Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 253 | 270 | 251 | 246 | 227 | 263 | 252 | 250 | 299 | 292 | 317 | 332 |
| Expenses | 102 | 110 | 97 | 96 | 94 | 124 | 95 | 103 | 122 | 132 | 94 | 118 |
| Operating Profit | 151 | 159 | 154 | 150 | 133 | 139 | 157 | 147 | 178 | 160 | 223 | 214 |
| OPM % | 60% | 59% | 61% | 61% | 58% | 53% | 62% | 59% | 59% | 55% | 70% | 64% |
| Other Income | 26 | 25 | -32 | 25 | 25 | 25 | 23 | 25 | 70 | 19 | -0 | 17 |
| Interest | 2 | 2 | 3 | 2 | 2 | 1 | 2 | 2 | 1 | 2 | 1 | 1 |
| Depreciation | 29 | 29 | 29 | 29 | 29 | 31 | 28 | 31 | 32 | 32 | 30 | 31 |
| Profit before tax | 146 | 153 | 91 | 144 | 126 | 132 | 150 | 139 | 215 | 144 | 192 | 198 |
| Tax % | 37% | 24% | 27% | 24% | 40% | 25% | 25% | 25% | 25% | 25% | 26% | 26% |
| Net Profit | 92 | 116 | 66 | 110 | 75 | 99 | 112 | 104 | 161 | 108 | 142 | 148 |
| EPS in Rs | 1.91 | 2.40 | 1.36 | 2.27 | 1.56 | 2.06 | 2.32 | 2.16 | 3.32 | 2.23 | 2.94 | 3.06 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 660 | 683 | 649 | 702 | 735 | 733 | 741 | 917 | 988 | 986 | 1,158 | 1,240 |
| Expenses | 278 | 262 | 275 | 313 | 289 | 311 | 331 | 414 | 415 | 410 | 450 | 465 |
| Operating Profit | 382 | 421 | 374 | 389 | 447 | 422 | 411 | 503 | 574 | 576 | 708 | 775 |
| OPM % | 58% | 62% | 58% | 55% | 61% | 58% | 55% | 55% | 58% | 58% | 61% | 62% |
| Other Income | 61 | 66 | 59 | 76 | 78 | 48 | 30 | 35 | 31 | 99 | 114 | 105 |
| Interest | 0 | 0 | 0 | 0 | 7 | 6 | 5 | 8 | 9 | 6 | 7 | 6 |
| Depreciation | 97 | 107 | 104 | 113 | 131 | 133 | 129 | 116 | 116 | 117 | 126 | 126 |
| Profit before tax | 345 | 379 | 330 | 352 | 386 | 330 | 307 | 413 | 479 | 552 | 689 | 749 |
| Tax % | 34% | 26% | 33% | 33% | 17% | 33% | 36% | 24% | 29% | 28% | 25% | |
| Net Profit | 227 | 282 | 221 | 237 | 319 | 222 | 197 | 313 | 342 | 397 | 515 | 559 |
| EPS in Rs | 4.71 | 5.84 | 4.57 | 4.90 | 6.61 | 4.59 | 4.08 | 6.48 | 7.07 | 8.21 | 10.66 | 11.55 |
| Dividend Payout % | 40% | 65% | 74% | 71% | 85% | 98% | 98% | 94% | 103% | 100% | 98% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 10% | 8% | 25% | ||
| Compounded Profit Growth | 8% | 17% | 13% | 39% | ||
| Stock Price CAGR | -1% | 8% | 9% | 2% | ||
| Return on Equity | 14% | 16% | 18% | 21% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 | 483 |
| Reserves | 1,604 | 1,659 | 1,676 | 1,714 | 1,805 | 1,756 | 1,760 | 1,827 | 1,830 | 1,854 | 1,905 |
| Borrowings | 0 | 0 | 0 | 0 | 58 | 47 | 47 | 79 | 79 | 60 | 37 |
| Other Liabilities | 282 | 331 | 296 | 348 | 282 | 363 | 442 | 479 | 544 | 538 | 598 |
| Total Liabilities | 2,369 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,936 | 2,935 | 3,024 |
| Fixed Assets | 1,342 | 1,676 | 1,686 | 1,590 | 1,583 | 1,467 | 1,408 | 1,363 | 1,358 | 1,329 | 1,295 |
| CWIP | 392 | 92 | 32 | 45 | 6 | 53 | 49 | 95 | 81 | 83 | 286 |
| Investments | 174 | 206 | 228 | 259 | 286 | 290 | 294 | 315 | 321 | 338 | 355 |
| Other Assets | 462 | 499 | 509 | 651 | 754 | 839 | 981 | 1,096 | 1,177 | 1,186 | 1,088 |
| Total Assets | 2,369 | 2,473 | 2,456 | 2,546 | 2,629 | 2,649 | 2,733 | 2,869 | 2,936 | 2,935 | 3,024 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 389 | 406 | 315 | 299 | 343 | 388 | 380 | 370 | 489 | 449 | 510 |
| Cash from Investing Activity | -285 | -245 | -129 | -126 | -85 | -105 | -166 | -82 | -111 | -56 | -18 |
| Cash from Financing Activity | -0 | -227 | -204 | -198 | -250 | -296 | -220 | -273 | -370 | -404 | -495 |
