Goldstar Power Ltd

NSE: GOLDSTAR BSE: 535018

₹9.75

+0.45 (4.84%)

Sun, 08 Nov 2026, 09:05 am

MTF 5xInvest in Goldstar Power Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)223.86

PE Ratio9.66

Dividend0

Producer Manufacturing

Electrical Products

24.5K

Goldstar Power Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-34.24M	-34.93M	-17.58M	-14.09M	-16.46M	-14.20M	-8.58M	-8.87M	-9.62M	-11.93M	-14.77M	-18.45M	-15.65M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	—	—	—	—	—	0	0	0	0	0	0	0	0
Total assets	410.01M	429.86M	380.86M	335.40M	337.18M	352.39M	343.60M	354.33M	354.44M	462.25M	444.88M	538.43M	514.33M
Total current assets	234.85M	246.36M	217.74M	187.27M	141.57M	207.63M	189.71M	217.04M	243.15M	290.38M	283.50M	277.17M	238.57M
Cash and short term investments	21.38M	16.19M	16.66M	7.49M	6.70M	3.07M	1.02M	7.24M	26.58M	594.00K	667.00K	661.87K	1.74M
Cash & equivalents	21.38M	16.19M	16.66M	7.49M	6.70M	3.07M	1.02M	7.24M	26.58M	594.00K	667.00K	661.87K	1.74M
Short term investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Total receivables, net	81.07M	74.09M	109.40M	99.94M	75.16M	55.78M	54.12M	36.59M	62.70M	96.18M	111.62M	116.78M	142.08M
Accounts receivable - trade, net	76.30M	58.12M	97.23M	86.27M	55.56M	55.62M	53.95M	36.28M	62.37M	95.64M	110.96M	115.75M	140.74M
Other receivables	4.77M	15.97M	12.17M	13.68M	19.59M	156.60K	170.87K	314.98K	325.07K	539.00K	662.00K	1.04M	1.34M
Total inventory	119.45M	155.19M	91.36M	69.88M	59.57M	65.32M	122.25M	149.71M	109.87M	151.04M	132.25M	123.04M	85.94M
Other current assets, total	12.95M	888.00K	311.00K	9.96M	148.00K	81.44M	5.68M	6.90M	18.13M	11.26M	32.53M	11.50M	722.89K
Total non-current assets	175.16M	183.50M	163.13M	148.13M	195.61M	144.76M	153.89M	137.29M	111.30M	171.87M	161.38M	261.27M	275.77M
Long term investments	6.45M	10.42M	4.71M	4.05M	62.85M	56.62K	56.62K	114.22K	65.75K	14.00K	14.00K	76.01M	97.05M
Note receivable - long term	6.39M	10.36M	4.66M	3.99M	62.79M	—	—	57.60K	52.00K	0	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	57.00K	57.00K	57.00K	57.00K	57.00K	56.62K	56.62K	56.62K	13.75K	14.00K	14.00K	76.01M	97.05M
Net property/plant/equipment	165.95M	170.39M	155.92M	141.56M	129.85M	129.65M	132.62M	117.22M	105.37M	167.34M	152.13M	181.91M	169.56M
Gross property/plant/equipment	—	—	—	—	—	—	238.65M	239.58M	243.55M	319.70M	—	363.62M	—
Deferred tax assets	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	0	0	0	0	0	685.75K	689.25K	767.75K	817.95K	825.00K	0	0	—
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	0	0	0	0	685.75K	689.25K	767.75K	817.95K	825.00K	0	0	—
Other long term assets, total	2.76M	2.69M	2.50M	2.52M	2.90M	5.74M	13.07M	8.86M	2.82M	3.60M	2.96M	3.34M	9.15M
