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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gujarat State Petronet Ltd

About the Company - Gujarat State Petronet Ltd

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. 2020.02 Cr. and Equity Capital is Rs. 564.21 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Petrochemicals - OthersGSPC Bhavan, Gandhinagar Gujarat 382010investors.gspl@gspc.in
http://www.gspcgroup.com
Management
NamePosition Held
Mr. Raj KumarChairman & Managing Director
Mr. Milind TorawaneJoint Managing Director
Mrs. Mamta VermaNon Executive Director
Ms. Arti KanwarNon Executive Director
Mr. M M SrivastavaNon Executive Director
Prof. Yogesh SinghIndependent Director
Dr. Sudhir Kumar JainIndependent Director
Mr. Bhadresh MehtaIndependent Director
Dr. Bakul DholakiaIndependent Director
Mr. Tapan RayIndependent Director
Mrs. Shridevi ShuklaIndependent Woman Director

Gujarat State Petronet Ltd. Share Price Update

Share PriceValue
Today₹343.05
Previous Day₹352.30

Basic Stock Data of Gujarat State Petronet Ltd

Market Cap 20,932 Cr.
Current Price 371
High / Low407/254
Stock P/E13.4
Book Value 176
Dividend Yield1.33 %
ROCE26.6 %
ROE18.9 %
Face Value 10.0

Data Source: screener.in

Gujarat State Petronet Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,9803,2833,7673,4254,0855,4904,9905,5364,3123,9984,2704,1084,265
Expenses1,8622,2632,8652,3243,2804,9074,0004,5633,3293,1493,4253,3873,351
Operating Profit1,1181,0199021,101805583990974983849845721914
OPM %38%31%24%32%20%11%20%18%23%21%20%18%21%
Other Income37374645456711542442454055
Interest63524135272524212015131514
Depreciation136137137139143146151151155158157161165
Profit before tax957867770972680479826855833718719586789
Tax %25%25%25%25%25%27%23%24%25%26%24%26%25%
Net Profit716650578728513351639648621530543434590
EPS in Rs8.848.347.399.037.065.227.728.397.736.376.615.948.06

Gujarat State Petronet Ltd Quarterly Chart

Gujarat State Petronet Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1231,1731,0511,0659925,9017,2619,34512,24411,53517,99118,11716,642
Expenses901011221361264,2605,2176,8059,0277,96114,49114,43713,313
Operating Profit1,0341,0729299288661,6422,0442,5403,2173,5743,5003,6803,329
OPM %92%91%88%87%87%28%28%27%26%31%19%20%20%
Other Income4566574294118122135108130148136182
Interest130126142118802782424273692271127058
Depreciation182186184189183436447468518542579621641
Profit before tax7668266606646971,0461,4771,7802,4382,9362,9573,1252,812
Tax %32%35%36%38%33%31%35%33%7%25%25%25%
Net Profit5455384174884657189581,1902,2792,1922,2312,3422,097
EPS in Rs9.689.567.398.648.269.8413.1517.7130.6528.4829.0429.0926.98
Dividend Payout %10%10%14%14%18%15%13%11%7%7%7%17%

Gujarat State Petronet Ltd Profit & Loss Yearly Chart

Gujarat State Petronet Ltd Growth

Compounded Sales Growth
10 Years:31%
5 Years:20%
3 Years:14%
TTM:-18%
Compounded Profit Growth
10 Years:12%
5 Years:17%
3 Years:-2%
TTM:-8%
Stock Price CAGR
10 Years:21%
5 Years:18%
3 Years:22%
1 Year:44%
Return on Equity
10 Years:22%
5 Years:27%
3 Years:23%
Last Year:19%

Gujarat State Petronet Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital563563563563563564564564564564564564564
Reserves1,9982,4722,8233,2173,4233,9621,8652,7314,3205,8277,3558,8859,392
Borrowings1,3961,6101,4291,1571,0672,9895,3864,5793,6292,003713149145
Other Liabilities6167658119317854,2934,1484,5874,8375,7756,6627,7187,863
Total Liabilities4,5735,4105,6255,8685,83811,80811,96312,46113,35014,16915,29417,31617,965
Fixed Assets3,1403,2543,2053,1693,1238,0698,2088,8979,2569,4979,94610,48110,568
CWIP4436148049497681,1921,3749088079531,2451,4091,715
Investments1711975436337234695906961,0231,4571,6701,6211,885
Other Assets8201,3451,0731,1171,2242,0791,7901,9602,2642,2622,4333,8053,796
Total Assets4,5735,4105,6255,8685,83811,80811,96312,46113,35014,16915,29417,31617,965

Gujarat State Petronet Ltd Reserves and Borrowings Chart

Gujarat State Petronet Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 7956926446266031,6441,6692,0442,7712,8972,7483,340
Cash from Investing Activity -392-367-708-201-321-835-3,593-612-806-1,080-1,359-1,815
Cash from Financing Activity -30351-338-438-297-8792,013-1,382-1,494-2,096-1,659-805
Net Cash Flow99376-402-13-15-708950471-279-271720

Gujarat State Petronet Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days267986525628252720302123
Inventory Days
Days Payable
Cash Conversion Cycle267986525628252720302123
Working Capital Days-127-65-91-84-57-60-113-75-61-28-19-25
ROCE %24%22%17%16%15%19%20%25%30%31%28%27%

