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.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Batteries	Behind Ravi Patrol Pump, Jamnagar Dist. Gujarat 361120	admin@goldstarpower.com https://www.goldstarpower.com

Management
Name	Position Held
Mr. Navneet Pansara	Managing Director
Mr. Amratlal Pansara	Whole Time Director
Mrs. Dhruti Pansara	Director
Mr. Chetan Khattar	Independent Director
Mr. Hemraj Patel	Independent Director
Mr. Mahesh Sojitra	Independent Director

Basic Stock Data of Goldstar Power Ltd

Last Updated: July 26, 2024, 10:38 pm

Market Cap	292 Cr.
Current Price	12.2
High / Low	23.4/4.50
Stock P/E	72.2
Book Value	1.17
Dividend Yield	0.00 %
ROCE	19.7 %
ROE	16.8 %
Face Value	1.00
PEG Ratio	1.35

Data Source: screener.in

Competitors of Goldstar Power Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
PAE Ltd	4.90 Cr.	4.70	6.25/4.11		26.9	0.00 %	%	%	10.0
HBL Power Systems Ltd	17,437 Cr.	629	685/173	58.0	44.0	0.07 %	34.4 %	27.7 %	1.00
Goldstar Power Ltd	292 Cr.	12.2	23.4/4.50	72.2	1.17	0.00 %	19.7 %	16.8 %	1.00
Exide Industries Ltd	47,064 Cr.	554	620/242	55.6	152	0.36 %	10.2 %	7.05 %	1.00
Industry Average	32,250.50 Cr	395.90		56.80	74.30	0.14%	22.30%	17.38%	4.00

Goldstar Power Ltd Quarterly Results

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023
Sales	20.58	15.29	16.52	25.54	20.60	22.32	34.61	15.37	28.46
Expenses	19.23	15.74	17.07	24.03	18.79	21.73	31.34	12.70	24.50
Operating Profit	1.35	-0.45	-0.55	1.51	1.81	0.59	3.27	2.67	3.96
OPM %	6.56%	-2.94%	-3.33%	5.91%	8.79%	2.64%	9.45%	17.37%	13.91%
Other Income	0.30	1.63	0.40	1.35	0.44	0.84	0.97	1.17	0.88
Interest	0.39	0.50	0.45	0.51	0.43	0.77	0.77	0.71	0.88
Depreciation	0.82	0.82	0.83	0.75	0.92	0.51	0.73	0.86	0.84
Profit before tax	0.44	-0.14	-1.43	1.60	0.90	0.15	2.74	2.27	3.12
Tax %	11.36%	78.57%	24.48%	27.50%	5.56%	200.00%	32.85%	16.30%	27.88%
Net Profit	0.40	-0.02	-1.08	1.16	0.85	-0.15	1.83	1.89	2.26
EPS in Rs	0.02	-0.00	-0.04	0.05	0.04	-0.01	0.08	0.08	0.09

Last Updated: July 16, 2024, 1:31 pm

Goldstar Power Ltd Quarterly Chart

Goldstar Power Ltd Profit & Loss

Last Updated: July 10, 2024, 5:32 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	43.24	61.89	48.83	37.48	40.03	54.47	43.13	36.37	35.88	42.06	42.91	49.98	43.83
Expenses	40.88	56.57	46.81	38.79	38.00	50.86	41.00	34.58	34.98	41.10	40.51	44.00	37.20
Operating Profit	2.36	5.32	2.02	-1.31	2.03	3.61	2.13	1.79	0.90	0.96	2.40	5.98	6.63
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 Income	0.34	0.14	2.99	3.82	0.48	0.58	1.10	1.26	1.93	1.75	1.27	2.09	2.05
Interest	1.83	3.42	3.49	1.76	1.41	1.65	1.42	0.86	0.89	0.96	1.19	1.48	1.59
Depreciation	0.69	0.86	0.98	1.53	1.57	1.36	1.31	1.57	1.63	1.58	1.42	1.59	1.70
Profit before tax	0.18	1.18	0.54	-0.78	-0.47	1.18	0.50	0.62	0.31	0.17	1.06	5.00	5.39
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 Profit	0.02	0.72	0.30	-0.66	-0.39	0.59	0.29	1.01	0.37	0.08	0.71	3.73	4.15
EPS in Rs	0.01	0.25	0.10	-0.23	-0.13	0.20	0.01	0.04	0.02	0.00	0.03	0.15	0.17
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:	0%
5 Years:	7%
3 Years:	6%
TTM:	0%

