Gujarat State Petronet Ltd.
Gujarat State Petronet Ltd. (GSPL) financial statements and selected valuation metrics from NSE/BSE exchange filings through 31 December 2025.
Energy›Oil, Gas & Consumable Fuels›Gas›Gas Transmission/Marketing
gspcgroup.com(opens the company website in a new tab)Key metrics
Price as of 2026-05-11
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,415 Cr | 4,251 Cr | 4,411 Cr | 4,544 Cr | 4,692 Cr | 4,892 Cr | 4,159 Cr | 4,540 Cr | 4,477 Cr | 4,301 Cr | 4,206 Cr | 4,092 Cr |
| Operating expenses (approx.) | 3,553 Cr | 3,519 Cr | 3,497 Cr | 3,757 Cr | 3,722 Cr | 4,055 Cr | 3,452 Cr | 3,967 Cr | 3,903 Cr | 3,579 Cr | 3,586 Cr | 3,479 Cr |
| EBITDA | 863 Cr | 731 Cr | 914 Cr | 787 Cr | 970 Cr | 837 Cr | 707 Cr | 573 Cr | 574 Cr | 722 Cr | 621 Cr | 613 Cr |
| OPM % | 19.5% | 17.2% | 20.7% | 17.3% | 20.7% | 17.1% | 17.0% | 12.6% | 12.8% | 16.8% | 14.8% | 15.0% |
| Other income | 45 Cr | 40 Cr | 45 Cr | 42 Cr | 59 Cr | 69 Cr | 76 Cr | 96 Cr | 109 Cr | 101 Cr | 114 Cr | 96 Cr |
| Interest | 13 Cr | 15 Cr | 14 Cr | 14 Cr | 8 Cr | 8 Cr | 8 Cr | 10 Cr | 11 Cr | 8 Cr | 8 Cr | 9 Cr |
| Depreciation | 157 Cr | 161 Cr | 165 Cr | 168 Cr | 169 Cr | 171 Cr | 179 Cr | 179 Cr | 179 Cr | 184 Cr | 188 Cr | 189 Cr |
| Profit before tax | 719 Cr | 586 Cr | 789 Cr | 661 Cr | 899 Cr | 712 Cr | 577 Cr | 460 Cr | 486 Cr | 626 Cr | 527 Cr | 510 Cr |
| Tax % | 24.5% | 25.9% | 25.2% | 24.9% | 26.3% | 26.0% | 26.6% | 27.1% | 27.5% | 25.8% | 26.2% | 25.7% |
| Net profit | 543 Cr | 434 Cr | 590 Cr | 496 Cr | 663 Cr | 527 Cr | 423 Cr | 335 Cr | 352 Cr | 465 Cr | 389 Cr | 379 Cr |
| EPS (₹) | ₹6.61 | ₹5.94 | ₹8.06 | ₹7.00 | ₹8.42 | ₹6.65 | ₹4.99 | ₹4.15 | ₹3.90 | ₹5.58 | ₹4.62 | ₹4.55 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 9,553 Cr | 12,470 Cr | 11,726 Cr | 18,322 Cr | 18,663 Cr | 17,898 Cr | 18,068 Cr | Sign in for TTM |
| Operating expenses (approx.) | 7,013 Cr | 9,247 Cr | 8,152 Cr | 14,822 Cr | 14,984 Cr | 14,515 Cr | 15,377 Cr | Sign in for TTM |
| EBITDA | 2,540 Cr | 3,223 Cr | 3,574 Cr | 3,500 Cr | 3,680 Cr | 3,383 Cr | 2,691 Cr | Sign in for TTM |
| OPM % | 26.6% | 25.8% | 30.5% | 19.1% | 19.7% | 18.9% | 14.9% | Sign in for TTM |
| Other income | 138 Cr | 108 Cr | 91 Cr | 106 Cr | 133 Cr | 186 Cr | 350 Cr | Sign in for TTM |
| Interest | 427 Cr | 369 Cr | 227 Cr | 112 Cr | 70 Cr | 32 Cr | 37 Cr | Sign in for TTM |
| Depreciation | 468 Cr | 518 Cr | 542 Cr | 579 Cr | 621 Cr | 664 Cr | 709 Cr | Sign in for TTM |
| Profit before tax | 1,780 Cr | 2,438 Cr | 2,936 Cr | 2,957 Cr | 3,125 Cr | 2,935 Cr | 2,234 Cr | Sign in for TTM |
| Tax % | 33.1% | 6.5% | 25.3% | 24.5% | 25.1% | 25.6% | 26.7% | Sign in for TTM |
