Gujarat Industries Power Co share price today

Gujarat Industries Power Co Ltd's share price was ₹170.02 at the close on 4 November 2026. It has been rising for 12 weeks. That is 1.1% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Gujarat Industries Power Co Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹126 and ₹206, and at that close it sat 55% of the way up from that low.

Over the last 11 years the share price moved +119% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 15 quarters, revenue up on a year earlier for 5 quarters in a row and highest quarterly revenue in 15 quarters.

1. Best operating margin in 15 quarters

   Operating margin was 48% in the June 2026 quarter, against 30% a year earlier.

   Why: The margin rose because the Khavda solar plant earns a high fixed tariff under a long GUVNL contract, so more of its sales drop to operating profit.

   From the earnings call on 10 Jul 2026.

2. Revenue up on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹499 crore, +34.1% on a year earlier.

   Why: Revenue rose because the Khavda 600 MW solar plant was commissioned in December and was fully running in the June quarter, adding sales.

   From the earnings call on 10 Jul 2026.

3. Highest quarterly revenue in 15 quarters

   Revenue of ₹499 crore in the June 2026 quarter is the highest of the last 15 quarters.

Gujarat Industries Power Co paid ₹4.10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 2.41% at the ₹170.02 close on 4 November 2026. The last was a dividend of ₹4.10 a share, ex-date 11 September 2026.

Gujarat Industries Power Co dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Gujarat Industries Power Co Ltd paid out 16% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), Gujarat Industries Power Co reported revenue of ₹499 crore, up 34.1% from ₹372 crore a year earlier, and a profit of ₹158 crore, up 177.2% from ₹57.0 crore.

Gujarat Industries Power Co results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Gujarat Industries Power Co's management discussed these results on a call held on 10 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Gujarat Industries Power Co closed at ₹170.02 on 4 November 2026, down 2.9% from ₹175.15 a year earlier (7 November 2025) and up 91.5% over five years. Its highest weekly close since March 2016 was ₹256.76 on 21 June 2024.

Gujarat Industries Power Co share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Gujarat Industries Power Co closed at ₹170.02, up 6.3% on the week and down 2.8% on the month. 11 Sep 2026: ex-date for a dividend of ₹4.10 a share.

Earlier

• 10 Jul 2026: Gujarat Industries Power Co held its results call for April to June 2026. Management guided: Khavda 600 MW: ₹420 crore FY27 revenue (5-10% confidence band), ₹350-360 crores operating profit; represents full-year contribution versus partial FY26.
• Results for April to June 2026: Revenue up 34.1% and profit up 177.2% on a year earlier.

On the call for April to June 2026, held on 10 July 2026, Gujarat Industries Power Co's management guided: Khavda 600 MW: ₹420 crore FY27 revenue (5-10% confidence band), ₹350-360 crores operating profit; represents full-year contribution versus partial FY26.

“GUVNL has given in-principle approval for a 750 MW lignite-based power station under Section 62 on a cost-plus basis. We have floated the tender, which is being observed by BHEL and other parties. Once the tender is cleared and the order is placed (likely by end of this financial year or last quarter) the project will proceed over 3 to 4 years. …”KK Bhatt, Executive Director of Finance, on the call for April to June 2026

What management guided

• 500 MW solar phase: commissioning October to December 2026 post-monsoon (200 MW first tranche), subsequent 200 MW and 100 MW in following months; evacuation trigger.
• Park O&M and services revenue: 30-40 crores incremental FY27 from 500 MW project; 20-25 crores net annual FY27 onwards from multi-developer maintenance over 25-year concession.
• Solar division operating profit FY27: ₹600 crore versus FY26 ₹332 crore.
• Consolidated company operating profit FY27: ₹940-950 crores (600 MW full-year, 500 MW partial); caveat: full 950-1,000 crore run-rate realized FY28 when 500 MW contributes full year.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 10 July 2026.

When Gujarat Industries Power Co reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: 500 MW solar project commissioning execution on post-monsoon timeline: management guided October to December 2026 for 200 MW first tranche, but PGCIL evacuation facility is critical path; any slip beyond Q3 pushes capital spending into FY28 and delays full-year revenue ramp, materially changing FY28 operating profit profile and peak debt trajectory.

Gujarat Industries Power Co is on 2 of our India lists: Dividend stocks and Power & green energy stocks.

Gujarat Industries Power Co Ltd earned ₹158 Cr of net profit in the Jun 2026 quarter, +177.2% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹402 Cr. Over 10 years profit has grown 7.9% a year on average. That is 31.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹57.0 Cr. 1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹402 Cr (+90.5% on the year before).

Why profit moved: revenue changed +34.1% on a year earlier and the margin moved +18.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +99.2% and revenue +23.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Gujarat Industries Power Co Ltd reported ₹499 Cr of revenue in the Jun 2026 quarter, +34.1% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 1.0% a year on average. The last full year, FY26, came in at ₹1,491 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,618 Cr.

FY26 revenue was ₹1,491 Cr, +18.7% on the year before.

Recent pace: the last four quarters grew +23.0% on average, against 1.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.7%, against +10.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +150.2%, against +55.1% a year (accelerating).

Gujarat Industries Power Co Ltd's operating margin was 48.0% in the Jun 2026 quarter, 18.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 28.0% and 39.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +18.1 percentage points on the year while gross margin changed +16.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 224% of Gujarat Industries Power Co Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹649 Cr of operating cash against ₹402 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹2,266 Cr of spending on assets, free cash was −₹1,617 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 224% of profit came in as cash: the cash cycle got 17 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 9.2× depreciation over three years. The next section checks what that spending is building.

Gujarat Industries Power Co Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 64 days in FY26, down from 81 days in FY21. It spent ₹5,674 Cr on assets over the last 3 years. Customers take 64 days to pay, and stock sits for 128 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,491 Cr, each day of that cycle ties up about ₹4.1 Cr, so roughly ₹261 Cr is tied up in the business at any time.

FY26: customers took 64 days to pay and stock sat for 128 days, about 4.2 months of sales sitting as stock, for a full cycle of 64 days, shorter than FY21's 81.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 128 days. Customers pay about 64 days after that. Suppliers are paid at 35 days. Together that makes the 64-day cycle.

Spending on assets: ₹5,674 Cr over the last 3 years, against ₹616 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2,066 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Gujarat Industries Power Co Ltd's P/E is 5.3×, near the low end of its own history: it has been lower only 21% of the time. Its usual P/E (the middle reading) is 7.2×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.