# Gujarat Industries Power Co share price today (Gujarat Industries Power Co Ltd, NSE: GIPCL)

> Gujarat Industries Power Co share price today: ₹161.89 at the NSE close on 3 November 2026, down 11.5% in a year. Gujarat Industries Power Co (NSE: GIPCL) is worth ₹2,512 crore, trades at a P/E of 5.0 and has closed between ₹125.82 and ₹205.91 over the past 52 weeks. > Gujarat Industries Power Co Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 20% of past readings. GIPCL · Power - Generation/Distribution · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹161.89 (−11.5% in a year)
- P/E: 5.0× (lower than 80% of the last 11 years)
- Revenue (Jun 2026): ₹499 Cr (+34.1% on a year ago)
- Profit (Jun 2026): ₹158 Cr (+177.2% on a year ago)
- Operating margin: 48.0% (+18.0 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 3.3%, against a 12.0% cost of capital: −8.7 points

The main question: yearly earnings per share moved +90.4% while the share price moved −11.5%. ## What is the Gujarat Industries Power Co share price today? Gujarat Industries Power Co Ltd's share price was ₹161.89 at the close on 3 November 2026. It has been rising for 12 weeks. That is 3.7% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running. In the last 52 weeks it traded between ₹126 and ₹206, and at that close it sat 45% of the way up from that low. Over the last 11 years the share price moved +108% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. 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. ## What changed at Gujarat Industries Power Co this quarter? 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. ## What dividend does Gujarat Industries Power Co pay? Gujarat Industries Power Co paid ₹4.10 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 2.53% at the ₹161.89 close on 3 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 11 Sep 2026 | ₹4.10 | Dividend |
| 12 Sep 2025 | ₹4.09 | Dividend |
| 13 Sep 2024 | ₹3.95 | Dividend |
| 8 Sep 2023 | ₹3.75 | Dividend |
| 14 Sep 2022 | ₹2.50 | Dividend |
| 15 Sep 2021 | ₹2.70 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What are Gujarat Industries Power Co's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹499 crore | ₹372 crore | +34.1% |
| Profit | ₹158 crore | ₹57.0 crore | +177.2% |
| Earnings per share | ₹10.17 | ₹3.70 | +174.9% |
| Operating margin | 48.0% | 30.0% | +18.0 points |

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.)

## What is the Gujarat Industries Power Co share price history? Gujarat Industries Power Co closed at ₹161.89 on 3 November 2026, down 11.5% from ₹182.83 a year earlier (31 October 2025) and up 82.3% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹153.76 | +5.3% |
| 1 month ago · 1 Oct 2026 | ₹174.83 | −7.4% |
| 6 months ago · 30 Apr 2026 | ₹156.85 | +3.2% |
| 1 year ago · 31 Oct 2025 | ₹182.83 | −11.5% |
| 3 years ago · 3 Nov 2023 | ₹151.90 | +6.6% |
| 5 years ago · 4 Nov 2021 | ₹88.80 | +82.3% |
| 10 years ago · 4 Nov 2016 | ₹92.70 | +74.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹77.80 | +108.1% |
| Highest weekly close since March 2016 · 21 Jun 2024 | ₹256.76 | −36.9% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹50.30 | +221.8% |
| 52-week high (weekly close) · 28 Aug 2026 | ₹205.91 | −21.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹125.82 | +28.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Gujarat Industries Power Co? 3 Nov 2026: Gujarat Industries Power Co closed at ₹161.89, up 5.3% on the week and down 7.4% 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. ## What did Gujarat Industries Power Co management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/1942/Conference Call/CC-Jul26.pdf). (From the call for April to June 2026, 10 July 2026.)

