NSEI:GSPL

Stock Analysis Report

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.

Snowflake

Fundamentals

Outstanding track record 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


Market Performance


7 Day Return

0.4%

GSPL

1.8%

IN Gas Utilities

3.3%

IN Market


1 Year Return

24.9%

GSPL

-1.5%

IN Gas Utilities

7.1%

IN Market

Return vs Industry: GSPL exceeded the Indian Gas Utilities industry which returned -1.5% over the past year.

Return vs Market: GSPL exceeded the Indian Market which returned 7.1% over the past year.


Shareholder returns

GSPLIndustryMarket
7 Day0.4%1.8%3.3%
30 Day-5.1%2.2%2.9%
90 Day1.2%1.1%3.1%
1 Year26.0%24.9%0.6%-1.5%9.4%7.1%
3 Year28.4%25.1%34.0%26.9%22.7%16.4%
5 Year117.6%107.7%26.6%12.8%44.0%30.4%

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?

10.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GSPL (₹208.5) is trading above our estimate of fair value (₹167.19)

Significantly Below Fair Value: GSPL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GSPL is good value based on its PE Ratio (10.6x) compared to the Gas Utilities industry average (19.7x).

PE vs Market: GSPL is good value based on its PE Ratio (10.6x) compared to the Indian market (13x).


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 (3.6x) compared to the IN Gas Utilities industry average (4.8x).


Next Steps

Future Growth

How is Gujarat State Petronet forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

-0.04%

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 (-0.04% per year).

Earnings vs Market: GSPL's earnings are forecast to decline over the next 3 years (-0.04% per year).

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

Revenue vs Market: GSPL's revenue is expected to decline over the next 3 years (-16% per year).

High Growth Revenue: GSPL's revenue is forecast to decline over the next 3 years (-16% 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 (13.6%).


Next Steps

Past Performance

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

21.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GSPL's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: GSPL's earnings growth over the past year (38.3%) exceeds its 5-year average (21% per year).

Earnings vs Industry: GSPL earnings growth over the past year (38.3%) exceeded the Gas Utilities industry 32.3%.


Return on Equity

High ROE: GSPL's Return on Equity (31.5%) is considered high.


Return on Assets

ROA vs Industry: GSPL has a higher Return on Assets than the Gas Utilities industry average last year.


Return on Capital Employed

ROCE Improving: GSPL has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Gujarat State Petronet's financial position?


Financial Position Analysis

Short Term Liabilities: GSPL's short term assets (₹15.4B) do not cover its short term liabilities (₹29.9B)

Long Term Liabilities: GSPL's short term assets (15.4B) do not cover its long term liabilities (51.7B)


Debt to Equity History and Analysis

Debt Level: GSPL's debt to equity ratio (78.4%) is considered high

Reducing Debt: GSPL's debt to equity ratio has increased from 37.6% to 78.4% over the past 5 years.

Debt Coverage: GSPL's debt is well covered by operating cash flow (60.6%).

Interest Coverage: GSPL's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: GSPL's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

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

0.96%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%0.6%markettop25%2.4%industryaverage1.8%forecastin3Years1.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GSPL's dividend (0.96%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: GSPL's dividend (0.96%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

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 (10.1%), 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 well covered by earnings (17.4% payout ratio).


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Jagdip Singh (60yo)

3.5yrs

Tenure

₹97,500

Compensation

Dr. Jagdip Narayan Singh, IAS has been Managing Director at Gujarat State Petroleum Corporation Limited since August 01, 2016. Dr. Singh has been a Managing Director of Gujarat State Petronet Limited since ...


Management Age and Tenure

3.5yrs

Average Tenure

51yo

Average Age

Experienced Management: GSPL's management team is considered experienced (3.5 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

59.5yo

Average Age

Experienced Board: GSPL's board of directors are considered experienced (4 years average tenure).


Insider Trading

Insider Buying: GSPL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹3,518,53223 Aug 19
Chinmay Tripathi
EntityIndividual
Shares16,000
Max Price₹220.00
Sell₹2,312,49930 Mar 19
Nallapaneni Babu
EntityIndividual
Role
Chief Operating Officer
General Manager of Technical Service & Operation and Maintenance
Shares12,500
Max Price₹185.00

Ownership Breakdown


Management Team

  • Sandeep Dave (44yo)

    Deputy General Manager of Secretarial & Legal

    • Tenure: 0yrs
  • Reena Desai

    Compliance Officer & Company Secretary

    • Tenure: 10.8yrs
    • Compensation: ₹2.52m
  • Pramod Yenge

    Executive

    • Tenure: 0yrs
  • Nallapaneni Babu

    General Manager of Technical Service & Operation and Maintenance

    • Tenure: 0yrs
  • Rajesh Suhane

    Executive

    • Tenure: 0yrs
  • Vinay Kumar (58yo)

    Group Senior Executive Director of Human Resources

    • Tenure: 0yrs
  • Ravindra Agrawal (47yo)

    Executive Director of Gas Business

    • Tenure: 20yrs
  • Jagdip Singh (60yo)

    MD & Director

    • Tenure: 3.5yrs
    • Compensation: ₹97.50k
  • Sanjeev Kumar (49yo)

    Joint MD & Director

    • Tenure: 0.2yrs
  • Ajith T. Kumar (53yo)

    Chief Financial Officer

    • Tenure: 0.7yrs
    • Compensation: ₹2.24m

Board Members

  • Manmohan Srivastava (67yo)

    Chairman

    • Tenure: 7.2yrs
    • Compensation: ₹1.77m
  • Bakul Dholakia (72yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: ₹37.50k
  • Jagdip Singh (60yo)

    MD & Director

    • Tenure: 3.5yrs
    • Compensation: ₹97.50k
  • Sanjeev Kumar (49yo)

    Joint MD & Director

    • Tenure: 0.2yrs
  • Yogesh Singh (53yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: ₹22.50k
  • Shridevi Shukla (67yo)

    Additional Independent Director

    • Tenure: 0.6yrs
    • Compensation: ₹37.50k
  • Sudhir Jain (60yo)

    Additional Independent Director

    • Tenure: 4yrs
    • Compensation: ₹52.50k
  • Bhadresh Mehta (59yo)

    Additional Independent Director

    • Tenure: 4yrs
    • Compensation: ₹67.50k
  • Bimal Patel (49yo)

    Additional Independent Director

    • Tenure: 2.8yrs
    • Compensation: ₹22.50k
  • Arvind Agarwal (59yo)

    Non- Executive Director

    • Tenure: 1.3yrs
    • Compensation: ₹30.00k

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: ₹118.253b
  • Shares outstanding: 564.05m
  • 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 Analysis2019/10/22 12:45
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
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.