| Net Cash Flow | 104 | -66 | -18 | -25 | 8 | -13 | -6 | 15 | 8 | -11 | -3 |
| Free Cash Flow | 23 | 263 | 261 | 268 | 329 | 343 | 329 | 312 | 417 | 354 | 220 |
| CFO/OP | 123% | 110% | 98% | 95% | 91% | 106% | 107% | 95% | 109% | 102% | 96% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 | 14 |
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 16 | 15 | 14 | 26 | 23 | 24 | 26 | 34 | 21 | 18 | 14 |
| Working Capital Days | -93 | -101 | -91 | -69 | -59 | -75 | -79 | -52 | -106 | -98 | -11 |
| ROCE % | 18% | 15% | 16% | 17% | 15% | 14% | 20% | 23% | 23% | 28% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% |
| FIIs | 20.12% | 19.81% | 18.31% | 18.53% | 19.81% | 20.49% | 19.45% | 19.48% | 19.82% | 21.04% | 22.14% | 22.05% |
| DIIs | 21.23% | 20.01% | 17.38% | 17.04% | 16.42% | 16.75% | 17.10% | 16.25% | 15.73% | 14.93% | 14.96% | 13.82% |
| Public | 14.65% | 16.19% | 20.31% | 20.42% | 19.77% | 18.75% | 19.44% | 20.26% | 20.43% | 20.01% | 18.88% | 20.12% |
| No. of Shareholders | 1,61,167 | 1,69,217 | 2,15,960 | 2,26,625 | 2,43,604 | 2,30,147 | 2,37,378 | 2,45,885 | 2,46,649 | 2,38,563 | 2,33,922 | 2,40,608 |
Fundamentals
Market Cap₹ 7,761 Cr.
Current Price₹ 161
Stock P/E14.3
Book Value₹ 49.4
ROCE28.1 %
ROE20.8 %
Dividend Yield6.48 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)25%
Compounded Profit Growth (TTM)39%
Consolidated figures.
Valuation
Market capRs 8,019 Cr
Enterprise valueRs 7,380 Cr
P/E (TTM)14.35x
Price to book3.36x
Price to sales6.47x
EV / EBITDA8.39x
EV / EBIT9.78x
EV / sales5.95x
Price to cash flow15.71x
Earnings yield6.97%
Dividend yield6.27%
P/E, 3-year average20.08x
P/B, 3-year average3.39x
P/E, 5-year average19.38x
P/B, 5-year average2.85x
Profitability
Operating margin (excl. other income)61.14%
Operating margin (incl. other income)70.97%
EBITDA margin70.96%
Pre-tax margin60.36%
Net profit margin45.05%
Net margin, latest quarter44.58%
ROE21.80%
ROCE28.87%
ROA17.29%
ROE, 3-year average17.89%
ROCE, 3-year average24.21%
ROA, 3-year average14.20%
ROE, 5-year average15.24%
ROCE, 5-year average20.84%
ROA, 5-year average12.22%
ROIC (approx.)32.22%
Tax rate25.27%
Other income / net worth4.77%
Growth
Sales growth (latest year)17.48%
Profit growth (latest year)29.80%
Sales CAGR, 3 years8.10%
Sales CAGR, 5 years9.57%
Profit CAGR, 3 years18.05%
Profit CAGR, 5 years18.34%
Sales growth QoQ4.59%
Profit growth QoQ4.01%
Sales growth YoY (latest quarter)32.64%
Profit growth YoY (latest quarter)41.76%
Per share
EPS (TTM)Rs 11.56
EPS (latest year)Rs 10.66
EPS (latest quarter)Rs 3.06
EPS, 3-year averageRs 8.65
EPS, 5-year averageRs 7.30
Book value per shareRs 49.40
Sales per shareRs 25.65
Cash flow per shareRs 10.56
Free cash flow per shareRs 4.55
Dividend per share (latest year)Rs 10.40
Dividend per share, 3-year averageRs 8.63
Dividend per share, 5-year averageRs 7.20
Dividends
Dividend payout97.59%
Dividend payout, 3-year average100.22%
Dividend payout, 5-year average98.57%
Efficiency
Asset turnover0.38x
Fixed asset turnover0.89x
Inventory turnover25.73x
Inventory days14 days
Debtor days14 days
Debtors turnover26.14x
Cash conversion cycle14 days
Working capital days-11 days
Leverage
Total debtRs 37 Cr
Cash and bankRs 676 Cr
Net debtRs -639 Cr
Debt to equity0.02x
Net debt / EBITDA-0.73x
Interest coverage131.87x
Current ratio (filing 2026-03-31)2.54x
Quick ratio (filing 2026-03-31)2.51x
Trade payables (filing 2026-03-31)Rs 57 Cr
Owners' fund to total sources78.99%
Debt to assets1.22%
Cash flow
