
About Goldstar Power Limited
Data last updated:
Goldstar Power Limited is a public limited company based in Jamnagar, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 12 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L36999GJ1999PLC036274. Its GSTIN is 24AABCG3071D1Z6 (Gujarat). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: GOLDSTAR.
The company has an authorised share capital of ₹38 Cr and a paid-up capital of ₹28.62 Cr. It was formerly known as Goldstar Power Private Limited” and Goldstar Power Private Limited. It is led by directors including Navneetbhai Pansara (Managing Director) and Amratlal Mohanbhai Pansara (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Behind Ravi Patrolpumphigh – Way Rd At & Post – Hapa, Jamnagar, Gujarat, India – 361120.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹8,38,12,378 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹29,41,305 Cr (net margin 3.5%) and EBITDA of ₹32,16,720 Cr (EBITDA margin 3.8%). The net worth stands at ₹1,67,12,792 Cr (up 448.5% YoY). Total assets are valued at ₹3,07,00,659 Cr (up 641.8% YoY).
The company has about 69 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Goldstarnigeria and Goldstar Power. As per MCA filings, the company has open charges of ₹27.01 Cr and satisfied charges of ₹66.31 Cr on record. Court records list 15 cases involving the company, including 12 filed by the company and 3 filed against it; 2 cases are pending. The company has 19 deals on record (18 market trades, 1 ipo); the latest was in February 2023. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 3 smaller; the largest is Orbit Electromech India Private Limited with revenue of ₹50.66 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goldstarpower.com.
Company details
Name history
Goldstar Power has undergone 3 name changes throughout its history. The company was previously known as Goldstar Power Private Limited”, Goldstar Power Private Limited, and Goldstar Battery Private Limited. The current legal name is Goldstar Power Limited.
| Company Name | Status |
|---|---|
| Goldstar Power Limited | Current |
| Goldstar Power Private Limited” | Previous |
| Goldstar Power Private Limited | Previous |
| Goldstar Battery Private Limited | Previous |
CIN history
Goldstar Power has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L36999GJ1999PLC036274, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L36999GJ1999PLC036274 | Current |
| U36999GJ1999PTC036274 | Previous |
| U36999GJ1999PLC036274 | Previous |
Contact details
Goldstar Power Limited's registered office is in Dist Jamnagar 361120, Gujarat. Its website is goldstarpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBehind Ravi Patrolpumphigh – Way Rd At & Post – Hapa, Jamnagar, Gujarat, India – 361120
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Goldstar Power Limited, buy the company report.
- 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
Brands
Goldstar Power operates two associated brands: Goldstarnigeria and Goldstar Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Batteries are manufactured and developed for automotive and other uses. | goldstarpower.com | |
| Battery and solar energy products and services are provided in Nigeria and India. | shaznsab.com |
Business activity
The main business activities of Goldstar Power are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Goldstar Power Limited, buy the company report.
