Gujarat Pipavav Port share price today

Gujarat Pipavav Port Ltd's share price was ₹164.98 at the close on 4 November 2026. It has been rising for 4 weeks. That is 2.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹146 and ₹194, and at that close it sat 40% of the way up from that low.

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 Pipavav Port Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row.

Over the last 11 years the share price moved +4% 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: revenue up on a year earlier for 6 quarters in a row, profit up on a year earlier for 4 quarters in a row and highest quarterly revenue in 15 quarters.

1. Revenue up on a year earlier for 6 quarters in a row

   In the June 2026 quarter revenue was ₹332 crore, +32.8% on a year earlier.

   Why: Revenue rose partly because one time items lifted reported sales, including government duty credits, money released from earlier provisions, and ad hoc transshipment and storage revenue.

   Next results: check whether revenue growth holds without ad hoc transshipment and storage revenue.

   From the earnings call on 13 Aug 2026.

2. Profit up on a year earlier for 4 quarters in a row

   In the June 2026 quarter profit was ₹148 crore, +42.3% on a year earlier.

   Why: Profit rose partly because one time items lifted reported profit, including government duty credits and money released from earlier provisions.

   Next results: check whether profit growth holds without ad hoc transshipment and storage revenue.

   From the earnings call on 13 Aug 2026.

3. Highest quarterly revenue in 15 quarters

   Revenue of ₹332 crore in the June 2026 quarter is the highest of the last 15 quarters.

Gujarat Pipavav Port paid ₹10.40 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 6.30% at the ₹164.98 close on 4 November 2026. The last was a dividend of ₹5 a share, ex-date 2 September 2026.

Gujarat Pipavav Port 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.

Yes. Gujarat Pipavav Port Ltd paid out 98% of its profit as dividends in FY26, and it paid a dividend in each of its last 11 reported years.

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

For April to June 2026 (the quarter ended 30 June 2026), Gujarat Pipavav Port reported revenue of ₹332 crore, up 32.8% from ₹250 crore a year earlier, and a profit of ₹148 crore, up 42.3% from ₹104 crore.

Gujarat Pipavav Port 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 Pipavav Port's management discussed these results on a call held on 13 August 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 Pipavav Port closed at ₹164.98 on 4 November 2026, down 8.1% from ₹179.60 a year earlier (7 November 2025) and up 43.8% over five years. Its highest weekly close since March 2016 was ₹232.55 on 23 August 2024.

Gujarat Pipavav Port 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 Pipavav Port closed at ₹164.98, up 3.7% on the week and down 0.5% on the month. 2 Sep 2026: ex-date for a dividend of ₹5 a share.

Earlier

• 13 Aug 2026: Gujarat Pipavav Port held its results call for April to June 2026. Management guided: FY27 EBIT growth of 20-24% on a year earlier.
• Results for April to June 2026: Revenue up 32.8% and profit up 42.3% on a year earlier.
• 12 Nov 2025: ex-date for an interim dividend of ₹5.40 a share.

On the call for April to June 2026, held on 13 August 2026, Gujarat Pipavav Port's management guided: FY27 EBIT growth of 20-24% on a year earlier.

“We are now assuming that it will remain suspended for the full financial year, or the remainder of the year. That represents a substantial volume of 70,000-80,000 TEUs that we will lose this year because of Shaheen.”Girish Aggarwal, Managing Director, on the call for April to June 2026

What management guided

• FY27 container volume approximately 700,000 TEUs, up 4-5%.
• FY27 RoRo volume 260,000-270,000 cars.
• FY27 liquid volume 1.3-1.4 million metric tons; overall decline framed at 15-20%, with LPG catch-up expected from US channels.
• FY27 dry bulk volume 2.4-2.6 million metric tons.

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, 13 August 2026.

The changes showing up in Gujarat Pipavav Port's own numbers are costs spread over more sales. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026.

A concession renewal that raises the royalty or forces a dividend cut large enough to lower steady-state profit by more than 15%, or two consecutive quarters of underlying profit growth below 10% once scrips are removed.

Each change stops working if

• Car-export volume ramp: Indian car exports slow and quarterly car volume growth falls below 15% year on year.
• Tariff rise and dollar billing: The rupee strengthens sharply or container realisation falls back below 9,000 rupees per unit.
• Liquid jetty capacity (deferred): The jetty misses March 2027, or LPG and ammonia volumes have not recovered to pre-conflict levels by then.
• New container services offsetting lost ones: FI2 call frequency does not build, or a second Gulf service is suspended.

