Financials Gujarat State Petronet Limited

Equities

GSPL

INE246F01010

Natural Gas Utilities

Market Closed - NSE India S.E. 12:43:54 28/06/2024 BST 5-day change 1st Jan Change
296.6 INR +0.07% Intraday chart for Gujarat State Petronet Limited -2.66% -3.09%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 107,549 97,279 154,227 146,159 149,516 167,317 - -
Enterprise Value (EV) 1 118,822 101,764 156,597 145,767 141,424 186,748 160,129 154,152
P/E ratio 13.5 x 8.78 x 16.7 x 14.5 x 15.8 x 15.7 x 23.3 x 21.2 x
Yield 1.05% 1.16% 0.73% 0.77% 1.89% 1.4% 1.3% 1.43%
Capitalization / Revenue 5.73 x 4.11 x 7.42 x 7.24 x 8.49 x 9.9 x 12 x 11 x
EV / Revenue 6.33 x 4.3 x 7.53 x 7.22 x 8.03 x 9.19 x 11.5 x 10.2 x
EV / EBITDA 7.51 x 6.46 x 10.6 x 10.4 x 11.2 x 12.4 x 18.4 x 16.3 x
EV / FCF 13.6 x 8.12 x 13.9 x 14.6 x 18.2 x 24.7 x 23 x 25.5 x
FCF Yield 7.34% 12.3% 7.21% 6.83% 5.5% 4.05% 4.35% 3.93%
Price to Book 1.87 x 1.45 x 2.04 x 1.73 x 1.77 x 1.96 x 1.55 x 1.47 x
Nbr of stocks (in thousands) 563,971 564,101 564,211 564,211 564,211 564,211 - -
Reference price 2 190.7 172.4 273.4 259.0 265.0 296.6 296.6 296.6
Announcement Date 09/05/19 08/06/20 03/06/21 12/05/22 11/05/23 08/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 18,772 23,686 20,794 20,200 17,618 20,315 13,951 15,159
EBITDA 1 15,818 15,749 14,733 13,976 12,587 15,041 8,705 9,453
EBIT 1 13,626 13,783 12,703 12,016 10,648 13,121 6,563 7,315
Operating Margin 72.59% 58.19% 61.09% 59.49% 60.44% 64.59% 47.04% 48.25%
Earnings before Tax (EBT) 1 12,028 12,786 12,467 12,748 12,286 16,422 9,468 10,219
Net income 1 7,947 11,087 9,242 10,097 9,450 12,846 7,170 7,878
Net margin 42.33% 46.81% 44.45% 49.99% 53.64% 63.23% 51.39% 51.97%
EPS 2 14.09 19.65 16.38 17.90 16.75 22.77 12.71 13.97
Free Cash Flow 1 8,718 12,529 11,286 9,953 7,772 7,567 6,965 6,054
FCF margin 46.44% 52.9% 54.27% 49.27% 44.11% 37.25% 49.93% 39.93%
FCF Conversion (EBITDA) 55.11% 79.56% 76.6% 71.22% 61.75% 50.31% 80.01% 64.04%
FCF Conversion (Net income) 109.7% 113.01% 122.11% 98.57% 82.25% 58.9% 97.14% 76.84%
Dividend per Share 2 2.000 2.000 2.000 2.000 5.000 5.000 3.859 4.226
Announcement Date 09/05/19 08/06/20 03/06/21 12/05/22 11/05/23 08/05/24 - -
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 5,243 -
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 3,850 -
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% 59.76% -
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 2,896 -
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% 55.23% -
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 5.335 -
Dividend per Share 2 - - - - 2.000 - - - - 2.000 - - - 5.000 1.229 1.229 1.564 1.732 0.7594
Announcement Date 03/11/18 08/11/19 11/11/20 10/02/21 03/06/21 09/08/21 03/11/21 03/11/21 10/02/22 12/05/22 04/08/22 10/11/22 13/02/23 11/05/23 04/08/23 - - - -
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 14,394 7,188 13,165
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 7,567 6,965 6,054
ROE (net income / shareholders' equity) 14.7% 17.8% 13% 12.6% 10.7% 13.2% 6.82% 7.77%
ROA (Net income/ Total Assets) 8.88% 12.3% 10.1% 10.8% 9.73% 12.1% 5.07% 5.25%
Assets 1 89,492 90,264 91,739 93,564 97,141 105,819 141,517 150,055
Book Value Per Share 2 102.0 119.0 134.0 150.0 150.0 182.0 192.0 202.0
Cash Flow per Share 2 22.90 24.10 22.00 19.00 17.10 20.80 12.30 11.10
Capex 1 2,165 1,073 1,126 773 1,892 4,157 4,807 4,789
Capex / Sales 11.53% 4.53% 5.42% 3.83% 10.74% 20.46% 34.46% 31.59%
Announcement Date 09/05/19 08/06/20 03/06/21 12/05/22 11/05/23 08/05/24 - -
1INR in Million2INR
Estimates
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  4. Financials Gujarat State Petronet Limited