Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 13 June, 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
Port & Port ServicesPipavav 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

Basic Stock Data of Gujarat Pipavav Port Ltd

Last Updated: June 12, 2024, 10:42 pm

Market Cap 9,642 Cr.
Current Price 199
High / Low225/112
Stock P/E24.6
Book Value 43.3
Dividend Yield3.05 %
ROCE24.8 %
ROE18.8 %
Face Value 10.0
PEG Ratio5.24

Gujarat Pipavav Port Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales198193160195169220207227249235215253270
Expenses88787286829295106109105109102110
Operating Profit1101168810987128112121140130106151159
OPM %55%60%55%56%51%58%54%53%56%55%49%60%59%
Other Income89-4-21713-25-111142519
Interest1211112222322
Depreciation33333333323130293028292929
Profit before tax8490507371109779510811189145147
Tax %35%28%35%37%38%34%26%26%26%25%26%26%25%
Net Profit5465324644725871798466108110
EPS in Rs1.121.350.670.940.911.481.191.471.641.741.362.232.28

Last Updated: June 7, 2024, 8:51 am

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
Sales396416518867660683649702735733741917972
Expenses213234261365278262275313289311331414426
Operating Profit182182257502382421374389447422411503546
OPM %46%44%50%58%58%62%58%55%61%58%55%55%56%
Other Income161533-5243337455144261369
Interest85683726000076589
Depreciation5655618397107104113131133129116114
Profit before tax5774192387309347307321359327302392492
Tax %0%0%0%0%38%28%35%36%18%33%36%26%
Net Profit5774192387191250198206292218193292368
EPS in Rs1.351.533.978.013.955.174.114.256.054.524.006.047.61
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:9%
5 Years:17%
3 Years:29%
1 Year:91%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:12%
Last Year:16%

Last Updated: April 17, 2024, 1:33 am

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%44.01%
FIIs22.03%22.04%22.29%22.78%21.48%21.87%22.36%21.90%21.02%20.12%19.81%18.31%
DIIs22.33%21.52%21.37%21.34%20.50%22.11%21.54%22.13%22.66%21.23%20.01%17.38%
Public11.63%12.43%12.33%11.87%14.02%12.00%12.10%11.98%12.32%14.65%16.19%20.31%
No. of Shareholders96,1961,07,7111,13,7541,20,4051,34,9691,42,9311,46,0781,39,8311,40,2581,61,1671,69,2172,15,960

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)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan27,360,0190.52333.3827,360,0192024-06-110%
HDFC Small Cap Fund - Regular Plan9,250,0000.49112.7127,360,0192024-06-11-66.19%
ICICI Prudential Multi Asset Fund4,126,2850.250.2827,360,0192024-06-11-84.92%
ICICI Prudential Infrastructure Fund3,779,8771.3846.0627,360,0192024-06-11-86.18%
ICICI Prudential Bluechip Fund3,090,8760.0937.6627,360,0192024-06-11-88.7%
HDFC Capital Builder Value Fund - Regular Plan2,708,4200.593327,360,0192024-06-11-90.1%
ICICI Prudential ELSS Tax Saver Fund2,623,0490.2931.9627,360,0192024-06-11-90.41%
ICICI Prudential Value Discovery Fund2,135,6110.0826.0227,360,0192024-06-11-92.19%
ICICI Prudential Smallcap Fund2,100,2150.4325.5927,360,0192024-06-11-92.32%
HDFC Equity Savings Fund - Regular Plan2,014,8460.7824.5527,360,0192024-06-11-92.64%

