Gujarat Industries Power Co Ltd
Gujarat Industries Power Company Ltd is engaged in generation of power from gas, lignite, wind and solar assets. Its principal place of business are located in the state of Gujarat.[1]
It is indirectly promoted by Gujarat State Govt. through 3 state undertakings i.e. Gujarat Urja Vikas Nigam Ltd, Gujarat Alkalies & Chemicals Ltd and Gujarat State Fertilizers & Chemicals Ltd.[2]
- Market Cap ₹ 2,566 Cr.
- Current Price ₹ 170
- High / Low ₹ 178 / 70.7
- Stock P/E 13.9
- Book Value ₹ 211
- Dividend Yield 2.18 %
- ROCE 8.06 %
- ROE 6.09 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.80 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 25.0%
Cons
- The company has delivered a poor sales growth of 0.03% over past five years.
- Company has a low return on equity of 6.10% over last 3 years.
* 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: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,300 | 1,416 | 1,377 | 1,215 | 1,352 | 1,311 | 1,354 | 1,407 | 1,379 | 1,335 | 1,172 | 1,356 | 1,423 | |
868 | 874 | 906 | 793 | 946 | 878 | 871 | 859 | 874 | 911 | 767 | 948 | 1,048 | |
Operating Profit | 432 | 542 | 470 | 422 | 407 | 432 | 483 | 548 | 505 | 424 | 406 | 408 | 375 |
OPM % | 33% | 38% | 34% | 35% | 30% | 33% | 36% | 39% | 37% | 32% | 35% | 30% | 26% |
-3 | 74 | 31 | 25 | 36 | 69 | 51 | -101 | 42 | 30 | 21 | 48 | 72 | |
Interest | 119 | 105 | 88 | 78 | 76 | 73 | 57 | 50 | 51 | 31 | 29 | 38 | 39 |
Depreciation | 169 | 158 | 156 | 120 | 118 | 127 | 160 | 168 | 191 | 155 | 151 | 165 | 167 |
Profit before tax | 142 | 354 | 257 | 248 | 250 | 301 | 317 | 228 | 305 | 268 | 247 | 253 | 242 |
Tax % | 16% | 38% | 28% | 49% | 25% | 24% | 23% | 23% | 19% | 33% | 31% | 26% | |
118 | 219 | 186 | 126 | 188 | 229 | 244 | 176 | 248 | 180 | 171 | 189 | 185 | |
EPS in Rs | 7.83 | 14.47 | 12.29 | 8.35 | 12.45 | 15.16 | 16.17 | 11.66 | 16.40 | 11.89 | 11.33 | 12.48 | 12.21 |
Dividend Payout % | 32% | 17% | 20% | 30% | 22% | 18% | 17% | 25% | 18% | 23% | 22% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | 0% |
3 Years: | -1% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | -5% |
3 Years: | -9% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 30% |
1 Year: | 90% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | 6% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 | 151 |
Reserves | 1,288 | 1,463 | 1,605 | 1,685 | 1,882 | 2,085 | 2,308 | 2,419 | 2,597 | 2,704 | 2,893 | 3,003 | 3,043 |
944 | 855 | 716 | 606 | 475 | 417 | 617 | 573 | 447 | 480 | 529 | 493 | 636 | |
552 | 478 | 521 | 559 | 639 | 761 | 710 | 688 | 734 | 794 | 830 | 839 | 1,007 | |
Total Liabilities | 2,936 | 2,947 | 2,992 | 3,002 | 3,148 | 3,414 | 3,786 | 3,831 | 3,930 | 4,129 | 4,403 | 4,487 | 4,837 |
2,284 | 2,133 | 1,991 | 1,890 | 1,859 | 2,522 | 2,680 | 2,632 | 2,883 | 2,628 | 3,056 | 2,951 | 3,047 | |
CWIP | 164 | 83 | 87 | 41 | 153 | 24 | 6 | 167 | 5 | 292 | 41 | 75 | 168 |
Investments | 45 | 69 | 160 | 207 | 250 | 281 | 328 | 90 | 60 | 88 | 148 | 106 | 120 |
442 | 661 | 754 | 863 | 885 | 587 | 772 | 942 | 982 | 1,121 | 1,158 | 1,355 | 1,502 | |
Total Assets | 2,936 | 2,947 | 2,992 | 3,002 | 3,148 | 3,414 | 3,786 | 3,831 | 3,930 | 4,129 | 4,403 | 4,487 | 4,837 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
482 | 408 | 398 | 405 | 232 | 433 | 337 | 590 | 445 | 193 | 362 | 410 | |
-100 | 55 | -86 | -124 | -178 | -459 | -389 | -239 | -113 | -231 | -340 | -128 | |
-333 | -237 | -272 | -230 | -228 | -161 | 103 | -142 | -222 | -47 | -25 | -110 | |
Net Cash Flow | 49 | 225 | 40 | 50 | -174 | -187 | 51 | 209 | 109 | -85 | -2 | 172 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 59 | 44 | 59 | 39 | 72 | 69 | 70 | 56 | 51 | 81 | 101 | 83 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 59 | 44 | 59 | 39 | 72 | 69 | 70 | 56 | 51 | 81 | 101 | 83 |
Working Capital Days | -64 | -25 | -16 | -19 | 19 | -12 | 17 | 7 | 39 | 87 | 116 | 112 |
ROCE % | 11% | 16% | 14% | 14% | 13% | 15% | 13% | 16% | 11% | 9% | 8% | 8% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Investor Presentation
13h - Investors Presentation on website of the Company for the benefits of Investors / Shareholders at large. A copy the same is enclosed herewith for information.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Dec
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 30 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 30 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Nov
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
Concalls
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Dec 2023TranscriptNotesPPT
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Jun 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Jun 2021TranscriptPPT
Power Projects
At present, the company owns and operates various projects with a total generation capacity of ~1,200 MW of power p.a. The breakup is as follows -