Gujarat State Petronet
Gujarat State Petronet Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Gujarat State Petronet Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Gujarat State Petronet Ltd trades at a P/E of 16.31× and P/B of 1.44×, against the Utilities sector median P/E of 8.64×.
Valuation
Profitability
Growth
Financial Health
Gujarat State Petronet Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Gujarat State Petronet Ltd, switchable between annual and quarterly views, consolidated or standalone.
Gujarat State Petronet Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current reported EPS of ₹18.65.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 9,553 | 12,470 | 11,726 | 18,322 | 18,663 | 17,898 | 18,068 |
| Other Income | 138 | 108 | 91 | 106 | 133 | 186 | 350 |
| Total Income | 9,691 | 12,578 | 11,817 | 18,428 | 18,796 | 18,084 | 18,418 |
| Cost of Goods Sold (COGS) | 5,797 | 7,459 | 6,586 | 12,951 | 12,884 | 12,145 | 12,988 |
| Gross Profit | 3,757 | 5,011 | 5,140 | 5,371 | 5,779 | 5,753 | 5,080 |
| +Operating Expenses | 1,216 | 1,788 | 1,566 | 1,870 | 2,100 | 2,370 | 2,389 |
| EBITDA | 2,540 | 3,223 | 3,574 | 3,500 | 3,680 | 3,383 | 2,691 |
| +Non-Operating Expenses | 877 | 887 | 768 | 679 | 691 | 752 | 746 |
| Profit Before Tax (PBT) | 1,766 | 2,444 | 2,897 | 2,903 | 3,122 | 2,929 | 2,295 |
| +Tax Expense | 590 | 159 | 743 | 726 | 783 | 751 | 597 |
| Profit After Tax (PAT) | 1,190 | 2,279 | 2,192 | 2,231 | 2,342 | 2,184 | 1,637 |
| Earnings Per Share (EPS) | 17.71 | 30.65 | 28.48 | 29.04 | 29.09 | 29.41 | 19.69 |
| Diluted Shares Outstanding (Nos.) | 56 | 56 | 56 | 56 | 56 | 56 | 56 |
| +Additional Disclosures | 13,905 | 18,130 | 16,143 | 29,115 | 29,268 | 27,888 | 29,573 |
| Sales Growth % | — | 30.54 | -5.97 | 56.25 | 1.86 | -4.10 | 0.95 |
| YoY Sales Growth % | — | 30.54 | -5.97 | 56.25 | 1.86 | -4.10 | 0.95 |
| Material Cost % | 61 | 60 | 56 | 71 | 69 | 68 | 72 |
| Employee Cost % | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Other Cost % | 10 | 12 | 11 | 9 | 10 | 12 | 12 |
| OPM % | 27 | 26 | 30 | 19 | 20 | 19 | 15 |
| Tax % | 33 | 7 | 26 | 25 | 25 | 26 | 26 |
| Profit Growth % | — | 91.42 | -3.78 | 1.76 | 4.98 | -6.76 | -25.02 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 2,072 | 2,705 | 3,033 | 2,921 | 3,059 | 2,719 | 1,982 |
Gujarat State Petronet segment analysis: revenue and profit mix.
Disclosed business segments at Gujarat State Petronet with their share of revenue and profit, switchable between consolidated and standalone reporting.
Gujarat State Petronet discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Gujarat State Petronet Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Gujarat State Petronet Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Gujarat State Petronet Ltd's investment case rests on 6 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
GSPL exhibits a remarkably low debt-to-equity ratio of 0.01, indicating strong financial health and minimal reliance on external borrowing. This is complemented by a robust Return on Capital Employed (ROCE) of 15.20%, showcasing efficient utilization of capital in generating profits.
The company's Price-to-Earnings (PE) ratio of 16.80 is reasonable, especially when considering its respectable Return on Equity (ROE) of 9.89%. This suggests a potentially fair valuation for investors, coupled with decent profitability relative to shareholder investments.
A consistent promoter holding of 37.6% reflects strong confidence from key stakeholders in GSPL's long-term prospects. This stable ownership structure provides reassurance to investors, signaling commitment and reduced risk from ownership changes.
