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.

20 May 2016

152.39

2.20%

Gujarat Pipavav Port

Buy: Gujarat Pipavav Port Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research GPPL's revenues for Q4FY16 continued to be impacted for the second consecutive quarter by loss of certain lines. Revenues were...

Gujarat Pipavav Port Ltd. is trading below its 30 day SMA of 157.3

Gujarat Pipavav Port Ltd.

01 Apr 2016, 06:00PM

152.39

2.20%

Master Pick-Gujarat Pipavav Port Ltd

Accumulate: Gujarat Pipavav Port Ltd.

Religare

Gujarat Pipavav Port Limited is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations. Unlike most ports in the western region where coal is an important shipment, GPPL derives only 30% of its volumes from coal. Nearly 60 per cent of its business is from container handling and 10% is from liquid terminals.

Gujarat Pipavav Port Ltd. has gained 21.96% in the last 6 Months

Gujarat Pipavav Port Ltd.

02 Feb 2016

152.39

2.20%

Gujarat Pipavav Port Ltd- Research Report

Hold: Gujarat Pipavav Port Ltd.

Angel Broking

For 3QFY2016, Gujarat Pipavav Port (GPPL) reported 10.3% yoy decline in revenues to Rs152cr. On sequential basis revenue was up 8.3%. Reported top-line number is below our expectation of Rs170cr. Top-line de-growth on a yoy basis is on account of (1) 9.2% decrease in Container business volumes (to 178,000TEUs), and (2) 63.3% decrease in Dry Bulk business (to 443,000MT). GPPL reported an EBITDA of Rs87cr, which is ahead of our expectation of Rs81cr. The reported EBITDA margin of the company came in at 57.1%, up from 48.2% in the sequential previous quarter and from 50.5% in the corresponding quarter a year ago. EBITDA during the quarter benefitted from shift in business mix and Rs1cr of reversal with regards the dredging cost. GPPL reported an Adj. PAT of Rs53cr, down 40.3% yoy, and 12.6% qoq. Adj. PAT margin for the quarter came in at 35.0% vs 52.7% in the corresponding quarter a year ago. Adj. PAT number, on yoy basis, was impacted by (1) Rs28cr of tax expense (vs tax exemption in 3QFY2015), (2) 53.4% increase in depreciation expenses to Rs25cr, and (3) 1.6% decrease in other income to Rs20cr. The sharp increase in depreciation expense is owing to the change...