Gujarat Industries Power Company Limited

NSE: GIPCL · Unclassified

₹164.37-5.85%06 Nov 2026

Ask the data

Instant answers about Gujarat Industries Power Company Limited — computed from its filings, no language model

Market cap₹2,551 cr

Current price₹164.37

High / Low₹208 / ₹121

P/E4.9

P/B0.64

Book value₹256.2

ROE13.1%

ROCE7.2%

Debt / equity0.99

Dividend yield2.49%

EPS (TTM)₹33.55

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,364	1,407	1,379	1,335	1,172	1,356	1,349	1,256	1,491
EBITDA	493	548	505	446	406	408	381	406	538
Operating margin	36.1%	39.0%	36.6%	33.4%	34.6%	30.1%	28.3%	32.3%	36.1%
Interest	67	50	51	42	29	38	37	32	111
Depreciation	160	168	191	162	151	165	168	170	278
Profit before tax	317	228	305	272	247	253	253	273	245
Tax	73	52	57	89	76	65	54	62	-158
Net profit	244	0	248	183	171	189	199	211	402
EPS ₹	16.17	11.66	16.40	12.12	11.33	12.48	13.12	13.97	25.93
Operating cash flow	—	—	—	—	362	410	562	1,127	649
Capex	—	—	—	—	341	127	463	2,706	2,319
Dividend paid	—	—	—	—	41	38	57	60	63
Total assets	—	—	—	—	—	4,487	5,218	7,566	9,426
Equity	—	—	—	—	—	3,154	3,306	3,524	3,840

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	374	329	361	353	364	354	332	350	343	336	336	331	332	296	322	262	293	303	252	376	424	342	280	354	373	320	276	322	338	372	321	370	428	499	431
Operating profit	125	126	147	127	149	156	112	115	121	128	111	103	105	84	119	88	116	125	76	82	125	106	62	95	119	116	81	89	119	113	108	122	195	242	173
Operating margin	33.4%	38.2%	40.6%	36.0%	40.8%	44.2%	33.8%	32.9%	35.3%	38.0%	32.9%	31.1%	31.5%	28.4%	36.8%	33.4%	39.6%	41.3%	29.9%	21.9%	29.5%	31.0%	22.1%	26.7%	31.9%	36.3%	29.5%	27.8%	35.3%	30.3%	33.5%	33.1%	45.5%	48.4%	40.2%
Other income	28	3	5	4	105	13	8	9	12	7	7	8	8	4	5	5	7	6	14	19	9	18	26	16	17	21	17	15	15	19	21	13	42	112	22
Interest	20	13	12	13	12	13	13	13	12	12	10	10	10	7	7	7	7	9	9	10	10	9	10	9	9	9	8	8	7	7	18	36	49	51	51
Depreciation	42	42	42	42	42	46	48	48	49	49	49	25	38	33	37	41	40	41	41	42	41	42	42	42	42	42	43	43	42	46	64	78	90	91	92
Profit before tax	92	74	-121	76	199	111	59	63	73	74	58	76	64	48	79	44	76	81	39	49	84	73	36	59	85	86	48	53	86	79	46	21	98	211	52
Tax	23	16	-3	2	36	25	7	14	11	13	11	44	21	13	25	16	21	19	12	15	19	16	7	12	19	18	13	14	16	22	25	24	-229	53	13
Net profit	69	0	0	0	0	0	0	49	62	61	47	32	44	35	53	28	55	63	27	34	65	57	28	47	66	68	35	39	70	57	21	-3	327	158	39
EPS ₹	4.57	3.82	-7.82	4.90	10.77	5.64	3.42	3.24	4.09	4.02	3.10	2.11	2.88	2.34	3.53	1.85	3.61	4.16	1.76	2.25	4.30	3.79	1.87	3.08	4.38	4.48	2.30	2.59	4.60	3.70	1.37	-0.21	21.06	10.17	2.53
Revenue YoY	—	—	—	—	-2.7%	7.3%	-8.0%	-0.6%	-6.0%	-5.0%	1.2%	-5.6%	-3.0%	-11.9%	-4.2%	-20.9%	-12.0%	2.3%	-21.7%	43.8%	45.0%	13.1%	11.1%	-6.1%	-12.1%	-6.5%	-1.5%	-8.9%	-9.2%	16.1%	16.4%	14.9%	26.6%	34.4%	34.2%
Profit YoY	—	—	—	—	-100.0%	—	—	—	—	—	—	-34.8%	-29.7%	-41.9%	13.7%	-12.5%	25.6%	77.7%	-50.1%	22.1%	19.1%	-8.7%	6.4%	36.7%	1.6%	18.1%	22.5%	-15.9%	5.4%	-15.2%	-38.7%	-108.2%	368.7%	174.8%	84.2%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Gujarat Industries Power Company Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,302	1,416	1,377	1,215	1,352	1,311
Operating profit	437	545	473	425	390	430
Operating margin	33.5%	38.5%	34.3%	35.0%	28.8%	32.8%
Other income	3	14	31	43	35	71
Interest	119	105	88	78	62	73
Depreciation	171	161	158	123	113	127
Profit before tax	142	354	257	249	250	301
Tax	23	135	71	123	61	72
Net profit	118	219	186	126	188	229

