Gujarat Pipavav Port

₹112.7 -1.1 | 1%

WEBSITE BSE:533248 NSE : GPPL 09 Jun, 12:15

Market Cap ₹5439 Cr.

Stock P/E 17.4

P/B 2.4

Current Price ₹112.7

Book Value ₹ 47.8

Face Value 10

52W High ₹120.3

Dividend Yield 5.42%

52W Low ₹ 70.3

Edit Ratio

Gujarat Pipavav Port Research see more...

Overview Inc. Year: 1992Industry: Port

Gujarat Pipavav Port Ltd is an primarily India based agency engaged within the enterprise of port improvement and operations at Pipavav Port. The Company's Port Pipavav is positioned about 150 nautical miles from Nhava Sheva in Mumbai. The Company gives cargo managing centres for field, bulk, break bulk and liquid cargo. It handles various bulk and break bulk cargo, together with coal, cement, clinker, fertilizers, metal, iron ore, agri-merchandise, salt and soda ash and Port Pipavav handles all maritime services in-house, without any third-party. The Company offers maritime offerings, inclusive of maritime personnel, inclusive of harbor grasp, pilots, control room operators, mooring crew and motor launch team; towage, such as one launch and tugboats, and port control facilities, such as radar, very high frequency (VHF), Navigational Telex (NAVTEX), automated weather station and automatic statistics machine (AIS).

Gujarat Pipavav Port Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Gujarat Pipavav Port Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	198	193	160	195	169	221	208	227	251	235
Other Income	8	9	7	7	7	7	9	11	12	16
Total Income	207	203	167	202	176	228	217	238	262	251
Total Expenditure	88	78	72	86	82	92	95	106	109	105
Operating Profit	118	125	95	116	94	136	122	132	154	146
Interest	1	2	1	1	1	1	2	2	2	2
Depreciation	33	33	33	33	32	31	30	29	30	28
Exceptional Income / Expenses	0	0	-11	-9	10	5	-13	-5	-14	-5
Profit Before Tax	84	90	50	73	71	109	77	95	108	111
Provision for Tax	29	25	17	27	27	38	20	25	28	27
Profit After Tax	54	65	32	46	44	72	58	71	79	84
Adjustments	4	0	1	-0	1	3	2	1	5	13
Profit After Adjustments	59	65	33	46	45	74	59	72	84	97
Adjusted Earnings Per Share	1.2	1.4	0.7	0.9	0.9	1.5	1.2	1.5	1.7	2

Gujarat Pipavav Port Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	660	683	649	702	735	733	744	921
Other Income	30	32	37	45	47	40	29	48
Total Income	690	715	686	747	782	774	772	968
Total Expenditure	284	265	275	313	289	311	331	415
Operating Profit	406	450	411	434	494	463	441	554
Interest	0	0	0	0	7	6	5	8
Depreciation	97	107	104	113	131	133	129	117
Exceptional Income / Expenses	0	0	0	0	0	0	-5	-37
Profit Before Tax	345	379	330	352	386	330	307	391
Provision for Tax	118	97	109	115	66	108	109	100
Profit After Tax	227	282	221	237	319	222	197	292
Adjustments	0	0	0	0	0	0	0	21
Profit After Adjustments	227	282	221	237	319	222	197	312
Adjusted Earnings Per Share	4.7	5.8	4.6	4.9	6.6	4.6	4.1	6.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	2%	2%	2%	0%
Operating Profit CAGR	-5%	1%	-0%	0%
PAT CAGR	-11%	-6%	-7%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	44%	19%	-2%	9%
ROE Average	9%	11%	11%	11%
ROCE Average	14%	15%	16%	16%

Gujarat Pipavav Port Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	2087	2142	2159	2197	2288	2239	2243
Minority's Interest	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0
Other Non-Current Liabilities	57	190	297	337	443	538	759
Total Current Liabilities	326	312	218	298	247	278	311
Total Liabilities	2469	2645	2674	2832	2978	3055	3314
Fixed Assets	1342	1676	1686	1590	1583	1467	1408
Other Non-Current Assets	675	493	501	543	618	735	909
Total Current Assets	452	475	488	700	778	853	996
Total Assets	2469	2645	2674	2832	2978	3055	3314

