Gyscoal Alloys: General Updates

August 02, 2022



Bombay Stock Exchange Limited

National Stock Exchange of India Ltd.,

1st Floor, new commercial ring,

Exchange Plaza, C-1, Block G,

Rotunda Building, PJ Tower,

Bandra Kurla Complex,

Dalal Street,

Bandra (E),

Bombay – 400,001.

Mumbai – 400,051

Certificate code: 533275

company symbol: GA

Under. : Annual report for the 2021‐22 financial year.

Dear Sir Madam,

Pursuant to Regulation 34 of the SEBI (Registration and Disclosure Requirements) Regulations, 2015, we are pleased to submit herewith 23rd Gyscoal Alloys Limited’s annual report for the financial year 2021-22 is available on the company’s website, i.e.

We kindly ask you to take the same on the records.

Yours faithfully,

For, Gyscoal Alloys Limited


patel hiral

Corporate Secretary and Compliance Officer Attachment: as shown


GYSCOAL ALLOYS LIMITED (GAL) stainless steel and

The mild steel manufacturer was established in the late 90’s. From iron ore and stainless steel scrap to manufacturing various stainless steel and mild steel structural products, Gyscoal has come a long way. The group has carved out a place for itself in the value-added segment of the Indian steel industry. Gyscoal started with metal trading and then went on to manufacture mild steel products like CTD bars and TMT bars in the same year. Over time, the company has acquired good expertise in the field of steel and has therefore diversified.fito a large extent their stainless steel manufacturing activities.

Under the profiUnder the effective leadership of Mr. Viral Shah, CEO, the group has reached perceptible heights in a very short time. GAL grew and integrated in various ways, but focused on steel. Through years of craftsmanship, GAL has been able to provide its clientele with a wide range of products. Gyscoal’s manufacturing capabilities are housed in the comprehensive manufacturing facility in Kukarwada, Gujarat State.

Gyscoal has a particular commitment to its employees. From the beginning, the company believed in working for the well-being of its employees. Through discipline and determined focus, the company was able to

We not only follow labor law, we also consider employee well-being as our primary responsibility. We believe that people are our real strength and since there is a man behind every machine of

ours, we value our employees more than just employees.

With continuous efforts, we achieve a professional yet open and friendly environment among employees. We believe in nurturing employees’ inner talents by making them a proper anchor.

  • Gyscoal Alloys Limited is one of the Asian companies to use the latest Corex steelmaking technologies and techniques for steelmaking.
  • In 2013, Gyscoal was awarded as one of the top 100 SME awards by SME FROM 2013.


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  • The company has implemented a quality management system in accordance with ISO 9001: 2015 for the scope of sales and marketing of stainless steels and mild steels Ignot, Angle, Channels, Flats, Round, Square , Bright & Black Bars.

We see a future that resembles our core product, stainless steel, durable and hard to shake, stronger than others and dominating on the basis of better quality. We will formulate and implement more innovative knowledge sharing methodologies with our existing and potential customers, and strengthen our brand image. We will make concerted efforts to improve the value experience of customers. We will launch targeted marketing initiatives for key customer segments. We will expand our global presence geographically, in terms of quality and quantity, thereby gaining in competitiveness.

We will more than quadruple our capacities and reach an optimal range of products in stainless steel and mild steel. We will launch a new line of specialty products that are not readily available in the market and emerge as a comprehensive one-stop source that meets all demands for quality products in the field. In sum, we will strengthen our core business to build a lasting foundation for future leadership. Simultaneously, we will make sure to seize the first-mover advantage in any emerging scenario in the world, come up with new product solutions, enter new business areas and forge new strategic associations, so as to broaden the base future of our business.

The company’s goal is not only to improve shareholder value, but also to increase the value of all stakeholders attached to the organization, whether directly or indirectly anyway. The company also focuses on environmental, social and governance issues that may affect long-term operational activity.

The company strives to follow all applicable laws and regulations in accordance with the letter and spirit of corporate governance.


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LAG product range


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Gyscoal Alloys Ltd. published this content on August 02, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 03, 2022 03:51:02 UTC.

Public now 2022


Sales 2021 126 million

Net income 2021 -745M

Net debt 2021 925 million

PER 2021 ratio -0.42x
2021 performance
Capitalization 484M
6.17 million
EV / Sales 2020 1.47x
EV / Sales 2021 9.82x
# of employees 46
Floating 45.3%


Duration :

Period :

Gyscoal Alloys Limited Technical Analysis Chart |  MarketScreener

Evolution of the income statement

Valerie J. Wallis