Is Gujarat Pipavav Port a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Pipavav Port Ltd is a good quality company .

Is Gujarat Pipavav Port undervalued or overvalued?

The key valuation ratios of Gujarat Pipavav Port Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Gujarat Pipavav Port share price return in the past 10 years?

Gujarat Pipavav Port Ltd share price has appreciated 2.2% annually (CAGR) over the past ten years.

Is Gujarat Pipavav Port a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gujarat Pipavav Port Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Gujarat Pipavav Port Ltd - Stock Valuation and Financial Performance

Name: Gujarat Pipavav Port
Brand: Gujarat Pipavav Port

BSE: 533248 | NSE: GPPL | Port | Small Cap

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Gujarat Pipavav Port Share Price

₹217.55 -1.95 -0.89%
as on 20-Sep'24 16:01

10 Year X-Ray of Gujarat Pipavav Port:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	23.6%	16.3%	17.3%	15.3%	15.9%	17.8%	16.2%	15.1%	19.5%	23.2%	-
Value Creation Index ⓘ	0.7	0.2	0.3	0.1	0.1	0.3	0.2	0.1	0.4	0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	694	660	683	649	702	735	733	741	917	988	1,019
Sales YoY Gr.	-	-4.9%	3.5%	-5%	8.2%	4.8%	-0.3%	1.1%	23.7%	7.8%	-
Adj EPS ⓘ	7	4.1	5.3	4.2	4.3	6.1	4.6	4.1	6.6	8.1	8.1
YoY Gr.	-	-41.9%	29.6%	-21%	3.4%	42%	-24.6%	-10.5%	61.3%	22.8%	-
BVPS (₹) ⓘ	29.6	41.3	41.8	41.7	41.8	43.1	42	42	43	43.3	45.5
Adj Net Profit ⓘ	337	196	254	200	207	294	222	199	320	394	393
Cash Flow from Ops. ⓘ	355	389	402	315	296	340	384	380	370	485	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4%	7.1%	10.5%	7.8%
Adj EPS ⓘ	1.7%	13.7%	21%	22.8%
BVPSⓘ	4.3%	0.7%	1%	0.7%
Share Price	2.2%	21.2%	28.8%	71.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	26.4	10.3	12.6	9.9	10.3	14.3	10.8	9.8	15.6	18.9	18.3
Op. Profit Mgn % ⓘ	58.2	57.9	62.1	58.1	55.7	61.1	58.3	55.8	55.2	58.3	60.5
Net Profit Mgn % ⓘ	48.6	29.6	37.1	30.9	29.5	40	30.2	26.8	34.9	39.8	38.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	103	172	156	173	182	213	242	287	307	321	201
Cash Conv. Cycle ⓘ	-13	4	2	-5	-3	-1	0	-7	-15	-22	137

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.30%

Sales growth is growing at healthy rate in last 3 years 10.46%

Net Profit is growing at healthy rate in last 3 years 21.04%

Sales growth is good in last 4 quarters at 10.31%

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Latest Financials - Gujarat Pipavav Port Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.1	7.9
TTM Sales (₹ Cr.)	1,019	1,019
BVPS (₹.) ⓘ	45.5	50.1
Reserves (₹ Cr.) ⓘ	1,714	1,936
P/BV ⓘ	4.78	4.34
PE ⓘ	26.75	27.36

From the Market
52 Week Low / High (₹)	116.20 / 250.50
All Time Low / High (₹)	41.00 / 262.00
Market Cap (₹ Cr.)	10,500
Equity (₹ Cr.)	483.4
Face Value (₹)	10
Industry PE ⓘ	138.4

Management X-Ray of Gujarat Pipavav Port:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Gujarat Pipavav Port

