Gujarat Pipavav Port Ltd
₹ 191
1.55%
15 Dec
- close price
About
Gujarat Pipavav Port is India's first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side.
Key Points
- Market Cap ₹ 9,251 Cr.
- Current Price ₹ 191
- High / Low ₹ 199 / 121
- Stock P/E 20.8
- Book Value ₹ 49.6
- Dividend Yield 4.29 %
- ROCE 23.3 %
- ROE 17.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.29%.
- Company has been maintaining a healthy dividend payout of 99.1%
- Debtor days have improved from 24.3 to 17.6 days.
Cons
- The company has delivered a poor sales growth of 6.08% over past five 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.
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 660 | 683 | 649 | 702 | 735 | 733 | 741 | 917 | 988 | 988 | 1,064 | |
| 278 | 262 | 275 | 313 | 289 | 311 | 331 | 414 | 415 | 410 | 443 | |
| Operating Profit | 382 | 421 | 374 | 389 | 447 | 422 | 411 | 503 | 574 | 578 | 621 |
| OPM % | 58% | 62% | 58% | 55% | 61% | 58% | 55% | 55% | 58% | 58% | 58% |
| 61 | 66 | 59 | 76 | 78 | 48 | 30 | 35 | 31 | 98 | 143 | |
| Interest | 0 | 0 | 0 | 0 | 7 | 6 | 5 | 8 | 9 | 6 | 6 |
| Depreciation | 97 | 107 | 104 | 113 | 131 | 133 | 129 | 116 | 116 | 117 | 122 |
| Profit before tax | 345 | 379 | 330 | 352 | 386 | 330 | 307 | 413 | 479 | 552 | 636 |
| Tax % | 34% | 26% | 33% | 33% | 17% | 33% | 36% | 24% | 29% | 28% | |
| 227 | 282 | 221 | 237 | 319 | 222 | 197 | 313 | 342 | 397 | 477 | |
| EPS in Rs | 4.71 | 5.84 | 4.57 | 4.90 | 6.61 | 4.59 | 4.08 | 6.48 | 7.07 | 8.21 | 9.86 |
| Dividend Payout % | 40% | 65% | 74% | 71% | 85% | 98% | 98% | 94% | 103% | 100% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 10% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 26% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 16% |
| 3 Years: | 25% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 16% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 |
| Reserves | 1,604 | 1,659 | 1,676 | 1,714 | 1,805 | 1,756 | 1,760 | 1,827 | 1,830 | 1,854 | 1,915 |
| 0 | 0 | 0 | 0 | 58 | 47 | 47 | 79 | 79 | 63 | 51 | |
| 282 | 331 | 296 | 348 | 282 | 363 | 442 | 479 | 544 | 535 | 512 | |
| Total Liabilities | 2,369 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,936 | 2,935 | 2,961 |
| 1,342 | 1,676 | 1,686 | 1,590 | 1,583 | 1,467 | 1,408 | 1,363 | 1,358 | 1,329 | 1,342 | |
| CWIP | 392 | 92 | 32 | 45 | 6 | 53 | 49 | 95 | 81 | 83 | 26 |
| Investments | 174 | 206 | 228 | 259 | 286 | 290 | 294 | 315 | 321 | 338 | 345 |
| 462 | 499 | 509 | 651 | 754 | 839 | 981 | 1,096 | 1,177 | 1,186 | 1,248 | |
| Total Assets | 2,369 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,936 | 2,935 | 2,961 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 389 | 406 | 315 | 299 | 343 | 388 | 380 | 370 | 489 | 446 | |
| -285 | -245 | -129 | -126 | -85 | -105 | -166 | -82 | -111 | -56 | |
| -0 | -227 | -204 | -198 | -250 | -296 | -220 | -273 | -370 | -401 | |
| Net Cash Flow | 104 | -66 | -18 | -25 | 8 | -13 | -6 | 15 | 8 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 |
| Inventory Days | ||||||||||
| Days Payable | ||||||||||
| Cash Conversion Cycle | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 |
| Working Capital Days | -93 | -101 | -91 | -69 | -59 | -75 | -79 | -52 | -106 | -105 |
| ROCE % | 18% | 15% | 16% | 17% | 15% | 14% | 20% | 23% | 23% |
Documents
Announcements
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Disclosure Under Regulation 30 Read With Schedule III Part A Para B Of SEBI (LODR) Regulations, 2015
3 Dec - 3 Dec 2025: Gujarat Pipavav signed non-binding MoU with NYK to develop RoRo handling 500,000 cars annually.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Nov - Regarding Investor Conference organised by Kotak Securities attached
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Nov - Investor/analyst Q&A meetings on 20 Nov 2025 with seven institutions; no UPSI shared.
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Reply To Email From BSE Surveillance
7 Nov - Exchange queried volume spike; company says disclosures filed Nov 5; interim dividend approved.
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Clarification sought from Gujarat Pipavav Port Ltd
7 Nov - Exchange has sought clarification from Gujarat Pipavav Port Ltd on November 7, 2025, with reference to Movement in Volume.
Annual reports
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Financial Year 2025
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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 2013
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Financial Year 2012
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Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT REC
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Nov 2023TranscriptAI SummaryPPT REC
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Aug 2023TranscriptAI SummaryPPT REC
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May 2023TranscriptAI SummaryPPT REC
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Feb 2023TranscriptAI SummaryPPTREC
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Nov 2022TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptPPT
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May 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Oct 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Jan 2019TranscriptAI SummaryPPT
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Oct 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Jan 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Aug 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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Jan 2016TranscriptAI SummaryPPT
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Oct 2015TranscriptAI SummaryPPT
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Jul 2015TranscriptAI SummaryPPT
Business Overview
The company has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with the Gujarat Maritime Board and the government of Gujarat. It handles four types of cargo including container, dry bulk, liquid bulk, and RoRo. [1]