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Guj. State Petronet

₹293.1 1.9 | 0.7%

Market Cap ₹16537 Cr.

Stock P/E 10.0

P/B 1.5

Current Price ₹293.1

Book Value ₹ 191.9

Face Value 10

52W High ₹407.3

Dividend Yield 1.71%

52W Low ₹ 254.8

Guj. State Petronet Research see more...

Overview Inc. Year: 1998Industry: Gas Transmission/Marketing

Gujarat State Petronet Limited (GSPL) is a natural gas infrastructure and transmission enterprise engaged in gas transportation business. The Company is engaged in transmission of natural gas through pipelines on an open access basis to foundation from deliver points to call for facilities. It additionally generates electricity thru windmills. Its segments consist of Gas Transportation and Windmill. It develops electricity transportation infrastructure and connects natural gasoline supply resources, such as LN terminals to various markets. It has installation of 52.5MW Wind Power Project at Maliya Miyana (District-Rajkot), Gorsar, and Adodar (District-Porbandar). Its subsidiaries consist of GSPL India Gasnet Ltd, that is engaged in development of Mehsana-Bhatinda and Bhatinda-Jammu-Srinagar pipeline initiatives, and GSPL India Transco Ltd, that is engaged inside the improvement of Mallavaram-Bhopal-Bhilwara-Vijaipur Pipeline Project. It serves diverse industries, together with power and fertilizer.

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Guj. State Petronet Share Price

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Guj. State Petronet Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 5587 5094 5670 4443 4135 4415 4251 4411 4544 4692
Other Income 35 23 22 24 42 45 40 45 42 59
Total Income 5623 5117 5691 4468 4177 4460 4291 4456 4587 4751
Total Expenditure 5004 4084 4696 3460 3275 3560 3519 3497 3757 3722
Operating Profit 619 1034 995 1008 902 900 772 959 829 1029
Interest 25 24 21 20 15 6 15 14 14 8
Depreciation 146 151 151 155 158 157 161 165 168 169
Exceptional Income / Expenses 0 -12 0 0 0 0 0 0 0 56
Profit Before Tax 447 847 823 833 729 737 596 779 647 907
Provision for Tax 128 186 207 211 188 176 152 199 165 236
Profit After Tax 319 660 616 622 540 561 444 580 483 671
Adjustments -25 -224 -143 -186 -181 -188 -109 -126 -88 -196
Profit After Adjustments 295 436 473 436 359 373 335 455 395 475
Adjusted Earnings Per Share 5.2 7.7 8.4 7.7 6.4 6.6 5.9 8.1 7 8.4

Guj. State Petronet Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1173 1051 1065 992 5901 7261 9345 12244 11535 17991 18117 17898
Other Income 66 57 55 47 104 96 138 108 91 106 133 186
Total Income 1239 1108 1120 1039 6005 7357 9483 12351 11626 18096 18250 18085
Total Expenditure 101 122 149 126 4260 5217 6805 9021 7961 14491 14437 14495
Operating Profit 1138 986 971 913 1746 2140 2678 3331 3665 3606 3813 3589
Interest 126 142 118 80 278 242 427 369 227 112 70 51
Depreciation 186 184 189 183 436 447 468 518 542 579 621 663
Exceptional Income / Expenses 0 0 0 0 0 0 -18 0 0 -12 0 56
Profit Before Tax 826 660 664 697 1046 1477 1780 2438 2936 2957 3125 2929
Provision for Tax 288 241 251 231 327 519 590 159 743 726 783 752
Profit After Tax 537 419 412 465 718 958 1190 2279 2192 2231 2342 2178
Adjustments 0 -4 74 0 -164 -217 -192 -549 -586 -593 -701 -519
Profit After Adjustments 538 416 486 465 554 741 999 1729 1607 1638 1641 1660
Adjusted Earnings Per Share 9.6 7.4 8.6 8.3 9.8 13.2 17.7 30.7 28.5 29 29.1 29.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 14% 20% 31%
Operating Profit CAGR 6% 5% 12% 13%
PAT CAGR 5% 1% 20% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% 4% 11% 15%
ROE Average 27% 32% 39% 27%
ROCE Average 36% 37% 34% 26%

Guj. State Petronet Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 3035 3385 3780 3986 4526 2428 3295 4884 6391 7919 9449
Minority's Interest 52 123 161 0 1235 855 1011 1520 2068 2599 3239
Borrowings 1339 1037 888 790 2793 3972 3375 2378 1095 391 0
Other Non-Current Liabilities 409 449 485 589 1544 1640 1794 1463 1508 1567 1610
Total Current Liabilities 575 631 555 473 1711 3066 2987 3104 3107 2818 3018
Total Liabilities 5410 5625 5868 5838 11808 11963 12461 13350 14169 15294 17316
Fixed Assets 3254 3205 3169 3123 8067 8207 8896 9255 9496 9945 10480
Other Non-Current Assets 897 1507 1921 1825 2147 2438 2023 2242 2883 3558 3701
Total Current Assets 1259 912 778 890 1594 1318 1542 1853 1790 1791 3136
Total Assets 5410 5625 5868 5838 11808 11963 12461 13350 14169 15294 17316