Gujarat Pipavav Port Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	16	119	53	35	11	19	6
Cash Flow from Operating Activities	389	406	315	299	343	388	380
Cash Flow from Investing Activities	-285	-245	-129	-126	-85	-105	-166
Cash Flow from Financing Activities	-0	-227	-204	-198	-250	-296	-220
Net Cash Inflow / Outflow	104	-66	-18	-25	8	-13	-6
Closing Cash & Cash Equivalent	119	53	35	11	19	6	0

Gujarat Pipavav Port Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	4.71	5.84	4.57	4.9	6.61	4.59	4.08
CEPS(Rs)	6.72	8.04	6.71	7.23	9.33	7.35	6.76
DPS(Rs)	1.9	3.8	3.4	3.5	5.6	4.5	4
Book NAV/Share(Rs)	43.17	44.31	44.67	45.45	47.33	46.32	46.41
Core EBITDA Margin(%)	56.98	61.28	57.65	55.4	60.73	57.55	55.49
EBIT Margin(%)	52.34	55.59	50.87	50.19	53.45	45.87	41.88
Pre Tax Margin(%)	52.31	55.53	50.82	50.14	52.45	45.01	41.23
PAT Margin (%)	34.47	41.32	34.06	33.72	43.44	30.26	26.54
Cash Profit Margin (%)	49.22	56.91	50.02	49.79	61.32	48.46	43.93
ROA(%)	9.21	11.04	8.31	8.6	11	7.36	6.2
ROE(%)	10.9	13.35	10.28	10.86	14.24	9.8	8.8
ROCE(%)	16.55	17.96	15.35	16.17	17.53	14.86	13.89
Receivable days	15.96	15.34	15.28	19.95	24.04	23.44	24.62
Inventory Days	8.57	8.3	8.21	5.73	3.98	4.5	5.07
Payable days	0	0	0	0	0	0	0
PER(x)	37.17	28.23	31.57	20.35	9.14	21.15	18.75
Price/Book(x)	4.05	3.72	3.23	2.19	1.28	2.1	1.65
Dividend Yield(%)	1.09	2.31	2.36	3.51	9.27	4.63	5.23
EV/Net Sales(x)	12.37	11.15	10.09	6.1	3.09	5.41	3.83
EV/Core EBITDA(x)	20.08	16.92	15.92	9.87	4.6	8.58	6.45
Net Sales Growth(%)	0	3.51	-5.01	8.18	4.76	-0.26	1.37
EBIT Growth(%)	0	9.95	-13.07	6.73	11.56	-14.41	-7.45
PAT Growth(%)	0	24.06	-21.69	7.09	34.97	-30.52	-11.09
EPS Growth(%)	0	24.06	-21.69	7.09	34.97	-30.52	-11.09
Debt/Equity(x)	0	0	0	0	0	0	0
Current Ratio(x)	1.39	1.52	2.24	2.35	3.15	3.07	3.2
Quick Ratio(x)	1.34	1.47	2.18	2.32	3.12	3.03	3.17
Interest Cover(x)	2172.34	942.32	948.58	965.28	53.29	53.32	65.33
Total Debt/Mcap(x)	0	0	0	0	0	0	0

Gujarat Pipavav Port Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01	44.01
FII	19.61	21.38	22.03	22.04	22.29	22.78	21.48	21.87	22.36	21.9
DII	25.6	24.12	22.33	21.52	21.37	21.34	20.5	22.11	21.54	22.12
Public	10.79	10.5	11.63	12.43	12.33	11.87	14.02	12.01	12.1	11.97
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	21.27	21.27	21.27	21.27	21.27	21.27	21.27	21.27	21.27	21.27
FII	9.48	10.34	10.65	10.66	10.78	11.01	10.38	10.57	10.81	10.59
DII	12.37	11.66	10.8	10.4	10.33	10.32	9.91	10.69	10.41	10.7
Public	5.21	5.07	5.62	6.01	5.96	5.74	6.78	5.81	5.85	5.79
Others	0	0	0	0	0	0	0	0	0	0
Total	48.34	48.34	48.34	48.34	48.34	48.34	48.34	48.34	48.34	48.34

Pros

Company is almost debt free.

Cons

Promoter holding is low: 44.01%.
Company has a low return on equity of 11% over the last 3 years.
The company has delivered a poor profit growth of -6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.