## What to watch in Gujarat Industries Power Co's next results? 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. - What to check (from the call)
- 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. - Khavda CUF seasonal validation across monsoon cycle: currently 33% post-stabilization but Q2 monsoon impact will be first test of management 30%+ annual guidance and FY27 ₹420 crore revenue commitment; early monsoon data (June-July) signals whether annual yield assumption lasts or requires recalibration. - 750 MW thermal tender outcome and order placement deadline end-FY27: BHEL and competitors bidding process underway; order placement expected last quarter FY27 as phase-gate for capital spending draw-down; slip beyond goal signals project delays and questions 2031-2033 commissioning roadmap credibility. ## Which stock lists is Gujarat Industries Power Co on? Gujarat Industries Power Co is on 2 of our India lists: Dividend stocks and Power & green energy stocks. - [Dividend stocks Regular dividend yield (%): 2.53](https://www.sectoralpha.in/dividend-stocks-india)
- [Power & green energy stocks Group on the list: Power producers and distributors](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Gujarat Industries Power Co profitable? 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. 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. ## How much revenue does Gujarat Industries Power Co make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Gujarat Industries Power Co keep? 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. 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. ## Is Gujarat Industries Power Co's profit turning into cash? 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. 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. ## Where does Gujarat Industries Power Co's cash go? 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. 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. ## What is Gujarat Industries Power Co's P/E ratio, and how does it compare with its own history? Gujarat Industries Power Co Ltd's P/E is 5.0×, near the low end of its own history: it has been lower only 20% 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. Why the multiple is where it is: over the past year earnings per share moved +90.4% while the price moved −11.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +12.8% a year; about +26.0% a year came from earnings growth and about −13.2 percentage points from the multiple (the market paying less); over 10 years the price moved +5.7% a year; about +9.4% a year came from earnings growth and about −3.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Gujarat Industries Power Co business getting better or worse? Gujarat Industries Power Co Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 4.4% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Gujarat Industries Power Co earn on its capital? Gujarat Industries Power Co Ltd earned a ROCE of 5% in FY26. Its return on capital used (ROIC) is 8.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 27.0% net margin and 0.16× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 27.0% net margin × 0.16× asset turnover × 2.45× leverage (assets divided by equity) ≈ 10.6% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 3.3% − 12.0% = −8.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Gujarat Industries Power Co have too much debt? Gujarat Industries Power Co Ltd has total debt of ₹3,594 Cr against shareholder equity of ₹3,840 Cr as of Jun 2026, so its debt is 0.94× its equity. Year by year, that ratio went from 0.17 in FY22 to 0.94 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Gujarat Industries Power Co shareholding pattern? Foreign institutions cut their stake in Gujarat Industries Power Co Ltd by 1.8 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 2.7% of the company. Domestic institutions moved −1.3 points over the same period, to 4.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −1.8 points over 8 quarters, to 2.7%; Domestic institutions: −1.3 points over 8 quarters, to 4.9%; Promoters: +1.1 points over 8 quarters, to 56.6%. Why the owners changed: foreign institutions drove it (−1.8 points), together with domestic institutions (−1.3 points). They reduced their stake. ## How far is Gujarat Industries Power Co from balance-sheet trouble? For Gujarat Industries Power Co Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Gujarat Industries Power Co rank in its industry? 59.9 out of 100, rank 3 of 21 in Power - Generation/Distribution, with 81% of the evidence available. Gujarat Industries Power Co Ltd scores 59.9 out of 100 against the 21 companies it is compared with in Power - Generation/Distribution, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 28.6 + 8.1 + 11.2 + 12 = 59.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Gujarat Industries Power Co compared with? Gujarat Industries Power Co ranks 3 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 59.9 out of 100. 1. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ACMESOLAR · leader · Most evidence points up · 83% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 53.7% · Profit 57.5% · Operating margin change -1 points · 100% evidence Capital efficiency 15.6/25 · ROCE 8.9% · Operating margin 85% · 100% evidence Valuation 9.3/20 · P/E 38.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 48.7% · Lead over NIFTY 500 37.1% · 1 year 43.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.3 + 20 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ADANIPOWER · quiet · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 17.2% · Profit 58.7% · Operating margin change 4 points · 100% evidence Capital efficiency 17.9/25 · ROCE 17.2% · Operating margin 42% · 100% evidence Valuation 7.9/20 · P/E 20× · PEG 1.83 · 100% evidence Relative strength 13.4/20 · Lead over its industry 17.8% · Lead over NIFTY 500 8% · 1 year 19.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.1 + 17.9 + 7.9 + 13.4 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. Gujarat Industries Power Co Ltd this page GIPCL · breaking out · Evidence leans up · 81% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 23.7% · Profit 100% · Operating margin change 18 points · 88% evidence Capital efficiency 8.1/25 · ROCE 5.5% · Operating margin 48% · 100% evidence Valuation 11.2/20 · P/E 4.9× · PEG 2.55 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 6% · 1 year -12.