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Guj. State Petronet

₹363.9 -0.1 | 0%

Market Cap ₹20529 Cr.

Stock P/E 9.4

P/B 1.9

Current Price ₹363.9

Book Value ₹ 187.5

Face Value 10

52W High ₹469.6

Dividend Yield 1.37%

52W Low ₹ 260.2

Guj. State Petronet Research see more...

Overview Inc. Year: 1998Industry: Gas Transmission/Marketing

Gujarat State Petronet Limited (GSPL) is a natural gas infrastructure and transmission enterprise engaged in gas transportation business. The Company is engaged in transmission of natural gas through pipelines on an open access basis to foundation from deliver points to call for facilities. It additionally generates electricity thru windmills. Its segments consist of Gas Transportation and Windmill. It develops electricity transportation infrastructure and connects natural gasoline supply resources, such as LN terminals to various markets. It has installation of 52.5MW Wind Power Project at Maliya Miyana (District-Rajkot), Gorsar, and Adodar (District-Porbandar). Its subsidiaries consist of GSPL India Gasnet Ltd, that is engaged in development of Mehsana-Bhatinda and Bhatinda-Jammu-Srinagar pipeline initiatives, and GSPL India Transco Ltd, that is engaged inside the improvement of Mallavaram-Bhopal-Bhilwara-Vijaipur Pipeline Project. It serves diverse industries, together with power and fertilizer.

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Guj. State Petronet Share Price

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Guj. State Petronet Quarterly Results

#(Fig in Cr.) Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
Net Sales 245 296 335 350 350
Other Income 27 16 28 12 17
Total Income 272 313 363 362 368
Total Expenditure 43 20 49 53 61
Operating Profit 229 292 313 309 306
Interest 12 11 9 5 10
Depreciation 46 43 44 44 44
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 171 239 261 259 252
Provision for Tax 44 86 84 78 95
Profit After Tax 127 153 177 182 157
Adjustments -127 -153 -177 -182 -157
Profit After Adjustments 0 0 0 0 0
Adjusted Earnings Per Share 2.3 2.7 3.1 3.2 2.8

Guj. State Petronet 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 1051 1065 992 1028 1332 1877 2363 2079 2020 1762 2032 1331
Other Income 55 52 66 88 73 59 65 69 105 168 335 73
Total Income 1106 1117 1058 1116 1405 1937 2428 2149 2125 1930 2367 1406
Total Expenditure 122 149 126 139 184 335 787 606 622 503 527 183
Operating Profit 984 967 932 977 1221 1602 1641 1543 1502 1427 1839 1220
Interest 142 118 80 60 35 219 164 93 31 5 5 35
Depreciation 184 189 183 179 175 180 195 203 196 194 192 175
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 658 660 669 738 1011 1203 1282 1247 1275 1229 1642 1011
Provision for Tax 239 250 223 241 342 408 171 316 296 284 358 343
Profit After Tax 419 410 445 497 668 795 1111 931 979 945 1285 669
Adjustments 0 0 0 0 0 0 -3 -6 31 0 0 -669
Profit After Adjustments 419 410 445 497 668 795 1109 924 1010 945 1285 0
Adjusted Earnings Per Share 7.4 7.3 7.9 8.8 11.9 14.1 19.7 16.5 17.4 16.7 22.8 11.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% -1% 2% 7%
Operating Profit CAGR 29% 6% 3% 6%
PAT CAGR 36% 11% 10% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 23% 8% 11% 12%
ROE Average 13% 12% 13% 13%
ROCE Average 17% 15% 16% 16%

Guj. State Petronet 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 3295 3623 4069 4496 5065 5744 6723 7545 8443 9273 10270
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1037 888 790 501 1759 1286 544 325 0 0 0
Other Non-Current Liabilities 448 483 514 513 541 587 529 559 558 570 570
Total Current Liabilities 623 546 473 324 1583 1333 1307 921 339 245 241
Total Liabilities 5403 5540 5846 5833 8949 8950 9103 9373 9340 10088 11081
Fixed Assets 3159 3065 3123 3166 3114 3607 3586 3467 3325 3155 3035
Other Non-Current Assets 1377 1729 1833 1590 5204 4819 4992 5356 5591 5751 6238
Total Current Assets 866 746 890 1077 631 524 432 413 423 1183 1808
Total Assets 5403 5540 5846 5833 8949 8950 9103 9373 9340 10088 11081

