Slides
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Investor Presentation Q1 FY 2026 Igniting Next Phase of Growth GO DAWARI POWE R & ISPAT LTD.
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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Godawari Power and Ispat Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward -looking statement that may be made from time to time by or on behalf of the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years. 2 Disclaimer
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3 Business at a Glance 1 25+ years of Industry experience, incorporated in 1999 2 Backward integrated with 2 captive iron ore mines & Captive Power Generation 3 Comprehensive product portfolio spanning the entire value chain—from iron ore and pellets to steel and finished products 5 New initiatives – o Non-ferrous metal recycling by acquiring 43.96% stake in Jammu Pigments Ltd. o Entering Battery Energy Storage System (BESS) Manufacturing 6 Focus on ESG - Reducing carbon footprints with – o 165 MW Solar Power o 28.5 MW Biomass o 42 MW WHRB o 1.5 MW Wind Power Revenue CAGR (FY20-25) 10% EBITDA CAGR (FY20-25) 14% EBITDA Margin (FY25) 22% PAT Margin (FY25) 15% PAT CAGR (FY20-25) 36% Net Cash (FY25) Rs 863 Cr 3 . 4 Expanding capacities substantially for Iron Ore Mining, Pellets, Solar Power Plants and setting up 0.7MnT CRM Complex Iron Ore Production (FY25) 2.3 MnT Pellet Production (FY25) 2.4 MnT Sponge Iron Production (FY25) 0.6 MnT
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Q1FY26 Performance Highlights 4 324 318 408 Q1FY26 Q4FY25 Q1FY25 Operating EBITDA (Rs. Cr.) 216 222 287 Q1FY26 Q4FY25 Q1FY25 PAT (Rs. Cr.) 1,323 1,468 1,342 Q1FY26 Q4FY25 Q1FY25 Revenue (Rs. Cr.) 24% 22% 30% Q1FY26 Q4FY25 Q1FY25 Operating EBITDA Margin (%) Financial Performance (Consolidated) Performance Highlights o Sales turnover, EBITDA and PAT remained largely stable on a QoQ basis, despite fall in iron ore mining production due to delays in mining plan renewal approvals. o Sales, EBIDTA & PAT on YoY basis was lower, primarily due to a decline in sales realizations. o Production volumes of Pellet, Value added Steel products largely remained flat on YoY and QoQ. o Ferro Alloys production & sales volumes increased by 15% on QoQ and 13% on YoY basis. o Prices of pellet and steel are presently on increasing trend.
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5 Q1FY26 Key Strategic Updates Sales turnover, EBITDA and PAT remained largely stable on a QoQ basis, despite fall in iron ore mining production due to delays in mining plan renewal approvals. Decline in sales & profitability on YoY basis is mainly on account of fall in sales realization. 04 01 02 03 05 Operations at Boria Tibu Mines resumed in May’25 after GPIL received approval for updated 5-year mining plan by Indian Bureau of Mines. Got approval of PGCIL for supply of Steel Billets to all manufactures of Galvanized Steel Structures for their transmission projects. Board Approved establishment of 0.7 MnT CRM Complex for manufacture of Cold Rolled Steel products. Godawari New Energy Private Ltd became Wholly Owned Subsidiary of GPIL for setting up Battery Energy Storage Plant in Maharashtra. 06 Received approval of MoEF for setting up 2 million ton Green Field Steel Project.
