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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gujarat Pipavav Port Ltd

About the Company - Gujarat Pipavav Port Ltd

Gujarat Pipavav Port Ltd. is a Public Limited Listed company incorporated on 05/08/1992 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L63010GJ1992PLC018106 and registration number is 018106. Currently Company is involved in the business activities of Cargo handling incidental to water transport. Company’s Total Operating Revenue is Rs. 743.54 Cr. and Equity Capital is Rs. 483.44 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ship - Docks/Breaking/RepairsPipavav Port, Amreli Dist. Gujarat 365560investorrelationinppv@apmterminals.com
http://www.pipavav.com
Management
NamePosition Held
Mr. Tejpreet Singh ChopraChairman
Mr. Girish AggarwalManaging Director
Ms. Monica WidhaniDirector
Mr. Samir ChaturvediDirector
Mr. Soren BrandtDirector
Mr. Timothy SmithDirector
Mr. Matangi GowrishankarDirector
Ms. Hina ShahDirector
Mr. Jonathan Richard GoldnerDirector
Mr. Julian BevisDirector
Mr. Keld PedersenDirector
Mr. Maarten DegryseDirector
Mr. Ranjitsinh BaradNominee Director

Gujarat Pipavav Port Ltd. Share Price Update

Share PriceValue
Today₹173.75
Previous Day₹170.75

Basic Stock Data of Gujarat Pipavav Port Ltd

Market Cap 9,937 Cr.
Current Price 206
High / Low216/97.6
Stock P/E26.7
Book Value 43.2
Dividend Yield2.94 %
ROCE20.6 %
ROE15.5 %
Face Value 10.0

Data Source: screener.in

Gujarat Pipavav Port Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales183198193160195169220207227249235215253
Expenses8088787286829295106109105109102
Operating Profit1031101168810987128112121140130106151
OPM %56%55%60%55%56%51%58%54%53%56%55%49%60%
Other Income1389-4-21713-25-1111425
Interest2121111222232
Depreciation34333333333231302930282929
Profit before tax818490507371109779510811189145
Tax %35%35%28%35%37%38%34%26%26%26%25%26%26%
Net Profit525465324644725871798466108
EPS in Rs1.081.121.350.670.940.911.481.191.471.641.741.362.23

Gujarat Pipavav Port Ltd Quarterly Chart

Gujarat Pipavav Port Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales396416518867660683649702735733741917952
Expenses213234261365278262275313289311331414425
Operating Profit182182257502382421374389447422411503527
OPM %46%44%50%58%58%62%58%55%61%58%55%55%55%
Other Income161533-5243337455144261349
Interest85683726000076589
Depreciation5655618397107104113131133129116115
Profit before tax5774192387309347307321359327302392453
Tax %0%0%0%0%38%28%35%36%18%33%36%26%
Net Profit5774192387191250198206292218193292337
EPS in Rs1.351.533.978.013.955.174.114.256.054.524.006.046.97
Dividend Payout %0%0%0%0%48%74%83%82%93%100%100%101%

Gujarat Pipavav Port Ltd Profit & Loss Yearly Chart

Gujarat Pipavav Port Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:7%
3 Years:8%
TTM:8%
Compounded Profit Growth
10 Years:16%
5 Years:10%
3 Years:3%
TTM:24%
Stock Price CAGR
10 Years:11%
5 Years:21%
3 Years:29%
1 Year:105%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:12%
Last Year:16%

Gujarat Pipavav Port Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital424483483483483483483483483483483483483
Reserves3697289201,3071,5131,5361,5311,5381,6011,5491,5491,5951,604
Borrowings676321304000005847477988
Other Liabilities115131159200282331296348282363442479519
Total Liabilities1,5841,6631,8671,9912,2792,3512,3102,3692,4262,4422,5222,6372,694
Fixed Assets1,2701,2461,3581,3391,3421,6761,6861,5901,5831,4671,4081,3631,389
CWIP915810665392923245653499558
Investments83838383838383838383838383
Other Assets2221773205034624995096517548399821,0961,164
Total Assets1,5841,6631,8671,9912,2792,3512,3102,3692,4262,4422,5222,6372,694

Gujarat Pipavav Port Ltd Reserves and Borrowings Chart

Gujarat Pipavav Port Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 61262290444389402315296340384380370
Cash from Investing Activity -1-163-176-207-285-241-129-122-81-101-166-82
Cash from Financing Activity -214-89-54-332-0-227-204-198-250-296-220-273
Net Cash Flow-1541160-95104-66-18-258-13-615

Gujarat Pipavav Port Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days303424151615142623242634
Inventory Days
Days Payable
Cash Conversion Cycle303424151615142623242634
Working Capital Days-15-43-60-31-93-101-91-69-49-64-73-45
ROCE %10%10%13%26%17%17%15%16%18%16%15%21%

