Analyst's Pick: SMALL CAP: ICICI Securities

GPIL had reported a topline of Rs 1,092 crore in FY09 on a consolidated basis, showing a compounded annual growth rate (CAGR) of 37% since FY06.

GODAWARI POWER & ISPAT
CMP: Rs 231

GPIL has two iron ore mines viz. Ari Dongri and Boria Tibu. Of this, it has already started mining iron ore from the former and has slowly been ramping up the production. Boria Tibu is likely to be operational from Q4FY10.

It had reported a topline of Rs 1,092 crore in FY09 on a consolidated basis, showing a compounded annual growth rate (CAGR) of 37% since FY06. The EBITDA has also improved at a CAGR of 34% over the same period.


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