NSEI:GSPL

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Gujarat State Petronet

Executive Summary

Gujarat State Petronet Limited transmits natural gas through pipeline on an open access basis from supply points to demand centers in India. More Details


Snowflake Analysis

Undervalued established dividend payer.

Share Price & News

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


Latest Share Price and Events

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.


Market Performance


7 Day Return

0.4%

GSPL

0.09%

IN Gas Utilities

-0.3%

IN Market


1 Year Return

-13.7%

GSPL

23.8%

IN Gas Utilities

15.9%

IN Market

Return vs Industry: GSPL underperformed the Indian Gas Utilities industry which returned 23.5% over the past year.

Return vs Market: GSPL underperformed the Indian Market which returned 15.9% over the past year.


Shareholder returns

GSPLIndustryMarket
7 Day0.4%0.09%-0.3%
30 Day-5.9%6.6%4.9%
90 Day12.6%53.2%24.5%
1 Year-12.8%-13.7%27.0%23.8%18.0%15.9%
3 Year2.9%-0.05%17.5%10.4%9.7%4.4%
5 Year61.1%53.8%59.7%41.7%82.1%68.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GSPL (₹211) is trading below our estimate of fair value (₹863.24)

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 (8.4x) compared to the IN Gas Utilities industry average (23.1x).

PE vs Market: GSPL is good value based on its PE Ratio (8.4x) compared to the Indian market (19.5x).


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 (2.2x) compared to the IN Gas Utilities industry average (5.3x).


Next Steps

Future Growth

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

-6.9%

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 (-6.9% per year).

Earnings vs Market: GSPL's earnings are forecast to decline over the next 3 years (-6.9% per year).

High Growth Earnings: GSPL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GSPL's revenue (15.3% per year) is forecast to grow faster than the Indian market (11.7% per year).

High Growth Revenue: GSPL's revenue (15.3% 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 low in 3 years time (18.1%).


Next Steps

Past Performance

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

24.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSPL has high quality earnings.

Growing Profit Margin: GSPL's current net profit margins (13.3%) are lower than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: GSPL's earnings have grown significantly by 24.9% per year over the past 5 years.

Accelerating Growth: GSPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GSPL had negative earnings growth (-4.6%) over the past year, making it difficult to compare to the Gas Utilities industry average (-3.5%).


Return on Equity

High ROE: GSPL's Return on Equity (25.9%) is considered high.


Next Steps

Financial Health

How is Gujarat State Petronet's financial position?


Financial Position Analysis

Short Term Liabilities: GSPL's short term assets (₹20.9B) do not cover its short term liabilities (₹33.1B).

Long Term Liabilities: GSPL's short term assets (₹20.9B) do not cover its long term liabilities (₹33.1B).


Debt to Equity History and Analysis

Debt Level: GSPL's debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: GSPL's debt to equity ratio has reduced from 28% to 27.4% over the past 5 years.

Debt Coverage: GSPL's debt is well covered by operating cash flow (149%).

Interest Coverage: GSPL's interest payments on its debt are well covered by EBIT (13.1x coverage).


Balance Sheet


Next Steps

Dividend

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

0.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GSPL's dividend (0.95%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: GSPL's dividend (0.95%) is low compared to the top 25% of dividend payers in the Indian market (1.81%).


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 (7.9%), 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 (8.6% payout ratio).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Anil Mukim (60 yo)

no data

Tenure

₹37,500

Compensation

Mr. Anil Gopishankar Mukim, IAS, has been a Chairman of the Board at Gujarat State Fertilizers & Chemicals Limited since December 14, 2020. He is Non-Executive Non-Independent Chairman of the Board at Guja...


Leadership Team

NamePositionTenureCompensationOwnership
Ajith T. Kumar
Chief Financial Officer1.92yrs₹5.01m0.0031%
₹ 3.6m
Rajeshwari Sharma
Company Secretary & Compliance Officer0.92yr₹5.52mno data
Anil Mukim
MD & Chairman of the Boardno data₹37.50kno data
Sanjeev Kumar
Joint MD & Director1.42yrsno datano data
Nallapaneni Babu
General Manager of Technical Service & Operation and Maintenanceno datano datano data
Vinay Kumar
Group Senior Executive Director of Human Resourcesno datano datano data
Sandeep Dave
Deputy General Manager of Secretarial & Legalno datano datano data
Pramod Yenge
Executiveno datano datano data
Rajesh Suhane
Executiveno datano datano data
Ravindra Agrawal
Executive Director of Gas Business21.25yrsno datano data
Subhasish Majumdar
Assistant General Manager of Procurementno datano datano data

1.7yrs

Average Tenure

52yo

Average Age

Experienced Management: GSPL's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Anil Mukim
MD & Chairman of the Boardno data₹37.50kno data
Sanjeev Kumar
Joint MD & Director1.42yrsno datano data
Manmohan Srivastava
Representative Non-Executive Director8.42yrs₹1.09mno data
Bakul Dholakia
Independent Director6.33yrs₹60.00k0.00062%
₹ 738.1k
Yogesh Singh
Independent Director7.67yrs₹52.50kno data
Shridevi Shukla
Woman Independent Director1.83yrs₹30.00kno data
Sudhir Jain
Independent Director5.25yrs₹82.50kno data
Bhadresh Mehta
Independent Director5.25yrs₹67.50kno data
Pankaj Joshi
Representative Non-Executive Director1yr₹37.50kno data
Bimal Patel
Independent Director4.08yrs₹30.00kno data
Sunaina Tomar
Representative Non-Executive Director1yr₹15.00kno data

4.1yrs

Average Tenure

60yo

Average Age

Experienced Board: GSPL's board of directors are considered experienced (4.1 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 company bio, 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: ₹119.049b
  • Shares outstanding: 564.21m
  • Website: https://www.gspcgroup.com/GSPL/

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532702BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2006
GSPLNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2006

Biography

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 co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 12:10
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.