| 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 | Sept 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 | 4,122 |
| 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 | 3,399 |
| 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 | 723 |
| 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 % | 15 % |
| 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 | 188 |
| 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 | 9 |
| 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 | 527 |
| 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 | 138 |
| 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 | 389 |
| 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 | 4.62 |
Gujarat State Petronet
Gujarat State Petronet
298.20
-2.60
(-0.86%)
Analyst Rating and Forecast
- By Refinitiv from19 analysts
Actual
Company News
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Gujarat State Petronet has approved an investment in GSPL India Gasnet.
Gujarat State Petronet reported consolidated net profit of 2.61 billion rupees compared to 3.15 billion rupees in the previous quarter. Revenue decreased to 42.06 billion rupees from 43 billion rupees quarter-on-quarter. EBITDA fell to 6.21 billion rupees from 7.22 billion rupees, while EBITDA margin compressed to 14.76% from 16.8% in the previous quarter.
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.
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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 |
|---|---|---|---|---|---|---|---|---|
182.99 | #1 1,20,317.75 | 11.04 | #1 1,43,171.10 | 6.66 | #1 12,463 | -26.06 | 53.72 | |
298.20 | #2 16,824.78 | #1 11.01 | #2 17,720.10 | #3 1.37 | #2 1,637 | #1 -8.08 | 39.28 | |
16.70 | 12.17 | 1,615.00 | 12.10 | #1 19.80 | 0 | -100.00 | 50.35 |
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 | 1.68 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 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 |
| 11 Nov 2025 | Quarterly Result Announcement | NA | 11 Nov 2025 | 302.70 | 301.60 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
10 days ago
10 days agoGSPL Informs The Exchange About The Performance Highlights Of GSPL Based On The Un-Audited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended 30Th September 2025Nov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-AcquisitionNov 11, 2025
Nov 11, 2025Gujarat State Petronet Limited Informs The Exchange About The Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended On 30Th September 2025Nov 11, 2025
Nov 11, 2025Board Meeting Outcome for Gujarat State Petronet Limited Informs The Exchange About The Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended On 30Th September 2025Nov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateNov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Change in ManagementNov 03, 2025
Nov 03, 2025Announcement under Regulation 30 (LODR)-Resignation of Chairman and Managing DirectorNov 01, 2025
Nov 01, 2025Announcement under Regulation 30 (LODR)-Resignation of DirectorNov 01, 2025
Nov 01, 2025Announcement 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, 2025Mutual Fund Holdings
Kotak Large & Midcap Fund Direct-Growth 
Franklin India Small Cap Fund Direct-Growth 
ICICI Prudential Infrastructure Direct-Growth 
NJ Flexi Cap Fund Direct - Growth 
Bandhan Business Cycle Fund Direct-Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
Quantum Multi Asset Allocation Fund Direct - Growth 
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth 
DSP Nifty Smallcap250 Quality 50 Index Fund Direct - Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
SBI Nifty 500 Index Fund Direct-Growth 
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct-Growth 
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth 
Aditya Birla Sun Life BSE India Infrastructure Index Fund Direct-Growth 
Groww Nifty Smallcap 250 Index Fund Direct - Growth Technical Indicators
RSI(14)
Neutral 39.28
ATR(14)
Less Volatile 6.35
STOCH(9,6)
Neutral 36.56
STOCH RSI(14)
Neutral 44.32
MACD(12,26)
Bearish -0.39
ADX(14)
Weak Trend 14.16
UO(9)
Bearish 43.58
ROC(12)
Downtrend And Accelerating -2.83
WillR(14)
Oversold -83.33
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,
6 days)
Website
Chairperson NameM K Das
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