company background image
GSPL

Gujarat State PetronetNSEI:GSPL Stock Report

Market Cap

₹181.3b

7D

-0.4%

1Y

64.1%

Updated

24 Sep, 2021

Data

Company Financials +
GSPL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends5/6

GSPL Overview

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

Summary of all time highs, changes and price drops for Gujarat State Petronet
Historical stock prices
Current Share Price₹319.90
52 Week High₹177.40
52 Week Low₹379.20
Beta0.51
1 Month Change-8.38%
3 Month Change-3.80%
1 Year Change64.09%
3 Year Change83.38%
5 Year Change104.74%
Change since IPO690.85%

Recent News & Updates

Shareholder Returns

GSPLIN Gas UtilitiesIN Market
7D-0.4%-3.8%0.3%
1Y64.1%169.8%71.8%

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.

Price Volatility

Is GSPL's price volatile compared to industry and market?
GSPL volatility
GSPL Beta0.51
Industry Beta1.03
Market Beta1

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

FoundedEmployeesCEOWebsite
1998264Pankaj Kumarhttps://gspcgroup.com/GSPL

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

How do Gujarat State Petronet's earnings and revenue compare to its market cap?
GSPL fundamental statistics
Market Cap₹181.25b
Earnings (TTM)₹18.95b
Revenue (TTM)₹134.55b

9.5x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GSPL income statement (TTM)
Revenue₹134.55b
Cost of Revenue₹82.35b
Gross Profit₹52.20b
Expenses₹33.25b
Earnings₹18.95b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)33.59
Gross Margin38.80%
Net Profit Margin14.09%
Debt/Equity Ratio18.0%

How did GSPL perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

6%

Payout Ratio

Valuation

Is Gujarat State Petronet undervalued compared to its fair value and its price relative to the market?

28.3%

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).


Future Growth

How is Gujarat State Petronet forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-7.5%

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%)


Past Performance

How has Gujarat State Petronet performed over the past 5 years?

22.5%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Gujarat State Petronet current dividend yield, its reliability and sustainability?

0.63%

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).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Pankaj Kumar (58 yo)

no data

Tenure

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...


Leadership Team

Experienced Management: GSPL's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: GSPL's board of directors are considered experienced (5.3 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Gujarat State Petronet Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Gujarat State Petronet Limited
  • GSPL Bhavan
  • E-18, GIDC Electronic Estate
  • Gandhinagar
  • Gujarat
  • 382028
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 12:05
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.