| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 2,162 | 2,536 | 2,479 | 2,324 | 3,053 | 3,074 | 3,051 | 3,177 | 1,524 | 3,018 | 3,319 | 3,813 | 3,470 | 4,130 | 5,558 | 5,013 | 5,590 | 4,336 | 4,040 | 4,315 | 4,149 | 4,320 | 4,445 | 4,647 | 4,796 | 4,068 | 4,457 | 4,399 | 4,208 |
| Expenses | 1,495 | 1,820 | 1,796 | 1,713 | 2,150 | 2,232 | 2,282 | 2,366 | 979 | 1,862 | 2,263 | 2,865 | 2,324 | 3,280 | 4,907 | 4,012 | 4,563 | 3,329 | 3,149 | 3,433 | 3,394 | 3,352 | 3,608 | 3,570 | 3,905 | 3,304 | 3,808 | 3,723 | 3,389 |
| EBITDA | 667 | 715 | 683 | 611 | 903 | 842 | 769 | 811 | 545 | 1,155 | 1,056 | 948 | 1,146 | 850 | 650 | 1,001 | 1,027 | 1,008 | 891 | 882 | 755 | 969 | 837 | 1,076 | 891 | 764 | 649 | 676 | 819 |
| Operating Profit % | 29 % | 27 % | 27 % | 25 % | 29 % | 27 % | 25 % | 25 % | 35 % | 38 % | 31 % | 24 % | 32 % | 20 % | 11 % | 20 % | 18 % | 23 % | 21 % | 20 % | 17 % | 21 % | 18 % | 21 % | 17 % | 17 % | 13 % | 13 % | 17 % |
| Depreciation | 116 | 116 | 117 | 120 | 127 | 130 | 129 | 133 | 132 | 136 | 137 | 137 | 139 | 143 | 146 | 151 | 151 | 155 | 158 | 157 | 161 | 165 | 168 | 169 | 171 | 179 | 179 | 179 | 184 |
| Interest | 109 | 108 | 106 | 103 | 102 | 100 | 88 | 80 | 72 | 63 | 52 | 41 | 35 | 27 | 25 | 24 | 21 | 20 | 15 | 6 | 8 | 15 | 8 | 8 | 8 | 9 | 10 | 11 | 8 |
| Profit Before Tax | 442 | 491 | 460 | 388 | 674 | 613 | 552 | 598 | 341 | 957 | 867 | 770 | 972 | 680 | 479 | 826 | 855 | 833 | 718 | 719 | 586 | 789 | 661 | 899 | 712 | 577 | 460 | 486 | 626 |
| Tax | 170 | 150 | 149 | 121 | 235 | -320 | 143 | 101 | 93 | 240 | 217 | 193 | 244 | 167 | 128 | 186 | 207 | 211 | 188 | 176 | 152 | 199 | 165 | 236 | 185 | 154 | 125 | 134 | 161 |
| Net Profit | 272 | 341 | 311 | 267 | 439 | 933 | 409 | 498 | 248 | 717 | 650 | 578 | 728 | 513 | 351 | 640 | 648 | 621 | 530 | 543 | 434 | 590 | 496 | 663 | 527 | 423 | 335 | 352 | 465 |
| EPS in ₹ | 3.83 | 5.71 | 4.39 | 3.77 | 5.88 | 12.34 | 5.64 | 6.79 | 3.92 | 8.84 | 8.34 | 7.39 | 9.03 | 7.06 | 5.22 | 7.73 | 8.39 | 7.73 | 6.37 | 6.61 | 5.94 | 8.06 | 7.00 | 8.42 | 6.65 | 4.99 | 4.15 | 3.90 | 5.58 |
Gujarat State Petronet
Gujarat State Petronet
299.50
-6.05
(-1.98%)
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Analyst Rating and Forecast
- By Refinitiv from17 analysts
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Gujarat State Petronet Limited (GSPL) appointed Shri Manoj Kumar Das, IAS as Chairman Managing Director effective November 1, 2025. Das, who serves as Chief Secretary to Government of Gujarat, was nominated by Gujarat State Petroleum Corporation Limited for the position. He holds a B.Tech in Computer Science from IIT-Kharagpur and has extensive experience in revenue administration, urban management, and disaster management. Das previously served as Joint Managing Director at Gujarat State Petroleum Corporation Limited and currently serves as Director on the boards of GSPC LNG Limited and Gujarat State Police Housing Corporation Limited. The company confirmed that Das is not debarred from holding directorship by any SEBI order and is not related to any existing director.
