Gujarat Industries (GIPCL) | Financial Analysis & Statements
Gujarat Industries Power Company Ltd. | Small-cap | Utilities
Gujarat Industries Power Company Ltd. | Small-cap | Utilities
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
3.7B
Gross Profit
1.5B
40.95%
Operating Income
669.4M
18.02%
Net Income
574.7M
15.47%
EPS (Diluted)
₹3.70
Balance Sheet Metrics
Total Assets
75.7B
Total Liabilities
40.4B
Shareholders Equity
35.2B
Debt to Equity
1.15
Cash Flow Metrics
Revenue & Profitability Trend
Gujarat Industries Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 12.5B | 13.4B | 13.5B | 11.7B | 13.3B |
| Cost of Goods Sold | 7.0B | 7.8B | 8.1B | 6.3B | 7.7B |
| Gross Profit | 5.5B | 5.6B | 5.4B | 5.4B | 5.6B |
| Gross Margin % | 44.3% | 41.5% | 39.9% | 45.9% | 42.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 34.6M | 40.3M | 21.3M | 53.8M | 17.8M |
| Other Operating Expenses | 301.7M | 348.0M | 294.3M | 285.9M | 265.1M |
| Total Operating Expenses | 336.3M | 388.2M | 315.6M | 339.7M | 282.9M |
| Operating Income | 2.4B | 2.1B | 2.4B | 2.5B | 2.7B |
| Operating Margin % | 19.2% | 15.9% | 18.0% | 21.8% | 20.2% |
| Non-Operating Items | |||||
| Interest Income | 520.1M | 532.7M | 242.7M | 120.8M | 216.0M |
| Interest Expense | 316.9M | 369.9M | 369.5M | 278.8M | 304.2M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 2.7B | 2.5B | 2.5B | 2.5B | 2.7B |
| Income Tax | 615.1M | 540.1M | 647.4M | 759.8M | 887.3M |
| Effective Tax Rate % | 22.5% | 21.4% | 25.5% | 30.7% | 33.0% |
| Net Income | 2.1B | 2.0B | 1.9B | 1.7B | 1.8B |
| Net Margin % | 16.9% | 14.8% | 14.0% | 14.7% | 13.5% |
| Key Metrics | |||||
| EBITDA | 4.7B | 4.4B | 4.4B | 4.2B | 4.5B |
| EPS (Basic) | ₹13.97 | ₹13.12 | ₹12.48 | ₹11.33 | ₹11.89 |
| EPS (Diluted) | ₹13.97 | ₹13.12 | ₹12.48 | ₹11.33 | ₹11.89 |
| Basic Shares Outstanding | 151305500 | 151251188 | 151251188 | 151251188 | 151251188 |
| Diluted Shares Outstanding | 151305500 | 151251188 | 151251188 | 151251188 | 151251188 |
Income Statement Trend
Gujarat Industries Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 4.7B | 6.1B | 4.5B | 2.8B | 2.8B |
| Short-term Investments | 265.1M | 182.0M | 172.8M | 327.5M | 247.0M |
| Accounts Receivable | 2.0B | 2.8B | 3.1B | 3.2B | 3.0B |
| Inventory | 2.3B | 2.2B | 2.6B | 2.2B | 2.2B |
| Other Current Assets | 308.8M | 263.7M | 233.8M | 218.0M | 38.0K |
| Total Current Assets | 9.6B | 11.6B | 10.6B | 8.8B | 8.5B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 714.6M | 3.8B | 2.2B | 2.3B | 2.0B |
| Goodwill | 14.4M | 18.7M | 27.2M | 37.4M | 31.3M |
| Intangible Assets | 14.4M | 18.7M | 27.2M | 37.4M | 31.3M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 14.9M | 14.9M | 14.9M | 14.9M | 14.9M |
| Total Non-Current Assets | 66.1B | 40.6B | 34.3B | 35.2B | 32.8B |
| Total Assets | 75.7B | 52.2B | 44.9B | 44.0B | 41.3B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.1B | 1.0B | 1.0B | 1.1B | 970.3M |