Quarters

showing latest 8 of 38 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	193	243	262	291	324	253	205	238	253	214	308	343	304	391	266	351	362	372	331	313	325	349	390	347	334	286	248	335	305	343	368	354	315	305	336	323	324	343
Operating profit	53	66	55	56	39	62	45	60	64	44	82	130	95	94	118	136	130	139	139	108	97	115	152	129	103	85	109	109	88	83	110	113	94	95	129	131	120	118
Operating margin	27.7%	27.2%	21.1%	19.2%	12.0%	24.5%	22.2%	25.2%	25.4%	20.5%	26.6%	37.8%	31.3%	24.1%	44.4%	38.7%	36.1%	37.5%	42.1%	34.6%	30.0%	33.0%	39.0%	37.2%	30.8%	29.7%	43.8%	32.4%	29.0%	24.2%	29.8%	31.9%	29.8%	31.1%	38.2%	40.4%	36.9%	34.4%
Other income	7	6	4	4	1	1	1	0	0	1	0	0	0	0	3	2	5	2	5	7	6	9	9	9	17	8	9	7	8	6	15	4	21	5	41	1	2	19
Interest	10	9	8	7	7	5	4	3	4	12	27	32	29	30	28	26	29	25	25	23	22	22	21	21	24	21	13	17	15	15	14	17	15	15	26	15	16	17
Depreciation	22	22	22	22	22	22	22	22	21	27	39	41	42	42	46	41	41	40	39	39	40	40	39	39	28	28	28	28	29	28	28	29	30	32	36	38	38	42
Profit before tax	28	41	29	30	11	36	20	35	39	6	17	56	24	23	38	71	126	76	80	53	41	63	100	78	68	45	58	70	52	45	82	71	71	52	107	80	68	78
Tax	7	4	6	5	3	6	8	6	-3	-10	-8	13	-4	6	8	16	94	7	18	17	10	20	25	30	28	23	42	16	14	11	20	16	20	11	24	17	14	19
Net profit	21	37	22	25	9	29	12	29	42	16	24	43	28	17	31	55	32	70	62	36	31	43	76	49	40	21	16	54	38	34	61	55	51	41	82	63	53	59
EPS ₹	1.39	2.45	1.49	1.84	0.57	1.94	0.82	1.90	2.77	1.03	1.61	2.85	1.84	1.11	2.03	3.64	2.12	4.62	4.09	2.41	2.07	2.81	5.00	3.21	2.67	1.41	1.06	3.60	2.52	2.28	4.06	3.63	3.34	2.73	5.45	4.16	3.52	3.91
Revenue YoY	—	—	—	51.2%	33.3%	-3.6%	-29.7%	-26.4%	-0.1%	4.6%	29.2%	35.7%	41.9%	26.9%	—	2.5%	19.2%	-4.8%	24.6%	-10.9%	-10.3%	-6.1%	17.8%	10.8%	2.8%	-18.1%	-36.4%	-3.3%	-8.5%	20.0%	48.3%	5.5%	3.2%	-11.0%	-8.6%	-8.6%	2.7%	12.2%
Profit YoY	—	—	—	17.9%	-76.7%	30.7%	-49.8%	233.1%	42.3%	24.6%	-15.4%	2.8%	78.8%	-30.8%	—	28.0%	15.3%	315.0%	101.3%	-33.9%	-2.4%	-39.1%	22.4%	33.4%	29.4%	-49.8%	-78.9%	12.0%	-5.7%	61.4%	284.8%	1.1%	32.6%	19.9%	34.2%	14.5%	5.5%	43.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.6%	5.8%	6.0%	5.8%	5.8%	6.2%	6.0%	6.3%	6.4%	6.2%	6.0%	5.7%	5.3%	4.1%	10.5%	13.1%	13.1%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7.6%	7.8%	8.0%	7.8%	7.8%	8.0%	7.8%	8.1%	8.1%	8.0%	5.7%	5.5%	5.0%	4.9%	4.9%	7.4%	7.2%
Net margin	4.9%	0.0%	0.0%	0.0%	3.5%	8.0%	12.6%	16.0%	15.0%	13.7%	12.2%	12.8%	13.2%	14.6%	16.9%	15.5%	14.6%	13.9%	13.1%	13.0%	14.1%	14.7%	15.8%	16.3%	16.1%	16.8%	15.4%	13.9%	10.4%	27.0%	31.1%	30.1%
EBITDA margin	37.0%	39.0%	40.4%	38.8%	38.0%	36.6%	35.0%	34.8%	34.3%	33.4%	31.0%	32.0%	32.6%	34.6%	37.9%	36.4%	32.6%	30.1%	27.9%	26.4%	27.7%	28.3%	29.5%	31.1%	31.4%	32.3%	30.8%	31.7%	33.0%	36.1%	41.2%	42.4%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.17	0.17	0.15	0.15	0.13	0.13	0.12	0.12	0.14	0.14	0.52	0.52	0.73	0.73	0.88	0.88	0.99
Interest coverage	3.09	5.54	6.26	9.68	9.47	7.02	6.44	6.73	7.38	7.45	7.55	8.74	8.45	9.60	10.08	8.42	7.96	7.75	7.46	7.16	7.59	7.79	8.26	9.02	9.13	9.55	9.87	7.61	4.40	3.21	3.43	3.03
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.25	0.27	0.30	0.31	0.29	0.29	0.26	0.25	0.24	0.24	0.17	0.17	0.16	0.16	0.16	0.17	0.17

