Gujarat State Petronet Limited
Gujarat State Petronet Limited
(GSPL) was set up to complement the efforts of GSPC. While GSPC harnesses and
procures natural gas, GSPL is building the infrastructure that transmits the
gas across the state of Gujarat and ultimately allows last-mile linkage to the
end-user.
GSPL is laying a gas grid, to facilitate gas transmission from supply points to
demand centres.
State-of-the-art network
The gas grid is equipped with the latest bi-directional gas transmission
technology to enable two-way gas flow. This introduces a lot of flexibility
into transmission by allowing gas to be sourced or uploaded at either end of
the pipeline network. Besides, the network is continuously monitored using
SCADA systems integrated with GIS technology.
Flexibility of transmission
Another innovation is in the open access or contract carrier principle of
transmission. This allows any gas transmission company to approach GSPL for
permission to use the network on payment of the required charges. Thus, private
sector participation in gas transmission is encouraged, which makes more
volumes available for consumers.
Pipeline Network
GSPL has already put in place a pipeline network of about 1960 km and further
extension of pipeline network is going on. The company has signed gas
transmission agreements with various industries for the transportation of
natural gas from various supply sources in Gujarat.
Fundamentals View
| MARKET CAP (Rs Cr) |
4,051.44 |
|
EPS
(TTM) |
9.12 |
| P/E |
7.89 |
|
P/C |
5.83 |
| BOOK VALUE (Rs) |
43.84 |
|
PRICE/BOOK |
1.64 |
| DIV (%) |
10.00% |
|
DIV YIELD.(%) |
1.39% |
| INDUSTRY P/E |
10.12 |
|
FACE VALUE (Rs) |
10 |
|
Mar '12 |
Mar '11 |
Mar '10 |
Mar '09 |
Mar '08 |
| Sales
Turnover |
1,123 |
1,047 |
1,001 |
488 |
418 |
| Operating Profit |
1,030 |
969 |
941 |
425 |
365 |
| Net Profit |
522 |
506 |
414 |
123 |
100 |
| Earnings Per Share |
9.28 |
9 |
7.36 |
2.2 |
1.78 |
| Face Value |
10 |
10 |
10 |
10 |
10 |
| Networth |
2,467 |
2,007 |
1,564 |
1,215 |
1,141 |
| Total Debt |
1,095 |
1,478 |
1,257 |
1,148 |
965 |
| Return on NW(%) |
21.16 |
25.25 |
26.46 |
10.18 |
8.8 |
| Debt Equity Ratio |
0.44 |
0.74 |
0.8 |
0.94 |
0.85 |
| Book Value |
43.84 |
35.64 |
27.8 |
21.62 |
20.3 |
| Market Price |
75.55 |
98.5 |
87.5 |
37.1 |
56.15 |
EPS is increasing at CAGR of 51% from 2008-12.
Average Net worth of company is 18%
Current Book Value is INR 43.84.
Industy PE is 10.12 whereas this stock is trading at 7.89 times.
Company is giving a dividend for the past 5 years.
Technical View
Momentum is making higher high and price is making a lower low.
Price is currently trading at Lower bollinger band.
Support at 38.2 level INR 69-70 as per Fibonacci Ratio.
MACD is moving upside to crossover.
Please invest before consulting your advisor.
