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Prices as of 8 Oct 2026 close · Not investment advice

Gujarat Industries Power Company Limited

NSE: GIPCLPower Generation

Share price

₹164.94

-4.03% close of 8 Oct 2026

Market cap ₹2,557 CrP/E 5.1

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 8 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

61

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,557 Cr

P/E ratio

5.1

P/B ratio

0.7

ROCE

5.5%

ROE

10.9%

Dividend yield

2.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹208.0452-week low ₹120.80

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 23.8% over the past year, and 2.3% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 37.8% to 40.1% over the last four years.

Whether it grew faster than its sector

It grew 2.3% a year against a sector median of 10.7% — 8.4 percentage points slower.

Room to re-rate, or risk of de-rating

At 5.1× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 40.8×, across 5 companies. It is against its own five-year median of 12.2×, the 0th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 29%.

Profit growthPrice per ₹1 profitPer 1% growth
Gujarat Industries Power Company Limited — this one29%/yr5.1×₹0.18
Adani Green Energy17%/yr105.0×₹6.2
JSW Energy19%/yr40.8×₹2.1
NTPC Green Energy Limited45%/yr126.0×₹2.8
NHPC Limited-1%/yr19.0×—
NLC India Limited2%/yr10.4×₹5.2

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Power Generation), it ranks 20 of 26 on returns, 18 of 25 on growth, 12 of 26 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 5.5% on capital, ahead of 23% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹2593 crore of cash from the business but spent ₹5421 crore on plant and equipment, ₹2828 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹529 crore to ₹3594 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 204 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating. Its cash comes back faster than it used to: it went from being waiting 79 days for its cash to paid 88 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

6 of 9 checks clear · 67%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 11 Aug 2026 · Standalone · Unaudited

Revenue

₹499 Cr

Net profit

₹158 Cr

Net margin

31.6%

EPS

₹10.17

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2,557 Cr
Prev close
₹164.94
52w High
₹212
52w Low
₹120
Enterprise value
₹5,893 Cr
Beta
1.6
Price CAGR 1y
-6.0%
Price CAGR 3y
4.0%
Price CAGR 5y
13.0%
Price CAGR 10y
7.0%

Ratios

Return on assets
4.3%
PEG ratio
0.2
P/E ratio
5.1
P/B ratio
0.7
EV / EBITDA
11.4
Industry P/E
20.4
ROCE
5.5%
ROCE 5y average
7.0%
ROE
10.9%
Debt / Equity
0.9
Interest coverage
3.2
Dividend yield
2.4%
ROE 3y average
8.0%
ROE last year
11.0%

Annual P&L

Annual revenue
₹1,491 Cr
Annual profit
₹402 Cr
Operating margin
36.0%
Net profit margin
27.0%
EBITDA margin
36.1%
Sales growth 3y
3.2%
Sales growth 5y
2.2%
Profit growth 3y
29.0%
Profit growth 5y
17.0%
EPS
₹25.9
Sales growth TTM
24.0%
Profit growth TTM
150.0%
Dividend payout
16.0%

Quarter P&L

Sales latest quarter
₹499 Cr
Profit latest quarter
₹158 Cr
YoY quarterly sales growth
34.4%
YoY quarterly profit growth
177.2%
OPM latest quarter
48.4%

Balance Sheet

Book Value
₹248
Face Value
₹10.0
Total debt
₹3,594 Cr
Total cash
₹263 Cr
Borrowings
₹3,594 Cr
Reserves / Equity
23.8

Cash Flow

Operating cash flow
₹649 Cr
Free cash flow
-₹1,667 Cr
FCF yield
-69.6%
Net cash flow
-₹208 Cr

Shareholding

Promoter holding
56.6%
FII holding
2.7%
DII holding
4.9%
Public holding
34.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
NTPC321.4511.23,12,1842.806,896.411.850,741.07.88.9
Adani Green1,313.00111.92,16,9840.00983.016.94,431.016.67.4
JSW Energy494.9045.491,0720.40532.7-36.65,207.11.28.2
NTPC Green Ene.90.13125.175,9300.00304.838.31,106.962.73.6
NHPC Ltd73.1119.473,6442.201,178.12.93,808.318.55.8
NLC India254.9011.035,3731.51436.3-39.34,716.823.38.4
ACME Solar Hold.448.2053.231,6750.04235.364.8857.567.88.9
Guj Inds. Power174.065.42,7022.36157.9174.8499.334.45.5
Median112.1221.58,2270.0059.817.9815.414.36.2

Competes with: Acme Solar Holdings Limited, Adani Green Energy, JSW Energy, NHPC Limited, NLC India Limited, NTPC Green Energy Limited, NTPC Limited, SJVN Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales342280354373320276322338372321370428499
Expenses236218259254204195233219259214248233258
Material Cost141183121167125164
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost322927315335
Other Expenses464766505558
Operating Profit10662951191168189119113108122195242
OPM %31222732362928353034334648
Other Income182616172117151519211342112
Exceptional items (within Other Income)000000
Interest910999887718364951
Depreciation42424242424343424664789091
Profit before tax733659858648538679462198211
Tax %21212122212727182854115-23425
Net Profit57284766683539705721-3327158
EPS in Rs3.791.873.084.384.482.302.594.493.701.37-0.212110
Diluted EPS in Rs4.603.701.37-0.212110

