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Gujarat Pipavav Port

NSEI:GPPL
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GPPL
NSEI
₹45B
Market Cap
  1. Home
  2. IN
  3. Transportation
Company description

Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India. The last earnings update was 256 days ago. More info.


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GPPL Share Price and Events
7 Day Returns
-4.4%
NSEI:GPPL
0.4%
IN Infrastructure
-1.2%
IN Market
1 Year Returns
-34.3%
NSEI:GPPL
-7.9%
IN Infrastructure
-2.5%
IN Market
GPPL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gujarat Pipavav Port (GPPL) -4.4% -5.7% 6.6% -34.3% -45.9% 11.5%
IN Infrastructure 0.4% 7% 0.6% -7.9% 33.1% 71%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • GPPL underperformed the Infrastructure industry which returned -7.9% over the past year.
  • GPPL underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
GPPL
Industry
5yr Volatility vs Market

Value

 Is Gujarat Pipavav Port undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gujarat Pipavav Port to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gujarat Pipavav Port.

NSEI:GPPL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GPPL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.992 (1 + (1- 35%) (0%))
0.994
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.994 * 8.6%)
16.1%

Discounted Cash Flow Calculation for NSEI:GPPL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gujarat Pipavav Port is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:GPPL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.1%)
2019 2,640.60 Analyst x10 2,274.39
2020 2,945.00 Analyst x10 2,184.79
2021 2,855.71 Analyst x7 1,824.74
2022 2,858.82 Est @ 0.11% 1,573.39
2023 2,925.74 Est @ 2.34% 1,386.91
2024 3,039.96 Est @ 3.9% 1,241.20
2025 3,191.88 Est @ 5% 1,122.49
2026 3,375.84 Est @ 5.76% 1,022.54
2027 3,588.50 Est @ 6.3% 936.21
2028 3,828.01 Est @ 6.67% 860.19
Present value of next 10 years cash flows ₹14,426.86
NSEI:GPPL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹3,828.01 × (1 + 7.55%) ÷ (16.1% – 7.55%)
₹48,144.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹48,144.18 ÷ (1 + 16.1%)10
₹10,818.50
NSEI:GPPL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹14,426.86 + ₹10,818.50
₹25,245.36
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹25,245.36 / 483.44
₹52.22
NSEI:GPPL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹52.22
Current discount Discount to share price of ₹93.45
= -1 x (₹93.45 - ₹52.22) / ₹52.22
-79%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Gujarat Pipavav Port is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gujarat Pipavav Port's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gujarat Pipavav Port's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GPPL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹4.57
NSEI:GPPL Share Price ** NSEI (2019-04-23) in INR ₹93.45
India Infrastructure Industry PE Ratio Median Figure of 8 Publicly-Listed Infrastructure Companies 18.34x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gujarat Pipavav Port.

NSEI:GPPL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:GPPL Share Price ÷ EPS (both in INR)

= 93.45 ÷ 4.57

20.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Pipavav Port is overvalued based on earnings compared to the IN Infrastructure industry average.
  • Gujarat Pipavav Port is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Gujarat Pipavav Port's expected growth come at a high price?
Raw Data
NSEI:GPPL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
8.1%per year
Asia Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.29x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:GPPL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.44x ÷ 8.1%

2.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Pipavav Port is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Gujarat Pipavav Port's assets?
Raw Data
NSEI:GPPL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹44.67
NSEI:GPPL Share Price * NSEI (2019-04-23) in INR ₹93.45
India Infrastructure Industry PB Ratio Median Figure of 12 Publicly-Listed Infrastructure Companies 0.64x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
NSEI:GPPL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:GPPL Share Price ÷ Book Value per Share (both in INR)