Cash from Operating Activity (latest year)Rs 510 Cr
Cash from Investing Activity (latest year)Rs -18 Cr
Cash from Financing Activity (latest year)Rs -495 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs 220 Cr
FCFE (approx.: FCF + change in debt)Rs 196 Cr
Cash from ops / profit, 5 years1.25x
Sales to cash flow2.27x
Statement figures
Net sales (TTM)Rs 1,240 Cr
Net sales (latest year)Rs 1,158 Cr
Sales (latest quarter)Rs 332 Cr
Operating profit excl. other income (latest year)Rs 708 Cr
Operating profit (latest quarter)Rs 214 Cr
Other income (TTM)Rs 105 Cr
EBITDA (TTM)Rs 880 Cr
PBDT (TTM)Rs 874 Cr
Profit before tax (TTM)Rs 749 Cr
Tax (latest year)Rs 174 Cr
Net profit (TTM)Rs 559 Cr
Net profit (latest year)Rs 515 Cr
Net profit (latest quarter)Rs 148 Cr
Depreciation (TTM)Rs 126 Cr
Depreciation (latest quarter)Rs 31 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 304 Cr
Total expenditure (latest year)Rs 450 Cr
Total income (latest year)Rs 1,272 Cr
Share capitalRs 483 Cr
ReservesRs 1,905 Cr
Shareholders' fundsRs 2,388 Cr
Total assetsRs 3,024 Cr
Net blockRs 1,295 Cr
Capital work in progressRs 286 Cr
InvestmentsRs 355 Cr
ReceivablesRs 44 Cr
InventoryRs 12 Cr
Other liabilitiesRs 598 Cr
Shares outstanding (crore)48.34
Ownership
Promoter holding44.01% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.3 is at the 12th percentile of its own 9.4-year range
(median 19.5, low 11.3, high 32.8).
P/B 3.36 is at the 81th percentile (median 2.45).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | GPPL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +1.6% | -2.8% | +4.4 pts |
| 1 month | -1.9% | -6.8% | +4.9 pts |
| 3 months | +7.2% | -7.6% | +14.9 pts |
| 6 months | +16.5% | +0.4% | +16.1 pts |
| 1 year | +6.2% | -9.9% | +16.1 pts |
| 2 years | -24.4% | -13.6% | -10.8 pts |
| 3 years | +33.5% | +14.2% | +19.3 pts |
| 5 years | +54.1% | +27.9% | +26.2 pts |
26 mutual fund schemes hold about ₹1,094 Cr.
Over three months 9 bought more and 5 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HDFC Balanced Advantage Fund | 0.36% | 385 | +3% |
| Tata Small Cap Fund | 1.39% | 182 | -1% |
| HDFC Small Cap Fund | 0.35% | 147 | -0% |
| ICICI Pru Small Cap Fund | 0.97% | 95 | -33% |
| ICICI Pru Small Cap Fund | 0.97% | 93 | -33% |
| ICICI Pru Business Cycle Fund | 0.52% | 82 | -11% |
| HDFC Infrastructure Fund | 1.20% | 28 | +9% |
| HDFC Equity Savings Fund | 0.35% | 20 | +1% |
| ICICI Pru Transportation and Logistics Fund | 0.35% | 14 | +73% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.47% | 12 | -3% |
| ICICI Pru Retirement Fund-Pure Equity Plan | 0.50% | 11 | -4% |
| HDFC Dividend Yield Fund | 0.18% | 10 | +5% |
| JioBlackRock Flexi Cap Fund | 0.12% | 4 | +100% |
| ICICI Pru Balanced Hybrid Fund | 1.96% | 4 | +100% |
| Titanium Equity Long-Short Fund | 1.29% | 3 | +100% |
| ICICI Pru Quant Fund | 0.77% | 1 | +100% |
| Arudha Equity Long-Short Fund | 0.99% | 1 | +100% |
| HDFC Retirement Fund-Hybrid-Debt Plan | 0.34% | 0 | +6% |
| Aditya Birla SL BSE India Infrastructure Index Fund | 0.33% | 0 | +13% |
| Groww Nifty Total Market Index Fund | 0.02% | 0 | +3% |
| Angel One Nifty Total Market Index Fund | 0.02% | 0 | -2% |
| Mirae Asset Nifty Total Market Index Fund | 0.02% | 0 | +3% |
| Bandhan Nifty Total Market Index Fund | 0.02% | 0 | +3% |
| Motilal Oswal BSE 1000 Index Fund | 0.02% | 0 | +3% |
| Tata Infrastructure Fund | 0.00% | 0 | -100% |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹332 Cr +32.8% vs Jun 2025.
