Goldstar Power Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Manufacturing: 68.2% • Trading: 31.8%
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.34x)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 93.4% versus prior year
- A large part of profit comes from other income (59.7% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -11.6pp
- Company has delivered a poor sales growth of 6.2% over past five years
- Stock is trading at 6.1x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| EXIDEIND | 410.90 | 37.49 | 34926.50 | 0.49 | 351.30 | 27.94 | 5528.38 | 17.75 | 9.04 | 11.25 |
| HBLENGINE | 731.25 | 25.96 | 20269.88 | 0.41 | 109.14 | -23.86 | 638.03 | 6.03 | 58.30 | 22.72 |
| ARE&M | 832.55 | 16.53 | 15237.78 | 1.27 | 190.94 | 15.86 | 4214.54 | 23.92 | 15.73 | 9.63 |
| EVEREADY | 349.05 | 14.23 | 2537.15 | 0.72 | 36.97 | 22.30 | 407.71 | 8.97 | 23.95 | 15.01 |
| NIPPOBATRY | 324.00 | 0.00 | 243.00 | 1.16 | 2.01 | 96.10 | 116.14 | -2.76 | 35.63 | 0.11 |
| GOLDSTAR | 7.50 | 9.88 | 214.65 | 0.00 | 145.85 | 20327.17 | 5084.07 | 51546.38 | 11.52 | 3.05 |
| LAKHNNATNL | 265.25 | 46.21 | 198.94 | 0.74 | 1.66 | 97.26 | 63.52 | 9.49 | 17.04 | 4.07 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 8 | 15 | 7 | 26 | 10 | 18 | 5 | 4 | 7 | |
| 7 | 13 | 8 | 24 | 8 | 19 | 5 | 3 | 7 | |
| Operating Profit | 0 | 2 | -0 | 2 | 1 | -1 | 0 | 1 | -1 |
| OPM % | 5.56% | 14.58% | -4.60% | 8.08% | 13.62% | -4.26% | 2.18% | 32.04% | -8.27% |
| 0 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | |
| Interest | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | -0 | 2 | -1 | 2 | 1 | -0 | -0 | 1 | -0 |
| Tax % | -0.00% | 33.19% | -2.78% | 31.58% | 33.33% | 61.54% | 18.92% | 14.63% | 8.57% |
| Net Profit | -0 | 2 | -1 | 1 | 1 | -0 | -0 | 1 | -0 |
| 0.00 | 0.06 | -0.05 | 0.06 | 0.03 | 0.00 | -0.01 | 0.04 | -0.01 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 56 | 43 | 36 | 36 | 42 | 43 | 50 | 50 | 48 | 34 | |
| 38 | 52 | 41 | 35 | 35 | 41 | 41 | 44 | 43 | 44 | 34 | |
| Operating Profit | 2 | 4 | 2 | 2 | 1 | 1 | 2 | 6 | 7 | 5 | 0 |
| OPM % | 4.83% | 6.43% | 4.91% | 4.90% | 2.51% | 2.27% | 5.59% | 11.87% | 13.62% | 9.44% | 0.27% |
| 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | |
| Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 1 |
| Profit before Tax | 0 | 1 | 1 | 1 | 0 | 0 | 1 | 5 | 6 | 3 | -0 |
| Tax % | -4.84% | 49.99% | 42.47% | -64.96% | -21.55% | 53.36% | 33.03% | 25.52% | 26.47% | 34.72% | 640.00% |
| Net Profit | 0 | 1 | 0 | 1 | 0 | 0 | 1 | 4 | 4 | 2 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 0.07 | 0.04 | 0.19 | 0.17 | 0.09 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 6%
- 3 Years:
- 4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 43%
- 3 Years:
- 48%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 52%
- 3 Years:
- 0%
- 1 Year:
- -13%
RETURN ON EQUITY
- 10 Years:
- 6%
- 5 Years:
- 9%
- 3 Years:
- 13%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 11 | 11 | 11 | 11 | 11 | 19 | 24 | 24 |
| 9 | 9 | 8 | 9 | 9 | 9 | 10 | 5 | 4 | 6 | |
| 12 | 11 | 8 | 8 | 9 | 12 | 18 | 13 | 16 | 9 | |
| Trade Payables | 5 | 5 | 3 | 3 | 3 | 1 | 2 | 0 | 0 | 4 |
| 6 | 7 | 6 | 4 | 4 | 3 | 6 | 7 | 10 | 8 | |
| Total Liabilities | 33 | 33 | 35 | 34 | 35 | 35 | 46 | 44 | 54 | 51 |
| 14 | 13 | 12 | 13 | 12 | 11 | 10 | 15 | 18 | 17 | |
| Capital Work in Progress | 0 | 0 | 1 | 0 | 0 | 0 | 7 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 10 | |
| 7 | 6 | 6 | 12 | 14 | 11 | 13 | 13 | 12 | 8 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 14 | |
| Cash & Bank | 1 | 0 | 0 | 0 | 1 | 3 | 0 | 0 | 0 | 0 |
| 11 | 14 | 16 | 9 | 8 | 11 | 16 | 17 | 5 | 3 | |
| Total Assets | 33 | 33 | 35 | 34 | 35 | 35 | 46 | 44 | 54 | 51 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 2 | -2 | 3 | 1 | 0 | -0 | 7 | 8 | 9 | |
| Cash from Investing | 1 | -0 | -1 | -2 | 0 | 1 | -7 | -1 | -11 | -0 |
| Cash from Financing | -2 | -2 | 3 | -1 | 0 | 1 | 6 | -6 | 3 | -9 |
| -1 | 0 | -0 | -0 | 1 | 2 | -3 | 0 | 0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for GOLDSTAR
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