# GSPL share price (Gujarat State Petronet Ltd, NSE: GSPL)

> GSPL share price: ₹268.35 at the NSE close on 11 May 2026, the latest close in our records; down 16.5% in the year to that date. Gujarat State Petronet (NSE: GSPL) is worth ₹15,141 crore, trades at a P/E of 14.4 and has closed between ₹234.45 and ₹350.40 over the past 52 weeks. > Gujarat State Petronet Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. GSPL · Gas Distribution · data as of 11 May 2026. Page: https://www.sectoralpha.in/stocks/gujarat-state-petronet-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹268.35 (−16.5% in a year)
- P/E: 14.4× (higher than 63% of the last 10 years)
- Revenue (Dec 2025): ₹3,885 Cr (−10.9% on a year ago)
- Profit (Dec 2025): ₹379 Cr (+13.1% on a year ago)
- Operating margin: 16.0% (+3.0 points on a year ago)
- ROCE: 15%, FY25
- ROIC: 11.8%, against a 12.0% cost of capital: −0.2 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the 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. 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. ## What changed at GSPL this quarter? 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%. ## What are GSPL's latest quarterly results? 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

| Measure | October to December 2025 | October to December 2024 | Change |
| --- | --- | --- | --- |
| Revenue | ₹3,885 crore | ₹4,360 crore | −10.9% |
| Profit | ₹379 crore | ₹335 crore | +13.1% |
| Earnings per share | ₹4.55 | ₹4.15 | +9.6% |
| Operating margin | 16.0% | 13.0% | +3.0 points |

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.)

## What is the GSPL share price history? 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

| When | Close | Change to 11 May 2026 |
| --- | --- | --- |
| 1 week ago · 8 May 2026 | ₹288.95 | −7.1% |
| 1 month ago · 10 Apr 2026 | ₹241.37 | +11.2% |
| 6 months ago · 14 Nov 2025 | ₹302.15 | −11.2% |
| 1 year ago · 9 May 2025 | ₹321.50 | −16.5% |
| 3 years ago · 12 May 2023 | ₹287.10 | −6.5% |
| 5 years ago · 14 May 2021 | ₹267.70 | +0.2% |
| 10 years ago · 13 May 2016 | ₹138.95 | +93.1% |
| Earliest weekly close in our records · 4 Mar 2016 | ₹131.15 | +104.6% |
| Highest weekly close since March 2016 · 6 Sep 2024 | ₹446.40 | −39.9% |
| Lowest weekly close since March 2016 · 11 Mar 2016 | ₹127.45 | +110.6% |
| 52-week high (weekly close) · 16 May 2025 | ₹350.40 | −23.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹234.45 | +14.5% |

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.)

