GIPCLUtilities

Gujarat Industries Power Company Limited

Power Generation · ISIN INE162A01010 · BSE 517300 · NSE EQ · FV ₹10
Last price
₹186
+0.53%today
What this company does

Gujarat Industries Power Company Limited operates in Power Generation, part of the Utilities sector. It booked ₹499 cr of revenue in its latest quarter (Q1 FY27) and kept 31.6% of sales as profit.

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Utilities, on all six measures of filed financials. Each measure is ranked against the 7–25 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns70

How much profit it earns on the money it employs

Balance sheet35

How much it owes, and whether earnings cover the interest

Cash quality63

Whether reported profit actually arrives as cash

Growth & consistency54

Whether sales and profit have grown, and how steadily

Valuation83

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 32% net margin
Sales up 34% vs last year
Profit up 175% vs last year
Promoters hold 57%
No promoter shares pledged
Strong 16% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GIPCL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹186 +0.53%
latest close · 2026-09-17
1-year return
+127.8%
52-wk low ₹6852-wk high ₹212
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio4.6Low
LowAverageHigh
P/B ratio0.75Below book
Below bookModerateHigh
EV / EBITDA4.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.4%Strong
WeakFairStrong ▸15%
Return on capital12.3%Fair
WeakFairStrong
Net margin31.6%Strong
ThinDecentStrong
EBITDA margin70.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.88Moderate
LowModerateHigh ▸1
Interest cover5.1×Strong
RiskyOkayStrong ▸5×
Current ratio0.89Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹2,889 cr
Book value
₹247
EPS
₹10.17
latest quarter
Net debt
₹3,116 cr
owes more than its cash
Enterprise value
₹6,005 cr
EBITDA
₹1,415 cr
annualised
EBIT
₹1,049 cr
annualised
Operating margin
52.5%
Return on assets
6.7%
Earnings yield
21.86%
P/S
1.45
Sales / share
₹128.7
Tax rate
25.2%
Face value
₹10
Shares
15.5 cr
Working capital
₹-96 cr
Current assets
₹817 cr
Current liabilities
₹913 cr
Delivery %
53.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Priced about rightMedium confidence
Median of 2 models ₹163 vs market price ₹186 — price is 14% above it
Safety cushion-13.9%(target ≥ +20%)
Models span ₹86₹240, midpoint ₹163
Model ₹163
Price ₹186
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹499 cr
Other Income₹112 cr
Total Income₹611 cr
Cost of Materials₹164 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹35 cr
Finance Costs₹51 cr
Depreciation & Amortisation₹91 cr
Other Expenses₹58 cr
Total Expenses₹400 cr
Profit before Tax₹211 cr
Tax Expense₹53 cr
Net Profit₹158 cr
Net margin on total income25.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹164 cr26.8%
Employee benefit expense₹35 cr5.8%
Finance costs₹51 cr8.4%
Depreciation & amortisation₹91 cr15.0%
Other expenses₹58 cr9.6%
Tax expense₹53 cr8.7%
Profit for the period₹158 cr25.8%
Total income ₹611 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue370 cr428 cr499 cr
Total income383 cr471 cr611 cr
Expenses361 cr373 cr400 cr
Profit before tax21 cr98 cr211 cr
Tax24 cr-229 cr53 cr
Net profit (owners' share)-3 cr327 cr158 cr
Net margin (owners' share, on revenue)-0.9%76.3%31.6%
EPS (₹)-0.2121.0610.17
YoY (latest quarter): total income +56.4% · net profit +174.8%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹9,426 cr
Shareholder equity
₹3,840 cr
parent shareholders
Total debt
₹3,378 cr
Cash
₹261 cr
Cash flow · H1 FY26
Operating
₹309 cr
Investing
₹-1,226 cr
Financing
₹682 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limited₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.20%
trailing 12 months
Dividend / share (TTM)
₹4.1
Last dividend
₹4.1
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹4.1 / share11 Sep 2026
Dividend₹4.09 / share12 Sep 2025
Dividend₹3.95 / share13 Sep 2024
Dividend₹3.75 / share8 Sep 2023
Dividend₹2.5 / share14 Sep 2022
Dividend₹2.7 / share15 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
56.6%
FII / Foreign
2.9%
DII / Domestic
5.0%
Retail / others
35.5%
Promoter stake up 1.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtGUJARAT ALKALIES AND CHEMICALS LIMITED · Promoters19.82 L · ₹45.0 cr29 Mar 25
Bulk / block deals
short · NSE14 Sep 26
short · NSE51026 Aug 26
short · NSE119 Nov 25
Stake changes
BoughtGUJARAT ALKALIES AND CHEMICALS LIMITED · promoter→ 16.15% · 19.82 L29 Mar 25
SoldICICI Prudential Mutual Fund the fund Under its Scheme→ 3.69% · 1.19 L4 Jan 21
SoldICICI Prudential Life Insurance Company Ltd→ 3.20% · 30.64 L29 Jun 17
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 26 Mar 2026
See the official result
1
To appoint Shri Sanjay S. Bhatt (DIN:02025125) Nominee of Gujarat Alkalies and Chemicals Limited, as a Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.91 cr votes for, 9,626 against · 0% of mutual funds and other big investors said no
2
To approve material transactions to be entered with Related Parties for the Financial Year 2026-27
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.68 cr votes for, 11,080 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 56.6% between them · as of 2026-06-30
Gujarat Urja Vikas Nigam Limited24.73%
Gujarat Alkalies and Chemicals Limited16.15%
Gujarat State Fertilizers and Chemicals Limited15.68%
Liquidators Petrofills Cooperative Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.