Gujarat Industries Power Co Ltd
Incorporated in 1985, Gujarat Industries is a Public Limited company of the Government of Gujarat.
The company is engaged in the business of Electrical Power Generation with a present installed generation capacity of 1184.40MW. The Company has a diversified portfolio of Thermal (Gas and Lignite), Wind, and Solar Power Plant Assets in the State of Gujarat.[1]
- Market Cap ₹ 3,184 Cr.
- Current Price ₹ 205
- High / Low ₹ 270 / 148
- Stock P/E 15.1
- Book Value ₹ 227
- Dividend Yield 1.93 %
- ROCE 6.44 %
- ROE 6.19 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.90 times its book value
- Company has been maintaining a healthy dividend payout of 29.8%
- Promoter holding has increased by 1.14% over last quarter.
- Company's working capital requirements have reduced from 87.2 days to 64.2 days
Cons
- The company has delivered a poor sales growth of -1.84% over past five years.
- Company has a low return on equity of 6.14% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Utilities Power Power Power Generation
Part of BSE SmallCap BSE Allcap BSE Utilities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,377 | 1,215 | 1,352 | 1,311 | 1,354 | 1,407 | 1,379 | 1,335 | 1,172 | 1,356 | 1,349 | 1,256 | |
906 | 793 | 946 | 878 | 871 | 859 | 874 | 911 | 767 | 948 | 967 | 850 | |
Operating Profit | 470 | 422 | 407 | 432 | 483 | 548 | 505 | 424 | 406 | 408 | 381 | 406 |
OPM % | 34% | 35% | 30% | 33% | 36% | 39% | 37% | 32% | 35% | 30% | 28% | 32% |
31 | 25 | 36 | 69 | 51 | -101 | 42 | 30 | 21 | 48 | 76 | 69 | |
Interest | 88 | 78 | 76 | 73 | 57 | 50 | 51 | 31 | 29 | 38 | 37 | 32 |
Depreciation | 156 | 120 | 118 | 127 | 160 | 168 | 191 | 155 | 151 | 165 | 168 | 170 |
Profit before tax | 257 | 248 | 250 | 301 | 317 | 228 | 305 | 268 | 247 | 253 | 253 | 273 |
Tax % | 28% | 49% | 25% | 24% | 23% | 23% | 19% | 33% | 31% | 26% | 21% | 23% |
186 | 126 | 188 | 229 | 244 | 176 | 248 | 180 | 171 | 189 | 199 | 211 | |
EPS in Rs | 12.29 | 8.35 | 12.45 | 15.16 | 16.17 | 11.66 | 16.40 | 11.89 | 11.33 | 12.48 | 13.12 | 13.62 |
Dividend Payout % | 20% | 30% | 22% | 18% | 17% | 25% | 18% | 23% | 22% | 30% | 30% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | -2% |
3 Years: | 2% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | -3% |
3 Years: | 7% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 26% |
3 Years: | 36% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 6% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 155 |
Reserves | 1,605 | 1,685 | 1,882 | 2,085 | 2,308 | 2,419 | 2,597 | 2,704 | 2,893 | 3,003 | 3,154 | 3,369 |
716 | 606 | 475 | 417 | 617 | 573 | 447 | 480 | 529 | 493 | 614 | 2,027 | |
521 | 559 | 639 | 761 | 710 | 688 | 734 | 794 | 830 | 839 | 1,298 | 2,015 | |
Total Liabilities | 2,992 | 3,002 | 3,148 | 3,414 | 3,786 | 3,831 | 3,930 | 4,129 | 4,403 | 4,487 | 5,218 | 7,566 |
1,991 | 1,890 | 1,859 | 2,522 | 2,680 | 2,632 | 2,883 | 2,628 | 3,056 | 2,951 | 2,981 | 2,830 | |
CWIP | 87 | 41 | 153 | 24 | 6 | 167 | 5 | 292 | 41 | 75 | 437 | 3,266 |
Investments | 160 | 207 | 250 | 281 | 328 | 90 | 60 | 88 | 148 | 106 | 124 | 106 |
754 | 863 | 885 | 587 | 772 | 942 | 982 | 1,121 | 1,158 | 1,355 | 1,678 | 1,364 | |
Total Assets | 2,992 | 3,002 | 3,148 | 3,414 | 3,786 | 3,831 | 3,930 | 4,129 | 4,403 | 4,487 | 5,218 | 7,566 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
398 | 405 | 232 | 433 | 337 | 590 | 445 | 193 | 362 | 410 | 562 | 1,127 | |
-86 | -124 | -178 | -459 | -389 | -239 | -113 | -231 | -340 | -128 | -217 | -2,665 | |
-272 | -230 | -228 | -161 | 103 | -142 | -222 | -47 | -25 | -110 | -190 | 1,397 | |
Net Cash Flow | 40 | 50 | -174 | -187 | 51 | 209 | 109 | -85 | -2 | 172 | 155 | -141 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 59 | 39 | 72 | 69 | 70 | 56 | 51 | 81 | 101 | 83 | 76 | 58 |
Inventory Days | 159 | |||||||||||
Days Payable | 59 | |||||||||||
Cash Conversion Cycle | 59 | 39 | 72 | 69 | 70 | 56 | 51 | 81 | 101 | 83 | 76 | 158 |
Working Capital Days | -16 | -19 | 19 | -12 | 17 | 7 | 39 | 87 | 116 | 112 | 86 | 64 |
ROCE % | 14% | 14% | 13% | 15% | 13% | 16% | 11% | 9% | 8% | 8% | 8% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jun - Newspaper publication regarding notice of transfer of equity shares of the company to (Investor Education and Protection Fund) Account.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report FY 2024-25 submitted; minor penalties waived by stock exchanges.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Standalone Audited Financial Results for the fourth quarter and for F.Y. 2024-25 ended on 31/03/2025.
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Pursuant To Regulation 30 Of SEBI Listing Regulations, 2015, Intimation Regarding Appointment Of Cost Auditors Of The Company.
22 May - Q4 & FY 2024-25 audited results, Rs.4.09 dividend recommended, new secretarial and cost auditors appointed.
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Pursuant To Regulation 30 Of SEBI Listing Regulations, 2015 Intimation Regarding Appointment Of Secretarial Auditors Of The Company
22 May - Approved FY 2024-25 audited results; recommended Rs.4.09 dividend; appointed secretarial and cost auditors.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2024TranscriptNotesPPT
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Dec 2023TranscriptNotesPPT
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Jun 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Jun 2021TranscriptPPT
Projects[1]
1. Thermal
Gas - 2 projects in Vadodara with total 310 MW capacity.
** Lignite** - 2 projects in Nani Naroli with total 500 MW capacity.