## What is the latest news on GSPL? 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. ## What dividend does GSPL pay? GSPL paid no dividend in the 12 months to 4 November 2026. The last was a dividend of ₹5 a share, ex-date 10 September 2025. ### GSPL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 10 Sep 2025 | ₹5 | Dividend | same day |
| 6 Sep 2024 | ₹5 | Dividend | same day |
| 1 Sep 2023 | ₹5 | Dividend | same day |
| 1 Sep 2022 | ₹2 | Dividend | 2 Sep 2022 |
| 8 Sep 2021 | ₹2 | Dividend | 9 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## Which stock lists is GSPL on? GSPL is on 2 of our India lists: Small & mid cap stocks and Oil & gas stocks. - [Small & mid cap stocks Size rank in India: 426](https://www.sectoralpha.in/small-cap-stocks-india)
- [Oil & gas stocks Group on the list: Gas pipelines, LNG, city gas and LPG](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is GSPL profitable? 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. 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. ## How much revenue does GSPL make, and is it growing? 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. 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). ## How much of every ₹100 of sales does GSPL keep? 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. 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. ## Is GSPL's profit turning into cash? 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. 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. ## Where does GSPL's cash go? 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. 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. ## What is GSPL's P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved −33.0% while the price moved −16.5%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +0.0% a year; about −7.7% a year came from earnings growth and about +7.7 percentage points from the multiple (the market paying more); over 10 years the price moved +6.8% a year; about +7.8% a year came from earnings growth and about −1.0 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 about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the GSPL share price assume? Worked out from its price on 13 June 2026, Gujarat State Petronet Ltd's share price assumed profit growth of about 2.4% a year. Over the past 10 years its profit actually grew 12.9% a year. Today its P/E is 14.4×, higher than 63% of its own last 10 years. This is a one-day reading, taken on 13 June 2026. Every other number on this page, the multiple included, uses the latest price as of 11 May 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the GSPL business getting better or worse? Gujarat State Petronet Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −7.5% in the latest quarter, against +7.3% at its best in 12 quarters, with ROCE steady at 12.8%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does GSPL earn on its capital? Gujarat State Petronet Ltd earned a ROCE of 15% in FY25. Its return on capital used (ROIC) is 0.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 9.4% net margin and 0.83× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 9.4% net margin × 0.83× asset turnover × 1.79× leverage (assets divided by equity) ≈ 14.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 11.8% − 12.0% = −0.2 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 GSPL have too much debt? Gujarat State Petronet Ltd has total debt of ₹140 Cr against shareholder equity of ₹15,946 Cr as of Dec 2025, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.24 in FY21 to 0.01 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the GSPL shareholding pattern? No group of Gujarat State Petronet Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.1 points over the same period, to 15.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.6 points over 8 quarters, to 25.4%; Foreign institutions: −0.1 points over 8 quarters, to 15.5%; Promoters: +0.0 points over 8 quarters, to 37.6%. ## How far is GSPL from balance-sheet trouble? For Gujarat State Petronet 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 GSPL rank in its industry? 44.3 out of 100, rank 5 of 7 in Gas Distribution, with 55% of the evidence available. Gujarat State Petronet Ltd scores 44.3 out of 100 against the 7 companies it is compared with in Gas Distribution, ranking 5. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 18.8 + 12.3 + 13.2 = 44.3 (no relative-strength reading this week; its 20 points are shared across the other three). 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 GSPL compared with? GSPL ranks 5 of 7 Gas Distribution companies on the 4-Factor Sector Score, with 44.3 out of 100. 1. [Petronet LNG Ltd](https://www.sectoralpha.in/stocks/petronet-lng-ltd) PETRONET · breaking out · Most evidence points up · 96% evidence 75.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue -24.8% · Profit 13.4% · Operating margin change 18 points · 88% evidence Capital efficiency 20.8/25 · ROCE 22.6% · Operating margin 28% · 100% evidence Valuation 13.1/20 · P/E 10.3× · PEG 1.3 · 100% evidence Relative strength 20.0/20 · Lead over its industry 11.1% · Lead over NIFTY 500 8% · 1 year 2.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21.4 + 20.8 + 13.1 + 20 = 75.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [GAIL (India) Ltd](https://www.sectoralpha.in/stocks/gail-indialtd) GAIL · breaking out · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Revenue 10.4% · Profit 15% · Operating margin change 5 points · 100% evidence Capital efficiency 10.1/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 9.9/20 · P/E 8.7× · PEG 1.79 · 100% evidence Relative strength 14.5/20 · Lead over its industry 8.4% · Lead over NIFTY 500 5.4% · 1 year -8.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 27.9 + 10.1 + 9.9 + 14.5 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Adani Total Gas Ltd](https://www.sectoralpha.in/stocks/adani-total-gas-ltd) ATGL · basing · Evidence leans down · 78% evidence 45.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 23.7% · Profit 2.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.5/25 · ROCE 15.3% · Operating margin 17% · 100% evidence Valuation 3.5/20 · P/E 91.6× · PEG 8.41 · 65% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.9% · 1 year -15.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 14.5 + 3.5 + 8.3 = 45.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Mahanagar Gas Ltd](https://www.sectoralpha.in/stocks/mahanagar-gas-ltd) MGL · turning · Evidence leans down · 81% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 11.1% · Profit -33.4% · Operating margin change -10 points · 88% evidence Capital efficiency 13.1/25 · ROCE 17% · Operating margin 14% · 100% evidence Valuation 12.0/20 · P/E 14.5× · PEG 0.3 · 100% evidence Relative strength 9.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.4% · 1 year -17.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 9.3 + 13.1 + 12 + 9.9 = 44.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Gujarat State Petronet Ltd this page GSPL · Too little evidence to rank firmly · 55% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/43.75 · Revenue -7.5% · Profit -18.6% · Operating margin change 3 points · 47% evidence Capital efficiency 12.3/31.25 · ROCE 15.2% · Operating margin 16% · 75% evidence Valuation 13.2/25 · P/E 14.4× · PEG 1.27 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 18.8 + 12.3 + 13.2 = 44.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Indraprastha Gas Ltd](https://www.sectoralpha.in/stocks/indraprastha-gas-ltd) IGL · basing · Evidence leans down · 100% evidence 41.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 14.7% · Profit -37.6% · Operating margin change -11.6 points · 100% evidence Capital efficiency 12.8/25 · ROCE 17.5% · Operating margin -0.6% · 100% evidence Valuation 14.8/20 · P/E 19.5× · PEG 1.26 · 100% evidence Relative strength 5.3/20 · Lead over its industry -8.9% · Lead over NIFTY 500 -11.5% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 12.8 + 14.8 + 5.3 = 41.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Gujarat Gas Ltd](https://www.sectoralpha.in/stocks/gujarat-gas-ltd) GUJGASLTD · Too little evidence to rank firmly · 47% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/43.75 · Revenue 3.7% · Profit -10.6% · Operating margin change 0 points · 53% evidence Capital efficiency 18.2/31.25 · ROCE 18.5% · Operating margin 11% · 71% evidence Valuation 14.9/25 · P/E 18.6× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.3 + 18.2 + 14.9 = 52.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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: [Gas Distribution](https://www.sectoralpha.in/sectors/gas-distribution), all 7 compared on one page. ## Which companies are close to GSPL in size? GSPL is the 6th largest of 7 Gas Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: GAIL (India), Adani Total Gas, Petronet LNG, Gujarat Gas and Indraprastha Gas. Just below it: Mahanagar Gas. ### Gas Distribution companies close in size

