Gujarat Industries Power Co Ltd

Gujarat Industries Power Co Ltd

₹ 240 1.54%
22 Jul 3:31 p.m.
About

Incorporated in 1985, Gujarat Industries is a Public Limited company of the Government of Gujarat.
The company is engaged in the business of Electrical Power Generation with a present installed generation capacity of 1184.40MW. The Company has a diversified portfolio of Thermal (Gas and Lignite), Wind, and Solar Power Plant Assets in the State of Gujarat.[1]

Key Points

Projects[1]
1. Thermal
Gas - 2 projects in Vadodara with total 310 MW capacity.
** Lignite** - 2 projects in Nani Naroli with total 500 MW capacity.

  • Market Cap 3,628 Cr.
  • Current Price 240
  • High / Low 270 / 110
  • Stock P/E 18.3
  • Book Value 219
  • Dividend Yield 1.55 %
  • ROCE 7.66 %
  • ROE 6.15 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.09 times its book value
  • Company has been maintaining a healthy dividend payout of 27.4%

Cons

  • The company has delivered a poor sales growth of -0.85% over past five years.
  • Company has a low return on equity of 6.02% over last 3 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
332 296 322 262 293 303 252 376 424 342 280 354 373
233 212 203 174 177 178 177 294 299 236 218 259 254
Operating Profit 99 84 119 88 116 125 76 82 125 106 62 95 119
OPM % 30% 28% 37% 33% 40% 41% 30% 22% 29% 31% 22% 27% 32%
8 4 5 5 7 6 14 19 9 18 26 16 17
Interest 7 7 7 7 7 9 9 10 10 9 10 9 9
Depreciation 35 33 37 41 40 41 41 42 41 42 42 42 42
Profit before tax 65 48 79 44 76 81 39 49 84 73 36 59 85
Tax % 32% 27% 32% 37% 28% 23% 32% 31% 22% 21% 21% 21% 22%
44 35 53 28 55 63 27 34 65 57 28 47 66
EPS in Rs 2.92 2.34 3.53 1.85 3.61 4.16 1.76 2.25 4.30 3.79 1.87 3.08 4.38
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,416 1,377 1,215 1,352 1,311 1,354 1,407 1,379 1,335 1,172 1,356 1,349
874 906 793 946 878 871 859 874 911 767 948 967
Operating Profit 542 470 422 407 432 483 548 505 424 406 408 381
OPM % 38% 34% 35% 30% 33% 36% 39% 37% 32% 35% 30% 28%
74 31 25 36 69 51 -101 42 30 21 48 76
Interest 105 88 78 76 73 57 50 51 31 29 38 37
Depreciation 158 156 120 118 127 160 168 191 155 151 165 168
Profit before tax 354 257 248 250 301 317 228 305 268 247 253 253
Tax % 38% 28% 49% 25% 24% 23% 23% 19% 33% 31% 26% 21%
219 186 126 188 229 244 176 248 180 171 189 199
EPS in Rs 14.47 12.29 8.35 12.45 15.16 16.17 11.66 16.40 11.89 11.33 12.48 13.12
Dividend Payout % 17% 20% 30% 22% 18% 17% 25% 18% 23% 22% 30% 30%
Compounded Sales Growth
10 Years: 0%
5 Years: -1%
3 Years: 0%
TTM: -1%
Compounded Profit Growth
10 Years: 1%
5 Years: -8%
3 Years: 3%
TTM: 5%
Stock Price CAGR
10 Years: 10%
5 Years: 28%
3 Years: 34%
1 Year: 117%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 151 151 151 151 151 151 151 151 151 151 151 151
Reserves 1,463 1,605 1,685 1,882 2,085 2,308 2,419 2,597 2,704 2,893 3,003 3,154
855 716 606 475 417 617 573 447 480 529 493 614
478 521 559 639 761 710 688 734 794 830 839 1,298
Total Liabilities 2,947 2,992 3,002 3,148 3,414 3,786 3,831 3,930 4,129 4,403 4,487 5,218
2,133 1,991 1,890 1,859 2,522 2,680 2,632 2,883 2,628 3,056 2,951 2,981
CWIP 83 87 41 153 24 6 167 5 292 41 75 437
Investments 69 160 207 250 281 328 90 60 88 148 106 124
661 754 863 885 587 772 942 982 1,121 1,158 1,355 1,678
Total Assets 2,947 2,992 3,002 3,148 3,414 3,786 3,831 3,930 4,129 4,403 4,487 5,218

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
408 398 405 232 433 337 590 445 193 362 410 562
55 -86 -124 -178 -459 -389 -239 -113 -231 -340 -128 -217
-237 -272 -230 -228 -161 103 -142 -222 -47 -25 -110 -190
Net Cash Flow 225 40 50 -174 -187 51 209 109 -85 -2 172 155

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 59 39 72 69 70 56 51 81 101 83 76
Inventory Days 132
Days Payable 51
Cash Conversion Cycle 44 59 39 72 69 70 56 51 81 101 83 157
Working Capital Days -25 -16 -19 19 -12 17 7 39 87 116 112 86
ROCE % 16% 14% 14% 13% 15% 13% 16% 11% 9% 8% 8% 8%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
55.69% 55.69% 55.69% 55.69% 55.69% 55.69% 55.69% 55.69% 55.69% 55.43% 55.43% 55.43%
1.61% 1.67% 1.64% 2.10% 2.76% 2.91% 2.90% 4.42% 3.88% 3.86% 4.97% 4.67%
8.11% 7.33% 7.22% 8.50% 8.48% 6.81% 6.15% 5.99% 5.99% 5.96% 5.91% 5.86%
7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64%
26.94% 27.67% 27.81% 26.07% 25.42% 26.94% 27.62% 26.26% 26.80% 27.12% 26.07% 26.40%
No. of Shareholders 79,91078,01578,44675,88773,44072,83272,25267,85874,80282,41299,34697,729

* 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.

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