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2151,3521,3111,3541,4071,3791,3351,1721,3561,3491,2561,4911,619
Expenses793946878871859874911767948967850953952
Material Cost531596
Change in Inventories00
Purchases of Stock-in-Trade00
Employee Cost118140
Other Expenses201218
Operating Profit422407432483548505424406408381406538667
OPM %35303336393732353028323641
Other Income25366951-10142302148766995188
Exceptional items (within Other Income)00
Interest7876735750513129383732111155
Depreciation120118127160168191155151165168170277323
Profit before tax248250301317228305268247253253273245377
Tax %4925242323193331262123-64
Net Profit126188229244176248180171189199211402503
EPS in Rs8.35121516121612111213142632
Diluted EPS in Rs1426
Dividend Payout %302218172518232230303016

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
1%
5 years
2%
3 years
3%
TTM
24%

Compounded profit growth

10 years
8%
5 years
17%
3 years
29%
TTM
150%

Stock price CAGR

10 years
7%
5 years
13%
3 years
4%
1 year
-6%

Return on equity

10 years
8%
5 years
7%
3 years
8%
Last year
11%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151151151151151151151151151151155155
Reserves1,6851,8822,0852,3082,4192,5972,7042,8933,0033,1543,3693,685
Borrowings6064754176175734474805294936142,0283,594
Other Liabilities5596397617106887347948308391,2982,0151,992
Total Liabilities3,0023,1483,4143,7863,8313,9304,1294,4034,4875,2187,5679,426
Fixed Assets1,8901,8592,5222,6802,6322,8832,6283,0562,9512,9812,8306,018
CWIP41153246167529241754373,2662,066
Investments20725028132890608814810612410696
Other Assets8638855877729429821,1211,1581,3551,6781,3661,245
Total Assets3,0023,1483,4143,7863,8313,9304,1294,4034,4875,2187,5679,426

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity405232433337590445193362410562610649
Cash from Investing Activity-124-178-459-389-239-113-231-340-128-217-2,149-2,238
Cash from Financing Activity-230-228-161103-142-222-47-25-110-1901,3991,381
Net Cash Flow50-174-18751209109-85-2172155-140-208
Free Cash Flow30247-43-41337330-4729284100-1,574-1,667

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3972697056518110183765864
Cash Conversion Cycle3972697056518110183765864
Working Capital Days-408-23-12-83865798658-139-88
ROCE %141315131611988865

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters555555555557575757575757
FIIs3.864.974.674.494.784.214.043.692.632.742.882.73
DIIs5.975.915.866.276.045.685.605.164.965.074.994.93
Government7.647.647.647.647.647.457.457.457.457.451.441.44
Public272626262626262728283434
No. of Shareholders82,41299,34697,72996,40991,13393,48092,37493,70793,14191,26190,95590,459

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -9.2% (₹181.56 → ₹164.94)Brick size ₹6.72 (fixed)Bricks 28
₹125₹150₹175₹200₹165Nov '25Mar '26Jun '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹164.94 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Gujarat Industries Power Company Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • furnace oil
  • imported coal
  • lignite (self-mined from captive Mangrol-Valia and Vastan mines)
  • limestone (for fluidised-bed combustion desulphurisation)

Depends on the price of

  • Natural gas
  • coal
  • fuel

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Power
Industry
Power Generation
Classification
Power › Power Generation
ISIN
INE162A01010

Plants

  • Charanka Solar Power Plants · Charanka, Patan, Gujarat
  • Khavda Solar Power Project · Khavda, Kutch, Gujarat
  • Mangrol-Valia and Vastan Lignite/Limestone Mines · Mangrol/Valia, Gujarat
  • Raghanesda Solar Power Plant · Raghanesda, Banaskantha, Gujarat
  • Surat Lignite Power Plant Phase I · Nani Naroli, Mangrol, Surat, Gujarat
  • Surat Lignite Power Plant Phase II · Nani Naroli, Mangrol, Surat, Gujarat
  • Vadodara Combined Cycle Power Plants · Vadodara, Gujarat
  • Vastan Group Captive Solar Power Plant · Vastan, Mangrol, Surat, Gujarat
  • Wind Farms in Saurashtra and Kutch · Porbandar, Botad, Rajkot, Amreli and Kutch districts, Gujarat

News impact

Big market events that reach Gujarat Industries Power Company Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

11 Sep 2026unspecified₹4.1
12 Sep 2025unspecified₹4.09
13 Sep 2024unspecified₹3.95
8 Sep 2023unspecified₹3.75
14 Sep 2022unspecified₹2.5
15 Sep 2021unspecified₹2.7
3 Dec 2020unspecified₹2.9
28 Aug 2019unspecified₹2.9

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.