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Gujarat Industries Power Co Ltd Fundamentals

Market Cap
₹ 2873.75 Cr
P/E Ratio (TTM)
14.56
P/B Ratio
0.90
Debt to Equity
0.16
ROE
6.09
EPS (TTM)
13.05
Dividend Yield
1.97 %
Book Value
211.17

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Gujarat Industries Power Co Ltd Financials

Gujarat Industries Power Co Ltd Financials

Gujarat Industries Power Co Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 55.43 % 55.43 % 55.69 % 55.69 %
Retail 20.76 % 21.53 % 20.52 % 18.74 %
Others 14.19 % 14.53 % 15.26 % 16.50 %
FII 4.97 % 3.86 % 3.88 % 4.42 %
Mutual Funds 4.65 % 4.65 % 4.65 % 4.65 %

Promoters

55.43%

Retail

20.76%

Others

14.19%

FII

4.97%

Mutual Funds

4.65%

Promoters

55.43%

Retail

21.53%

Others

14.53%

FII

3.86%

Mutual Funds

4.65%

Promoters

55.69%

Retail

20.52%

Others

15.26%

FII

3.88%

Mutual Funds

4.65%

Promoters

55.69%

Retail

18.74%

Others

16.50%

FII

4.42%

Mutual Funds

4.65%

Resistance and Support

₹191.08

PIVOT

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Resistance
First Resistance₹193.017
Second Resistance₹195.583
Third Resistance₹197.517
support-arrow
Support
First Support₹188.517
Second Support₹186.583
Third Support₹184.017

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day307,196101,92365.41
Week155,833273,441-27.03
1 Month155,833232,570-27.03
6 Months139,339,23456,062,51046.54

About Gujarat Industries Power Co Ltd

Gujarat Industries Power Company Ltd (GIPCL) is one of the 'Panchratnas' (five jewels), in the State of Gujarat. The Company is engaged in generation of power from gas, lignite, wind and solar in Gujarat.. Their power stations include Vadodara Station-I, which is a 145 mega watt combined cycle power plant (CCPP); Vadodara Station- II, which is a 165 mega watt CCPP, and Surat Lignite Power Plant (SLPP). The total present capacity of Vadodara and Mangrol plants is 810 MW. Gujarat Industries Power Company Ltd was incorporated on June 1, 1985 as a public limited company. The company was originally promoted by Gujarat Electricity Board (GEB), Gujarat State Fertilizer and Chemical Ltd (GSFC), Gujarat Narmada Valley Fertilizers Company Ltd (GNFC), Gujarat Alkalies and Chemical Ltd (GACL), Petrofils Co-operative Ltd (Petrofils) and Heavy Water Project (HWP) of the Atomic Energy Department of the Government of India, with the main objective of setting up a coal-based power station of 120 MW to cater to the captive needs of electrical energy of participating industries viz. GSFC, GNFC, GACL, Petrofils and HWP. In year 1991, the company set up their power plant having 3 gas turbines of 32 MW each and one steam turbine of 49 MW at Vadodara which resulted into an total installed capacity of 145 MW. In February 1991, they commissioned the Combined Cycle Operation of 145 MW Gas based Plant. In February 1992, they commissioned the combined cycle mode. In April 1992, they started commercial generation of power. In September 1993, the company signed a supplementary MoU with the participating units viz. GEB, GACL, GSFC, Petrofils and GAIL for revised allocation of power. In November 1997, the company expanded their capacity by commissioning another 160 MW Gas based Combined Cycle power plant (Station - II) in Vadodara, which included one gas turbine of 106 MW and one steam turbine of 54 MW and was capable of running multiple fuels viz. Gas & Naphtha. Also, they started commercial generation of Station II in Vadodara. In November 1999, the company commissioned the first unit of 2x125 MW Surat Lignite Power Plant at Surat. In January 2000, they commissioned the second unit of 2X125 MW Surat Lignite Power Plant at Surat. In February 2000, they started the commercial generation of Surat Lignite Power Plant. During the year 2004-05, the company has taken up 250 MW expansion project which increases the generating capacity of Surat Lignite Power Plant to 500 MW. During the year 2006-07, the company obtained ISO:9001:2000, ISO:14001:2004 and OHSAS ISO:18001:1999 certification for Quality Management System (QMS) and Environment and Occupational Health and Safety Management System (EOHSM) for their Power Stations at Vadodara and SLPP from M/s TUV India Ltd. During the year 2008-09, the company increased the total capacity of producing power from 557 MW to 560 MW. During the year 2009-10, the company got re- certification for Integrated Management System (IMS) covering ISO: 9001:2008, ISO: 14001:2004 and OHSAS 18001:2007 certification for Quality Management System (QMS), Environment Management System (EMS) and Occupational Health and Safety Assessment Series (OHSAS) for their Power Stations at Vadodara and SLPP from TUV India Ltd. In April 2010, the company commissioned the 2 x 125 MW SLPP Phase II expansion project. The company is in the process of setting up a 2 x 250 MW (+ 20%) thermal Power Project(SLPP Station II) based on Circulating Fluidised Bed Combustion (CFBC) technology including development of a captive lignite mine thus increasing the generating capacity of SLPP to 1000 MW Plus. The Government of Gujarat has consented to allot 500 MW Expansion Phase-3 also to Gujarat Industries Power Company Limited and the Site Selection, Environmental Clearance, and Engineering Activities by consultants for the same are in progress. During 2016-17, the Company commissioned the Govt. of Gujarat (GoG) sponsored, Grid connected two Distributed Solar Pilot plants of 1 MW each at Village Amrol in Central Gujarat during April, 2016 and at Village Vastan, Dist.: Surat in South Gujarat in May, 2016 respectively. The Company had issued two Letters of Intent (LoIs), both dated 01.09.2014 on Leitwind Shriram Manufacturing Ltd. (LSML), Chennai on EPC turnkey basis for setting up Wind Power Projects of 27 MW (18 x 1.5 MW) at Village Kotadapitha and 24 MW (16 x 1.5 MW) at Village Jambarwada, Taluka Babra, Dist.: Amreli, Gujarat respectively. Due to inordinate delay in Project execution by LSML, the Directors decided to terminate the LoI for 24 MW (16 x 1.5 MW) at the Jambarwada Site. Thereafter, the LoI for the 27 MW Wind Based Power Project at Village Kotadapitha was truncated to 15 MW and resultantly, the said 15 MW Project was commissioned in Nov' 2016. The 97.4 MW Wind Farms, at various locations in Gujarat, have been commissioned, in phased manner by March 2017. The 2 x 40 MW capacity of Solar Power Projects at Gujarat Solar Park, Charanka was commissioned in 2017. The Company installed and commissioned 112.4 MW capacity of Wind Power Projects at different sites across State of Gujarat in 2018. It commissioned Two Distributed Solarcum-Agriculture Power Projects of 1 MW each at Village Amrol, in Surat. During the year 2019-20, the Company commissioned 75 MW Solar Project at Gujarat Solar Park, Charanka (25 MW on 29.03.2019, 30 MW on 26.04.2019 and last phase - 20 MW on 04.06.2019). The 50 MW Solar Projects at Charanka location in the state of Gujarat was commissioned in Mar'20. The 100 MW Solar Power Plant at Raghanesda was commissioned on Aug' 10, 2021.

