Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Goldstar Power Ltd

About the Company - Goldstar Power Ltd

Goldstar Power Ltd. is a Public Limited Listed company incorporated on 12/07/1999 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L36999GJ1999PLC036274 and registration number is 036274. Currently company belongs to the Industry of Auto Ancl - Batteries. Company’s Total Operating Revenue is Rs. 42.91 Cr. and Equity Capital is Rs. 10.70 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - BatteriesBehind Ravi Patrol Pump, Jamnagar Dist. Gujarat 361120admin@goldstarpower.com
https://www.goldstarpower.com
Management
NamePosition Held
Mr. Mulji PansaraChairman
Mr. Navneet PansaraManaging Director
Mr. Chetan KhattarIndependent Director
Mr. Vishal PansaraWhole Time Director
Mr. Amratlal PansaraWhole Time Director
Mr. Hemraj PatelIndependent Director
Mrs. Dhruti PansaraDirector
Mr. Mahesh SojitraIndependent Director

Goldstar Power Ltd. Share Price Update

Share PriceValue
Today₹14.30
Previous Day₹14.30

Basic Stock Data of Goldstar Power Ltd

Market Cap 385 Cr.
Current Price 16.0
High / Low23.4/4.00
Stock P/E92.8
Book Value 1.10
Dividend Yield0.00 %
ROCE17.3 %
ROE16.9 %
Face Value 1.00

Data Source: screener.in

Competitors of Goldstar Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HBL Power Systems Ltd 14,227 Cr. 513612/86.160.0 38.20.09 %13.7 %10.7 % 1.00
Exide Industries Ltd 28,250 Cr. 332354/17032.4 1470.61 %10.2 %7.28 % 1.00
PAE Ltd 5.97 Cr. 5.737.69/4.61 26.90.00 %%% 10.0
Industry Average15.99 Cr283.5830.870.70.23%7.97%5.99%4

Goldstar Power Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales20.5815.2916.5225.5420.6022.3234.6115.3728.46
Expenses19.2315.7417.0724.0318.7921.7331.3412.7024.50
Operating Profit1.35-0.45-0.551.511.810.593.272.673.96
OPM %6.56%-2.94%-3.33%5.91%8.79%2.64%9.45%17.37%13.91%
Other Income0.301.630.401.350.440.840.971.170.88
Interest0.390.500.450.510.430.770.770.710.88
Depreciation0.820.820.830.750.920.510.730.860.84
Profit before tax0.44-0.14-1.431.600.900.152.742.273.12
Tax %11.36%78.57%24.48%27.50%5.56%200.00%32.85%16.30%27.88%
Net Profit0.40-0.02-1.081.160.85-0.151.831.892.26
EPS in Rs0.02-0.00-0.040.050.04-0.010.080.080.09

Goldstar Power Ltd Quarterly Chart

Goldstar Power Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales43.2461.8948.8337.4840.0354.4743.1336.3735.8842.0642.9149.9843.83
Expenses40.8856.5746.8138.7938.0050.8641.0034.5834.9841.1040.5144.0037.20
Operating Profit2.365.322.02-1.312.033.612.131.790.900.962.405.986.63
OPM %5.46%8.60%4.14%-3.50%5.07%6.63%4.94%4.92%2.51%2.28%5.59%11.96%15.13%
Other Income0.340.142.993.820.480.581.101.261.931.751.272.092.05
Interest1.833.423.491.761.411.651.420.860.890.961.191.481.59
Depreciation0.690.860.981.531.571.361.311.571.631.581.421.591.70
Profit before tax0.181.180.54-0.78-0.471.180.500.620.310.171.065.005.39
Tax %88.89%38.14%44.44%15.38%17.02%50.00%44.00%-64.52%-22.58%52.94%33.02%25.60%
Net Profit0.020.720.30-0.66-0.390.590.291.010.370.080.713.734.15
EPS in Rs0.010.250.10-0.23-0.130.200.010.040.020.000.030.150.17
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Goldstar Power Ltd Profit & Loss Yearly Chart

Goldstar Power Ltd Growth

Compounded Sales Growth
10 Years:-2%
5 Years:3%
3 Years:12%
TTM:-23%
Compounded Profit Growth
10 Years:18%
5 Years:66%
3 Years:117%
TTM:147%
Stock Price CAGR
10 Years:%
5 Years:66%
3 Years:156%
1 Year:63%
Return on Equity
10 Years:3%
5 Years:6%
3 Years:7%
Last Year:17%

Goldstar Power Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1.301.301.301.301.301.3010.7010.7010.7010.7010.7019.2622.77
Reserves8.5110.0710.379.669.279.307.558.568.949.019.724.893.63
Borrowings16.9619.3325.9515.7714.1111.337.937.878.8011.5717.6413.1516.78
Other Liabilities22.5210.305.3611.368.8611.439.057.237.004.178.177.197.03
Total Liabilities49.2941.0042.9838.0933.5433.3635.2334.3635.4435.4546.2344.4950.21
Fixed Assets15.3616.6017.0415.5914.1613.0012.2713.3311.8010.629.7915.2116.08
CWIP0.050.000.000.000.000.000.760.000.000.007.020.000.00
Investments0.010.010.010.010.010.010.010.010.010.000.000.000.00
Other Assets33.8724.3925.9322.4919.3720.3522.1921.0223.6324.8329.4229.2834.13
Total Assets49.2941.0042.9838.0933.5433.3635.2334.3635.4435.4546.2344.4950.21

