Gujarat Industries Power Co Ltd
GIPCLGujarat Industries Power Co Ltd is coiled. The quarters are improving, yet the P/E sits at the 29th percentile of its own 10-year range — the business is moving before the market.
The sharpest disagreement: annual EPS moved +90.4% against a −23.3% price move — the market has not yet caught up with the delivery.
The price is building a base (5 weeks in) while the P/E sits at the 29th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +367.1% year on year, and 288% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Gujarat Industries Power Co Ltd trades at ₹162, building a base and 5 weeks into that stage. That is +1.4% against its own 200-day average. It sits at 53% of a 52-week range of ₹126 to ₹194. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.
Today the stock is building a base — week 5 of stage 1, confirmed. At ₹162 it trades +1.4% versus its 200-day average and sits at 53% of its 52-week range (₹126–₹194).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +108% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 29th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Gujarat Industries Power Co Ltd trades at 6.1× P/E, near the bottom of its own range — cheaper only 29% of the time. Its long-run median P/E is 7.3×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 6.1× is near the bottom of its own range — cheaper only 29% of the time, against a long-run median of 7.3× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +90.4% against a −23.3% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +12.2%/yr price move, ~+16.8%/yr came from earnings growth and ~−4.6 pp from the multiple (compressing); over 10y, of the +6.0%/yr price move, ~+7.5%/yr came from earnings growth and ~−1.5 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Gujarat Industries Power Co Ltd reads as mixed on its fundamental arc. Mixed — the growth curves are steadily positive, but ROCE at 4.4% is below the 15% bar this page requires to call it Consistent. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +18.7% | +3.2% | +2.2% | +1.0% |
| Profit | +90.5% | +28.6% | +17.4% | +7.9% |
| EPS | +90.4% | +27.6% | +16.9% | +7.6% |
| Share price | −23.3% | +13.2% | +12.2% | +6.0% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
55.7/100 — rank 7 of 20 in Power - Generation/Distribution · 90% evidence confidence
Gujarat Industries Power Co Ltd scores 55.7 out of 100 against the 20 companies it is compared with in Power - Generation/Distribution, ranking 7. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 26.5 + 10.7 + 11.3 + 7.2 = 55.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Gujarat Industries Power Co Ltd reported ₹428 Cr of revenue in the Mar 26 quarter, +26.6% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 1.0% a year. The last full year, FY26, came in at ₹1,491 Cr. The last four reported quarters add to ₹1,491 Cr.
Gujarat Industries Power Co Ltd reported ₹428 Cr of revenue in the Mar 26 quarter, +26.6% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 1.0% a year. The last full year, FY26, came in at ₹1,491 Cr. The last four reported quarters add to ₹1,491 Cr.
FY26 revenue came in at ₹1,491 Cr (+18.7% on the year), capping 10 years at 1.0% compound. The latest quarter (Mar 26) printed ₹428 Cr, +26.6% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +18.5% growth against the decade's 1.0% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +18.7% over the last 4 quarters against +5.1%/yr over the last 8 — accelerating; TTM profit +89.6% vs +42.5%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 46.0% this quarter (+11.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Gujarat Industries Power Co Ltd's operating margin is 46.0% in the Mar 26 quarter, +11.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 28.0% to 39.0%. The current quarter is running above every full year in that window.
Gujarat Industries Power Co Ltd's operating margin is 46.0% in the Mar 26 quarter, +11.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 28.0% to 39.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 46.0%, +11.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 28.0%–39.0%.
Why the margin moved: operating margin went +10.3 pp year on year while gross margin went +12.9 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +367.1% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Gujarat Industries Power Co Ltd earned ₹327 Cr of net profit in the Mar 26 quarter, +367.1% year on year. Full-year FY26 profit was ₹402 Cr. The 10-year compound rate is 7.9%. That is 76.4% of the quarter's revenue. The same quarter a year earlier earned ₹70.0 Cr. 1 of the last 12 reported quarters were loss-making.
Gujarat Industries Power Co Ltd earned ₹327 Cr of net profit in the Mar 26 quarter, +367.1% year on year. Full-year FY26 profit was ₹402 Cr. The 10-year compound rate is 7.9%. That is 76.4% of the quarter's revenue. The same quarter a year earlier earned ₹70.0 Cr. 1 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹327 Cr, +367.1% year on year. On the full year, FY26 printed ₹402 Cr (+90.5%), and the 10-year compound rate is 7.9%.
Why profit moved: revenue contributed +26.6% and the margin +11.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +50.8% vs revenue +18.5%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 288% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 288% of Gujarat Industries Power Co Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹649 Cr of operating cash against ₹402 Cr of profit. After ₹2,266 Cr of capital spending, ₹−1,617 Cr was left as free cash.