Guj. State Petronet 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 498 90 91 76 15 23 70 90 85 74 136
Cash Flow from Operating Activities 645 627 603 944 894 1088 1360 1241 1075 966 1172
Cash Flow from Investing Activities -646 -152 -321 -368 -3174 -8 -310 -438 -4 -702 -1016
Cash Flow from Financing Activities -407 -474 -297 -637 2286 -1033 -1030 -809 -1082 -203 -284
Net Cash Inflow / Outflow -408 1 -15 -61 7 48 20 -6 -11 62 -127
Closing Cash & Cash Equivalent 90 91 76 15 23 70 90 85 74 136 8

Guj. State Petronet 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) 7.45 7.29 7.91 8.82 11.86 14.09 19.7 16.5 17.35 16.75 22.77
CEPS(Rs) 10.72 10.65 11.16 12 14.97 17.29 23.15 20.09 20.83 20.18 26.17
DPS(Rs) 1 1.2 1.5 1.5 1.75 2 2 2 2 5 5
Book NAV/Share(Rs) 58.42 64.24 72.18 79.74 89.82 101.84 119.18 133.73 149.64 164.36 182.03
Core EBITDA Margin(%) 88.4 85.98 87.31 86.45 86.19 82.17 66.69 70.84 69.18 71.43 74.02
EBIT Margin(%) 76.15 73.09 75.48 77.6 78.56 75.75 61.22 64.41 64.65 69.98 81.06
Pre Tax Margin(%) 62.65 62.03 67.43 71.8 75.9 64.07 54.26 59.95 63.1 69.72 80.82
PAT Margin (%) 39.89 38.55 44.9 48.33 50.19 42.33 47.02 44.75 48.46 53.63 63.22
Cash Profit Margin (%) 57.39 56.32 63.34 65.77 63.34 51.92 55.26 54.51 58.16 64.63 72.67
ROA(%) 7.87 7.5 7.82 8.5 9.04 8.88 12.31 10.07 10.46 9.73 12.14
ROE(%) 13.47 11.89 11.6 11.61 13.99 14.71 17.83 13.05 12.25 10.67 13.15
ROCE(%) 17.26 16.37 15.1 15.54 15.79 17.52 17.58 15.83 15.27 13.85 16.86
Receivable days 87.39 68.47 55.59 48.08 33.22 32.24 28.71 28.43 26.18 28.33 25.62
Inventory Days 25.46 30.8 41.94 40.86 32.31 24.44 19.62 22.44 28.78 41.54 37.99
Payable days 0 0 0 0 0 0 0 0 0 1344.02 978.32
PER(x) 9.28 16.98 17.51 18.27 15.86 13.43 8.78 16.57 14.97 15.8 15.64
Price/Book(x) 1.18 1.93 1.92 2.02 2.09 1.86 1.45 2.04 1.74 1.61 1.96
Dividend Yield(%) 1.45 0.97 1.08 0.93 0.93 1.06 1.16 0.73 0.77 1.89 1.4
EV/Net Sales(x) 4.59 7.23 8.38 8.66 9.98 6.86 4.78 7.87 7.26 8.08 9.66
EV/Core EBITDA(x) 4.9 7.95 8.92 9.11 10.89 8.04 6.88 10.6 9.76 9.97 10.67
Net Sales Growth(%) -10.44 1.32 -6.83 3.59 29.6 40.96 25.89 -12.01 -2.86 -12.78 15.31
EBIT Growth(%) -15.95 -2.75 -3.78 6.49 31.21 35.92 1.74 -7.4 -2.5 -5.59 33.57
PAT Growth(%) -22.11 -2.1 8.53 11.52 34.59 18.89 39.84 -16.25 5.2 -3.48 35.95
EPS Growth(%) -22.11 -2.14 8.53 11.45 34.53 18.84 39.8 -16.28 5.2 -3.48 35.95
Debt/Equity(x) 0.43 0.32 0.26 0.14 0.6 0.41 0.24 0.14 0.01 0 0
Current Ratio(x) 1.39 1.37 1.88 3.33 0.4 0.39 0.33 0.45 1.25 4.83 7.5
Quick Ratio(x) 1.28 1.16 1.63 2.98 0.32 0.3 0.23 0.31 0.69 3.96 6.63
Interest Cover(x) 5.64 6.6 9.37 13.38 29.54 6.49 8.8 14.42 41.73 266.99 334.11
Total Debt/Mcap(x) 0.37 0.17 0.14 0.07 0.29 0.22 0.17 0.07 0.01 0 0

Guj. State Petronet Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63 37.63
FII 16.54 17.31 17.28 16.72 16.55 16.01 16.03 15.67 15.85 15.21
DII 32.76 26.2 26.28 26.9 27.2 27.18 26.77 26.74 25.58 34.88
Public 13.07 18.86 18.82 18.75 18.62 19.19 19.57 19.95 20.94 12.29
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 1344.02 to 978.32days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 37.63%.
  • Company has a low return on equity of 12% over the 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.

Guj. State Petronet News

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