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Last Updated: April 2, 2026, 3:01 am
Author: Getaka|Social: XLinkedIn

Gujarat State Petronet Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹215.85Fairly Valued by 7.76%vs CMP ₹234.00

P/E (12.6) × ROE (9.9%) × BV (₹212.00) × DY (2.13%)

₹294.39Undervalued by 25.81%vs CMP ₹234.00
MoS: +20.5% (Adequate)Confidence: 53/100 (Moderate)Models: 6 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹197.5522%Over (-15.6%)
Graham NumberEarnings₹298.2616%Under (+27.5%)
Earnings PowerEarnings₹310.0113%Under (+32.5%)
DCFCash Flow₹274.1113%Under (+17.1%)
Net Asset ValueAssets₹211.307%Fair (-9.7%)
EV/EBITDAEnterprise₹473.039%Under (+102.1%)
Earnings YieldEarnings₹186.507%Over (-20.3%)
ROCE CapitalReturns₹502.909%Under (+114.9%)
Revenue MultipleRevenue₹307.365%Under (+31.4%)
Consensus (9 models)₹294.39100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -8.5%

*Investments are subject to market risks

Investment Snapshot

49
Gujarat State Petronet Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 15.2% GoodROE 9.9% AverageD/E 0.23 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.74% (6mo) Slight increaseDII holding down 0.71% MF sellingPromoter holding at 37.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 18% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -7% YoY DecliningProfit (4Q): -19% YoY Declining
Industry Rank40/100 · Moderate
P/E 12.6 vs industry 13.9 In-lineROCE 15.2% vs industry 16.2% Average3Y sales CAGR: -1% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Gujarat State Petronet Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 12.6 vs Ind 13.9 | ROCE 15.2% | ROE 9.9% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.23x | IntCov 0.0x | Current 0.57x | Borrow/Reserve 0.01x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹1,637 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.02 pp | DII -0.13 pp | Prom 0.00 pp
Business Momentum
-2
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -3.1% | Q NP -2.6% | Q OPM +1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+25.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.01xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.02 ppLatest FII% minus previous FII%
DII Change-0.13 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-6,072Latest shareholder count minus previous count
Quarterly Sales Change-3.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-2.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:01 am

Market Cap 13,224 Cr.
Current Price 234
Intrinsic Value₹294.39
High / Low 361/226
Stock P/E12.6
Book Value 212
Dividend Yield2.13 %
ROCE15.2 %
ROE9.89 %
Face Value 10.0
PEG Ratio-1.49

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

View Share Price Target for Gujarat State Petronet Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Gujarat State Petronet Ltd 13,224 Cr. 234 361/22612.6 2122.13 %15.2 %9.89 % 10.0
Gujarat Gas Ltd 21,423 Cr. 311 509/30318.4 1261.87 %19.5 %14.2 % 2.00
GAIL (India) Ltd 92,492 Cr. 141 203/13410.8 1345.33 %14.0 %13.1 % 10.0
Industry Average42,379.67 Cr228.6713.93157.333.11%16.23%12.40%7.33

All Competitor Stocks of Gujarat State Petronet Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3,9984,2704,1084,2654,3894,5324,7273,9924,3604,2914,1074,0083,885
Expenses 3,1493,4333,3943,3513,6083,5703,9053,3043,8083,7233,3893,3993,273
Operating Profit 849837715914781962822688553567718609612
OPM % 21%20%17%21%18%21%17%17%13%13%17%15%16%
Other Income 424540555611469769610910111496
Interest 15681488881011889
Depreciation 158157161165168169171179179179184188189
Profit before tax 718719586789661899712577460486626527510
Tax % 26%24%26%25%25%26%26%27%27%27%26%26%26%
Net Profit 530543434590496663527423335352465389379
EPS in Rs 6.376.615.948.067.008.426.654.994.153.905.584.624.55

Last Updated: February 5, 2026, 6:38 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 8:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0511,0659925,9017,2619,34512,24411,53517,99118,11717,29517,37016,290
Expenses 1221361264,2605,2176,8059,0277,96114,49114,43713,88714,72013,784
Operating Profit 9299288661,6422,0442,5403,2173,5743,5003,6803,4072,6502,506
OPM % 88%87%87%28%28%27%26%31%19%20%20%15%15%
Other Income 574294118122135108130148136248350419
Interest 1421188027824242736922711270565737
Depreciation 184189183436447468518542579621664709740
Profit before tax 6606646971,0461,4771,7802,4382,9362,9573,1252,9352,2342,149
Tax % 36%38%33%31%35%33%7%25%25%25%26%27%
Net Profit 4174884657189581,1902,2792,1922,2312,3422,1841,6371,585
EPS in Rs 7.398.648.269.8413.1517.7130.6528.4829.0429.0929.4119.6918.65
Dividend Payout % 14%14%18%15%13%11%7%7%7%17%17%25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)17.03%-4.71%54.41%33.43%24.22%91.51%-3.82%1.78%4.98%-6.75%-25.05%
Change in YoY Net Profit Growth (%)0.00%-21.74%59.12%-20.98%-9.21%67.30%-95.33%5.60%3.20%-11.72%-18.30%