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6 Business Model Simplified Strong Foundation Finished Products - Aligned with India’s Infrastructure Goals New Initiatives - To Be Future Ready Iron Ore Mining Iron Ore Pellets Non Ferrous Metal Recycling Battery Storage* Significant Competitive Advantage- o Cost Advantage through Captive Iron Ore Mines ensuring low input costs o Premium Pricing for High-Grade Pellets leading to higher margins through superior product quality Structural Steel Products Ferro Alloys Cold Rolled Coils* Galvanized Fabricated Products *New Project
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7 Investment Thesis Captive iron ore mines with 165 MnT reserves and 35+ years life; current capacity of 3.05 MnT, set to rise to 6.7 MnT by FY26 Produces High-Grade Pellets commanding a premium of Rs. 1,000–1,500 per Ton above market rates Net Cash Balance Sheet and strong Operating Cash Flows, geared to support the Capex Plans Strong Growth Plans - Ongoing Plans – Substantial increase in capacities of iron ore mining & pellets plant to 6.7MnT & 4.7MnT respectively expected by end of FY26. New Plans - Setting up 0.7 MnT CRM Complex with an estimated investment of Rs 900 Crores - Venturing into BESS Manufacturing with initial investment of Rs 700 Crores. Simplified group structure by exiting non-core businesses and consolidating subsidiary stakes Committed to sustainability with a Net Zero carbon goal by 2050
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Capex Plan - Igniting Next Phase of Growth 8 Project Particulars Existing Capacity ( MnT) Proposed Capacity Expansion (MnT) Total Capacity After Expansion Capex ( Approx. in Rs Cr ) Expected Completion Current Status Project Cost Cost Incurred Balance to be Incurred Iron Ore Mining 2.35 3.65 6.00 - - - Q3 FY26 Revised Mining Plan filed and TOR Received. The approval for revised mining plan is awaited and expected to be received by end of August and public hearing by Sept 2025. The Company is pursuing the matter and expect all approval to be in place by Q3 FY26 and start operations in Q4FY26. The beneficiation plant would be commissioned within 6 months thereafter. Crushing & Beneficiation 0.60 5.40 6.00 325 172 153 6 Months from Environment Approval Pellet Plant 2.70 2.00 4.70 600 370 230 Q2 FY26 Project construction is going on as per schedule and the major equipment's have been received at site and installation work is in process. The Company expects to start trial production from October 2025. SMS 0.525 0.05 0.575 13 1 12 - Expected production in Q4FY26 CRM Complex* - 0.7 0.7 900 - - This includes pre-operative expenditure, ICD and Margin for working Capital Solar Power Projects 165 MW 125 MW 290 MW 395 27 368 Q4 FY26 Land acquisition completed for additional Solar Capacity (125MW) for captive use of 2MnT pellet plant, beneficiation plant at Ari Dongri & SMS Expansion. BESS Project* - 10 GW 10 GW 700 - - Will be 100% subsidiary of GPIL Energy Efficiency & Decarbonisation Project - - - 75 28 47 March 2026 Majority of work has been completed. *New Capex to be funded 40% by equity and 60% by debt.
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Pellet 2.0 MnT Project status 9 S.no Description Job Status % 01 Basic designed 100 02 Detail designed 100 03 Procurement 100 04 Civil work 90 05 Fabrication work 90 06 Steel erection work 90 07 Equipment Erection 90 Commissioning Plan – October’25
