Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gujarat Industries Power Co Ltd

About the Company - Gujarat Industries Power Co Ltd

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
Mr. A K RakeshChairman
Mrs. Vatsala VasudevaManaging Director
Mr. N N MisraDirector
Mr. Prabhat SinghDirector
Dr. Ravindra DholakaiDirector
Dr. Mamata BiswalDirector
Mr. Nitin Chandrashamker ShuklaDirector
Mr. Jai Prakash ShivahareDirector
Mr. P SwaroopDirector

Gujarat Industries Power Company Ltd. Share Price Update

Share PriceValue
Today₹189.60
Previous Day₹185.65

Basic Stock Data of Gujarat Industries Power Co Ltd

Market Cap 2,859 Cr.
Current Price 189
High / Low238/70.7
Stock P/E14.5
Book Value 211
Dividend Yield1.98 %
ROCE8.06 %
ROE6.09 %
Face Value 10.0

Data Source: screener.in

Competitors of Gujarat Industries Power Co Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Reliance Infrastructure Ltd 8,955 Cr. 226252/131 2420.00 %8.95 %0.67 % 10.0
NHPC Ltd 88,286 Cr. 87.9116/38.723.8 38.92.09 %8.49 %10.8 % 10.0
NLC India Ltd 33,993 Cr. 245294/69.713.2 1191.43 %13.5 %15.5 % 10.0
Rattanindia Power Ltd 5,343 Cr. 9.9512.3/2.80 10.60.00 %8.62 %% 10.0
Tata Power Company Ltd 1,20,624 Cr. 378413/18235.2 94.30.53 %11.7 %12.6 % 1.00
Industry Average51,440.20 Cr189.3714.44100.960.81%10.25%7.91%8.20

Gujarat Industries Power Co Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales336331332296322262293303252376424342280
Expenses231233233212203174177178177294299236218
Operating Profit10698998411988116125768212510662
OPM %31%30%30%28%37%33%40%41%30%22%29%31%22%
Other Income78845576141991826
Interest8777777991010910
Depreciation48243533374140414142414242
Profit before tax56756548794476813949847336
Tax %19%59%32%27%32%37%28%23%32%31%22%21%21%
Net Profit46314435532855632734655728
EPS in Rs3.012.022.922.343.531.853.614.161.762.254.303.791.87

Gujarat Industries Power Co Ltd Quarterly Chart

Gujarat Industries Power Co Ltd Profit & Loss

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%

Gujarat Industries Power Co Ltd Profit & Loss Yearly Chart

Gujarat Industries Power Co Ltd Growth

Compounded Sales Growth
10 Years:0%
5 Years:0%
3 Years:-1%
TTM:28%
Compounded Profit Growth
10 Years:0%
5 Years:-5%
3 Years:-9%
TTM:7%
Stock Price CAGR
10 Years:14%
5 Years:25%
3 Years:38%
1 Year:161%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:6%
Last Year:6%

Gujarat Industries Power Co Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital151151151151151151151151151151151151151
Reserves1,2881,4631,6051,6851,8822,0852,3082,4192,5972,7042,8933,0033,043
Borrowings944855716606475417617573447480529493636
Other Liabilities5524785215596397617106887347948308391,007
Total Liabilities2,9362,9472,9923,0023,1483,4143,7863,8313,9304,1294,4034,4874,837
Fixed Assets2,2842,1331,9911,8901,8592,5222,6802,6322,8832,6283,0562,9513,047
CWIP16483874115324616752924175168
Investments4569160207250281328906088148106120
Other Assets4426617548638855877729429821,1211,1581,3551,502
Total Assets2,9362,9472,9923,0023,1483,4143,7863,8313,9304,1294,4034,4874,837

Gujarat Industries Power Co Ltd Reserves and Borrowings Chart

Gujarat Industries Power Co Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 482408398405232433337590445193362410
Cash from Investing Activity -10055-86-124-178-459-389-239-113-231-340-128
Cash from Financing Activity -333-237-272-230-228-161103-142-222-47-25-110
Net Cash Flow492254050-174-18751209109-85-2172

Gujarat Industries Power Co Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days5944593972697056518110183
Inventory Days
Days Payable
Cash Conversion Cycle5944593972697056518110183
Working Capital Days-64-25-16-1919-121773987116112
ROCE %11%16%14%14%13%15%13%16%11%9%8%8%

Gujarat Industries Power Co Ltd Financial Efficiency Indicators Chart

Gujarat Industries Power Co Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.43%
FIIs1.50%1.59%1.61%1.67%1.64%2.10%2.76%2.91%2.90%4.42%3.88%3.86%
DIIs11.70%10.01%8.11%7.33%7.22%8.50%8.48%6.81%6.15%5.99%5.99%5.96%
Government7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%7.64%
Public23.46%25.06%26.94%27.67%27.81%26.07%25.42%26.94%27.62%26.26%26.80%27.12%
No. of Shareholders67,35271,45479,91078,01578,44675,88773,44072,83272,25267,85874,80282,412

Gujarat Industries Power Co Ltd Shareholding Pattern Chart

No. of Gujarat Industries Power Co Ltd Shareholders

Gujarat Industries Power Co Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Balanced Advantage Fund - Regular Plan70270000.16111.48

Gujarat Industries Power Co Ltd ROCE Trend

Gujarat Industries Power Co Ltd EPS Trend

Gujarat Industries Power Co Ltd 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

Gujarat Industries Power Co Ltd Profitability Ratios (%)

Gujarat Industries Power Co Ltd Liquidity Ratios

Gujarat Industries Power Co Ltd Liquidity Ratios (%)

Gujarat Industries Power Co Ltd Interest Coverage Ratios (%)

Gujarat Industries Power Co Ltd Valuation Ratios

Fair Value of Gujarat Industries Power Co Ltd Stock

Fair Value: ₹190.01

The stock is undervalued by 0.54% compared to the current price ₹189

*Investments are subject to market risks

Strength and Weakness of Gujarat Industries Power Co Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 21.75, which is a positive sign.
  2. The company has higher reserves (2,228.85 cr) compared to borrowings (599.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.00 cr) and profit (262.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 25.48 and average Dividend Yield of 28.91%.
  2. The stock has a low average ROCE of 12.33%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 65.33, which may not be favorable.

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 Gujarat Industries Power Co Ltd. 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