Gujarat Pipavav Port Ltd Financial Efficiency Indicators Chart

Gujarat Pipavav Port Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%
FIIs19.61%21.38%22.03%22.04%22.29%22.78%21.48%21.87%22.36%21.90%21.02%20.12%
DIIs25.60%24.12%22.33%21.52%21.37%21.34%20.50%22.11%21.54%22.13%22.66%21.23%
Public10.79%10.50%11.63%12.43%12.33%11.87%14.02%12.00%12.10%11.98%12.32%14.65%
No. of Shareholders59,16471,75796,1961,07,7111,13,7541,20,4051,34,9691,42,9311,46,0781,39,8311,40,2581,61,167

Gujarat Pipavav Port Ltd Shareholding Pattern Chart

No. of Gujarat Pipavav Port Ltd Shareholders

Gujarat Pipavav Port Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Balanced Advantage Fund - Regular Plan273600190.52333.38
HDFC Small Cap Fund - Regular Plan92500000.49112.71
ICICI Prudential Multi Asset Fund41262850.250.28
ICICI Prudential Infrastructure Fund37798771.3846.06
ICICI Prudential Bluechip Fund30908760.0937.66
HDFC Capital Builder Value Fund - Regular Plan27084200.5933
ICICI Prudential ELSS Tax Saver Fund26230490.2931.96
ICICI Prudential Value Discovery Fund21356110.0826.02
ICICI Prudential Smallcap Fund21002150.4325.59
HDFC Equity Savings Fund - Regular Plan20148460.7824.55

Gujarat Pipavav Port Ltd ROCE Trend

Gujarat Pipavav Port Ltd EPS Trend

Gujarat Pipavav Port Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.484.084.596.614.88
Diluted EPS (Rs.)6.484.084.596.614.88
Cash EPS (Rs.)8.446.677.208.696.59
Book Value[Excl.RevalReserv]/Share (Rs.)47.8046.4146.3247.3345.45
Book Value[Incl.RevalReserv]/Share (Rs.)47.8046.4146.3247.3345.45
Revenue From Operations / Share (Rs.)18.9715.3815.1715.2114.52
PBDIT / Share (Rs.)11.449.139.5710.218.98
PBIT / Share (Rs.)9.046.456.817.496.64
PBT / Share (Rs.)8.116.266.687.346.64
Net Profit / Share (Rs.)6.044.004.445.974.25
NP After MI And SOA / Share (Rs.)6.484.084.596.614.89
PBDIT Margin (%)60.3259.3363.0567.1361.84
PBIT Margin (%)47.6541.9444.8649.2545.76
PBT Margin (%)42.7340.6844.0048.2545.71
Net Profit Margin (%)31.8225.9829.2539.2429.29
NP After MI And SOA Margin (%)34.1526.5330.2643.4333.71
Return on Networth / Equity (%)13.558.799.9113.9610.77
Return on Capital Employeed (%)16.9312.5713.5514.8213.87
Return On Assets (%)10.917.228.3712.159.29
Asset Turnover Ratio (%)0.340.280.280.290.29
Current Ratio (X)3.643.713.593.862.74
Quick Ratio (X)3.613.673.553.822.71
Dividend Payout Ratio (NP) (%)78.7397.99121.9759.0269.44
Dividend Payout Ratio (CP) (%)57.4359.2076.1741.8147.02
Earning Retention Ratio (%)21.272.01-21.9740.9830.56
Cash Earning Retention Ratio (%)42.5740.8023.8358.1952.98
Interest Coverage Ratio (X)69.5392.5673.3066.931189.34
Interest Coverage Ratio (Post Tax) (X)42.3542.5135.0140.13564.36
Enterprise Value (Cr.)4732.452844.953968.832270.474283.77
EV / Net Operating Revenue (X)5.163.835.413.096.10
EV / EBITDA (X)8.566.458.584.609.87
MarketCap / Net Operating Revenue (X)6.144.986.403.976.86
Retention Ratios (%)21.262.00-21.9740.9730.55
Price / BV (X)2.441.652.101.282.19
Price / Net Operating Revenue (X)6.144.986.403.976.86
EarningsYield0.050.050.040.100.04

Gujarat Pipavav Port Ltd Profitability Ratios (%)

Gujarat Pipavav Port Ltd Liquidity Ratios

Gujarat Pipavav Port Ltd Liquidity Ratios (%)

Gujarat Pipavav Port Ltd Interest Coverage Ratios (%)

Gujarat Pipavav Port Ltd Valuation Ratios

Fair Value of Gujarat Pipavav Port Ltd Stock

Fair Value: ₹184.04

The stock is overvalued by 10.66% compared to the current price ₹206

*Investments are subject to market risks

Strength and Weakness of Gujarat Pipavav Port Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -61.17, which is a positive sign.
  3. The company has higher reserves (1,333.85 cr) compared to borrowings (124.62 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (689.92 cr) and profit (294.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.29 and average Dividend Yield of 45.89%.
  2. The stock has a high average Cash Conversion Cycle of 23.42, 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 Pipavav Port 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