Gujarat Industries Power Co Ltd

Gujarat Industries Power Co Ltd

₹ 184 -2.00%
21 Nov - close price
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 2,781 Cr.
  • Current Price 184
  • High / Low 270 / 151
  • Stock P/E 7.90
  • Book Value 170
  • Dividend Yield 2.15 %
  • ROCE 16.2 %
  • ROE 14.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.08 times its book value
  • Company has been maintaining a healthy dividend payout of 19.9%

Cons

  • The company has delivered a poor sales growth of 0.44% over past five years.
  • Company has a low return on equity of 10.8% 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1,416 1,377 1,215 1,352 1,311 1,354 1,407
874 906 793 946 878 871 859
Operating Profit 542 470 422 407 432 483 548
OPM % 38% 34% 35% 30% 33% 36% 39%
74 31 25 36 69 51 -23
Interest 105 88 78 76 73 57 50
Depreciation 158 156 120 118 127 160 168
Profit before tax 353 257 248 250 301 318 307
Tax % 38% 28% 49% 25% 24% 23% 17%
219 186 126 188 229 166 255
EPS in Rs 14.47 12.30 8.35 12.45 15.16 10.98 16.84
Dividend Payout % 17% 20% 30% 22% 18% 25% 17%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 1%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 23%
TTM: 112%
Stock Price CAGR
10 Years: 8%
5 Years: 22%
3 Years: 30%
1 Year: 14%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 11%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 151 151 151 151 151 151 151
Reserves 1,463 1,605 1,685 1,882 2,085 2,229 2,419
855 716 606 475 417 617 573
478 521 559 639 761 710 688
Total Liabilities 2,947 2,992 3,002 3,148 3,414 3,707 3,831
2,133 1,991 1,890 1,977 2,522 2,680 2,632
CWIP 83 87 99 35 24 6 167
Investments 69 160 207 250 280 249 90
662 755 806 886 588 773 942
Total Assets 2,947 2,992 3,002 3,148 3,414 3,707 3,831

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
407 398 342 232 433 331 582
55 -86 -61 -178 -459 -383 -231
-237 -272 -230 -228 -161 103 -142
Net Cash Flow 225 40 50 -174 -187 51 208

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 44 59 39 72 69 70 56
Inventory Days
Days Payable
Cash Conversion Cycle 44 59 39 72 69 70 56
Working Capital Days -25 -16 -19 19 -12 17 7
ROCE % 14% 14% 13% 15% 13% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
55.69% 55.69% 55.69% 55.69% 55.69% 55.69% 55.69% 55.69% 55.43% 55.43% 55.43% 55.43%
1.67% 1.64% 2.10% 2.76% 2.91% 2.90% 4.42% 3.88% 3.86% 4.97% 4.67% 4.49%
7.33% 7.22% 8.50% 8.48% 6.81% 6.15% 5.99% 5.99% 5.96% 5.91% 5.86% 6.27%
7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64% 7.64%
27.67% 27.81% 26.07% 25.42% 26.94% 27.62% 26.26% 26.80% 27.12% 26.07% 26.40% 26.16%
No. of Shareholders 78,01578,44675,88773,44072,83272,25267,85874,80282,41299,34697,72996,409

* 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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