Gujarat Pipavav Port Ltd

Gujarat Pipavav Port Ltd

₹ 154 0.65%
09 Jun - 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

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]

  • Market Cap 7,460 Cr.
  • Current Price 154
  • High / Low 200 / 142
  • Stock P/E 14.9
  • Book Value 49.4
  • Dividend Yield 5.31 %
  • ROCE 28.0 %
  • ROE 21.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 83.3%

Cons

  • The company has delivered a poor sales growth of 9.57% 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
235 215 253 270 251 246 227 263 252 250 299 292 317
105 109 102 110 97 96 94 124 95 102 122 132 94
Operating Profit 130 106 151 159 154 150 133 139 157 148 178 160 223
OPM % 55% 49% 60% 59% 61% 61% 58% 53% 62% 59% 59% 55% 70%
24 16 26 25 -32 25 25 25 23 24 70 19 -0
Interest 2 3 2 2 3 2 2 1 2 2 1 2 1
Depreciation 28 29 29 29 29 29 29 31 28 31 32 32 30
Profit before tax 125 90 146 153 91 144 126 132 150 139 215 144 192
Tax % 22% 25% 37% 24% 27% 24% 40% 25% 25% 25% 25% 25% 26%
97 68 92 116 66 110 75 99 112 104 161 108 142
EPS in Rs 2.01 1.40 1.91 2.40 1.36 2.27 1.56 2.06 2.32 2.16 3.32 2.23 2.94
Raw PDF

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 Mar 2026
660 683 649 702 735 733 741 917 988 988 1,158
278 262 275 313 289 311 331 414 415 410 450
Operating Profit 382 421 374 389 447 422 411 503 574 578 708
OPM % 58% 62% 58% 55% 61% 58% 55% 55% 58% 58% 61%
61 66 59 76 78 48 30 35 31 98 114
Interest 0 0 0 0 7 6 5 8 9 6 7
Depreciation 97 107 104 113 131 133 129 116 116 117 126
Profit before tax 345 379 330 352 386 330 307 413 479 552 689
Tax % 34% 26% 33% 33% 17% 33% 36% 24% 29% 28% 25%
227 282 221 237 319 222 197 313 342 397 515
EPS in Rs 4.71 5.84 4.57 4.90 6.61 4.59 4.08 6.48 7.07 8.21 10.66
Dividend Payout % 40% 65% 74% 71% 85% 98% 98% 94% 103% 100% 47%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 8%
TTM: 17%
Compounded Profit Growth
10 Years: 8%
5 Years: 18%
3 Years: 14%
TTM: 26%
Stock Price CAGR
10 Years: 0%
5 Years: 5%
3 Years: 11%
1 Year: -6%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 18%
Last Year: 21%

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 Mar 2026
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 1,905
0 0 0 0 58 47 47 79 79 63 37
282 331 296 348 282 363 442 479 544 535 598
Total Liabilities 2,369 2,473 2,456 2,546 2,629 2,649 2,733 2,869 2,936 2,935 3,024
1,342 1,676 1,686 1,590 1,583 1,467 1,408 1,363 1,358 1,329 1,295
CWIP 392 92 32 45 6 53 49 95 81 83 286
Investments 174 206 228 259 286 290 294 315 321 338 355
462 499 509 651 754 839 981 1,096 1,177 1,186 1,088
Total Assets 2,369 2,473 2,456 2,546 2,629 2,649 2,733 2,869 2,936 2,935 3,024

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 Mar 2026
389 406 315 299 343 388 380 370 489 446 510
-285 -245 -129 -126 -85 -105 -166 -82 -111 -56 -18
-0 -227 -204 -198 -250 -296 -220 -273 -370 -401 -495
Net Cash Flow 104 -66 -18 -25 8 -13 -6 15 8 -11 -3
Free Cash Flow 23 263 261 268 329 343 329 312 417 351 220
CFO/OP 123% 110% 98% 95% 91% 106% 107% 95% 109% 101% 96%

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 Mar 2026
Debtor Days 16 15 14 26 23 24 26 34 21 18 14
Inventory Days
Days Payable
Cash Conversion Cycle 16 15 14 26 23 24 26 34 21 18 14
Working Capital Days -93 -101 -91 -69 -59 -75 -79 -52 -106 -105 -11
ROCE % 18% 15% 16% 17% 15% 14% 20% 23% 23% 28%

Insights

In beta
Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Dry Bulk Volume
Metric Tonnes

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Container Volume
TEUs
Liquid Volume
Metric Tonnes
RoRo Volume
Units/Cars

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
44.01% 44.01% 44.01% 44.01% 44.01% 44.01% 44.01% 44.01% 44.01% 44.01% 44.01% 44.01%
21.02% 20.12% 19.81% 18.31% 18.53% 19.81% 20.49% 19.45% 19.48% 19.82% 21.04% 22.14%
22.66% 21.23% 20.01% 17.38% 17.04% 16.42% 16.75% 17.10% 16.25% 15.73% 14.93% 14.96%
12.32% 14.65% 16.19% 20.31% 20.42% 19.77% 18.75% 19.44% 20.26% 20.43% 20.01% 18.88%
No. of Shareholders 1,40,2581,61,1671,69,2172,15,9602,26,6252,43,6042,30,1472,37,3782,45,8852,46,6492,38,5632,33,922

* 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.

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