Financials of Goldstar Power Limited
FY 2025-26 filings availableGoldstar Power Limited reported revenue of ₹8,38,12,378 Cr (up 1632.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Income statement | ||
| Revenue | 8,38,12,378 | 48,38,130 |
| Revenue growth | +1632.3% | - |
| EBITDA | 32,16,720 | 4,56,584 |
| EBITDA margin | +3.8% | +9.4% |
| Profit before tax | 29,71,309 | 3,49,291 |
| Net profit | 29,41,305 | 2,28,002 |
| Net profit margin | +3.5% | +4.7% |
| EPS (₹) | 1.03 | 0.09 |
| Balance sheet | ||
| Total assets | 3,07,00,659 | 41,38,620 |
| Net worth | 1,67,12,792 | 30,47,169 |
| Total debt | 8,06,097 | 10,91,451 |
| Cash & bank | 5,20,935 | 17,437 |
| Net working capital | 2,80,69,161 | 16,49,987 |
| Cash flow | ||
| Cash from operations | (1,08,34,634) | 8,95,820 |
| Cash from investing | 67,96,735 | (6,652) |
| Cash from financing | 45,41,396 | (8,86,897) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 508 | 432 | 270 | 127 | 9.84 | 18.99 | 7.18 | 14.95 |
| Revenue growth (YoY) | +5066.8% | +2174.5% | +3655.0% | +747.8% | +30.3% | - | - | - |
| Other income | 0.36 | 0.02 | 0.19 | 1.20 | 0.39 | 0.86 | 0.01 | 0.53 |
| EBITDA | 15.50 | 18.94 | 11.34 | 0.54 | 1.34 | 2.62 | (0.33) | 2.18 |
| EBITDA margin | +3.0% | +4.4% | +4.2% | +0.4% | +13.6% | +13.8% | -4.6% | +14.6% |
| Depreciation | 0.60 | 0.41 | 0.84 | 0.86 | 0.37 | 0.40 | 0.40 | 0.00 |
| Interest | 0.69 | 0.86 | 0.30 | 0.33 | 0.29 | 0.26 | 0.36 | 0.43 |
| Profit before tax | 14.57 | 17.69 | 10.39 | 0.55 | 1.07 | 2.82 | (1.08) | 2.28 |
| Tax | (0.02) | 0.10 | (0.01) | (0.16) | 0.36 | 0.49 | 0.03 | 0.76 |
| Net profit | 14.59 | 17.59 | 10.40 | 0.71 | 0.71 | 2.33 | (1.11) | 1.52 |
| EPS (₹) | 0.26 | 0.17 | 0.39 | 0.02 | 0.03 | 0.00 | (0.05) | 0.06 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 37.10 | 48.38 | 50.17 | 49.98 | 42.91 | 42.06 | 35.88 |
| Revenue growth | -23.3% | -3.6% | +0.4% | +16.5% | +2.0% | +17.2% | - |
| EBITDA | 2.02 | 4.56 | 6.83 | 5.94 | 2.41 | 0.95 | 0.90 |
| EBITDA margin | +5.4% | +9.4% | +13.6% | +11.9% | +5.6% | +2.3% | +2.5% |
| Profit before tax | 1.27 | 3.48 | 5.50 | 5.01 | 1.07 | 0.16 | 0.31 |
| Net profit | 1.01 | 2.27 | 4.04 | 3.76 | 0.72 | 0.07 | 0.38 |
| Net profit margin | +2.7% | +4.7% | +8.1% | +7.5% | +1.7% | +0.2% | +1.1% |
| EPS (₹) | 0.04 | 0.09 | 0.17 | 0.19 | 0.66 | 0.07 | 0.35 |
| Balance sheet | |||||||
| Total assets | 89.58 | 41.39 | 46.41 | 37.30 | 38.06 | 31.28 | 28.44 |
| Net worth | 81.52 | 30.47 | 28.19 | 24.15 | 20.42 | 19.71 | 19.64 |
| Total debt | 8.06 | 10.91 | 18.21 | 13.15 | 17.64 | 11.57 | 8.80 |
| Cash & bank | 2.36 | 2.56 | 0.15 | 0.11 | 0.08 | 2.66 | 0.72 |
| Net working capital | 15.00 | 16.49 | 21.91 | 22.47 | 21.67 | 21.11 | 15.82 |
| Cash flow | |||||||
| Cash from operations | 4.74 | 8.96 | 7.99 | 6.54 | (0.93) | (0.17) | 0.50 |
