Financials Gujarat Industries Power Company Limited

Equities

GIPCL

INE162A01010

Independent Power Producers

Market Closed - NSE India S.E. 07:43:47 2024-04-26 am EDT 5-day change 1st Jan Change
189.6 INR 0.00% Intraday chart for Gujarat Industries Power Company Limited +6.91% +8.87%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 14,641 10,754 7,547 11,457 11,109 11,480
Enterprise Value (EV) 1 20,285 13,876 8,361 13,407 13,573 11,871
P/E ratio 8.82 x 4.22 x 3.04 x 6.25 x 6.48 x 6.08 x
Yield 2.79% 4.08% 5.81% 3.56% 3.4% 4.94%
Capitalization / Revenue 1.07 x 0.76 x 0.55 x 0.86 x 0.95 x 0.85 x
EV / Revenue 1.49 x 0.99 x 0.61 x 1 x 1.16 x 0.88 x
EV / EBITDA 4.07 x 2.51 x 1.65 x 3.03 x 3.38 x 2.91 x
EV / FCF -10.8 x 8.06 x 3.89 x -66.1 x -13.5 x 9.01 x
FCF Yield -9.23% 12.4% 25.7% -1.51% -7.39% 11.1%
Price to Book 0.61 x 0.42 x 0.27 x 0.39 x 0.36 x 0.36 x
Nbr of stocks (in thousands) 151,251 151,251 151,251 151,251 151,251 151,251
Reference price 2 96.80 71.10 49.90 75.75 73.45 75.90
Announcement Date 9/4/18 8/28/19 11/23/20 8/31/21 8/26/22 8/23/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 13,639 14,074 13,788 13,353 11,724 13,556
EBITDA 1 4,985 5,536 5,057 4,427 4,020 4,086
EBIT 1 3,336 3,798 3,142 2,839 2,549 2,472
Operating Margin 24.46% 26.98% 22.79% 21.26% 21.74% 18.23%
Earnings before Tax (EBT) 1 2,390 3,066 3,054 2,720 2,473 2,534
Net income 1 1,660 2,548 2,480 1,833 1,713 1,887
Net margin 12.17% 18.1% 17.99% 13.72% 14.61% 13.92%
EPS 2 10.98 16.84 16.40 12.12 11.33 12.48
Free Cash Flow 1 -1,872 1,721 2,150 -202.9 -1,002 1,318
FCF margin -13.72% 12.23% 15.59% -1.52% -8.55% 9.72%
FCF Conversion (EBITDA) - 31.08% 42.52% - - 32.26%
FCF Conversion (Net income) - 67.54% 86.7% - - 69.85%
Dividend per Share 2 2.700 2.900 2.900 2.700 2.500 3.750
Announcement Date 9/4/18 8/28/19 11/23/20 8/31/21 8/26/22 8/23/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 5,644 3,122 814 1,949 2,464 391
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.132 x 0.5639 x 0.1609 x 0.4403 x 0.6129 x 0.0958 x
Free Cash Flow 1 -1,872 1,721 2,150 -203 -1,002 1,318
ROE (net income / shareholders' equity) 7.19% 10.3% 9.32% 6.48% 5.81% 6.09%
ROA (Net income/ Total Assets) 5.85% 6.3% 5.06% 4.35% 3.73% 3.48%
Assets 1 28,361 40,459 49,002 42,114 45,870 54,300
Book Value Per Share 2 157.0 170.0 182.0 192.0 201.0 209.0
Cash Flow per Share 2 3.450 17.20 24.50 18.80 18.70 30.00
Capex 1 3,784 2,528 1,197 2,391 3,407 1,268
Capex / Sales 27.74% 17.96% 8.68% 17.9% 29.06% 9.36%
Announcement Date 9/4/18 8/28/19 11/23/20 8/31/21 8/26/22 8/23/23
1INR in Million2INR
Estimates
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