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 ₹ 3,018 Cr.
- Current Price ₹ 194
- High / Low ₹ 268 / 148
- Stock P/E 8.57
- Book Value ₹ 170
- Dividend Yield 2.10 %
- ROCE 16.2 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.14 times its book value
- Company has been maintaining a healthy dividend payout of 19.9%
Cons
- The company has delivered a poor sales growth of 0.44% over past five years.
- Company has a low return on equity of 10.8% 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
Utilities Power Power Power Generation
Part of BSE SmallCap BSE Allcap BSE Utilities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Operating Profit |
OPM % |
Interest |
Depreciation |
Profit before tax |
Tax % |
EPS in Rs |
Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
1,416 | 1,377 | 1,215 | 1,352 | 1,311 | 1,354 | 1,407 | |
874 | 906 | 793 | 946 | 878 | 871 | 859 | |
Operating Profit | 542 | 470 | 422 | 407 | 432 | 483 | 548 |
OPM % | 38% | 34% | 35% | 30% | 33% | 36% | 39% |
74 | 31 | 25 | 36 | 69 | 51 | -23 | |
Interest | 105 | 88 | 78 | 76 | 73 | 57 | 50 |
Depreciation | 158 | 156 | 120 | 118 | 127 | 160 | 168 |
Profit before tax | 353 | 257 | 248 | 250 | 301 | 318 | 307 |
Tax % | 38% | 28% | 49% | 25% | 24% | 23% | 17% |
219 | 186 | 126 | 188 | 229 | 166 | 255 | |
EPS in Rs | 14.47 | 12.30 | 8.35 | 12.45 | 15.16 | 10.98 | 16.84 |
Dividend Payout % | 17% | 20% | 30% | 22% | 18% | 25% | 17% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 1% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 23% |
TTM: | 112% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 22% |
3 Years: | 28% |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 11% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
Equity Capital | 151 | 151 | 151 | 151 | 151 | 151 | 151 |
Reserves | 1,463 | 1,605 | 1,685 | 1,882 | 2,085 | 2,229 | 2,419 |
855 | 716 | 606 | 475 | 417 | 617 | 573 | |
478 | 521 | 559 | 639 | 761 | 710 | 688 | |
Total Liabilities | 2,947 | 2,992 | 3,002 | 3,148 | 3,414 | 3,707 | 3,831 |
2,133 | 1,991 | 1,890 | 1,977 | 2,522 | 2,680 | 2,632 | |
CWIP | 83 | 87 | 99 | 35 | 24 | 6 | 167 |
Investments | 69 | 160 | 207 | 250 | 280 | 249 | 90 |
662 | 755 | 806 | 886 | 588 | 773 | 942 | |
Total Assets | 2,947 | 2,992 | 3,002 | 3,148 | 3,414 | 3,707 | 3,831 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
407 | 398 | 342 | 232 | 433 | 331 | 582 | |
55 | -86 | -61 | -178 | -459 | -383 | -231 | |
-237 | -272 | -230 | -228 | -161 | 103 | -142 | |
Net Cash Flow | 225 | 40 | 50 | -174 | -187 | 51 | 208 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
---|---|---|---|---|---|---|---|
Debtor Days | 44 | 59 | 39 | 72 | 69 | 70 | 56 |
Inventory Days | |||||||
Days Payable | |||||||
Cash Conversion Cycle | 44 | 59 | 39 | 72 | 69 | 70 | 56 |
Working Capital Days | -52 | -35 | -40 | 8 | -23 | -12 | -8 |
ROCE % | 14% | 14% | 13% | 15% | 13% | 16% |
Documents
Announcements
-
40Th AGM, Annual Report And KYC Intimation To The Holders Of Physical Securities.
2d - AGM on 20 Sep 2025; annual report link provided; SEBI-mandated KYC/demat update reminder.
-
Setting Up Of 700-750 MW Lignite Based Power Plant At Valia.
30 Aug - GIPCL approved to set up 700–750 MW Valia lignite plant; GUVNL in-principle 25-year power procurement.
-
Record Date
29 Aug - Dividend Rs.4.09/share; record date Sep 12, 2025; 40th AGM Sep 20; e-voting Sep 17-19.
-
For The Purpose Of Annual Dividend And The Annual General Meeting.
27 Aug - AGM Sep 20, 2025; books closed Sep13-20; dividend Rs4.09/share subject to approval; appoint Dr. Jayanti S. Ravi.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Aug - Regarding newspaper publication containing details of 40th AGM, Book Closure, e-voting etc.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
Concalls
-
Nov 2024TranscriptNotesPPT
-
Dec 2023TranscriptNotesPPT
-
Jun 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
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.