| Cash from investing | (0.80) | (0.07) | (11.17) | (0.54) | (7.44) | 1.05 | 0.10 |
| Cash from financing | (3.92) | (8.87) | 3.22 | (5.97) | 5.79 | 1.06 | 0.02 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.88 | 4.12 | 5.05 | 18.08 | 9.84 | 25.87 | 7.18 | 14.95 |
| Revenue growth (YoY) | -30.1% | -84.1% | -29.7% | +20.9% | +30.3% | - | - | - |
| Other income | 0.36 | 0.02 | 0.19 | 1.20 | 0.39 | 1.16 | 0.01 | 0.53 |
| Total expenses | 6.92 | 2.80 | 4.94 | 18.85 | 8.50 | 23.78 | 7.51 | 12.77 |
| EBITDA | (0.04) | 1.32 | 0.11 | (0.77) | 1.34 | 2.09 | (0.33) | 2.18 |
| EBITDA margin | -0.6% | +32.0% | +2.2% | -4.3% | +13.6% | +8.1% | -4.6% | +14.6% |
| Depreciation | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.80 | 0.40 | 0.00 |
| Interest | 0.16 | 0.15 | 0.30 | 0.33 | 0.29 | 0.75 | 0.36 | 0.43 |
| Profit before tax | (0.21) | 0.82 | (0.37) | (0.27) | 1.07 | 1.70 | (1.08) | 2.28 |
| Tax | (0.02) | 0.12 | (0.07) | (0.16) | 0.36 | 0.54 | 0.03 | 0.76 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 508 | 432 | 270 | 127 | 9.84 | 18.99 | 7.18 | 14.95 |
| Revenue growth (YoY) | +5066.8% | +2174.5% | +3655.0% | +747.8% | +30.3% | - | - | - |
| Other income | 0.36 | 0.02 | 0.19 | 1.20 | 0.39 | 0.86 | 0.01 | 0.53 |
| EBITDA | 15.50 | 18.94 | 11.34 | 0.54 | 1.34 | 2.62 | (0.33) | 2.18 |
| EBITDA margin | +3.0% | +4.4% | +4.2% | +0.4% | +13.6% | +13.8% | -4.6% | +14.6% |
| Depreciation | 0.60 | 0.41 | 0.84 | 0.86 | 0.37 | 0.40 | 0.40 | 0.00 |
| Interest | 0.69 | 0.86 | 0.30 | 0.33 | 0.29 | 0.26 | 0.36 | 0.43 |
| Profit before tax | 14.57 | 17.69 | 10.39 | 0.55 | 1.07 | 2.82 | (1.08) | 2.28 |
| Tax | (0.02) | 0.10 | (0.01) | (0.16) | 0.36 | 0.49 | 0.03 | 0.76 |
| Net profit | 14.59 | 17.59 | 10.40 | 0.71 | 0.71 | 2.33 | (1.11) | 1.52 |
| EPS (₹) | 0.26 | 0.17 | 0.39 | 0.02 | 0.03 | 0.00 | (0.05) | 0.06 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue | 8,38,12,378 | 48,38,130 |
| Revenue growth | +1632.3% | - |
| Other income | 1,79,536 | 2,08,479 |
| Total expenses | 8,05,95,657 | 43,81,546 |
| Employee cost | 5,86,392 | 2,71,585 |
| EBITDA | 32,16,720 | 4,56,584 |
| EBITDA margin | +3.8% | +9.4% |
| Depreciation | 2,47,413 | 1,59,249 |
| Interest | 1,77,534 | 1,56,523 |
| Profit before tax | 29,71,309 | 3,49,291 |
| Tax | 30,004 | 1,21,289 |
| Net profit | 29,41,305 | 2,28,002 |
| Net profit margin | +3.5% | +4.7% |
| EPS (₹) | 1.03 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Equity & liabilities | ||
| Share capital | 28,61,985 | 24,07,050 |
| Reserves & surplus | 1,38,50,807 | 6,40,119 |
| Shareholders' funds (net worth) | 1,67,12,792 | 30,47,169 |
| Minority interest | 1,31,29,716 | 0.00 |
| Secured loans | 5,72,045 | 8,81,248 |
| Unsecured loans | 2,34,052 | 2,10,204 |
| Total debt | 8,06,097 | 10,91,451 |
| Total liabilities | 3,07,00,659 | 41,38,620 |
| Assets | ||
| Gross block | 39,54,108 | 36,80,435 |