Short term debt	127.77M	144.41M	104.15M	102.33M	89.08M	78.71M	72.01M	82.93M	70.02M	99.76M	72.25M	133.83M	77.88M
Current portion of LT debt and capital leases	28.77M	27.91M	15.22M	8.28M	5.84M	532.99K	1.41M	1.71M	9.10M	20.13M	22.01M	24.01M	17.32M
Short term debt excl. current portion of LT debt	99.00M	116.50M	88.93M	94.05M	83.24M	78.18M	70.60M	81.22M	60.92M	79.63M	50.24M	109.82M	60.56M
Accounts payable	75.37M	24.04M	81.66M	52.36M	46.99M	33.71M	31.05M	31.78M	13.98M	18.44M	4.75M	1.34M	35.71M
Income tax payable	507.00K	2.97M	1.24M	93.00K	1.49M	3.60M	4.04M	6.14M	2.51M	4.92M	7.68M	18.93M	7.85M
Long term debt	65.58M	115.09M	53.49M	38.75M	38.80M	555.04K	6.71M	5.12M	45.65M	76.65M	59.26M	48.36M	31.27M
Long term debt excl. lease liabilities	65.58M	115.09M	53.49M	38.75M	38.80M	555.04K	6.71M	5.12M	45.65M	76.65M	59.26M	48.36M	31.27M
Total equity	113.69M	116.69M	109.59M	105.70M	114.81M	182.48M	192.58M	196.33M	197.11M	204.18M	241.46M	281.92M	304.72M
Shareholders' equity	113.69M	116.69M	109.59M	105.70M	114.81M	182.48M	192.58M	196.33M	197.11M	204.18M	241.46M	281.92M	304.72M
Common equity, total	113.69M	116.69M	109.59M	105.70M	114.81M	182.48M	192.58M	196.33M	197.11M	204.18M	241.46M	281.92M	304.72M
Other common equity	—	—	—	—	—	0	0	0	0	0	0	0	0
Total debt	193.35M	259.50M	157.64M	141.08M	127.88M	79.26M	78.73M	88.05M	115.67M	176.41M	131.51M	182.18M	109.15M
Net debt	171.97M	243.31M	140.98M	133.59M	121.18M	76.19M	77.70M	80.81M	89.09M	175.81M	130.84M	181.52M	107.40M
Change in accounts receivable	60.11M	18.17M	-39.10M	10.96M	30.70M	-56.04K	1.67M	17.68M	-26.10M	-33.26M	-15.32M	-4.79M	-24.99M
Change in taxes payable	0	0	0	0	0	—	—	—	—	—	—	—	—
Change in accounts payable	0	0	0	0	0	-13.28M	-2.66M	731.84K	-17.80M	4.46M	-13.50M	-3.41M	34.37M
Change in other assets/liabilities	-103.46M	-44.47M	58.16M	-41.55M	-52.74M	-33.00M	67.81M	-16.67M	-17.74M	30.43M	14.97M	1.67M	-10.77M
Sale of fixed assets & businesses	30.03M	1.70M	0	996.00K	1.50M	280.34K	0	—	0	1.53M	567.00K	0	0
Purchase/sale of investments, net	0	0	0	0	0	0	0	0	42.88K	0	0	-76.00M	-21.04M
Sale/maturity of investments	0	0	0	0	0	0	0	0	42.88K	0	—	0	0
Purchase of investments	0	0	0	0	0	0	0	0	0	0	0	-76.00M	-21.04M
Other investing cash flow items, total	0	0	0	0	0	-1.41M	-7.30M	1.27M	14.16M	-76.00K	-5.54M	9.21M	23.33M
Issuance/retirement of debt, net	21.78M	67.01M	-89.17M	-9.62M	-10.76M	-26.99M	-1.42M	9.03M	20.23M	49.71M	-44.90M	50.67M	-73.04M
Issuance/retirement of long term debt	43.06M	49.51M	-61.60M	-14.74M	53.00K	555.04K	6.16M	-1.59M	40.53M	31.00M	-17.39M	-10.90M	-17.09M
Issuance/retirement of short term debt	-21.28M	17.50M	-27.56M	5.12M	-10.81M	-27.55M	-7.58M	10.62M	-20.30M	18.71M	-27.51M	61.57M	-55.95M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Other financing cash flow items, total	—	—	—	—	—	0	0	0	0	0	0	0	0