Gujarat State Petronet Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:32%
5 Years:7%
3 Years:-1%
TTM:-7%
Compounded Profit Growth
10 Years:8%
5 Years:-8%
3 Years:-12%
TTM:-37%
Stock Price CAGR
10 Years:10%
5 Years:9%
3 Years:9%
1 Year:-34%
Return on Equity
10 Years:20%
5 Years:18%
3 Years:15%
Last Year:10%

Last Updated: September 5, 2025, 5:40 am

Balance Sheet

Last Updated: December 10, 2025, 2:46 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 563563563564564564564564564564564564564
Reserves 2,8233,2173,4233,9621,8652,7314,3205,8277,3558,88510,26111,08211,377
Borrowings 1,4291,1571,0672,9895,3864,5793,6292,003713149140138140
Other Liabilities 8119317854,2934,1484,5874,8375,7756,6627,7188,0919,0239,843
Total Liabilities 5,6255,8685,83811,80811,96312,46113,35014,16915,29417,31619,05620,80721,923
Fixed Assets 3,2053,1693,1238,0698,2088,8979,2569,4979,94610,48110,77911,69511,636
CWIP 8049497681,1921,3749088079531,2451,4091,6801,1211,134
Investments 5436337234695906961,0231,4571,6701,6211,8891,7921,772
Other Assets 1,0731,1171,2242,0791,7901,9602,2642,2622,4333,8054,7086,1987,381
Total Assets 5,6255,8685,83811,80811,96312,46113,35014,16915,29417,31619,05620,80721,923

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6446266031,6441,6692,0442,7712,8972,7483,3402,8032,741
Cash from Investing Activity + -708-201-321-835-3,593-612-806-1,080-1,359-1,815-2,142-2,754
Cash from Financing Activity + -338-438-297-8792,013-1,382-1,494-2,096-1,659-805-547-544
Net Cash Flow -402-13-15-708950471-279-271720114-556
Free Cash Flow 2823264261,0599241,2902,0682,0411,4562,0621,5501,765
CFO/OP 92%91%93%117%102%95%104%101%100%111%102%123%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow928.00927.00865.00-1.00-3.00-2.000.001.00-710.00-146.00-137.00-136.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 865256282527203021232424
Inventory Days
Days Payable
Cash Conversion Cycle 865256282527203021232424
Working Capital Days -91-84-57-61-113-75-61-55-23-25-9-5
ROCE %17%16%15%19%20%25%30%31%28%27%21%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%
FIIs 16.72%16.55%16.00%16.03%15.67%15.84%15.21%14.67%14.75%15.11%15.47%15.49%
DIIs 24.88%25.20%25.17%24.77%24.74%23.57%24.87%25.80%25.79%25.70%25.21%25.08%
Government 2.01%2.01%2.01%2.01%2.01%2.01%10.00%2.02%2.01%2.01%2.01%2.13%
Public 18.75%18.62%19.19%19.56%19.95%20.95%12.29%19.89%19.82%19.55%19.68%19.68%
No. of Shareholders 1,59,9841,59,4011,68,2961,73,7631,80,7652,39,9482,18,8032,07,3552,08,4461,99,5011,95,9241,89,852

