Gujarat Pipavav Port Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for GPPL, BSE:533248 Gujarat Pipavav Port Ltd.

Gujarat Pipavav Port Ltd.

10 Jun 2020

159.20

1.26%

Gujarat Pipavav Port

Buy: Gujarat Pipavav Port Ltd.

Target

ICICI Securities Limited

As per internal estimates of APM terminals, global Exim trade is expected to de-grow 20% in FY21E. However, the management expects volumes at GPPL to be minimally disrupted during the same year. Port imports (60-65% of cargo) are Far-East oriented, which is showing positive signs of recovery while the ports on the west (US, Europe) continue to lag behind. On the exports front, the management is seeing positive trends and expects good agricultural exports to the Middle East in Q2FY21. In FY20, 45% of GPPL volumes were transported via its parent entity APM-Maersk. In April, May,...

Gujarat Pipavav Port Ltd. is trading above all available SMAs

Gujarat Pipavav Port Ltd.

11 Feb 2020

159.20

1.26%

Gujarat Pipavav Port

Buy: Gujarat Pipavav Port Ltd.

Recommendation Target

ICICI Securities Limited

Gujarat Pipavav Port (GPPL) reported an improved operating performance for Q3FY20 with revenues increasing 13% YoY to | 197 crore. EBITDA margin improved 300 bps YoY to 59.5% due to decline of 100 bps, 220 bps in employee and other expenses as percentage of sales, respectively. Improved operating performance led PBT to post growth of 19% YoY to | 107 crore but tax write-back to the tune of | 60 crore on account of deferred tax adjustment led net profit to increase 120% YoY to | 134.01 crore. Bulk, liquid volumes spurt; container volumes muted...

Gujarat Pipavav Port Ltd. is trading above all available SMAs

Gujarat Pipavav Port Ltd.

09 Aug 2019

159.20

1.26%

Gujarat Pipavav Port

Hold: Gujarat Pipavav Port Ltd.

ICICI Securities Limited

Gujarat Pipavav Port's (GPPL) container volumes grew 13% YoY. Bulk and RoRo volumes de-grew 18%, and 6% mainly due to lower growth in the fertiliser volumes and weak consumer demand, respectively, while liquid volumes grew 25%. This led overall revenue to remain flat YoY. Subsequently, EBITDA margins increased 576 bps mainly due to Ind-AS 116 adjustment of | 5.1 crore in the operating expense element. However, PAT grew 20% YoY mainly due to higher other income (includes dividend from subsidiary PRCL). The management expects the macro situation to remain...

Gujarat Pipavav Port Ltd. is trading above all available SMAs

Gujarat Pipavav Port Ltd.

16 May 2019

159.20

1.26%

Gujarat Pipavav Port

Hold: Gujarat Pipavav Port Ltd.

Recommendation Target

ICICI Securities Limited

Trans-shipment led to strong growth in FY19 container volume In FY19, container volumes grew 28% to 903 (000) TEU, led by strong transshipment volumes (that command lower realisation). Bulk volumes grew 10% to 2 MMT, led by a resurgence in fertiliser volumes, while liquid and Ro-Ro volumes declined 38% and 23%to 0.64 MMT and 76000 cars, respectively. The management expects container and liquid volumes to remain strong in FY20. However, they expect volatility to continue in the bulk segment and slower growth in Ro-Ro segment. We expect 15% container...

Number of FII/FPI investors decreased from 211 to 203 in Jun 2025 qtr

Gujarat Pipavav Port Ltd.

31 Jan 2019, 12:00AM

159.20

1.26%

Gujarat Pipavav Port

Buy: Gujarat Pipavav Port Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues grew 7% YoY to | 175 crore (I-direct estimate: | 168 crore). Container volumes grew 45% YoY to 251000 TEUs (I-direct estimate: 224900 TEUs). Growth is expected to have been largely derived from the higher transshipment volumes. Bulk volumes de-grew 40% YoY to 0.33 MT (vs. 0.53 MT in Q2FY19). Liquid volumes fell 54% YoY to 0.15 MT (vs. 0.09 MT in Q2FY19). Volumes from Ro-Ro activity de-grew 33% YoY to 20000 cars (vs. 22000 cars in Q2FY19)...

