Guj. Inds. Power

₹193.8 2.3 | 1.2%

WEBSITE BSE:517300 NSE : GUJ.IND.POW. 05 Feb, 16:01

Market Cap ₹2930 Cr.

Stock P/E 14.8

P/B 0.9

Current Price ₹193.8

Book Value ₹ 222.5

Face Value 10

52W High ₹270

Dividend Yield 2.04%

52W Low ₹ 151.8

Edit Ratio

Guj. Inds. Power Research see more...

Overview Inc. Year: 1985Industry: Power Generation/Distribution

Gujarat Industries Power Company Ltd is an India-based organization that is engaged within the generation of power from gas, lignite, wind and sun. The Company has a different portfolio of thermal (gas and lignite), wind and solar power plant belongings within the state of Gujarat. Its operational projects include 310 megawatts (MW) gasoline-primarily based combined cycle power plant at Baroda, 500 MW lignite-based plant with captive mines, Nani Naroli, at Taluka in Mangrol, Surat district and 374.4 MW renewable energy, which consists of application scale wind and sun initiatives. Its gas-based power plants encompass Vadodara Station-I and Vadodara Station-II. Its lignite plant includes Surat Lignite Power Plant. It additionally has diverse solar as well as wind farms. It has tasks in Vastan Lignite Mine and Mangrol-Valia Lignite Mine.

Guj. Inds. Power Share Price

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Peer Comparison

Guj. Inds. Power Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	303	252	376	424	342	280	354	373	320	276
Other Income	6	14	19	9	18	26	16	17	21	17
Total Income	309	266	396	433	360	306	369	390	341	294
Total Expenditure	178	177	294	299	236	218	259	254	204	195
Operating Profit	131	89	102	134	124	88	110	136	137	99
Interest	9	9	10	10	9	10	9	9	9	8
Depreciation	41	41	42	41	42	42	42	42	42	43
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	81	39	49	84	73	36	59	85	86	48
Provision for Tax	19	12	15	19	16	7	12	19	18	13
Profit After Tax	63	27	34	65	57	28	47	66	68	35
Adjustments	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	63	27	34	65	57	28	47	66	68	35
Adjusted Earnings Per Share	4.2	1.8	2.3	4.3	3.8	1.9	3.1	4.4	4.5	2.3

Guj. Inds. Power Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1377	1215	1352	1311	1354	1407	1379	1335	1172	1356	1349	1323
Other Income	31	43	36	71	51	117	42	30	21	48	76	71
Total Income	1408	1258	1388	1382	1405	1524	1421	1366	1194	1404	1425	1394
Total Expenditure	906	792	951	882	873	859	874	911	767	948	967	912
Operating Profit	501	466	437	500	532	665	547	455	427	456	458	482
Interest	88	78	76	73	57	50	51	31	29	38	37	35
Depreciation	156	120	112	126	158	168	191	155	151	165	168	169
Exceptional Income / Expenses	0	-19	0	0	0	-218	0	0	0	0	0	0
Profit Before Tax	257	249	250	301	317	228	305	269	247	253	253	278
Provision for Tax	71	123	61	72	73	52	57	89	76	65	54	62
Profit After Tax	186	126	188	229	245	176	248	180	171	189	199	216
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	186	126	188	229	245	176	248	180	171	189	199	216
Adjusted Earnings Per Share	12.3	8.4	12.4	15.2	16.2	11.7	16.4	11.9	11.3	12.5	13.1	14.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	0%	-1%	-0%
Operating Profit CAGR	0%	0%	-7%	-1%
PAT CAGR	5%	3%	2%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-12%	31%	21%	9%
ROE Average	6%	6%	7%	8%
ROCE Average	8%	8%	9%	11%

Guj. Inds. Power Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	1756	1837	2033	2236	2459	2571	2748	2855	3044	3154	3306
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	537	432	327	271	361	367	384	395	400	391	316
Other Non-Current Liabilities	177	257	371	402	442	456	541	553	612	658	1261
Total Current Liabilities	522	476	417	505	523	438	257	327	347	284	337
Total Liabilities	2992	3002	3148	3414	3786	3831	3930	4129	4403	4487	5218
Fixed Assets	1991	1890	1977	2522	2680	2632	2883	2628	3056	2951	2981
Other Non-Current Assets	298	402	532	464	567	531	275	651	463	475	1076
Total Current Assets	704	710	638	428	539	668	771	850	884	1061	1162
Total Assets	2992	3002	3148	3414	3786	3831	3930	4129	4403	4487	5218

Guj. Inds. Power Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	275	315	362	188	1	52	261	370	285	282	454
Cash Flow from Operating Activities	398	405	232	433	337	611	445	193	362	410	562
Cash Flow from Investing Activities	-86	-124	-178	-459	-389	-265	-113	-231	-340	-128	-217
Cash Flow from Financing Activities	-272	-230	-228	-161	103	-137	-222	-47	-25	-110	-190
Net Cash Inflow / Outflow	40	50	-174	-187	51	209	109	-85	-2	172	155
Closing Cash & Cash Equivalent	315	366	188	1	52	261	370	285	282	454	609

