Gallard Steel Limited - manufacturing in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
CIN U28113MP2015PLC034065 Incorporated 09 April 2015 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Listed - BSE: 544616 Public Limited Company manufacturing MSME · Small
Data last updated
Market Cap
₹139 Cr
GALLARD · BSE
Share Price
₹146.00
0.00% today
Revenue
₹68.04 Cr
FY 2025-26 · +27.6% YoY
EBITDA
₹15.26 Cr
Margin 22.4%
Net Profit
₹9.10 Cr
FY 2025-26 · +49.9% YoY
P/E (TTM)
15.7x
P/B 2.4x
ROE
24.0%
ROCE 23.4%
Debt / Equity
0.55
Interest cover 12.8x

About Gallard Steel Limited

Data last updated:

Gallard Steel Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 09 April 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U28113MP2015PLC034065. Its GSTIN is 23AAFCG9435R1ZZ (Madhya Pradesh). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544616.

The company has an authorised share capital of ₹10.11 Cr and a paid-up capital of ₹9.5 Cr. It is led by directors including Zakiuddin Sujauddin (Managing Director) and Bhavesh Kishor Waghani.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Flat No. 01 Sukhsneh Apartment 168 – M Khatiwala Tank, Indore, Madhya Pradesh, India – 452014.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹68.04 Cr, a growth of 27.6% compared to the previous year. For the same year it recorded a net profit of ₹9.1 Cr (net margin 13.4%) and EBITDA of ₹15.26 Cr (EBITDA margin 22.4%). The net worth stands at ₹58.73 Cr (up 243.9% YoY). Total assets are valued at ₹79.94 Cr (up 112.7% YoY).

The company has about 20 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Gallard Steel. As per MCA filings, the company has open charges of ₹26.76 Cr and satisfied charges of ₹80 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 10 deals on record (4 market trades, 3 secondary share transfers, 1 ipo), with disclosed funding of ₹4.08 Cr; the latest was in August 2026. Its 5 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Mandovi Casting Private Limited with revenue of ₹53.74 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2024, listing 16 overdue payments to 8 micro and small suppliers.

Gallard Steel Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0016834). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gallardsteel.com.

Company details

CIN U28113MP2015PLC034065
Registration Number 034065
Incorporation Date 09 April 2015
ROC Gwalior
Listing Status Listed - Listed on BSE (544616)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-23-0016834

Recognitions & Rankings of Gallard Steel

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MP-23-0016834

Contact details

Gallard Steel Limited's registered office is in Indore, Madhya Pradesh. Its website is gallardsteel.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Flat No. 01 Sukhsneh Apartment 168 – M Khatiwala Tank, Indore, Madhya Pradesh, India – 452014
  • Industry
    Manufacturing, Die Casting & Metal Forming

To see the full contact details of Gallard Steel Limited, buy the company report.

Comprehensive company report
Gallard Steel Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Gallard Steel operates one associated brand: Gallard Steel. Each brand links to its own profile.

BrandDescriptionWebsite
Steel foundry and engineering services in India.gallardsteel.com

Business activity

The main business activity of Gallard Steel is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Gallard Steel Limited, buy the company report.

