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GODAWARI POWER & ISPAT LTD.GODAWARI POWER & ISPAT LTD.GODAWARI POWER & ISPAT LTD.

GODAWARI POWER & ISPAT LTD.

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GPIL trade ideas

Is this the Trend Reversal /Bottomed out ?? NSE:GPIL has shown amazing performance in its business in last Financial Year. Market ( GPIL ) has shown some strength over last one month forming higher highs and higher lows consistently. After the Government amendments on Export duty of Steel ( Increased ). Steel market has shaken off some bite but now it came on track it feels. Founders & Chairpersons are looking forward for the expansion of their Business as they acquired 79% stake in Alok Ferro Alloys Ltd. While Technical indicators are bullish one must only buy after seeing closing above @265 strictly maintaining own Stop Loss. Disclaimer: Information provided here is just for Educational purpose, One must do its own analysis before taking any #Risk. Consult ur financial advisor for better view on same.
NSE:GPILLong
by Rahul_Ramuka
GPIL support retest and bounce back1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a long consolidation since July 2021, NSE:GPIL gave a high volume breakout on 11th April. On 12th April it retested its support level and bounced back. It is a buy with a stop just below his 432. Other fundamentals: 1. CRISIL Ratings had upgraded its rating on the long-term bank facilities of GPIL to 'CRISIL A+/Stable’ from ‘CRISIL A/Stable’, and has reaffirmed its ‘CRISIL A1’ rating on the short-term bank facilities. 2. It is expected that GPIL’s credit risk profile will improve in the near term aided by faster-than-anticipated deleveraging. On standalone basis, the company turned term debt free in the second quarter of fiscal 2022 and healthy liquidity is expected to be maintained going forward. As a result, consolidated leverage has improved significantly, as indicated by improvement in debt to earnings before interest, tax, depreciation and amortisation (Ebitda) ratio of 0.7 times as on March 31, 2021, compared with 2.7 times a year earlier. Operating efficiency should improve further as the entire iron ore requirement will be met through captive mines after ramp up of production on incremental capacity. Additionally, the augmentation of steel-making capacity in the current fiscal will strengthen the market position further. 3. High realisations across the steel industry boosted the performance of GPIL in fiscal 2021 despite disruptions amid the Covid-19 pandemic and the performance is likely to remain strong this fiscal as well. Standalone operating income and operating profit grew by 32% and 139%, respectively, in fiscal 2021, and are likely to further rise in fiscal 2022, as evident from the first quarter financial performance. Operating profitability will structurally improve over the medium term, supported by enhanced backward linkages leading to cost saving, ensuring healthy cash generation. 4. The company has a plan for setting up a greenfield integrated steel plant with capacity of 1.5-2 million tonne (MT) of flat products at estimated capital outlay of around Rs 4,000 crore over the next 3-5 years. The company has initiated the process for land acquisition and other regulatory clearances for setting up the project. Given the initial stage of the project, the structure including the funding mix and other modalities are not yet finalized. According to the management the debt to Ebitda ratio will not exceed 1 time for the entire tenure of the project. 5. The company meets 100% of its power requirement through its captive power capacity of 73 MW (WHRS 42 MW, biomass 20 MW and coal 11 MW) and an additional 25 MW by an arrangement with Jagdamba Power & Alloys Ltd (JPAL; associate company). In addition, the company has coal linkages with Coal India Ltd for around 46% of its requirement. Forward integration has led to diversified products (wire rods, hard bright wires and pre-fab structures) and revenue profile with the flexibility of selling products based on realisations. Furthermore, efficiency measures, such as setting up an iron ore beneficiation plant (to improve the iron content and thus realisation) and hot rolling mill in the same premises (reduces transportation cost and reheating requirement) and a captive solar photovoltaic plant for increased steel capacity, will improve the operating efficiency and profitability sustainably. 6. Consolidated cash accrual, expected over Rs 1,000 crore in fiscal 2022, will comfortably cover minimal term debt obligation. 7. TTM sales growth at 48% and TTM profit growth at 295%. 8. The company has delivered good profit growth of 55.88% CAGR over last 5 years. 9. Company has a good return on equity (ROE) track record: 3 Years ROE 26.19%. 10. Debt to equity at 0.18 (less than 1 is good), Interest Coverage at 31.4 (greater than 3 is good), Current ratio at 2.25 (greater than 1.5 is good). 11. Debt reduced from ₹2214Cr. in 2017 to ₹469Cr. In September 2021.
NSE:GPILLong
by akashbothra
Target 1 achieved in GPIL. Gain of 25% Target 2 is ON.This is follow-up on Godawari Power and Ispat Limited (GPIL). Can check link to related ideas. Target 1 achieved. Gain of more than 25%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GPILLong
by MandeepSinghKohli
9
Godawari Power-GPIL- Cup n handle breakout- Daily ChartsGodawari Power-GPIL- Cup n handle breakout- Daily Charts Breakout abv 400 DCB, First tgt 440(handle tgt) Final tgt 400+165=565(550 to 570). other multiple formations, if cross abv 440 dcb, which takes tgt to 1000+ Fundamentals: Company with good fundamentals, available at a decent PE of 4.5. mkt cap to sales is 1, ROCE of 37%,means if one invest 5000 cr and takes over this company at current valuation, it wud take him just 4 years to recover his invested capital. Isn`t it too cheap? Gud company to hold for long term tgts of 1000+ Promoter holding 67%. Debt to Equity is 0.18. Mkt cap 5000 cr. Discloure: Holding for long term Regards mayank
NSE:GPILLong
by mayank79
GPIL - Important support/resistance levelsKey highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Has been consolidating in a range of about 140 points. - Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 525. - Since the stock is in a heavy uptrend, we are only concerned with upside target. - Any pullback towards the range low seems like a buying opportunity. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:GPIL
by johntradingwick
9
NSE Godawari Power - Money Making Tree GPIL has formed a downtrend channel for the last six months . Price has created five no trading zones. No trading zone is an area where trading activities haven't taken place. It has formed two excess on the lower band and three rejections two rejections from the upper bend. The control line has made eight touches . Currently, the price is on the upper band of the parallel channel. Don't forget that price has provided two successful rejections from the upper band. The trader can initiate a short position for the following targets: 313 - 304 - 290. Invalidation: Breakout of the parallel channel.
NSE:GPILShort
by forextidings
6
Resistance Breakout for more than 5% 📈DON'T HAVE TIME TO MANAGE YOUR TRADES? | Resistance Breakout in GPIL - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Buy Today, Sell Tomorrow: GPIL for more than 5%
NSE:GPILLong
by Kapil-Mittal
1