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Last Updated on: 25 June, 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
Gas Transmission/MarketingGSPC 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

Basic Stock Data of Gujarat State Petronet Ltd

Last Updated: June 25, 2024, 10:40 pm

Market Cap 16,991 Cr.
Current Price 301
High / Low407/254
Stock P/E10.4
Book Value 192
Dividend Yield1.66 %
ROCE21.3 %
ROE16.1 %
Face Value 10.0
PEG Ratio-4.13

Gujarat State Petronet Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,2833,7673,4254,0855,4904,9905,5364,3123,9984,2704,1084,2654,389
Expenses2,2632,8652,3243,2804,9074,0004,5633,3293,1493,4253,3873,3513,602
Operating Profit1,0199021,101805583990974983849845721914787
OPM %31%24%32%20%11%20%18%23%21%20%18%21%18%
Other Income37464545671154244245405556
Interest52413527252421201513151414
Depreciation137137139143146151151155158157161165168
Profit before tax867770972680479826855833718719586789661
Tax %25%25%25%25%27%23%24%25%26%24%26%25%25%
Net Profit650578728513351639648621530543434590496
EPS in Rs8.347.399.037.065.227.728.397.736.376.615.948.067.00

Last Updated: June 6, 2024, 4:56 am

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:32%
5 Years:13%
3 Years:14%
TTM:-5%
Compounded Profit Growth
10 Years:15%
5 Years:10%
3 Years:0%
TTM:-1%
Stock Price CAGR
10 Years:13%
5 Years:9%
3 Years:-3%
1 Year:1%
Return on Equity
10 Years:21%
5 Years:23%
3 Years:19%
Last Year:16%

Last Updated: June 25, 2024, 5:10 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days798652562825272030212324
Inventory Days8
Days Payable21
Cash Conversion Cycle798652562825272030212311
Working Capital Days-65-91-84-57-60-113-75-61-28-19-25-8
ROCE %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)Previous Number of SharesPrevious DatePercentage Change
Mirae Asset Emerging Bluechip Fund18,731,2031.78501.068,248,1352024-06-24127.1%
Mirae Asset Tax Saver Fund12,338,9911.88330.078,248,1352024-06-2449.6%
Mirae Asset Midcap Fund8,248,1351.87220.648,248,1352024-06-240%
Mirae Asset Focused Fund7,532,0432.32201.488,248,1352024-06-24-8.68%
Kotak Equity Opportunities Fund - Regular Plan6,800,0001.19181.98,248,1352024-06-24-17.56%
Sundaram Mid Cap Fund5,175,0001.63138.438,248,1352024-06-24-37.26%
Sundaram Mid Cap Fund - Institutional Plan5,175,0001.63138.438,248,1352024-06-24-37.26%
SBI Small Cap Fund4,406,8800.56117.888,248,1352024-06-24-46.57%
DSP Tax Saver Fund3,783,2890.87101.28,248,1352024-06-24-54.13%
Kotak Balanced Advantage Fund3,704,8690.6799.118,248,1352024-06-24-55.08%

Gujarat State Petronet Ltd ROCE Trend

Gujarat State Petronet Ltd EPS Trend

Gujarat State Petronet Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)29.4129.0929.0428.4830.66
Diluted EPS (Rs.)29.4129.0929.0428.4830.65
Cash EPS (Rs.)50.3752.4648.8547.7849.69
Book Value[Excl.RevalReserv]/Share (Rs.)254.91224.89186.41149.92113.54
Book Value[Incl.RevalReserv]/Share (Rs.)254.91224.89186.41149.92113.54
Revenue From Operations / Share (Rs.)306.53321.10318.87204.45217.05
PBDIT / Share (Rs.)63.2667.5763.9164.9759.04
PBIT / Share (Rs.)51.5056.5853.6455.3649.86
PBT / Share (Rs.)51.9255.3351.4451.3543.32
Net Profit / Share (Rs.)38.6141.4638.5838.1740.50
NP After MI And SOA / Share (Rs.)29.4129.0929.0428.4830.65
PBDIT Margin (%)20.6321.0420.0431.7727.20
PBIT Margin (%)16.8017.6116.8227.0722.97
PBT Margin (%)16.9317.2316.1325.1119.95
Net Profit Margin (%)12.5912.9112.1018.6718.66
NP After MI And SOA Margin (%)9.599.069.1013.9214.12
Return on Networth / Equity (%)15.3317.3720.6825.1435.40
Return on Capital Employeed (%)18.1222.3224.2528.2327.45
Return On Assets (%)8.709.4710.7111.3412.95
Long Term Debt / Equity (X)0.000.000.040.170.48
Total Debt / Equity (X)0.000.000.070.230.48
Asset Turnover Ratio (%)0.950.130.170.180.21
Current Ratio (X)1.331.040.630.570.59
Quick Ratio (X)1.240.940.540.510.54
Inventory Turnover Ratio (X)44.750.000.000.000.00
Dividend Payout Ratio (NP) (%)0.006.876.887.026.52
Dividend Payout Ratio (CP) (%)0.004.985.085.255.02
Earning Retention Ratio (%)0.0093.1393.1292.9893.48
Cash Earning Retention Ratio (%)0.0095.0294.9294.7594.98
Interest Coverage Ratio (X)111.2654.3832.2616.189.03
Interest Coverage Ratio (Post Tax) (X)67.1634.3720.5810.517.19
Enterprise Value (Cr.)22255.4216793.0217718.0018595.8112868.14
EV / Net Operating Revenue (X)1.290.920.981.611.05
EV / EBITDA (X)6.234.404.915.073.86
MarketCap / Net Operating Revenue (X)1.160.820.811.340.79
Retention Ratios (%)0.0093.1293.1192.9793.47
Price / BV (X)1.861.581.852.412.00
Price / Net Operating Revenue (X)1.160.820.811.340.79
EarningsYield0.080.100.110.100.17

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

Fair Value: 326.82

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: 8.58% compared to the current price 301

Intrinsic Value: 318.59

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: 5.84% compared to the current price ₹301

Last 5 Year EPS CAGR: -2.52%

*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 20.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -57.17, 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 has a high average Cash Conversion Cycle of 38.17, which may not be favorable.

FAQ

What is the latest fair value of Gujarat State Petronet Ltd?

The latest fair value of Gujarat State Petronet Ltd is ₹326.82.

What is the Market Cap of Gujarat State Petronet Ltd?

The Market Cap of Gujarat State Petronet Ltd is 16,991 Cr..

What is the current Stock Price of Gujarat State Petronet Ltd as on 25 June 2024?

The current stock price of Gujarat State Petronet Ltd as on 25 June 2024 is ₹301.

What is the High / Low of Gujarat State Petronet Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gujarat State Petronet Ltd stocks is 407/254.

What is the Stock P/E of Gujarat State Petronet Ltd?

The Stock P/E of Gujarat State Petronet Ltd is 10.4.

What is the Book Value of Gujarat State Petronet Ltd?

The Book Value of Gujarat State Petronet Ltd is 192.

What is the Dividend Yield of Gujarat State Petronet Ltd?

The Dividend Yield of Gujarat State Petronet Ltd is 1.66 %.

What is the ROCE of Gujarat State Petronet Ltd?

The ROCE of Gujarat State Petronet Ltd is 21.3 %.

What is the ROE of Gujarat State Petronet Ltd?

The ROE of Gujarat State Petronet Ltd is 16.1 %.

What is the Face Value of Gujarat State Petronet Ltd?

The Face Value of Gujarat State Petronet 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 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