Gujarat Pipavav Port Ltd
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.
- Market Cap ₹ 9,901 Cr.
- Current Price ₹ 205
- High / Low ₹ 225 / 105
- Stock P/E 26.2
- Book Value ₹ 47.7
- Dividend Yield 2.98 %
- ROCE 19.6 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 96.7%
Cons
- The company has delivered a poor sales growth of 7.16% over past five years.
- Company has a low return on equity of 11.3% 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: Marine Port & Services Industry: Miscellaneous
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 | TTM | |
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660 | 683 | 649 | 702 | 735 | 733 | 741 | 917 | 972 | |
278 | 262 | 275 | 313 | 289 | 311 | 331 | 414 | 426 | |
Operating Profit | 382 | 421 | 374 | 389 | 447 | 422 | 411 | 503 | 546 |
OPM % | 58% | 62% | 58% | 55% | 61% | 58% | 55% | 55% | 56% |
61 | 66 | 59 | 76 | 78 | 48 | 30 | 35 | 91 | |
Interest | 0 | 0 | 0 | 0 | 7 | 6 | 5 | 8 | 9 |
Depreciation | 97 | 107 | 104 | 113 | 131 | 133 | 129 | 116 | 114 |
Profit before tax | 345 | 379 | 330 | 352 | 386 | 330 | 307 | 413 | 514 |
Tax % | 34% | 26% | 33% | 33% | 17% | 33% | 36% | 24% | |
227 | 282 | 221 | 237 | 319 | 222 | 197 | 313 | 373 | |
EPS in Rs | 4.71 | 5.84 | 4.57 | 4.90 | 6.61 | 4.59 | 4.08 | 6.48 | 7.72 |
Dividend Payout % | 40% | 65% | 74% | 71% | 85% | 98% | 98% | 94% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 8% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 2% |
TTM: | 22% |
Stock Price CAGR | |
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10 Years: | 9% |
5 Years: | 17% |
3 Years: | 28% |
1 Year: | 87% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 15% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 | 1,822 |
0 | 0 | 0 | 0 | 58 | 47 | 47 | 79 | 88 | |
282 | 331 | 296 | 348 | 282 | 363 | 442 | 479 | 535 | |
Total Liabilities | 2,369 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,929 |
1,342 | 1,676 | 1,686 | 1,590 | 1,583 | 1,467 | 1,408 | 1,363 | 1,389 | |
CWIP | 392 | 92 | 32 | 45 | 6 | 53 | 49 | 95 | 58 |
Investments | 174 | 206 | 228 | 259 | 286 | 290 | 294 | 315 | 318 |
462 | 499 | 509 | 651 | 754 | 839 | 981 | 1,096 | 1,164 | |
Total Assets | 2,369 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,929 |
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 | |
---|---|---|---|---|---|---|---|---|
389 | 406 | 315 | 299 | 343 | 388 | 380 | 370 | |
-285 | -245 | -129 | -126 | -85 | -105 | -166 | -82 | |
-0 | -227 | -204 | -198 | -250 | -296 | -220 | -273 | |
Net Cash Flow | 104 | -66 | -18 | -25 | 8 | -13 | -6 | 15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 |
Inventory Days | ||||||||
Days Payable | ||||||||
Cash Conversion Cycle | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 |
Working Capital Days | -93 | -101 | -91 | -69 | -49 | -64 | -73 | -45 |
ROCE % | 18% | 15% | 16% | 17% | 15% | 14% | 20% |
Documents
Announcements
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Compliance Certificate Under Regulation 7(3)
2d - Compliance Certificate by the RTA and the Compliance Officer of the Company under Regulation 7(3) of SEBI LODR attached
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Compliance Certification Under Regulation 40(10)
2d - Compliance Certificate under Regulaiton 40(10) of SEBI LODR issued by the Practiciing Company Secretary attached.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr
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Disclosure Under Reg 30
8 Apr - Operational Data for the quarter and financial year ended 31st March 2024 attached.
- Conclusion Time Of The AGM 8 Apr
Annual reports
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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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Financial Year 2011
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Financial Year 2011
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Concalls
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Feb 2024TranscriptNotesPPT REC
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Nov 2023TranscriptNotesPPT REC
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Aug 2023TranscriptNotesPPT REC
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May 2023TranscriptNotesPPT REC
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Feb 2023TranscriptNotesPPTREC
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Nov 2022TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptPPT
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Nov 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Oct 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Jan 2016TranscriptNotesPPT
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Oct 2015TranscriptNotesPPT
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Jul 2015TranscriptNotesPPT
Strong parent linkages
Gujarat Pipavav leverages the network, culture, and resources of its parent. Maersk Line is one of the largest customers accounting for 23% of the revenues in FY22.
Gujarat Pipavav has benefited due to access to modern technology, and operational know-how, due to its close association with APM Terminals, and its ultimate parent AP Moller Maersk Line which is part of A P Moller Maersk group. [1]