Compounded Profit Growth
10 Years:	23%
5 Years:	32%
3 Years:	270%
TTM:	8%

Stock Price CAGR
10 Years:	%
5 Years:	60%
3 Years:	141%
1 Year:	184%

Return on Equity
10 Years:	6%
5 Years:	8%
3 Years:	13%
Last Year:	17%

Last Updated: July 24, 2024, 5:45 pm

Goldstar Power Ltd Balance Sheet

Last Updated: July 10, 2024, 5:32 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	1.30	1.30	1.30	1.30	1.30	1.30	10.70	10.70	10.70	10.70	10.70	19.26	22.77
Reserves	8.51	10.07	10.37	9.66	9.27	9.30	7.55	8.56	8.94	9.01	9.72	4.89	3.63
Borrowings	16.96	19.33	25.95	15.77	14.11	11.33	7.93	7.87	8.80	11.57	17.64	13.15	16.78
Other Liabilities	22.52	10.30	5.36	11.36	8.86	11.43	9.05	7.23	7.00	4.17	8.17	7.19	7.03
Total Liabilities	49.29	41.00	42.98	38.09	33.54	33.36	35.23	34.36	35.44	35.45	46.23	44.49	50.21
Fixed Assets	15.36	16.60	17.04	15.59	14.16	13.00	12.27	13.33	11.80	10.62	9.79	15.21	16.08
CWIP	0.05	0.00	0.00	0.00	0.00	0.00	0.76	0.00	0.00	0.00	7.02	0.00	0.00
Investments	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Other Assets	33.87	24.39	25.93	22.49	19.37	20.35	22.19	21.02	23.63	24.83	29.42	29.28	34.13
Total Assets	49.29	41.00	42.98	38.09	33.54	33.36	35.23	34.36	35.44	35.45	46.23	44.49	50.21

Goldstar Power Ltd Reserves and Borrowings Chart

Goldstar Power Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-0.44	-2.90	10.58	1.35	2.17	-1.99	2.57	0.50	-0.17	-0.93	6.54	7.99
Cash from Investing Activity	0.81	-1.44	-0.13	-0.03	-0.45	-1.30	-1.77	0.10	1.05	-7.44	-0.54	-11.17
Cash from Financing Activity	-0.23	3.82	-10.40	-2.23	-1.60	3.13	-1.00	0.02	1.06	5.79	-5.97	3.22
Net Cash Flow	0.14	-0.52	0.05	-0.92	0.12	-0.16	-0.21	0.62	1.94	-2.58	0.03	0.04

Goldstar Power Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	115.14	45.00	43.43	94.66	78.69	37.26	47.05	54.19	36.93	54.15	81.32	81.06
Inventory Days		83.20	150.49	102.65	78.98	47.16	64.02	164.00	189.98	122.56	156.62	133.01
Days Payable		58.09	23.32	92.67	59.81	39.23	36.82	41.84	41.72	15.71	21.71	5.00
Cash Conversion Cycle	115.14	70.11	170.60	104.64	97.86	45.19	74.26	176.35	185.18	161.00	216.23	209.07
Working Capital Days	85.17	75.13	146.73	103.33	62.82	55.75	111.37	128.66	151.78	152.04	183.73	163.37
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

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Sep 2022	Dec 2022	Mar 2023	Sep 2023
Promoters	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%	72.91%
Public	27.09%	27.08%	27.08%	27.09%	27.09%	27.09%	27.08%	27.09%	27.09%	27.09%	27.09%	27.09%
No. of Shareholders	146	124	135	131	126	127	133	129	74	74	77	1,126

