; the greenfield opportunity depends on land acquisition and state incentives.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 21 October 2026.

When Gallantt Ispat reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Gorakhpur output and operating profit per ton rebound as shutdown effects fade and commissioning settles.

Gallantt Ispat is on 2 of our India lists: Small & mid cap stocks and Copper & metal stocks.

Gallantt Ispat Ltd. earned ₹61.0 Cr of net profit in the Sep 2026 quarter, −31.5% on the same quarter a year earlier. Full-year FY26 profit was ₹484 Cr. Over 10 years profit has grown 26.5% a year on average. That is 5.3% of the quarter's revenue. The same quarter a year earlier earned ₹89.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹484 Cr (+20.7% on the year before).

Why profit moved: revenue changed +13.1% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −16.6% and revenue +5.8%. Profit is growing slower than sales: rising costs are taking part of the growth.

Gallantt Ispat Ltd. reported ₹1,146 Cr of revenue in the Sep 2026 quarter, +13.1% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 20.8% a year on average. The last full year, FY26, came in at ₹4,419 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,571 Cr.

FY26 revenue was ₹4,419 Cr, +2.9% on the year before.

Recent pace: the last four quarters grew +5.8% on average, against 20.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +5.5%, against +2.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −17.2%, against +13.3% a year (rolling over).

Gallantt Ispat Ltd.'s operating margin was 10.0% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 12 years it has been between 3.7% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.4 percentage points on the year while gross margin changed −4.4 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 137% of Gallantt Ispat Ltd.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹602 Cr of operating cash against ₹484 Cr of profit. After ₹210 Cr of spending on assets, ₹392 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 137% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Gallantt Ispat Ltd.'s cash cycle, the days between paying suppliers and getting paid by customers, was 58 days in FY26, down from 66 days in FY21. It spent ₹632 Cr on assets over the last 3 years. Customers take 15 days to pay, and stock sits for 63 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,419 Cr, each day of that cycle ties up about ₹12.1 Cr, so roughly ₹702 Cr is tied up in the business at any time.

FY26: customers took 15 days to pay and stock sat for 63 days, about 2.1 months of sales sitting as stock, for a full cycle of 58 days, shorter than FY21's 66.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 63 days. Customers pay about 15 days after that. Suppliers are paid at 20 days. Together that makes the 58-day cycle.

Spending on assets: ₹632 Cr over the last 3 years, against ₹366 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹349 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Gallantt Ispat Ltd.'s P/E is 31.3×, near the high end of its own history: higher than 89% of past readings. Its usual P/E (the middle reading) is 9.7×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.