Gujarat State Petronet Ltd
₹ 295
-1.11%
27 Jan
- close price
About
Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.
Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills. [1]
Key Points
- Market Cap ₹ 16,641 Cr.
- Current Price ₹ 295
- High / Low ₹ 361 / 261
- Stock P/E 15.8
- Book Value ₹ 212
- Dividend Yield 1.70 %
- ROCE 15.2 %
- ROE 9.89 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.9%
Cons
- The company has delivered a poor sales growth of 7.25% 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,051 | 1,065 | 992 | 5,901 | 7,261 | 9,345 | 12,244 | 11,535 | 17,991 | 18,117 | 17,295 | 17,370 | 16,290 | |
| 122 | 136 | 126 | 4,260 | 5,217 | 6,805 | 9,027 | 7,961 | 14,491 | 14,437 | 13,887 | 14,720 | 13,784 | |
| Operating Profit | 929 | 928 | 866 | 1,642 | 2,044 | 2,540 | 3,217 | 3,574 | 3,500 | 3,680 | 3,407 | 2,650 | 2,506 |
| OPM % | 88% | 87% | 87% | 28% | 28% | 27% | 26% | 31% | 19% | 20% | 20% | 15% | 15% |
| 57 | 42 | 94 | 118 | 122 | 135 | 108 | 130 | 148 | 136 | 248 | 350 | 419 | |
| Interest | 142 | 118 | 80 | 278 | 242 | 427 | 369 | 227 | 112 | 70 | 56 | 57 | 37 |
| Depreciation | 184 | 189 | 183 | 436 | 447 | 468 | 518 | 542 | 579 | 621 | 664 | 709 | 740 |
| Profit before tax | 660 | 664 | 697 | 1,046 | 1,477 | 1,780 | 2,438 | 2,936 | 2,957 | 3,125 | 2,935 | 2,234 | 2,149 |
| Tax % | 36% | 38% | 33% | 31% | 35% | 33% | 7% | 25% | 25% | 25% | 26% | 27% | |
| 417 | 488 | 465 | 718 | 958 | 1,190 | 2,279 | 2,192 | 2,231 | 2,342 | 2,184 | 1,637 | 1,585 | |
| EPS in Rs | 7.39 | 8.64 | 8.26 | 9.84 | 13.15 | 17.71 | 30.65 | 28.48 | 29.04 | 29.09 | 29.41 | 19.69 | 18.65 |
| Dividend Payout % | 14% | 14% | 18% | 15% | 13% | 11% | 7% | 7% | 7% | 17% | 17% | 25% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 7% |
| 3 Years: | -1% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -8% |
| 3 Years: | -12% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 4% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 18% |
| 3 Years: | 15% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 563 | 563 | 563 | 564 | 564 | 564 | 564 | 564 | 564 | 564 | 564 | 564 | 564 |
| Reserves | 2,823 | 3,217 | 3,423 | 3,962 | 1,865 | 2,731 | 4,320 | 5,827 | 7,355 | 8,885 | 10,261 | 11,082 | 11,377 |
| 1,429 | 1,157 | 1,067 | 2,989 | 5,386 | 4,579 | 3,629 | 2,003 | 713 | 149 | 140 | 138 | 140 | |
| 811 | 931 | 785 | 4,293 | 4,148 | 4,587 | 4,837 | 5,775 | 6,662 | 7,718 | 8,091 | 9,023 | 9,843 | |
| Total Liabilities | 5,625 | 5,868 | 5,838 | 11,808 | 11,963 | 12,461 | 13,350 | 14,169 | 15,294 | 17,316 | 19,056 | 20,807 | 21,923 |
| 3,205 | 3,169 | 3,123 | 8,069 | 8,208 | 8,897 | 9,256 | 9,497 | 9,946 | 10,481 | 10,779 | 11,695 | 11,636 | |
| CWIP | 804 | 949 | 768 | 1,192 | 1,374 | 908 | 807 | 953 | 1,245 | 1,409 | 1,680 | 1,121 | 1,134 |
| Investments | 543 | 633 | 723 | 469 | 590 | 696 | 1,023 | 1,457 | 1,670 | 1,621 | 1,889 | 1,792 | 1,772 |
| 1,073 | 1,117 | 1,224 | 2,079 | 1,790 | 1,960 | 2,264 | 2,262 | 2,433 | 3,805 | 4,708 | 6,198 | 7,381 | |
| Total Assets | 5,625 | 5,868 | 5,838 | 11,808 | 11,963 | 12,461 | 13,350 | 14,169 | 15,294 | 17,316 | 19,056 | 20,807 | 21,923 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 644 | 626 | 603 | 1,644 | 1,669 | 2,044 | 2,771 | 2,897 | 2,748 | 3,340 | 2,803 | 2,741 | |