| Net block | 17,48,079 | 16,95,642 |
| Capital work in progress | 0.00 | 0.00 |
| Investments | 10,55,576 | 9,70,488 |
| Inventories | 6,10,944 | 8,02,260 |
| Sundry debtors | 4,04,87,793 | 14,07,386 |
| Cash & bank balances | 5,20,935 | 17,437 |
| Loans & advances | 69,86,414 | 2,50,106 |
| Total current assets | 4,86,06,086 | 24,77,189 |
| Total current liabilities | 2,05,36,925 | 8,27,202 |
| Net working capital | 2,80,69,161 | 16,49,987 |
| Total assets | 3,07,00,659 | 41,38,620 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Opening cash | 17,437 | 15,166 |
| Net cash from operating activities | (1,08,34,634) | 8,95,820 |
| Net cash from investing activities | 67,96,735 | (6,652) |
| Net cash from financing activities | 45,41,396 | (8,86,897) |
| Net change in cash | 5,03,498 | 2,272 |
| Closing cash | 5,20,935 | 17,437 |
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Growth | ||
| Sales growth | +1632.3% | - |
| EBITDA growth | +604.5% | - |
| PBT growth | +750.7% | +9997.0% |
| Net income growth | +1190.0% | - |
| Profitability & leverage | ||
| Net income margin | +3.5% | +4.7% |
| Return on capital employed | +29.0% | +12.2% |
| Return on net worth | +29.8% | +7.5% |
| Debt / equity | 0.10 | 0.36 |
| Long-term debt / equity | 0.02 | 0.10 |
| Interest cover | 5.98 | 52.64 |
| Efficiency & per share | ||
| Fixed asset turnover | 21.96 | 1.31 |
| Inventory turnover | 118.61 | 6.03 |
| Debtors turnover | 4.00 | 3.44 |
| EPS (₹) | 1.03 | 0.09 |
| Dividend per share (₹) | 0.00 | 0.00 |
| Book value per share (₹) | 5.84 | 1.27 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.88 | 4.12 | 5.05 | 18.08 | 9.84 | 25.87 | 7.18 | 14.95 |
| Revenue growth (YoY) | -30.1% | -84.1% | -29.7% | +20.9% | +30.3% | - | - | - |
| Other income | 0.36 | 0.02 | 0.19 | 1.20 | 0.39 | 1.16 | 0.01 | 0.53 |
| Total expenses | 6.92 | 2.80 | 4.94 | 18.85 | 8.50 | 23.78 | 7.51 | 12.77 |
| EBITDA | (0.04) | 1.32 | 0.11 | (0.77) | 1.34 | 2.09 | (0.33) | 2.18 |
| EBITDA margin | -0.6% | +32.0% | +2.2% | -4.3% | +13.6% | +8.1% | -4.6% | +14.6% |
| Depreciation | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.80 | 0.40 | 0.00 |
| Interest | 0.16 | 0.15 | 0.30 | 0.33 | 0.29 | 0.75 | 0.36 | 0.43 |
| Profit before tax | (0.21) | 0.82 | (0.37) | (0.27) | 1.07 | 1.70 | (1.08) | 2.28 |
| Tax | (0.02) | 0.12 | (0.07) | (0.16) | 0.36 | 0.54 | 0.03 | 0.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 37.10 | 48.38 | 50.17 | 49.98 | 42.91 | 42.06 | 35.88 |
| Revenue growth | -23.3% | -3.6% | +0.4% | +16.5% | +2.0% | +17.2% | - |
| Other income | 1.80 | 2.08 | 2.08 | 2.14 | 1.27 | 1.75 | 1.93 |
| Total expenses | 35.08 | 43.82 | 43.34 | 44.04 | 40.50 | 41.11 | 34.98 |
| Employee cost | 0.00 | 2.72 | 2.62 | 2.88 | 2.88 | 2.93 | 2.98 |
| EBITDA | 2.02 | 4.56 | 6.83 | 5.94 | 2.41 | 0.95 | 0.90 |
| EBITDA margin | +5.4% | +9.4% | +13.6% | +11.9% | +5.6% | +2.3% | +2.5% |
