Gujarat State Petronet Limited (GSPL) AI Stock Analysis

• Market Cap: ₹163.56B
• Dividend Yield: 1.69%
• Average Volume (3M): 19.12K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 0.70
• Revenue Growth: 0.44%
• EPS Growth: -33.05%
• Country: IN
• Employees: 254
• Sector: Energy
• Sector Strength: 70
• Industry: Regulated Gas
• EPS (TTM): 2.50
• Shares Outstanding: 564,211,360
• 10 Day Avg. Volume: 14,123
• 30 Day Avg. Volume: 19,122
• 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: ₹347.50
• Price Target Upside: 16.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 67 Neutral
• Price Target: ₹351.00 ▲(17.81% Upside)

The most significant factor influencing the score is the company's stable financial performance, characterized by strong equity growth and efficient cash management. Technical analysis suggests a bearish trend, which slightly dampens the outlook. Valuation metrics are neutral, providing no strong signals of under- or overvaluation.

Gujarat State Petronet Limited Business Overview & Revenue Model

Company Description

Gujarat State Petronet Limited (GSPL) is a leading energy infrastructure company in India, primarily engaged in the transmission of natural gas across the state of Gujarat. As a subsidiary of Gujarat State Petroleum Corporation, GSPL plays a crucial role in facilitating the transportation of natural gas to various industries and utilities, thereby supporting the region's energy needs and economic growth. The company's extensive pipeline network ensures reliable and efficient gas distribution to key sectors such as power, fertilizer, steel, and city gas distribution.

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

Gujarat State Petronet Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 297.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GSPL, the sentiment is Negative. The current price of 297.95 is below the 20-day moving average (MA) of 301.80, below the 50-day MA of 317.35, and below the 200-day MA of 326.44, indicating a bearish trend. The MACD of -6.81 indicates Positive momentum. The RSI at 36.17 is Neutral, neither overbought nor oversold. The STOCH value of 11.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	78 Outperform	₹289.31B	17.37		2.54%	8.41%	-14.34%
GAIL	76 Outperform	₹1.14T	9.78		4.27%	5.40%	3.06%
MGL	70 Outperform	₹123.65B	11.56		2.40%	19.68%	-10.62%
ATGL	69 Neutral	₹649.49B	100.26		0.04%	14.65%	-5.99%
GSPL	67 Neutral	₹163.56B	14.72		1.69%	0.44%	-33.05%
GUJGASLTD	67 Neutral	₹288.95B	25.23		1.29%	-2.76%	-9.00%
Sector *	66 Neutral	$15.43B	7.32	3.20%	5.24%	4.22%	-60.66%