# Gallantt Ispat share price today (Gallantt Ispat Ltd., NSE: GALLANTT)

> Gallantt Ispat share price today: ₹526.05 at the NSE close on 3 November 2026, up 0.4% in a year. Gallantt Ispat (NSE: GALLANTT) is worth ₹12,694 crore, trades at a P/E of 31.1 and has closed between ₹503.75 and ₹869.25 over the past 52 weeks. > Gallantt Ispat Ltd. is reporting record margins. GALLANTT · Steel Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/gallantt-ispat-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹526.05 (+0.4% in a year)
- P/E: 31.1× (higher than 89% of the last 10 years)
- Revenue (Sep 2026): ₹1,146 Cr (+13.1% on a year ago)
- Profit (Sep 2026): ₹61.0 Cr (−31.5% on a year ago)
- Operating margin: 10.0% (−3.0 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 11.0%, against a 12.0% cost of capital: −1.0 points

The main question: promoters moved +2.0 percentage points over 8 quarters while the business went the other way. ## What is the Gallantt Ispat share price today? Gallantt Ispat Ltd.'s share price was ₹526.05 at the close on 3 November 2026. It has been falling for 9 weeks. That is 12.2% 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 6% of the way up from that low. 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 +1,746% 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. ## What changed at Gallantt Ispat this quarter? 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. ## What are Gallantt Ispat's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,146 crore | ₹1,013 crore | +13.1% |
| Profit | ₹61.0 crore | ₹89.0 crore | −31.5% |
| Earnings per share | ₹2.51 | ₹3.69 | −32.0% |
| Operating margin | 10.0% | 13.0% | −3.0 points |

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.)

## What is the Gallantt Ispat share price history? Gallantt Ispat closed at ₹526.05 on 3 November 2026, up 0.4% from ₹524.00 a year earlier (31 October 2025) and up 604.7% over five years. Its highest weekly close since March 2016 was ₹869.25 on 8 May 2026. ### Gallantt Ispat share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹541.85 | −2.9% |
| 1 month ago · 1 Oct 2026 | ₹530.15 | −0.8% |
| 6 months ago · 30 Apr 2026 | ₹861.85 | −39.0% |
| 1 year ago · 31 Oct 2025 | ₹524.00 | +0.4% |
| 3 years ago · 3 Nov 2023 | ₹93.70 | +461.4% |
| 5 years ago · 4 Nov 2021 | ₹74.65 | +604.7% |
| 10 years ago · 4 Nov 2016 | ₹44.70 | +1,076.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹28.50 | +1,745.8% |
| Highest weekly close since March 2016, also the 52-week high · 8 May 2026 | ₹869.25 | −39.5% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹20.45 | +2,472.4% |
| 52-week low (weekly close) · 9 Oct 2026 | ₹503.75 | +4.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (545 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Gallantt Ispat? 3 Nov 2026: Gallantt Ispat closed at ₹526.05, down 2.9% on the week and down 0.8% 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. ## What dividend does Gallantt Ispat pay? Gallantt Ispat paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.38% at the ₹526.05 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 23 September 2026. ### Gallantt Ispat dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 23 Sep 2026 | ₹2 | Dividend |
| 12 Sep 2025 | ₹1.25 | Dividend |
| 23 Sep 2024 | ₹1 | Dividend |

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. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Gallantt Ispat management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/4617/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 21 October 2026.)

