Gujarat State Petronet Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 15.2%)
- Attractively valued vs sector (P/E 14.4x vs industry 26.8x)
- Virtually debt-free
- Regular dividends — yield 1.9%
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,322 | ₹17.9L Cr | 23.9 | 1.98 | 8.91 | 10.3 | 0.45 |
| ONGC Oil & Natural Gas Corporation Limited | ₹235 | ₹3.0L Cr | 6.75 | 0.79 | 11.6 | 14.2 | 0.48 |
| COALINDIA Coal India Limited | ₹415 | ₹2.6L Cr | 8.2 | 2.15 | 28.2 | 35 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹138 | ₹1.9L Cr | 5.77 | 0.89 | 20.5 | 18.7 | 0.74 |
| BPCL Bharat Petroleum Corporation Limited | ₹316 | ₹1.4L Cr | 8.84 | 1.37 | 28.8 | 25.6 | 0.56 |
| GAIL GAIL (India) Limited | ₹173 | ₹1.1L Cr | 11.5 | 1.28 | 8.71 | 9.67 | 0.25 |
| OIL Oil India Limited | ₹488 | ₹79K Cr | 9.51 | 1.37 | 12.2 | 11.5 | 0.64 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
GSPL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 37.63% | 37.63% | 37.63% | 37.63% | 37.63% | 37.63% |
| FII | 16.03% | 15.67% | 15.84% | 15.21% | 14.67% | 14.75% |
| DII | 24.77% | 24.74% | 23.57% | 24.87% | 25.80% | 25.79% |
| Public | 19.56% | 19.95% | 20.95% | 12.29% | 19.89% | 19.82% |
| Govt | 2.01% | 2.01% | 2.01% | 10.00% | 2.02% | 2.01% |
Corporate Events
Dividend - Rs 5 Per Share
Dividend - Rs 5 Per Share
Dividend - Rs 5 Per Share
Latest News
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Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.9K Cr 3.1% | ₹4.0K Cr 2.4% | ₹4.1K Cr 4.3% | ₹4.3K Cr 1.6% | ₹4.4K Cr 9.2% | ₹4.0K Cr 15.5% | ₹4.7K Cr 4.3% | ₹4.5K Cr |
| Op. Profit | ₹612 Cr 0.5% | ₹609 Cr 15.2% | ₹718 Cr 26.6% | ₹567 Cr 2.5% | ₹553 Cr 19.6% | ₹688 Cr 16.3% | ₹822 Cr 14.6% | ₹962 Cr |
| OPM | 16.0% 6.7% | 15.0% 11.8% | 17.0% 30.8% | 13.0% 0.0% | 13.0% 23.5% | 17.0% 0.0% | 17.0% 19.0% | 21.0% |
| Net Profit | ₹379 Cr 2.6% | ₹389 Cr 16.3% | ₹465 Cr 32.1% | ₹352 Cr 5.1% | ₹335 Cr 20.8% | ₹423 Cr 19.7% | ₹527 Cr 20.5% | ₹663 Cr |
| EPS (₹) | 4.55 1.5% | 4.62 17.2% | 5.58 43.1% | 3.9 6.0% | 4.15 16.8% | 4.99 25.0% | 6.65 21.0% | 8.42 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹17.4K Cr 0.4% | ₹17.3K Cr 4.5% | ₹18.1K Cr 0.7% | ₹18.0K Cr 56.0% | ₹11.5K Cr 5.8% | ₹12.2K Cr 31.0% | ₹9.3K Cr 28.7% | ₹7.3K Cr 23.0% | ₹5.9K Cr |
| Expenses | ₹14.7K Cr 6.0% | ₹13.9K Cr 3.8% | ₹14.4K Cr 0.4% | ₹14.5K Cr 82.0% | ₹8.0K Cr 11.8% | ₹9.0K Cr 32.7% | ₹6.8K Cr 30.4% | ₹5.2K Cr 22.5% | ₹4.3K Cr |
