NSEI:GPPL

Stock Analysis Report

Gujarat Pipavav Port

Executive Summary

Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India.


Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.

Share Price & News

How has Gujarat Pipavav Port's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GPPL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.1%

GPPL

-2.4%

IN Infrastructure

-3.0%

IN Market


1 Year Return

-46.6%

GPPL

-36.5%

IN Infrastructure

-29.2%

IN Market

Return vs Industry: GPPL underperformed the Indian Infrastructure industry which returned -36.5% over the past year.

Return vs Market: GPPL underperformed the Indian Market which returned -29.2% over the past year.


Shareholder returns

GPPLIndustryMarket
7 Day-9.1%-2.4%-3.0%
30 Day-27.0%-30.6%-26.9%
90 Day-37.8%-31.8%-28.5%
1 Year-44.1%-46.6%-35.6%-36.5%-27.7%-29.2%
3 Year-64.3%-67.8%-34.3%-36.2%-15.2%-19.9%
5 Year-76.4%-79.2%-30.5%-33.9%-3.1%-8.1%

Price Volatility Vs. Market

How volatile is Gujarat Pipavav Port's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gujarat Pipavav Port undervalued compared to its fair value and its price relative to the market?

42.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GPPL (₹53.15) is trading below our estimate of fair value (₹92.28)

Significantly Below Fair Value: GPPL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GPPL is poor value based on its PE Ratio (8x) compared to the Infrastructure industry average (5.8x).

PE vs Market: GPPL is good value based on its PE Ratio (8x) compared to the Indian market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: GPPL is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: GPPL is overvalued based on its PB Ratio (1.2x) compared to the IN Infrastructure industry average (0.3x).


Next Steps

Future Growth

How is Gujarat Pipavav Port forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPPL's forecast earnings growth (4.9% per year) is below the savings rate (6.5%).

Earnings vs Market: GPPL's earnings (4.9% per year) are forecast to grow slower than the Indian market (19.8% per year).

High Growth Earnings: GPPL's earnings are forecast to grow, but not significantly.

Revenue vs Market: GPPL's revenue (5.6% per year) is forecast to grow slower than the Indian market (9.1% per year).

High Growth Revenue: GPPL's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GPPL's Return on Equity is forecast to be low in 3 years time (13.4%).


Next Steps

Past Performance

How has Gujarat Pipavav Port performed over the past 5 years?

-3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GPPL has high quality earnings.

Growing Profit Margin: GPPL's current net profit margins (42.9%) are higher than last year (33.8%).


Past Earnings Growth Analysis

Earnings Trend: GPPL's earnings have declined by -3.5% per year over the past 5 years.

Accelerating Growth: GPPL's earnings growth over the past year (38.8%) exceeds its 5-year average (-3.5% per year).

Earnings vs Industry: GPPL earnings growth over the past year (38.8%) exceeded the Infrastructure industry 29.8%.


Return on Equity

High ROE: GPPL's Return on Equity (14.5%) is considered low.


Next Steps

Financial Health

How is Gujarat Pipavav Port's financial position?


Financial Position Analysis

Short Term Liabilities: GPPL's short term assets (₹7.0B) exceed its short term liabilities (₹2.2B).

Long Term Liabilities: GPPL's short term assets (₹7.0B) exceed its long term liabilities (₹1.9B).


Debt to Equity History and Analysis

Debt Level: GPPL is debt free.

Reducing Debt: GPPL had no debt 5 years ago.

Debt Coverage: GPPL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GPPL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: GPPL has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GPPL's debt is covered by short term assets.


Next Steps

Dividend

What is Gujarat Pipavav Port's current dividend yield, its reliability and sustainability?

7.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GPPL's dividend (7.9%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).

High Dividend: GPPL's dividend (7.9%) is in the top 25% of dividend payers in the Indian market (4.18%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GPPL has been paying a dividend for less than 10 years.

Growing Dividend: GPPL's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.4%), GPPL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GPPL's dividends in 3 years are forecast to be covered by earnings (86.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Jakob Sorensen

0.17

Tenure

Mr. Jakob Friis Sorensen has been the Managing Director and Director of Gujarat Pipavav Port Limited since January 1, 2020. Mr. Sorensen has been with AP Moller Maersk Group since 1987 when he started at t ...


Leadership Team

NamePositionTenureCompensationOwnership
Santosh Breed
GM of Finance & Accounts and CFO2.33yrs₹9.53m0.000020% 5.1k
Jakob Sorensen
MD & Director0.17yrno datano data
Harsha Mashelkar
Head of Human Resourcesno datano datano data
Manish Agnihotri
Company Secretary & Compliance Officerno datano datano data
Jaspal Bakshi
Head of Information Technology and Communicationsno data₹4.29mno data
Mikito Shirai
Head of Planning and Production Engineering11.67yrsno datano data
Dinesh Lokapure
Head of Bulk & Liquid Business9.83yrsno datano data
Padmini Mishra
Head of Bulkno datano datano data
Ashok Gole
Executive of Marine Operationsno data₹2.88mno data

6.1yrs

Average Tenure

60yo

Average Age

Experienced Management: GPPL's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jakob Sorensen
MD & Director0.17yrno datano data
Pravinbhai Laheri
Independent Non-Executive Director11.58yrs₹1.85mno data
Pradeep Mallick
Independent Non-Executive Director7.5yrs₹1.75mno data
Tejpreet Chopra
Independent Chairman6.75yrs₹2.10mno data
Timothy Smith
Non Independent Non Executive Director0.50yrno datano data
Hina Shah
Independent Non-Executive Director6.67yrs₹1.70mno data
Julian Bevis
Non-Independent Non-Executive Director5.67yrsno datano data
Keld Pedersen
Non-Executive Director4.83yrs₹67.35mno data

6.2yrs

Average Tenure

69yo

Average Age

Experienced Board: GPPL's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gujarat Pipavav Port Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gujarat Pipavav Port Limited
  • Ticker: GPPL
  • Exchange: NSEI
  • Founded: 1992
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: ₹25.695b
  • Shares outstanding: 483.44m
  • Website: https://www.pipavav.com

Number of Employees


Location

  • Gujarat Pipavav Port Limited
  • 301, Trade Centre
  • Bandra Kurla Complex
  • Mumbai
  • Maharashtra
  • 400098
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPPLNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2010
533248BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2010

Biography

Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India. It provides port services, including marine services, berth hire, wharfage, container handling, yard operations, stevedorage, and other services. The company’s port handles container cargo, such as cotton, wood pulp, sesame seeds, cattle feeds, agricultural products, ceramic tiles, soda ash, auto parts, spices, capital goods, scrap, water paper, and electronics; bulk and break bulk cargo, such as coal, cement, clinker, fertilizers, steel, iron ore, and salt; and liquid cargo, including LPG, POL, chemicals, veg oil, bitumen, etc., as well as offers roll-on roll-off services. Gujarat Pipavav Port Limited was incorporated in 1992 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 13:19
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.