Gujarat State Petronet Ltd Financial Efficiency Indicators Chart

Gujarat State Petronet Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%37.63%
FIIs17.16%17.46%17.47%16.61%16.21%16.54%17.31%17.28%16.72%16.55%16.00%16.03%
DIIs19.05%19.05%20.03%21.61%22.25%21.78%24.19%24.27%24.88%25.20%25.17%24.77%
Government10.98%10.98%10.98%10.98%10.98%10.98%2.01%2.01%2.01%2.01%2.01%2.01%
Public15.18%14.88%13.89%13.17%12.93%13.07%18.85%18.82%18.75%18.62%19.19%19.56%
No. of Shareholders1,33,7781,39,4091,54,5261,54,1251,55,4571,58,0301,64,8301,63,6881,59,9841,59,4011,68,2961,73,763

Gujarat State Petronet Ltd Shareholding Pattern Chart

No. of Gujarat State Petronet Ltd Shareholders

Gujarat State Petronet Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Mirae Asset Emerging Bluechip Fund187312031.78501.06
Mirae Asset Tax Saver Fund123389911.88330.07
Mirae Asset Midcap Fund82481351.87220.64
Mirae Asset Focused Fund75320432.32201.48
Kotak Equity Opportunities Fund - Regular Plan68000001.19181.9
Sundaram Mid Cap Fund51750001.63138.43
Sundaram Mid Cap Fund - Institutional Plan51750001.63138.43
SBI Small Cap Fund44068800.56117.88
DSP Tax Saver Fund37832890.87101.2
Kotak Balanced Advantage Fund37048690.6799.11

Gujarat State Petronet Ltd ROCE Trend

Gujarat State Petronet Ltd EPS Trend

Gujarat State Petronet Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)29.0929.0428.4830.6617.71
Diluted EPS (Rs.)29.0929.0428.4830.6517.70
Cash EPS (Rs.)52.4648.8547.7849.6929.14
Book Value[Excl.RevalReserv]/Share (Rs.)224.89186.41149.92113.5476.35
Book Value[Incl.RevalReserv]/Share (Rs.)224.89186.41149.92113.5476.35
Revenue From Operations / Share (Rs.)321.10318.87204.45217.05165.70
PBDIT / Share (Rs.)67.5763.9164.9759.0447.49
PBIT / Share (Rs.)56.5853.6455.3649.8639.19
PBT / Share (Rs.)55.3351.4451.3543.3231.31
Net Profit / Share (Rs.)41.4638.5838.1740.5020.84
NP After MI And SOA / Share (Rs.)29.0929.0428.4830.6517.71
PBDIT Margin (%)21.0420.0431.7727.2028.66
PBIT Margin (%)17.6116.8227.0722.9723.65
PBT Margin (%)17.2316.1325.1119.9518.89
Net Profit Margin (%)12.9112.1018.6718.6612.57
NP After MI And SOA Margin (%)9.069.1013.9214.1210.68
Return on Networth / Equity (%)17.3720.6825.1435.4030.30
Return on Capital Employeed (%)22.3224.2528.2327.4523.33
Return On Assets (%)9.4710.7111.3412.958.01
Long Term Debt / Equity (X)0.000.040.170.481.02
Total Debt / Equity (X)0.000.070.230.481.02
Asset Turnover Ratio (%)0.130.170.180.210.17
Current Ratio (X)1.040.630.570.590.51
Quick Ratio (X)0.940.540.510.540.45
Dividend Payout Ratio (NP) (%)6.876.887.026.529.88
Dividend Payout Ratio (CP) (%)4.985.085.255.026.72
Earning Retention Ratio (%)93.1393.1292.9893.4890.12
Cash Earning Retention Ratio (%)95.0294.9294.7594.9893.28
Interest Coverage Ratio (X)54.3832.2616.189.036.27
Interest Coverage Ratio (Post Tax) (X)34.3720.5810.517.193.80
Enterprise Value (Cr.)16793.0217718.0018595.8112868.1414587.14
EV / Net Operating Revenue (X)0.920.981.611.051.56
EV / EBITDA (X)4.404.915.073.865.45
MarketCap / Net Operating Revenue (X)0.820.811.340.791.14
Retention Ratios (%)93.1293.1192.9793.4790.11
Price / BV (X)1.581.852.412.003.24
Price / Net Operating Revenue (X)0.820.811.340.791.14
EarningsYield0.100.110.100.170.09

Gujarat State Petronet Ltd Profitability Ratios (%)

Gujarat State Petronet Ltd Liquidity Ratios

Gujarat State Petronet Ltd Liquidity Ratios (%)

Gujarat State Petronet Ltd Interest Coverage Ratios (%)

Gujarat State Petronet Ltd Valuation Ratios

Fair Value of Gujarat State Petronet Ltd Stock

Fair Value: ₹451.67

The stock is undervalued by 21.74% compared to the current price ₹371

*Investments are subject to market risks

Strength and Weakness of Gujarat State Petronet Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 22.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -67.08, which is a positive sign.
  3. The company has higher reserves (4,482.31 cr) compared to borrowings (2,019.38 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (83.92 cr) and profit (279.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 50.93 and average Dividend Yield of 21.62%.
  2. The stock has a high average Cash Conversion Cycle of 39.42, 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 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