Gujarat Pipavav Port Ltd
NSE: GPPL · Port & Port services · sector
₹158.17NSE close 2026-10-26
Key numbers
Market cap₹7,647 cr
Price₹158.17
52w high / low₹200 / ₹142
P/E13.7xSector median 14.6x
P/B3.2xSector median 2.5x
Book value₹49.4
Dividend yield6.07%Sector median 0.38%
ROE23.6%Sector median 13.6%
ROCE30.8%Sector median 13.4%
OPM64.1%Sector median 33.7%
Debt / equity0.00xSector median 0.15x
EV/EBITDA8.8xSector median 13.9x
Interest cover128.9x
Current ratio2.54x
Sales growth 3y+8.1%Sector median +7.6%
Profit growth 3y+18.1%Sector median +5.4%
PEG0.76x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 6 companies in Port & Port services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹676 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 128.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 12% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹158.17 on 2026-10-26: -21.0% from the 52-week high, +11.7% 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 ₹220.06 · low ₹129.17
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 227 | 263 | 252 | 250 | 299 | 292 | 317 | 332 |
| EBITDA | 133 | 139 | 157 | 148 | 221 | 156 | 204 | 214 |
| OPM % | 58.4% | 52.8% | 62.3% | 59.1% | 73.8% | 53.2% | 64.4% | 64.5% |
| Other income | 21 | 19 | 19 | 20 | 20 | 15 | 16 | 15 |
| Net profit | 75 | 99 | 112 | 104 | 161 | 108 | 142 | 148 |
| EPS (₹) | 1.56 | 2.06 | 2.32 | 2.16 | 3.32 | 2.23 | 2.95 | 3.06 |
| Revenue YoY | +31.8% | +11.2% | +26.0% | +32.5% | ||||
| Profit YoY | +112.9% | +8.6% | +26.6% | +41.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 744 | 917 | 988 | 988 | 1,158 | 1,241 |
| EBITDA | 408 | 465 | 520 | 578 | 728 | 795 |
| Net profit | 197 | 313 | 342 | 397 | 515 | 559 |
| EPS (₹) | 4.08 | 6.48 | 7.07 | 8.21 | 10.66 | 11.56 |
| Revenue growth | +23.3% | +7.8% | -0.1% | +17.3% | +25.0% | |
| Profit growth | +58.7% | +9.2% | +16.1% | +29.8% | +42.7% | |
| Dividend / share (₹) | 4.00 | 5.10 | 7.00 | 7.70 | 9.60 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +8.1% | +9.6% | +25.0% |
| Net profit | +18.1% | +18.3% | +42.7% |
| EPS | +18.0% | +10.0% | – |
| Share price | – | -10.3% (2y) | +1.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,311 | 2,313 | 2,337 | 2,388 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 895 | 1,045 | 1,069 | 676 |
| Total assets | – | 2,869 | 2,936 | 2,935 | 3,024 |
| Fixed assets | – | 1,290 | 1,289 | 1,274 | 1,261 |
| Capital work in progress | – | 90 | 80 | 83 | 286 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 86 | 58 | 48 | 44 |
| Inventory | – | 8 | 9 | 10 | 12 |
| Payables | – | 66 | 60 | 47 | 57 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 399 | 370 | 485 | 429 | 489 |
| Cash from investing | -166 | -82 | -107 | -56 | -18 |
| Cash from financing | -220 | -273 | -370 | -401 | -495 |
| Capex | 51 | 58 | 72 | 95 | 290 |
| Free cash flow | 348 | 312 | 413 | 334 | 199 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.6% | 14.8% | 17.0% | 21.6% |
| ROCE % | – | 17.3% | 20.7% | 23.2% | 28.3% |
| Debtor days | – | 34 | 21 | 18 | 14 |
| Inventory days | – | 3 | 3 | 4 | 4 |
| Payable days | – | 26 | 22 | 17 | 18 |
| Cash conversion cycle (days) | – | 11 | 2 | 5 | 0 |
| Working capital days | – | 304 | 280 | 298 | 202 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.01% |
| FIIs | 23.23% |
| DIIs | 13.09% |
| of which Mutual funds | 12.51% |
| Government | 0.00% |
| Public (non-institutions) | 19.67% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% | 44.01% |
| Promoter group | % |
|---|---|
| APM Terminals Mauritius Limited | 44.01% |
| Public holders above 1% | % |
|---|---|
| HDFC Trustee Company Limited - HDFC Infrastructure | 7.30% |
| Government Pension Fund Global | 3.42% |
| ICICI Prudential Retirement Fund-pure Equity Plan | 2.67% |
| Tata Mutual Fund - Tata Small CAP Fund | 2.30% |
| Ishares Core Msci Emerging Markets ETF | 1.03% |
2,45,453 shareholders. Pledged: 0.00% of promoter shares.
