Gujarat State Petronet Limited (GSPL) AI Stock Analysis

• Market Cap: ₹180.86B
• Dividend Yield: 1.59%
• Average Volume (3M): 29.70K
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.78
• Revenue Growth: 0.44%
• EPS Growth: -33.05%
• Country: IN
• Employees: 254
• Sector: Energy
• Sector Strength: 52
• Industry: Regulated Gas
• EPS (TTM): 2.50
• Shares Outstanding: 564,211,360
• 10 Day Avg. Volume: 53,877
• 30 Day Avg. Volume: 29,695
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹345.67
• Price Target Upside: 9.68% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 71 Outperform
• Price Target: ₹342.00 ▲(8.52% Upside)

The overall stock score of 71 reflects Gujarat State Petronet Limited's stable financial performance and reasonable valuation. While technical indicators suggest a neutral trend, the company's strong financial management and moderate valuation support a positive outlook. The absence of earnings call data and corporate events means these factors do not influence the score.

Gujarat State Petronet Limited Business Overview & Revenue Model

Company Description

Gujarat State Petronet Limited transmits natural gas through pipeline on an open access basis from supply points to demand centers in India. The company develops energy transportation infrastructure and connects natural gas supply sources, including LNG terminals to various markets in Gujarat. As of March 31, 2021, it operated approximately 2694 kilometers of gas pipeline. The company transports approximately 35 MMSCMD of natural gas to refineries, steel plants, fertilizer plants, petrochemical plants, power plants, glass industries, and other miscellaneous industries, as well as to textile, chemical, and city gas distribution companies. It also generates and sells electricity through windmills. The company was founded in 1998 and is based in Gandhinagar, India.

How the Company Makes Money

GSPL makes money primarily through the transportation of natural gas using its extensive pipeline network, which is the company's core revenue stream. By charging transportation tariffs to its customers, GSPL generates a stable income from the gas that flows through its network to various industrial and commercial consumers. Additionally, the company may engage in strategic partnerships and agreements with other gas producers and distributors to optimize its operations and expand its service offerings. GSPL's revenue is also influenced by regulatory frameworks and tariff structures set by the Petroleum and Natural Gas Regulatory Board (PNGRB), which enables the company to maintain competitive pricing and a steady flow of gas through its infrastructure.

Gujarat State Petronet Limited Financial Statement Overview

Summary

Gujarat State Petronet Limited exhibits a stable financial profile with consistent revenue and equity growth. Strong profitability and efficient cash management are evident, though there are some concerns about profitability dips and capital expenditure impact. The solid debt management and cash conversion ratios are positive indicators for future growth.

Income Statement

The income statement reveals consistent revenue growth over the years, with a slight dip in 2025. Gross and net profit margins have been stable, with a gross profit margin of approximately 26% and a net profit margin around 6% for 2025. EBIT and EBITDA margins are also strong, reflecting efficient operational management. However, the decline in net income in 2025 indicates some challenges in maintaining profitability.

Balance Sheet

The balance sheet shows strong equity growth and a favorable debt-to-equity ratio, demonstrating financial stability. The equity ratio improved to about 56% in 2025, highlighting the company's robust capital structure. A decreasing debt profile over the years further reduces financial risk. However, the reliance on debt in earlier years may pose some historical financial leverage concerns.

Cash Flow

The cash flow statement indicates solid operating cash flow, consistently surpassing net income, signifying effective cash management. Free cash flow has grown steadily, with a growth rate of about 14% in 2025. The cash flow to net income ratios are favorable, underscoring efficient cash conversion. However, the significant capital expenditures may impact future liquidity if not managed carefully.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	177.20B	177.20B	172.95B	181.17B	179.18B	115.34B
Gross Profit	43.94B	46.32B	48.75B	49.98B	41.09B	41.56B
EBITDA	31.72B	30.41B	36.27B	37.94B	35.77B	36.54B
Net Income	11.11B	11.11B	16.60B	16.41B	16.38B	16.07B
Balance Sheet
Total Assets	208.07B	208.07B	190.56B	173.16B	152.94B	141.69B
Cash, Cash Equivalents and Short-Term Investments	39.09B	39.09B	23.52B	15.08B	1.20B	4.51B
Total Debt	1.38B	1.38B	1.40B	1.49B	7.13B	20.03B
Total Liabilities	52.52B	52.52B	46.73B	46.28B	47.77B	57.10B
Stockholders Equity	116.46B	116.46B	108.25B	94.49B	79.19B	63.91B
Cash Flow
Free Cash Flow	0.00	17.65B	15.50B	20.62B	14.56B	20.41B
Operating Cash Flow	0.00	27.41B	28.03B	33.40B	27.46B	28.97B
Investing Cash Flow	0.00	-27.54B	-21.42B	-18.15B	-13.57B	-10.80B
Financing Cash Flow	0.00	-5.44B	-5.47B	-8.05B	-16.59B	-20.96B

Gujarat State Petronet Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 315.15
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GSPL, the sentiment is Neutral. The current price of 315.15 is above the 20-day moving average (MA) of 305.82, above the 50-day MA of 306.92, and below the 200-day MA of 317.54, indicating a neutral trend. The MACD of 4.52 indicates Negative momentum. The RSI at 56.95 is Neutral, neither overbought nor oversold. The STOCH value of 51.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:GSPL.

Gujarat State Petronet Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGL	75 Outperform	290.08B	17.42	16.18%	0.73%	8.41%	-14.33%
GAIL	74 Outperform	1.16T	9.93	14.65%	4.30%	5.40%	3.06%
MGL	74 Outperform	126.38B	11.81	17.70%	2.38%	19.68%	-10.62%
ATGL	73 Outperform	734.23B	113.34	15.56%	0.04%	14.65%	-5.99%
GSPL	71 Outperform	₹180.86B	16.28	―	1.59%	0.44%	-33.05%
GUJGASLTD	69 Neutral	298.76B	26.09	13.53%	1.35%	-2.76%	-9.00%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%