Particulars	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-34.24M	-34.93M	-17.58M	-14.09M	-16.46M	-14.20M	-8.58M	-8.87M	-9.62M	-11.93M	-14.77M	-18.45M	-15.65M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	—	—	—	—	—	0	0	0	0	0	0	0	0
Total assets	410.01M	429.86M	380.86M	335.40M	337.18M	352.39M	343.60M	354.33M	354.44M	462.25M	444.88M	538.43M	514.33M
Total current assets	234.85M	246.36M	217.74M	187.27M	141.57M	207.63M	189.71M	217.04M	243.15M	290.38M	283.50M	277.17M	238.57M
Cash and short term investments	21.38M	16.19M	16.66M	7.49M	6.70M	3.07M	1.02M	7.24M	26.58M	594.00K	667.00K	661.87K	1.74M
Cash & equivalents	21.38M	16.19M	16.66M	7.49M	6.70M	3.07M	1.02M	7.24M	26.58M	594.00K	667.00K	661.87K	1.74M
Short term investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Total receivables, net	81.07M	74.09M	109.40M	99.94M	75.16M	55.78M	54.12M	36.59M	62.70M	96.18M	111.62M	116.78M	142.08M
Accounts receivable - trade, net	76.30M	58.12M	97.23M	86.27M	55.56M	55.62M	53.95M	36.28M	62.37M	95.64M	110.96M	115.75M	140.74M
Other receivables	4.77M	15.97M	12.17M	13.68M	19.59M	156.60K	170.87K	314.98K	325.07K	539.00K	662.00K	1.04M	1.34M
Total inventory	119.45M	155.19M	91.36M	69.88M	59.57M	65.32M	122.25M	149.71M	109.87M	151.04M	132.25M	123.04M	85.94M
Other current assets, total	12.95M	888.00K	311.00K	9.96M	148.00K	81.44M	5.68M	6.90M	18.13M	11.26M	32.53M	11.50M	722.89K
Total non-current assets	175.16M	183.50M	163.13M	148.13M	195.61M	144.76M	153.89M	137.29M	111.30M	171.87M	161.38M	261.27M	275.77M
Long term investments	6.45M	10.42M	4.71M	4.05M	62.85M	56.62K	56.62K	114.22K	65.75K	14.00K	14.00K	76.01M	97.05M
Note receivable - long term	6.39M	10.36M	4.66M	3.99M	62.79M	—	—	57.60K	52.00K	0	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	57.00K	57.00K	57.00K	57.00K	57.00K	56.62K	56.62K	56.62K	13.75K	14.00K	14.00K	76.01M	97.05M
Net property/plant/equipment	165.95M	170.39M	155.92M	141.56M	129.85M	129.65M	132.62M	117.22M	105.37M	167.34M	152.13M	181.91M	169.56M
Gross property/plant/equipment	—	—	—	—	—	—	238.65M	239.58M	243.55M	319.70M	—	363.62M	—
Deferred tax assets	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	0	0	0	0	0	685.75K	689.25K	767.75K	817.95K	825.00K	0	0	—
Goodwill, net	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	0	0	0	0	0	685.75K	689.25K	767.75K	817.95K	825.00K	0	0	—
Other long term assets, total	2.76M	2.69M	2.50M	2.52M	2.90M	5.74M	13.07M	8.86M	2.82M	3.60M	2.96M	3.34M	9.15M
Short term debt	127.77M	144.41M	104.15M	102.33M	89.08M	78.71M	72.01M	82.93M	70.02M	99.76M	72.25M	133.83M	77.88M
Current portion of LT debt and capital leases	28.77M	27.91M	15.22M	8.28M	5.84M	532.99K	1.41M	1.71M	9.10M	20.13M	22.01M	24.01M	17.32M