## What to watch in Gallantt Ispat's next results? 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. - What to check (from the call)
- Gorakhpur output and operating profit per ton rebound as shutdown effects fade and commissioning settles. - Inventory normalizes as pre-built stocks support the integrated lines returning to service. - Q3 realization gains catch up with coal and metallic input costs, reducing the margin mismatch. - Track solar commissioning and progress on coal-block due diligence and greenfield land and incentive prerequisites. ## Which stock lists is Gallantt Ispat on? Gallantt Ispat is on 2 of our India lists: Small & mid cap stocks and Copper & metal stocks. - [Small & mid cap stocks Size rank in India: 472](https://www.sectoralpha.in/small-cap-stocks-india)
- [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is Gallantt Ispat profitable? 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. 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. ## How much revenue does Gallantt Ispat make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Gallantt Ispat keep? 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. 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. ## Is Gallantt Ispat's profit turning into cash? 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. 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. ## Where does Gallantt Ispat's cash go? 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. 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. ## What is Gallantt Ispat's P/E ratio, and how does it compare with its own history? Gallantt Ispat Ltd.'s P/E is 31.1×, 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. Why the multiple is where it is: over the past year earnings per share moved +20.8% while the price moved +0.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +47.8% a year; about +3.8% a year came from earnings growth and about +44.0 percentage points from the multiple (the market paying more); over 10 years the price moved +28.0% a year; about +11.7% a year came from earnings growth and about +16.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Gallantt Ispat business getting better or worse? Gallantt Ispat Ltd.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −17.2% in the latest quarter, against +113.5% at its best in 12 quarters, with ROCE falling at 16.2%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Gallantt Ispat earn on its capital? Gallantt Ispat Ltd. earned a ROCE of 18% in FY26. That is up from a low of 3% in FY20. Its return on capital used (ROIC) is 1.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 11.0% net margin and 1.03× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 11.0% net margin × 1.03× asset turnover × 1.29× leverage (assets divided by equity) ≈ 14.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 11.0% − 12.0% = −1.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 11.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 15.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Gallantt Ispat have too much debt? Gallantt Ispat Ltd. has total debt of ₹592 Cr against shareholder equity of ₹3,487 Cr as of Sep 2026, so its debt is 0.17× its equity, which is very little. Year by year, that ratio went from 0.19 in FY22 to 0.17 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Gallantt Ispat shareholding pattern? Promoters raised their stake in Gallantt Ispat Ltd. by 2.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 71.0% of the company. Foreign institutions moved −0.1 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: promoters drove it (+2.0 points). They raised their stake step by step. ## How far is Gallantt Ispat from balance-sheet trouble? For Gallantt Ispat Ltd., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Gallantt Ispat rank in its industry? 37.9 out of 100, rank 12 of 16 in Steel Products, with 100% of the evidence available. Gallantt Ispat Ltd. scores 37.9 out of 100 against the 16 companies it is compared with in Steel Products, ranking 12. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. The four parts add up to the total exactly: 7.3 + 18.1 + 6.3 + 6.2 = 37.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Gallantt Ispat compared with? Gallantt Ispat ranks 12 of 16 Steel Products companies on the 4-Factor Sector Score, with 37.9 out of 100. 1. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) KAMDHENU · turning · Most evidence points up · 100% evidence 77.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 5.9% · Profit 31.9% · Operating margin change 1 points · 100% evidence Capital efficiency 20.0/25 · ROCE 29.5% · Operating margin 13% · 100% evidence Valuation 17.1/20 · P/E 10.9× · PEG 0.47 · 100% evidence Relative strength 17.6/20 · Lead over its industry 27.7% · Lead over NIFTY 500 31% · 1 year 26.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.6 + 20 + 17.1 + 17.6 = 77.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) VSSL · leader · Most evidence points up · 100% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 14.8% · Profit 67.7% · Operating margin change 2 points · 100% evidence Capital efficiency 14.8/25 · ROCE 15.3% · Operating margin 12% · 100% evidence Valuation 14.2/20 · P/E 19.7× · PEG 0.84 · 100% evidence Relative strength 17.0/20 · Lead over its industry 13.2% · Lead over NIFTY 500 16.9% · 1 year 14.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 14.8 + 14.2 + 17 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) SHYAMMETL · leader · Most evidence points up · 100% evidence 73.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 25.6% · Profit 41.7% · Operating margin change 2 points · 100% evidence Capital efficiency 17.4/25 · ROCE 13% · Operating margin 14% · 100% evidence Valuation 8.6/20 · P/E 24× · PEG 1.25 · 100% evidence Relative strength 18.7/20 · Lead over its industry 27.4% · Lead over NIFTY 500 31.7% · 1 year 32.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 28.6 + 17.4 + 8.6 + 18.7 = 73.