NSE: GSPL | BSE: 532702

Mid-range Performer

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289.90 -0.80 (-0.28%)

38.28% Fall from 52W High

353.5K NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

16,356.5

Market Cap

Above industry Median

0.8

Beta 1Year

Very Low volatility

Dividend

Gujarat State Petronet Ltd. has an upcoming dividend of ₹5.00 per share due on 10 Sep 2025 See details

Gujarat State Petronet Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GSPL, BSE:532702 Gujarat State Petronet Ltd.

Gujarat State Petronet Ltd.

14 Feb 2020

289.90

-0.28%

Gujarat State Petronet (3QFY20): Forward march. Maintain BUY

Buy: Gujarat State Petronet Ltd.

Target

HDFC Securities

We maintain our conviction on GSPL based on (1) Stable volume growth (+5% CAGR over FY20-22E to 42.5mmscmd) (2) Smoothening of cyclicality in its earnings, post acquisition of a controlling stake in Gujarat Gas (3) Steady cash flows (FCF of Rs 32.80bn over FY20-23E) from transmission business that will turn the company's position to a net cash one. We value the transmission business using Discounted Cash Flow (DCF) at Rs 138/sh (WACC of 10.5% and Terminal growth rate of 0%). To this, we add Rs 115/sh as value of its investments in Gujarat Gas, Sabarmati Gas and other investments to arrive at the target price of Rs 253/sh. We maintain BUY on GSPL though the Q3 PAT missed our estimates. Benign spot LNG prices will continue to (1) Drive volume growth from industrial customers and (2) Encourage RIL to continue using LNG. Our EPS estimates for FY20/21/22E stand at Rs 17.3/19.7/21.3 vs consensus EPS of Rs 28.1/25.7/23.7. Our SOTP based TP is Rs 253/share (consensus TP Rs 272).

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

Gujarat State Petronet Ltd.

13 Feb 2020

289.90

-0.28%

Gujarat State Petronet (BUY): EBITDA underperforms; volume outlook improving

Buy: Gujarat State Petronet Ltd.

Target

BOB Capital Markets Ltd.

Gujarat State Petronet's (GUJS) Q3FY20 EBITDA underperformed estimates at Rs 3.8bn (+7.6% YoY) due to lower volumes (37mmscmd, 5.7% QoQ).

Prabhudas Lilladhar released a Accumulate report for Gujarat State Petronet Ltd. with a price target of 348.0 on 13 Aug, 2025.

Gujarat State Petronet Ltd.

13 Feb 2020

289.90

-0.28%

Transmission volume exceeds expectations

Buy: Gujarat State Petronet Ltd.

Target

Motilal Oswal

13 February 2020 Higher-than-expected volume offset the lower implied transmission tariff and led to in-line EBITDA in 3QFY20. The QoQ decline in volume was primarily led by the refinery/petrochemical segments. We expect low LNG prices to spurt demand, especially from the power segment post monsoon. The company is a direct beneficiary of the upcoming LNG terminals in Gujarat and the renewed focus on reducing industrial pollution. GUJS reported in-line EBITDA of INR3.8b (3% miss; +8% YoY, -13% QoQ) as higher-than-expected transmission volume of 36.9mmscmd offset the lower implied tariff. Implied tariff declined from INR1,420/mscm in 3QFY19 and INR1,461/mscm in 2QFY20 to INR1,331/mscm in the quarter. PAT of INR2.2b was in line with our estimate (+28% YoY, -51% QoQ). The company had written back tax in the previous quarter as it moved to the new lower tax regime. Consumption from the refinery/petrochem segment continued to be the highest at 32% but slid from 12.9mmscmd in 2QFY20 to 11.8mmscmd in the quarter.

Prabhudas Lilladhar released a Accumulate report for Gujarat State Petronet Ltd. with a price target of 348.0 on 13 Aug, 2025.

Gujarat State Petronet Ltd.

03 Feb 2020

289.90

-0.28%

Ashika - Stock Picks - Gujarat State Petronet Ltd. - February 2020

Buy: Gujarat State Petronet Ltd.

Ashika Research

Gujarat State Petronet ltd. (GSPL) is the second largest natural gas pipeline operator and gas transporter after GAIL with 2621kms of gas network in Gujarat handling volume of 38mmscmd (Million Metric Standard Cubic Meter per Day). This ensures annuity earnings based on fixed transmission tariffs given steady volume for gas...