Net profit ₹148 Cr +42.3%.
Against our estimate for Jun 2026: sales +12.2%, profit +15.7% beat. Our estimate for Sep 2026: sales Rs 387 Cr, profit Rs 173 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Adani Ports & Special Economic Zone Ltd | 419,781 | 31.6 | 14.1 % |
| JSW Infrastructure Ltd | 81,550 | 52.6 | 13.6 % |
| Allcargo Terminals Ltd | 713 | 16.9 | 11.2 % |
| Starlog Enterprises Ltd | 60 | -15.1 % | |
| VMS Industries Ltd | 43 | 29.1 | 5.08 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-02 | Dividend - Rs 5 Per Share | |
| 2025-11-12 | Interim Dividend - Rs 5.40 Per Share | |
| 2025-08-28 | Dividend - Rs 4.20 Per Share | |
| 2024-11-19 | Interim Dividend - Rs 4 Per Share | |
| 2024-08-14 | Annual General Meeting/Dividend - Rs 3.70 Per Share | |
| 2023-11-21 | Interim Dividend - Rs 3.60 Per Share | |
| 2023-07-26 | Annual General Meeting/Dividend - Rs 3.40 Per Share | |
| 2022-11-18 | Interim Dividend - Rs 2.70 Per Share | |
| 2022-07-26 | Annual General Meeting/Dividend - Rs 2.40 Per Share | |
| 2021-11-24 | Interim Dividend - Rs 1.60 Per Share | |
| 2021-08-05 | Dividend - Rs 2.40 Per Share | |
| 2020-11-24 | Interim Dividend - Rs 2.1 Per Share | |
| 2020-07-29 | Dividend - Rs 3.50 Per Sh | |
| 2019-11-06 | Interim Dividend - Rs 2.10 Per Share | |
| 2019-07-30 | Annual General Meeting/ Dividend - Rs 1.80 Per Share | |
| 2018-11-13 | Interim Dividend Rs - Rs 1.70 Per Share | |
| 2018-08-01 | Annual General Meeting / Dividend- Rs 1.70 Per Share | |
| 2017-11-13 | Interim Dividend - Rs 1.70 Per Share | |
| 2017-08-02 | Annual General Meeting/Dividend - Rs 1.80 Per Share | |
| 2016-11-16 | Interim Dividend Rs 2/- Per Share | |
| 2016-08-03 | Annual General Meeting/ Dividend - Rs 1.90/- Per Share | |
| 2015-07-22 | Annual General Meeting | |
| 2014-04-23 | Annual General Meeting | |
| 2013-04-18 | Annual General Meeting | |
| 2012-04-20 | Annual General Meeting | |
| 2011-04-20 | Annual General Meeting |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
| Trade date | Shares sold short |
|---|---|
| 2026-09-30 | 5 |
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Gujarat Pipavav Port Ltd?
Gujarat Pipavav Port Ltd (GPPL) has a market capitalisation of Rs 7,761 Cr. at the 2026-10-01 close.
What is the P/E ratio of Gujarat Pipavav Port Ltd?
Gujarat Pipavav Port Ltd trades at a P/E of 14.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were Gujarat Pipavav Port Ltd's latest quarterly results?
In the Jun 2026 quarter, Gujarat Pipavav Port Ltd sales was Rs 332 Cr (+32.8% vs Jun 2025) and net profit was Rs 148 Cr.
What is the 52-week high and low of Gujarat Pipavav Port Ltd?
The 52-week high is Rs 200.09 and the 52-week low is Rs 141.55.