Number of FII/FPI investors decreased from 211 to 203 in Jun 2025 qtr

Gujarat Pipavav Port Ltd.

05 Nov 2018

159.20

1.26%

Gujarat Pipavav Port

Hold: Gujarat Pipavav Port Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues grew 13% YoY to | 171 crore (I-direct estimate: | 163 crore). Container volumes grew 49% YoY to 238000 TEUs (I-direct estimate: 179200 TEUs). Growth was mainly due to higher transhipment volumes. Bulk volumes grew 3% YoY to 0.53 MT (vs. 0.62 MT in Q1FY19). Liquid volumes declined 67% YoY to 0.09 MT (vs. 0.16 MT in...

Number of FII/FPI investors decreased from 211 to 203 in Jun 2025 qtr

Gujarat Pipavav Port Ltd.

13 Aug 2018

159.20

1.26%

Gujarat Pipavav Port

Hold: Gujarat Pipavav Port Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues grew 4% YoY to | 176 crore (I-direct estimate: | 168 crore). Container volumes grew 18% YoY to 195000 TEUs (I-direct estimate: 189800 TEUs). Growth was mainly on the back of addition of a new liner in Q4FY18. Bulk volumes grew 23% YoY to 0.62 MT vs. 0.27 MT in Q4FY18. Liquid volumes fell 25% YoY to 0.16 MT vs. 0.21 MT in...

Gujarat Pipavav Port Ltd. is trading above all available SMAs

Gujarat Pipavav Port Ltd.

22 May 2018

159.20

1.26%

Gujarat Pipavav Port

Hold: Gujarat Pipavav Port Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues de-grew 5.2% YoY to | 165.5 crore (I-direct estimate: | 171 crore). Container volumes grew 30% YoY to 205000 TEUs (I-direct estimate: 187400 TEUs). Growth was mainly on the back of new services & ad hoc calls. Bulk volumes de-grew 19% YoY to 0.27 MT vs. 0.33 MT in Q4FY17. Liquid volumes declined 16% YoY to 0.21 MMT vs. 0.25 MMT in Q4FY17. Volumes from Ro-Ro activity declined 4% YoY to 23000 cars vs. 24000 cars in Q4FY17...

Number of FII/FPI investors decreased from 211 to 203 in Jun 2025 qtr

Gujarat Pipavav Port Ltd.

07 Feb 2018

159.20

1.26%

Gujarat Pipavav Port

Hold: Gujarat Pipavav Port Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues de-grew by 4% YoY (up 7% QoQ) to | 162.7 crore (I-direct estimate: | 168.8 crore). Container volumes grew 4% YoY (8% QoQ) a to 173000 TEU's (higher than our estimate of 170000 TEU's). Bulk volumes grew by 10% YoY (up 8% QoQ) to 0.55 MT as compared to 0.5 MT in Q3FY17 and 0.51 MT in Q2FY18. Liquid volumes rose by 39% YoY (up 14% QoQ) to 320000 MT vs. 230000 MT in Q3FY17 (280000 MT in Q2FY18). Volumes from Ro-Ro activity rose by 11%...

Gujarat Pipavav Port Ltd. is trading above all available SMAs

Gujarat Pipavav Port Ltd.

21 Nov 2017

159.20

1.26%

After directing ME-1 from Mundra Port (now a shared service call between Mundra and Pipa...

Buy: Gujarat Pipavav Port Ltd.

Recommendation Target

Emkay

After directing ME-1 from Mundra Port (now a shared service call between Mundra and Pipavav Port), Maersk Line has shifted FI3 service to Pipavav. As per our channel checks, FI3 currently drives a volume of ~120,000 TEUs per annum at Mundra This shift can take Pipavav's monthly run-rate to ~65,000 TEUs in FY19E from ~55,000 TEUs in FY18E (assuming zero growth in base monthly volume of 54,000-55,000 TEUs). Given that Maersk is a large customer for Mundra, we do not rule out the possibility of...

Number of FII/FPI investors decreased from 211 to 203 in Jun 2025 qtr

Is Gujarat Pipavav Port Ltd. worth buying?

362 Votes:

Buy 82.87%

Sell 7.46%

Hold 9.67%