Financials of Gallard Steel Limited

FY 2025-26 filings available

Gallard Steel Limited reported revenue of ₹68.04 Cr (up 27.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹68.04 Cr
+27.6% YoY
EBITDA
₹15.26 Cr
+22.1% YoY
Profit After Tax
₹9.10 Cr
+49.9% YoY
Net Worth
₹58.73 Cr
+243.9% YoY
Total Assets
₹79.94 Cr
+112.7% YoY
Total Debt
₹21.15 Cr
+3.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue68.0453.3226.8220.59
Revenue growth+27.6%+98.8%+30.3%-
EBITDA15.2612.505.071.91
EBITDA margin+22.4%+23.4%+18.9%+9.3%
Profit before tax12.188.443.671.53
Net profit9.106.073.191.14
Net profit margin+13.4%+11.4%+11.9%+5.5%
EPS (₹)9.588.674.575.03
Balance sheet
Total assets79.9437.5830.7315.51
Net worth58.7317.0811.036.09
Total debt21.1520.4517.599.41
Cash & bank26.410.251.660.29
Net working capital44.3412.0711.964.68
Cash flow
Cash from operations4.196.741.52(2.02)
Cash from investing(9.82)(6.33)(10.08)0.59
Cash from financing31.80(0.86)8.961.55
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue57.4742.6126.8220.5914.109.08
Revenue growth+34.9%+58.9%+30.3%+46.0%+55.3%-
EBITDA11.008.835.081.911.280.89
EBITDA margin+19.1%+20.7%+18.9%+9.3%+9.1%+9.8%
Profit before tax8.866.573.671.530.320.13
Net profit6.744.733.181.140.240.09
Net profit margin+11.7%+11.1%+11.9%+5.5%+1.7%+1.0%
EPS (₹)7.096.754.555.031.020.43
Balance sheet
Total assets66.67-30.7115.5112.1410.31
Net worth54.78-11.026.094.964.74
Total debt11.83-17.669.417.174.60
Cash & bank26.33-1.660.290.180.12
Net working capital41.86-11.964.682.092.90
Cash flow
Cash from operations1.463.871.52(2.02)1.794.50
Cash from investing(5.78)(2.99)(9.12)0.59(3.95)(0.56)
Cash from financing30.41(1.17)8.961.552.22(3.97)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue68.0453.3226.8220.59
Revenue growth+27.6%+98.8%+30.3%-
Other income1.750.211.041.06
Total expenses52.7840.8221.7518.68
Employee cost4.272.510.760.37
EBITDA15.2612.505.071.91
EBITDA margin+22.4%+23.4%+18.9%+9.3%
Depreciation3.302.621.320.70
Interest1.531.651.120.74
Profit before tax12.188.443.671.53
Tax3.082.350.480.39
Net profit9.106.073.191.14
Net profit margin+13.4%+11.4%+11.9%+5.5%
EPS (₹)9.588.674.575.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital9.507.007.002.26
Reserves & surplus49.2310.084.033.83
Shareholders' funds (net worth)58.7317.0811.036.09
Minority interest0.000.000.000.00
Secured loans17.2715.4912.465.45
Unsecured loans3.884.965.133.96
Total debt21.1520.4517.599.41
Total liabilities79.9437.5830.7315.51
Assets
Gross block31.5822.8017.008.83
Net block22.9916.0612.865.28
Capital work in progress4.895.954.853.65
Investments0.000.000.000.00
Inventories6.876.295.283.26
Sundry debtors19.9914.809.104.53
Cash & bank balances26.410.251.660.29
Loans & advances1.491.924.330.70
Total current assets54.7623.2620.378.78
Total current liabilities10.4211.198.414.10
Net working capital44.3412.0711.964.68
Total assets79.9437.5830.7315.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash0.250.700.290.18
Net cash from operating activities4.196.741.52(2.02)
Net cash from investing activities(9.82)(6.33)(10.08)0.59
Net cash from financing activities31.80(0.86)8.961.55
Net change in cash26.17(0.45)0.400.12
Closing cash26.410.251.660.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth+27.6%+98.8%+30.3%-
EBITDA growth+22.1%+146.6%+165.5%-
PBT growth+44.3%+130.0%+139.9%+9997.0%
Net income growth+49.9%+90.3%+179.8%-
Revenue CAGR (3Y)+49.0%---
EBITDA CAGR (3Y)+99.9%---
Profitability & leverage
Net income margin+13.4%+11.4%+11.9%+5.5%
Return on capital employed+23.4%+29.5%+20.7%+14.6%
Return on net worth+24.0%+43.2%+37.4%+18.6%
Debt / equity0.551.351.581.55
Long-term debt / equity0.250.800.860.69
Interest cover12.7916.7029.8761.16
Efficiency & per share
Fixed asset turnover2.502.682.082.33
Inventory turnover10.349.226.286.32
Debtors turnover3.914.463.944.55
EPS (₹)9.588.674.575.03
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)61.8224.4015.7527.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue57.4742.6126.8220.5914.109.08
Revenue growth+34.9%+58.9%+30.3%+46.0%+55.3%-
Other income0.750.131.041.060.010.01
Total expenses46.4733.7821.7418.6812.828.19
Employee cost1.840.000.760.370.210.44
EBITDA11.008.835.081.911.280.89
EBITDA margin+19.1%+20.7%+18.9%+9.3%+9.1%+9.8%
Depreciation1.891.251.320.700.580.54
Interest1.001.141.130.740.390.23
Profit before tax8.866.573.671.530.320.13
Tax2.121.840.490.390.080.04
Net profit6.744.733.181.140.240.09
Net profit margin+11.7%+11.1%+11.9%+5.5%+1.7%+1.0%
EPS (₹)7.096.754.555.031.020.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital9.50-7.002.262.262.26
Reserves & surplus45.28-4.023.832.702.48
Shareholders' funds (net worth)54.78-11.026.094.964.74
Secured loans10.44-12.465.454.200.00
Unsecured loans1.39-5.203.962.974.60
Total debt11.83-17.669.417.174.60
Total liabilities66.67-30.7115.5112.1410.31
Assets
Gross block19.32-17.008.839.278.08
Net block12.65-12.865.285.394.78
Capital work in progress4.15-4.853.653.792.00
Investments2.37-0.000.000.000.00
Inventories5.07-5.283.262.712.60
Sundry debtors17.72-9.104.531.991.38
Cash & bank balances26.33-1.660.290.180.12
Loans & advances0.80-4.330.700.510.49
Total current assets49.92-20.378.785.394.59
Total current liabilities8.06-8.414.103.301.69
Net working capital41.86-11.964.682.092.90
Total assets66.67-30.7115.5112.1410.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash0.240.530.290.180.120.15
Net cash from operating activities1.463.871.52(2.02)1.794.50
Net cash from investing activities(5.78)(2.99)(9.12)0.59(3.95)(0.56)
Net cash from financing activities30.41(1.17)8.961.552.22(3.97)
Net change in cash26.09(0.29)1.370.120.06(0.03)
Closing cash26.330.241.660.290.180.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+34.9%+58.9%+30.3%+46.0%+55.3%-
EBITDA growth+24.6%+73.8%+166.0%+49.2%+43.8%-
PBT growth+141.4%+79.0%+139.9%+378.1%+146.2%+9997.0%
Net income growth+42.5%+48.7%+179.0%+375.0%+166.7%-
Revenue CAGR (3Y)+59.7%+44.6%+43.5%---
EBITDA CAGR (3Y)+104.8%+90.4%+78.7%---
Profitability & leverage
Net income margin+11.7%+11.1%+11.9%+5.5%+1.7%+1.0%
Return on capital employed+14.8%-+20.8%+15.7%+5.6%+3.2%
Return on net worth+12.3%-+37.2%+18.6%+3.8%+1.6%
Debt / equity0.22-1.581.501.210.97
Long-term debt / equity0.08-0.860.770.720.55
Interest cover10.9815.0430.0561.1655.7165.71
Efficiency & per share
Fixed asset turnover2.97-2.082.281.631.12
Inventory turnover11.34-6.286.905.313.49
Debtors turnover3.24-3.946.328.376.58
EPS (₹)7.096.754.555.031.020.43
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)57.670.0015.7427.0021.9621.00

