Gallantt Ispat Limited is a leading Iron and Steel manufacturing Company incorporated in 2005 and located in Eastern Uttar Pradesh. The company is engaged in the business of Iron & Steel, Agro, Power, and Real Estate. The company was founded in 1984 and is headquartered in Gorakhpur, India. The company was formerly known as Gallantt Metal Limited and changed its name to Gallantt Ispat Limited in June 2022.
Gallantt Ispat is engaged in manufacturing of Steel and Steel products with power plant and having its manufacturing unit at Village Samakhyali, Dist Kutch in the State of Gujarat (Gujarat Unit) and at Sahjanwa, Gorakhpur, Uttar Pradesh (Gorakhpur Unit). The company operates as an integrated steel plant with power plants and rolling mills to manufacture sponge iron and steel.
Gallantt Ispat operates through multiple business verticals, establishing itself as a diversified industrial conglomerate. The company engages in manufacture and sale of iron and steel products in India, offering TMT bars, sponge iron, M.S. round bars and billets, iron ore pellets, and MIS roll bars. The company is primarily engaged in the manufacturing of steel and allied products including pellet, sponge iron, ingots, and thermo mechanically treated (TMT) Bars.
The company's product portfolio includes Sponge Iron, MS Billets, TMT Bars, and Wheat Products. The food grain business includes wheat flour products like Atta, Maida, Suji and Bran, sold under the brand name "Gallantt" in the states of Uttar Pradesh, Bihar, West Bengal, Assam, Madhya Pradesh, Andhra Pradesh, and Karnataka.
The company's production of Sponge Iron is consumed in-house for manufacturing MS Billets. MS Billet is a semi-finished product that is used as feedstock for rolling mills where long products, including wire rods, bars and rods for structural works are produced. The company's TMT Bars are manufactured using M.S. Billets as the main feedstock.
Beyond steel manufacturing, Gallantt Ispat has diversified into real estate development and power generation. Shalimar Gallantt is a group housing project located in Lucknow, developed as a joint venture with The Shalimar Group. The company is also involved in real estate and power generation businesses.
To support its operations, the company has established captive power plants at both its Gorakhpur and Kutch units to meet internal power requirements. In March 2007, the Phase II project was commissioned, including the 25MW Captive Power Plant.
Gallantt Ispat has a market capitalization of ₹11,514 Crore as of recent data, representing a growth of 75.6% over the past year. The company reported revenue of ₹4,293 Crore and profit of ₹401 Crore. The promoter holding stands at 68.9%.
Recent quarterly performance shows a strong growth trajectory. Gallantt Ispat's net profit jumped 118.68% to ₹113.67 Crore in Q3 FY2024-2025 compared to the same period last year. For the quarter ended March 2025, the company reported revenue of ₹1,083 Crore compared to ₹1,119 Crore in December 2024, representing a decline of 3.16%. However, net profit grew by 2.32% to ₹116.31 Crore in March 2025 from ₹113.67 Crore in December 2024.
- Stock trading at 4.04 times its book value.
- Return on equity of 10.7% over the last 3 years.
- P/E ratio of 49.93.
- P/B ratio of 4.59.
- Current dividend yield of 0.21.
The Board of Gallantt Ispat approved capex of ₹1,014.98 Crore for capacity addition at its integrated steel plants at Gorakhpur and setting up of captive solar power plant in April 2025. The total project capex will be funded through internal accruals without borrowing any debt.
The expansion projects are brownfield expansion projects expected to be completed by March 2026. The approved expansions will increase the company's steel billet capacity from 528,000 metric tons to 800,250 MT, rolling mill capacity from 528,000 MT to 805,200 MT, sponge iron capacity from 544,500 MT to 560,000 MT, and pellet capacity from 792,000 MT to 990,000 MT. The company also proposes to expand its captive power plant capacity from 78 MW to 100 MW.
Gallantt Ispat shares surged to a record high of ₹461.95 in April 2025, rising 9% after the board approved capacity expansions. The stock has gained 47% in a month and 110% over the past year, driven by strong financial performance and strategic advantages of its Gorakhpur unit.
The company's customers include real estate developers, construction industries, government organizations, and corporate customers. Since 2009-10, the company has taken strategic decisions to increase volume and profitability, expanding its market presence in Gujarat, Maharashtra, and Rajasthan.
Gallantt Ispat continues to strengthen its position as a leading integrated steel manufacturer with diversified business interests, supported by strategic expansion plans and strong financial performance across multiple quarters.
