Gujarat Industries Power Co Ltd

Gujarat Industries Power Company Limited is engaged in the generation of electricity. The Company's gas-based power plants are Vadodara Stations, including Station-I with a capacity of 145 Mega Watts (MW) and Station-II with a capacity of 165 MW.

  • Market Cap: 1,041 Cr.
  • Current Price: 68.60
  • 52 weeks High / Low 87.00 / 42.50
  • Book Value: 169.96
  • Stock P/E: 2.96
  • Dividend Yield: 4.23 %
  • ROCE: 16.17 %
  • ROE: 14.22 %
  • Sales Growth (3Yrs): 1.34 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.40 times its book value
Stock is providing a good dividend yield of 4.23%.
Company has been maintaining a healthy dividend payout of 19.87%
Cons:
The company has delivered a poor growth of 0.44% over past five years.
Tax rate seems low
Company has a low return on equity of 10.82% for last 3 years.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Power Generation & Distribution // Industry: Power Generation And Supply

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

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%
Other Income 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%
Net Profit 219 186 126 188 229 166 255
EPS in Rs 14.04 11.87 7.84 12.45 15.16 10.98 16.84
Dividend Payout % 17% 20% 30% 22% 18% 25% 17%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:0.44%
3 Years:1.34%
TTM:3.95%
Compounded Profit Growth
10 Years:%
5 Years:13.61%
3 Years:23.19%
TTM:111.94%
Stock Price CAGR
10 Years:-5.32%
5 Years:-1.09%
3 Years:-19.66%
1 Year:-3.18%
Return on Equity
10 Years:%
5 Years:10.07%
3 Years:10.82%
Last Year:14.22%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
151 151 151 151 151 151 151
Reserves 1,463 1,605 1,685 1,882 2,085 2,229 2,419
Borrowings 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
ROCE % 14% 14% 13% 15% 13% 16%
Debtor Days 44 59 39 72 69 70 56
Inventory Turnover 0.16 0.18 0.17 4.45 4.16 4.10

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
58.21 58.21 58.21 58.21 58.21 55.69 55.69 55.69 55.69 55.69 55.69 55.69
3.54 3.53 3.35 3.34 2.93 2.77 2.87 2.57 1.59 1.02 0.95 0.78
12.84 12.59 12.65 13.11 12.90 15.37 15.42 15.40 15.37 15.38 14.88 14.29
7.64 7.84 7.84 7.64 7.64 7.64 7.64 7.64 7.64 7.64 7.64 7.64
17.78 17.84 17.96 17.70 18.32 18.53 18.38 18.69 19.71 20.27 20.84 21.60