Arthneeti

Gujarat State Petronet Q3 FY26 Share Price & Earnings Call Analysis

₹268.00-7.13% today
Market cap
₹15,141 Cr
P/E
14.39
ROE
9.89%
PEG
-1.17
Price to sales
0.93
Debt to equity
0.01
52W high / low
₹323 / ₹226
Sales growth (5Y)
7.25%
EBITDA margin
15.38%
Net profit margin
9.43%
Promoter holding
37.63%
Sales (last year)
₹16,290 Cr

Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013. Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Gas
on management's own guidance

  1. GAIL (India)Moderate growth
    2
  2. Aegis LogisticsGood growth
    1
  3. Petronet LNGModerate growth
    3
See all potential multibaggersWhere does Gujarat State Petronet rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Gas companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Aegis Logistics20–40%Flat₹38,495 Cr28.9
2GAIL (India)10–20%Flat₹1.10L Cr8.7
3Petronet LNG10–20%Flat₹43,425 Cr10.3
410–20%Flat₹19,492 Cr10.0
510–20%Flat₹19,428 Cr14.3
610–20%Flat₹1,980 Cr14.7

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Financials of Gujarat State Petronet

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Gujarat State Petronet

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +3,9984,2704,1084,2654,3894,5324,7273,9924,3604,2914,1074,0083,885
Expenses +3,1493,4333,3943,3513,6083,5703,9053,3043,8083,7233,3893,3993,273
Operating Profit849837715914781962822688553567718609612
OPM %21%20%17%21%18%21%17%17%13%13%17%15%16%
Other Income +424540555611469769610910111496
Interest15681488881011889
Depreciation158157161165168169171179179179184188189
Profit before tax718719586789661899712577460486626527510
Tax %26%24%26%25%25%26%26%27%27%27%26%26%26%
Net Profit +530543434590496663527423335352465389379
EPS in Rs6.376.615.948.067.008.426.654.994.153.905.584.624.55

Financials of Gujarat State Petronet

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +1,0511,0659925,9017,2619,34512,24411,53517,99118,11717,29517,37016,290
Expenses +1221361264,2605,2176,8059,0277,96114,49114,43713,88714,72013,784
Operating Profit9299288661,6422,0442,5403,2173,5743,5003,6803,4072,6502,506
OPM %88%87%87%28%28%27%26%31%19%20%20%15%15%
Other Income +574294118122135108130148136248350419
Interest1421188027824242736922711270565737
Depreciation184189183436447468518542579621664709740
Profit before tax6606646971,0461,4771,7802,4382,9362,9573,1252,9352,2342,149
Tax %36%38%33%31%35%33%7%25%25%25%26%27%
Net Profit +4174884657189581,1902,2792,1922,2312,3422,1841,6371,585
EPS in Rs7.398.648.269.8413.1517.7130.6528.4829.0429.0929.4119.6918.65
Dividend Payout %14%14%18%15%13%11%7%7%7%17%17%25%

Financials of Gujarat State Petronet

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital563563563564564564564564564564564564564
Reserves2,8233,2173,4233,9621,8652,7314,3205,8277,3558,88510,26111,08211,377
Borrowings +1,4291,1571,0672,9895,3864,5793,6292,003713149140138140
Other Liabilities +8119317854,2934,1484,5874,8375,7756,6627,7188,0919,0239,843
Total Liabilities5,6255,8685,83811,80811,96312,46113,35014,16915,29417,31619,05620,80721,923
Fixed Assets +3,2053,1693,1238,0698,2088,8979,2569,4979,94610,48110,77911,69511,636
CWIP8049497681,1921,3749088079531,2451,4091,6801,1211,134
Investments5436337234695906961,0231,4571,6701,6211,8891,7921,772
Other Assets +1,0731,1171,2242,0791,7901,9602,2642,2622,4333,8054,7086,1987,381
Total Assets5,6255,8685,83811,80811,96312,46113,35014,16915,29417,31619,05620,80721,923

Financials of Gujarat State Petronet

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +6446266031,6441,6692,0442,7712,8972,7483,3402,8032,741
Cash from Investing Activity +-708-201-321-835-3,593-612-806-1,080-1,359-1,815-2,142-2,754
Cash from Financing Activity +-338-438-297-8792,013-1,382-1,494-2,096-1,659-805-547-544
Net Cash Flow-402-13-15-708950471-279-271720114-556
Free Cash Flow2823264261,0599241,2902,0682,0411,4562,0621,5501,765
CFO/OP92%91%93%117%102%95%104%101%100%111%102%123%

Financials of Gujarat State Petronet

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days865256282527203021232424
Inventory Days
Days Payable
Cash Conversion Cycle865256282527203021232424
Working Capital Days-91-84-57-61-113-75-61-55-23-25-9-5
ROCE %17%16%15%19%20%25%30%31%28%27%21%15%

Continue your research

What Gujarat State Petronet's management said in earlier quarters

Others in Gas this season

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  • Petronet LNG (Q2 FY27)

    7,202.22 crore (Consolidated), Rs. Key results statement takeaways from Petronet LNG Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

  • Indraprastha Gas Ltd (Q2 FY27)

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  • GAIL (India) (Q2 FY27)

    88,521 crore . Key investor presentation takeaways from GAIL (India) Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.

Compare:vs GAIL (India)vs Petronet LNGvs Aegis Logistics