Godawari Power & Ispat Ltd (GPIL) is a fully integrated power and steel producer based in Raigarh, Chhattisgarh. The company operates a 1,200 MW thermal power plant and a 0.5 MTPA sponge iron and billet manufacturing facility, primarily using coal from its captive mines. GPIL supplies power to state discoms under long-term PPAs and sells steel products in the domestic market. Despite recent declines in sales and profit due to regulatory and operational headwinds, the company maintains a strong balance sheet, zero net debt, and high return ratios—making it a niche play in the integrated power-steel space. This article provides a data-backed outlook on the Godawari Power share price target 2026–2030.
Godawari Power & Ispat Ltd: Company Overview
- Founded: 2003
- Headquarters: Raigarh, Chhattisgarh
- Key Segments: Thermal Power Generation (85%+ of revenue), Steel (Sponge Iron & Billets)
- Strategic Edge: Captive coal mines, long-term PPAs, backward integration
- Ownership: Promoter-held (63.49%) with strong retail participation (28.07%)
GPIL benefits from low-cost coal sourcing and stable power off-take agreements. However, it faces challenges from renewable energy competition, regulatory scrutiny on thermal power, and cyclical steel demand.
Godawari Power & Ispat Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹242.00 |
| Market Capitalization | ₹16,232.20 Cr |
| No. of Shares Outstanding | 67.12 Cr |
| 52-Week High / Low | ₹350 / ₹220 |
| P/E Ratio (TTM) | 20.57 |
| P/B Ratio | 3.19 |
| EPS (TTM) | ₹11.76 |
| Book Value (TTM) | ₹75.79 |
| ROE | 17.21% |
| ROCE | 23.44% |
| Dividend Yield | 0.52% |
| Face Value | ₹1 |
| Cash | ₹682.47 Cr |
| Total Debt | ₹259.27 Cr |
| Net Debt | ₹0 Cr (Cash > Debt) |
| Sales Growth (YoY) | -7.55% |
| Profit Growth (YoY) | -16.11% |
| Promoter Holding | 63.49% |
Godawari Power & Ispat Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹260 – ₹290 |
| 2027 | ₹280 – ₹320 |
| 2028 | ₹300 – ₹350 |
| 2029 | ₹320 – ₹380 |
| 2030 | ₹340 – ₹410 |
Godawari Power & Ispat Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹260 | ₹290 |
GPIL reported a 16.11% YoY decline in profit and 7.55% fall in sales in FY2025, primarily due to lower power tariffs and reduced plant load factor (PLF). However, its net debt-free status, ROCE of 23.44%, and ROE of 17.21% highlight underlying strength. Trading at a P/E of 20.6x—reasonable for its return profile—the stock appears fairly valued. A 2026 target of ₹260–₹290 assumes PLF recovery and stable coal costs.
Godawari Power & Ispat Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹280 | ₹320 |
If GPIL improves its power plant utilization and benefits from rising steel margins, earnings could rebound. Assuming EPS reaches ₹13–₹14 by FY27 and P/E stabilizes at 21–22x, the 2027 range of ₹280–₹320 is realistic.
Godawari Power & Ispat Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹300 | ₹350 |
By 2028, benefits from operational efficiency and potential diversification into renewable hybrids (under discussion) could support valuation. A P/E of 22–23x on projected EPS (~₹13.50–₹15) supports the ₹300–₹350 band.
Godawari Power & Ispat Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹320 | ₹380 |
Long-term risks include India’s coal phase-down policy and competition from solar-wind hybrids. However, GPIL’s captive fuel advantage provides a cost moat. Using a P/E of 23–24x on FY29 EPS (~₹14–₹16), the 2029 target is ₹320–₹380.
Godawari Power & Ispat Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹340 | ₹410 |
Over a five-year horizon, GPIL’s value lies in its integrated model and capital efficiency—not high growth. A terminal P/E of 24–25x on FY30 EPS (~₹14.50–₹16.50) justifies the ₹340–₹410 range.
Godawari Power & Ispat Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 63.49% |
| Public & Retail | 28.07% |
| Foreign Institutional Investors (FII) | 5.90% |
| Domestic Institutional Investors (DII) | 2.53% |
| Others | 0.00% |
High promoter holding ensures strategic continuity, while strong retail interest reflects confidence in the business model.
Godawari Power & Ispat Ltd: Strengths vs Risks
Strengths:
- Net debt-free (₹682 Cr cash vs ₹259 Cr debt)
- Industry-leading ROCE (23.44%) and ROE (17.21%)
- Captive coal mines ensure low fuel costs
- Long-term PPAs provide revenue visibility
Risks:
- Sales and profit declined in FY25 due to regulatory and operational issues
- Thermal power faces long-term headwinds from renewables
- Modest dividend yield (0.52%) limits income appeal
- P/B of 3.19x leaves a limited margin for error
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than market average (small-cap power stock) |
| Dividend/Income Potential | Minimal (0.52% yield) |
| Best For | Growth-oriented investors seeking integrated power-steel exposure with strong returns |
- Decline in FY25 sales (-7.55%) and profit (-16.11%)
- Concerns over thermal power viability amid India’s green transition
- Low institutional ownership limiting liquidity
Final Verdict
Godawari Power & Ispat Ltd combines integration advantages, capital efficiency, and a clean balance sheet. While near-term headwinds persist, its long-term fundamentals remain solid. Our Godawari Power share price target 2026–2030 (₹260 to ₹410) reflects steady appreciation driven by return ratios—not speculation.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – GPIL Consolidated Page (FY2025 + TTM)
- Finology Ticker – GPIL Financial Ratios & Valuation
- GPIL Investor Presentation (Q2 FY26, Nov 2025)
- BSE India – Annual Report FY2025
- Ministry of Power – Thermal Power Plant Performance Dashboard
