Gujarat State Petronet Ltd

Guj.St.Petronet Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat State Petronet Ltd

₹ 303 2.00%
30 May - close price
gspcgroup.com BSE: 532702 NSE : GSPL
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]

Website BSE NSE
  • Market Cap ₹ 17,115 Cr.
  • Current Price ₹ 303
  • High / Low ₹ 304 / 209
  • Stock P/E 10.4
  • Book Value ₹ 167
  • Dividend Yield 0.66 %
  • ROCE 35.0 %
  • ROE 18.9 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22.8%

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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
3,152 1,505 2,980 3,283 3,767 3,425 4,085 5,490 4,990 5,536 4,312 3,998 4,270
2,366 979 1,862 2,263 2,865 2,324 3,280 4,907 4,000 4,563 3,329 3,149 3,425
Operating Profit 786 527 1,118 1,019 902 1,101 805 583 990 974 983 849 845
OPM % 25% 35% 38% 31% 24% 32% 20% 11% 20% 18% 23% 21% 20%
25 18 37 37 46 45 45 67 11 54 24 42 45
Interest 80 72 63 52 41 35 27 25 24 21 20 15 13
Depreciation 133 132 136 137 137 139 143 146 151 151 155 158 157
Profit before tax 598 341 957 867 770 972 680 479 826 855 833 718 719
Tax % 17% 27% 25% 25% 25% 25% 25% 27% 23% 24% 25% 26% 24%
Net Profit 498 248 716 650 578 728 513 351 639 648 621 530 543
EPS in Rs 6.79 3.92 8.84 8.34 7.39 9.03 7.06 5.22 7.72 8.39 7.73 6.37 6.61
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,123 1,173 1,051 1,065 992 5,901 7,261 9,345 12,244 11,535 17,991 18,117
90 101 122 136 126 4,260 5,217 6,805 9,027 7,961 14,491 14,437
Operating Profit 1,034 1,072 929 928 866 1,642 2,044 2,540 3,217 3,574 3,500 3,680
OPM % 92% 91% 88% 87% 87% 28% 28% 27% 26% 31% 19% 20%
45 66 57 42 94 118 122 135 108 130 148 136
Interest 130 126 142 118 80 278 242 427 369 227 112 70
Depreciation 182 186 184 189 183 436 447 468 518 542 579 621
Profit before tax 766 826 660 664 697 1,046 1,477 1,780 2,438 2,936 2,957 3,125
Tax % 32% 35% 36% 38% 33% 31% 35% 33% 7% 25% 25% 25%
Net Profit 545 538 417 488 465 718 958 1,190 2,279 2,192 2,231 2,342
EPS in Rs 9.68 9.56 7.39 8.64 8.26 9.84 13.15 17.71 30.65 28.48 29.04 29.09
Dividend Payout % 10% 10% 14% 14% 18% 15% 13% 11% 7% 7% 7% 17%
Compounded Sales Growth
10 Years: 31%
5 Years: 20%
3 Years: 14%
TTM: 1%
Compounded Profit Growth
10 Years: 12%
5 Years: 17%
3 Years: -2%
TTM: 0%
Stock Price CAGR
10 Years: 18%
5 Years: 11%
3 Years: 15%
1 Year: 19%
Return on Equity
10 Years: 22%
5 Years: 27%
3 Years: 23%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
563 563 563 563 563 564 564 564 564 564 564 564
Reserves 1,998 2,472 2,823 3,217 3,423 3,962 1,865 2,731 4,320 5,827 7,355 8,885
1,396 1,610 1,429 1,157 1,067 2,989 5,386 4,579 3,629 2,003 713 149
616 765 811 931 785 4,293 4,148 4,587 4,837 5,775 6,662 7,718
Total Liabilities 4,573 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 14,169 15,294 17,316
3,140 3,254 3,205 3,169 3,123 8,069 8,208 8,897 9,256 9,497 9,946 10,507
CWIP 443 614 804 949 768 1,192 1,374 908 807 953 1,245 1,382
Investments 171 197 543 633 723 469 590 696 1,023 1,457 1,670 1,621
820 1,345 1,073 1,117 1,224 2,079 1,790 1,960 2,264 2,262 2,433 3,805
Total Assets 4,573 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 14,169 15,294 17,316

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
795 692 644 626 603 1,644 1,669 2,044 2,771 2,897 2,746 3,340
-392 -367 -708 -201 -321 -835 -3,593 -612 -806 -1,080 -1,357 -1,815
-303 51 -338 -438 -297 -879 2,013 -1,382 -1,494 -2,096 -1,659 -805
Net Cash Flow 99 376 -402 -13 -15 -70 89 50 471 -279 -271 720

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 26 79 86 52 56 28 25 27 20 30 21 23
Inventory Days 8
Days Payable 21
Cash Conversion Cycle 26 79 86 52 56 28 25 27 20 30 21 10
Working Capital Days -127 -65 -91 -84 -57 -60 -113 -75 -61 -28 -19 -25
ROCE % 24% 22% 17% 16% 16% 21% 22% 28% 34% 37% 36% 35%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63
15.54 15.58 15.94 17.16 17.46 17.47 16.61 16.21 16.54 17.31 17.28 16.72
22.66 19.96 20.01 19.05 19.05 20.03 21.61 22.25 21.78 24.19 24.27 24.88
10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 10.98 2.01 2.01 2.01
13.19 15.85 15.44 15.18 14.88 13.89 13.17 12.93 13.07 18.85 18.82 18.75

* 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.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • May 2023
    Transcript
    Notes
    PPT
  • Nov 2019
    Transcript
    Notes
    PPT
  • Aug 2019
    Transcript
    Notes
    PPT
  • May 2019
    Transcript
    Notes
    PPT