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Emerging Opportunities 10 Godawari New Energy Private Limited Jammu Pigments Ltd. Metal Product Existing Capacity Lead (Alloy, Oxide & compounds) 1,26,198 TPA Zinc (Oxide, Sulphate & compounds) 29,431 TPA Copper (Cathode, Sulphate) 4,981 TPA Cadmium (Metal, Alloy) 8,400 TPA Other Metals 27,562 TPA Will focus on the Battery Energy storage (BESS) sector The Company is 100% subsidiary of GPIL In the first phase, the Company proposes to Invest Rs 700 Crores for 10GW BESS Project. The CRM Project will supply part of Raw material for manufacture of container this project. Will focus on recycling of non-ferrous metals GPIL has acquired 43.96% stake in Jammu Pigments Ltd; balance is with Mr. Ramesh Kumar Agarwal & Others This will lead to synergy benefits, in the form of recycling of Zinc residue left over in the process of galvanizing undertaken at GPIL and also diversification
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FY26 Guidance – Status Check 11 Iron Ore Mining Iron Ore Pellets Sponge Iron Steel Billets FY26 Guidance Q1FY26 Performance % Achieved 3.0 MnT 3.0 MnT 0.594 MnT 0.5 MnT 0.64 MnT 0.67 MnT 0.14 MnT 0.1 MnT 21% 22% 23% 20% Rolled Products 0.375 MnT 0.094 MnT 25% Ferro Alloys 91,500 T 27,109 T 30%
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Captive Mining Provides Competitive Edge 12 3,000 4,346 4,270 6,800 7,300 5,500 6,200 6,350 6215 2,181 2,310 2,462 2,375 2,800 3,000 2,800 3,000 2960 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q1FY26 Market Price of Iron Ore Captive Ore Landed Cost Note – Prices are indicative only
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Detailed Production Summary 13 Description of Goods M.T./ KWH Q1FY26 Q4FY25 QoQ (%) Q1FY25 YoY (%) FY25 FY24 YoY (%) Iron ore Mining M.T.s 6,42,243 7,08,739 -9% 5,90,488 9% 23,41,876 23,07,075 2% Iron ore Pellets M.T.s 6,73,750 6,77,950 -1% 6,51,700 3% 24,48,650 24,38,950 0% Sponge Iron M.T.s 1,38,664 97,566 42% 1,56,807 -12% 5,93,996 5,93,991 0% Steel Billets M.T.s 1,03,470 1,22,760 -16% 1,13,480 -9% 4,88,350 4,79,800 2% M.S. Rounds M.T.s 47,450 58,293 -19% 45,203 5% 2,23,755 2,38,685 -6% H.B. Wires M.T.s 25,235 24,134 5% 23,825 6% 99,999 81,500 23% Ferro Alloys - Consolidated M.T.s 27,109 23,644 15% 24,074 13% 1,00,655 72,570 39% Galvanized Fabricated Products M.T.s 23,545 27,669 -15% 15,528 52% 85,277 83,162 3% Rolled Structural Product M.T.s 21,737 21,499 1% N/A 21,499 - N/A Power Generation - Consolidated Units (Cr) KWH 29 31 -5% 31 -7% 126 100 27%
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Detailed Sales Volume Summary 14 Description of Goods M.T./ KWH Q1FY26 Q4FY25 QoQ (%) Q1FY25 YoY (%) FY25 FY24 YoY (%) Iron Ore Pellet M.T.s 4,66,575 6,21,356 -25% 4,42,102 6% 16,31,072 15,81,795 3% Sponge Iron M.T.s 12,828 0 N/A 28,132 -54% 72,758 60,198 21% Steel Billets M.T.s 35,439 34,150 4% 62,929 -44% 2,05,101 2,33,246 -12% M.S. Rounds M.T.s 24,852 29,392 -15% 20,423 22% 1,16,971 1,55,876 -25% H.B. Wire M.T.s 25,164 24,522 3% 23,841 6% 1,00,748 81,392 24% Ferro Alloys - Consolidated M.T.s 25,456 24,418 4% 19,503 31% 97,594 66,982 46% Galvanized Fabricated Product M.T.s 24,150 28,378 -15% 13,308 81% 81,896 83,872 -2% Rolled Structural Product M.T.s 2,107 2,147 -2% N/A 2,147 - N/A
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Detailed Realization Summary (Ex plant realization excluding export freight and expenses) 15 Description of Goods M.T./ KWH Q1FY26 Q4FY25 QoQ (%) Q1FY25 YoY (%) FY25 FY24 YoY (%) Iron Ore Pellet INR/M.T.s 9,828 9,528 3% 10,503 -6% 10,060 10,171 -1% Sponge Iron INR/M.T.s 24,756 - NA 30,986 -20% 29,123 30,418 -4% Steel Billets INR/M.T.s 41,682 41,535 0% 45,342 -8% 42,971 43,937 -2% M.S. Rounds INR/M.T.s 44,408 45,380 -2% 48,019 -8% 45,455 47,151 -4% H.B. Wire INR/M.T.s 48,075 46,586 3% 50,039 -4% 47,241 48,974 -4% Ferro Alloys - Consolidated INR/M.T.s 75,399 73,768 2% 72,218 4% 72,011 69,721 3% Galvanized Fabricated Product INR/M.T.s 78,767 68,340 15% 76,408 3% 72,277 80,564 -10% Rolled Structural Product INR/M.T.s 49,047 49,502 -1% N/A 49,502 - N/A
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GPIL Consolidated - Profit & Loss 16 Particulars (Rs. Crores) Q1FY26 Q4FY25 QoQ% Q1FY25 YoY% FY25 FY24 YoY% Net Sales 1,323 1,468 -10% 1,342 -1% 5,376 5,455 -1% Total Expenses 999 1,150 -13% 935 7% 4,182 4,127 1% Other Income 22 25 -9% 30 -25% 96 98 -2% EBIDTA 324 318 2% 408 -20% 1,194 1,328 -10% EBIDTA Margin (%) 24% 22% 30% 22% 24% -9% Depreciation 44 40 8% 38 15% 155 141 10% Finance Costs 15 15 2% 14 7% 55 60 -7% Share of Profit/(Loss) of Associate & JV 3 8 2 12 13 -9% Exceptional item 0 1 18 PBT 291 295 -2% 387 -25% 1,092 1,256 -13% Tax 74 74 1% 100 -26% 279 320 -13% PAT from Ordinary Activities 216 222 -2% 287 -24% 813 936 -13% OCI Net of Tax 1 -1 6 -5 25 Total Comprehensive Income 218 221 -1% 293 -26% 808 960 -16% PAT Attributable to Owners of Company 216 221 -2% 287 -25% 812 935 -13% PAT Margin (%) 16% 15% 21% 15% 17% EPS for Continuing Operations - Diluted (INR) 3.50 3.58 -2% 4.56 -23% 13.14 14.89 -12%
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GPIL Standalone Profit and Loss 17 Particulars (Rs. Crores) Q1FY26 Q4FY25 QoQ% Q1FY25 YoY% FY25 FY24 YoY% Net Sales 1,134 1,276 -11% 1,194 -5% 4,661 5,042 -8% Total Expenses 836 980 -15% 803 4% 3,543 3,735 -5% Other Income 24 27 -10% 28 -12% 102 90 13% EBIDTA 298 296 1% 391 -24% 1,118 1,307 -14% EBIDTA Margin (%) 26% 23% 33% 24% 26% Depreciation 39 36 9% 34 15% 137 127 8% Finance Costs 13 13 1% 12 10% 47 52 -10% Extra Ordinary Income 18 PBT 270 274 -1% 373 -27% 1,036 1,235 -16% Tax 70 70 0% 98 -29% 266 318 -16% PAT 201 204 -2% 275 -27% 770 917 -16% PAT Margin (%) 18% 16% 23% 17% 18% EPS - Diluted (INR) 3.08 3.14 -2% 4.15 -26% 11.82 13.86 -15%
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GPIL – Consolidated Balance Sheet 18 Particulars (Rs. Crores) 31.03.2025 31.03.2024 Particulars (Rs. Crores) 31.03.2025 31.03.2024 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 2,644 2,269 (a) Equity share capital 61 62 (b) Capital work-in-progress 430 430 (b) Other equity 4,845 4,434 (c) Goodwill on Consolidation 26 26 (c) Non Controlling/Minority Interest 31 58 (d) Other intangible assets 52 62 Sub Total - Equity 4,937 4,554 (e) Right to use assets 7 4 LIABILITIES (f) Intangible assets under construction 2 2 Non-current liabilities (g) Investment in associates and joint ventures 457 210 (a) Financial Liabilities (h) Financial assets (i) Investments 14 12 (i) Borrowings 4 9 (ii) Loans 119 50 (ii) Lease Liabilities 0 (iii) Other financial assets 80 32 (b) Provisions 12 9 (i) Non current tax assets 0 1 (c) Deferred Tax Liabilities (net) 266 228 (j) Other non current assets 58 38 Sub Total - Non Current Assets 3,890 3,139 Sub Total - Non Current Liabilities 282 246 Current Assets Current liabilities (a) Inventories 932 900 (b) Financial assets - (a) Financial Liabilities (i) Current Investments (i) Borrowings 305 42 (ii) Trade Receivables 132 212 (ii) Lease Liabilities 0 (iii) Cash and cash equivalents 329 119 (iii) Trade Payables - MSME 1 17 (iv) Bank balances other than (iii) above 365 751 - Others 459 512 (v) Other financial assets 1 1 (iv) Other financial liabilities 78 55 (vi) Loans 169 152 (b) Other current liabilities 53 74 (c) Current tax assets (net) 1 1 (c) Provisions 28 25 (d) Other current assets 337 270 (d) Current tax liabilities (net) 14 19 Sub Total - Current Assets 2,267 2,407 Sub Total - Current Liabilities 938 745 Total Assets 6,157 5,545 Total Equity and Liabilities 6,157 5,545
