Gujarat State Petronet Ltd

Guj.St.Petronet Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat State Petronet Ltd

₹ 368 -1.09%
20 Dec - close price
gspcgroup.com BSE: 532702 NSE: GSPL
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 20,735 Cr.
  • Current Price ₹ 368
  • High / Low ₹ 470 / 260
  • Stock P/E 13.8
  • Book Value ₹ 198
  • Dividend Yield 1.36 %
  • ROCE 21.5 %
  • ROE 16.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

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

Part of BSE 250 SmallCap Index Nifty Oil & Gas Nifty Smallcap 50 Nifty 500 Multicap 50:25:25 Nifty500 Multicap Infrastructure 50:30:20

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
4,085 5,490 4,990 5,536 4,312 3,998 4,270 4,108 4,265 4,389 4,532 4,727 3,992
3,280 4,907 4,000 4,563 3,329 3,149 3,433 3,394 3,351 3,608 3,570 3,905 3,304
Operating Profit 805 583 990 974 983 849 837 715 914 781 962 822 688
OPM % 20% 11% 20% 18% 23% 21% 20% 17% 21% 18% 21% 17% 17%
45 67 11 54 24 42 45 40 55 56 114 69 76
Interest 27 25 24 21 20 15 6 8 14 8 8 8 8
Depreciation 143 146 151 151 155 158 157 161 165 168 169 171 179
Profit before tax 680 479 826 855 833 718 719 586 789 661 899 712 577
Tax % 25% 27% 23% 24% 25% 26% 24% 26% 25% 25% 26% 26% 27%
513 351 639 648 621 530 543 434 590 496 663 527 423
EPS in Rs 7.06 5.22 7.72 8.39 7.73 6.37 6.61 5.94 8.06 7.00 8.42 6.65 4.99
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 5,901 7,261 9,345 12,244 11,535 17,991 18,117 17,295 17,640
101 122 136 126 4,260 5,217 6,805 9,027 7,961 14,491 14,437 13,887 14,387
Operating Profit 1,072 929 928 866 1,642 2,044 2,540 3,217 3,574 3,500 3,680 3,407 3,253
OPM % 91% 88% 87% 87% 28% 28% 27% 26% 31% 19% 20% 20% 18%
66 57 42 94 118 122 135 108 130 148 136 248 315
Interest 126 142 118 80 278 242 427 369 227 112 70 56 33
Depreciation 186 184 189 183 436 447 468 518 542 579 621 664 688
Profit before tax 826 660 664 697 1,046 1,477 1,780 2,438 2,936 2,957 3,125 2,935 2,848
Tax % 35% 36% 38% 33% 31% 35% 33% 7% 25% 25% 25% 26%
538 417 488 465 718 958 1,190 2,279 2,192 2,231 2,342 2,184 2,109
EPS in Rs 9.56 7.39 8.64 8.26 9.84 13.15 17.71 30.65 28.48 29.04 29.09 29.41 27.06
Dividend Payout % 10% 14% 14% 18% 15% 13% 11% 7% 7% 7% 17% 17%
Compounded Sales Growth
10 Years: 32%
5 Years: 13%
3 Years: 14%
TTM: 6%
Compounded Profit Growth
10 Years: 15%
5 Years: 10%
3 Years: 0%
TTM: -2%
Stock Price CAGR
10 Years: 12%
5 Years: 11%
3 Years: 7%
1 Year: 25%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 19%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,472 2,823 3,217 3,423 3,962 1,865 2,731 4,320 5,827 7,355 8,885 10,261 10,626
1,610 1,429 1,157 1,067 2,989 5,386 4,579 3,629 2,003 713 149 140 136
765 811 931 785 4,293 4,148 4,587 4,837 5,775 6,662 7,718 8,091 9,002
Total Liabilities 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 14,169 15,294 17,316 19,056 20,327
3,254 3,205 3,169 3,123 8,069 8,208 8,897 9,256 9,497 9,946 10,481 10,779 11,201
CWIP 614 804 949 768 1,192 1,374 908 807 953 1,245 1,409 1,680 1,427
Investments 197 543 633 723 469 590 696 1,023 1,457 1,670 1,621 1,889 1,821
1,345 1,073 1,117 1,224 2,079 1,790 1,960 2,264 2,262 2,433 3,805 4,708 5,879
Total Assets 5,410 5,625 5,868 5,838 11,808 11,963 12,461 13,350 14,169 15,294 17,316 19,056 20,327

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
692 644 626 603 1,644 1,669 2,044 2,771 2,897 2,748 3,340 2,803
-367 -708 -201 -321 -835 -3,593 -612 -806 -1,080 -1,359 -1,815 -2,142
51 -338 -438 -297 -879 2,013 -1,382 -1,494 -2,096 -1,659 -805 -547
Net Cash Flow 376 -402 -13 -15 -70 89 50 471 -279 -271 720 114

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 28 25 27 20 30 21 23 24
Inventory Days
Days Payable
Cash Conversion Cycle 79 86 52 56 28 25 27 20 30 21 23 24
Working Capital Days -65 -91 -84 -57 -60 -113 -75 -61 -28 -19 -25 -8
ROCE % 22% 17% 16% 15% 19% 20% 25% 30% 31% 28% 27% 21%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63% 37.63%
16.61% 16.21% 16.54% 17.31% 17.28% 16.72% 16.55% 16.00% 16.03% 15.67% 15.84% 15.21%
21.61% 22.25% 21.78% 24.19% 24.27% 24.88% 25.20% 25.17% 24.77% 24.74% 23.57% 24.87%
10.98% 10.98% 10.98% 2.01% 2.01% 2.01% 2.01% 2.01% 2.01% 2.01% 2.01% 10.00%
13.17% 12.93% 13.07% 18.85% 18.82% 18.75% 18.62% 19.19% 19.56% 19.95% 20.95% 12.29%
No. of Shareholders 1,54,1251,55,4571,58,0301,64,8301,63,6881,59,9841,59,4011,68,2961,73,7631,80,7652,39,9482,18,803

* 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.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Aug 2024
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  • Nov 2019
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  • Aug 2019
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  • May 2019
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