Gujarat State Petronet Ltd

₹ 263 2.55%
May 17 - 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

Gas Transmission Business
The company is the second largest player in terms of gas transmission pipeline network operator in the country with its 2,694 km long pipeline network connecting various cities from Vapi to Jafrabad. GSPL has a well-established network in Gujarat having control over 25 out of 33 districts.[1][2]
During FY20, It commissioned the Pipavav- Gundala pipeline thereby providing natural gas connectivity to Projects at Dahej-SEZ, Gundala, Anjar. [3]

  • Market Cap 14,853 Cr.
  • Current Price 263
  • High / Low 383 / 245
  • Stock P/E 9.03
  • Book Value 140
  • Dividend Yield 0.76 %
  • ROCE 36.4 %
  • ROE 23.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.50%

Cons

* 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: Gas Distribution Industry: Miscellaneous

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
3,021 3,043 3,027 3,152 1,505 2,980 3,283 3,767 3,425 4,085 5,490 4,990
2,149 2,232 2,282 2,366 979 1,862 2,263 2,865 2,324 3,280 4,907 4,000
Operating Profit 872 811 745 786 527 1,118 1,019 902 1,101 805 583 990
OPM % 29% 27% 25% 25% 35% 38% 31% 24% 32% 20% 11% 20%
31 31 23 25 18 37 37 46 45 45 67 11
Interest 102 99 88 80 72 63 52 41 35 27 25 24
Depreciation 127 130 129 133 132 136 137 137 139 143 146 151
Profit before tax 674 613 552 598 341 957 867 770 972 680 479 826
Tax % 35% -52% 26% 17% 27% 25% 25% 25% 25% 25% 27% 23%
Net Profit 332 696 318 383 221 499 470 417 509 398 295 436
EPS in Rs 5.88 12.34 5.64 6.79 3.92 8.84 8.34 7.39 9.03 7.06 5.22 7.72

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1,047 1,123 1,173 1,051 1,065 992 5,901 7,261 9,345 12,244 11,535 17,991
77 90 101 122 136 126 4,260 5,217 6,805 9,027 7,961 14,491
Operating Profit 969 1,034 1,072 929 928 866 1,642 2,044 2,540 3,217 3,574 3,500
OPM % 93% 92% 91% 88% 87% 87% 28% 28% 27% 26% 31% 19%
43 45 66 57 42 94 118 122 135 108 130 148
Interest 99 130 126 142 118 80 278 242 427 369 227 112
Depreciation 153 182 186 184 189 183 436 447 468 518 542 579
Profit before tax 760 766 826 660 664 697 1,046 1,477 1,780 2,438 2,936 2,957
Tax % 34% 32% 35% 36% 38% 33% 31% 35% 33% 7% 25% 25%
Net Profit 578 545 538 416 486 465 554 741 999 1,729 1,607 1,638
EPS in Rs 10.27 9.68 9.56 7.39 8.64 8.26 9.84 13.15 17.71 30.65 28.48 29.04
Dividend Payout % 10% 10% 10% 14% 14% 18% 15% 13% 11% 7% 7% 7%
Compounded Sales Growth
10 Years: 32%
5 Years: 25%
3 Years: 24%
TTM: 56%
Compounded Profit Growth
10 Years: 12%
5 Years: 24%
3 Years: 18%
TTM: 2%
Stock Price CAGR
10 Years: 15%
5 Years: 9%
3 Years: 13%
1 Year: -4%
Return on Equity
10 Years: 22%
5 Years: 29%
3 Years: 30%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
563 563 563 563 563 563 564 564 564 564 564 564
Reserves 1,515 1,998 2,472 2,823 3,217 3,423 3,962 1,865 2,731 4,320 5,827 7,355
Borrowings 1,478 1,396 1,610 1,429 1,157 1,067 2,989 5,386 4,579 3,629 1,923 713
629 616 765 811 931 785 4,293 4,148 4,587 4,837 5,855 6,662
Total Liabilities 4,186 4,573 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 14,169 15,294
3,182 3,140 3,254 3,205 3,169 3,123 8,069 8,208 8,897 9,256 9,497 9,973
CWIP 334 443 614 804 949 768 1,192 1,374 908 807 953 1,219
Investments 148 171 197 543 633 723 469 590 696 1,023 1,457 1,670
522 820 1,345 1,073 1,117 1,224 2,079 1,790 1,960 2,264 2,262 2,433
Total Assets 4,186 4,573 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 14,169 15,294

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
598 795 692 644 626 603 1,644 1,669 2,044 2,771 2,897 2,746
-562 -392 -367 -708 -201 -321 -835 -3,593 -612 -806 -1,080 -1,357
30 -303 51 -338 -438 -297 -879 2,013 -1,382 -1,494 -2,096 -1,659
Net Cash Flow 65 99 376 -402 -13 -15 -70 89 50 471 -279 -271

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 24 26 79 86 52 56 28 25 27 20 29 21
Inventory Days 7
Days Payable 14
Cash Conversion Cycle 24 26 79 86 52 56 28 25 27 20 29 14
Working Capital Days -59 -29 19 45 9 45 -49 -42 -28 -24 -28 -23
ROCE % 24% 22% 17% 16% 16% 21% 22% 28% 34% 38% 36%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
37.64 37.64 37.64 37.64 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63
15.42 15.52 15.87 15.75 15.54 15.58 15.94 17.16 17.46 17.47 16.61 16.21
22.81 22.94 22.89 22.89 22.66 19.96 20.01 19.05 19.05 20.03 21.61 22.25
10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98
13.15 12.92 12.62 12.74 13.19 15.85 15.44 15.18 14.88 13.89 13.17 12.93

Documents