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GPIL – Standalone Balance Sheet 19 Particulars (Rs. Crores) 31.03.2025 31.03.2024 Particulars (Rs. Crores) 31.03.2025 31.03.2024 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 2,217 1,853 (a) Equity share capital 64.65 66 (b) Capital work-in-progress 332 340 (b) Other equity 4,592 4,254 (c) Other intangible assets 52 63 (d) Intangible assets under construction 2 2 Sub Total - Equity 4,656 4,320 (e) Right of Use Assets 7 4 (e) Financial assets LIABILITIES (i) Investments 913 646 Non-current liabilities (ii) Loans 119 50 (a) Financial Liabilities (i) Borrowings (iii) Other financial assets 73 18 (ii) Lease Liabilities 0 (f) Non current tax assets 0 1 (b) Provisions 9 6 (g) Other non current assets 47 36 (c) Deferred Tax Liabilities (net) 221 194 Sub Total - Non Current Assets 3,762 3,013 Sub Total - Non Current Liabilities 230 200 Current Assets Current liabilities (a) Inventories 694 685 (b) Financial assets (a) Financial Liabilities (i) Borrowings 259 (i) Investments (ii) Lease Liabilities 0 (ii) Trade Receivables 86 180 (ii) Trade Payables – MSME 0 16 (iii) Cash and cash equivalents 328 119 - Others 363 428 (iv) Bank balances other than (iii) above 355 746 (iii) Other financial liabilities 68 50 (v) Loans 163 163 (b) Other current liabilities 35 69 (vi) Other Financial Assets 21 11 (c) Provisions 28 25 (C) Other current assets 245 210 (d) Current tax liabilities (net) 14 19 Sub Total - Current Assets 1,892 2,114 Sub Total - Current Liabilities 767 607 Total Assets 5,654 5,127 Total Equity and Liabilities 5,654 5,127
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Unique Presence Across Steel Value Chain 20 Indicates FY25 Utilization (%) The Company is also having Fabrication and Galvanizing plant of 0.11 MT Note: MT - Million tonnes Capacity Asset FY25 Utilization (%) 3.05 MT 77% 2.7 MT 0.594 MT 0.525 MT 92% 93% 75% 91% 100% 93% Capacity Asset FY25 Utilization (%) 0.4 MT 0.10 MT 91,500T 236 MW 56% 100% 100% 89% MS Rounds HB Wires Ferro Alloys Power (Incl Solar & Wind) Iron Ore Mining Iron Ore Pellets Sponge Iron Steel Billets
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Large Portfolio of Long-life Assets 21 Represent Regional Presence Pelletisation Plant Odisha – Ardent Steel Keonjhar: 0.8 mn MTPA Bemetara, Chhattisgarh 52MW HFAL Solar Power Plant Siltara Integrated Plant Chhattisgarh 3.3 mn MTPA Iron Ore Beneficiation 2.7 mn MTPA Iron Ore Pellets 0.594 mn MTPA Sponge Iron 0.525 mn MTPA Steel Billets 0.2 mn MTPA Rolling Mill 0.1 mn MTPA HB Wire 98 MW Captive Power 16,500 MTPA Ferro Alloys Urla Industrial Area 0.2 mn MTPA Rolling Mill 0.11 Mn MTPA Fabrication Shop 60,500 TPA Ferro Alloys (HFAL) 20MW Captive Power (HFAL) 14,500 TPA Ferro Alloys (AFAL) 8 MW Captive Power (AFAL) Other Locations 8.50 MW Bio Mass IPP (HFAL- Mahasamund) 1.50 MW Wind Mill (Karnataka) Rajnandgaon, Chhattisgarh 70MW GPIL Solar Power Plant Maharumkala, Chhattisgarh 23MW GPIL Solar Power Plant Tulsipur, Chhattisgarh 20MW GPIL Solar Power Plant Ari Dongri Iron ore captive mine Chhattisgarh: 2.35 mn MTPA Boria Tibu Iron ore captive mine Chhattisgarh: 0.7 mn MTPA GPIL Plants GPIL Mines Indicators Represent Recycling Business JPL Plant Lead 126,198 MTPA Zinc 29,431 MTPA Copper 4,981 MTPA Cadmium 8,400 MTPA Other Metals 27,562 MTPA JPL Plants Indicator
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Simplified Group Structure 22 Alok Ferro Alloys Limited (AFAL) Godawari Energy Limited Godawari Power and Ispat Limited (GPIL) 100% 100% Jammu Pigments Limited (JPL) Hira Ferro Alloys Limited (HFAL) 43.96% 96.02% Associates JVs Ardent Steel Private Limited 33.30% 37.85% 23.9% 35.36% Raipur Infrastructure Company Limited Chhattisgarh Captive Coal Mining Private Limited Chhattisgarh Ispat Bhumi Limited GPIL has completed acquisition of 43.96% stake in the share capital of Jammu Pigments Limited (JPL) on a fully diluted basis as on 31st March’25. No substantial business No change in structure; will remain as they are
