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 ₹ 18,737 Cr.
- Current Price ₹ 332
- High / Low ₹ 470 / 260
- Stock P/E 16.7
- Book Value ₹ 187
- Dividend Yield 1.51 %
- ROCE 16.8 %
- ROE 13.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 21.0%
Cons
- The company has delivered a poor sales growth of 1.59% over past five years.
- Company has a low return on equity of 12.2% over last 3 years.
- Working capital days have increased from 88.0 days to 197 days
* 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
Part of BSE 250 SmallCap Index BSE SmallCap Select Index BSE 400 MidSmallCap Index BSE Allcap BSE Energy
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,173 | 1,051 | 1,065 | 992 | 1,028 | 1,332 | 1,877 | 2,363 | 2,079 | 2,020 | 1,762 | 2,032 | 1,673 | |
| 101 | 122 | 136 | 126 | 139 | 184 | 334 | 789 | 612 | 620 | 503 | 527 | 422 | |
| Operating Profit | 1,072 | 929 | 928 | 866 | 888 | 1,148 | 1,543 | 1,574 | 1,467 | 1,400 | 1,259 | 1,504 | 1,251 |
| OPM % | 91% | 88% | 87% | 87% | 86% | 86% | 82% | 67% | 71% | 69% | 71% | 74% | 75% |
| 66 | 55 | 39 | 66 | 88 | 73 | 59 | 65 | 69 | 133 | 168 | 335 | 377 | |
| Interest | 126 | 142 | 118 | 80 | 60 | 35 | 219 | 164 | 93 | 31 | 5 | 5 | 5 |
| Depreciation | 186 | 184 | 189 | 183 | 179 | 175 | 180 | 195 | 203 | 196 | 194 | 192 | 198 |
| Profit before tax | 826 | 658 | 660 | 669 | 738 | 1,011 | 1,203 | 1,280 | 1,240 | 1,306 | 1,229 | 1,642 | 1,426 |
| Tax % | 35% | 36% | 38% | 33% | 33% | 34% | 34% | 13% | 25% | 23% | 23% | 22% | |
| 538 | 419 | 410 | 445 | 497 | 668 | 795 | 1,109 | 924 | 1,010 | 945 | 1,285 | 1,125 | |
| EPS in Rs | 9.56 | 7.45 | 7.29 | 7.91 | 8.81 | 11.86 | 14.09 | 19.65 | 16.38 | 17.90 | 16.75 | 22.77 | 19.94 |
| Dividend Payout % | 10% | 13% | 16% | 19% | 17% | 15% | 14% | 10% | 12% | 11% | 30% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 2% |
| 3 Years: | -1% |
| TTM: | -8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| TTM: | -3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 9% |
| 3 Years: | 2% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 13% |
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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 563 | 563 | 563 | 563 | 564 | 564 | 564 | 564 | 564 | 564 | 564 | 564 | 564 |
| Reserves | 2,378 | 2,732 | 3,060 | 3,506 | 3,932 | 4,501 | 5,180 | 6,158 | 6,981 | 7,879 | 8,709 | 9,706 | 10,014 |
| 1,610 | 1,429 | 1,157 | 1,067 | 631 | 3,058 | 2,366 | 1,630 | 1,030 | 95 | 8 | 8 | 8 | |
| 703 | 679 | 760 | 710 | 707 | 826 | 840 | 750 | 797 | 802 | 807 | 802 | 1,280 | |
| Total Liabilities | 5,253 | 5,403 | 5,540 | 5,846 | 5,833 | 8,949 | 8,950 | 9,103 | 9,373 | 9,340 | 10,088 | 11,081 | 11,866 |
| 3,252 | 3,159 | 3,065 | 3,123 | 3,166 | 3,114 | 3,608 | 3,586 | 3,467 | 3,325 | 3,155 | 3,035 | 3,280 | |
| CWIP | 526 | 656 | 776 | 768 | 686 | 896 | 419 | 237 | 222 | 253 | 426 | 762 | 544 |
| Investments | 174 | 585 | 649 | 731 | 766 | 4,181 | 4,277 | 4,611 | 5,006 | 5,174 | 5,170 | 5,330 | 5,339 |
| 1,302 | 1,002 | 1,050 | 1,224 | 1,216 | 757 | 646 | 669 | 678 | 588 | 1,337 | 1,954 | 2,704 | |
| Total Assets | 5,253 | 5,403 | 5,540 | 5,846 | 5,833 | 8,949 | 8,950 | 9,103 | 9,373 | 9,340 | 10,088 | 11,081 | 11,866 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 693 | 645 | 627 | 603 | 944 | 894 | 1,088 | 1,360 | 1,241 | 1,075 | 966 | 1,172 | |
| -328 | -646 | -152 | -321 | -368 | -3,174 | -8 | -310 | -438 | -4 | -702 | -1,016 | |
| -1 | -407 | -474 | -297 | -637 | 2,286 | -1,033 | -1,030 | -809 | -1,082 | -203 | -284 | |
| Net Cash Flow | 364 | -408 | 1 | -15 | -61 | 7 | 48 | 20 | -6 | -11 | 62 | -127 |
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 | 79 | 86 | 52 | 56 | 42 | 34 | 40 | 25 | 28 | 23 | 30 | 25 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 79 | 86 | 52 | 56 | 42 | 34 | 40 | 25 | 28 | 23 | 30 | 25 |
| Working Capital Days | -62 | -89 | -81 | -57 | -17 | -361 | -188 | -150 | 19 | 16 | 51 | 197 |
| ROCE % | 23% | 17% | 17% | 15% | 16% | 16% | 18% | 18% | 16% | 15% | 14% | 17% |
Documents
Announcements
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Disclosure Under Regulation 30 For Equity Contribution
7 Nov - Approval of Rs. 42.03 Cr equity investment in CICL.
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Presentation On Performance Highlights
7 Nov - Presentation on Q2 2024-25 financial results.
- Un-Audited Financial Results For Quarter & Half Year Ended 30Th September 2024 7 Nov
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 22 Oct
- Closure of Trading Window 18 Oct
Annual reports
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Financial Year 2024
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Financial Year 2023
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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
from nse
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Financial Year 2012
from bse
Concalls
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Aug 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
Gas Transmission Business
The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources. GSPL commenced its operations with the transmission of natural gas being provided by GSPC. Over a while, GSPL has invested significantly in developing its natural gas pipeline network, which is now connected to major natural gas supply sources in Gujarat, including designated collection points near the various natural gas fields in Hazira, regassified liquified natural gas (RLNG) from Shell’s terminal at Hazira, Petronet LNG Limited’s terminal at Dahej, GSPC LNG Limited’s (GLL) terminal at Mundra along with Swan LNG floating storage regasification unit (FSRU) (Phase-1) and Chhara LNG terminal. It owns and operates around 2,704 km of natural gas transmission pipeline in the state of Gujarat as of Q1FY24. GSPL also sells electricity generated through its 52.50-MW windmills.