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.6 + 8.1 + 11.2 + 12 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) JSWENERGY · quiet · Evidence leans up · 82% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 26.4% · Profit 24.4% · Operating margin change -1 points · 95% evidence Capital efficiency 13.6/25 · ROCE 8.2% · Operating margin 57% · 76% evidence Valuation 7.8/20 · P/E 38.9× · PEG n/a · 50% evidence Relative strength 14.3/20 · Lead over its industry 10.5% · Lead over NIFTY 500 1.6% · 1 year -5.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 13.6 + 7.8 + 14.3 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ADANIGREEN · turning · Evidence leans up · 75% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 21.2% · Profit -3.3% · Operating margin change 2 points · 95% evidence Capital efficiency 14.1/25 · ROCE 7.4% · Operating margin 89% · 76% evidence Valuation 8.7/20 · P/E 109× · PEG n/a · 15% evidence Relative strength 15.9/20 · Lead over its industry 25.5% · Lead over NIFTY 500 15.2% · 1 year 13.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.4 + 14.1 + 8.7 + 15.9 = 55.1 · What this means: Relative strength against the index is 15.2%, and revenue and profit growth are weak. 6. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) NTPC · quiet · Evidence leans up · 82% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 7.4% · Profit 24.8% · Operating margin change 0 points · 95% evidence Capital efficiency 14.1/25 · ROCE 8.9% · Operating margin 29% · 76% evidence Valuation 11.8/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 12.4/20 · Lead over its industry 2.7% · Lead over NIFTY 500 -5.5% · 1 year -6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 14.1 + 11.8 + 12.4 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) SJVN · quiet · Evidence leans up · 93% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 99% · Profit 77.6% · Operating margin change -12 points · 100% evidence Capital efficiency 11.5/25 · ROCE 5.7% · Operating margin 71% · 100% evidence Valuation 14.8/20 · P/E 21.2× · PEG 0.29 · 65% evidence Relative strength 3.3/20 · Lead over its industry -14% · Lead over NIFTY 500 -20.9% · 1 year -39.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25 + 11.5 + 14.8 + 3.3 = 54.6 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.4%. 8. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) NTPCGREEN · quiet · Evidence leans up · 83% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 49.3% · Profit 8.6% · Operating margin change 2 points · 100% evidence Capital efficiency 11.8/25 · ROCE 3.6% · Operating margin 88% · 100% evidence Valuation 8.8/20 · P/E 106× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.7% · Lead over NIFTY 500 -8.7% · 1 year -20.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.7 + 11.8 + 8.8 + 11 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [NHPC Ltd](https://www.sectoralpha.in/stocks/nhpc-ltd) NHPC · turning · Evidence leans up · 96% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 12% · Profit 24% · Operating margin change 6 points · 88% evidence Capital efficiency 9.1/25 · ROCE 5.8% · Operating margin 62% · 100% evidence Valuation 4.3/20 · P/E 20.6× · PEG 3.32 · 100% evidence Relative strength 17.7/20 · Lead over its industry 14.3% · Lead over NIFTY 500 5.4% · 1 year -8.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.8 + 9.1 + 4.3 + 17.7 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [KPI Green Energy Ltd](https://www.sectoralpha.in/stocks/kpi-green-energy-ltd) KPIGREEN · quiet · Evidence leans up · 78% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 40% · Profit 33.2% · Operating margin change 1 points · 83% evidence Capital efficiency 17.1/25 · ROCE 13.7% · Operating margin 35% · 76% evidence Valuation 13.4/20 · P/E 12× · PEG n/a · 50% evidence Relative strength 1.1/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -25.7% · 1 year -48.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.9 + 17.1 + 13.4 + 1.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Jaiprakash Power Ventures Ltd](https://www.sectoralpha.in/stocks/jaiprakash-power-ventures-ltd) JPPOWER · quiet · Evidence leans down · 78% evidence 48.6 out of 100 Growth Capital Valuation Relative
12. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) RTNPOWER · basing · Evidence leans down · 66% evidence 44.9 out of 100 Growth Capital Valuation Relative
13. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) CESC · quiet · Evidence leans down · 78% evidence 44.7 out of 100 Growth Capital Valuation Relative
14. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) GREENPOWER · basing · Evidence leans down · 71% evidence 44.5 out of 100 Growth Capital Valuation Relative
15. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) TATAPOWER · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
16. [NLC India Ltd](https://www.sectoralpha.in/stocks/nlc-india-ltd) NLCINDIA · quiet · Evidence leans down · 78% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) TORNTPOWER · quiet · Evidence leans down · 78% evidence 39.8 out of 100 Growth Capital Valuation Relative
18. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) DPSCLTD · quiet · Evidence leans down · 81% evidence 38.4 out of 100 Growth Capital Valuation Relative
19. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) RPOWER · basing · Most evidence points down · 64% evidence 28.8 out of 100 Growth Capital Valuation Relative
20. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) BFUTILITIE · quiet · Too little evidence to rank firmly · 53% evidence 27.2 out of 100 Growth Capital Valuation Relative
21. [Mac Charles (India) Ltd](https://www.sectoralpha.in/stocks/mac-charles-indialtd) Too little evidence to rank firmly · 32% evidence 52.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Power - Generation/Distribution](https://www.sectoralpha.in/sectors/power-generation-distribution), all 21 compared on one page. ## Which companies are close to Gujarat Industries Power Co in size? Gujarat Industries Power Co is the 17th largest of 21 Power - Generation/Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Reliance Power, KPI Green Energy and RattanIndia Power. Just below it: BF Utilities, Orient Green Power Company and Mac Charles (India). ### Power - Generation/Distribution companies close in size

1. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) ₹7,407 crore
2. [KPI Green Energy Ltd](https://www.sectoralpha.in/stocks/kpi-green-energy-ltd) ₹5,481 crore
3. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) ₹3,415 crore
4. Gujarat Industries Power Co Ltd ₹2,483 crore
5. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) ₹1,612 crore
6. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) ₹1,053 crore
7. [Mac Charles (India) Ltd](https://www.sectoralpha.in/stocks/mac-charles-indialtd) ₹938 crore

[All 21 Power - Generation/Distribution companies, largest first](https://www.sectoralpha.in/sectors/power-generation-distribution#all-companies)

### Companies close in size in other industries

1. [Ujaas Energy Ltd](https://www.sectoralpha.in/stocks/ujaas-energy-ltd) ₹2,485 crore · Capital Goods - Transformers
2. [United Foodbrands Ltd](https://www.sectoralpha.in/stocks/united-foodbrands-ltd) ₹2,484 crore · Quick Service Restaurant - QSR
3. Gujarat Industries Power Co Ltd ₹2,483 crore
4. [Synthiko Foils Ltd](https://www.sectoralpha.in/stocks/synthiko-foils-ltd) ₹2,483 crore · Aluminium
5. [H.G. Infra Engineering Ltd](https://www.sectoralpha.in/stocks/hg-infra-engineering-ltd) ₹2,474 crore · Infra - Construction & Contracting

## What else do people ask about Gujarat Industries Power Co? ### What is Gujarat Industries Power Co's share price today? Gujarat Industries Power Co Ltd's share price is ₹161.89, −11.5% over the past year. The whole company is worth ₹2,512 Cr on the market. In the last 52 weeks it traded between ₹126 to ₹206; today it is 45% of the way up from the low, 3.7% below its 200-day average (as of 3 November 2026). ### What were Gujarat Industries Power Co's latest quarterly results? Gujarat Industries Power Co Ltd reported revenue of ₹499 Cr and net profit of ₹158 Cr for the Jun 2026 quarter. Revenue rose 34.1% and profit rose 177.2% compared with a year earlier. Earnings per share were ₹10.17 (as of 3 November 2026). ### What is Gujarat Industries Power Co's market cap? Gujarat Industries Power Co Ltd's market capitalisation is ₹2,512 Cr at a share price of ₹161.89. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Gujarat Industries Power Co performing? Gujarat Industries Power Co Ltd's share price has been rising for 12 weeks. In its latest quarter, revenue rose 34.1% and profit rose 177.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Gujarat Industries Power Co's share price go up? This page does not forecast Gujarat Industries Power Co Ltd's share price. What it shows instead: the share price is ₹161.89, and it has been rising for 12 weeks. Its P/E of 5.0× is higher than 20% of its own last 11 years (as of 3 November 2026). ### Who owns Gujarat Industries Power Co? Promoters own 56.6% of Gujarat Industries Power Co Ltd, foreign institutions 2.7%, domestic institutions 4.9% and the public 34.3% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 1.8 percentage points over 8 quarters (as of 3 November 2026). ### Where is Gujarat Industries Power Co in its business cycle? Gujarat Industries Power Co Ltd's FY26 operating margin was 36.0%, against a 13-year range of 28.0% to 39.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 48.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Gujarat Industries Power Co story? The main question: yearly earnings per share moved +90.4% while the share price moved −11.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Gujarat Industries Power Co a stock worth studying right now? What the numbers show: Gujarat Industries Power Co Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 20% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Gujarat Industries Power Co share price forecast for 2026? What management itself guided: Khavda 600 MW: ₹420 crore FY27 revenue (5-10% confidence band), ₹350-360 crores operating profit; represents full-year contribution versus partial FY26. ## Lists

- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.