Gujarat State Petronet Ltd. News and Updates

Name: Latest research reports of Gujarat State Petronet Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Gujarat State Petronet Ltd.
Rating: 5
Author: ICICI Securities Limited

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Gujarat State Petronet Ltd.

14 Feb 2021

331.55

2.35%

Gujarat State Petronet Ltd

Buy: Gujarat State Petronet Ltd.

Target

ICICI Securities Limited

GSPL reported natural gas transmission volume growth of 6.6% YoY and down 1% QoQ to 39.4 mmscmd. City gas distribution sector was the largest contributor to volume growth YoY. On a QoQ basis, volume offtake mix for CGD sector increased to 32% vs. 27%. Refinery/petchem sector's offtake declined to 18% from 25% while power sector's offtake was steady at 23%. We build in lower volumes in the current quarter as the sharp surge in spot LNG prices in January is likely to affect transmission volumes mainly in industrial/commercial segment. We revise our FY21E volume estimate to...

Gujarat State Petronet Ltd. is trading below its 50 day SMA of 331.8

Gujarat State Petronet Ltd.

11 Feb 2021

331.55

2.35%

Gujarat State Petronet: Q3FY21 Result Review

Buy: Gujarat State Petronet Ltd.

Target

IDBI Capital

Gujarat State Petronet's (GSPL) Q3FY21 result was in-line with our estimates. Gas transmission volume grew 6.6% YoY/-1% QoQ led by CGD and Power segment while offtake from refining remained low owing to lower utilisation. Average realizations came at Rs 1.58/scm, +1.8% QoQ and was in-line with our estimates. EBITDA/scm was up 6% higher QoQ led by lower other expenses. We largely keep our estimates unchanged. Higher domestic volume, strong recovery from industrial PNG demand would accrue more value to GSPL. At current valuation of Gujarat Gas, GSPL's 54.17%...

Gujarat State Petronet Ltd.'s price crossed above 30Day SMA today

Gujarat State Petronet Ltd.

11 Feb 2021

331.55

2.35%

Strong volume uptick of 3QFY21 to sustain, barring over Jan -Feb '21

Buy: Gujarat State Petronet Ltd.

Target

Motilal Oswal

Gujarat State Petronet (GUJS)'s 3Q volumes were driven by higher demand from the CGD segment and revival in demand from the Fertilizer segment, further supported by strong gas consumption in the Power sector. Gas volumes for the Refining/Petchem segment declined due to decreased offtake by RIL. On account of the huge demand-supply mismatch across the globe (due to production challenges, along with higher winter demand), spot LNG prices jumped in 4QFY21'TD. As per our channel checks, this has resulted in lower gas offtake to ~45mmscmd (from ~10mmscmd in 3QFY21) by the Power sector, in addition to...

Gujarat State Petronet Ltd.'s price crossed above 30Day SMA today

Gujarat State Petronet Ltd.

18 Nov 2020

331.55

2.35%

A decade old - A decade new: a huge opportunity

Buy: Gujarat State Petronet Ltd.

Motilal Oswal

Gujarat State Petronet (GUJS) reported volumes of ~40mmscmd in 2QFY21, taking the company to near full capacity levels of ~42mmscmd. We discussed volume growth avenues both immediate and for the future with the management. The following are key insights from the same: GUJS has installed an additional compressor, which facilitated pipeline capacity expansion by ~10%, thus taking total pipeline capacity to ~46mmscmd. While GUJGA stated during its recent earnings that volumes are higher than its 2QFY21 average, the benefits have also accrued to GUJS, which is currently...

Gujarat State Petron.. has an average target of 382.00 from 4 brokers.

Gujarat State Petronet Ltd.

12 Nov 2020

331.55

2.35%

Gujarat State Petronet: Q2FY21 Result Review

Buy: Gujarat State Petronet Ltd.

IDBI Capital

Gujarat State Petronet's (GSPL) Q2FY21 result was in-line with our estimates where it recorded highest-ever gas transmission volume. Revenue declined by 9.2% YoY to Rs 5.8bn due to lower realization at Rs 1.6/scm, down 10% YoY. Though gas transmission volume crossed pre-Covid level and registered a growth of 1.5% YoY to 39.8mmscmd (+20% QoQ). EBITDA/scm declined to Rs1.04/scm in Q2FY21 from Rs1.21/scm in Q2FY20 due to lower tariff and higher other expenses. Implied tariff fell by 7.2% YoY to Rs 1.24/scm. We are largely keeping estimates unchanged while introduce FY23E financials and expect its volume/revenue/EBITDA to see a CAGR of 9%/10%/13% over...