Peers in Port & Port services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ADANIPORTS | ₹4,03,767 cr | 29.9x | 4.2x | 13.9% | 13.5% | 58.6% | +22.9% | 0.38% |
| JSWINFRA | ₹73,760 cr | 44.6x | 6.8x | 14.4% | 13.3% | 46.9% | – | 0.23% |
| GPPL | ₹7,647 cr | 13.7x | 3.2x | 23.6% | 30.8% | 64.1% | +8.1% | 6.07% |
| ATL | ₹627 cr | 15.5x | 1.8x | 13.4% | 30.5% | 20.4% | – | – |
| STARLOG | ₹53 cr | 4.5x | 0.8x | -18.9% | -16.6% | -75.4% | +7.2% | – |
| VMS | ₹26 cr | 9.9x | 0.3x | 1.5% | 4.6% | -0.3% | +3.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-02 | Dividend | Dividend - Rs 5 Per Share |
| 2025-11-12 | Dividend | Interim Dividend - Rs 5.40 Per Share |
| 2025-08-28 | Dividend | Dividend - Rs 4.20 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2024-08-14 | Dividend | Annual General Meeting/Dividend - Rs 3.70 Per Share |
| 2023-11-21 | Dividend | Interim Dividend - Rs 3.60 Per Share |
| 2023-07-26 | Dividend | Annual General Meeting/Dividend - Rs 3.40 Per Share |
| 2022-11-18 | Dividend | Interim Dividend - Rs 2.70 Per Share |
| 2022-07-26 | Dividend | Annual General Meeting/Dividend - Rs 2.40 Per Share |
| 2021-11-24 | Dividend | Interim Dividend - Rs 1.60 Per Share |
| 2021-08-05 | Dividend | Dividend - Rs 2.40 Per Share |
| 2020-11-24 | Dividend | Interim Dividend - Rs 2.1 Per Share |
| 2020-07-29 | Dividend | Dividend - Rs 3.50 Per Sh |
| 2019-11-06 | Dividend | Interim Dividend - Rs 2.10 Per Share |
| 2019-07-30 | Dividend | Annual General Meeting/ Dividend - Rs 1.80 Per Share |
| 2018-11-13 | Dividend | Interim Dividend Rs - Rs 1.70 Per Share |
| 2018-08-01 | Dividend | Annual General Meeting / Dividend- Rs 1.70 Per Share |
| 2017-11-13 | Dividend | Interim Dividend - Rs 1.70 Per Share |
| 2017-08-02 | Dividend | Annual General Meeting/Dividend - Rs 1.80 Per Share |
| 2016-11-16 | Dividend | Interim Dividend Rs 2/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Transport and Storage: Services incidental to land, water, and air transportation
| Sector | Services |
| Industry | Port & Port services |
| Sub-industry | Port & Port services |
| Symbol | GPPL |
| BSE code | 533248 |
| ISIN | INE517F01014 |
| Face value | ₹10.0 |
| Incorporated | 1992-08-05 |
| Website | www.pipavav.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.