As a key player in Gas Transmission/Marketing, GSPL is positioned to benefit from the broader "Oil Gas & Consumable Fuels" sector growth. Increasing demand for natural gas as a cleaner fuel source could drive expansion in its core business.
Given its role in gas transmission, GSPL has opportunities to expand its pipeline network and infrastructure. This could tap into new geographical markets or cater to rising industrial and domestic gas consumption, enhancing revenue streams.
What can break it.
GSPL reported a significant decline in quarterly sales by -13.10% and a notable drop in quarterly profit by -16.10%. This trend raises concerns about short-term operational challenges and potential impacts on future earnings stability.
While stable, the promoter holding of 37.6% is relatively lower compared to some industry peers, potentially raising questions about the extent of control and long-term strategic alignment, which investors might scrutinize.
Recent five-day stock movements show some volatility, with daily changes like -0.48% and +1.54%. While not extreme, consistent fluctuations could indicate investor uncertainty or market sensitivity, impacting short-term investor sentiment.
The Return on Equity (ROE) at 9.89% is notably lower than the Return on Capital Employed (ROCE) of 15.20%. This disparity suggests that while the company uses its overall capital efficiently, the returns specifically to equity shareholders could be improved.
The "Gas Transmission/Marketing" industry faces competition from other energy sources and infrastructure providers. Competitors like GAIL (India) with a lower P/E of 12.48 and higher dividend yield of 4.08% could pose a significant challenge.
What would change my mind.
Trim if P/E re-rates above 21 (~2.4× the sector multiple of 8.6). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Gujarat State Petronet Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Gujarat State Petronet Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Gujarat State Petronet Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Gujarat State Petronet Ltd — derived from the live tape, not yesterday's close.
Gujarat State Petronet Ltd last traded at ₹268.35 with an intraday range of ₹257.15–₹290 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹268.35| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 352.22 | +83.87 | +31.25% |
| R3 | 319.37 | +51.02 | +19.01% |
| R2 | 304.68 | +36.33 | +13.54% |
| R1 | 286.52 | +18.17 | +6.77% |
| PIVOT | 271.83 | 3.48 | 1.30% |
| CURRENT | 268.35 | — | — |
| S1 | 187.97 | -80.38 | -29.95% |
| S2 | 220.82 | -47.53 | -17.71% |
| S3 | 238.98 | -29.37 | -10.94% |
| S4 | 253.67 | -14.68 | -5.47% |
GSPL is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ~
Trading Below opening range, showing Bearishness
Gujarat State Petronet Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Gujarat State Petronet Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Gujarat State Petronet Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Gujarat State Petronet Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Gujarat State Petronet Ltd stood at 68.6% of traded volume, against a 20-day average of 49.6%.
Gujarat State Petronet announcements: results, concalls, ratings, M&A.
Filings Gujarat State Petronet sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Gujarat State Petronet files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 97 documents below.
General Updates
Please find enclosed copy of letter sent to the shareholders
Scheme of Arrangement
Intimation under Regulation 30 - Effective Date of Scheme of Arrangement
Record Date
Gujarat State Petronet Limited has informed the Exchange that Record date for the purpose of Determining the shareholders of GSPL who shall be issued…
Outcome of Board Meeting
Gujarat State Petronet Limited has informed the Exchange regarding Outcome of Board Meeting held on April 29, 2026.
Copy of Newspaper Publication
Gujarat State Petronet Limited has informed the Exchange about Copy of Newspaper Publication.
Investor decks & rating reports.
Gujarat State Petronet dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Gujarat State Petronet has declared, sequenced by announce and record date.
Gujarat State Petronet corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Gujarat State Petronet Ltd: business, sector, key facts.
What Gujarat State Petronet Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Gujarat State Petronet Ltd operates in the Gas Utilities industry under the Utilities sector, listed as NSE: GSPL, BSE: 532702.
Gujarat State Petronet Limited (GSPL) is primarily engaged in the business of natural gas transmission across India. Operating on an open-access basis, GSPL's core competency lies in its extensive pipeline network that facilitates the movement of natural gas from supply sources to various consumption points throughout the country. This network connects key infrastructure elements, including liquefied natural gas (LNG) terminals, to diverse market segments, ensuring efficient and reliable gas delivery.
The company plays a vital role in India's energy infrastructure development. By connecting natural gas supply sources directly to consumers, GSPL ensures a stable and consistent supply to a wide array of industries. These customers include major players in diverse sectors such as refineries, steel production, fertilizer manufacturing, petrochemical processing, power generation, and various other industrial consumers including glass, textiles, and chemical manufacturing. Furthermore, GSPL also supplies natural gas to city gas distribution (CGD) companies, contributing to the development of a robust and accessible natural gas network for domestic use.
Beyond its core transmission business, GSPL also operates in city gas distribution, directly serving consumers in certain areas. This expansion into the downstream market demonstrates a commitment to vertical integration and provides added value to its overall operations. In addition to its transmission and distribution activities, GSPL further diversifies its energy portfolio through a foray into renewable energy generation, specifically through the operation of windmills. This aspect of the business showcases an effort to contribute to a cleaner and more sustainable energy future.
In essence, GSPL's business model combines the large-scale transportation of natural gas with downstream distribution and renewable energy generation. This integrated approach establishes the company as a key player in India's energy sector, contributing significantly to the country's energy security and diversification efforts. Its incorporation in 1998 and continued operation from its base in Gandhinagar, Gujarat, underline its long-standing commitment to the Indian energy market.
Questions investors ask about Gujarat State Petronet Ltd (GSPL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Gujarat State Petronet Ltd (GSPL)?
The current share price of Gujarat State Petronet Ltd (GSPL) is ₹268.35. Today, the stock has declined by ₹20.60 (7.13%), trading in a range of ₹257.15 to ₹290. The stock opened at ₹287.55 with a trading volume of 80,24,578 shares.
02Is Gujarat State Petronet Ltd stock a good investment for long-term?
Gujarat State Petronet Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹0 crores, P/E ratio of 16.31, ROE of 4.08%, and ROCE of 15.20%. The dividend yield stands at 2.68%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Gujarat State Petronet Ltd stock?
The 52-week high price of Gujarat State Petronet Ltd (GSPL) is ₹348, while the 52-week low is ₹226.35. Currently trading at ₹268.35, the stock is 34.5% away from its 52-week low and 22.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Gujarat State Petronet Ltd stock at the current price?
Whether to buy Gujarat State Petronet Ltd stock at ₹268.35 depends on multiple factors. The stock is currently trading with a P/E ratio of 16.31 and P/B ratio of 1.44. Today's performance shows a loss of 7.13%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Gujarat State Petronet Ltd and when is the next dividend?
Gujarat State Petronet Ltd offers a dividend yield of 2.68%, which means for every ₹100 invested at the current price of ₹268.35, you can expect to receive approximately ₹2.68 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Gujarat State Petronet Ltd?
Gujarat State Petronet Ltd's key financial metrics include: P/E Ratio: 16.31, P/B Ratio: 1.44, ROE: 4.08%, ROCE: 15.20%, Dividend Yield: 2.68%, EPS: ₹18.65, Book Value: ₹206.41, and Debt-to-Equity: 0.01. The company's market cap stands at ₹0 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Gujarat State Petronet Ltd stock performing today in the market?
Gujarat State Petronet Ltd stock opened at ₹287.55 and is currently trading at ₹268.35, showing a decline of ₹20.60 (7.13%). The intraday high is ₹290 and low is ₹257.15. The trading volume stands at 80,24,578 shares, indicating strong market participation today.
08What is the P/E ratio of Gujarat State Petronet Ltd and what does it indicate?
Gujarat State Petronet Ltd has a Price-to-Earnings (P/E) ratio of 16.31, which means investors are willing to pay ₹16.31 for every ₹1 of earnings. With an EPS of ₹18.65, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Gujarat State Petronet Ltd (GSPL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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