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

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.17	0.19	0.66	0.07	0.35
Diluted EPS (Rs.)	0.17	0.19	0.66	0.07	0.35
Cash EPS (Rs.)	0.23	0.27	1.99	1.55	1.88
Book Value[Excl.RevalReserv]/Share (Rs.)	1.17	1.25	19.09	18.42	18.35
Book Value[Incl.RevalReserv]/Share (Rs.)	1.17	1.25	19.09	18.42	18.35
Revenue From Operations / Share (Rs.)	2.08	2.60	40.11	39.32	33.53
PBDIT / Share (Rs.)	0.37	0.41	3.43	2.53	2.64
PBIT / Share (Rs.)	0.30	0.33	2.10	1.05	1.12
PBT / Share (Rs.)	0.22	0.25	0.98	0.15	0.28
Net Profit / Share (Rs.)	0.16	0.19	0.66	0.07	0.35
PBDIT Margin (%)	17.76	16.14	8.55	6.44	7.88
PBIT Margin (%)	14.64	12.96	5.23	2.68	3.33
PBT Margin (%)	10.96	10.01	2.46	0.39	0.85
Net Profit Margin (%)	8.06	7.45	1.64	0.18	1.04
Return on Networth / Equity (%)	14.35	15.43	3.46	0.39	1.90
Return on Capital Employeed (%)	21.19	20.65	7.78	4.47	5.62
Return On Assets (%)	7.51	8.37	1.52	0.21	1.05
Long Term Debt / Equity (X)	0.17	0.24	0.37	0.23	0.02
Total Debt / Equity (X)	0.64	0.54	0.76	0.54	0.43
Asset Turnover Ratio (%)	1.02	1.10	1.05	1.19	1.03
Current Ratio (X)	1.46	2.16	1.67	2.38	1.53
Quick Ratio (X)	0.85	1.21	0.91	1.31	0.50
Inventory Turnover Ratio (X)	3.06	2.61	2.64	2.36	2.24
Interest Coverage Ratio (X)	4.83	5.46	3.08	2.82	3.19
Interest Coverage Ratio (Post Tax) (X)	3.19	3.52	1.59	1.08	1.42
Enterprise Value (Cr.)	355.05	167.09	42.56	31.59	32.14
EV / Net Operating Revenue (X)	7.08	3.34	0.99	0.75	0.89
EV / EBITDA (X)	39.84	20.70	11.59	11.66	11.36
MarketCap / Net Operating Revenue (X)	6.72	3.08	0.62	0.56	0.67
Price / BV (X)	11.95	6.38	1.32	1.20	1.23
Price / Net Operating Revenue (X)	6.72	3.08	0.62	0.56	0.67
EarningsYield	0.01	0.02	0.02	0.00	0.01

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

Fair Value: 14.48

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 18.65% compared to the current price 12.2

Intrinsic Value: 22.21

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 82.04% compared to the current price 12.2

Last 5 Year EPS CAGR: 53.42%

*Investments are subject to market risks

Strength and Weakness of Goldstar Power Ltd Stock

Strength	Weakness
The stock is trading at a low valuation with an average P/B ratio of 0.98 and average Dividend Yield of 4.93%. The company has shown consistent growth in sales (44.62 cr) and profit (1.14 cr) over the years.	The stock has a low average ROCE of 8.07%, which may not be favorable. The stock has a high average Working Capital Days of 118.32, which may not be favorable. The stock has a high average Cash Conversion Cycle of 135.47, which may not be favorable. The company has higher borrowings (14.31) compared to reserves (8.46), which may suggest financial risk.

FAQ

What is the latest fair value of Goldstar Power Ltd?

The latest fair value of Goldstar Power Ltd is ₹14.48.

What is the Market Cap of Goldstar Power Ltd?

The Market Cap of Goldstar Power Ltd is 292 Cr..

What is the current Stock Price of Goldstar Power Ltd as on 27 July 2024?

The current stock price of Goldstar Power Ltd as on 27 July 2024 is 12.2.

What is the High / Low of Goldstar Power Ltd stocks in FY 2024?

In FY 2024, the High / Low of Goldstar Power Ltd stocks is 23.4/4.50.

What is the Stock P/E of Goldstar Power Ltd?

The Stock P/E of Goldstar Power Ltd is 72.2.

What is the Book Value of Goldstar Power Ltd?

The Book Value of Goldstar Power Ltd is 1.17.

What is the Dividend Yield of Goldstar Power Ltd?

The Dividend Yield of Goldstar Power Ltd is 0.00 %.

What is the ROCE of Goldstar Power Ltd?

The ROCE of Goldstar Power Ltd is 19.7 %.

What is the ROE of Goldstar Power Ltd?

The ROE of Goldstar Power Ltd is 16.8 %.

What is the Face Value of Goldstar Power Ltd?

The Face Value of Goldstar Power Ltd is 1.00.