FY26: operating cash of ₹649 Cr against reported profit of ₹402 Cr, leaving free cash of ₹−1,617 Cr after ₹2,266 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 288% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 288%: the cash cycle stretched 76 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 9.2× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹5,674 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Gujarat Industries Power Co Ltd's cash conversion cycle runs 157 days in FY26, up from 81 days in FY21. Capital spending ran ₹5,674 Cr over the last 3 years. At FY26 sales of ₹1,491 Cr each day of that cycle holds about ₹4.1 Cr, so roughly ₹641 Cr sits inside the business at any moment.
FY26: debtors at 64 days, inventory at 128 days — roughly 4.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 157 days, looser than FY21's 81.
The full loop: cash goes out to suppliers and production on day 0; stock waits 128 days to sell; customers pay about 64 days after that; and suppliers themselves are paid at 35 days — netting out to the 157-day cycle.
In money terms: at FY26 sales of ₹1,491 Cr, each day of the cycle holds about ₹4.1 Cr — so the 157-day loop keeps roughly ₹641 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹5,674 Cr over the last 3 fiscal years against ₹616 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹2,066 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 5% and the ROIC − WACC spread is −9.5 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Gujarat Industries Power Co Ltd earns a ROCE of 5% in FY26. Return on invested capital clears the cost of that capital by −9.5 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 27.0% net margin on 0.16× asset turns.
FY26 ROCE is 5%.
🚨 Why the return is what it is — the wiring (FY26): 27.0% net margin × 0.16× asset turns × 2.45× balance-sheet leverage ≈ 10.6% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 2.5% − 12.0% = a −9.5 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.94.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Gujarat Industries Power Co Ltd carries total debt of ₹3,594 Cr against shareholder equity of ₹3,840 Cr as of Mar 26, a debt-to-equity of 0.94. On the annual view that ratio went from 0.17 in FY22 to 0.94 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Mar 26: total debt of ₹3,594 Cr against shareholder equity of ₹3,840 Cr — a debt-to-equity of 0.94. On the annual view, debt-to-equity went from 0.17 (FY22) to 0.94 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 1.8 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 1.8 points of Gujarat Industries Power Co Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 2.9% of the company. Promoters moved +1.1 points over the same window, to 56.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −1.8 points over 8 quarters to 2.9%; Promoters: +1.1 points over 8 quarters to 56.6%; Domestic institutions: −0.9 points over 8 quarters to 5.0%.
🚨 Why the register moved: foreign institutions drove it (−1.8 points), absorbed on the other side by promoters (+1.1 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Gujarat Industries Power Co Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Gujarat Industries Power Co Ltd this page | 6.1× | ₹2,440 Cr | No read | |||
| Adani Power Ltd | 28.9× | ₹4.1L Cr | Improving | |||
| NTPC Ltd | 12.1× | ₹3.4L Cr | Mixed | |||
| Adani Green Energy Ltd | 119.0× | ₹2.3L Cr | Mixed | |||
| Tata Power Company Ltd | 31.1× | ₹1.2L Cr | Mixed | |||
| JSW Energy Ltd | 50.4× | ₹1L Cr | Mixed | |||
| NTPC Green Energy Ltd | 134.0× | ₹81,162 Cr | No read | |||
| NHPC Ltd | 21.2× | ₹79,748 Cr | Turning around | |||
| Torrent Power Ltd | 31.6× | ₹72,265 Cr | Mixed | |||
| NLC India Ltd | 11.5× | ₹40,601 Cr | Improving | |||
| SJVN Ltd | 41.4× | ₹26,558 Cr | Improving | |||
| CESC Ltd | 14.0× | ₹21,631 Cr | Mixed | |||
| Jaiprakash Power Ventures Ltd | 13.9× | ₹11,617 Cr | Turning around | |||
| Reliance Power Ltd | — | ₹9,951 Cr | No read | |||
| KPI Green Energy Ltd | 16.2× | ₹7,713 Cr | Mixed | |||
| RattanIndia Power Ltd | 41.6× | ₹4,634 Cr | No read | |||
| BF Utilities Ltd | 14.3× | ₹2,186 Cr | Consistent | |||
| Orient Green Power Company Ltd | 22.0× | ₹1,177 Cr | Mixed | |||
| Mac Charles (India) Ltd | — | ₹938 Cr | No read | |||
| India Power Corporation Ltd | 54.5× | ₹698 Cr | Mixed |
Frequently asked questions
What is Gujarat Industries Power Co Ltd's share price today?
Gujarat Industries Power Co Ltd trades at ₹162, −23.3% over the past year. The company is valued at ₹2,440 Cr. The stock sits at 53% of its 52-week range of ₹126–₹194, +1.4% versus its 200-day average. On the tape, the price is building a base, 5 weeks in. — as of 24 July 2026.
What were Gujarat Industries Power Co Ltd's latest quarterly results?
