Gujarat State Petronet Ltd
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]
- 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
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Secretarial Compliance Report for the Year ended 31st March, 2023
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Disclosure Of Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
12 May - The Board of the Company in its Meeting held on 11th May, 2023, approved modification in the Dividend Distribution Policy of the Company. The same …
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Announcement under Regulation 30 (LODR)-Investor Presentation
11 May - Presentation on the Performance Highlights of the Audited Financial Results (Standalone & Consolidated) of the Company for the Quarter/Year ended 31st March, 2023 approved by …
- Board Meeting Outcome for Outcome Of The Board Meeting - Regulation 30 Of The SEBI (LODR) Regulations, 2015 11 May
- Outcome Of The Board Meeting - Regulation 30 Of The SEBI (LODR) Regulations, 2015 And Declaration Regarding Unmodified Audit Reports In Respect Of Standalone And Consolidated Financial Statements For The Year Ended 31St March, 2023. 11 May
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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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]