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 13,837 Cr.
  • Current Price 245
  • High / Low 311 / 177
  • Stock P/E 8.80
  • Book Value 97.3
  • Dividend Yield 0.82 %
  • ROCE 34.2 %
  • ROE 42.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 28.46% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.36%

Cons

  • Contingent liabilities of Rs.5164.80 Cr.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,091 2,500 2,456 2,297 3,021 3,043 3,027 3,152 1,505 2,980 3,283
1,495 1,820 1,779 1,713 2,149 2,232 2,282 2,366 979 1,862 2,263
Operating Profit 596 680 677 584 872 811 745 786 527 1,118 1,019
OPM % 28% 27% 28% 25% 29% 27% 25% 25% 35% 38% 31%
Other Income 71 35 6 27 31 31 23 25 18 37 37
Interest 109 108 106 103 102 99 88 80 72 63 52
Depreciation 115 116 117 120 127 130 129 133 132 136 137
Profit before tax 442 491 460 388 674 613 552 598 341 957 867
Tax % 38% 31% 32% 31% 35% -52% 26% 17% 27% 25% 25%
Net Profit 216 322 247 213 332 696 318 383 221 499 470
EPS in Rs 3.83 5.71 4.39 3.77 5.88 12.34 5.64 6.79 3.92 8.84 8.34

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 TTM
1,047 1,123 1,173 1,051 1,065 992 5,901 7,261 9,345 12,244 10,920
77 90 101 122 136 126 4,260 5,217 6,805 9,027 7,470
Operating Profit 969 1,034 1,072 929 928 866 1,642 2,044 2,540 3,217 3,450
OPM % 93% 92% 91% 88% 87% 87% 28% 28% 27% 26% 32%
Other Income 43 45 66 57 42 94 118 122 135 108 117
Interest 99 130 126 142 118 80 278 242 427 369 266
Depreciation 153 182 186 184 189 183 436 447 468 518 537
Profit before tax 760 766 826 660 664 697 1,046 1,477 1,780 2,438 2,764
Tax % 34% 32% 35% 36% 38% 33% 31% 35% 33% 7%
Net Profit 578 545 538 416 486 465 554 741 999 1,729 1,573
EPS in Rs 10.27 9.68 9.56 7.39 8.64 8.26 9.84 13.15 17.71 30.65 27.89
Dividend Payout % 10% 10% 10% 14% 14% 18% 15% 13% 11% 7%
Compounded Sales Growth
10 Years:%
5 Years:63%
3 Years:28%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:28%
3 Years:46%
TTM:1%
Stock Price CAGR
10 Years:9%
5 Years:11%
3 Years:9%
1 Year:30%
Return on Equity
10 Years:%
5 Years:24%
3 Years:33%
Last Year:42%

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 Sep 2020
563 563 563 563 563 563 564 564 564 564 564
Reserves 1,515 1,998 2,472 2,823 3,217 3,423 3,962 1,865 2,731 4,320 4,926
Borrowings 1,478 1,396 1,610 1,429 1,157 1,067 2,989 5,386 4,579 3,629 2,038
629 616 765 811 931 785 4,293 4,148 4,587 4,837 6,309
Total Liabilities 4,186 4,573 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 13,837
3,182 3,140 3,254 3,205 3,169 3,123 8,069 8,208 8,897 9,256 9,224
CWIP 334 443 614 804 949 768 1,192 1,374 908 807 888
Investments 148 171 197 543 633 723 469 590 696 1,023 1,209
522 820 1,345 1,073 1,117 1,224 2,079 1,790 1,960 2,264 2,516
Total Assets 4,186 4,573 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 13,837

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
598 795 692 644 626 603 1,644 1,669 2,044 2,771
-562 -392 -367 -708 -201 -321 -835 -3,593 -612 -806
30 -303 51 -338 -438 -297 -879 2,013 -1,382 -1,494
Net Cash Flow 65 99 376 -402 -13 -15 -70 89 50 471

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
ROCE % 24% 22% 17% 16% 16% 21% 22% 28% 34%
Debtor Days 24 26 79 86 52 56 28 25 27 20
Inventory Turnover 0.06 0.06 0.07 0.07 0.07 0.49 0.47 0.39 0.66

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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