Gujarat Pipavav Port Ltd Stock Analysis

BSE: 533248 | NSE: GPPL | Port | Small Cap

BSE Share Price 02-Dec-2022 18:01
92.10 0.30 (0.33%)

DeciZen - Make an Informed Decision on Gujarat Pipavav Port

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Gujarat Pipavav Port Price Chart

P/E Ratio (SA) :
18.26
Market Cap :
4,452.5 Cr.
52-wk low :
70.4
52-wk high :
103.2
Bole Toh?

1. Is Gujarat Pipavav Port Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Pipavav Port Ltd is a good quality company.

2. Is Gujarat Pipavav Port Ltd undervalued or overvalued?

The key valuation ratios of Gujarat Pipavav Port Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Gujarat Pipavav Port Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gujarat Pipavav Port Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Gujarat Pipavav Port:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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 Pipavav Port 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

Dec'12Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.1%12.7%25.1%10.3%12.6%10%10.3%14.6%11%10%-
Value Creation Index -0.4-0.10.8-0.2-0.1-0.3-0.30.0-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 416518694660683649702735733744825
YoY Gr. Rt. %-24.5%33.9%-4.9%3.5%-5%8.2%4.8%-0.3%1.4%-
Adj EPS 1.53.774.15.34.24.36.14.64.15
YoY Gr. Rt. %-144.1%87.9%-41.9%29.6%-21%3.4%42%-24.6%-10.5%-
BVPS (₹) 25.12929.641.341.841.741.843.1424242.3
Adj Net Profit 73.5179337196254200207294222199244
Cash Flow from Ops. 262290355389402315296340384380-
Debt/CF from Ops. 1.21.100000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%1.7%1.9%1.4%
Adj EPS 11.7%-4.8%-1.4%-10.5%
BVPS 5.90.10.20
Share Price 6.6% -7.9% 2.2% -8.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'12Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 7.313.726.410.312.69.910.314.310.89.812
Op. Profit Mgn % 42.548.758.257.962.158.155.761.158.35654.6
Net Profit Mgn % 17.734.648.629.637.130.929.54030.226.829.6
Debt to Equity 0.30.2000000000
Working Cap Days 12292103172156173182213242301386
Cash Conv. Cycle 1-15-1342-5-3-10-4275

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.00%

Sales growth is good in last 4 quarters at 11.54%

Sales growth has been subdued in last 3 years 1.94%

Net Profit has been subdued in last 3 years -1.42%

Latest Financials - Gujarat Pipavav Port Ltd.

Standalone Consolidated
TTM EPS (₹) 5 5.2
TTM Sales (₹ Cr.) 825 825
BVPS (₹.) 42.3 46.7
Reserves (₹ Cr.) 1,561 1,775
P/BV 2.18 1.97
PE 18.26 17.78
From the Market
52 Week Low / High (₹) 70.40 / 103.20
All Time Low / High (₹) 41.00 / 262.00
Market Cap (₹ Cr.) 4,452
Equity (₹ Cr.) 483.4
Face Value (₹) 10
Industry PE 18.3

Management X-Ray of Gujarat Pipavav Port :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Gujarat Pipavav Port

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Gujarat Pipavav Port Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gujarat Pipavav Port on 02-Dec-2022 18:01 is : 92.10.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Dec-2022 18:01 the market cap of Gujarat Pipavav Port stood at ₹ 4,452.5.
The latest PE ratio of Gujarat Pipavav Port as of 02-Dec-2022 18:01 is 18.26.
The latest PB ratio of Gujarat Pipavav Port as of 02-Dec-2022 18:01 is 2.18
The 52-week high of Gujarat Pipavav Port is ₹ 103.2 and the 52-week low is ₹ 70.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Gujarat Pipavav Port is ₹ 824.6 ( Cr.) .

About Gujarat Pipavav Port Ltd

Gujarat Pipavav Port Limited was incorporated on August 05, 1992 to construct, operate and maintain an all-weather port at Pipavav, District Amreli, in the State of Gujarat. The port is designed to handle bulk, container, liquid cargo and RORO and to provide port services such as marine services, material handling and storage operations.

The company has entered into a 30 year Concession Agreement with Government of Gujarat and Gujarat Maritime Board (GMB) dated September 30, 1998 to engage in the business of developing, constructing, operating and maintaining the port on a BOOT (Build Own Operate Transfer) basis.

During the year 2005, AP Moller-Maersk group together with certain financial investors acquired the complete shareholdings held by the original promoter viz. Seaking Infrastructure Limited (SKIL) group, on receipt of approval from Government of Gujarat, and GMB. Accordingly, AP Moller-Maersk group became the key promoter of the Company under the Concession agreement.

Pursuant to the approval of the shareholders of the company in an extra ordinary general meeting held on November 17, 2009, the company has issued and allotted through Initial Public Offering (IPO) 108,695,652 equity shares of Rs 10 each at a premium of Rs 36 per share aggregating to a total of Rs 5,00 crore to all categories of investors. The issue was made in accordance with the terms of the company’s prospectus dated August 30, 2010 and the shares got listed on September 9, 2010 on Bombay Stock Exchange and National Stock Exchange.

Business area of the company

Gujarat Pipavav Port is engaged in providing port services such as marine services, material handling and storage operations.

Services

  • Containers
  • Roll-on Roll-off (RoRo)
  • Bulk Cargo
  • Liquid Cargo
  • Storage
  • Maritime Personnel
  • Towage
  • Tariffs
  • Marketing Tools

Awards

  • 2010- EPC World Award 2010 - Outstanding contribution in Ports & Shipping
  • 2011- Maritime And Logistics Awards (MALA) 2011 - Fastest growing Port
  • 2011- EXIM Award 2011 - Emerging Gateway Port of the Year
  • 2012- Maritime And Logistics Awards (MALA) 2012 - CSR Award
  • 2012- CNBC Infrastructure Excellence Awards 2012
  • 2013- Maritime And Logistics Awards (MALA) 2013 - HSSE Award
  • 2015- Samudra Manthan 2015 - Safe Port of the Year Award
  • 2016- Gujarat Star Awards 2016 - Emerging port of the year for RoRo business
  • 2017- Gujarat Star Awards 2017 - Best Port of the year for RoRo operations
  • 2017- Gujarat Star Awards 2017 - runner up for The Port of the Year - Health, Safety and Environment
  • 2018- Appreciation certificate from Government of Gujarat for ‘Mukhya Mantri Apprenticeship Yojana’ Apprentice Program
  • 2020- Award from New Delhi-based Integrated Health & Wellbeing Council for societal development and community support initiatives under the ‘COVID Relief Project’

Milestones

  • First Public Private Project (PPP) in port sector in India
  • First Public Private Project in railways through PRCL [Pipavav Railway Corporation Ltd]  in India
  • First port to start double stack train services for containers in India. Which has a capacity of carrying 180 TEUs as against 90 TEUs carried in a single stack train. 
  • First Port to receive the first coastal RoRo vessel in India 
  • One of the First Ports to have environment friendly coal yard.

Timeline

  • 1998- Concession awarded to GPPL
  • 2000- PRCL (Pipavav Railway Corporation Ltd) formed - First PPP project with Indian Railways
  • 2001- APM Terminals invests 12.5% in GPPL (Gujarat Pipavav Port Ltd)
  • 2003- Port gets rail connectivity through JV with Indian Railways
  • 2005- APM Terminals acquires controlling stakes
  • 2006- Pioneers double stack container rakes in India.
  • 2009- Container terminal became operational.
  • 2010- Company listed on Indian stock exchanges.
  • 2014- Liquid cargo operations commences at port.
  • 2015- RoRo Operations commences at port.
  • 2016- Container capacity expanded to 1.35 mTEUs
  • 2017- Handles 100,000th Auto Unit - key milestone in just 20 months
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