
Gujarat State Petronet Latest Share Price (GSPL)
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With a market cap of ₹15,673.79 Cr., it trades at a P/E of 14.90. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Gujarat State Petronet flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●High Capital EfficiencyROCE of 15.2% indicating pricing power
- ●Reasonable ValuationTrading at a moderate P/E of 14.8x
- ●Steady Dividend YieldReliable 1.86% dividend yield
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 23.0% YoY
- ●Sales ContractionQuarterly sales dropped 13.1% YoY
Latest Gujarat State Petronet News
What changed recently?
Recent events, corporate actions, and announcements.
Gujarat State Petronet Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Gujarat State Petronet Limited, framed against the sector median so the premium or discount is obvious at a glance.
Gujarat State Petronet Limited trades at a P/E of 14.90× and P/B of 1.31×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Gujarat State Petronet Limited technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for Gujarat State Petronet Limited — derived from the latest tape, not yesterday's close.
Gujarat State Petronet Limited last traded at ₹268.35 with an intraday range of ₹257.15–₹290 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹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 | 253.67 | -14.68 | -5.47% |
| S2 | 238.98 | -29.37 | -10.94% |
| S3 | 220.82 | -47.53 | -17.71% |
| S4 | 187.97 | -80.38 | -29.95% |
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 Limited financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Gujarat State Petronet Limited — consolidated or standalone — with margins, YoY growth and key ratios inline.
Gujarat State Petronet Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹15,673.79 Cr. and reported EPS of ₹18.65.
| Metric | Mar 2024 | Mar 2025 |
|---|---|---|
| Revenue from Operations | 17,898 | 18,068 ▲ 1.0% |
| Sales Growth YoY %Derived | -4.10% | 0.95% |
| Other Income | 186 | 350 ▲ 87.7% |
| Total Income | 18,084 | 18,418 ▲ 1.8% |
| 12,145 | 12,988 ▲ 6.9% | |
| Gross ProfitDerived | 5,753 | 5,080 ▼ 11.7% |
| Gross Margin %Derived | 32.14% | 28.12% |
| 2,370 | 2,389 ▲ 0.8% | |
| EBITDA (Operating Profit)Derived | 3,383 | 2,691 ▼ 20.5% |
| OPM %Derived | 18.90% | 14.89% |
| 752 | 746 ▼ 0.7% | |
| Profit Before Tax (PBT) | 2,929 | 2,295 ▼ 21.7% |
| 751 | 597 ▼ 20.5% | |
| Effective Tax %Derived | 25.64% | 26.01% |
| Total Profit for Period | 2,184 | 1,637 ▼ 25.0% |
| Less: Non-controlling Interests | 524 | 526 ▲ 0.4% |
| Net Profit (Owner's PAT)Derived | 1,660 | 1,111 ▼ 33.0% |
| Net Profit Margin %Derived | 9.27% | 6.15% |
| PAT Growth YoY %Derived | 1.10% | -33.05% |
| Earnings Per Share (EPS ₹) | 29.41 | 19.69 ▼ 33.0% |
| Diluted Shares Outstanding (Cr) | 56 | 56 ▲ 0.0% |
| Share of Profit from Associates/JVs | 5 | -61 ▼ 1207.4% |
| Other Comprehensive Income (Net of Tax) | 2 | -4 ▼ 268.2% |
| Total Expenses (incl. D&A & Interest) | 15,155 | 16,123 ▲ 6.4% |
| Material Cost % of RevenueDerived | 67.86% | 71.91% |
| Employee Cost % of RevenueDerived | 1.56% | 1.53% |
| Other Cost % of RevenueDerived | 11.68% | 11.69% |
| Interest Coverage (x)Derived | 84.76x | 53.04x |
| Period | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Trend |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 9,553 | 12,470 ▲ 30.5% | 11,726 ▼ 6.0% | 18,322 ▲ 56.3% | 18,663 ▲ 1.9% | 17,898 ▼ 4.1% | 18,068 ▲ 1.0% | |