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Kalyani Steels Ltd](https://www.sectoralpha.in/stocks/kalyani-steels-ltd) KSL · losing its lead · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue -1.1% · Profit 8.1% · Operating margin change 3 points · 100% evidence Capital efficiency 17.4/25 · ROCE 14.8% · Operating margin 22% · 100% evidence Valuation 11.6/20 · P/E 12.5× · PEG 1 · 100% evidence Relative strength 12.9/20 · Lead over its industry 3.7% · Lead over NIFTY 500 7.2% · 1 year -4.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 18.6 + 17.4 + 11.6 + 12.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BMW Industries Ltd](https://www.sectoralpha.in/stocks/bmw-industries-ltd) turning · Evidence leans up · 83% evidence 57.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 5.9% · Profit 8% · Operating margin change -1 points · 83% evidence Capital efficiency 13.2/25 · ROCE 11.9% · Operating margin 20% · 95% evidence Valuation 12.9/20 · P/E 12.7× · PEG n/a · 50% evidence Relative strength 15.9/20 · Lead over its industry 7.5% · Lead over NIFTY 500 10.3% · 1 year 9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.9 + 13.2 + 12.9 + 15.9 = 57.9 · What this means: Relative strength against the index is 10.3%, and revenue and profit growth are weak. 6. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) SUNFLAG · breaking out · Evidence leans up · 96% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 9% · Profit 4.6% · Operating margin change -1 points · 88% evidence Capital efficiency 9.6/25 · ROCE 4.1% · Operating margin 11% · 100% evidence Valuation 10.3/20 · P/E 33.2× · PEG 0.65 · 100% evidence Relative strength 19.6/20 · Lead over its industry 29% · Lead over NIFTY 500 32.1% · 1 year 46.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.7 + 9.6 + 10.3 + 19.6 = 56.2 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 7. [Panchmahal Steel Ltd](https://www.sectoralpha.in/stocks/panchmahal-steel-ltd) PANCHMAHQ · losing its lead · Evidence leans down · 78% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 10.6% · Profit 100% · Operating margin change 4.9 points · 100% evidence Capital efficiency 7.0/25 · ROCE 3.1% · Operating margin 8.3% · 100% evidence Valuation 3.9/20 · P/E 65.4× · PEG 7.04 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 0.3% · 1 year -1.2% · 25% evidence · 2 of 5 weeks ahead Exact sum: 28.9 + 7 + 3.9 + 9.8 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) PRAKASH · basing · Evidence leans down · 96% evidence 49.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.3/35 · Revenue -10.6% · Profit -12.1% · Operating margin change 1 points · 88% evidence Capital efficiency 12.1/25 · ROCE 9.6% · Operating margin 14% · 100% evidence Valuation 19.1/20 · P/E 6.4× · PEG 0.19 · 100% evidence Relative strength 6.0/20 · Lead over its industry -14.4% · Lead over NIFTY 500 -10.7% · 1 year -31.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 12.3 + 12.1 + 19.1 + 6 = 49.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [Beekay Steel Industries Ltd](https://www.sectoralpha.in/stocks/beekay-steel-industries-ltd) BEEKAY · breaking out · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 13.9% · Profit -51.1% · Operating margin change 5 points · 88% evidence Capital efficiency 7.7/25 · ROCE 4.2% · Operating margin 11% · 100% evidence Valuation 13.7/20 · P/E 18.1× · PEG 0.45 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.8% · 1 year -11.5% · 25% evidence · 10 of 12 weeks ahead Exact sum: 15.5 + 7.7 + 13.7 + 11.1 = 48 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Jindal Steel Ltd](https://www.sectoralpha.in/stocks/jindal-steel-ltd) JINDALSTEL · losing its lead · Evidence leans down · 100% evidence 45.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 25.5% · Profit 2.4% · Operating margin change -3 points · 100% evidence Capital efficiency 13.3/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 10.4/20 · P/E 33.6× · PEG 1.09 · 100% evidence Relative strength 8.0/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -0.6% · 1 year -0.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.9 + 13.3 + 10.4 + 8 = 45.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Steel Exchange India Ltd](https://www.sectoralpha.in/stocks/steel-exchange-india-ltd) STEELXIND · quiet · Evidence leans down · 89% evidence 39.7 out of 100 Growth Capital Valuation Relative
12. Gallantt Ispat Ltd. this page GALLANTT · quiet · Evidence leans down · 100% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.3/35 · Revenue 5.5% · Profit -17.2% · Operating margin change -3 points · 100% evidence Capital efficiency 18.1/25 · ROCE 18.2% · Operating margin 10% · 100% evidence Valuation 6.3/20 · P/E 33× · PEG 1.66 · 100% evidence Relative strength 6.2/20 · Lead over its industry -7.5% · Lead over NIFTY 500 -3.9% · 1 year 6.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 7.3 + 18.1 + 6.3 + 6.2 = 37.9 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 13. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) RHETAN · quiet · Most evidence points down · 89% evidence 34.5 out of 100 Growth Capital Valuation Relative
14. [Electrotherm (India) Ltd](https://www.sectoralpha.in/stocks/electrotherm-indialtd) ELECTHERM · quiet · Most evidence points down · 61% evidence 22.2 out of 100 Growth Capital Valuation Relative
15. [Salasar Techno Engineering Ltd](https://www.sectoralpha.in/stocks/salasar-techno-engineering-ltd) SALASAR · basing · Most evidence points down · 96% evidence 20.4 out of 100 Growth Capital Valuation Relative
16. [Banganga Paper Industries Ltd](https://www.sectoralpha.in/stocks/banganga-paper-industries-ltd) BANGANGA · Too little evidence to rank firmly · 29% evidence 52.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel Products](https://www.sectoralpha.in/sectors/steel-products), all 16 compared on one page. ## Which companies are close to Gallantt Ispat in size? Gallantt Ispat is the 3rd largest of 16 Steel Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Jindal Steel and Shyam Metalics & Energy. Just below it: Sunflag Iron & Steel Company, Kalyani Steels, Vardhman Special Steels and Prakash Industries. ### Steel Products companies close in size