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International & Domestic Tailwinds 23 Global iron ore prices have remained within a range of $95 to $105 per ton so far this year, currently hovering around $100/t. The first half of the year was supported by weather related production losses. The second half will see increased supply and might put a lid on iron ore prices. The recent geopolitical tensions continue to weigh on global demand and supply dynamics. In response, China has been providing stimulus to boost household consumption. And for the first time resorted to direct transfer of cash to promote population growth. This augurs well for supporting demand. Add to this the high cost of domestic iron ore in China, creates a strong floor at around US$95-100/t for iron ore. We have some low cost capacities coming up in 2026, but for 2025, expect iron prices to range between US$90-105, with average around US$97-98. Iron ore prices (NMDC – Fines 64Fe) have been range bound except seasonal variation between Rs4500-5500/t. Rising domestic steel prices and stronger demand, supported by the implementation of safeguard duties continue to support the prices. Iron ore pellet prices have followed the same trend and has traded within a narrow band of Rs.8500 to Rs. 10,000 per/t YTD, with current levels around Rs. 10,050/t. Same trend to continue for 2HFY26. India's steel output rose 9.2% y-o-y in Jan–June 2025, making it a standout in a weak global market. Amid a sluggish global steel landscape, India stands out as a rare bright spot, driven by robust growth in infrastructure and construction—spurred by government-led initiatives such as the National Infrastructure Pipeline and Pradhan Mantri Awas Yojana (PMAY). This growth momentum is expected to continue in the coming quarters. International Market Domestic Market
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Sustainability at the Core
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Carbon Footprint Reduction: Strategies for Greener Future 25 Decarbonisation Initiatives Projects Current Status Focusing on energy-efficient, R&D projects and fuel switch to cut total plant CO2 emissions by 9-10% GPIL & Siemens Energy signed MoU to execute the waste heat recovery project. It is under implementation & is expected to be completed by March’26 Dash-Board for CBAM (Carbon Border Adjustment Mechanism) & GHG Emissions Monitoring Implemented with limited accessibility Installation of a 5TPD pilot carbon capture & utilization unit LOI issued to IIT Mumbai for technological transfer of 5TPD CCU Unit and is expected to be completed by March’26. Switching of Fuels in new Pellet Plant from Coal Gas to Natural Gas which will result in 64% reduction in CO2 Emission Has engaged Haryana Gas Company for a temporary supply agreement along with GAIL & last mile connectivity started. Initiated ISO 50001 Energy Management System Certification obtained. Features & Benefits of Decarbonisation Strategies Capex Rs. 75 Cr. Cost Savings Rs.38 Cr. Payback Period 3 years Output 11MW of additional power generation without extra fuel Target 2050 – Net Zero Carbon Emission 2.89 2.75 2.51 2.46 2.42 2.35 2.25 2.1 1.95 0 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY30 FY50 tCO2/Ton of Steel GPIL is a member of Indian Hydrogen Alliance & Member of Consortium formed by Ministry of Steel and IIMT for utilization of Hydrogen in Steel production
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CO2 Emissions Per Ton of Steel 26 CARBON BORDER ADJUSTMENT MECHANISM (CBAM)- By Centra World WORLD STEEL ASSOCIATION (WSA) (ISO 14064 STANDARD) Assured By SGS India Ltd. Financial Year (FY) tco2 / Ton of Steel FY 22-23 2.57 FY 23-24 2.49 FY 24-25 2.37 Financial Year (FY) tco2 / Ton of Steel FY 22-23 2.82 FY 23-24 2.55 FY 24-25 2.50 All The emission calculations are based solely on Fixed Carbon Basis.
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International Certificates Achieved 27 The Earth does not belong to us, We belong to earth ISO 50001:2018 (EnMS) ISO 27001:2022 (ISMS) ISO 26000 (CSR) Great Place To Work Certified ISO 14001:2015 (EMS) ISO 9001:2015 (QMS) ISO 45001:2018 (OH & SMS) New Certifications Implemented in 2024-25 Under Implementation Progress….
