Gujarat Pipavav Port Ltd
Gujarat Pipavav Port is India's first private sector port located on the south west coast of Gujarat near Bhavnagar. The port is strategically placed to on International Maritime Trade route which connects India with US, Europe, Africa, Middle East on one side and Far east on the other side.
- Market Cap ₹ 11,047 Cr.
- Current Price ₹ 229
- High / Low ₹ 238 / 116
- Stock P/E 28.2
- Book Value ₹ 43.3
- Dividend Yield 3.19 %
- ROCE 24.8 %
- ROE 18.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 83.9%
- Debtor days have improved from 27.0 to 21.3 days.
Cons
- The company has delivered a poor sales growth of 7.08% 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.
Peer comparison
Sector: Marine Port & Services Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
416 | 518 | 867 | 660 | 683 | 649 | 702 | 735 | 733 | 741 | 917 | 988 | |
234 | 261 | 365 | 278 | 262 | 275 | 313 | 289 | 311 | 331 | 414 | 415 | |
Operating Profit | 182 | 257 | 502 | 382 | 421 | 374 | 389 | 447 | 422 | 411 | 503 | 573 |
OPM % | 44% | 50% | 58% | 58% | 62% | 58% | 55% | 61% | 58% | 55% | 55% | 58% |
15 | 33 | -5 | 24 | 33 | 37 | 45 | 51 | 44 | 26 | 13 | 26 | |
Interest | 68 | 37 | 26 | 0 | 0 | 0 | 0 | 7 | 6 | 5 | 8 | 9 |
Depreciation | 55 | 61 | 83 | 97 | 107 | 104 | 113 | 131 | 133 | 129 | 116 | 116 |
Profit before tax | 74 | 192 | 387 | 309 | 347 | 307 | 321 | 359 | 327 | 302 | 392 | 474 |
Tax % | 0% | 0% | 0% | 38% | 28% | 35% | 36% | 18% | 33% | 36% | 26% | 25% |
74 | 192 | 387 | 191 | 250 | 198 | 206 | 292 | 218 | 193 | 292 | 354 | |
EPS in Rs | 1.53 | 3.97 | 8.01 | 3.95 | 5.17 | 4.11 | 4.25 | 6.05 | 4.52 | 4.00 | 6.04 | 7.32 |
Dividend Payout % | 0% | 0% | 0% | 48% | 74% | 83% | 82% | 93% | 100% | 100% | 101% | 51% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 10% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 14% |
3 Years: | 22% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 22% |
3 Years: | 28% |
1 Year: | 92% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 15% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 |
Reserves | 728 | 920 | 1,307 | 1,513 | 1,536 | 1,531 | 1,538 | 1,601 | 1,549 | 1,549 | 1,595 | 1,609 |
321 | 304 | 0 | 0 | 0 | 0 | 0 | 58 | 47 | 47 | 79 | 79 | |
131 | 159 | 200 | 282 | 331 | 296 | 348 | 282 | 363 | 442 | 479 | 526 | |
Total Liabilities | 1,663 | 1,867 | 1,991 | 2,279 | 2,351 | 2,310 | 2,369 | 2,426 | 2,442 | 2,522 | 2,637 | 2,698 |
1,246 | 1,358 | 1,339 | 1,342 | 1,676 | 1,686 | 1,590 | 1,583 | 1,467 | 1,408 | 1,363 | 1,358 | |
CWIP | 158 | 106 | 65 | 392 | 92 | 32 | 45 | 6 | 53 | 49 | 95 | 80 |
Investments | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 |
177 | 320 | 503 | 462 | 499 | 509 | 651 | 754 | 839 | 982 | 1,096 | 1,177 | |
Total Assets | 1,663 | 1,867 | 1,991 | 2,279 | 2,351 | 2,310 | 2,369 | 2,426 | 2,442 | 2,522 | 2,637 | 2,698 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
262 | 290 | 444 | 389 | 402 | 315 | 296 | 340 | 384 | 380 | 370 | 485 | |
-163 | -176 | -207 | -285 | -241 | -129 | -122 | -81 | -101 | -166 | -82 | -107 | |
-89 | -54 | -332 | -0 | -227 | -204 | -198 | -250 | -296 | -220 | -273 | -370 | |
Net Cash Flow | 11 | 60 | -95 | 104 | -66 | -18 | -25 | 8 | -13 | -6 | 15 | 8 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 34 | 24 | 15 | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 34 | 24 | 15 | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 |
Working Capital Days | -43 | -60 | -31 | -93 | -101 | -91 | -69 | -49 | -64 | -73 | -45 | -97 |
ROCE % | 10% | 13% | 26% | 17% | 17% | 15% | 16% | 18% | 16% | 15% | 21% |
Documents
Announcements
-
Operational Data For Quarter Ended June 2024
16h - Operational Data providing details of cargo volume handled during the quarter ended 30th June 2024 attached
- Closure of Trading Window 27 Jun
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
24 May - Secretarial Complaince Report for the financial year ended 31st March 2024 attached
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 May
-
Announcement under Regulation 30 (LODR)-Resignation of Chairman
22 May - Regarding Resignation by Chairman an Independent Director attached
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
Concalls
-
May 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT REC
-
Nov 2023TranscriptNotesPPT REC
-
Aug 2023TranscriptNotesPPT REC
-
May 2023TranscriptNotesPPT REC
-
Feb 2023TranscriptNotesPPTREC
-
Nov 2022TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022Transcript PPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Aug 2021TranscriptPPT
-
May 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Jun 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Oct 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Jan 2019TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Jan 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Nov 2016TranscriptNotesPPT
-
Aug 2016TranscriptNotesPPT
-
May 2016TranscriptNotesPPT
-
Jan 2016TranscriptNotesPPT
-
Oct 2015TranscriptNotesPPT
-
Jul 2015TranscriptNotesPPT
Strong parent linkages
Gujarat Pipavav leverages the network, culture, and resources of its parent. Maersk Line is one of the largest customers accounting for 23% of the revenues in FY22.
Gujarat Pipavav has benefited due to access to modern technology, and operational know-how, due to its close association with APM Terminals, and its ultimate parent AP Moller Maersk Line which is part of A P Moller Maersk group. [1]