To see the full year-wise statements and ratios of Gallard Steel Limited, buy the company report.

Board of directors and KMP of Gallard Steel Limited

Gallard Steel Limited currently reports 4 directors and 2 key managerial personnel. 6 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Pallavi PariharCompany Secretary01 May 20242 Years 5 MonthsCurrent
Bhavesh Kishor WaghaniDirector01 May 20242 Years 5 MonthsCurrent
Zahabia KalabhaiDirector06 Aug 20188 Years 2 MonthsCurrent
Ashish Sanjay AgarwalDirector01 May 20242 Years 5 MonthsCurrent
Hakimuddin GhantawalaCfo01 Apr 20242 Years 6 MonthsCurrent
Zakiuddin SujauddinManaging Director04 Dec 201510 Years 10 MonthsCurrent

Peer comparison

Gallard Steel Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Gallard Steel Limitedthis company₹68.04 Cr (FY 2026)₹9.1 Cr13.4%27.6%20Indore, Madhya Pradesh, India
Mandovi Casting Private Limited₹53.74 Cr (FY 2025)-53.0%Goa, India
D M K Castings Pvt Ltd₹53.68 Cr (FY 2024)6.0%Ludhiana, Punjab, India
Kansara Popatlal Tibhovandas Metal Private Limited₹53.51 Cr (FY 2025)10.0%Gandhinagar, Gujarat, India
Vedkiran Steel Industries Private Limited₹53.44 Cr (FY 2025)64.0%Delhi, India
Didar Steel Complex Private Limited₹53.41 Cr (FY 2025)-11.0%Punjab, India

To see the full peer comparison of Gallard Steel Limited, buy the company report.

Auditor

Gallard Steel Limited is audited by Sojatiya and Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Sojatiya and AssociatesFY 2023422853

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 67.20%, foreign institutional investors hold 4.60%, domestic institutional investors hold 9.20% and retail and other public shareholders hold 19.00%.

Promoters: 67.20%DII (Domestic Institutional): 9.20%FII (Foreign Institutional): 4.60%Retail & Others: 19.00%
Sep 2026
QUARTER
67.20% Promoters
9.20% DII (Domestic Institutional)
4.60% FII (Foreign Institutional)
19.00% Retail & Others
Promoter holding - history
Now 67.20% · Sep 2026High 67.20% · Jun 2026Low 67.20% · Jun 2026
66%66.8%67.5%68.3%69%Jun 2026Sep 2026Jun 2026: 67.20%Sep 2026: 67.20%67.20%67.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026
Promoters67.20%67.20%
Public32.80%32.80%

Charges & borrowings

Open charges
₹26.76 Cr
Satisfied charges
₹80 Lakh
Breakdown by lending institutions
Others₹12.85 Cr
Sidbi₹7.00 Cr
Yes Bank Limited₹6.91 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Sep 2025101170505Others₹6 CrOpen
12 Sep 2025101170781Others₹4 CrOpen
05 Jun 2025101137526Others₹2.67 CrOpen
01 Jul 2024100964915Others₹18 LakhOpen
30 Nov 2023100824485Sidbi₹2 CrOpen

To see the full charge records of Gallard Steel Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Gallard Steel Limited has 10 deals on record (4 market trades, 3 secondary share transfers, 1 ipo), with disclosed funding of ₹4.08 Cr; the latest was in August 2026.