| Op. Profit | ₹2.6K Cr 22.2% | ₹3.4K Cr 7.4% | ₹3.7K Cr 5.1% | ₹3.5K Cr 2.1% | ₹3.6K Cr 11.1% | ₹3.2K Cr 26.7% | ₹2.5K Cr 24.3% | ₹2.0K Cr 24.5% | ₹1.6K Cr |
| OPM | 15.0% 25.0% | 20.0% 0.0% | 20.0% 5.3% | 19.0% 38.7% | 31.0% 19.2% | 26.0% 3.7% | 27.0% 3.6% | 28.0% 0.0% | 28.0% |
| Other Income | ₹350 Cr 41.1% | ₹248 Cr 82.4% | ₹136 Cr 8.1% | ₹148 Cr 13.8% | ₹130 Cr 20.4% | ₹108 Cr 20.0% | ₹135 Cr 10.7% | ₹122 Cr 3.4% | ₹118 Cr |
| Interest | ₹57 Cr 1.8% | ₹56 Cr 20.0% | ₹70 Cr 37.5% | ₹112 Cr 50.7% | ₹227 Cr 38.5% | ₹369 Cr 13.6% | ₹427 Cr 76.4% | ₹242 Cr 12.9% | ₹278 Cr |
| Depreciation | ₹709 Cr 6.8% | ₹664 Cr 6.9% | ₹621 Cr 7.3% | ₹579 Cr 6.8% | ₹542 Cr 4.6% | ₹518 Cr 10.7% | ₹468 Cr 4.7% | ₹447 Cr 2.5% | ₹436 Cr |
| PBT | ₹2.2K Cr 23.9% | ₹2.9K Cr 6.1% | ₹3.1K Cr 5.7% | ₹3.0K Cr 0.7% | ₹2.9K Cr 20.4% | ₹2.4K Cr 37.0% | ₹1.8K Cr 20.5% | ₹1.5K Cr 41.2% | ₹1.0K Cr |
| Tax % | 27.0% 3.8% | 26.0% 4.0% | 25.0% 0.0% | 25.0% 0.0% | 25.0% 257.1% | 7.0% 78.8% | 33.0% 5.7% | 35.0% 12.9% | 31.0% |
| Net Profit | ₹1.6K Cr 25.0% | ₹2.2K Cr 6.7% | ₹2.3K Cr 5.0% | ₹2.2K Cr 1.8% | ₹2.2K Cr 3.8% | ₹2.3K Cr 91.5% | ₹1.2K Cr 24.2% | ₹958 Cr 33.4% | ₹718 Cr |
| EPS (₹) | 19.69 33.0% | 29.41 1.1% | 29.09 0.2% | 29.04 2.0% | 28.48 7.1% | 30.65 73.1% | 17.71 34.7% | 13.15 33.6% | 9.84 |
| Div Payout | 25.0% 47.1% | 17.0% 0.0% | 17.0% 142.9% | 7.0% 0.0% | 7.0% 0.0% | 7.0% 36.4% | 11.0% 15.4% | 13.0% 13.3% | 15.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr 0.0% | ₹564 Cr |
| Reserves | ₹11.4K Cr 2.7% | ₹11.1K Cr 8.0% | ₹10.3K Cr 15.5% | ₹8.9K Cr 20.8% | ₹7.4K Cr 26.2% | ₹5.8K Cr 34.9% | ₹4.3K Cr 58.2% | ₹2.7K Cr 46.4% | ₹1.9K Cr 52.9% | ₹4.0K Cr |
| Borrowings | ₹140 Cr 1.4% | ₹138 Cr 1.4% | ₹140 Cr 6.0% | ₹149 Cr 79.1% | ₹713 Cr 64.4% | ₹2.0K Cr 44.8% | ₹3.6K Cr 20.7% | ₹4.6K Cr 15.0% | ₹5.4K Cr 80.2% | ₹3.0K Cr |
| Other Liabilities | ₹9.8K Cr 9.1% | ₹9.0K Cr 11.5% | ₹8.1K Cr 4.8% | ₹7.7K Cr 15.9% | ₹6.7K Cr 15.4% | ₹5.8K Cr 19.4% | ₹4.8K Cr 5.5% | ₹4.6K Cr 10.6% | ₹4.1K Cr 3.4% | ₹4.3K Cr |
| Total Liabilities | ₹21.9K Cr 5.4% | ₹20.8K Cr 9.2% | ₹19.1K Cr 10.0% | ₹17.3K Cr 13.2% | ₹15.3K Cr 7.9% | ₹14.2K Cr 6.1% | ₹13.3K Cr 7.1% | ₹12.5K Cr 4.2% | ₹12.0K Cr 1.3% | ₹11.8K Cr |
Assets | ||||||||||
| Fixed Assets | ₹11.6K Cr 0.5% | ₹11.7K Cr 8.5% | ₹10.8K Cr 2.8% | ₹10.5K Cr 5.4% | ₹9.9K Cr 4.7% | ₹9.5K Cr 2.6% | ₹9.3K Cr 4.0% | ₹8.9K Cr 8.4% | ₹8.2K Cr 1.7% | ₹8.1K Cr |
| CWIP | ₹1.1K Cr 1.2% | ₹1.1K Cr 33.3% | ₹1.7K Cr 19.2% | ₹1.4K Cr 13.2% | ₹1.2K Cr 30.6% | ₹953 Cr 18.1% | ₹807 Cr 11.1% | ₹908 Cr 33.9% | ₹1.4K Cr 15.3% | ₹1.2K Cr |
| Investments | ₹1.8K Cr 1.1% | ₹1.8K Cr 5.1% | ₹1.9K Cr 16.5% | ₹1.6K Cr 2.9% | ₹1.7K Cr 14.6% | ₹1.5K Cr 42.4% | ₹1.0K Cr 47.0% | ₹696 Cr 18.0% | ₹590 Cr 25.8% | ₹469 Cr |
| Other Assets | ₹7.4K Cr 19.1% | ₹6.2K Cr 31.6% | ₹4.7K Cr 23.7% | ₹3.8K Cr 56.4% | ₹2.4K Cr 7.6% | ₹2.3K Cr 0.1% | ₹2.3K Cr 15.5% | ₹2.0K Cr 9.5% | ₹1.8K Cr 13.9% | ₹2.1K Cr |
| Total Assets | ₹21.9K Cr 5.4% | ₹20.8K Cr 9.2% | ₹19.1K Cr 10.0% | ₹17.3K Cr 13.2% | ₹15.3K Cr 7.9% | ₹14.2K Cr 6.1% | ₹13.3K Cr 7.1% | ₹12.5K Cr 4.2% | ₹12.0K Cr 1.3% | ₹11.8K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹2.7K Cr 2.2% | ₹2.8K Cr 16.1% | ₹3.3K Cr 21.5% | ₹2.7K Cr 5.1% | ₹2.9K Cr 4.5% | ₹2.8K Cr 35.6% | ₹2.0K Cr 22.5% | ₹1.7K Cr 1.5% | ₹1.6K Cr 172.6% | ₹603 Cr |
| Investing CF | ₹-2.8K Cr 28.6% | ₹-2.1K Cr 18.0% | ₹-1.8K Cr 33.6% | ₹-1.4K Cr 25.8% | ₹-1.1K Cr 34.0% | ₹-806 Cr 31.7% | ₹-612 Cr 83.0% | ₹-3.6K Cr 330.3% | ₹-835 Cr 160.1% | ₹-321 Cr |
| Financing CF | ₹-544 Cr 0.5% | ₹-547 Cr 32.0% | ₹-805 Cr 51.5% | ₹-1.7K Cr 20.8% | ₹-2.1K Cr 40.3% | ₹-1.5K Cr 8.1% | ₹-1.4K Cr 168.7% | ₹2.0K Cr 329.0% | ₹-879 Cr 196.0% | ₹-297 Cr |
| Net Cash Flow | ₹-556 Cr 587.7% | ₹114 Cr 84.2% | ₹720 Cr 365.7% | ₹-271 Cr 2.9% | ₹-279 Cr 159.2% | ₹471 Cr 842.0% | ₹50 Cr 43.8% | ₹89 Cr 227.1% | ₹-70 Cr 366.7% | ₹-15 Cr |
| Free Cash Flow | ₹1.8K Cr 13.9% | ₹1.6K Cr 24.8% | ₹2.1K Cr 41.6% | ₹1.5K Cr 28.7% | ₹2.0K Cr 1.3% | ₹2.1K Cr 60.3% | ₹1.3K Cr 39.6% | ₹924 Cr 12.7% | ₹1.1K Cr 148.6% | ₹426 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24d 0.0% | 24d 4.3% | 23d 9.5% | 21d 30.0% | 30d 50.0% | 20d 25.9% | 27d 8.0% | 25d 10.7% | 28d 50.0% | 56d |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conv. Cycle | 24d 0.0% | 24d 4.3% | 23d 9.5% | 21d 30.0% | 30d 50.0% | 20d 25.9% | 27d 8.0% | 25d 10.7% | 28d 50.0% | 56d |
| Working Capital Days | -5d 44.4% | -9d 64.0% | -25d 8.7% | -23d 58.2% | -55d 9.8% | -61d 18.7% | -75d 33.6% | -113d 85.2% | -61d 7.0% | -57d |
| ROCE | 15.0% 28.6% | 21.0% 22.2% | 27.0% 3.6% | 28.0% 9.7% | 31.0% 3.3% | 30.0% 20.0% | 25.0% 25.0% | 20.0% 5.3% | 19.0% 26.7% | 15.0% |
Source: Screener.in · Lower days = better efficiency
About Gujarat State Petronet Limited
Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013. Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills. [1]
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