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28 Advancing towards a cleaner future Replacing diesel and petrol vehicles with electric ones… EV Loaders 12 Nos Eblu E Loaders 5 Nos Eblu two wheelers 9 Nos
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Strong focus on Sustainability Strengthening the ESG Framework 29 G Governance S Social E Environmental o Investing in environmentally friendly technologies o Focussed on renewable sources of energy o Reducing carbon footprints – aiming at Carbon Neutral growth through new solar PV projects o Strong community engagement o Talent development through skill set training and mentoring o Developing a stable eco – system of vendors o Strategic Clarity – delivering as per stated strategy (Sale of non core assets; balance sheet strengthening) o Disciplined capital allocation o Robust risk management framework Aligned with United Nations’ 10 principles for manufacturing responsibility and environmental sustainability
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CSR Activities – Serving Society through Industry 30 Library - ITI Hatbandh Renovation of Anganbadi Plantation Campaign Health Camp for Cancer Detection Community Hall - Girodh TB-Mukt Bharat Abhiyan
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Appendix
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Board of Directors 32 Mr. B L Agrawal (Chairman & Managing Director) 1st generation entrepreneur with almost 4 decades of experience; Graduated as an Electronic Engineer; started GPIL Mr. Dinesh Agrawal (Whole Time Director) 2+ decades of association with GPIL; 2nd generation entrepreneur; Electrical Engineer; Overseeing setting up of captive power plant Mr. Dinesh Gandhi (Executive Director) 3 decades of experience in Accounts, Finance & Project Financing; Chartered Accountant and Company Secretary Mr. Vinod Pillai (Non-Executive Director) 2 decades of experience in Sales, Administration, Liaison & Logistics; Commerce graduate Mr. Siddharth Agrawal (Executive Director) MBA with over 10 years of experience in various competencies especially in Solar Power Mr Abhishek Agrawal (Executive Director) 2nd generation entrepreneur; Masters in International Business from Leeds University, Started pellet plant in GPIL Mr. Hukam Chand Daga (Independent Director) 4+ decades of experience in various Aditya Birla Group companies namely Hindalco - Renusagar, Grasim Industries, Essel Mining etc. Mr. Sunil Duggal (Independent Director) 37 years of experience in leading high performance Teams; Served as CEO of Vedanta Ltd. and Hindustan Zinc Ltd. Mr Raj Kamal Bindal MCOM, CA & MBA; 22 years experience in areas of Energy, Infrastructure, Project Management, Financial Services and Infrastructure Finance Mr. Samir Agrawal (Independent Director) CA, CS, CFA; 20+ years of experience in sphere of capital raising, mergers and acquisitions, financial structuring and corporate restructuring Mrs. Neha Sunil Huddar (Independent Woman Director) Experience of 40yrs+ in finance, accounts, HR & compliance management; worked as Head of Finance in Reliance Foundation; VP Payroll at RIL Mrs. Roma Balwani (Independent Woman Director) 4 decades of experience in Manufacturing companies like Vedanta Group, L&T, Mahindra Group in various aspects of strategic business (Independent Director)
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Shareholding Pattern on 30th June’2025 33 63.48% 36.52% Promoter Public Particulars No. of Shares % of Total Sh. Domestic Institutions Promoter Non Institution FPI Total 1,78,84,056 42,48,55,795 18,29,49,382 4,35,69,745 66,92,58,978 2.67 63.48 27.34 6.51 100.00 Shareholding Pattern 30th June’ 2025
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Past Operational Performance at a Glance 34 Trend of Iron Ore Mining (mt) Trend of Pellet Production (mt) Trend of Sponge Iron Production (mt) Trend of Captive Power Generation - GPIL (kwh in Cr) Standalone numbers 693,612 326,358 444,695 657,328 1,175,090 1,579,693 1,547,384 1,657,629 1,699,920 2,312,888 2,595,953 2,307,075 2,341,876 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 619,620 902,550 1,532,200 1,580,850 1,495,100 1,841,050 1,933,250 1,999,150 2,256,550 2,399,500 2,616,500 2,438,950 2,448,650 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 293,887 371,784 381,059 491,652 434,538 439,139 460,008 494,955 494,991 494,982 494991 593,991 593,996 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 40 43 43 47 46 48 44 44 44 43 59 76 83 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25
