What we do Goldstar Power Ltd manufactures and markets a variety of batteries including automotive, industrial, solar, and inverter batteries under the 'Star Gold' brand. |
Founded in 1,999 |
Market share Niche player with integrated plant and ~50,000 battery monthly capacity, serving domestic, OEM and export markets. |
Problem solved Provides reliable, high-performance batteries catering to automotive, industrial, solar and inverter power needs, including recycling of battery scrap. |
Top clients or who we serve Serves B2B and B2C customers nationwide and exports globally to countries like Dubai, Uganda, Turkey, and more. |
Key management Led by founder Shri Amrutlal Pansara, with a professional board including Independent Directors well-versed in governance. |
Our journey and innovations Started in 1999 producing battery plates; expanded manufacturing stages and launched new designs and technologies since 2018. |
Where we operate India headquartered with exports to Africa, Middle East and other international markets. |
Top products or what we offer Wide range including automotive batteries for cars, tractors, trucks; tubular batteries for solar/inverters; E-rickshaw; VRLA UPS; motorcycle batteries. |
Top brands 'Star Gold' is the flagship brand. |
Raw materials needed Lead, alloys, components for battery assembly and recycling of battery scrap. |
Raw materials supplier Sources locally and internationally; procures battery scrap through dealers and retailers for recycling. |
Recurring vs cyclical contribution Mix of recurring after-sales and cyclical OEM and export sales. |
Our industry position Strong niche position in lead-acid battery segment with integrated manufacturing and recycling capabilities. |
Financial highlights FY 2024-25 revenue approx. Rs 48.38 Cr; net profit Rs 2.28 Crore; EBITDA healthy though slightly declined from prior year. |
Geographical revenue split Revenue from domestic and international markets including Dubai, Uganda, Turkey, Lebanon, Oman, Yemen, Senegal, and others. |
Order book - |
Whats driving growth Expansion in product range, forward integration, exports, and renewed designs boosting demand. |
Our future plans Plans include solar plant setup on purchased land to enhance alternate energy usage and production capacity expansion. |
Our green promise Focus on recycling battery scrap and responsible energy use; green initiatives progressing. |
Our people and values Employs 97 staff; values diversity, ethics, fair workplace; anti-harassment policies implemented. |
Key challenges ahead Competition, raw material cost fluctuations, regulatory compliance, and technology adaptation are challenges. |
Interesting facts Listed on NSE SME Emerge in 2017; maintains stable SME credit rating; offers direct whistleblower channels. |
Risks and strategy Addresses financial, market, regulatory risks through risk management policies and strong governance. |