| Depreciation | 1.48 | 1.59 | 1.57 | 1.59 | 1.42 | 1.58 | 1.63 |
| Interest | 1.07 | 1.57 | 1.84 | 1.48 | 1.19 | 0.96 | 0.89 |
| Profit before tax | 1.27 | 3.48 | 5.50 | 5.01 | 1.07 | 0.16 | 0.31 |
| Tax | 0.26 | 1.21 | 1.46 | 1.28 | 0.35 | 0.09 | (0.07) |
| Net profit | 1.01 | 2.27 | 4.04 | 3.76 | 0.72 | 0.07 | 0.38 |
| Net profit margin | +2.7% | +4.7% | +8.1% | +7.5% | +1.7% | +0.2% | +1.1% |
| EPS (₹) | 0.04 | 0.09 | 0.17 | 0.19 | 0.66 | 0.07 | 0.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 28.62 | 24.07 | 24.07 | 19.26 | 10.70 | 10.70 | 10.70 |
| Reserves & surplus | 52.90 | 6.40 | 4.12 | 4.89 | 9.72 | 9.01 | 8.94 |
| Shareholders' funds (net worth) | 81.52 | 30.47 | 28.19 | 24.15 | 20.42 | 19.71 | 19.64 |
| Secured loans | 5.72 | 8.81 | 15.02 | 12.69 | 16.12 | 10.64 | 7.29 |
| Unsecured loans | 2.34 | 2.10 | 3.19 | 0.46 | 1.52 | 0.93 | 1.51 |
| Total debt | 8.06 | 10.91 | 18.21 | 13.15 | 17.64 | 11.57 | 8.80 |
| Total liabilities | 89.58 | 41.39 | 46.41 | 37.30 | 38.06 | 31.28 | 28.44 |
| Assets | |||||||
| Gross block | 37.10 | 36.80 | 18.19 | 31.90 | 25.03 | 24.43 | 24.03 |
| Net block | 15.77 | 16.95 | 18.19 | 15.21 | 9.79 | 10.62 | 11.79 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 7.02 | 0.00 | 0.00 |
| Investments | 60.52 | 9.70 | 7.60 | 0.00 | 0.00 | 0.00 | 0.01 |
| Inventories | 6.11 | 8.02 | 11.61 | 12.51 | 13.13 | 10.92 | 14.48 |
| Sundry debtors | 12.71 | 14.07 | 11.57 | 11.10 | 9.56 | 6.24 | 3.63 |
| Cash & bank balances | 2.36 | 2.56 | 0.15 | 0.11 | 0.08 | 2.66 | 0.72 |
| Loans & advances | 0.47 | 0.12 | 4.38 | 4.63 | 6.26 | 4.50 | 2.88 |
| Total current assets | 21.65 | 24.77 | 27.71 | 28.35 | 29.03 | 24.32 | 21.71 |
| Total current liabilities | 6.65 | 8.28 | 5.80 | 5.88 | 7.36 | 3.21 | 5.89 |
| Net working capital | 15.00 | 16.49 | 21.91 | 22.47 | 21.67 | 21.11 | 15.82 |
| Total assets | 89.58 | 41.39 | 46.41 | 37.30 | 38.06 | 31.28 | 28.44 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.17 | 0.15 | 0.11 | 0.08 | 2.66 | 0.72 | 0.10 |
| Net cash from operating activities | 4.74 | 8.96 | 7.99 | 6.54 | (0.93) | (0.17) | 0.50 |
| Net cash from investing activities | (0.80) | (0.07) | (11.17) | (0.54) | (7.44) | 1.05 | 0.10 |
| Net cash from financing activities | (3.92) | (8.87) | 3.22 | (5.97) | 5.79 | 1.06 | 0.02 |
| Net change in cash | 0.02 | 0.02 | 0.04 | 0.03 | (2.58) | 1.94 | 0.62 |
| Closing cash | 2.36 | 2.56 | 0.15 | 0.11 | 0.08 | 2.66 | 0.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -23.3% | -3.6% | +0.4% | +16.5% | +2.0% | +17.2% | - |
| EBITDA growth | -55.7% | -33.2% | +15.0% | +146.5% | +153.7% | +5.6% | - |
| PBT growth | -63.5% | -36.7% | +9.8% | +368.2% | +568.8% | -48.4% | -50.0% |
| Net income growth | -55.5% | -43.8% | +7.5% | +422.2% | +928.6% | -81.6% | - |
| Revenue CAGR (3Y) | -9.5% | +4.1% | +6.1% | +11.7% | +5.7% | -0.9% | -13.2% |
| EBITDA CAGR (3Y) | -30.2% | +23.7% | +93.0% | +87.6% | +10.4% | -23.2% | -37.1% |
| Profitability & leverage | |||||||
| Net income margin | +2.7% | +4.7% | +8.1% | +7.5% | +1.7% | +0.2% | +1.1% |
| Return on capital employed | - | +11.5% | +17.6% | +17.2% | +6.5% | +3.8% | +4.3% |
| Return on net worth | - | +7.8% | +15.5% | +16.7% | +3.5% | +0.4% | +1.9% |
| Debt / equity | - | 0.50 | 0.60 | 0.69 | 0.73 | 0.52 | 0.43 |
| Long-term debt / equity | - | 0.14 | 0.21 | 0.30 | 0.30 | 0.13 | 0.03 |
| Interest cover | 198.15 | 52.86 | 34.98 | 34.02 | 120.20 | -152.38 | -121.92 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.75 | 2.00 | 1.76 | 1.74 | 1.74 | 1.50 |
| Inventory turnover | - | 4.93 | 4.16 | 3.90 | 3.57 | 3.31 | 2.69 |
| Debtors turnover | - | 3.77 | 4.43 | 4.84 | 5.43 | 8.52 | 7.95 |
| EPS (₹) | 0.04 | 0.09 | 0.17 | 0.19 | 0.66 | 0.07 | 0.35 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 1.27 | 1.17 | 1.25 | 19.09 | 18.42 | 18.35 |
To see the full year-wise statements and ratios of Goldstar Power Limited, buy the company report.
Board of directors of Goldstar Power Limited
Goldstar Power has 8 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruti Navneet Pansara Also directs: Blue Star Energy Private Limited | Director | 21 Dec 2007 | 18 Years 10 Months | Current |
| Navneetbhai Pansara Also directs: Retro EV LLP, DMS Energy Private Limited | Managing Director | 19 Jan 2006 | 20 Years 9 Months | Current |
| Amratlal Mohanbhai Pansara | Whole-Time Director | 12 Jul 1999 | 27 Years 3 Months | Current |
| Maheshbhai Tulsibhai Sojitra | Director | 24 Jul 2021 | 5 Years 3 Months | Current |
| Chetan Vishandas Khattar Also directs: Hifazat Hotels LLP, Trimurti Hospitality Private Limited | Director | 31 Jul 2017 | 9 Years 3 Months | Current |
| Hemrajbhai Hansharajbhai Patel | Director | 31 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Goldstar Power Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goldstar Power Limitedthis company | ₹8,38,12,378 Cr (FY 2026) | ₹29,41,305 Cr | 3.5% | 1632.3% | 69 | Jamnagar, Gujarat, India |
| Orbit Electromech India Private Limited | ₹50.66 Cr (FY 2024) | 3633.0% | Aurangabad, Maharashtra, India | |||
| Sheetsol Private Limited | ₹50.58 Cr (FY 2025) | 48.0% | Dharsiwa, Chhattisgarh, India | |||
| Vidata Powertech Limited | ₹50.58 Cr (FY 2025) | 136.0% | Pune, Maharashtra, India | |||
| Transgear Power Systems Private Limited | ₹50.45 Cr (FY 2024) | 12.0% | Bangalore, Karnataka, India | |||
| Transpares Limited | ₹50.36 Cr (FY 2025) | 28.0% | Ahmedabad, Gujarat, India | |||
| Shreya Ex-Tech Private Limited | ₹50.06 Cr (FY 2025) | 14.0% | Vadodara, Gujarat, India | |||
| Global Wind Power Limited | ₹49.8 Cr (FY 2024) | -29.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Goldstar Power Limited, buy the company report.