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Gujarat Pipavav Port

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	867	660	683	649	702	735	733	741	917	988
Operating Expenses ⓘ	366	284	265	275	313	289	311	331	415	416
Manufacturing Costs	263	199	179	183	213	193	209	218	280	279
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	62	46	48	53	60	57	67	74	75	79
Other Costs ⓘ	41	38	37	39	41	39	35	39	60	59
Operating Profit ⓘ	501	376	419	374	389	447	422	410	502	572
Operating Profit Margin (%)	57.8%	57.0%	61.3%	57.6%	55.4%	60.7%	57.6%	55.4%	54.8%	57.9%
Other Income ⓘ	40	30	35	37	45	51	44	31	51	80
Interest ⓘ	26	0	0	0	0	7	6	5	8	9
Depreciation ⓘ	83	97	107	104	113	131	133	129	116	116
Exceptional Items ⓘ	-45	0	0	0	0	0	0	-5	-37	-53
Profit Before Tax ⓘ	387	309	347	307	321	359	327	303	392	474
Tax ⓘ	0	118	97	109	115	66	108	109	100	120
Profit After Tax	387	191	250	198	206	292	218	193	292	354
PAT Margin (%)	44.7%	29.0%	36.6%	30.6%	29.3%	39.8%	29.8%	26.1%	31.8%	35.8%
Adjusted EPS (₹)	8.0	4.0	5.2	4.1	4.3	6.1	4.5	4.0	6.0	7.3
Dividend Payout Ratio (%)	0%	48%	74%	83%	82%	93%	100%	100%	101%	100%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,791	1,997	2,019	2,014	2,021	2,085	2,032	2,032	2,078	2,093
Share Capital ⓘ	483	483	483	483	483	483	483	483	483	483
Reserves ⓘ	1,307	1,513	1,536	1,531	1,538	1,601	1,549	1,549	1,595	1,609
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	27	14	26	28	33	30	34	44	66	60
Others Liabilities ⓘ	267	368	477	487	602	660	782	1,130	1,288	1,510
Total Liabilities ⓘ	2,085	2,379	2,522	2,529	2,656	2,774	2,848	3,207	3,432	3,663
Fixed Assets
Gross Block	1,981	1,439	1,878	1,991	2,008	2,112	2,106	2,175	2,220	2,297
Accumulated Depreciation	519	97	202	305	418	529	639	767	857	939
Net Fixed Assetsⓘ	1,462	1,342	1,676	1,686	1,590	1,583	1,467	1,408	1,363	1,358
CWIP ⓘ	65	392	92	32	45	6	53	49	95	81
Investmentsⓘ	83	83	83	83	83	83	83	83	83	83
Inventories	13	15	16	14	8	8	10	10	8	9
Trade Receivables	36	29	29	26	51	46	48	52	86	58
Cash Equivalents ⓘ	244	295	352	432	534	650	725	856	895	1,045
Others Assetsⓘ	181	223	274	257	344	400	461	749	904	1,030
Total Assets ⓘ	2,085	2,379	2,522	2,529	2,656	2,774	2,848	3,207	3,432	3,663

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	444	389	402	315	296	340	384	380	370	485
PBT ⓘ	387	309	347	307	321	359	327	303	392	474
Adjustment ⓘ	118	77	82	79	75	93	98	106	83	103
Changes in Working Capital ⓘ	19	83	32	-19	-29	-49	20	33	3	46
Tax Paid ⓘ	-80	-80	-59	-53	-71	-64	-60	-61	-107	-138
Cash Flow From Investing Activity ⓘ	-207	-285	-241	-129	-122	-81	-101	-166	-82	-107
Capex	-114	-366	-143	-54	-31	-15	-45	-51	-58	-71
Net Investments	-139	58	-118	-86	-120	-105	-98	-142	-52	-98
Others ⓘ	45	23	21	12	29	39	41	27	28	62
Cash Flow From Financing Activityⓘ	-332	0	-227	-204	-198	-250	-296	-220	-273	-370
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-304	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-28	0	0	0	0	-7	-6	-5	0	0
Dividend Paid ⓘ	0	0	-188	-169	-164	-188	-271	-193	-246	-338
Others ⓘ	0	0	-38	-34	-34	-55	-19	-22	-26	-31
Net Cash Flow ⓘ	-95	104	-66	-18	-25	8	-13	-6	15	8

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	24.25	10.1	12.45	9.84	10.19	14.24	10.61	9.51	14.2	16.96
ROCE (%)	23.64	16.32	17.3	15.25	15.92	17.83	16.17	15.12	19.45	23.17
Asset Turnover Ratio	0.44	0.3	0.28	0.26	0.27	0.27	0.26	0.28	0.32	0.34
PAT to CFO Conversion(x)	1.15	2.04	1.61	1.59	1.44	1.16	1.76	1.97	1.27	1.37
Working Capital Days
Receivable Days	15	18	15	15	20	24	23	22	23	22
Inventory Days	5	8	8	8	6	4	5	4	3	3
Payable Days	0	0	0	0	0	0	0	0	0	0

Gujarat Pipavav Port Ltd Stock News

Gujarat Pipavav Port Ltd FAQs

What is the share price of Gujarat Pipavav Port?

Company share prices are keep on changing according to the market conditions. The closing price of Gujarat Pipavav Port on 20-Sep-2024 16:01 is ₹217.6.

