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Gujarat State Petronet Ltd. Stock Analysis

Mid Cap
Evaluated by 3467 users | BSE: 532702 | NSE: GSPL |
Gas Transmission/Marketing
Gujarat State Petronet (GSPL) was incorporated in 1998, primarily developed to link various supply sources and users of natural gas in Gujarat through pipeline network. It is only company In India to transmit natural gas for its clients without trading in it.The company is a subsidiary Gujarat...
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gujarat State Petronet Ltd. has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 18.25%16.71%14.89%11.18%10.37%10.11%10.49%10.46%11.69%14.87%
Value Creation Index 0.320.200.06-0.20-0.26-0.28-0.25-0.25-0.17NA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,0471,1231,1731,0511,0659921,0281,3321,8772,369
Y-o-Y Gr. Rt.-7.3%4.4%-10.4%1.3%-6.8%3.6%29.6%41%26.2%
Adjusted EPS (Rs.) 99.299.567.457.297.918.8211.8614.119.66
Y-o-Y Gr. Rt.-3.2%2.9%-22.1%-2.2%8.5%11.5%34.5%18.9%39.4%
Book Value per Share (Rs.) 35.6443.7552.1558.4264.2472.1879.7489.82101.84119.18
Adjusted Net Profit 5065235384194104454976687951,109
Net Op. Cash Flow (Rs. Cr.) 5987946936456276039448941,0881,360
Debt to Cash Flow from Ops 2.471.762.322.211.851.770.673.422.171.2
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Gujarat State Petronet Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.5%17.3%32.1%26.2%
Adjusted EPS 9.1%22%30.6%39.4%
Book Value per Share 14.413.214.317
Share Price 7.6% 8.3% -2.6% -10.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 28.3723.3719.913.4511.8711.5811.613.9814.7117.79
Operating Profit Margin (%) 92.692.0591.3788.4185.9987.3186.4586.1982.2266.49
Net Profit Margin (%) 48.3946.5445.8739.938.5544.948.3350.1942.3646.81
Debt to Equity 0.740.570.550.430.320.260.140.60.410.24
Working Capital Days 131911131651922371931108675
Cash Conversion Cycle -407226296656271474035
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 37.63%
Institutions 46.52%
Non-Institutions 15.85%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Gujarat State Petronet Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Gujarat State Petronet Ltd. is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Gujarat State Petronet Ltd.'s performance infers:

Gujarat State Petronet Ltd. earnings have grown by 22%, whereas share price has appreciated 8.3% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Gujarat State Petronet Ltd. share prices over the last 10 years. Here is what we found out:

Gujarat State Petronet Ltd. share price has appreciated 4.2% annually over the past ten years.

Gujarat State Petronet (GSPL) was incorporated in 1998, primarily developed to link various supply sources and users of natural gas in Gujarat through pipeline network. It is only company In India to transmit natural gas for its clients without trading in it.

The company is a subsidiary Gujarat State Petroleum Corporation (GSPC). It has the taken initiative in developing energy transportation infrastructure in Gujarat and connecting major natural gas supply

Gujarat State Petronet (GSPL) was incorporated in 1998, primarily developed to link various supply sources and users of natural gas in Gujarat through pipeline network. It is only company In India to transmit natural gas for its clients without trading in it.

The company is a subsidiary Gujarat State Petroleum Corporation (GSPC). It has the taken initiative in developing energy transportation infrastructure in Gujarat and connecting major natural gas supply sources and demand markets.

GSPC recognised Gujarat’s concern for infrastructure development in order to support the future hydrocarbon economy and industry. The company incorporated Gujarat State Petronet to develop a high-pressure pipeline network for natural gas transportation in Gujarat.

The company has received ISO 9001: 2000 certification for operation and maintenance.

Presently the company operates a medium-to-high pressure gas transmission grid comprising approximately 1130 km of natural gas pipeline from Hazira to Kalol.

Gujarat is the first state to plan and execute a state-wide gas grid on open access principle and it aims to become petro capital of the country. The company has planned to lay high-pressure pipelines that will cover various industrial belts and cities of Gujarat. Due this the state government has given ‘Infrastructure Project' status to the company, being the only gas grid in the country that functions on an open access basis.

GSPL and its partners are expected to commission Mallavaram-Bhopal-Bhilwara-Vijapur (1585 km), Mehsana-Bhatinda (1670 km) and Bhatinda-Jammu- Srinagar (740 km) pipeline projects in next three years.GSPL is mulling liquefied natural gas (LNG) terminal at Sikka in Jamnagar district on West Coast. The move is aimed at securing supplies for its proposed 4,000 km long cross country natural gas transmission pipeline.

In 2012 Joint Venture Agreements  was signed among GSPL, IOCL, BPCL and HPCL for execution of three cross country pipeline projects awarded by PNGRB.

Group companies

  • Gujarat State Petroleum Corporation (GSPC)
  • GSPC Gas
  • Sabarmati Gas
  • GSEG
  • GPPC
  • GIPL
  • GSPC LNG
  • GERMI
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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