= 93.45 ÷ 44.67

2.09x

* Primary Listing of Gujarat Pipavav Port.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Pipavav Port is overvalued based on assets compared to the IN Infrastructure industry average.
X
Value checks
We assess Gujarat Pipavav Port's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Gujarat Pipavav Port has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gujarat Pipavav Port expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gujarat Pipavav Port expected to grow at an attractive rate?
  • Gujarat Pipavav Port's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Gujarat Pipavav Port's earnings growth is positive but not above the India market average.
  • Gujarat Pipavav Port's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:GPPL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GPPL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 8.1%
NSEI:GPPL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 8.8%
India Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
India Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GPPL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GPPL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 8,422 4,115 2,769 9
2020-03-31 7,759 3,677 2,461 12
2019-03-31 7,029 3,149 2,130 12
NSEI:GPPL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 6,489 3,146 2,210
2017-03-31 6,831 4,058 2,822
2016-03-31 6,600 3,894 2,275
2015-12-31 7,058 2,537
2015-09-30 7,233 2,897
2015-06-30 7,400 3,261

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gujarat Pipavav Port's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Gujarat Pipavav Port's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GPPL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Gujarat Pipavav Port Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GPPL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 5.81 6.80 4.72 10.00
2020-03-31 5.15 6.00 4.50 14.00
2019-03-31 4.43 4.60 4.30 12.00
NSEI:GPPL Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 4.57
2017-03-31 5.84
2016-03-31 4.71
2015-12-31 5.24
2015-09-30 5.99
2015-06-30 6.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gujarat Pipavav Port is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gujarat Pipavav Port's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gujarat Pipavav Port has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

  • Gujarat Pipavav Port's last earnings update was 256 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gujarat Pipavav Port's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Gujarat Pipavav Port's year on year earnings growth rate was positive over the past 5 years.
  • Gujarat Pipavav Port's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Gujarat Pipavav Port's 1-year earnings growth is negative, it can't be compared to the IN Infrastructure industry average.
Earnings and Revenue History
Gujarat Pipavav Port's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gujarat Pipavav Port Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GPPL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 6,489.00 2,210.14 30.72
2017-03-31 6,831.04 2,822.31 30.22
2016-03-31 6,599.54 2,274.93 31.98
2015-12-31 7,058.05 2,537.10 346.36
2015-09-30 7,232.67 2,897.27 346.36
2015-06-30 7,399.95 3,261.45 346.36
2015-03-31 7,229.41 3,262.58 346.36
2014-12-31 6,266.48 3,203.95
2014-09-30 6,298.52 3,081.39 261.44
2014-06-30 5,906.85 2,729.20 261.44
2014-03-31 5,479.21 2,174.12 261.44
2013-12-31 5,179.35 1,917.65 258.72
2013-09-30 4,972.12 1,506.90 258.98
2013-06-30 4,657.00 1,147.73 258.98
2013-03-31 4,375.54 952.56 258.98
2012-12-31 4,160.33 739.61 258.98
2012-09-30 3,987.17 649.76 -21.38
2012-06-30 4,047.29 700.26 187.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gujarat Pipavav Port has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gujarat Pipavav Port used its assets more efficiently than the IN Infrastructure industry average last year based on Return on Assets.
  • Gujarat Pipavav Port's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gujarat Pipavav Port's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gujarat Pipavav Port has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gujarat Pipavav Port's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gujarat Pipavav Port's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gujarat Pipavav Port is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gujarat Pipavav Port's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gujarat Pipavav Port's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Gujarat Pipavav Port has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gujarat Pipavav Port Company Filings, last reported 1 year ago.