The main risks

• Concession renewal terms: The concession ends in September 2028 and the renewal, its royalty and the 17,000 crore plan are all undecided. ✓ fact
• One-off income in reported profit: Export scrips and other one-offs inflated the March 2026 and June 2026 margins and the September 2025 profit. ⚠ estimate
• Middle East conflict: Liquids fell 47% and LPG 63% in June 2026, and the Shaheen service is assumed lost for the whole year. ✓ fact
• Project dates keep slipping: The liquid jetty moved three times and the LPG pipeline once, none with a reason given. ✓ fact

Our read after the April to June 2026 results, written 10 October 2026.

When Gujarat Pipavav Port reports July to September 2026, these are the 5 checks that show whether the story is still on course. First: September 2026 quarter operating profit, after removing any scrip or provision-reversal income the call names, stays above ₹178 crore (the Sep 2025 figure) while RoRo volume keeps growing.

Gujarat Pipavav Port is on 4 of our India lists: Multibagger study list, Undervalued stocks, Breakout stocks and Dividend stocks.

Gujarat Pipavav Port Ltd earned ₹148 Cr of net profit in the Jun 2026 quarter, +42.3% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹515 Cr. Over 10 years profit has grown 8.5% a year on average. That is 44.6% 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 ₹104 Cr.

For the full year, FY26 profit was ₹515 Cr (+29.7% on the year before).

Why profit moved: revenue changed +32.8% on a year earlier and the margin moved +5.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +48.2% and revenue +25.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Gujarat Pipavav Port Ltd reported ₹332 Cr of revenue in the Jun 2026 quarter, +32.8% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 5.8% a year on average. The last full year, FY26, came in at ₹1,158 Cr.

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

The last four reported quarters add to ₹1,240 Cr.

FY26 revenue was ₹1,158 Cr, +17.4% on the year before.

Recent pace: the last four quarters grew +25.3% on average, against 5.8% 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 +25.0%, against +10.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +43.3%, against +20.7% a year (accelerating).

Gujarat Pipavav Port Ltd's operating margin was 64.0% in the Jun 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Across 11 years it has been between 55.0% and 62.0%. 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 this happened. Realisation per container moved from 9,000-9,500 rupees in May to 9,500-10,000 in August. About 60-65% of revenue is billed in dollars, so a weaker rupee lifts revenue with no extra cost. Who keeps it: the port, since realisations carry no take-or-pay and only minimal storage income. Competitors can respond: Mundra has a deeper draft on containers, which caps how far Pipavav can push container pricing. This is a price lever, already largely in the June print; the remaining runway is the next tariff round.

Why the margin moved: operating margin changed +5.6 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 115% of Gujarat Pipavav Port Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹510 Cr of operating cash against ₹515 Cr of profit. After ₹295 Cr of spending on assets, ₹215 Cr was left over as free cash.

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.

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

Why 115% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Gujarat Pipavav Port Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 14 days in FY26, down from 24 days in FY21. It spent ₹482 Cr on assets over the last 3 years.

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.

Why this happened. India's car exports through Pipavav are the fastest-growing line: up 39% in the March quarter and 53% in June, with FY27 guided at 260,000-270,000 cars. Who keeps the benefit: the port, because waterfront and land are already in place, so extra cars drop largely to profit, the operating-leverage catapult in its plain form. NYK's planned on-port pre-delivery facility aims at half a million cars a year. Already delivered: the March and June quarter jumps; remaining: the step from about 250,000 to 300,000 cars, then the NYK leg. Management will not guide beyond one year because the concession is unresolved, and per-car pricing is not disclosed.

At FY26 sales of ₹1,158 Cr, each day of that cycle ties up about ₹3.2 Cr, so roughly ₹44.0 Cr is tied up in the business at any time.

Spending on assets: ₹482 Cr over the last 3 years, against ₹359 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹286 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Gujarat Pipavav Port Ltd's P/E is 14.6×, near the low end of its own history: it has been lower only 10% of the time. Its usual P/E (the middle reading) is 19.8×, over 10 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.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹11.55.