Gujarat Industries Power Co Ltd reported revenue of ₹428 Cr and net profit of ₹327 Cr for the Mar 26 quarter. Revenue rose 26.6% and profit rose 367.1% year on year. Earnings per share were ₹21.06. The operating margin was 46.0%, 11.0 pp higher than a year earlier. — as of 24 July 2026.
What is Gujarat Industries Power Co Ltd's revenue?
Gujarat Industries Power Co Ltd reported revenue of ₹428 Cr in the Mar 26 quarter, +26.6% year on year. For the full FY26 fiscal year, revenue was ₹1,491 Cr (+18.7%). Over the last 10 years revenue compounded at 1.0% a year. — as of 24 July 2026.
What is Gujarat Industries Power Co Ltd's profit?
Gujarat Industries Power Co Ltd earned ₹327 Cr of net profit in the Mar 26 quarter, +367.1% year on year. Full-year FY26 profit was ₹402 Cr. The operating margin ran 46.0% in the latest quarter. — as of 24 July 2026.
What is Gujarat Industries Power Co Ltd's market cap?
Gujarat Industries Power Co Ltd's market capitalisation is ₹2,440 Cr at a share price of ₹162. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Gujarat Industries Power Co Ltd's P/E ratio?
Gujarat Industries Power Co Ltd trades at a P/E of 6.1×, at the 29th percentile of its own 10-year range, against a long-run median of 7.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Gujarat Industries Power Co Ltd pay a dividend?
Yes — Gujarat Industries Power Co Ltd's dividend payout was 15% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Gujarat Industries Power Co Ltd overvalued?
On its own history, Gujarat Industries Power Co Ltd looks cheap against its own history: its P/E of 6.1× has been cheaper only 29% of the time in 10 years (long-run median 7.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Gujarat Industries Power Co Ltd growing?
Yes — Gujarat Industries Power Co Ltd is growing: latest-quarter revenue +26.6% year on year, profit +367.1%, and the margin +11.0 pp at 46.0%. The 10-year compound rates are 1.0% (revenue) and 7.9% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Gujarat Industries Power Co Ltd performing?
Gujarat Industries Power Co Ltd is building a base, 5 weeks in. Its latest quarter's revenue rose 26.6% and profit rose 367.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Gujarat Industries Power Co Ltd in?
Mixed — the growth curves are steadily positive, but ROCE at 4.4% is below the 15% bar this page requires to call it Consistent. The read comes from the last 12 quarters of growth (revenue growth +18.7% latest, profit growth +89.6% latest, eps growth +87.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Gujarat Industries Power Co Ltd in an uptrend?
No — the price is building a base (week 5 of stage 1), trading +1.4% versus its 200-day average and at 53% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Gujarat Industries Power Co Ltd beating the market?
On recent form, yes — Gujarat Industries Power Co Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +108% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Gujarat Industries Power Co Ltd's share price go up?
This page publishes no price forecast for Gujarat Industries Power Co Ltd. What it measures instead: the share price is ₹162, the price is building a base 5 weeks in. Its P/E of 6.1× sits at the 29th percentile of its own 10-year range. — as of 24 July 2026.
Who owns Gujarat Industries Power Co Ltd?
Promoters hold 56.6% of Gujarat Industries Power Co Ltd, foreign institutions 2.9%, domestic institutions 5.0% and the public 34.1% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 1.8 points over 8 quarters. — as of 24 July 2026.
Does Gujarat Industries Power Co Ltd have too much debt?
It is moderate — Gujarat Industries Power Co Ltd's debt-to-equity is 0.94, and operating profit covers the interest bill 5×. FY26 borrowings were ₹3,594 Cr against equity of ₹3,840 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Gujarat Industries Power Co Ltd's capex?
Gujarat Industries Power Co Ltd spent ₹5,674 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹2,266 Cr, with ₹2,066 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Gujarat Industries Power Co Ltd's cash flow?
Gujarat Industries Power Co Ltd generated ₹649 Cr of operating cash flow in FY26 and ₹−1,617 Cr of free cash flow after ₹2,266 Cr of capital spending. Reported profit that year was ₹402 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Gujarat Industries Power Co Ltd's profit real cash?
Yes — over the last 3 fiscal years, 288% of Gujarat Industries Power Co Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹649 Cr against reported profit of ₹402 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Gujarat Industries Power Co Ltd in its business cycle?
Gujarat Industries Power Co Ltd's FY26 operating margin was 36.0%, against a 13-year band of 28.0%–39.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 46.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Gujarat Industries Power Co Ltd story?
The sharpest disagreement: annual EPS moved +90.4% against a −23.3% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Gujarat Industries Power Co Ltd a stock worth studying right now?
This is not investment advice. The machine read: Gujarat Industries Power Co Ltd is coiled. The quarters are improving, yet the P/E sits at the 29th percentile of its own 10-year range — the business is moving before the market. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.