GSPL share price

Gujarat State Petronet Ltd's share price was ₹268.35 at the close on 11 May 2026. It has been falling for 34 weeks. That is 8.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹234 and ₹350, and at that close it sat 29% 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 State Petronet Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 9 weeks running.

Over the last 10 years the share price moved +105% while the NIFTY 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 13 March 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.

Three changes stood out: profit grew again in the December 2025 quarter, foreign funds (FIIs) raised their stake for 5 quarters in a row and operating margin up 3 points on a year earlier.

1. Profit grew again in the December 2025 quarter

   Profit was ₹379 crore, +13.1% on a year earlier (₹335 crore), after 5 quarters of decline.

2. Foreign funds (FIIs) raised their stake for 5 quarters in a row

   From 14.7% to 15.5% of the company by the March 2026 quarter.

3. Operating margin up 3 points on a year earlier

   16% in the December 2025 quarter, from 13%.

For October to December 2025 (the quarter ended 31 December 2025), GSPL reported revenue of ₹3,885 crore, down 10.9% from ₹4,360 crore a year earlier, and a profit of ₹379 crore, up 13.1% from ₹335 crore.

GSPL results: October to December 2025 against a year earlier

The next results, for January to March 2026, are due by 30 May 2026: listed companies must publish quarterly results within 60 days of the quarter's end (the January to March quarter comes with the full-year accounts).

From the company's reported quarterly results (quarter ended 31 December 2025). Revenue and profit in ₹ crore.

GSPL closed at ₹268.35 on 11 May 2026, down 16.5% from ₹321.50 a year earlier (9 May 2025) and up 0.2% over five years. Its highest weekly close since March 2016 was ₹446.40 on 6 September 2024.

GSPL share price: then and now

Weekly closing prices. Each change is the move from that price to the 11 May 2026 close. A day's intraday high or low can go beyond these weekly closes.

533 weekly closes from 4 March 2016 to 11 May 2026.

11 May 2026: GSPL closed at ₹268.35, down 7.1% on the week and up 11.2% on the month. Results for October to December 2025: Revenue down 10.9% and profit up 13.1% on a year earlier.

GSPL paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹5 a share, ex-date 10 September 2025.

GSPL 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 State Petronet Ltd paid out 25% of its profit as dividends in FY25, and it paid a dividend in each of its last 12 reported years.

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

GSPL is on 2 of our India lists: Small & mid cap stocks and Oil & gas stocks.

Gujarat State Petronet Ltd earned ₹379 Cr of net profit in the Dec 2025 quarter, +13.1% on the same quarter a year earlier. Full-year FY25 profit was ₹1,637 Cr. Over 10 years profit has grown 12.9% a year on average. That is 9.8% of the quarter's revenue. The same quarter a year earlier earned ₹335 Cr.

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

For the full year, FY25 profit was ₹1,637 Cr (−25.0% on the year before).

Why profit moved: revenue changed −10.9% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −13.4% and revenue −7.2%. Profit is growing slower than sales: rising costs are taking part of the growth.

Gujarat State Petronet Ltd reported ₹3,885 Cr of revenue in the Dec 2025 quarter, −10.9% on the same quarter a year earlier. Over 10 years it has grown 32.2% a year on average. The last full year, FY25, came in at ₹17,370 Cr. The last four reported quarters add to ₹16,291 Cr.

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

FY25 revenue was ₹17,370 Cr, +0.4% on the year before.

Recent pace: the last four quarters grew −7.2% on average, against 32.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −7.5%, against −2.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −18.6%, against −12.3% a year (rolling over).

Gujarat State Petronet Ltd's operating margin was 16.0% in the Dec 2025 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 15.0% and 88.0%. The latest quarter is within that range.

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 +3.1 percentage points on the year while gross margin changed +4.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 144% of Gujarat State Petronet Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in ₹2,741 Cr of operating cash against ₹1,637 Cr of profit. After ₹1,066 Cr of spending on assets, ₹1,675 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 144% of profit came in as cash: the cash cycle stayed about the same between FY20 and FY25, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Gujarat State Petronet Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 24 days in FY25, up from 20 days in FY20. It spent ₹3,619 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.

At FY25 sales of ₹17,370 Cr, each day of that cycle ties up about ₹47.6 Cr, so roughly ₹1,142 Cr is tied up in the business at any time.

Spending on assets: ₹3,619 Cr over the last 3 years, against ₹1,994 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 ₹1,121 Cr (FY25): 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 State Petronet Ltd's P/E is 14.4×, in the middle of its own history: higher than 63% of past readings. Its usual P/E (the middle reading) is 12.8×, 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.