| Sales Growth YoY %Derived | — | 30.54% | -5.97% | 56.25% | 1.86% | -4.10% | 0.95% | |
| Other Income | 138 | 108 ▼ 22.1% | 91 ▼ 15.4% | 106 ▲ 15.9% | 133 ▲ 26.0% | 186 ▲ 40.2% | 350 ▲ 87.7% | |
| Total Income | 9,691 | 12,578 ▲ 29.8% | 11,817 ▼ 6.1% | 18,428 ▲ 55.9% | 18,796 ▲ 2.0% | 18,084 ▼ 3.8% | 18,418 ▲ 1.8% | |
5,797 | 7,459 ▲ 28.7% | 6,586 ▼ 11.7% | 12,951 ▲ 96.7% | 12,884 ▼ 0.5% | 12,145 ▼ 5.7% | 12,988 ▲ 6.9% | ||
| Gross ProfitDerived | 3,757 | 5,011 ▲ 33.4% | 5,140 ▲ 2.6% | 5,371 ▲ 4.5% | 5,779 ▲ 7.6% | 5,753 ▼ 0.5% | 5,080 ▼ 11.7% | |
| Gross Margin %Derived | 39.32% | 40.19% | 43.84% | 29.31% | 30.97% | 32.14% | 28.12% | |
1,216 | 1,788 ▲ 47.0% | 1,566 ▼ 12.4% | 1,870 ▲ 19.5% | 2,100 ▲ 12.2% | 2,370 ▲ 12.9% | 2,389 ▲ 0.8% | ||
| EBITDA (Operating Profit)Derived | 2,540 | 3,223 ▲ 26.9% | 3,574 ▲ 10.9% | 3,500 ▼ 2.1% | 3,680 ▲ 5.1% | 3,383 ▼ 8.1% | 2,691 ▼ 20.5% | |
| OPM %Derived | 26.59% | 25.85% | 30.48% | 19.10% | 19.72% | 18.90% | 14.89% | |
877 | 887 ▲ 1.1% | 768 ▼ 13.4% | 679 ▼ 11.6% | 691 ▲ 1.7% | 752 ▲ 8.8% | 746 ▼ 0.7% | ||
| Profit Before Tax (PBT) | 1,766 | 2,444 ▲ 38.4% | 2,897 ▲ 18.6% | 2,903 ▲ 0.2% | 3,122 ▲ 7.6% | 2,929 ▼ 6.2% | 2,295 ▼ 21.7% | |
590 | 159 ▼ 73.1% | 743 ▲ 367.7% | 726 ▼ 2.4% | 783 ▲ 7.9% | 751 ▼ 4.1% | 597 ▼ 20.5% | ||
| Effective Tax %Derived | 33.42% | 6.50% | 25.65% | 25.00% | 25.07% | 25.64% | 26.01% | |
| Total Profit for Period | 1,190 | 2,279 ▲ 91.4% | 2,192 ▼ 3.8% | 2,231 ▲ 1.8% | 2,342 ▲ 5.0% | 2,184 ▼ 6.8% | 1,637 ▼ 25.0% | |
| Less: Non-controlling Interests | 192 | 549 ▲ 186.5% | 586 ▲ 6.6% | 593 ▲ 1.2% | 701 ▲ 18.2% | 524 ▼ 25.2% | 526 ▲ 0.4% | |
| Net Profit (Owner's PAT)Derived | 999 | 1,729 ▲ 73.2% | 1,607 ▼ 7.1% | 1,638 ▲ 2.0% | 1,641 ▲ 0.2% | 1,660 ▲ 1.1% | 1,111 ▼ 33.0% | |
| Net Profit Margin %Derived | 10.45% | 13.87% | 13.70% | 8.94% | 8.80% | 9.27% | 6.15% | |
| PAT Growth YoY %Derived | — | 73.16% | -7.08% | 1.96% | 0.20% | 1.10% | -33.05% | |
| Earnings Per Share (EPS ₹) | 17.71 | 30.65 ▲ 73.1% | 28.48 ▼ 7.1% | 29.04 ▲ 2.0% | 29.09 ▲ 0.2% | 29.41 ▲ 1.1% | 19.69 ▼ 33.0% | |
| Diluted Shares Outstanding (Cr) | 56 | 56 ▲ 0.0% | 56 ▲ 0.0% | 56 ▲ 0.0% | 56 ▲ 0.0% | 56 ▲ 0.0% | 56 ▲ 0.0% | |
| Share of Profit from Associates/JVs | 15 | -6 ▼ 141.2% | 38 ▲ 728.9% | 54 ▲ 40.4% | 3 ▼ 94.8% | 5 ▲ 96.1% | -61 ▼ 1207.4% | |
| Other Comprehensive Income (Net of Tax) | -6 | -7 ▼ 9.5% | 13 ▲ 292.9% | 4 ▼ 71.0% | 6 ▲ 57.4% | 2 ▼ 57.8% | -4 ▼ 268.2% | |
| Total Expenses (incl. D&A & Interest) | 7,926 | 10,134 ▲ 27.9% | 8,920 ▼ 12.0% | 15,525 ▲ 74.0% | 15,674 ▲ 1.0% | 15,155 ▼ 3.3% | 16,123 ▲ 6.4% | |
| Material Cost % of RevenueDerived | 60.69% | 59.81% | 56.18% | 70.73% | 69.05% | 67.86% | 71.91% | |
| Employee Cost % of RevenueDerived | 2.35% | 1.90% | 2.02% | 1.40% | 1.43% | 1.56% | 1.53% | |
| Other Cost % of RevenueDerived | 10.38% | 12.44% | 11.34% | 8.81% | 9.81% | 11.68% | 11.69% | |
| Interest Coverage (x)Derived | 4.85x | 7.33x | 13.38x | 26.13x | 43.63x | 84.76x | 53.04x |
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
The Bull, Bear, and Flip case for Gujarat State Petronet Limited.
Our AI distills the core fundamental drivers supporting Gujarat State Petronet Limited, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Gujarat State Petronet Limited'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.
Key Risks.
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.
Flip Conditions.
Valuation risk. a P/E above 19 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 0.93%.
Gujarat State Petronet Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Gujarat State Petronet Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Gujarat State Petronet Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Gujarat State Petronet Limited — 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 Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Gujarat State Petronet Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Gujarat State Petronet Limited 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 Limited: business, sector, key facts.
What Gujarat State Petronet Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Gujarat State Petronet Limited operates in the Gas Transmission/Marketing industry under the Oil Gas & Consumable Fuels 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.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
Questions investors ask about Gujarat State Petronet Limited (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 Limited (GSPL)?
The current share price of Gujarat State Petronet Limited (GSPL) is ₹268.35. Today, the stock has declined by ₹20.60 (7.13%), trading in a range of ₹257.15 to ₹290.00. The stock opened at ₹287.55 with a trading volume of 80,24,578 shares.
02Is Gujarat State Petronet Limited stock a good investment for long-term?
Gujarat State Petronet Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹15,673.79 Cr., P/E ratio of 14.9, ROE of 10.53%, and ROCE of 15.2%. The dividend yield stands at 1.86%. 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 Limited stock?
The 52-week high price of Gujarat State Petronet Limited (GSPL) is ₹330.00, while the 52-week low is ₹226.35. Currently trading at ₹268.35, the stock is 18.56% above its 52-week low and 18.68% 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 Limited stock at the current price?
Whether to buy Gujarat State Petronet Limited stock at ₹268.35 depends on multiple factors. The stock is currently trading with a P/E ratio of 14.9 and P/B ratio of 1.31. 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 Limited and when is the next dividend?
Gujarat State Petronet Limited offers a dividend yield of 1.86%, which means for every ₹100 invested at the current price of ₹268.35, you can expect to receive approximately ₹1.86 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 Limited?
Gujarat State Petronet Limited's key financial metrics include: P/E Ratio: 14.9, P/B Ratio: 1.31, ROE: 10.53%, ROCE: 15.2%, Dividend Yield: 1.86%, EPS: ₹18.65, Book Value: ₹206.41, and Debt-to-Equity: 0. The company's market cap stands at ₹15,673.79 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Gujarat State Petronet Limited stock performing today in the market?
Gujarat State Petronet Limited stock opened at ₹287.55 and is currently trading at ₹268.35, showing a decline of ₹20.60 (7.13%). The intraday high is ₹290.00 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 Limited and what does it indicate?
Gujarat State Petronet Limited has a Price-to-Earnings (P/E) ratio of 14.9, which means investors are willing to pay 14.90 for every ₹1 of earnings. With an EPS of ₹18.65, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Gujarat State Petronet Limited (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.