Gujarat Pipavav Port Ltd ROCE Trend

Gujarat Pipavav Port Ltd EPS Trend

Gujarat Pipavav Port Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.076.484.084.596.61
Diluted EPS (Rs.)7.076.484.084.596.61
Cash EPS (Rs.)9.278.446.677.208.69
Book Value[Excl.RevalReserv]/Share (Rs.)47.8547.8046.4146.3247.33
Book Value[Incl.RevalReserv]/Share (Rs.)47.8547.8046.4146.3247.33
Revenue From Operations / Share (Rs.)20.4518.9715.3815.1715.21
PBDIT / Share (Rs.)13.4011.449.139.5710.21
PBIT / Share (Rs.)11.019.046.456.817.49
PBT / Share (Rs.)9.728.116.266.687.34
Net Profit / Share (Rs.)6.886.044.004.445.97
NP After MI And SOA / Share (Rs.)7.076.484.084.596.61
PBDIT Margin (%)65.5560.3259.3363.0567.13
PBIT Margin (%)53.8547.6541.9444.8649.25
PBT Margin (%)47.5542.7340.6844.0048.25
Net Profit Margin (%)33.6431.8225.9829.2539.24
NP After MI And SOA Margin (%)34.6034.1526.5330.2643.43
Return on Networth / Equity (%)14.7813.558.799.9113.96
Return on Capital Employeed (%)20.7516.9312.5713.5514.82
Return On Assets (%)11.6410.917.228.3712.15
Asset Turnover Ratio (%)0.340.340.280.280.29
Current Ratio (X)3.043.643.713.593.86
Quick Ratio (X)3.023.613.673.553.82
Dividend Payout Ratio (NP) (%)0.0078.7397.99121.9759.02
Dividend Payout Ratio (CP) (%)0.0057.4359.2076.1741.81
Earning Retention Ratio (%)0.0021.272.01-21.9740.98
Cash Earning Retention Ratio (%)0.0042.5740.8023.8358.19
Interest Coverage Ratio (X)69.5269.5392.5673.3066.93
Interest Coverage Ratio (Post Tax) (X)42.3742.3542.5135.0140.13
Enterprise Value (Cr.)9230.954732.452844.953968.832270.47
EV / Net Operating Revenue (X)9.345.163.835.413.09
EV / EBITDA (X)14.258.566.458.584.60
MarketCap / Net Operating Revenue (X)10.406.144.986.403.97
Retention Ratios (%)0.0021.262.00-21.9740.97
Price / BV (X)4.442.441.652.101.28
Price / Net Operating Revenue (X)10.406.144.986.403.97
EarningsYield0.030.050.050.040.10

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

Fair Value: 206.36

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.

Undervalued: 3.70% compared to the current price 199

Intrinsic Value: 216.05

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 8.57% compared to the current price ₹199

Last 5 Year EPS CAGR: 4.69%

*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 (691.46 cr) and profit (297.38 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 23.42, which may not be favorable.

FAQ

What is the latest fair value of Gujarat Pipavav Port Ltd?

The latest fair value of Gujarat Pipavav Port Ltd is ₹206.36.

What is the Market Cap of Gujarat Pipavav Port Ltd?

The Market Cap of Gujarat Pipavav Port Ltd is 9,642 Cr..

What is the current Stock Price of Gujarat Pipavav Port Ltd as on 13 June 2024?

The current stock price of Gujarat Pipavav Port Ltd as on 13 June 2024 is ₹199.

What is the High / Low of Gujarat Pipavav Port Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gujarat Pipavav Port Ltd stocks is 225/112.

What is the Stock P/E of Gujarat Pipavav Port Ltd?

The Stock P/E of Gujarat Pipavav Port Ltd is 24.6.

What is the Book Value of Gujarat Pipavav Port Ltd?

The Book Value of Gujarat Pipavav Port Ltd is 43.3.

What is the Dividend Yield of Gujarat Pipavav Port Ltd?

The Dividend Yield of Gujarat Pipavav Port Ltd is 3.05 %.

What is the ROCE of Gujarat Pipavav Port Ltd?

The ROCE of Gujarat Pipavav Port Ltd is 24.8 %.

What is the ROE of Gujarat Pipavav Port Ltd?

The ROE of Gujarat Pipavav Port Ltd is 18.8 %.

What is the Face Value of Gujarat Pipavav Port Ltd?

The Face Value of Gujarat Pipavav Port Ltd 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 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