Gujarat State Petronet Chairman Managing Director Shri Pankaj Joshi Resigns Due to Superannuation
7 days ago
7 days agoShri Pankaj Joshi, IAS (DIN: 01532892) resigned as Chairman Managing Director of Gujarat State Petronet Limited on October 31, 2025. The resignation occurred due to his superannuation as Chief Secretary to Government of Gujarat through GAD Notification No. AIS/35.2025/51/G dated October 28, 2025. The company received the resignation copy on November 1, 2025. Joshi also resigned from multiple other positions including Chairman roles at Gujarat State Fertilizers Chemicals Limited and Gujarat Narmada Valley Fertilizers Chemicals Limited, along with director positions at Gujarat State Petroleum Corporation Ltd., Gujarat Gas Limited, GSPL India Gasnet Limited, GSPL India Transco Limited, and Sardar Sarovar Narmada Nigam Limited.
Gujarat State Petronet Limited held a meeting of equity shareholders on October 17, 2025, through video conferencing to consider and approve a composite scheme of amalgamation and arrangement. The meeting was directed by the Ministry of Corporate Affairs through an order dated September 10, 2025. The scheme involves five companies: Gujarat State Petroleum Corporation Limited (Transferor Company 1), Gujarat State Petronet Limited (Transferor Company 2), GSPC Energy Limited (Transferor Company 3), Gujarat Gas Limited (Transferee Company/Demerged Company), and GSPL Transmission Limited (Resulting Company). The meeting was chaired by Shri Pankaj Joshi, IAS, who is also the Chairman and Managing Director of the company. Shareholders voted on a resolution to approve the amalgamation scheme under Sections 230 to 232 of the Companies Act, 2013. The meeting commenced at 4:00 PM and concluded at 4:45 PM, with e-voting facility remaining open for an additional 15 minutes. M/s K K Patel & Associates was appointed as scrutinizer for the voting process.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
180.47 | #1 1,18,660.80 | 10.83 | #1 1,43,171.10 | 6.66 | #1 12,463 | -26.06 | 51.54 | |
299.50 | #2 16,898.10 | #1 10.71 | #2 17,720.10 | #3 1.37 | #2 1,637 | #1 -11.72 | 34.53 | |
15.10 | 11.00 | 1,510.00 | 12.10 | #1 19.80 | 0 | -100.00 | 38.58 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
1.37 %
Net Income Growth
-25.02 %
Cash Flow Change
-2.23 %
ROE
-30.63 %
ROCE
-28.96 %
EBITDA Margin (Avg.)
-15.96 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 5,868 | 5,838 | 11,808 | 11,963 | 12,462 | 13,350 | 14,169 | 15,294 | 17,316 | 19,056 | 20,807 |
| Fixed Assets | 3,170 | 3,123 | 8,069 | 8,208 | 8,898 | 9,256 | 9,497 | 9,946 | 10,481 | 10,779 | 11,695 |
| Current Assets | 778 | 890 | 1,594 | 1,318 | 1,542 | 1,853 | 1,790 | 1,791 | 3,136 | 4,011 | 5,582 |
| Capital Work in Progress | 949 | 768 | 1,192 | 1,374 | 908 | 807 | 953 | 1,245 | 1,409 | 1,680 | 1,121 |
| Investments | 0 | 723 | 469 | 590 | 696 | 1,023 | 1,457 | 1,670 | 1,621 | 1,889 | 1,792 |
| Other Assets | 1,750 | 1,224 | 2,079 | 1,790 | 1,960 | 2,264 | 2,262 | 2,433 | 3,805 | 4,708 | 6,198 |
| Total Liabilities | 5,868 | 5,838 | 11,808 | 11,963 | 12,462 | 13,350 | 14,169 | 15,294 | 17,316 | 19,056 | 20,807 |
| Current Liabilities | 555 | 473 | 1,711 | 3,066 | 2,987 | 3,104 | 3,107 | 2,819 | 3,018 | 3,025 | 3,532 |
| Non Current Liabilities | 1,373 | 1,379 | 4,336 | 5,613 | 5,168 | 3,841 | 2,603 | 1,958 | 1,610 | 1,648 | 1,720 |
| Total Equity | 3,941 | 3,986 | 5,761 | 3,284 | 4,306 | 6,405 | 8,459 | 10,517 | 12,688 | 14,383 | 15,555 |
| Reserve & Surplus | 3,217 | 3,423 | 3,962 | 1,865 | 2,731 | 4,320 | 5,827 | 7,355 | 8,885 | 10,261 | 11,082 |
| Share Capital | 563 | 563 | 564 | 564 | 564 | 564 | 564 | 564 | 564 | 564 | 564 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -13 | -15 | -70 | 89 | 50 | 471 | -279 | -271 | 720 | 114 | -557 |
| Investing Activities | -201 | -321 | -835 | -3,593 | -612 | -806 | -1,080 | -1,359 | -1,816 | -2,142 | -2,754 |
| Operating Activities | 626 | 603 | 1,644 | 1,669 | 2,044 | 2,771 | 2,897 | 2,748 | 3,340 | 2,803 | 2,741 |
| Financing Activities | -438 | -297 | -879 | 2,013 | -1,382 | -1,494 | -2,096 | -1,659 | -805 | -547 | -544 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % | 37.63 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 16.01 % | 0.00 % | 15.67 % | 15.85 % | 15.21 % | 14.67 % | 14.75 % | 15.11 % | 15.47 % |