What is the market cap of Gujarat Pipavav Port?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of Gujarat Pipavav Port stood at ₹10,500.3.

What is the P/E ratio of Gujarat Pipavav Port?

The latest P/E ratio of Gujarat Pipavav Port as of 20-Sep-2024 16:01 is 26.75.

What is the P/B ratio of Gujarat Pipavav Port?

The latest P/B ratio of Gujarat Pipavav Port as of 20-Sep-2024 16:01 is 4.78.

What is the 52-week high and low of Gujarat Pipavav Port?

The 52-week high of Gujarat Pipavav Port is ₹250.5 and the 52-week low is ₹116.2.

What is the TTM revenue of Gujarat Pipavav Port?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gujarat Pipavav Port is ₹1,019 ( Cr.) .

About Gujarat Pipavav Port Ltd

Gujarat Pipavav Port Limited was incorporated on August 05, 1992 to construct, operate and maintain an all-weather port at Pipavav, District Amreli, in the State of Gujarat. The port is designed to handle bulk, container, liquid cargo and RORO and to provide port services such as marine services, material handling and storage operations.

The company has entered into a 30 year Concession Agreement with Government of Gujarat and Gujarat Maritime Board (GMB) dated September 30, 1998 to engage in the business of developing, constructing, operating and maintaining the port on a BOOT (Build Own Operate Transfer) basis.

During the year 2005, AP Moller-Maersk group together with certain financial investors acquired the complete shareholdings held by the original promoter viz. Seaking Infrastructure Limited (SKIL) group, on receipt of approval from Government of Gujarat, and GMB. Accordingly, AP Moller-Maersk group became the key promoter of the Company under the Concession agreement.

Pursuant to the approval of the shareholders of the company in an extra ordinary general meeting held on November 17, 2009, the company has issued and allotted through Initial Public Offering (IPO) 108,695,652 equity shares of Rs 10 each at a premium of Rs 36 per share aggregating to a total of Rs 5,00 crore to all categories of investors. The issue was made in accordance with the terms of the company’s prospectus dated August 30, 2010 and the shares got listed on September 9, 2010 on Bombay Stock Exchange and National Stock Exchange.

Business area of the company

Gujarat Pipavav Port is engaged in providing port services such as marine services, material handling and storage operations.

Services

Containers
Roll-on Roll-off (RoRo)
Bulk Cargo
Liquid Cargo
Storage
Maritime Personnel
Towage
Tariffs
Marketing Tools

Awards

2010- EPC World Award 2010 - Outstanding contribution in Ports & Shipping
2011- Maritime And Logistics Awards (MALA) 2011 - Fastest growing Port
2011- EXIM Award 2011 - Emerging Gateway Port of the Year
2012- Maritime And Logistics Awards (MALA) 2012 - CSR Award
2012- CNBC Infrastructure Excellence Awards 2012
2013- Maritime And Logistics Awards (MALA) 2013 - HSSE Award
2015- Samudra Manthan 2015 - Safe Port of the Year Award
2016- Gujarat Star Awards 2016 - Emerging port of the year for RoRo business
2017- Gujarat Star Awards 2017 - Best Port of the year for RoRo operations
2017- Gujarat Star Awards 2017 - runner up for The Port of the Year - Health, Safety and Environment
2018- Appreciation certificate from Government of Gujarat for ‘Mukhya Mantri Apprenticeship Yojana’ Apprentice Program
2020- Award from New Delhi-based Integrated Health & Wellbeing Council for societal development and community support initiatives under the ‘COVID Relief Project’

Milestones

First Public Private Project (PPP) in port sector in India
First Public Private Project in railways through PRCL [Pipavav Railway Corporation Ltd] in India
First port to start double stack train services for containers in India. Which has a capacity of carrying 180 TEUs as against 90 TEUs carried in a single stack train.
First Port to receive the first coastal RoRo vessel in India
One of the First Ports to have environment friendly coal yard.

Timeline

1998- Concession awarded to GPPL
2000- PRCL (Pipavav Railway Corporation Ltd) formed - First PPP project with Indian Railways
2001- APM Terminals invests 12.5% in GPPL (Gujarat Pipavav Port Ltd)
2003- Port gets rail connectivity through JV with Indian Railways
2005- APM Terminals acquires controlling stakes
2006- Pioneers double stack container rakes in India.
2009- Container terminal became operational.
2010- Company listed on Indian stock exchanges.
2014- Liquid cargo operations commences at port.
2015- RoRo Operations commences at port.
2016- Container capacity expanded to 1.35 mTEUs
2017- Handles 100,000th Auto Unit - key milestone in just 20 months