Goldstar Power Ltd Reserves and Borrowings Chart

Goldstar Power Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.00-0.44-2.9010.581.352.17-1.992.570.50-0.17-0.936.54
Cash from Investing Activity 0.000.81-1.44-0.13-0.03-0.45-1.30-1.770.101.05-7.44-0.54
Cash from Financing Activity 0.00-0.233.82-10.40-2.23-1.603.13-1.000.021.065.79-5.97
Net Cash Flow0.000.14-0.520.05-0.920.12-0.16-0.210.621.94-2.580.03

Goldstar Power Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days115.1445.0043.4394.6678.6937.2647.0554.1936.9354.1581.3281.06
Inventory Days83.20150.49102.6578.9847.1664.02164.00189.98122.56156.62133.01
Days Payable58.0923.3292.6759.8139.2336.8241.8441.7215.7121.715.00
Cash Conversion Cycle115.1470.11170.60104.6497.8645.1974.26176.35185.18161.00216.23209.07
Working Capital Days85.1775.13146.73103.3362.8255.75111.37128.66151.78152.04183.73163.37
ROCE %8.45%15.97%8.02%3.05%3.66%12.14%8.02%5.55%4.32%3.78%6.49%17.33%

Goldstar Power Ltd Financial Efficiency Indicators Chart

Goldstar Power Ltd Share Holding Pattern

MonthSep 2019Mar 2020Sep 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023
Promoters72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%72.91%
Public27.09%27.08%27.08%27.09%27.09%27.09%27.08%27.09%27.09%27.09%27.09%27.09%
No. of Shareholders1461241351311261271331297474771,126

Goldstar Power Ltd Shareholding Pattern Chart

No. of Goldstar Power Ltd Shareholders

This stock is not held by any mutual fund

Goldstar Power Ltd ROCE Trend

Goldstar Power Ltd EPS Trend

Goldstar Power Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.0010.0010.0010.0010.00
Basic EPS (Rs.)0.190.660.070.350.94
Diluted EPS (Rs.)0.190.660.070.350.94
Cash EPS (Rs.)0.271.991.551.882.41
Book Value[Excl.RevalReserv]/Share (Rs.)1.2519.0918.4218.3518.00
Book Value[Incl.RevalReserv]/Share (Rs.)1.2519.0918.4218.3518.00
Revenue From Operations / Share (Rs.)2.6040.1139.3233.5333.99
PBDIT / Share (Rs.)0.413.432.532.642.85
PBIT / Share (Rs.)0.332.101.051.121.38
PBT / Share (Rs.)0.250.980.150.280.57
Net Profit / Share (Rs.)0.190.660.070.350.94
PBDIT Margin (%)16.148.556.447.888.36
PBIT Margin (%)12.965.232.683.334.04
PBT Margin (%)10.012.460.390.851.68
Net Profit Margin (%)7.451.640.181.042.77
Return on Networth / Equity (%)15.433.460.391.905.24
Return on Capital Employeed (%)20.657.784.475.626.92
Return On Assets (%)8.371.520.211.052.94
Long Term Debt / Equity (X)0.240.370.230.020.03
Total Debt / Equity (X)0.540.760.540.430.40
Asset Turnover Ratio (%)1.101.051.191.031.04
Current Ratio (X)2.161.672.381.531.45
Quick Ratio (X)1.210.911.310.500.51
Inventory Turnover Ratio (X)2.612.642.362.243.08
Interest Coverage Ratio (X)5.463.082.823.193.55
Interest Coverage Ratio (Post Tax) (X)3.521.591.081.422.18
Enterprise Value (Cr.)167.0942.5631.5932.1437.48
EV / Net Operating Revenue (X)3.340.990.750.891.03
EV / EBITDA (X)20.7011.5911.6611.3612.31
MarketCap / Net Operating Revenue (X)3.080.620.560.670.82
Price / BV (X)6.381.321.201.231.55
Price / Net Operating Revenue (X)3.080.620.560.670.82
EarningsYield0.020.020.000.010.03

Goldstar Power Ltd Profitability Ratios (%)

Goldstar Power Ltd Liquidity Ratios

Goldstar Power Ltd Liquidity Ratios (%)

Goldstar Power Ltd Interest Coverage Ratios (%)

Goldstar Power Ltd Valuation Ratios

Fair Value of Goldstar Power Ltd Stock

Fair Value: ₹17.60

The stock is undervalued by 9.98% compared to the current price ₹16

*Investments are subject to market risks

Strength and Weakness of Goldstar Power Ltd Stock

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.20 and average Dividend Yield of 3.08%.
  2. The company has shown consistent growth in sales (44.62 cr) and profit (1.14 cr) over the years.
  1. The stock has a low average ROCE of 8.07%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 118.32, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 135.47, which may not be favorable.
  4. The company has higher borrowings (14.40) compared to reserves (8.42), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Goldstar Power Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE