Gujarat State Petronet Ltd

About [ edit ]

Gujarat State Petronet is primarily engaged in transmission of natural gas through pipeline on an open access basis from supply points to demand centers. Further, it is also engaged in generation of electricity through Windmills.

  • Market Cap 15,104 Cr.
  • Current Price 268
  • High / Low 311 / 177
  • Stock P/E 16.0
  • Book Value 125
  • Dividend Yield 0.75 %
  • ROCE 17.5 %
  • ROE 17.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 21.53% CAGR over last 5 years
  • Debtor days have improved from 33.18 to 25.22 days.

Cons

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
350 391 598 454 434 512 635 626 595 464 577 580
61 47 82 101 105 110 198 246 239 118 196 182
Operating Profit 289 344 516 353 329 402 437 380 356 346 381 398
OPM % 83% 88% 86% 78% 76% 78% 69% 61% 60% 75% 66% 69%
Other Income 17 5 38 8 8 8 45 5 7 4 52 7
Interest 10 58 56 55 50 48 44 38 35 29 25 22
Depreciation 44 45 44 44 48 49 50 50 48 49 55 51
Profit before tax 252 247 455 262 239 313 389 297 280 273 352 333
Tax % 38% 41% 29% 34% 36% 34% -17% 25% 19% 27% 23% 26%
Net Profit 157 144 323 174 153 206 455 222 226 199 271 248
EPS in Rs 2.79 2.56 5.73 3.08 2.72 3.65 8.06 3.94 4.00 3.53 4.81 4.39

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
488 992 1,047 1,123 1,173 1,051 1,065 992 1,028 1,332 1,877 2,369 2,216
63 62 77 90 101 122 136 126 139 184 334 794 735
Operating Profit 425 930 969 1,034 1,072 929 928 866 888 1,148 1,543 1,575 1,481
OPM % 87% 94% 93% 92% 91% 88% 87% 87% 86% 86% 82% 66% 67%
Other Income 24 27 22 47 66 55 39 66 88 73 59 65 70
Interest 87 94 99 130 126 142 118 80 60 35 219 165 110
Depreciation 170 236 130 182 186 184 189 183 179 175 180 197 204
Profit before tax 191 627 762 769 826 658 660 669 738 1,011 1,203 1,279 1,237
Tax % 36% 34% 34% 32% 35% 36% 38% 33% 33% 34% 34% 13%
Net Profit 123 414 506 522 538 419 410 445 497 668 795 1,109 944
EPS in Rs 2.20 7.36 9.00 9.28 9.56 7.45 7.29 7.91 8.81 11.86 14.09 19.65 16.73
Dividend Payout % 34% 14% 11% 11% 10% 13% 16% 19% 17% 15% 14% 10%
Compounded Sales Growth
10 Years:9%
5 Years:17%
3 Years:32%
TTM:0%
Compounded Profit Growth
10 Years:10%
5 Years:22%
3 Years:31%
TTM:-9%
Stock Price CAGR
10 Years:10%
5 Years:14%
3 Years:14%
1 Year:45%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:16%
Last Year:18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
562 562 563 563 563 563 563 563 564 564 564 564 564
Reserves 653 1,001 1,444 1,904 2,378 2,732 3,060 3,506 3,932 4,501 5,180 6,158 6,516
Borrowings 1,151 1,260 1,478 1,396 1,610 1,429 1,157 1,067 631 3,058 2,366 1,630 638
648 974 629 606 703 679 760 710 707 826 840 750 1,693
Total Liabilities 3,014 3,797 4,114 4,469 5,253 5,403 5,540 5,846 5,833 8,949 8,950 9,103 9,411
1,769 2,437 3,182 3,140 3,252 3,159 3,065 3,123 3,166 3,114 3,608 3,586 3,607
CWIP 645 649 334 418 526 656 776 768 686 896 419 237 253
Investments 36 67 77 116 174 585 649 731 766 4,181 4,277 4,611 4,793
565 645 522 794 1,302 1,002 1,050 1,224 1,216 757 646 669 759
Total Assets 3,014 3,797 4,114 4,469 5,253 5,403 5,540 5,846 5,833 8,949 8,950 9,103 9,411

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
204 886 598 794 693 645 627 603 944 894 1,088 1,360
-428 -762 -562 -418 -328 -646 -152 -321 -368 -3,174 -8 -310
65 -48 30 -303 -1 -407 -474 -297 -637 2,286 -1,033 -1,030
Net Cash Flow -159 77 65 73 364 -408 1 -15 -61 7 48 20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 28% 27% 25% 23% 17% 17% 15% 16% 16% 18% 18%
Debtor Days 41 28 24 26 79 86 52 56 42 34 40 25
Inventory Turnover 0.03 0.05 0.07 0.06 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.08

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
37.65 37.65 37.65 37.64 37.64 37.64 37.64 37.64 37.63 37.63 37.63 37.63
16.23 16.31 17.05 16.52 15.42 15.52 15.87 15.75 15.54 15.58 15.94 17.16
20.67 20.82 20.41 20.97 22.81 22.94 22.89 22.89 22.66 19.96 20.01 19.05
10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98
14.47 14.23 13.92 13.88 13.15 12.92 12.62 12.74 13.19 15.85 15.44 15.18

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