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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Gujarat Industries Power Co Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:29 am

Market Cap 3,644 Cr.
Current Price 241
High / Low 270/151
Stock P/E16.9
Book Value 223
Dividend Yield1.64 %
ROCE7.66 %
ROE6.15 %
Face Value 10.0
PEG Ratio-2.95

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Muzali Arts Ltd 5.80 Cr. 0.98 1.35/0.87 2.370.00 %7.96 %14.0 % 1.00
IND Renewable Energy Ltd 22.2 Cr. 15.9 24.3/11.0739 18.70.00 %0.07 %0.34 % 10.0
GMR Power & Urban Infra Ltd 7,255 Cr. 101 169/38.6 11.10.00 %11.4 %% 5.00
Gita Renewable Energy Ltd 62.9 Cr. 153 310/121242 32.20.00 %2.71 %1.91 % 10.0
SJVN Ltd 43,833 Cr. 112 170/88.847.4 37.21.61 %4.99 %5.90 % 10.0
Industry Average56,051.00 Cr213.8789.4787.840.69%8.19%10.02%8.08

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales331332296322262293303252376424342280354
Expenses233233212203174177178177294299236218259
Operating Profit9899841198811612576821251066295
OPM %30%30%28%37%33%40%41%30%22%29%31%22%27%
Other Income884557614199182616
Interest7777779910109109
Depreciation24353337414041414241424242
Profit before tax75654879447681394984733659
Tax %59%32%27%32%37%28%23%32%31%22%21%21%21%
Net Profit31443553285563273465572847
EPS in Rs2.022.922.343.531.853.614.161.762.254.303.791.873.08

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3001,4161,3771,2151,3521,3111,3541,4071,3791,3351,1721,3561,423
Expenses8688749067939468788718598749117679481,048
Operating Profit432542470422407432483548505424406408375
OPM %33%38%34%35%30%33%36%39%37%32%35%30%26%
Other Income-3743125366951-1014230214872
Interest1191058878767357505131293839
Depreciation169158156120118127160168191155151165167
Profit before tax142354257248250301317228305268247253242
Tax %16%38%28%49%25%24%23%23%19%33%31%26%
Net Profit118219186126188229244176248180171189185
EPS in Rs7.8314.4712.298.3512.4515.1616.1711.6616.4011.8911.3312.4812.21
Dividend Payout %32%17%20%30%22%18%17%25%18%23%22%30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)85.59%-15.07%-32.26%49.21%21.81%6.55%-27.87%40.91%-27.42%-5.00%10.53%
Change in YoY Net Profit Growth (%)0.00%-100.66%-17.19%81.46%-27.40%-15.26%-34.42%68.78%-68.33%22.42%15.53%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:0%
5 Years:-1%
3 Years:0%
TTM:-7%
Compounded Profit Growth
10 Years:1%
5 Years:-8%
3 Years:3%
TTM:16%
Stock Price CAGR
10 Years:11%
5 Years:29%
3 Years:45%
1 Year:44%
Return on Equity
10 Years:8%
5 Years:7%
3 Years:6%
Last Year:6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:37 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital151151151151151151151151151151151151151
Reserves1,4631,6051,6851,8822,0852,3082,4192,5972,7042,8933,0033,1543,215
Borrowings855716606475417617573447480529493614696
Other Liabilities4785215596397617106887347948308391,2981,404
Total Liabilities2,9472,9923,0023,1483,4143,7863,8313,9304,1294,4034,4875,2185,465
Fixed Assets2,1331,9911,8901,8592,5222,6802,6322,8832,6283,0562,9512,9812,900
CWIP83874115324616752924175437636
Investments69160207250281328906088148106124145
Other Assets6617548638855877729429821,1211,1581,3551,6781,784
Total Assets2,9472,9923,0023,1483,4143,7863,8313,9304,1294,4034,4875,2185,465

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +408398405232433337590445193362410562
Cash from Investing Activity +55-86-124-178-459-389-239-113-231-340-128-217
Cash from Financing Activity +-237-272-230-228-161103-142-222-47-25-110-190
Net Cash Flow2254050-174-18751209109-85-2172155

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow432.00-313.00-246.00-184.00-68.0015.00-134.00-25.0058.00-56.00-123.00-85.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days4459397269705651811018376
Inventory Days
Days Payable
Cash Conversion Cycle4459397269705651811018376
Working Capital Days-25-16-1919-12177398711611286
ROCE %16%14%14%13%15%13%16%11%9%8%8%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.43%55.43%55.43%
FIIs1.61%1.67%1.64%2.10%2.76%2.91%2.90%4.42%3.88%3.86%4.97%4.67%
DIIs8.11%7.33%7.22%8.50%8.48%6.81%6.15%5.99%5.99%5.96%5.91%5.86%
Government7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%
Public26.94%27.67%27.81%26.07%25.42%26.94%27.62%26.26%26.80%27.12%26.07%26.40%
No. of Shareholders79,91078,01578,44675,88773,44072,83272,25267,85874,80282,41299,34697,729