NSEI:GPPL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 21,594.46 0.00 4,303.30
2017-03-31 21,423.21 0.00 3,499.37
2016-03-31 20,870.85 0.00 2,960.52
2015-12-31 19,243.13 0.00 3,315.51
2015-09-30 19,243.13 0.00 3,315.51
2015-06-30 17,907.87 0.00 2,439.11
2015-03-31 17,907.87 0.00 2,439.11
2014-12-31 17,239.02 0.00 2,228.68
2014-09-30 15,450.60 2,697.50 3,260.29
2014-06-30 15,450.60 2,697.50 3,260.29
2014-03-31 14,035.07 3,038.75 2,023.07
2013-12-31 14,035.07 3,038.75 2,023.07
2013-09-30 12,823.59 2,933.13 882.46
2013-06-30 12,823.59 2,933.13 882.46
2013-03-31 12,117.42 3,210.22 510.70
2012-12-31 12,117.42 3,210.22 510.70
2012-09-30 8,227.71 6,657.21 800.06
2012-06-30 8,227.71 6,657.21 800.06
  • Gujarat Pipavav Port has no debt.
  • Gujarat Pipavav Port has no debt compared to 5 years ago when it was 26.5%.
  • Gujarat Pipavav Port has no debt, it does not need to be covered by operating cash flow.
  • Gujarat Pipavav Port has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Gujarat Pipavav Port's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gujarat Pipavav Port has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.64%
Current annual income from Gujarat Pipavav Port dividends. Estimated to be 4.52% next year.
If you bought ₹2,000 of Gujarat Pipavav Port shares you are expected to receive ₹73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gujarat Pipavav Port's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Gujarat Pipavav Port's dividend is above the markets top 25% of dividend payers in India (1.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GPPL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
India Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GPPL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 4.54 7.00
2020-03-31 3.95 8.00
2019-03-31 3.47 7.00
NSEI:GPPL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-10-31 3.400 3.665
2018-08-09 3.400 3.238
2017-11-02 3.500 2.645
2017-05-11 3.600 2.523
2016-11-04 4.000 2.679
2016-05-19 1.900 1.114

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Gujarat Pipavav Port has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Gujarat Pipavav Port only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Gujarat Pipavav Port's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Gujarat Pipavav Port's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gujarat Pipavav Port afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gujarat Pipavav Port has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gujarat Pipavav Port's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Keld Pedersen
COMPENSATION ₹52,540,000
AGE 52
TENURE AS CEO 3.9 years
CEO Bio

Mr. Keld Pedersen has been Managing Director and Director of Gujarat Pipavav Port Limited since May 1, 2015. Mr. Pedersen serves as a Director of Pipavav Railway Corporation Limited. He holds a Master Mariner from Copenhagen Navigation School, Diploma in Economics and Management (Bachelor level), Executive Programs from London Business School and IMD Switzerland.

CEO Compensation
  • Keld's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Keld's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Gujarat Pipavav Port management team in years:

6.4
Average Tenure
58.5
Average Age
  • The average tenure for the Gujarat Pipavav Port management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Keld Pedersen

TITLE
MD & Director
COMPENSATION
₹53M
AGE
52
TENURE
3.9 yrs

Santosh Breed

TITLE
GM Finance and Accounts & CFO
TENURE
1.4 yrs

Harsha Mashelkar

TITLE
Head of Human Resources

Manish Agnihotri

TITLE
Company Secretary & Compliance Officer

Jaspal Bakshi

TITLE
Head of Information Technology and Communications
COMPENSATION
₹4M
AGE
59

Mikito Shirai

TITLE
Head of Planning and Production Engineering
TENURE
10.8 yrs

Dinesh Lokapure

TITLE
Head of Bulk & Liquid Business
AGE
58
TENURE
8.9 yrs

Ashok Gole

TITLE
Executive of Marine Operations
COMPENSATION
₹3M
AGE
68
Board of Directors Tenure

Average tenure and age of the Gujarat Pipavav Port board of directors in years:

5.3
Average Tenure
60
Average Age
  • The tenure for the Gujarat Pipavav Port board of directors is about average.
Board of Directors

Tejpreet Chopra

TITLE
Chairman
COMPENSATION
₹2M
AGE
49
TENURE
5.8 yrs

Keld Pedersen

TITLE
MD & Director
COMPENSATION
₹53M
AGE
52
TENURE
3.9 yrs

Pravin Laheri

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
73
TENURE
10.7 yrs

Pradeep Mallick

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
76
TENURE
6.6 yrs

Hina Shah

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
70
TENURE
5.8 yrs

Julian Bevis

TITLE
Non-Independent Non-Executive Director
AGE
68
TENURE
4.8 yrs

David Skov

TITLE
Non-Independent Non-Executive Director
AGE
47
TENURE
1.9 yrs

Mukesh Kumar

TITLE
Director
AGE
48
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Gujarat Pipavav Port's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gujarat Pipavav Port has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Gujarat Pipavav Port Limited (NSE:GPPL) Is Yielding 3.6% - But Is It A Buy?