Shareholding Pattern Chart

No. of Shareholders

Gujarat State Petronet Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Energy Opportunities Fund 17,297,194 6.12 526.8717,268,0322026-02-22 00:39:050.17%
Mirae Asset Large & Midcap Fund 16,261,673 1.17 495.33N/AN/AN/A
ICICI Prudential Value Fund 9,668,656 0.49 294.51N/AN/AN/A
Mirae Asset ELSS Tax Saver Fund 9,363,195 1.09 285.29,088,6472026-02-22 00:39:053.02%
ICICI Prudential India Opportunities Fund 7,778,969 0.67 236.95N/AN/AN/A
ICICI Prudential Energy Opportunities Fund 6,113,136 1.88 186.216,099,0992026-02-22 00:39:050.23%
Mirae Asset Midcap Fund 5,437,845 0.94 165.645,425,4242026-02-22 00:39:050.23%
Mirae Asset Focused Fund 5,077,011 2.13 154.657,532,0432025-12-07 09:13:14-32.59%
ICICI Prudential Smallcap Fund 4,920,000 1.84 149.865,049,6152026-01-26 08:54:41-2.57%
SBI ELSS Tax Saver Fund 4,676,293 0.45 142.44N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 29.0229.4129.0929.0428.48
Diluted EPS (Rs.) 29.0229.4129.0929.0428.48
Cash EPS (Rs.) 42.6650.3752.4648.8547.78
Book Value[Excl.RevalReserv]/Share (Rs.) 206.41191.86224.89186.41149.92
Book Value[Incl.RevalReserv]/Share (Rs.) 206.41191.86224.89186.41149.92
Revenue From Operations / Share (Rs.) 307.87306.53321.10318.87204.45
PBDIT / Share (Rs.) 53.9063.2667.5763.9164.97
PBIT / Share (Rs.) 41.3351.5056.5853.6455.36
PBT / Share (Rs.) 40.6751.9255.3351.4451.35
Net Profit / Share (Rs.) 30.0938.6141.4638.5838.17
NP After MI And SOA / Share (Rs.) 19.6929.4129.0929.0428.48
PBDIT Margin (%) 17.5020.6321.0420.0431.77
PBIT Margin (%) 13.4216.8017.6116.8227.07
PBT Margin (%) 13.2116.9317.2316.1325.11
Net Profit Margin (%) 9.7712.5912.9112.1018.67
NP After MI And SOA Margin (%) 6.399.599.069.1013.92
Return on Networth / Equity (%) 9.5415.3317.3720.6825.14
Return on Capital Employeed (%) 13.4918.1222.3224.2528.23
Return On Assets (%) 5.338.709.4710.7111.34
Long Term Debt / Equity (X) 0.000.000.000.040.17
Total Debt / Equity (X) 0.000.000.000.070.23
Asset Turnover Ratio (%) 0.870.950.130.170.18
Current Ratio (X) 1.581.331.040.630.57
Quick Ratio (X) 1.491.240.940.540.51
Inventory Turnover Ratio (X) 59.0444.750.000.000.00
Dividend Payout Ratio (NP) (%) 25.3916.996.876.887.02
Dividend Payout Ratio (CP) (%) 15.5012.144.985.085.25
Earning Retention Ratio (%) 74.6183.0193.1393.1292.98
Cash Earning Retention Ratio (%) 84.5087.8695.0294.9294.75
Interest Coverage Ratio (X) 81.38111.2654.3832.2616.18
Interest Coverage Ratio (Post Tax) (X) 46.4467.1634.3720.5810.51
Enterprise Value (Cr.) 18097.0522255.4216793.0217718.0018595.81
EV / Net Operating Revenue (X) 1.041.290.920.981.61
EV / EBITDA (X) 5.956.234.404.915.07
MarketCap / Net Operating Revenue (X) 0.941.160.820.811.34
Retention Ratios (%) 74.6083.0093.1293.1192.97
Price / BV (X) 1.411.861.581.852.41
Price / Net Operating Revenue (X) 0.941.160.820.811.34
EarningsYield 0.060.080.100.110.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Gujarat State Petronet Ltd. is a Public Limited Listed company incorporated on 23/12/1998 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L40200GJ1998SGC035188 and registration number is 035188. Currently Company is involved in the business activities of T ransport via pipeline. Company's Total Operating Revenue is Rs. 1110.79 Cr. and Equity Capital is Rs. 564.21 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Gas Transmission/MarketingGSPC Bhavan, Gandhinagar Gujarat 382010Contact not found
Management
NamePosition Held
Mr. Pankaj JoshiChairman & Managing Director
Mr. Milind TorawaneJoint Managing Director
Ms. Arti KanwarDirector
Mr. M K DasDirector
Prof. Rishikesha T KrishnanIndependent Director
Dr. Sudhir Kumar JainIndependent Director
Mr. Bhadresh MehtaIndependent Director
Mr. Tapan RayIndependent Director
Ms. Vanaja N SarnaIndependent Woman Director

FAQ

What is the intrinsic value of Gujarat State Petronet Ltd and is it undervalued?

As of 05 April 2026, Gujarat State Petronet Ltd's intrinsic value is ₹294.39, which is 25.81% higher than the current market price of ₹234.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (9.89 %), book value (₹212), dividend yield (2.13 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gujarat State Petronet Ltd?

Gujarat State Petronet Ltd is trading at ₹234.00 as of 05 April 2026, with a FY2026-2027 high of ₹361 and low of ₹226. The stock is currently near its 52-week low. Market cap stands at ₹13,224 Cr..

How does Gujarat State Petronet Ltd's P/E ratio compare to its industry?

Gujarat State Petronet Ltd has a P/E ratio of 12.6, which is below the industry average of 13.93. This is broadly in line with or below the industry average.

Is Gujarat State Petronet Ltd financially healthy?

Key indicators for Gujarat State Petronet Ltd: ROCE of 15.2 % indicates efficient capital utilization. Dividend yield is 2.13 %.

Is Gujarat State Petronet Ltd profitable and how is the profit trend?

Gujarat State Petronet Ltd reported a net profit of ₹1,637 Cr in Mar 2025 on revenue of ₹17,370 Cr. Compared to ₹2,231 Cr in Mar 2022, the net profit shows a declining trend.

Does Gujarat State Petronet Ltd pay dividends?

Gujarat State Petronet Ltd has a dividend yield of 2.13 % at the current price of ₹234.00. This is a relatively attractive yield for income-seeking investors.

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 State Petronet 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
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