Short term debt excl. current portion of LT debt	99.00M	116.50M	88.93M	94.05M	83.24M	78.18M	70.60M	81.22M	60.92M	79.63M	50.24M	109.82M	60.56M
Accounts payable	75.37M	24.04M	81.66M	52.36M	46.99M	33.71M	31.05M	31.78M	13.98M	18.44M	4.75M	1.34M	35.71M
Income tax payable	507.00K	2.97M	1.24M	93.00K	1.49M	3.60M	4.04M	6.14M	2.51M	4.92M	7.68M	18.93M	7.85M
Long term debt	65.58M	115.09M	53.49M	38.75M	38.80M	555.04K	6.71M	5.12M	45.65M	76.65M	59.26M	48.36M	31.27M
Long term debt excl. lease liabilities	65.58M	115.09M	53.49M	38.75M	38.80M	555.04K	6.71M	5.12M	45.65M	76.65M	59.26M	48.36M	31.27M
Total equity	113.69M	116.69M	109.59M	105.70M	114.81M	182.48M	192.58M	196.33M	197.11M	204.18M	241.46M	281.92M	304.72M
Shareholders' equity	113.69M	116.69M	109.59M	105.70M	114.81M	182.48M	192.58M	196.33M	197.11M	204.18M	241.46M	281.92M	304.72M
Common equity, total	113.69M	116.69M	109.59M	105.70M	114.81M	182.48M	192.58M	196.33M	197.11M	204.18M	241.46M	281.92M	304.72M
Other common equity	—	—	—	—	—	0	0	0	0	0	0	0	0
Total debt	193.35M	259.50M	157.64M	141.08M	127.88M	79.26M	78.73M	88.05M	115.67M	176.41M	131.51M	182.18M	109.15M
Net debt	171.97M	243.31M	140.98M	133.59M	121.18M	76.19M	77.70M	80.81M	89.09M	175.81M	130.84M	181.52M	107.40M
Change in accounts receivable	60.11M	18.17M	-39.10M	10.96M	30.70M	-56.04K	1.67M	17.68M	-26.10M	-33.26M	-15.32M	-4.79M	-24.99M
Change in taxes payable	0	0	0	0	0	—	—	—	—	—	—	—	—
Change in accounts payable	0	0	0	0	0	-13.28M	-2.66M	731.84K	-17.80M	4.46M	-13.50M	-3.41M	34.37M
Change in other assets/liabilities	-103.46M	-44.47M	58.16M	-41.55M	-52.74M	-33.00M	67.81M	-16.67M	-17.74M	30.43M	14.97M	1.67M	-10.77M
Sale of fixed assets & businesses	30.03M	1.70M	0	996.00K	1.50M	280.34K	0	—	0	1.53M	567.00K	0	0
Purchase/sale of investments, net	0	0	0	0	0	0	0	0	42.88K	0	0	-76.00M	-21.04M
Sale/maturity of investments	0	0	0	0	0	0	0	0	42.88K	0	—	0	0
Purchase of investments	0	0	0	0	0	0	0	0	0	0	0	-76.00M	-21.04M
Other investing cash flow items, total	0	0	0	0	0	-1.41M	-7.30M	1.27M	14.16M	-76.00K	-5.54M	9.21M	23.33M
Issuance/retirement of debt, net	21.78M	67.01M	-89.17M	-9.62M	-10.76M	-26.99M	-1.42M	9.03M	20.23M	49.71M	-44.90M	50.67M	-73.04M
Issuance/retirement of long term debt	43.06M	49.51M	-61.60M	-14.74M	53.00K	555.04K	6.16M	-1.59M	40.53M	31.00M	-17.39M	-10.90M	-17.09M
Issuance/retirement of short term debt	-21.28M	17.50M	-27.56M	5.12M	-10.81M	-27.55M	-7.58M	10.62M	-20.30M	18.71M	-27.51M	61.57M	-55.95M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Other financing cash flow items, total	—	—	—	—	—	0	0	0	0	0	0	0	0