Guj. Inds. Power Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	12.29	8.35	12.45	15.16	16.17	11.66	16.4	11.89	11.33	12.48	13.12
CEPS(Rs)	22.57	16.29	19.86	23.48	26.59	22.8	29.01	22.14	21.31	23.38	24.22
DPS(Rs)	2.5	2.5	2.7	2.7	2.7	2.9	2.9	2.7	2.5	3.75	3.95
Book NAV/Share(Rs)	116.08	121.42	134.43	147.83	162.58	169.96	181.69	188.76	201.28	208.55	218.54
Core EBITDA Margin(%)	34.16	34.8	29.67	32.73	35.51	38.95	36.62	31.78	34.62	30.09	28.27
EBIT Margin(%)	25.1	26.96	24.05	28.55	27.65	19.8	25.83	22.43	23.55	21.47	21.48
Pre Tax Margin(%)	18.69	20.53	18.47	22.96	23.45	16.22	22.15	20.11	21.09	18.7	18.72
PAT Margin (%)	13.5	10.4	13.92	17.49	18.06	12.53	17.99	13.46	14.61	13.92	14.72
Cash Profit Margin (%)	24.8	20.28	22.21	27.1	29.71	24.5	31.82	25.07	27.49	26.09	27.17
ROA(%)	6.26	4.21	6.12	6.99	6.79	4.63	6.39	4.46	4.02	4.24	4.09
ROE(%)	11.03	7.03	9.73	10.74	10.42	7.01	9.32	6.42	5.81	6.09	6.15
ROCE(%)	13.99	13.33	13.14	14.5	13.07	8.96	11.24	9.18	8.01	8.08	7.88
Receivable days	52.24	52.74	53.19	71.53	68.48	61.52	53.87	66.7	96.55	85.1	79.66
Inventory Days	31.93	40.26	40.29	43.24	41.98	41.13	43.15	52.2	69.12	64.8	65.27
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	5.35	10.17	6.48	6.84	6.01	6.1	3.06	6.37	6.48	6.08	12.43
Price/Book(x)	0.57	0.7	0.6	0.7	0.6	0.42	0.28	0.4	0.36	0.36	0.75
Dividend Yield(%)	3.8	2.94	3.35	2.61	2.78	4.07	5.79	3.57	3.41	4.95	2.42
EV/Net Sales(x)	1.01	1.26	1.11	1.51	1.5	0.99	0.6	1	1.15	0.87	1.68
EV/Core EBITDA(x)	2.78	3.27	3.44	3.95	3.81	2.09	1.52	2.93	3.15	2.58	4.95
Net Sales Growth(%)	-2.78	-11.77	11.33	-3.08	3.3	3.95	-2.03	-3.15	-12.2	15.62	-0.51
EBIT Growth(%)	-24.65	-5.27	-0.66	15.03	0.04	-25.57	27.82	-15.88	-7.84	5.41	-0.43
PAT Growth(%)	-15.08	-32.05	49.04	21.77	6.66	-27.85	40.58	-27.51	-4.71	10.15	5.2
EPS Growth(%)	-15.08	-32.05	49.04	21.77	6.66	-27.85	40.58	-27.51	-4.71	10.15	5.2
Debt/Equity(x)	0.41	0.33	0.23	0.19	0.25	0.22	0.16	0.17	0.17	0.15	0.12
Current Ratio(x)	1.35	1.49	1.53	0.85	1.03	1.53	3	2.6	2.55	3.73	3.45
Quick Ratio(x)	1.12	1.18	1.17	0.53	0.74	1.15	2.38	1.92	1.91	2.82	2.79
Interest Cover(x)	3.92	4.2	4.3	5.11	6.58	5.54	7.02	9.65	9.6	7.75	7.79
Total Debt/Mcap(x)	0.72	0.47	0.39	0.27	0.42	0.53	0.59	0.41	0.47	0.42	0.17

Guj. Inds. Power Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	55.69	55.69	55.69	55.69	55.69	55.43	55.43	55.43	55.43	55.43
FII	2.76	2.91	2.9	4.42	3.88	3.86	4.97	4.68	4.49	4.79
DII	16.13	14.45	13.79	13.63	13.63	13.6	13.55	13.5	13.91	13.67
Public	25.42	26.95	27.62	26.25	26.8	27.12	26.05	26.39	26.17	26.12
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	8.42	8.42	8.42	8.42	8.42	8.38	8.38	8.38	8.38	8.38
FII	0.42	0.44	0.44	0.67	0.59	0.58	0.75	0.71	0.68	0.72
DII	2.44	2.19	2.09	2.06	2.06	2.06	2.05	2.04	2.1	2.07
Public	3.85	4.08	4.18	3.97	4.05	4.1	3.94	3.99	3.96	3.95
Others	0	0	0	0	0	0	0	0	0	0
Total	15.13	15.13	15.13	15.13	15.13	15.13	15.13	15.13	15.13	15.13

Pros

Stock is trading at 0.9 times its book value
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 6% over the last 3 years.
The company has delivered a poor profit growth of 2% 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.