Gujarat State Petronet Ltd.'s price crossed above 30Day SMA today

Gujarat State Petronet Ltd.

11 Nov 2020

331.55

2.35%

Gujarat Gas

Buy: Gujarat State Petronet Ltd.

Recommendation

Dolat Capital

Due to NGT's 6Mar'19 order to ban the use of coal gasifiers in Morbi region, spurted Gujarat Gas volumes from its industrial belt of Morbi in the previous quarters, however with industrial units starting up and sales reaching 100% Pre Covid levels, volumes from CGD business have revived. We expect GSPL's transmission volumes to increase from H2FY21 from Gujarat Gas volumes, other CGD projects and power sector. Volumes which was subdued from CGD segment in Q1FY21 because of lower...

Gujarat State Petronet Ltd. is trading above its 150 day SMA of 325.9

Gujarat State Petronet Ltd.

03 Nov 2020

331.55

2.35%

New Pipeline To Boost 2021-22 Gas Supply By A Quarter: GSPL

NDTV Profit

GSPL operates about 2,700 km (1,678 miles) of gas pipelines with capacity of 43 mmscmd, but in the 2019-20 financial year it supplied 40 mmscmd gas, as one pipeline was commissioned only in...

Gujarat State Petronet Ltd. is trading below its 50 day SMA of 331.8

India's GSPL says new pipeline to boost FY22 gas supply by a quarter

Business Standard | 03 Nov 2020

Gujarat State Petronet Ltd.

14 Sep 2020

331.55

2.35%

GUJARAT STATE PETRONET LTD

Buy: Gujarat State Petronet Ltd.

Ventura

We initiate coverage with a BUY for a price target of Rs.293 (38% upside) over the next 24 months.

Gujarat State Petronet Ltd.'s price crossed above 30Day SMA today

Gujarat State Petronet Ltd.

11 Sep 2020

331.55

2.35%

Guj State Petro

Accumulate: Gujarat State Petronet Ltd.

Recommendation Target

Dolat Capital

Government of Gujarat has always played a pro-active role in the development of the energy value chain. Gujarat is first state to plan and execute a State-wide Gas Grid on an Open Access Principle and the pipeline grid has been designed as per the highest international standards with inbuilt flexibility to cater to varying loads. GSPL has CrossCountry Natural Gas Transmission pipelines being implemented. GSPL owns and operates the largest Gas Transmission network in Gujarat...

Gujarat State Petron.. has an average target of 382.00 from 4 brokers.

Gujarat State Petronet Ltd.

12 Aug 2020

331.55

2.35%

Large appetite for growth???

Buy: Gujarat State Petronet Ltd.

Motilal Oswal

12 August 2020 Overall, Gujarat is expected to have an available capacity of 40mmtpa over the next 2-3 years, up 54% from now. HPCL-Shapoorji is expected to complete its 5mmtpa LNG terminal at Chhara in another 2-3 years. current ~1.5mmtpa) once the Anjar-Chotila pipeline capacity is augmented. The company currently has pipeline capacity of ~42mmscmd. executing partial stretches of Mehsana-Bhatinda (340km) and Mallavaram- Bhilwara (364km) pipelines. Both have capacity of 76-77mmscmd and would enable evacuation of gas from upcoming LNG terminals. GUJS is already transporting ~40-42mmscmd of gas. Even if the last mile pipeline connectivity of Chhara and Swan is executed by other companies, Gujarat State Petronet GUJS has moved to the lower tax rate. As a result, the regulator might cut its tariffs by 10-12% to maintain regulated RoCEs. Additionally, GUJS has two pipeline grids High Pressure (HP) and Low Pressure (LP) with their economic lifetime being defined as 2026 and 2025, respectively.

Gujarat State Petronet Ltd. is trading below its 50 day SMA of 331.8

Is Gujarat State Petronet Ltd. worth buying?

330 Votes:

Buy 82.73%

Sell 8.79%

Hold 8.48%

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