Gujarat Industries Power Co Ltd

₹ 170 -0.12%

05 Dec 10:30 a.m.

About

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]

Key Points

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 -

Website BSE NSE

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

Add ratio to table

Edit ratios

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

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	336	331	332	296	322	262	293	303	252	376	424	342	280
	231	233	233	212	203	174	177	178	177	294	299	236	218
Operating Profit	106	98	99	84	119	88	116	125	76	82	125	106	62
OPM %	31%	30%	30%	28%	37%	33%	40%	41%	30%	22%	29%	31%	22%
	7	8	8	4	5	5	7	6	14	19	9	18	26
Interest	8	7	7	7	7	7	7	9	9	10	10	9	10
Depreciation	48	24	35	33	37	41	40	41	41	42	41	42	42
Profit before tax	56	75	65	48	79	44	76	81	39	49	84	73	36
Tax %	19%	59%	32%	27%	32%	37%	28%	23%	32%	31%	22%	21%	21%
	46	31	44	35	53	28	55	63	27	34	65	57	28
EPS in Rs	3.01	2.02	2.92	2.34	3.53	1.85	3.61	4.16	1.76	2.25	4.30	3.79	1.87
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

6 Recently

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%
	0.71%	1.50%	1.59%	1.61%	1.67%	1.64%	2.10%	2.76%	2.91%	2.90%	4.42%	3.88%
	13.97%	11.70%	10.01%	8.11%	7.33%	7.22%	8.50%	8.48%	6.81%	6.15%	5.99%	5.99%
	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%
	21.98%	23.46%	25.06%	26.94%	27.67%	27.81%	26.07%	25.42%	26.94%	27.62%	26.26%	26.80%
No. of Shareholders	61,854	67,352	71,454	79,910	78,015	78,446	75,887	73,440	72,832	72,252	67,858	74,802

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
	58.21%	58.21%	55.69%	55.69%	55.69%	55.69%	55.69%	55.69%
	3.91%	3.35%	2.87%	0.95%	1.50%	1.64%	2.90%	3.88%
	10.93%	12.65%	15.42%	14.88%	11.70%	7.22%	6.15%	5.99%
	7.64%	7.84%	7.64%	7.64%	7.64%	7.64%	7.64%	7.64%
	19.31%	17.96%	18.38%	20.84%	23.46%	27.81%	27.62%	26.80%
No. of Shareholders	58,158	53,522	52,293	52,887	67,352	78,446	72,252	74,802

* 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.

Gujarat Industries Power Co Ltd

Gujarat Industries Power Co Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls