BSE: 532702 | NSE: GSPL | Gas Transmission/Marketing | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat State Petronet Ltd is a good quality company.
The key valuation ratios of Gujarat State Petronet Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat State Petronet Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 16.4% | 15.1% | 15.5% | 15.8% | 17.5% | 17.6% | 15.8% | 15.3% | 13.9% | 16.9% | - |
| Value Creation Index ⓘ | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | 0.0 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,065 | 992 | 1,028 | 1,332 | 1,877 | 2,363 | 2,079 | 2,020 | 1,762 | 2,032 | 1,673 |
| Sales YoY Gr. | - | -6.8% | 3.6% | 29.6% | 41% | 25.9% | -12% | -2.9% | -12.8% | 15.3% | - |
| Adj EPS ⓘ | 7.3 | 7.9 | 8.8 | 11.9 | 14.1 | 19.7 | 16.5 | 17.4 | 16.8 | 22.8 | 19.9 |
| YoY Gr. | - | 8.5% | 11.5% | 34.5% | 18.9% | 39.7% | -16.2% | 5.3% | -3.6% | 35.9% | - |
| BVPS (₹) ⓘ | 64.2 | 72.2 | 79.7 | 89.8 | 101.8 | 119.2 | 133.7 | 149.6 | 164.4 | 182 | 187.5 |
| Adj Net Profit ⓘ | 410 | 445 | 497 | 668 | 795 | 1,111 | 931 | 981 | 945 | 1,285 | 1,124 |
| Cash Flow from Ops. ⓘ | 627 | 603 | 944 | 894 | 1,088 | 1,360 | 1,241 | 1,075 | 966 | 1,172 | - |
| Debt/CF from Ops. ⓘ | 1.9 | 1.8 | 0.7 | 3.4 | 2.2 | 1.2 | 0.8 | 0.1 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.4% | 1.6% | -0.8% | 15.3% | ||||
| Adj EPS ⓘ | 13.5% | 10.1% | 11.3% | 35.9% | ||||
| BVPSⓘ | 12.3% | 12.3% | 10.8% | 10.8% | ||||
| Share Price | 12.3% | 8.1% | 1.6% | 17.7% | ||||
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 % ⓘ | 11.9 | 11.6 | 11.6 | 14 | 14.7 | 17.8 | 13.1 | 12.3 | 10.7 | 13.2 | 10.8 |
| Op. Profit Mgn % ⓘ | 86 | 87.3 | 86.5 | 86.2 | 82.2 | 66.7 | 70.9 | 69.3 | 71.4 | 74 | 74.8 |
| Net Profit Mgn % ⓘ | 38.6 | 44.9 | 48.3 | 50.2 | 42.4 | 47 | 44.8 | 48.6 | 53.6 | 63.2 | 67.2 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.1 | 0.6 | 0.4 | 0.2 | 0.1 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 192 | 237 | 193 | 110 | 86 | 75 | 82 | 86 | 119 | 191 | 295 |
| Cash Conv. Cycle ⓘ | 65 | 62 | 71 | 47 | 40 | 35 | 26 | 24 | 37 | 39 | 222 |
Net Profit is growing at healthy rate in last 3 years 11.33%
Return on Equity has declined versus last 3 years average to 10.80%
Sales growth has been subdued in last 3 years -0.77%
Sales growth is not so good in last 4 quarters at -4.71%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 19.9 | 27.1 |
| TTM Sales (₹ Cr.) | 1,673 | 18,287 |
| BVPS (₹.) ⓘ | 187.5 | 198.3 |
| Reserves (₹ Cr.) ⓘ | 10,014 | 10,626 |
| P/BV ⓘ | 1.87 | 1.77 |
| PE ⓘ | 17.60 | 12.97 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 260.15 / 469.60 |
| All Time Low / High (₹) | 25.25 / 469.60 |
| Market Cap (₹ Cr.) | 19,795 |
| Equity (₹ Cr.) | 564.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 29.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,065 | 992 | 1,028 | 1,332 | 1,877 | 2,363 | 2,079 | 2,020 | 1,762 | 2,032 |
| Operating Expenses ⓘ | 149 | 126 | 139 | 184 | 335 | 787 | 606 | 622 | 503 | 527 |
| Manufacturing Costs | 65 | 58 | 65 | 95 | 212 | 644 | 474 | 487 | 343 | 362 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 17 |
| Employee Cost | 36 | 36 | 39 | 43 | 65 | 62 | 59 | 65 | 72 | 80 |
| Other Costs ⓘ | 49 | 31 | 36 | 46 | 57 | 81 | 72 | 70 | 72 | 69 |
| Operating Profit ⓘ | 915 | 866 | 888 | 1,148 | 1,543 | 1,576 | 1,473 | 1,398 | 1,259 | 1,504 |
| Operating Profit Margin (%) | 86.0% | 87.3% | 86.4% | 86.2% | 82.2% | 66.7% | 70.9% | 69.2% | 71.4% | 74.0% |
| Other Income ⓘ | 52 | 66 | 88 | 73 | 59 | 65 | 69 | 105 | 168 | 335 |
| Interest ⓘ | 118 | 80 | 60 | 35 | 219 | 164 | 93 | 31 | 5 | 5 |
| Depreciation ⓘ | 189 | 183 | 179 | 175 | 180 | 195 | 203 | 196 | 194 | 192 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 660 | 669 | 738 | 1,011 | 1,203 | 1,282 | 1,247 | 1,275 | 1,229 | 1,642 |
| Tax ⓘ | 250 | 223 | 241 | 342 | 408 | 171 | 316 | 296 | 284 | 358 |
| Profit After Tax | 410 | 445 | 497 | 668 | 795 | 1,111 | 931 | 979 | 945 | 1,285 |
| PAT Margin (%) | 38.5% | 44.9% | 48.3% | 50.2% | 42.3% | 47.0% | 44.8% | 48.5% | 53.6% | 63.2% |
| Adjusted EPS (₹) | 7.3 | 7.9 | 8.8 | 11.9 | 14.1 | 19.7 | 16.5 | 17.4 | 16.8 | 22.8 |
| Dividend Payout Ratio (%) | 16% | 19% | 17% | 15% | 14% | 10% | 12% | 12% | 30% | 22% |
| 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 | 3,617 | 4,064 | 4,492 | 5,062 | 5,742 | 6,722 | 7,545 | 8,443 | 9,273 | 10,270 |
| Share Capital ⓘ | 563 | 563 | 563 | 564 | 564 | 564 | 564 | 564 | 564 | 564 |
| Reserves ⓘ | 3,054 | 3,501 | 3,929 | 4,499 | 5,178 | 6,158 | 6,981 | 7,879 | 8,709 | 9,706 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 888 | 790 | 501 | 1,759 | 1,286 | 544 | 874 | 35 | 0 | 0 |
| Long Term Debt | 888 | 790 | 501 | 1,759 | 1,286 | 544 | 325 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 549 | 35 | 0 | 0 |
| Trade Payables | 40 | 15 | 14 | 19 | 24 | 41 | 62 | 65 | 51 | 38 |
| Others Liabilities ⓘ | 995 | 977 | 827 | 2,108 | 1,899 | 1,796 | 892 | 797 | 764 | 773 |
| Total Liabilities ⓘ | 5,540 | 5,846 | 5,833 | 8,949 | 8,950 | 9,103 | 9,373 | 9,340 | 10,088 | 11,081 |
Fixed Assets | ||||||||||
| Gross Block | 4,819 | 3,306 | 3,528 | 3,651 | 4,324 | 4,485 | 4,579 | 4,634 | 4,657 | 4,728 |
| Accumulated Depreciation | 1,754 | 183 | 362 | 537 | 717 | 899 | 1,112 | 1,308 | 1,501 | 1,693 |
| Net Fixed Assetsⓘ | 3,065 | 3,123 | 3,166 | 3,114 | 3,607 | 3,586 | 3,467 | 3,325 | 3,155 | 3,035 |
| CWIP ⓘ | 776 | 768 | 686 | 896 | 419 | 237 | 222 | 253 | 426 | 762 |
| Investmentsⓘ | 649 | 731 | 765 | 4,181 | 4,277 | 4,611 | 5,006 | 5,174 | 5,170 | 5,330 |
| Inventories | 110 | 118 | 112 | 123 | 128 | 126 | 130 | 189 | 212 | 211 |
| Trade Receivables | 150 | 152 | 119 | 124 | 208 | 164 | 160 | 130 | 144 | 141 |
| Cash Equivalents | 435 | 553 | 803 | 365 | 158 | 96 | 88 | 86 | 692 | 473 |
| Others Assetsⓘ | 354 | 402 | 182 | 146 | 152 | 283 | 301 | 183 | 290 | 1,129 |
| Total Assets ⓘ | 5,540 | 5,846 | 5,833 | 8,949 | 8,950 | 9,103 | 9,373 | 9,340 | 10,088 | 11,081 |
| 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 ⓘ | 627 | 603 | 944 | 894 | 1,088 | 1,360 | 1,241 | 1,075 | 966 | 1,172 |
| PBT ⓘ | 660 | 669 | 738 | 1,011 | 1,203 | 1,279 | 1,238 | 1,316 | 1,229 | 1,642 |
| Adjustment ⓘ | 273 | 205 | 175 | 143 | 345 | 301 | 237 | 85 | 39 | -127 |
| Changes in Working Capital ⓘ | -87 | -65 | 253 | 51 | -96 | 89 | 68 | -20 | -27 | 11 |
| Tax Paid ⓘ | -219 | -206 | -223 | -311 | -364 | -308 | -303 | -306 | -274 | -353 |
| Cash Flow From Investing Activity ⓘ | -152 | -321 | -368 | -3,174 | -8 | -310 | -438 | -4 | -702 | -1,016 |
| Capex | -215 | -177 | -105 | -269 | -212 | -107 | -112 | -80 | -189 | -416 |
| Net Investments | -39 | -82 | -332 | -2,979 | 148 | -259 | -385 | -168 | -626 | -925 |
| Others ⓘ | 102 | -61 | 70 | 75 | 56 | 56 | 59 | 245 | 114 | 325 |
| Cash Flow From Financing Activityⓘ | -474 | -297 | -637 | 2,286 | -1,033 | -1,030 | -809 | -1,082 | -203 | -284 |
| Net Proceeds from Shares ⓘ | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -271 | -98 | -433 | 2,424 | -691 | -734 | -604 | -935 | -88 | 0 |
| Interest Paid ⓘ | -139 | -121 | -104 | -37 | -230 | -168 | -92 | -34 | -1 | 0 |
| Dividend Paid ⓘ | -66 | -81 | -102 | -102 | -113 | -128 | -113 | -113 | -113 | -282 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -1 | -2 | -2 |
| Net Cash Flow ⓘ | 1 | -15 | -61 | 7 | 48 | 20 | -6 | -11 | 62 | -127 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.89 | 11.6 | 11.61 | 13.99 | 14.71 | 17.83 | 13.05 | 12.25 | 10.67 | 13.15 |
| ROCE (%) | 16.37 | 15.1 | 15.54 | 15.79 | 17.52 | 17.58 | 15.83 | 15.27 | 13.85 | 16.86 |
| Asset Turnover Ratio | 0.19 | 0.17 | 0.18 | 0.18 | 0.21 | 0.26 | 0.23 | 0.22 | 0.18 | 0.19 |
| PAT to CFO Conversion(x) | 1.53 | 1.36 | 1.9 | 1.34 | 1.37 | 1.22 | 1.33 | 1.1 | 1.02 | 0.91 | Working Capital Days |
| Receivable Days | 68 | 56 | 48 | 33 | 32 | 29 | 28 | 26 | 28 | 26 |
| Inventory Days | 31 | 42 | 41 | 32 | 24 | 20 | 22 | 29 | 42 | 38 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,344 | 978 |
Gujarat State Petronet Ltd. (GSPL), a GSPC Group company is a pioneer in developing energy transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing markets. GSPL is continuously expanding its pipeline network currently in Gujarat to reach the demand centres by laying gas pipeline network. GSPL was set up to complement the efforts of Gujarat State Petroleum Corporation (GSPC). The company has developed requisite expertise and confidence with proven project management competencies. GSPL is first Pipeline Company in India operating on open access basis and is a pure transmission network.
GSPL is laying a gas grid, to facilitate gas transmission from supply points to demand centres. The gas grid is equipped with the latest bi-directional gas transmission technology to enable two-way gas flow. This introduces a lot of flexibility into transmission by allowing gas to be sourced or uploaded at either end of the pipeline network. Besides, the network is continuously monitored using SCADA systems integrated with GIS technology. Office Address of Gujarat State Petronet Limited is GSPL Bhavan, E-18, GIDC Electronics Estate, Nr.K-7 Circle, Sector -26 Gandhinagar-382 028, Gujarat, India.
Business area of company
Gujarat State Petronet Limited is a natural gas infrastructure and transmission company engaged in gas transportation business. The Company is engaged in transmission of natural gas through pipelines on an open access basis from supply points to demand centers. It also generates electricity through windmills. Its segments include Gas Transportation and Windmill.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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