| Net profit | 1,190 Cr | 2,279 Cr | 2,192 Cr | 2,231 Cr | 2,342 Cr | 2,184 Cr | 1,637 Cr | Sign in for TTM |
| EPS (₹) | ₹17.71 | ₹30.66 | ₹28.48 | ₹29.04 | ₹29.09 | ₹29.41 | ₹19.69 | Sign in for TTM |
| Dividend payout % | — | — | — | 7.9% | 7.5% | 22.5% | 28.1% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | 564 Cr | 564 Cr | 564 Cr | 564 Cr | 564 Cr | 564 Cr | 564 Cr |
| Reserves | 2,731 Cr | 4,320 Cr | 5,827 Cr | 7,355 Cr | 8,885 Cr | 10,261 Cr | 11,082 Cr |
| Borrowings | 3,375 Cr | 2,378 Cr | 1,520 Cr | 569 Cr | — | — | — |
| Other liabilities | 4,781 Cr | 4,567 Cr | 4,190 Cr | 4,208 Cr | 4,628 Cr | 4,673 Cr | 5,252 Cr |
| Total liabilities | 12,461 Cr | 13,350 Cr | 14,169 Cr | 15,294 Cr | 17,316 Cr | 19,056 Cr | 20,807 Cr |
| Fixed assets (net) | 8,422 Cr | 8,759 Cr | 8,974 Cr | 9,397 Cr | 9,859 Cr | 10,092 Cr | 10,993 Cr |
| CWIP | 908 Cr | 806 Cr | 953 Cr | 1,219 Cr | 1,382 Cr | 1,661 Cr | 1,106 Cr |
| Investments | 697 Cr | 1,024 Cr | 1,458 Cr | 1,671 Cr | 1,623 Cr | 1,890 Cr | 1,804 Cr |
| Loans & advances | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 5 Cr | 4 Cr | 4 Cr |
| Inventories | 197 Cr | 172 Cr | 182 Cr | 242 Cr | 273 Cr | 269 Cr | 319 Cr |
| Trade receivables | 700 Cr | 655 Cr | 906 Cr | 1,039 Cr | 1,141 Cr | 1,148 Cr | 1,118 Cr |
| Cash & bank | 168 Cr | 640 Cr | 361 Cr | 94 Cr | 810 Cr | 924 Cr | 368 Cr |
| Other assets | 1,365 Cr | 1,291 Cr | 1,332 Cr | 1,628 Cr | 2,221 Cr | 3,066 Cr | 5,095 Cr |
| Total assets | 12,461 Cr | 13,350 Cr | 14,169 Cr | 15,294 Cr | 17,316 Cr | 19,056 Cr | 20,807 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 2,746 Cr | 3,340 Cr | 2,803 Cr | 2,741 Cr |
| Cash from investing | — | — | — | -1,357 Cr | -1,815 Cr | -2,142 Cr | -2,754 Cr |
| Cash from financing | — | — | — | -1,659 Cr | -805 Cr | -547 Cr | -544 Cr |
| Net cash flow | — | — | — | -271 Cr | 720 Cr | 114 Cr | -556 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 1,456 Cr | 2,062 Cr | 1,550 Cr | 1,765 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| ROCE % | 67.0% | 57.5% | 49.5% | 38.7% | 25.2% | 20.6% | 14.6% |
| ROE % | 30.3% | 35.4% | 25.1% | 20.7% | 12.9% | 11.5% | 7.1% |
| Debtor days | 27 | 19 | 28 | 21 | 22 | 23 | 23 |
| Inventory days | 12 | 8 | 10 | 7 | 8 | 8 | 9 |
| Days payable | 23 | 19 | 27 | 14 | 21 | 21 | 22 |
| Cash conversion cycle | 16 | 8 | 11 | 14 | 9 | 10 | 10 |
| Debt / equity | 1.02 | 0.49 | 0.24 | 0.07 | — | — | — |
| Current ratio | 0.52 | 0.60 | 0.58 | 0.64 | 1.04 | 1.33 | 1.58 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | -0.22 | -0.27 | -0.14 |
Compare with peers
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