GUJ IND POW Co. Ltd
NSE: GIPCL · Power Generation · sector
₹152.85NSE close 2026-10-26
Key numbers
Market cap₹2,372 cr
Price₹152.85
52w high / low₹212 / ₹120
P/E4.7xSector median 18.7x
P/B0.6xSector median 1.5x
Book value₹247.4
Dividend yield2.68%Sector median 1.39%
ROE13.7%Sector median 4.5%
ROCE7.4%Sector median 6.2%
OPM41.2%Sector median 33.3%
Debt / equity0.88xSector median 0.90x
EV/EBITDA8.2xSector median 9.8x
Interest cover3.4x
Current ratio0.89x
Sales growth 3y+3.2%Sector median +3.1%
Profit growth 3y+28.7%Sector median +19.3%
PEG0.17x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹263 cr vs borrowings ₹3,378 cr (FY26): borrowings are higher by ₹3,115 cr.
- Operating profit covered interest 3.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 37% of net profit in the last 12 months.
- Debtor days went from 76 (FY24) to 64 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹152.85 on 2026-10-26: -27.8% from the 52-week high, +27.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹255.57 · low ₹126.78
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 276 | 322 | 338 | 372 | 321 | 370 | 428 | 499 |
| EBITDA | 81 | 89 | 119 | 113 | 108 | 122 | 195 | 242 |
| OPM % | 29.5% | 27.8% | 35.3% | 30.3% | 33.5% | 33.1% | 45.5% | 48.4% |
| Other income | 17 | 15 | 15 | 19 | 21 | 13 | 42 | 112 |
| Net profit | 35 | 39 | 70 | 57 | 21 | -3 | 327 | 158 |
| EPS (₹) | 2.30 | 2.59 | 4.60 | 3.70 | 1.37 | -0.21 | 21.06 | 10.17 |
| Revenue YoY | +16.4% | +14.9% | +26.6% | +34.4% | ||||
| Profit YoY | -38.7% | -108.2% | +368.7% | +174.8% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,172 | 1,356 | 1,349 | 1,256 | 1,491 | 1,619 |
| EBITDA | 406 | 408 | 381 | 406 | 538 | 667 |
| Net profit | 171 | 189 | 199 | 211 | 402 | 503 |
| EPS (₹) | 11.33 | 12.48 | 13.12 | 13.97 | 25.93 | 32.39 |
| Revenue growth | +15.6% | -0.5% | -6.8% | +18.7% | +23.8% | |
| Profit growth | +10.1% | +5.2% | +6.5% | +90.3% | +150.0% | |
| Dividend / share (₹) | 2.70 | 2.50 | 3.75 | 3.95 | 4.09 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.2% | +2.2% | +23.8% |
| Net profit | +28.7% | +17.0% | +150.0% |
| EPS | +27.6% | +16.4% | – |
| Share price | – | -14.1% (2y) | -13.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,154 | 3,306 | 3,524 | 3,840 |
| Borrowings | – | 484 | 409 | 1,816 | 3,378 |
| Cash & equivalents | – | 456 | 610 | 469 | 263 |
| Total assets | – | 4,487 | 5,218 | 7,566 | 9,426 |
| Fixed assets | – | 2,801 | 2,667 | 2,527 | 5,728 |
| Capital work in progress | – | 75 | 437 | 3,266 | 2,066 |
| Investments | – | 106 | 124 | 106 | 96 |
| Receivables | – | 307 | 281 | 200 | 262 |
| Inventory | – | 259 | 224 | 231 | 208 |
| Payables | – | 90 | 87 | 86 | 57 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 362 | 410 | 562 | 1,127 | 649 |
| Cash from investing | -340 | -128 | -217 | -2,665 | -2,238 |
| Cash from financing | -25 | -110 | -190 | 1,397 | 1,381 |
| Capex | 341 | 127 | 463 | 2,706 | 2,319 |
| Free cash flow | 21 | 283 | 98 | -1,580 | -1,670 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.0% | 6.0% | 6.0% | 10.5% |
| ROCE % | – | 8.0% | 7.8% | 5.7% | 4.9% |
| Debtor days | – | 83 | 76 | 58 | 64 |
| Inventory days | – | 145 | 132 | 159 | 128 |
| Payable days | – | 50 | 51 | 59 | 35 |
| Cash conversion cycle (days) | – | 178 | 157 | 158 | 157 |
| Working capital days | – | 209 | 223 | 174 | -24 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.57% |
| FIIs | 2.73% |
| DIIs | 4.92% |
| of which Mutual funds | 4.42% |
| of which Insurance | 0.03% |
| Government | 1.44% |
| Public (non-institutions) | 34.34% |
| Quarter | Mar 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.57% | 56.57% | 56.57% | 56.57% | 56.57% | 56.57% | 56.57% | 56.57% |
| Promoter group | % |
|---|---|
| Gujarat Urja Vikas Nigam Limited | 24.73% |
| Gujarat Alkalies And Chemicals Limited | 16.15% |
| Gujarat State Fertilizers & Chemicals Limited | 15.68% |
| Liquidators Petrofills Cooperative Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Hdfc Trustee Company Ltd. A/C Hdfc Balanced Advantage Fund | 4.08% |
| Gujarat Power Corporation Limited | 3.21% |
| Gujarat Energy Limited | 2.38% |
| Gujarat State Electricity Corporation Limited | 1.42% |
90,459 shareholders. Pledged: 0.00% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| GIPCL | ₹2,372 cr | 4.7x | 0.6x | 13.7% | 7.4% | 41.2% | +3.2% | 2.68% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 4.10 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 4.09 Per Share |
| 2024-09-13 | Dividend | Dividend - Rs 3.95 Per Share |
| 2023-09-08 | Dividend | Dividend - Rs 3.75 Per Share |
| 2022-09-14 | Dividend | Dividend - Rs 2.50 Per Share |
| 2021-09-15 | Dividend | Dividend - Rs 2.70 Per Share |
| 2020-12-03 | Dividend | Dividend - Rs 2.90 Per Share |
| 2019-08-28 | Dividend | Dividend - Rs 2.90 Per Share |
| 2018-09-05 | Dividend | Dividend Rs 2.70 Per Share |
| 2017-08-09 | Dividend | Dividend - Rs 2.70 Per Share |
| 2016-08-18 | Dividend | Dividend - Rs 2.70/- Per Share |
| 2015-08-14 | Dividend | Annual General Meeting/Dividend Rs 2.50 Per Share |
| 2014-08-08 | Dividend | Annual General Meeting/Dividend Rs.2.50 Per Share |
| 2013-08-30 | Dividend | Annual General Meeting / Dividend - Rs 2.50/- Per Share |
| 2012-09-07 | Dividend | Annual General Meeting And Dividend Rs.2.50 Per Share |
| 2011-09-09 | Dividend | Dividend-Rs.2.50 Per Share |
| 2010-08-26 | Dividend | Annual General Meeting And Dividend Rs.2.50 Per Share |
| 2009-09-03 | Other | Agm/Div-Rs.2.20 Per Share |
| 2008-09-05 | Dividend | Agm/Dividend - 25% |
| 2007-09-14 | Dividend | Agm/Dividend-5% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | GIPCL |
| BSE code | 517300 |
| ISIN | INE162A01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.