1. [Jindal Steel Ltd](https://www.sectoralpha.in/stocks/jindal-steel-ltd) ₹1,08,252 crore
2. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) ₹32,460 crore
3. Gallantt Ispat Ltd. ₹13,465 crore
4. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) ₹7,064 crore
5. [Kalyani Steels Ltd](https://www.sectoralpha.in/stocks/kalyani-steels-ltd) ₹3,592 crore
6. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) ₹3,178 crore
7. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) ₹2,011 crore

[All 16 Steel Products companies, largest first](https://www.sectoralpha.in/sectors/steel-products#all-companies)

### Companies close in size in other industries

1. [Usha Martin Ltd](https://www.sectoralpha.in/stocks/usha-martin-ltd) ₹13,588 crore · Steel - Wires
2. [Sammaan Capital Ltd](https://www.sectoralpha.in/stocks/sammaan-capital-ltd) ₹13,560 crore · Finance - Housing
3. Gallantt Ispat Ltd. ₹13,465 crore
4. [JSW Dulux Ltd](https://www.sectoralpha.in/stocks/jsw-dulux-ltd) ₹13,436 crore · Building Materials - Paints
5. [Niva Bupa Health Insurance Company Ltd](https://www.sectoralpha.in/stocks/niva-bupa-health-insurance-company-ltd) ₹13,435 crore · Finance - Insurance

## What else do people ask about Gallantt Ispat? ### What is Gallantt Ispat's share price today? Gallantt Ispat Ltd.'s share price is ₹526.05, +0.4% over the past year. The whole company is worth ₹12,694 Cr on the market. In the last 52 weeks it traded between ₹504 to ₹869; today it is 6% of the way up from the low, 12.2% below its 200-day average (as of 3 November 2026). ### What were Gallantt Ispat's latest quarterly results? Gallantt Ispat Ltd. reported revenue of ₹1,146 Cr and net profit of ₹61.0 Cr for the Sep 2026 quarter. Revenue rose 13.1% and profit fell 31.5% compared with a year earlier. Earnings per share were ₹2.51. The operating margin was 10.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Gallantt Ispat's market cap? Gallantt Ispat Ltd.'s market capitalisation is ₹12,694 Cr at a share price of ₹526.05. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Gallantt Ispat performing? Gallantt Ispat Ltd.'s share price has been falling for 9 weeks. In its latest quarter, revenue rose 13.1% and profit fell 31.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will Gallantt Ispat's share price go up? This page does not forecast Gallantt Ispat Ltd.'s share price. What it shows instead: the share price is ₹526.05, and it has been falling for 9 weeks. Its P/E of 31.1× is higher than 89% of its own last 10 years (as of 3 November 2026). ### Who owns Gallantt Ispat? Promoters own 71.0% of Gallantt Ispat Ltd., foreign institutions 0.0%, domestic institutions 0.1% and the public 28.9% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 2.0 percentage points over 8 quarters (as of 3 November 2026). ### Does Gallantt Ispat have too much debt? No, Gallantt Ispat Ltd. has little debt: its debt is 0.17× its equity, and its operating profit is 17 times its interest bill. FY26 borrowings were ₹548 Cr against equity of ₹3,316 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Gallantt Ispat in its business cycle? Gallantt Ispat Ltd.'s FY26 operating margin was 16.0%, against a 12-year range of 3.7% to 16.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 10.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Gallantt Ispat story? The main question: promoters moved +2.0 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Gallantt Ispat a stock worth studying right now? What the numbers show: Gallantt Ispat Ltd. is reporting record margins. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Gallantt Ispat share price forecast for 2026? What management itself 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. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

This is research, not advice. We’re not SEBI-registered.