| Short-term Debt | 916.6M | 1.0B | 937.5M | 1.2B | 806.2M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 218.8M | 77.1M | 111.9M | 214.6M | 295.9M |
| Total Current Liabilities | 6.4B | 6.2B | 3.3B | 4.0B | 3.8B |
| Non-Current Liabilities | |||||
| Long-term Debt | 19.4B | 5.1B | 4.0B | 4.1B | 4.0B |
| Deferred Tax Liabilities | 3.4B | 3.3B | 3.2B | 3.1B | 2.7B |
| Other Non-Current Liabilities | 1.3B | 1.0K | 1.0K | 27.4M | 33.7M |
| Total Non-Current Liabilities | 34.0B | 12.9B | 10.0B | 9.6B | 8.9B |
| Total Liabilities | 40.4B | 19.1B | 13.3B | 13.6B | 12.7B |
| Equity | |||||
| Common Stock | 1.6B | 1.5B | 1.5B | 1.5B | 1.5B |
| Retained Earnings | 2.1B | 1.5B | 1.0B | 434.7M | 32.8M |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 35.2B | 33.1B | 31.5B | 30.4B | 28.6B |
| Key Metrics | |||||
| Total Debt | 20.3B | 6.1B | 4.9B | 5.3B | 4.8B |
| Working Capital | 3.2B | 5.4B | 7.3B | 4.9B | 4.7B |
Balance Sheet Composition
Gujarat Industries Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 2.7B | 2.5B | 2.5B | 2.5B | 2.7B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | 7.6B | 2.1B | 161.8M | -143.1M | -1.8B |
| Operating Cash Flow | 10.1B | 4.5B | 2.8B | 2.5B | 940.8M |
| Investing Activities | |||||
| Capital Expenditures | -27.0B | -4.6B | -1.3B | -3.3B | -2.4B |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -192.0M | - | -239.9M | -192.5M | -178.7M |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -27.2B | -2.2B | -1.7B | -3.7B | -2.8B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -597.4M | -567.2M | -378.1M | -408.3M | -438.6M |
| Debt Issuance | 14.9B | 0 | 1.0B | 895.0M | 605.0M |
| Debt Repayment | -752.7M | -691.5M | -1.3B | -493.4M | -605.3M |
| Financing Cash Flow | 14.4B | -1.3B | -733.8M | 35.7M | -162.7M |
| Free Cash Flow | -15.8B | 982.0M | 2.8B | 187.0M | -466.8M |
| Net Change in Cash | -2.7B | 992.6M | 348.4M | -1.2B | -2.0B |
Cash Flow Trend
Gujarat Industries Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
13.79
Forward P/E
9.48
Price to Book
0.78
Price to Sales
2.19
PEG Ratio
-0.79
Profitability Ratios
Profit Margin
15.38%
Operating Margin
18.02%
Return on Equity
6.00%
Return on Assets
2.79%
Financial Health
Current Ratio
1.49
Debt to Equity
57.52
Beta
0.07
Per Share Data
EPS (TTM)
₹13.20
Book Value per Share
₹232.47
Revenue per Share
₹85.84
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| gipcl | 28.6B | 13.79 | 0.78 | 6.00% | 15.38% | 57.52 |
| Ntpc | 3.3T | 18.68 | 1.79 | 12.26% | 12.84% | 130.86 |
| Power Grid | 2.6T | 17.54 | 2.81 | 16.75% | 33.55% | 145.25 |
| Bajel Projects | 25.2B | 182.82 | 3.52 | 2.32% | 0.48% | 21.01 |
| DPSC | 11.9B | 302.25 | 1.34 | 0.80% | 1.14% | 17.78 |
| Energy Development | 952.2M | 42.15 | 22.67 | 3,679.49% | -262.36% | -55.45 |
Financial data is updated regularly. All figures are in the company's reporting currency.