Total deals
10
Market trades
4
Secondary share transfers
3
IPO
1
Rights issue
1
Disclosed funding
₹4.08 Cr

Deals on record (5 of 10)

WhenDealAmountParties
Aug 2026Market trade₹1.48 CrBuyer: Brighter Mind Inevitable Fortune Fund
Dec 2025Market trade₹1.14 CrBuyer: Shripal V Vora (Huf)
Seller: Shripal V Vora (Huf)
Dec 2025Market trade₹1.6 CrSeller: Vora Financial Services Private Limited
Nov 2025Market trade₹8.86 CrBuyer: Mansi Share and Stock Broking Private Limited , Vora Financial Services Private Limited , Aarth.Aif Growth Fund
Jan 2018Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Plenum Industries Private Limited , an individual

To see the full deal history of Gallard Steel Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Gallard Steel Limited has 2 MSME Form 1 returns on record for the period ending Mar 2024, listing 16 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 8)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Gallard Steel Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Gallard Steel Limited has a workforce of 20 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.

Employee count
20
Active EPFO establishments
1

GST

Gallard Steel has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
23AAFCG9435R1ZZMadhya PradeshActive01 Jul 2017
23AAFCG9435R1D8Madhya PradeshActive03 Jan 2025

To see the full GST registrations and return filing status of Gallard Steel Limited, buy the company report.

Recent activity

Gallard Steel Limited has 12 board changes on record since 2015: 6 appointments and 6 cessations. The latest: Ashish Sanjay Agarwal was appointed as Director on 01 May 2024.

Filing
Gallard Steel Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Gwalior.
AGM
Gallard Steel Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101170505 was registered on 12 Sep 2025.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101170781 was registered on 12 Sep 2025.
Charges
A charge with Others amounted to Rs. 2.67 Cr with Charge ID 101137526 was registered on 05 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100964915 was registered on 01 Jul 2024.
Charges
A charge with Yes Bank Limited of Rs. 6.91 Cr registered on 21 Jul 2018 with Charge ID 100208324 was modified on 31 May 2024.
Appointed
Ashish Sanjay Agarwal was appointed as Director.
Appointed
Bhavesh Kishor Waghani was appointed as Director.
Appointed
Pallavi Parihar was appointed as Company Secretary.
Appointed
Hakimuddin Ghantawala was appointed as CFO.
Charges
A charge with Sidbi amounted to Rs. 2.00 Cr with Charge ID 100824485 was registered on 30 Nov 2023.

13 earlier events are in the company report.

Frequently asked questions

Gallard Steel is an active public limited company based in Indore, Madhya Pradesh, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 09 April 2015 (11+ years old) and is registered under CIN U28113MP2015PLC034065. Listed on BSE: 544616.

Gallard Steel reported revenue of ₹68.04 Cr for FY 2025-26 (up 27.6% YoY) based on consolidated financials.

Gallard Steel has 6 current directors and KMP:

The latest financial statements of Gallard Steel on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Gallard Steel is 23AAFCG9435R1ZZ, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AAFCG9435R1D8 (Madhya Pradesh).

The CIN (Corporate Identification Number) of Gallard Steel is U28113MP2015PLC034065. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Gallard Steel is a listed company as per MCA records. Its shares are listed on BSE (code: 544616).

Gallard Steel has 2 court cases on record: 2 filed by the company.

Gallard Steel was incorporated on 09 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Gwalior.

Gallard Steel has 10 deals on record (4 market trades, 3 secondary share transfers, 1 ipo), with disclosed funding of ₹4.08 Cr; the latest was in August 2026.

The peers of Gallard Steel by revenue are Mandovi Casting Private Limited, D M K Castings Pvt Ltd, Kansara Popatlal Tibhovandas Metal Private Limited, Vedkiran Steel Industries Private Limited, Didar Steel Complex Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).

Ashish Sanjay Agarwal was appointed as Director on 01 May 2024. Bhavesh Kishor Waghani was appointed as Director on 01 May 2024. Pallavi Parihar was appointed as Company Secretary on 01 May 2024. Gallard Steel has 12 board changes on record in total.