| DIIs | 18.70 % | 18.80 % | 19.77 % | 21.39 % | 22.03 % | 21.52 % | 23.81 % | 24.29 % | 24.89 % | 25.19 % | 25.17 % | 24.45 % | 24.73 % | 23.57 % | 24.87 % | 25.79 % | 25.80 % | 25.69 % | 25.22 % |
| Government | 10.98 % | 10.98 % | 10.98 % | 10.98 % | 10.98 % | 10.98 % | 2.01 % | 2.01 % | 2.01 % | 2.01 % | 2.01 % | 2.01 % | 2.01 % | 2.01 % | 10.00 % | 2.02 % | 2.01 % | 2.01 % | 2.01 % |
| Public / Retail | 6.43 % | 6.34 % | 6.66 % | 6.55 % | 6.44 % | 6.59 % | 6.62 % | 6.61 % | 6.52 % | 6.38 % | 6.94 % | 7.23 % | 7.39 % | 8.66 % | 7.52 % | 7.30 % | 7.36 % | 7.03 % | 7.17 % |
| Others | 26.27 % | 26.25 % | 24.96 % | 23.45 % | 22.92 % | 23.28 % | 29.93 % | 29.46 % | 28.95 % | 28.79 % | 12.25 % | 28.69 % | 12.57 % | 12.28 % | 4.76 % | 12.59 % | 12.45 % | 12.52 % | 12.50 % |
| No of Share Holders | 1,33,778 | 1,39,409 | 1,54,526 | 1,54,125 | 1,55,457 | 1,58,030 | 1,64,830 | 1,63,688 | 1,59,984 | 1,59,401 | 1,68,296 | 1,73,763 | 1,80,765 | 2,39,948 | 2,18,803 | 2,07,355 | 2,08,446 | 1,99,501 | 1,95,924 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1.5 | 1.75 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| Dividend Yield (%) | 0.00 | 0.79 | 0.92 | 1.16 | 0.73 | 0.77 | 0.75 | 1.4 | 1.72 | 1.67 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 11 Nov 2025 |  Quarterly Result Announcement | NA | 11 Nov 2025 | 302.70 | 299.00 |
| 09 Sept 2021 |  Dividend | ₹ 2.00 /share | 08 Sept 2021 | 280.00 | 348.00 |
| 02 Sept 2022 | Dividend | ₹ 2.00 /share | 01 Sept 2022 | 263.90 | 240.00 |
| 01 Sept 2023 | Dividend | ₹ 5.00 /share | 01 Sept 2023 | 280.50 | 276.30 |
| 06 Sept 2024 | Dividend | ₹ 5.00 /share | 06 Sept 2024 | 291.00 | 460.40 |
| 19 Sept 2024 |  Annual General Meeting | NA | 19 Sept 2024 | 338.45 | 401.05 |
| 07 Nov 2024 | Quarterly Result Announcement | NA | 07 Nov 2024 | 395.35 | 385.60 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 343.40 | 335.55 |
| 22 May 2025 | Quarterly Result Announcement | NA | 22 May 2025 | 325.00 | 350.30 |
| 12 Aug 2025 | Quarterly Result Announcement | NA | 12 Aug 2025 | 323.70 | 302.90 |
| 10 Sept 2025 | Dividend | ₹ 5.00 /share | 10 Sept 2025 | 350.30 | 302.90 |
| 23 Sept 2025 | Annual General Meeting | NA | 23 Sept 2025 | 305.70 | 313.00 |
| 17 Oct 2025 |  Extraordinary General Meeting | NA | 17 Oct 2025 | 308.15 | 315.65 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication2 days ago
2 days agoAnnouncement under Regulation 30 (LODR)-Change in Directorate5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Change in Management5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Resignation of Chairman and Managing Director7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Resignation of Director7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Change in DirectorateOct 22, 2025
Oct 22, 2025Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportOct 18, 2025
Oct 18, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateOct 18, 2025
Oct 18, 2025Proceedings Of The Meeting Of Equity Shareholders Of GSPL Held On 17Th October 2025Oct 17, 2025
Oct 17, 2025Shareholder Meeting / Postal Ballot-Outcome of Court Convened MeetingOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Change in ManagementOct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorOct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorOct 15, 2025
Oct 15, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 14, 2025
Oct 14, 2025GSPL Informs The Exchange About The ESG Ratings Assigned By CRISIL ESG Ratings & Analytics LimitedOct 13, 2025
Oct 13, 2025Closure of Trading WindowSep 30, 2025
Sep 30, 2025Board Meeting Intimation for Intimation Of Board Meeting For Consideration Of Un-Audited Financial Results For Quarter And Half Year Ended On 30Th September 2025.Sep 30, 2025
Sep 30, 2025Announcement under Regulation 30 (LODR)-Meeting UpdatesSep 23, 2025
Sep 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementSep 14, 2025
Sep 14, 2025Notice Convening Meeting Of The Equity Shareholders Of The Gujarat State Petronet Limited As Per The Order Of The Honble MCASep 14, 2025