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	151	151	151	151	151	155	155	155	155
Other equity / reserves	2,940	3,003	3,043	3,154	3,215	3,369	3,381	3,685	3,821
Total equity	3,092	3,154	3,194	3,306	3,366	3,524	3,536	3,840	3,977
Borrowings	522	484	429	409	484	1,816	2,585	3,378	3,933
Current liabilities	309	284	290	337	255	358	215	913	849
Non-current liabilities	1,068	1,048	1,353	1,576	1,844	3,684	4,829	4,672	5,208
Total assets	4,469	4,487	4,837	5,218	5,465	7,566	8,580	9,426	10,034
Property, plant & equipment	2,860	2,801	2,722	2,667	2,585	2,527	4,163	5,728	5,679
Capital work-in-progress	80	75	168	437	636	3,266	2,336	2,066	2,516
Investments	143	106	120	124	145	106	103	96	101
Inventories	303	259	236	224	246	231	238	208	422
Receivables	180	307	195	281	214	200	228	262	254
Cash & equivalents	439	454	665	609	527	467	232	261	229

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	41	38	57	60	63

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹5,679 cr57%

CWIP

₹2,516 cr25%

Investments

₹101 cr1%

Inventories

₹422 cr4%

Receivables

₹254 cr3%

Cash & equivalents

₹229 cr2%

Other assets

₹833 cr8%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Gujarat Industries Power Company Limited	2,551	164.37	4.9	0.64	13.1%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-4.4%

6 months+3.6%

1 year-11.2%

3Y CAGR+2.7%

5Y CAGR+13.2%

10Y CAGR+5.1%

50-day avg₹180.13

200-day avg₹158.95

RSI (14)46

FAQs

What is the share price of Gujarat Industries Power Company Limited?

Gujarat Industries Power Company Limited (GIPCL) closed at ₹164.37 on NSE on 06 Nov 2026.

What is the market cap of Gujarat Industries Power Company Limited?

₹2,551 crore at the latest close.

What is the P/E ratio of Gujarat Industries Power Company Limited?

4.9, on trailing-twelve-month earnings from its filings.

How fast is Gujarat Industries Power Company Limited growing?

Gujarat Industries Power Company Limited: revenue has compounded at 3.2% a year over three years; net profit at 28.7% a year. Latest-quarter revenue is up 34.2% year on year, profit up 84.2%.

How profitable is Gujarat Industries Power Company Limited?

On a trailing-twelve-month basis return on equity is 13.1%, return on capital employed 7.2%, operating margin 42.4%, net margin 30.1%.

How much debt does Gujarat Industries Power Company Limited have?

Gujarat Industries Power Company Limited is moderately geared: debt to equity is 0.99 with borrowings of ₹3,933 cr against cash of ₹229 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.0 times.

Financials parsed from Gujarat Industries Power Company Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.