Gujarat State Petronet Ltd

Guj.St.Petronet Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat State Petronet Ltd

₹ 293 0.64%
10 May - close price
gspcgroup.com BSE: 532702 NSE: GSPL
About

Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.
Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills. [1]

Key Points

Gas Transmission Business
The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources. GSPL commenced its operations with the transmission of natural gas being provided by GSPC. Over a while, GSPL has invested significantly in developing its natural gas pipeline network, which is now connected to major natural gas supply sources in Gujarat, including designated collection points near the various natural gas fields in Hazira, regassified liquified natural gas (RLNG) from Shell’s terminal at Hazira, Petronet LNG Limited’s terminal at Dahej, GSPC LNG Limited’s (GLL) terminal at Mundra along with Swan LNG floating storage regasification unit (FSRU) (Phase-1) and Chhara LNG terminal. It owns and operates around 2,704 km of natural gas transmission pipeline in the state of Gujarat as of Q1FY24. GSPL also sells electricity generated through its 52.50-MW windmills.

Website BSE NSE
  • Market Cap ₹ 16,512 Cr.
  • Current Price ₹ 293
  • High / Low ₹ 407 / 254
  • Stock P/E 12.8
  • Book Value ₹ 182
  • Dividend Yield 1.71 %
  • ROCE 16.8 %
  • ROE 13.2 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.0%

Cons

  • The company has delivered a poor sales growth of 1.59% over past five years.
  • Company has a low return on equity of 12.2% over last 3 years.
  • Working capital days have increased from 88.0 days to 197 days

* 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.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
465 527 589 471 433 482 435 402 443 441 529 554 507
122 154 208 135 127 122 101 132 148 105 119 175 129
Operating Profit 343 373 381 336 306 360 334 270 295 336 410 379 378
OPM % 74% 71% 65% 71% 71% 75% 77% 67% 67% 76% 78% 68% 75%
6 4 88 39 6 4 104 13 48 18 266 21 30
Interest 17 14 9 5 3 1 1 1 1 1 1 1 2
Depreciation 50 48 49 49 49 48 49 49 48 47 48 49 49
Profit before tax 282 315 411 320 260 315 388 233 293 307 628 351 357
Tax % 27% 26% 20% 23% 22% 25% 19% 27% 23% 25% 15% 25% 27%
206 232 328 248 202 235 314 171 224 229 532 262 261
EPS in Rs 3.66 4.11 5.81 4.40 3.58 4.17 5.57 3.03 3.98 4.06 9.43 4.65 4.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,173 1,051 1,065 992 1,028 1,332 1,877 2,363 2,079 2,020 1,762 2,032
101 122 136 126 139 184 334 789 612 620 503 527
Operating Profit 1,072 929 928 866 888 1,148 1,543 1,574 1,467 1,400 1,259 1,504
OPM % 91% 88% 87% 87% 86% 86% 82% 67% 71% 69% 71% 74%
66 55 39 66 88 73 59 65 69 133 168 335
Interest 126 142 118 80 60 35 219 164 93 31 5 5
Depreciation 186 184 189 183 179 175 180 195 203 196 194 192
Profit before tax 826 658 660 669 738 1,011 1,203 1,280 1,240 1,306 1,229 1,642
Tax % 35% 36% 38% 33% 33% 34% 34% 13% 25% 23% 23% 22%
538 419 410 445 497 668 795 1,109 924 1,010 945 1,285
EPS in Rs 9.56 7.45 7.29 7.91 8.81 11.86 14.09 19.65 16.38 17.90 16.75 22.77
Dividend Payout % 10% 13% 16% 19% 17% 15% 14% 10% 12% 11% 30% 22%
Compounded Sales Growth
10 Years: 7%
5 Years: 2%
3 Years: -1%
TTM: 15%
Compounded Profit Growth
10 Years: 12%
5 Years: 10%
3 Years: 12%
TTM: 36%
Stock Price CAGR
10 Years: 15%
5 Years: 11%
3 Years: 2%
1 Year: 2%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 12%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 563 563 563 563 564 564 564 564 564 564 564 564
Reserves 2,378 2,732 3,060 3,506 3,932 4,501 5,180 6,158 6,981 7,879 8,709 9,706
1,610 1,429 1,157 1,067 631 3,058 2,366 1,630 1,030 95 8 8
703 679 760 710 707 826 840 750 797 802 807 802
Total Liabilities 5,253 5,403 5,540 5,846 5,833 8,949 8,950 9,103 9,373 9,340 10,088 11,081
3,252 3,159 3,065 3,123 3,166 3,114 3,608 3,586 3,467 3,325 3,155 3,035
CWIP 526 656 776 768 686 896 419 237 222 253 426 762
Investments 174 585 649 731 766 4,181 4,277 4,611 5,006 5,174 5,170 5,330
1,302 1,002 1,050 1,224 1,216 757 646 669 678 588 1,337 1,954
Total Assets 5,253 5,403 5,540 5,846 5,833 8,949 8,950 9,103 9,373 9,340 10,088 11,081

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
693 645 627 603 944 894 1,088 1,360 1,241 1,075 966 1,172
-328 -646 -152 -321 -368 -3,174 -8 -310 -438 -4 -702 -1,016
-1 -407 -474 -297 -637 2,286 -1,033 -1,030 -809 -1,082 -203 -284
Net Cash Flow 364 -408 1 -15 -61 7 48 20 -6 -11 62 -127

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 79 86 52 56 42 34 40 25 28 23 30 25
Inventory Days
Days Payable
Cash Conversion Cycle 79 86 52 56 42 34 40 25 28 23 30 25
Working Capital Days -62 -89 -81 -57 -17 -361 -188 -150 19 16 51 197
ROCE % 23% 17% 17% 15% 16% 16% 18% 18% 16% 15% 14%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63%
17.46% 17.47% 16.61% 16.21% 16.54% 17.31% 17.28% 16.72% 16.55% 16.00% 16.03% 15.67%
19.05% 20.03% 21.61% 22.25% 21.78% 24.19% 24.27% 24.88% 25.20% 25.17% 24.77% 24.74%
10.98% 10.98% 10.98% 10.98% 10.98% 2.01% 2.01% 2.01% 2.01% 2.01% 2.01% 2.01%
14.88% 13.89% 13.17% 12.93% 13.07% 18.85% 18.82% 18.75% 18.62% 19.19% 19.56% 19.95%
No. of Shareholders 1,39,4091,54,5261,54,1251,55,4571,58,0301,64,8301,63,6881,59,9841,59,4011,68,2961,73,7631,80,765

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2024
    Transcript
    Notes
    PPT
  • Feb 2024
    Transcript
    Notes
    PPT
  • Nov 2023
    Transcript
    Notes
    PPT
  • Aug 2023
    Transcript
    Notes
    PPT
  • May 2023
    Transcript
    Notes
    PPT
  • Nov 2019
    Transcript
    Notes
    PPT
  • Aug 2019
    Transcript
    Notes
    PPT
  • May 2019
    Transcript
    Notes
    PPT