1. [GAIL (India) Ltd](https://www.sectoralpha.in/stocks/gail-indialtd) ₹1,10,402 crore
2. [Adani Total Gas Ltd](https://www.sectoralpha.in/stocks/adani-total-gas-ltd) ₹58,779 crore
3. [Petronet LNG Ltd](https://www.sectoralpha.in/stocks/petronet-lng-ltd) ₹43,425 crore
4. [Gujarat Gas Ltd](https://www.sectoralpha.in/stocks/gujarat-gas-ltd) ₹33,105 crore
5. [Indraprastha Gas Ltd](https://www.sectoralpha.in/stocks/indraprastha-gas-ltd) ₹19,487 crore
6. Gujarat State Petronet Ltd ₹15,141 crore
7. [Mahanagar Gas Ltd](https://www.sectoralpha.in/stocks/mahanagar-gas-ltd) ₹10,357 crore

[All 7 Gas Distribution companies, largest first](https://www.sectoralpha.in/sectors/gas-distribution#all-companies)

### Companies close in size in other industries

1. [Travel Food Services Ltd](https://www.sectoralpha.in/stocks/travel-food-services-ltd) ₹15,180 crore · Hotels
2. [Tata Chemicals Ltd](https://www.sectoralpha.in/stocks/tata-chemicals-ltd) ₹15,174 crore · Chemicals - Inorganic - Caustic Soda/Soda Ash
3. Gujarat State Petronet Ltd ₹15,141 crore
4. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) ₹15,121 crore · Auto Ancillaries - Diversified
5. [Triveni Turbine Ltd](https://www.sectoralpha.in/stocks/triveni-turbine-ltd) ₹14,943 crore · Capital Goods - Gensets/Turbines

## What else do people ask about GSPL? ### What were GSPL's latest quarterly results? Gujarat State Petronet Ltd reported revenue of ₹3,885 Cr and net profit of ₹379 Cr for the Dec 2025 quarter. Revenue fell 10.9% and profit rose 13.1% compared with a year earlier. Earnings per share were ₹4.55. The operating margin was 16.0%, 3.0 percentage points higher than a year earlier (as of 11 May 2026). ### What is GSPL's market cap? Gujarat State Petronet Ltd's market capitalisation is ₹15,141 Cr at a share price of ₹268.35. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 11 May 2026). ### How is GSPL performing? Gujarat State Petronet Ltd's share price has been falling for 34 weeks. In its latest quarter, revenue fell 10.9% and profit rose 13.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 9 weeks running (as of 11 May 2026). ### Will GSPL's share price go up? This page does not forecast Gujarat State Petronet Ltd's share price. What it shows instead: the share price is ₹268.35, and it has been falling for 34 weeks. Its P/E of 14.4× is higher than 63% of its own last 10 years (as of 11 May 2026). ### Who owns GSPL? Promoters own 37.6% of Gujarat State Petronet Ltd, foreign institutions 15.5%, domestic institutions 25.4% and the public 19.4% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 11 May 2026). ### Does GSPL have too much debt? No, Gujarat State Petronet Ltd has little debt: its debt is 0.01× its equity, and its operating profit is 47 times its interest bill. FY25 borrowings were ₹138 Cr against equity of ₹11,646 Cr. So the returns on this page come from the business, not borrowed money (as of 11 May 2026). ### Where is GSPL in its business cycle? Gujarat State Petronet Ltd's FY25 operating margin was 15.0%, against a 12-year range of 15.0% to 88.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 16.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 11 May 2026). ### What could break the GSPL story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. 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 11 May 2026). ### Is GSPL a stock worth studying right now? What the numbers show: Gujarat State Petronet Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 11 May 2026). ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

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