| -708 | -201 | -321 | -835 | -3,593 | -612 | -806 | -1,080 | -1,359 | -1,815 | -2,142 | -2,754 | |
| -338 | -438 | -297 | -879 | 2,013 | -1,382 | -1,494 | -2,096 | -1,659 | -805 | -547 | -544 | |
| Net Cash Flow | -402 | -13 | -15 | -70 | 89 | 50 | 471 | -279 | -271 | 720 | 114 | -556 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 52 | 56 | 28 | 25 | 27 | 20 | 30 | 21 | 23 | 24 | 24 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 86 | 52 | 56 | 28 | 25 | 27 | 20 | 30 | 21 | 23 | 24 | 24 |
| Working Capital Days | -91 | -84 | -57 | -61 | -113 | -75 | -61 | -55 | -23 | -25 | -9 | -5 |
| ROCE % | 17% | 16% | 15% | 19% | 20% | 25% | 30% | 31% | 28% | 27% | 21% | 15% |
Documents
Announcements
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Submission Of Revised Composite Scheme Of Amalgamation And Arrangement Pursuant To The Directions Issued By Hon''ble MCA
23 Jan - MCA-directed technical revisions to amalgamation/demerger scheme; Clauses 60/63 revised; documents uploaded; dated 23 Jan 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Jan - GSPL informs the Exchange regarding Copy of Newspaper Publication regarding Un-audited Financial Results for the Quarter and Nine months ended on 31st December, 2025
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Presentation On Performance Highlights
22 Jan - Presentation of unaudited standalone and consolidated Q3 FY2025-26 results for quarter ended 31 Dec 2025.
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Submission Of Un-Audited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended On 31.12.2025
22 Jan - Approved unaudited results for quarter/nine months ended 31 Dec 2025; standalone PAT Rs11,426.78L, consolidated PAT Rs37,904.90L (limited review).
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Board Meeting Outcome for Submission Of Un-Audited (Standalone & Consolidated) Financial Results For The Quarter And Nine Months Ended 31.12.2025.
22 Jan - Approved Q3/9M FY26 results; consolidated 9M PAT Rs 1,23,292.48 lakh, Q3 PAT Rs 37,904.90 lakh.
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
Concalls
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Aug 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
Gas Transmission Business
The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources. GSPL commenced its operations with the transmission of natural gas being provided by GSPC. Over a while, GSPL has invested significantly in developing its natural gas pipeline network, which is now connected to major natural gas supply sources in Gujarat, including designated collection points near the various natural gas fields in Hazira, regassified liquified natural gas (RLNG) from Shell’s terminal at Hazira, Petronet LNG Limited’s terminal at Dahej, GSPC LNG Limited’s (GLL) terminal at Mundra along with Swan LNG floating storage regasification unit (FSRU) (Phase-1) and Chhara LNG terminal. It owns and operates around 2,704 km of natural gas transmission pipeline in the state of Gujarat as of Q1FY24. GSPL also sells electricity generated through its 52.50-MW windmills.