Financials Gujarat State Petronet Limited

Equities

GSPL

INE246F01010

Natural Gas Utilities

Delayed NSE India S.E. 01:31:46 2024-05-06 am EDT 5-day change 1st Jan Change
294 INR -0.99% Intraday chart for Gujarat State Petronet Limited -1.51% -3.92%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 107,549 97,279 154,227 146,159 149,516 167,543 - -
Enterprise Value (EV) 1 118,822 101,764 156,597 145,767 141,424 157,103 151,631 146,022
P/E ratio 13.5 x 8.78 x 16.7 x 14.5 x 15.8 x 12.6 x 18.3 x 17.8 x
Yield 1.05% 1.16% 0.73% 0.77% 1.89% 2.37% 1.58% 1.67%
Capitalization / Revenue 5.73 x 4.11 x 7.42 x 7.24 x 8.49 x 8.38 x 9.97 x 9.81 x
EV / Revenue 6.33 x 4.3 x 7.53 x 7.22 x 8.03 x 7.86 x 9.02 x 8.55 x
EV / EBITDA 7.51 x 6.46 x 10.6 x 10.4 x 11.2 x 10.4 x 13.4 x 13.1 x
EV / FCF 13.6 x 8.12 x 13.9 x 14.6 x 18.2 x 25.5 x 20.3 x 19.9 x
FCF Yield 7.34% 12.3% 7.21% 6.83% 5.5% 3.93% 4.93% 5.03%
Price to Book 1.87 x 1.45 x 2.04 x 1.73 x 1.77 x 1.65 x 1.56 x 1.47 x
Nbr of stocks (in thousands) 563,971 564,101 564,211 564,211 564,211 564,211 - -
Reference price 2 190.7 172.4 273.4 259.0 265.0 297.0 297.0 297.0
Announcement Date 5/9/19 6/8/20 6/3/21 5/12/22 5/11/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,772 23,686 20,794 20,200 17,618 19,995 16,802 17,079
EBITDA 1 15,818 15,749 14,733 13,976 12,587 15,093 11,279 11,168
EBIT 1 13,626 13,783 12,703 12,016 10,648 13,060 9,235 9,607
Operating Margin 72.59% 58.19% 61.09% 59.49% 60.44% 65.32% 54.96% 56.25%
Earnings before Tax (EBT) 1 12,028 12,786 12,467 12,748 12,286 16,914 11,633 11,639
Net income 1 7,947 11,087 9,242 10,097 9,450 13,250 8,965 9,013
Net margin 42.33% 46.81% 44.45% 49.99% 53.64% 66.27% 53.36% 52.77%
EPS 2 14.09 19.65 16.38 17.90 16.75 23.48 16.22 16.64
Free Cash Flow 1 8,718 12,529 11,286 9,953 7,772 6,170 7,478 7,347
FCF margin 46.44% 52.9% 54.27% 49.27% 44.11% 30.86% 44.51% 43.02%
FCF Conversion (EBITDA) 55.11% 79.56% 76.6% 71.22% 61.75% 40.88% 66.31% 65.79%
FCF Conversion (Net income) 109.7% 113.01% 122.11% 98.57% 82.25% 46.56% 83.42% 81.52%
Dividend per Share 2 2.000 2.000 2.000 2.000 5.000 7.042 4.684 4.945
Announcement Date 5/9/19 6/8/20 6/3/21 5/12/22 5/11/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2019 S1 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 9,896 11,479 10,413 5,800 4,650 5,272 5,885 - 4,712 4,331 4,818 4,346 4,024 4,430 4,412 4,646 5,003 5,228 -
EBITDA 1 8,601 8,391 7,269 3,984 3,442 3,744 3,806 7,550 3,365 3,062 3,602 3,338 2,699 2,947 3,364 3,648 3,908 3,859 -
EBIT 1 - - - 3,473 2,945 3,263 3,315 - 2,870 2,568 3,123 2,851 2,210 2,464 2,896 3,195 3,168 3,133 -
Operating Margin - - - 59.88% 63.34% 61.9% 56.32% - 60.92% 59.29% 64.83% 65.59% 54.92% 55.63% 65.65% 68.77% 63.32% 59.93% -
Earnings before Tax (EBT) 1 - - 6,246 3,328 2,833 3,161 4,133 - 2,856 2,598 3,149 3,877 2,329 2,931 3,066 4,784 3,597 3,566 -
Net income 1 4,678 6,610 4,705 2,475 2,063 2,319 3,277 - 2,481 2,020 2,355 3,142 1,709 2,243 2,293 3,568 2,799 2,952 -
Net margin 47.27% 57.58% 45.18% 42.67% 44.35% 43.99% 55.68% - 52.66% 46.65% 48.88% 72.29% 42.48% 50.64% 51.97% 76.8% 55.94% 56.47% -
EPS 2 - 11.72 8.340 4.390 3.660 4.110 5.810 - 4.400 3.580 4.170 5.570 3.030 3.980 4.060 7.950 5.184 5.419 -
Dividend per Share 2 - - - - 2.000 - - - - 2.000 - - - 5.000 1.229 1.229 1.564 1.732 0.7594
Announcement Date 11/3/18 11/8/19 11/11/20 2/10/21 6/3/21 8/9/21 11/3/21 11/3/21 2/10/22 5/12/22 8/4/22 11/10/22 2/13/23 5/11/23 8/4/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,273 4,484 2,370 - - - - -
Net Cash position 1 - - - 392 8,092 10,440 15,911 21,521
Leverage (Debt/EBITDA) 0.7127 x 0.2847 x 0.1608 x - - - - -
Free Cash Flow 1 8,718 12,529 11,286 9,953 7,772 6,170 7,479 7,347
ROE (net income / shareholders' equity) 14.7% 17.8% 13% 12.6% 10.7% 13.5% 9.01% 8.74%
ROA (Net income/ Total Assets) 8.88% 12.3% 10.1% 10.8% 9.73% 10.9% 5.9% 5.3%
Assets 1 89,492 90,264 91,739 93,564 97,141 121,563 151,954 170,054
Book Value Per Share 2 102.0 119.0 134.0 150.0 150.0 180.0 191.0 201.0
Cash Flow per Share 2 22.90 24.10 22.00 19.00 17.10 22.00 20.10 19.70
Capex 1 2,165 1,073 1,126 773 1,892 5,278 4,907 4,705
Capex / Sales 11.53% 4.53% 5.42% 3.83% 10.74% 26.4% 29.21% 27.55%
Announcement Date 5/9/19 6/8/20 6/3/21 5/12/22 5/11/23 - - -
1INR in Million2INR
Estimates
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