Prabhudas Lilladhar released a Accumulate report for Gujarat State Petronet Ltd. with a price target of 348.0 on 13 Aug, 2025.

Gujarat State Petronet Ltd.

02 Jan 2020

289.90

-0.28%

Model Trading Portfolio - Gujarat State Petronet Ltd

Buy: Gujarat State Petronet Ltd.

Edelweiss

Gujarat State Petronet is primarily engaged in transmission of natural gas through pipeline on an open access basis from supply points to demand centers.

Prabhudas Lilladhar released a Accumulate report for Gujarat State Petronet Ltd. with a price target of 348.0 on 13 Aug, 2025.

Gujarat State Petronet Ltd.

31 Dec 2019

289.90

-0.28%

Gujarat State Petronet (BUY): Power demand could be a dark horse

Buy: Gujarat State Petronet Ltd.

Target

BOB Capital Markets Ltd.

Our interaction with the Gujarat State Petronet (GSPL) management reinforces our core investment thesis.

Gujarat State Petronet Ltd. is trading below all available SMAs

Gujarat State Petronet Ltd.

09 Nov 2019

289.90

-0.28%

Gujarat State Petronet (BUY): EBITDA above estimates; volume outlook improving

Buy: Gujarat State Petronet Ltd.

Target

BOB Capital Markets Ltd.

Gujarat State Petronet's (GUJS) Q2FY20 EBITDA outperformed estimates at Rs 4.4bn (15% YoY), backed by higher margins of Rs 1.2/scm (Rs 1.1/scm estimated).

Prabhudas Lilladhar released a Accumulate report for Gujarat State Petronet Ltd. with a price target of 348.0 on 13 Aug, 2025.

Gujarat State Petronet Ltd.

09 Nov 2019

289.90

-0.28%

Transmission volume growth continues

Buy: Gujarat State Petronet Ltd.

Target

Motilal Oswal

9 November 2019 Standalone net sales were 6% higher than our est. at INR5.4b (-10% YoY), led primarily by higher than expected transmission volume and marginal improvement in implied tariff. Revenue in 2QFY19 included one-time retrospective adjustment in tariff; resulting in gas transportation in the quarter declining 10% YoY at INR5.3b. EBITDA was down 15% YoY at INR4.4b and PBT down 15% YoY (+16% est. led by lower interest cost) at INR3.9b. The company re-measured its DTL of INR12.8b, in line with adoption of the new lower tax rate. PAT was up 41% YoY to INR4.5b. EBITDA was down 2% YoY at INR8.4b, while PBT was flat YoY at INR7.

Gujarat State Petronet Ltd. is trading below all available SMAs

Gujarat State Petronet Ltd.

06 Aug 2019

289.90

-0.28%

Gujarat State Petronet: Q1FY20 Result Review

Accumulate: Gujarat State Petronet Ltd.

Recommendation Target

IDBI Capital

Gujarat State Petronet's (GSPL) Q1FY20 results were a beat to our estimates owing to higher transmission volumes. Revenue was up 31% YoY to Rs5.1bn, EBITDA increased by 16.9% YoY to Rs4.0bn and PAT grew by 42.7% YoY to Rs2.1bn. The company's...

Gujarat State Petronet Ltd. has lost -26.86% in the last 1 Year

Gujarat State Petronet Ltd.

06 Aug 2019

289.90

-0.28%

Gujarat State Petronet Ltd

Hold: Gujarat State Petronet Ltd.

Target

ICICI Securities Limited

Volumes increase due to higher CGD, industry offtake GSPL reported healthy natural gas transmission volume growth of 4.8% YoY to 38.2 mmscmd. On a QoQ basis, higher volume offtake from city gas distribution (CGD) sector, power and refining/petchem sector led to 17.9% QoQ increase in volumes. However, we build in lower volumes, going forward, on account of the estimated ramp up from private refinery petcoke gasification project. This would impact GSPL's volume growth in the near term. In the medium term, volumes from CGD and power sector will negate,...

Gujarat State Petronet Ltd. has lost -26.86% in the last 1 Year

Is Gujarat State Petronet Ltd. worth buying?

330 Votes:

Buy 82.73%

Sell 8.79%

Hold 8.48%

RESEARCH REPORTS

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