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Past Operational Performance at a Glance (Ctd.)... 35 Trend of Steel Production (mt) Trend of Silico Manganese - GPIL (mt) MS Rounds Production (mt) HB Wire Production (mt) 185,021 188,190 177,970 227,581 204,162 197,596 298,418 344,610 350,865 327,050 325070 479,800 488,350 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 9,434 11,116 11,403 13,700 13,136 13,772 10,537 10,517 14,178 16,152 16,492 16,444 16,497 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 93,290 94,786 75,573 95,965 109,984 142,101 181,987 183,187 261,961 223,268 173,139 238,685 223,755 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 94,667 90,575 78,145 77,894 101,101 116,555 134,559 130,807 97,698 36,046 53,622 81,500 99,999 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 Standalone numbers
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Past Sales Realisations 36 7,872 7,798 5,067 4,360 5,365 6,809 7,091 8,607 12,390 9,409 10,171 10,060 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 18,277 18,934 13,310 12,383 16,678 19,736 16,897 20,645 31,746 33,804 30,418 29,123 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 28,681 29,493 22,689 21,830 27,720 33,072 28,590 33,545 43,427 49,512 43,937 42,971 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Iron ore Pellet Sponge Iron Steel Billets M.S. Round H.B. Wire Silico Manganese 33,265 33,409 27,034 26,330 32,460 38,740 33,327 37,335 48,092 52,331 47,151 45,455 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 34,683 36,169 28,080 28,063 34,015 40,666 35,182 36,898 47,981 53,926 48,974 47,241 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 51,665 53,365 43,139 52,696 64,632 67,611 63,898 63,186 98,222 80,354 66,255 67,590 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
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GPIL Consolidated – Historical Profit & Loss 37 Particulars FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 Net Sales 5,376 5,455 5,753 5,399 3,958 3,289 3,322 2,527 Total Expenses 4,182 4,127 4,589 3,535 2,821 2,664 2,532 1,931 Other Income 96 98 104 29 3 5 6 9 EBITDA 1,194 1,328 1,164 1,864 1,137 629 795 606 EBITDA Margin (%) 22% 24% 20% 35% 29% 19% 24% 24% Depreciation 155 141 124 105 109 137 133 132 Finance Costs 55 60 51 20 115 212 253 263 PBT 1,092 1,256 1,083 1,933 947 280 410 210 Tax 279 320 289 451 307 95 153 -6 PAT (attributable to Owner) 812 935 793 1,481 627 174 261 215 All figures in INR Crore
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GPIL Consolidated – Historical Balance Sheet 38 Particulars FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 Net Worth 4,937 4,554 3,947 3,442 2,108 1,503 1,336 1,084 Debt Long Term Debt 4 9 9 10 771 1,465 1,643 1,873 Short Term Debt 305 42 307 418 125 160 139 134 Other Long Term Liabilities 278 237 256 189 187 61 13 10 Current liabilities Accounts Payable 460 529 525 530 194 178 203 161 Other Current Liabilities 173 174 116 301 88 115 177 189 Total Liabilities and Equity 6,157 5,545 5,159 4,890 3,474 3,482 3,511 3,452 Non Current Assets Net Fixed Assets 3,074 2,704 2,409 2,056 2,057 2,407 2,379 2,436 Other Long Term Assets 816 434 428 455 398 142 147 208 Current Assets Inventory 932 900 811 874 504 557 616 432 Accounts Receivable 132 212 296 350 275 177 167 156 Loans and Advances & Other Current Assets 509 424 416 581 189 170 163 168 Cash and Cash Eq. (Incl. bank bal) 694 871 800 575 51 29 39 52 Total Application of Funds 6,157 5,545 5,159 4,890 3,474 3,482 3,511 3,452 All figures in INR Crore
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Investor Relations Contact: Sana Kapoor Go India Advisors sana@GoIndiaAdvisors.com M:+91 81465 50469 Sheetal Khanduja Go India Advisors sheetal@GoIndiaAdvisors.com M:+91 97693 64166 Company Contact: YC Rao Company Secretary Yarra.rao@hiragroup.com Godawari Power and Ispat Ltd. Sanjay Bothra Chief Financial Officer (CFO) sanjay.bothra@hiragroup.com Godawari Power and Ispat Ltd. Thank You GODAWARI POWER & ISPAT LTD. 39