Guj. State Petronet Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 161 537 135 91 99 29 118 168 640 361 90
Cash Flow from Operating Activities 692 644 626 603 1644 1669 2044 2771 2897 2748 3340
Cash Flow from Investing Activities -367 -708 -201 -321 -835 -3593 -612 -806 -1080 -1359 -1815
Cash Flow from Financing Activities 51 -338 -438 -297 -879 2013 -1382 -1494 -2096 -1659 -805
Net Cash Inflow / Outflow 376 -402 -13 -15 -70 89 50 471 -279 -271 720
Closing Cash & Cash Equivalent 537 135 122 76 29 118 168 640 361 90 810

Guj. State Petronet Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 9.56 7.39 8.64 8.26 9.84 13.15 17.71 30.66 28.48 29.04 29.09
CEPS(Rs) 12.86 10.72 10.68 11.51 20.5 24.93 29.41 49.59 48.46 49.81 52.51
DPS(Rs) 1 1 1.2 1.5 1.5 1.75 2 2 2 2 5
Book NAV/Share(Rs) 53.82 60.03 67.03 70.71 80.26 43.04 58.41 86.59 113.27 140.35 167.47
Core EBITDA Margin(%) 91.37 88.4 85.98 87.31 27.15 27.52 26.59 25.85 30.48 19.1 19.72
EBIT Margin(%) 81.14 76.31 73.4 78.29 21.88 23.15 23.11 22.51 26.97 16.75 17.12
Pre Tax Margin(%) 70.38 62.81 62.33 70.24 17.29 19.89 18.64 19.55 25.03 16.14 16.74
PAT Margin (%) 45.81 39.91 38.73 46.9 11.88 12.91 12.46 18.27 18.7 12.18 12.55
Cash Profit Margin (%) 61.67 57.41 56.5 65.34 19.1 18.92 17.36 22.43 23.32 15.34 15.87
ROA(%) 10.77 7.6 7.17 7.95 8.14 8.06 9.75 17.66 15.93 15.14 14.36
ROE(%) 19.25 13.09 11.53 12 16.89 27.59 41.63 55.74 38.89 31.18 26.97
ROCE(%) 22.14 16.95 16.03 15.55 21.06 22.43 28.14 34.25 37.58 36.52 35.62
Receivable days 52.2 87.39 68.47 55.59 18.35 23.54 22.97 19.84 25.13 19.9 21.32
Inventory Days 22.3 25.46 30.8 41.94 8.2 8.21 7.21 5.41 5.52 4.23 5.04
Payable days 0 0 0 0 16.94 25.64 20.89 17.87 23.65 13.76 17.47
PER(x) 6.99 9.36 14.33 16.77 16.36 14.3 10.69 5.64 9.6 8.95 9.09
Price/Book(x) 1.24 1.15 1.85 1.96 2.01 4.37 3.24 2 2.41 1.85 1.58
Dividend Yield(%) 1.5 1.45 0.97 1.08 0.93 0.93 1.06 1.16 0.73 0.77 1.89
EV/Net Sales(x) 3.82 4.55 7.2 8.38 1.9 2.13 1.58 1.03 1.47 0.84 0.75
EV/Core EBITDA(x) 3.94 4.84 7.89 9.1 6.41 7.23 5.52 3.78 4.62 4.19 3.55
Net Sales Growth(%) 4.44 -10.44 1.32 -6.83 494.93 23.04 28.7 31.02 -5.78 55.96 0.7
EBIT Growth(%) 6.18 -15.77 -2.55 -0.61 70.39 29.89 28.42 27.15 12.67 -2.97 4.12
PAT Growth(%) 3.47 -21.98 -1.67 12.84 54.37 33.45 24.21 91.42 -3.78 1.76 4.98
EPS Growth(%) -1.3 -22.7 16.91 -4.33 19.09 33.65 34.65 73.12 -7.12 1.96 0.2
Debt/Equity(x) 0.53 0.42 0.31 0.27 0.66 2.22 1.39 0.74 0.3 0.07 0
Current Ratio(x) 2.19 1.45 1.4 1.88 0.93 0.43 0.52 0.6 0.58 0.64 1.04
Quick Ratio(x) 2.05 1.34 1.2 1.63 0.84 0.37 0.45 0.54 0.52 0.55 0.95
Interest Cover(x) 7.54 5.65 6.63 9.72 4.77 7.11 5.17 7.61 13.96 27.45 45.57
Total Debt/Mcap(x) 0.43 0.37 0.17 0.14 0.33 0.51 0.43 0.37 0.12 0.04 0

Guj. State Petronet Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63
FII 16.61 16.21 16.54 17.31 17.28 16.72 16.55 16.01 16.03 15.67
DII 32.59 33.23 32.76 26.2 26.28 26.9 27.2 27.18 26.77 26.74
Public 13.17 12.93 13.07 18.86 18.82 18.75 18.62 19.19 19.57 19.95
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 32%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 37.63%.
  • Debtor days have increased from 13.76 to 17.47days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Guj. State Petronet News

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