Gujarat State Petronet Limited transmits natural gas through pipeline on an open access basis from supply points to demand centers in India.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹319.90|
|52 Week High||₹177.40|
|52 Week Low||₹379.20|
|1 Month Change||-8.38%|
|3 Month Change||-3.80%|
|1 Year Change||64.09%|
|3 Year Change||83.38%|
|5 Year Change||104.74%|
|Change since IPO||690.85%|
Recent News & Updates
|GSPL||IN Gas Utilities||IN Market|
Return vs Industry: GSPL underperformed the Indian Gas Utilities industry which returned 169.8% over the past year.
Return vs Market: GSPL underperformed the Indian Market which returned 71.8% over the past year.
Stable Share Price: GSPL is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GSPL's weekly volatility (5%) has been stable over the past year.
About the Company
Gujarat State Petronet Limited transmits natural gas through pipeline on an open access basis from supply points to demand centers in India. The company develops energy transportation infrastructure and connects natural gas supply sources, including LNG terminals to various markets in Gujarat. As of March 31, 2021, it operated approximately 2694 kilometers of gas pipeline.
Gujarat State Petronet Fundamentals Summary
|GSPL fundamental statistics|
Is GSPL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GSPL income statement (TTM)|
|Cost of Revenue||₹82.35b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||33.59|
|Net Profit Margin||14.09%|
How did GSPL perform over the long term?See historical performance and comparison
0.6%Current Dividend Yield
Is Gujarat State Petronet undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GSPL (₹319.9) is trading below our estimate of fair value (₹446.13)
Significantly Below Fair Value: GSPL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GSPL is good value based on its PE Ratio (9.5x) compared to the Indian Gas Utilities industry average (19.7x).
PE vs Market: GSPL is good value based on its PE Ratio (9.5x) compared to the Indian market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: GSPL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GSPL is good value based on its PB Ratio (2.8x) compared to the IN Gas Utilities industry average (4.7x).
How is Gujarat State Petronet forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GSPL's earnings are forecast to decline over the next 3 years (-7.5% per year).
Earnings vs Market: GSPL's earnings are forecast to decline over the next 3 years (-7.5% per year).
High Growth Earnings: GSPL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GSPL's revenue (11.3% per year) is forecast to grow slower than the Indian market (12.6% per year).
High Growth Revenue: GSPL's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GSPL's Return on Equity is forecast to be high in 3 years time (21.9%)
How has Gujarat State Petronet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GSPL has high quality earnings.
Growing Profit Margin: GSPL's current net profit margins (14.1%) are lower than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: GSPL's earnings have grown significantly by 22.5% per year over the past 5 years.
Accelerating Growth: GSPL's earnings growth over the past year (17.1%) is below its 5-year average (22.5% per year).
Earnings vs Industry: GSPL earnings growth over the past year (17.1%) underperformed the Gas Utilities industry 26.6%.
Return on Equity
High ROE: GSPL's Return on Equity (31.6%) is considered high.
How is Gujarat State Petronet's financial position?
Financial Position Analysis
Short Term Liabilities: GSPL's short term assets (₹17.9B) do not cover its short term liabilities (₹31.1B).
Long Term Liabilities: GSPL's short term assets (₹17.9B) do not cover its long term liabilities (₹26.0B).
Debt to Equity History and Analysis
Debt Level: GSPL's debt to equity ratio (18%) is considered satisfactory.
Reducing Debt: GSPL's debt to equity ratio has reduced from 35% to 18% over the past 5 years.
Debt Coverage: GSPL's debt is well covered by operating cash flow (190.6%).
Interest Coverage: GSPL's interest payments on its debt are well covered by EBIT (18.9x coverage).
What is Gujarat State Petronet current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GSPL's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: GSPL's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (1.45%).
Stability and Growth of Payments
Stable Dividend: GSPL's dividends per share have been stable in the past 10 years.
Growing Dividend: GSPL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6%), GSPL's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GSPL's dividends in 3 years are forecast to be thoroughly covered by earnings (12.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pankaj Kumar (58 yo)
Mr. Pankaj Kumar, IAS, serves as Chairman & Managing Director at Gujarat State Petronet Limited since September 8, 2021. Mr. Kumar serves as Chairman and Director of Gujarat Narmada Valley Fertilizers & Ch...
Experienced Management: GSPL's management team is considered experienced (2.3 years average tenure).
Experienced Board: GSPL's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GSPL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gujarat State Petronet Limited's employee growth, exchange listings and data sources
- Name: Gujarat State Petronet Limited
- Ticker: GSPL
- Exchange: NSEI
- Founded: 1998
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: ₹181.253b
- Shares outstanding: 564.21m
- Website: https://gspcgroup.com/GSPL
Number of Employees
- Gujarat State Petronet Limited
- GSPL Bhavan
- E-18, GIDC Electronic Estate
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 12:05|
|End of Day Share Price||2021/09/24 00:00|
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.