Could Gujarat Pipavav Port Limited (NSE:GPPL) be an attractive dividend share to own for the long haul? … Gujarat Pipavav Port pays a 3.6% dividend yield, and has been paying dividends for the past three years. … There are a few simple ways to reduce the risks of buying Gujarat Pipavav Port for its dividend, and we'll go through these below.

Simply Wall St -

A Close Look At Gujarat Pipavav Port Limited’s (NSE:GPPL) 12% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

A Look At The Intrinsic Value Of Gujarat Pipavav Port Limited (NSE:GPPL)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Gujarat Pipavav Port Limited (NSE:GPPL): A Fundamentally Attractive Investment

Gujarat Pipavav Port Limited (NSE:GPPL) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of GPPL, it

Simply Wall St -

Are Gujarat Pipavav Port Limited's (NSE:GPPL) Interest Costs Too High?

The direct benefit for Gujarat Pipavav Port Limited (NSE:GPPL), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Does GPPL's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Have Investors Priced In Gujarat Pipavav Port Limited's (NSE:GPPL) Growth?

Growth expectations for Gujarat Pipavav Port Limited (NSE:GPPL) are high, but many investors are starting to ask whether its last close at ₹93.4 can still be rationalized by the future potential. … View our latest analysis for Gujarat Pipavav Port? … Analysts are predicting good growth prospects for Gujarat Pipavav Port over the next couple of years

Simply Wall St -

What Should Investors Know About Gujarat Pipavav Port Limited's (NSE:GPPL) Growth?

Since Gujarat Pipavav Port Limited (NSE:GPPL) released its earnings in March 2018,. … with earnings expected to grow by 1.9% in the upcoming year … the higher past 5-year average growth rate of 11%

Simply Wall St -

Is Gujarat Pipavav Port Limited (NSE:GPPL) An Attractive Dividend Stock?

Gujarat Pipavav Port Limited (NSE:GPPL) has paid a dividend to shareholders in the last few years. … Let's take a look at Gujarat Pipavav Port in more detail. … View our latest analysis for Gujarat Pipavav Port

Simply Wall St -

What Should You Know About Gujarat Pipavav Port Limited's (NSE:GPPL) Earnings Trajectory?

In March 2018, Gujarat Pipavav Port Limited (NSE:GPPL) released its most recent earnings announcement, whicha

Simply Wall St -

Can Gujarat Pipavav Port Limited's (NSE:GPPL) ROE Continue To Surpass The Industry Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Gujarat Pipavav Port has a return on equity of 10% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India. The company offers access to the main shipping lines, as well as to the cargo belt in the Northwestern region of India. It also provides port services, including marine, material handling, and storage services, as well as value-added port services. The company’s port handles container cargo; bulk and break bulk cargo, such as coal, cement, clinker, fertilizers, steel, iron ore, agri-products, salt, and soda ash, as well as specialized project cargo; and liquid cargo, as well as RORO. Gujarat Pipavav Port Limited was incorporated in 1992 and is based in Mumbai, India.

Details
Name: Gujarat Pipavav Port Limited
GPPL
Exchange: NSEI
Founded: 1992
₹45,346,663,558
483,439,910
Website: http://www.pipavav.com
Address: Gujarat Pipavav Port Limited
301, Trade Centre,
Bandra Kurla Complex,
Mumbai,
Maharashtra, 400098,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI GPPL Equity Shares National Stock Exchange of India IN INR 09. Sep 2010
BSE 533248 Equity Shares Mumbai Stock Exchange IN INR 09. Sep 2010
Number of employees
Current staff
Staff numbers
492
Gujarat Pipavav Port employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:53
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2018/08/10
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.