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan7,027,0000.16111.487,027,0002024-12-170%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 19Mar 18Mar 17Mar 16Mar 15
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)16.8410.9815.1612.458.35
Diluted EPS (Rs.)16.8410.9815.1612.458.35
Cash EPS (Rs.)27.9826.7323.5720.2216.46
Book Value[Excl.RevalReserv]/Share (Rs.)169.96162.58147.83134.44121.43
Book Value[Incl.RevalReserv]/Share (Rs.)169.96162.58147.83134.44121.43
Revenue From Operations / Share (Rs.)93.0590.1886.6589.4080.31
PBDIT / Share (Rs.)43.9635.9833.1529.2830.81
PBIT / Share (Rs.)32.8325.4224.7421.5122.88
PBT / Share (Rs.)20.2720.9919.9016.5116.50
Net Profit / Share (Rs.)16.8416.1715.1612.458.35
NP After MI And SOA / Share (Rs.)16.8410.9815.1612.458.35
PBDIT Margin (%)47.2439.8938.2532.7538.36
PBIT Margin (%)35.2828.1828.5524.0528.48
PBT Margin (%)21.7823.2722.9618.4620.53
Net Profit Margin (%)18.1017.9217.4913.9210.40
NP After MI And SOA Margin (%)18.1012.1717.4913.9210.40
Return on Networth / Equity (%)9.906.7510.259.256.87
Return on Capital Employeed (%)14.6311.7812.8611.9113.79
Return On Assets (%)6.644.386.715.984.19
Long Term Debt / Equity (X)0.140.140.120.160.23
Total Debt / Equity (X)0.160.190.130.180.27
Asset Turnover Ratio (%)0.360.370.390.430.40
Current Ratio (X)1.531.030.841.531.36
Quick Ratio (X)1.150.730.531.171.07
Inventory Turnover Ratio (X)3.913.984.260.000.00
Dividend Payout Ratio (NP) (%)16.0224.5917.8120.0829.92
Dividend Payout Ratio (CP) (%)9.6512.5311.4512.3615.19
Earning Retention Ratio (%)83.9875.4182.1979.9270.08
Cash Earning Retention Ratio (%)90.3587.4788.5587.6484.81
Interest Coverage Ratio (X)13.228.136.855.865.97
Interest Coverage Ratio (Post Tax) (X)8.844.654.133.492.86
Enterprise Value (Cr.)1240.061878.011872.391397.061420.23
EV / Net Operating Revenue (X)0.881.381.431.031.17
EV / EBITDA (X)1.863.453.733.153.05
MarketCap / Net Operating Revenue (X)0.761.081.200.901.06
Retention Ratios (%)83.9775.4082.1879.9170.07
Price / BV (X)0.410.590.700.600.69
Price / Net Operating Revenue (X)0.761.081.200.901.06
EarningsYield0.230.110.140.150.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 235.58

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Overvalued by 2.25% compared to the current share price 241.00

Intrinsic Value of as of December 22, 2024 is: 222.08

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Overvalued by 7.85% compared to the current share price 241.00

Last 5 Year EPS CAGR: -5.73%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (2,385.62 cr) compared to borrowings (578.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.00 cr) and profit (262.46 cr) over the years.
  1. The stock has a low average ROCE of 12.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 34.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 66.75, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 18.1%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.63% (Industry Average ROCE: 8.19%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 9.9% (Industry Average ROE: 10.02%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 8.84
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.15
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 16.9 (Industry average Stock P/E: 89.47)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.16
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Gujarat Industries Power Company Ltd. is a Public Limited Listed company incorporated on 01/06/1985 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L99999GJ1985PLC007868 and registration number is 007868. Currently company belongs to the Industry of Power - Generation/Distribution. Company’s Total Operating Revenue is Rs. 1172.41 Cr. and Equity Capital is Rs. 151.25 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionP.O.: Ranoli, Vadodra District Gujarat 391350investors@gipcl.com
http://www.gipcl.com
Management
NamePosition Held
Mrs. Vatsala VasudevaManaging Director
Mr. Jai Prakash ShivahareDirector
Mr. P SwaroopDirector
Mr. N N MisraDirector
Mr. Prabhat SinghDirector
Mr. Nitin Chandrashamker ShuklaDirector
Dr. Ravindra DholakaiDirector
Dr. Mamata BiswalDirector
Prof. Vishal GuptaDirector
Mr. K S BadlaniAdditional Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹235.58, which is 2.25% lower than the current market price of ₹241.00. The stock has a market capitalization of 3,644 Cr. and recorded a high/low of 270/151 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,215 Cr and total liabilities of ₹5,465 Cr.

What is the Market Cap of ?

The Market Cap of is 3,644 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 241.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 270/151.

What is the Stock P/E of ?

The Stock P/E of is 16.9.

What is the Book Value of ?

The Book Value of is 223.

What is the Dividend Yield of ?

The Dividend Yield of is 1.64 %.

What is the ROCE of ?

The ROCE of is 7.66 %.

What is the ROE of ?

The ROE of is 6.15 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE