Is Gujarat State Petronet Ltd (GSPL) a good quality company?

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

Is Gujarat State Petronet Ltd (GSPL) undervalued or overvalued?

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

What is Gujarat State Petronet Ltd (GSPL) share price return in the past 10 years?

Gujarat State Petronet Ltd share price has appreciated 7.1% annually (CAGR) over the past ten years.

Is Gujarat State Petronet Ltd (GSPL) a good buy now?

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

What is the share price of Gujarat State Petronet Ltd (GSPL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Gujarat State Petronet Ltd (GSPL) on 17-Apr-2026 16:59:59 at 16:59 is 272.35.

What is the P/E ratio of Gujarat State Petronet?

The latest standalone P/E ratio of Gujarat State Petronet as of 17-Apr-2026 is 21.64.

What is the P/B ratio of Gujarat State Petronet Ltd (GSPL)?

The latest standalone P/B ratio of Gujarat State Petronet Ltd (GSPL) as of 17-Apr-2026 is 1.38.

What is the 52-week high and low of Gujarat State Petronet Ltd (GSPL)?

The 52-week high of Gujarat State Petronet Ltd (GSPL) is Rs. 360.00 and the 52-week low is Rs. 226.00.

What is the TTM revenue of Gujarat State Petronet Ltd (GSPL)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gujarat State Petronet is Rs. 1068.22 (Cr.).

Gujarat State Petronet Ltd (GSPL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Gujarat State Petronet Ltd (GSPL)
Brand: Gujarat State Petronet

Gujarat State Petronet Ltd (GSPL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Gujarat State Petronet Ltd (GSPL)

BSE: 532702 NSE: GSPL

Key Metrics

Market Cap

₹15,366 Cr.

P/E Ratio

21.64

Price to Book (P/B)

1.38

Price to Sales (P/S)

14.38

EV/EBITDA

12.42

Return on Capital Employed (ROCE)

9.61%

Current Price

₹272.4

Return on Equity (ROE)

7.67%

Return on Assets (ROA)

7.00%

Operating Profit Margin

73%

Net Profit Margin

72.71%

Gross Profit Margin

108.6%

Book Value per Share

₹197.5

Sales Growth (YoY)

-45.32%

Sales Growth (3 Years)

-18.07%

Operating Profit Growth (1 Year)

-46.07%

Operating Profit Growth (3 Years)

-16.59%

Net Profit Growth (1 Year)

-37.13%

52-Week Low / High

₹226 / 360

Net Profit Growth (3 Years)

-6.21%

Dividend Yield

1.71%

Promoter Holding

37.63%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Gujarat State Petronet Ltd?

Gujarat State Petronet Ltd revenue growth is -45.3% for FY-2025 , which is below its 5 year CAGR of -14% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Gujarat State Petronet Ltd?

Promoters hold 37.63% of the Gujarat State Petronet Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Gujarat State Petronet Ltd vs industry peers?

Gujarat State Petronet Ltd revenue CAGR is -14.01% , compared to the industry median CAGR of 13.33% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Gujarat State Petronet Ltd belong to?

Gujarat State Petronet Ltd belongs to the Oil & Gas sector, operating specifically within the Gas Transmission/Marketing segment.

Q.1 Stock return of Gujarat State Petronet Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 7.1% based on the current price.

DeciZen - make an informed investing decision on Guj. State Petronet

Based on:

Data
Research

Standalone basis

1. Right Stock

2. Right Price

Price Chart

3. Right Time ⓘ

#Likely Future 5 Year CAGR.

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Gujarat State Petronet stock performance

Key Ratios

Is Gujarat State Petronet Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	15.1%	15.5%	15.8%	17.5%	17.6%	15.8%	15.3%	13.9%	16.9%	9.6%	-
Value Creation Index ⓘ	0.1	0.2	0.2	0.3	0.3	0.2	0.1	0.0	0.5	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	992	1,028	1,332	1,877	2,363	2,079	2,020	1,762	2,032	1,111	1,068
Sales YoY Gr.	-	3.6%	29.6%	41%	25.9%	-12%	-2.9%	-12.8%	15.3%	-45.3%	-
Adj EPS ⓘ	7.9	8.8	11.9	14.1	19.7	16.5	17.4	16.8	22.8	14.3	12.6
YoY Gr.	-	11.4%	34.6%	18.9%	39.7%	-16.2%	5.3%	-3.6%	35.9%	-37.2%	-
BVPS (₹) ⓘ	72.1	79.7	89.8	101.8	119.2	133.7	149.6	164.4	182	191.1	197.5
Adj Net Profit ⓘ	445	497	668	795	1,111	931	981	945	1,285	808	710
Cash Flow from Ops. ⓘ	603	944	894	1,088	1,360	1,241	1,075	966	1,172	938	-
Debt/CF from Ops. ⓘ	1.8	0.7	3.4	2.2	1.2	0.8	0.1	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.3%	-14%	-18.1%	-45.3%
Adj EPS ⓘ	6.8%	-6.2%	-6.3%	-37.2%
BVPSⓘ	11.4%	9.9%	8.5%	5%
Share Price	7.1%	1.1%	0.8%	-13.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	11.6	11.6	14	14.7	17.8	13.1	12.3	10.7	13.2	7.7	6.5
Op. Profit Mgn % ⓘ	87.3	86.5	86.2	82.2	66.7	70.9	69.3	71.4	74	73	62.3
Net Profit Mgn % ⓘ	44.9	48.3	50.2	42.4	47	44.8	48.6	53.6	63.2	72.7	66.4
Debt to Equity ⓘ	0.3	0.1	0.6	0.4	0.2	0.1	0	0	0	0	-
Working Cap Days ⓘ	237	193	110	86	75	82	86	119	191	384	473
Cash Conv. Cycle ⓘ	62	71	47	40	35	26	24	37	39	70	351

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	12.6	18.7
TTM Sales (₹ Cr.)	1,068	17,077
BVPS (₹) ⓘ	197.5	218.4
Reserves (₹ Cr.) ⓘ	10,577	11,756
P/BV ⓘ	1.38	1.25
PE ⓘ	21.64	14.60

From the Market
52 Week Low / High (₹)	226.00 / 360.00
All Time Low / High (₹)	25.25 / 469.60
Market Cap (₹ Cr.)	15,366
Equity (₹ Cr.)	564.2
Face Value (₹)	10
Industry PE ⓘ	19.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Guj. State Petronet - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	992	1,028	1,332	1,877	2,363	2,079	2,020	1,762	2,032	1,111
Operating Expenses ⓘ +	126	139	184	335	787	606	622	503	527	300
Manufacturing Costs	58	65	95	212	644	474	487	343	362	141
Material Costs	0	0	0	0	0	0	0	16	17	0
Employee Cost	36	39	43	65	62	59	65	72	80	87
Other Costs ⓘ	31	36	46	57	81	72	70	72	69	71
Operating Profit ⓘ	866	888	1,148	1,543	1,576	1,473	1,398	1,259	1,504	811
Operating Profit Margin (%)	87.3%	86.4%	86.2%	82.2%	66.7%	70.9%	69.2%	71.4%	74.0%	73.0%
Other Income ⓘ +	66	88	73	59	65	69	105	168	335	404
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	80	60	35	219	164	93	31	5	5	8
Depreciation ⓘ	183	179	175	180	195	203	196	194	192	204
Profit Before Tax ⓘ	669	738	1,011	1,203	1,282	1,247	1,275	1,229	1,642	1,003
Tax ⓘ	223	241	342	408	171	316	296	284	358	196
Profit After Tax	445	497	668	795	1,111	931	979	945	1,285	808
PAT Margin (%)	44.9%	48.3%	50.2%	42.3%	47.0%	44.8%	48.5%	53.6%	63.2%	72.7%
Adjusted EPS (₹)	7.9	8.8	11.9	14.1	19.7	16.5	17.4	16.8	22.8	14.3
Dividend Payout Ratio (%)	19%	17%	15%	14%	10%	12%	12%	30%	22%	35%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	4,064	4,492	5,062	5,742	6,722	7,545	8,443	9,273	10,270	10,783
Share Capital ⓘ	563	564	564	564	564	564	564	564	564	564
Reserves ⓘ	3,501	3,929	4,499	5,178	6,158	6,981	7,879	8,709	9,706	10,219
Debt +	790	501	1,759	1,286	544	750	35	0	0	0
Long Term Debt	790	501	1,759	1,286	544	325	0	0	0	0
Short Term Debt	0	0	0	0	0	425	35	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	15	14	19	24	41	62	65	51	38	79
Others Liabilities ⓘ	977	826	2,108	1,898	1,796	1,016	797	764	773	1,130
Total Liabilities ⓘ	5,846	5,833	8,949	8,950	9,103	9,373	9,340	10,088	11,081	11,992
Fixed Assets
Net Fixed Assets ⓘ +	3,123	3,166	3,114	3,607	3,586	3,467	3,325	3,155	3,035	3,565
Gross Block	3,306	3,528	3,651	4,324	4,485	4,579	4,634	4,657	4,728	5,455
Accumulated Depreciation	183	362	537	717	899	1,112	1,308	1,501	1,693	1,891
CWIP ⓘ	768	686	896	419	237	222	253	426	762	282
Investments ⓘ	731	765	4,181	4,277	4,611	5,006	5,174	5,170	5,330	5,339
Inventories	118	112	123	128	126	130	189	212	211	257
Trade Receivables	152	119	124	208	164	160	130	144	141	110
Cash Equivalents	553	803	365	158	96	88	86	692	473	1,931
Others Assets ⓘ	402	182	146	152	283	301	183	290	1,129	509
Total Assets ⓘ	5,846	5,833	8,949	8,950	9,103	9,373	9,340	10,088	11,081	11,992

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	603	944	894	1,088	1,360	1,241	1,075	966	1,172	938
PBT ⓘ	669	738	1,011	1,203	1,279	1,238	1,316	1,229	1,642	1,003
Adjustment ⓘ	205	175	143	345	301	237	85	39	-127	-179
Changes in Working Capital ⓘ	-65	253	51	-96	89	68	-20	-27	11	312
Tax Paid ⓘ	-206	-223	-311	-364	-308	-303	-306	-274	-353	-198
Cash Flow From Investing Activity ⓘ +	-321	-368	-3,174	-8	-310	-438	-4	-702	-1,016	-621
Capex	-177	-105	-269	-212	-107	-112	-80	-189	-416	-223
Net Investments	-203	-332	-2,979	148	-259	-385	-15	-626	-925	-758
Others ⓘ	59	70	75	56	56	59	91	114	325	360
Cash Flow From Financing Activity ⓘ +	-297	-637	2,286	-1,033	-1,030	-809	-1,082	-203	-284	-284
Net Proceeds from Shares ⓘ	3	2	2	1	1	1	0	0	0	0
Net Proceeds from Borrowing ⓘ	-98	-433	2,424	-691	-734	-604	-935	-88	0	0
Interest Paid ⓘ	-121	-104	-37	-230	-168	-93	-34	-1	-1	-0
Dividend Paid ⓘ	-81	-102	-102	-113	-128	-113	-113	-113	-282	-282
Others ⓘ	0	0	-0	-0	-1	-0	-1	-1	-1	-2
Net Cash Flow ⓘ	-15	-61	7	48	20	-6	-11	62	-127	33

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	11.6	11.61	13.99	14.71	17.83	13.05	12.25	10.67	13.15	7.67
ROCE (%)	15.1	15.54	15.79	17.52	17.58	15.83	15.27	13.85	16.86	9.61
Asset Turnover Ratio	0.17	0.18	0.18	0.21	0.26	0.23	0.22	0.18	0.19	0.1
PAT to CFO Conversion(x)	1.36	1.9	1.34	1.37	1.22	1.33	1.1	1.02	0.91	1.16
Working Capital Days
Receivable Days	56	48	33	32	29	28	26	28	26	41
Inventory Days	42	41	32	24	20	22	29	42	38	77
Payable Days	0	0	0	0	0	0	0	1,344	978	0

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Gujarat State Petronet Ltd FAQs

The current trading price of Guj. State Petronet on 17-Apr-2026 16:59 is ₹272.4.

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 16-Apr-2026 the market cap of Guj. State Petronet stood at ₹15,366.3 Cr

The latest P/E ratio of Guj. State Petronet as of 16-Apr-2026 is 21.64.

The latest P/B ratio of Guj. State Petronet as of 16-Apr-2026 is 1.38.

The 52-week high of Guj. State Petronet is ₹360.0 and the 52-week low is ₹226.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Guj. State Petronet is ₹1,068 ( Cr.) .

About Gujarat State Petronet Ltd

Gujarat State Petronet Ltd. (GSPL), a GSPC Group company is a pioneer in developing energy transportation infrastructure and connecting natural gas supply sources including LNG terminals to growing markets. GSPL is continuously expanding its pipeline network currently in Gujarat to reach the demand centres by laying gas pipeline network. GSPL was set up to complement the efforts of Gujarat State Petroleum Corporation (GSPC). The company has developed requisite expertise and confidence with proven project management competencies. GSPL is first Pipeline Company in India operating on open access basis and is a pure transmission network.

GSPL is laying a gas grid, to facilitate gas transmission from supply points to demand centres. The gas grid is equipped with the latest bi-directional gas transmission technology to enable two-way gas flow. This introduces a lot of flexibility into transmission by allowing gas to be sourced or uploaded at either end of the pipeline network. Besides, the network is continuously monitored using SCADA systems integrated with GIS technology. Office Address of Gujarat State Petronet Limited is GSPL Bhavan, E-18, GIDC Electronics Estate, Nr.K-7 Circle, Sector -26 Gandhinagar-382 028, Gujarat, India.

Business area of company

Gujarat State Petronet Limited is a natural gas infrastructure and transmission company engaged in gas transportation business. The Company is engaged in transmission of natural gas through pipelines on an open access basis from supply points to demand centers. It also generates electricity through windmills. Its segments include Gas Transportation and Windmill.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Gujarat State Petronet Ltd (GSPL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Guj. State Petronet Share Price