Sep 14, 2025Intimation Of Date Of Meeting Of Equity Shareholders Of GSPL As Per The Directions Issued By Honble MCA New DelhiSep 12, 2025
Sep 12, 2025Announcement under Regulation 30 (LODR)-Scheme of ArrangementSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 01, 2025
Sep 01, 2025Notice Of 27Th Annual General Meeting Of The CompanyAug 30, 2025
Aug 30, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 30, 2025
Aug 30, 2025Reg. 34 (1) Annual Report.Aug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 26, 2025
Aug 26, 2025Record Date For The Payment Of Dividend To Be Declared At 27Th Annual General Meeting Is Fixed As Wednesday 10Th September 2025Aug 25, 2025
Aug 25, 202527Th Annual General Meeting And Record Date For The Payment Of DividendAug 25, 2025
Aug 25, 2025Presentation On Performance HighlightsAug 12, 2025
Aug 12, 2025The Board Has Approved The Appointment Of Secretarial Auditor Cost Auditor CFO/KMP Interim CFO/KMP And CROAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 12, 2025
Aug 12, 2025Board Meeting Outcome for The Board Of Directors Of The Company At Its Meeting Held Today I.E. 12Th August 2025 Has Approved The Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter Ended 30Th June 2025.Aug 12, 2025
Aug 12, 2025Board Meeting Intimation for Consideration Of Un-Audited Financial Results For Quarter Ended On 30Th June 2025.Jul 16, 2025
Jul 16, 2025Closure of Trading WindowJul 16, 2025
Jul 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 14, 2025
Jul 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 10, 2025
Jul 10, 2025Closure of Trading WindowJun 30, 2025
Jun 30, 2025Announcement under Regulation 30 (LODR)-RetirementMay 31, 2025
May 31, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
May 29, 2025Performance Highlights Based On The Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter/Year Ended 31St March 2025May 22, 2025
May 22, 2025Corporate Action-Board approves DividendMay 22, 2025
May 22, 2025Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter/Year Ended 31St March 2025May 22, 2025
May 22, 2025Board Meeting Outcome for The Board At Its Meeting Today Approved The Standalone And Consolidated Financial Results For The Quarter & Year Ended 31St March 2025 And Recommended Dividend Subject To Approval Of ShareholdersMay 22, 2025
May 22, 2025Closure of Trading WindowMay 02, 2025
May 02, 2025Board Meeting Intimation for Audited Financial Results For The Quarter And Financial Year Ended On 31St March 2025 And Dividend If Any For The Financial Year 2024 - 25 May Be Considered At The Aforesaid Board Meeting.May 02, 2025
May 02, 2025Mutual Fund Holdings
SBI Energy Opportunities Fund Direct - Growth 
Mirae Asset Large & Midcap Fund Direct-Growth 
ICICI Prudential Value Direct-Growth 
Kotak Large & Midcap Fund Direct-Growth 
DSP ELSS Tax Saver Fund Direct Plan-Growth 
Sundaram Mid Cap Fund Direct-Growth 
Franklin India Small Cap Fund Direct-Growth 
Tata Large & Mid Cap Fund Direct Plan-Growth 
HDFC Retirement Savings Fund Equity Plan Direct-Growth Technical Indicators
RSI(14)
Neutral 34.53
ATR(14)
Volatile 7.16
STOCH(9,6)
Oversold 19.04
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -1.51
ADX(14)
Weak Trend 13.16
UO(9)
Bearish 40.94
ROC(12)
Downtrend And Accelerating -3.74
WillR(14)
Oversold -83.20
About Gujarat State Petronet
Gujarat State Petronet Limited (GSPL) is an Indian company primarily engaged in natural gas transmission through pipelines on an open access basis. It develops energy transportation infrastructure in Gujarat, connecting major supply sources to demand markets. GSPL operates a network of natural gas pipelines and is involved in city gas distribution and electricity generation through windmills. The company has three subsidiaries: GSPL India Gasnet Limited, GSPL India Transco Limited, and Gujarat Gas Limited. GSPL's operations include planning, designing, constructing, and maintaining natural gas pipelines and associated facilities. The company also supports local vendors and supply chain partners.
Listing Date
16 Feb, 2006(19 Years,
-8 days)
Website
Chairperson NameM K Das
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