Auditor
Goldstar Power Limited is audited by Jain Chowdhary & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Chowdhary & Co. | FY 2023 | 113267W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 61.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 38.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 61.30% | 61.30% | 61.30% | 61.30% |
| Public | 38.70% | 38.70% | 38.70% | 38.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2026 | 101352540 | Others | ₹1.2 Cr | Open | |
| 26 Mar 2021 | 100469896 | Others | ₹25.81 Cr | Open | |
| 29 Jul 2020 | 100363460 | Others | ₹1.8 Cr | Satisfied | |
| 27 Dec 2019 | 100319632 | Others | ₹9.9 Cr | Satisfied | |
| 26 Nov 2019 | 100314720 | Others | ₹5.6 Cr | Satisfied |
To see the full charge records of Goldstar Power Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Goldstar Power Limited has 19 deals on record (18 market trades, 1 ipo); the latest was in February 2023.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Market trade | ₹80.8 Lakh | Buyer: 2 individuals Seller: Rikhav Securities Limited , an individual |
| Jun 2022 | Market trade | ₹38.8 Lakh | Seller: Rikhav Securities Limited , Rajendra N.Shah (Huf) |
| Jun 2022 | Market trade | ₹36 Lakh | Buyer: an individual Seller: Hitesh Himatlal Lakhani (Huf), Rikhav Securities Limited |
| Apr 2022 | Market trade | ₹13.9 Lakh | Buyer: Haryana Refractories Pvt Ltd |
| Jun 2021 | Market trade | ₹16 Lakh | Seller: Rikhav Securities Limited |
To see the full deal history of Goldstar Power Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Goldstar Power Limited has 15 court cases on record: 12 filed by Goldstar Power, 3 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 3 | 2 |
| High courts | 6 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Interim or miscellaneous application | Filed against the company by Bindal Smelting Private Limited | Disposed |
| District court, Jamnagar, Gujarat | Commercial matter | Filed by the company against Amara Raja Batteries Limited Through Vice President | Pending |
| District court, Chittoor, Andhra Pradesh | Criminal complaint | Filed against the company by M/S. Amara Raja Batteries Limited | Pending |
| High Court | Writ petition | Filed by the company against Union of India and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Disposed |
To see the full case history of Goldstar Power Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Goldstar Power Limited was last rated by Crisil on 28 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Nov 2019 |
To see the full credit ratings and regulatory alerts of Goldstar Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Goldstar Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Goldstar Power Limited has a workforce of 69 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Goldstar Power has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCG3071D1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goldstar Power Limited, buy the company report.
Recent activity
Goldstar Power Limited has 17 board changes on record since 1999: 13 appointments and 4 cessations. The latest: Chandrakant Bhagwanjibhai Mehta was appointed as Director on 28 Jul 2026.
35 earlier events are in the company report.
Frequently asked questions
Goldstar Power is an active public limited company based in Jamnagar, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 12 July 1999 (27+ years old) and is registered under CIN L36999GJ1999PLC036274. Listed on NSE: GOLDSTAR.
Goldstar Power reported revenue of ₹8,38,12,378 Cr for FY 2025-26 (up 1632.3% YoY) based on consolidated financials.
Goldstar Power has 8 current directors:
- Navneetbhai Pansara - Managing Director
- Amratlal Mohanbhai Pansara - Whole-Time Director
- Dhruti Navneet Pansara - Director
- Maheshbhai Tulsibhai Sojitra - Director
- Chetan Vishandas Khattar - Director
- Hemrajbhai Hansharajbhai Patel - Director
- Pareshkumar Bhagwanjibhai Vekaria - Director
- Chandrakant Bhagwanjibhai Mehta - Director
The latest financial statements of Goldstar Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Goldstar Power is 24AABCG3071D1Z6, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Goldstar Power is L36999GJ1999PLC036274. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Goldstar Power is a listed company as per MCA records. Its shares are listed on NSE (symbol: GOLDSTAR).
Goldstar Power has 15 court cases on record: 12 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Goldstar Power was incorporated on 12 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Goldstar Power has 19 deals on record (18 market trades, 1 ipo); the latest was in February 2023.
The peers of Goldstar Power by revenue are Orbit Electromech India Private Limited, Sheetsol Private Limited, Vidata Powertech Limited, Transgear Power Systems Private Limited, Transpares Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

