🔔 Gallantt Ispat Hits Record High on Expansion Buzz
📈 Stock Performance
- 🚀 Gallantt Ispat shares hit a record high of ₹461.95, rallying 9% in Tuesday’s intra-day trade on the BSE.
- 📅 1-Month Surge: Up 47%, vs just 3.5% rise in BSE Sensex.
- 📆 1-Year Gain: Stock has more than doubled (up 110%), while Sensex rose just 4.5%.
🏗️ Capex Expansion Drive
- 🏭 Rally follows board approval for capacity expansion at its Gorakhpur manufacturing unit in Uttar Pradesh.
🧾 Why Gorakhpur Unit Stands Out (Ind-Ra Insights)
- ✅ Cost Advantages due to proximity to raw materials.
- 🚂 Own railway sidings = logistic edge.
- 🌍 Low import dependency due to UP being land-locked.
- 🧱 Partial coal linkages enhance operational efficiency.
- 📉 Lower competition from imports in the region.
- 🏭 Only integrated steel plant in North India = near monopoly in UP.
- 💸 Stronger pricing power due to market dominance.
💹 Strong Financials (9MFY25 – April to Dec 2024)
- 💰 Net Profit: ₹284.43 crore 🔼 +119% YoY
(vs ₹129.94 crore in 9MFY24) - 📊 Revenue from Operations: ₹3,221 crore 🔼 +5.6% YoY
(vs ₹3,049 crore in 9MFY24)
🏢 About Gallantt Ispat
- 🛠️ Manufacturer of TMT Bars under brands “Gallantt” & “Gallantt Advance”.
- 🔄 Vertically integrated operations: Pellets, Sponge Iron, Ingots, and Power Generation.