Managing Director

1985

Founded

Vasudeva Vatsala

NSE Symbol

GIPCL

Gujarat Industries Power Co Ltd Management

NameDesignation
A K RakeshChairman / Non Executive Direc
Jai Prakash ShivahareNon Executive Director / Nomin
Swaroop PNon Executive Director / Nomin
Manisha ChandraNon Executive Director / Nomin
N N MisraIndependent Non Exe. Director
Prabhat SinghIndependent Non Exe. Director
Nitin ShuklaIndependent Non Exe. Director
Ravindra DholakiaIndependent Non Exe. Director
Mamata BiswalIndependent Non Exe. Director
Vasudeva VatsalaExecutive Director & MD
Vishal GuptaAdditional Director

Events

Dividend Announcement for Gujarat Industries Power Co Ltd - May 29, 2023

On May 29, 2023, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 37.5%. This dividend percentage reflec...

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Gujarat Industries Power Co Ltd News

Gujarat Industries Power Co standalone net profit rises 1.64% in the March 2024 quarter
Sales decline 12.13% to Rs 372.69 crore
Board of Gujarat Industries Power Company recommends final dividend
Of Rs 3.95 per share
Gujarat Industries Power Company to table results
On 18 May 2024
Gujarat Industries Power Company to conduct board meeting
On 18 April 2024
Gujarat Industries Power Co standalone net profit rises 36.72% in the December 2023 quarter
Sales decline 6.09% to Rs 353.56 crore
Gujarat Industries Power Company to convene board meeting
On 7 February 2024
Gujarat Industries Power Co standalone net profit rises 6.42% in the September 2023 quarter
Sales rise 11.06% to Rs 280.18 crore
Gujarat Industries Power Company to table results
On 6 November 2023
Gujarat Inds gains on signing PPA with Gujarat Urja Vikas Nigam
Gujarat Industries Power Company advanced 1.57% to Rs 155.05 after the company announced the signing of power purchase agreement (PPA) with Gujarat Urja Vikas Nigam for procurement of 500MW Power under bilateral mode.
Gujarat Industries Power Co signs PPA with Gujarat Urja Vikas Nigam
For procurement of 500 MW renewable power

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Gujarat Industries Power Co Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Gujarat Industries Power Co Ltd shares in BlinkX

Gujarat Industries Power Co Ltd's P/E ratio is 14.56 times as of May 18, 2024 at 01:44 PM.

Gujarat Industries Power Co Ltd's most recent financial reports indicate a price-to-book ratio of 0.90, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Gujarat Industries Power Co Ltd's market is 2,874 Cr as on May 18, 2024 at 01:44 PM.

The current financial records of Gujarat Industries Power Co Ltd show a 6.09% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Gujarat Industries Power Co Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Gujarat Industries Power Co Ltd stands at 55.43%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 3.86% to 4.97%.