Gujarat Industries Power Co. Ltd

BSE: GIPCL517300ISIN INE162A01010

Utilities
Power Generation
BSE 1000

Share price

₹169.95+8.00 (+4.94%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹211.50
52W low: ₹119.95
Off 52W high: -19.65%
1M return: -3.71%
3M return: +5.72%
6M return: +7.90%
1Y return: -4.87%
20D avg volume: 14,244
50 DMA: ₹180.66
200 DMA: ₹158.67

Key ratios Standalone

Market cap: ₹2,638 Cr
Current price: ₹169.95
52W high / low: ₹211.50 / ₹119.95
Face value: ₹10.00
P/E: 5.25
P/B: 0.78
EPS (TTM): ₹32.40
Book value / share: ₹217.88
ROE: 14.94%
ROCE: 4.20%
Operating margin: 70.84%
Net margin: 31.63%
Debt / equity: 0.88
Net debt: ₹3,116 Cr
Interest cover: 3.21
Dividend yield: 2.41%
Dividend / share (TTM): ₹4.10
Payout: 12.65%
Cash conversion cycle: 101.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	499.28	428.26	369.94	321.40	371.52	338.25	321.99	276.06	319.96	372.69	353.56	280.18
	112.03	42.32	12.59	20.91	19.29	15.42	14.77	17.47	21.17	16.95	15.51	25.93
	611.31	470.58	382.53	342.30	390.81	353.67	336.76	293.53	341.13	389.64	369.07	306.11
	400.13	372.72	361.32	296.04	311.49	268.15	283.40	245.67	254.92	304.49	310.35	270.45
	163.82	124.98	167.37	120.83	182.89	140.88	146.47	114.01	129.17	167.77	175.40	117.64
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	35.44	52.93	30.67	27.20	28.83	32.26	29.92	24.05	32.14	36.88	35.71	35.90
	51.09	49.48	36.14	18.18	6.90	7.08	7.86	8.17	8.83	8.66	9.00	10.11
	91.40	89.97	77.57	64.22	45.74	42.11	43.00	42.75	42.22	41.93	42.34	42.10
	58.38	55.37	49.57	65.60	47.12	45.82	10.89	8.79	8.91	12.04	14.54	9.96
	211.18	97.86	21.21	46.27	79.33	85.51	53.36	47.87	86.21	85.15	58.72	35.66
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	211.18	97.86	21.21	46.27	79.33	85.51	53.36	47.87	86.21	85.15	58.72	35.66
	53.29	228.98	24.41	24.97	21.86	15.79	14.16	13.14	18.43	18.98	12.10	7.32
	157.90	326.85	-3.20	21.30	57.47	69.73	39.20	34.72	67.78	66.18	46.62	28.34
	10.17	21.06	-0.21	1.37	3.70	4.60	2.59	2.30	4.48	4.38	3.08	1.87
Key metrics
	353.67	237.31	134.92	128.67	131.97	134.70	104.22	98.79	137.26	135.74	110.06	87.87
	70.80%	55.40%	36.50%	40.00%	35.50%	39.80%	32.40%	35.80%	42.90%	36.40%	31.10%	31.40%
	31.60%	76.30%	-0.90%	6.60%	15.50%	20.60%	12.20%	12.60%	21.20%	17.80%	13.20%	10.10%
	—	1.70%	—	0.80%	—	1.30%	—	—	—	—	—	—
	34.40%	26.60%	14.90%	16.40%	16.10%	-9.20%	-8.90%	-1.50%	—	—	—	—
	174.80%	368.70%	-108.20%	-38.70%	-15.20%	5.40%	-15.90%	22.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,619	1,491	1,256	1,349	1,356	1,172
	187.85	95.11	68.83	76.40	48.12	21.13
	1,807	1,586	1,325	1,425	1,404	1,194
	1,430	1,342	1,052	1,173	1,150	946.25
	577.00	596.07	530.53	619.24	650.88	478.18
	0.00	0.00	0.00	—	—	—
	146.24	139.64	118.37	140.96	103.37	98.47
	154.89	110.71	31.93	37.20	37.54	28.76
	323.16	277.50	170.08	167.88	164.98	150.94
	228.92	217.66	201.23	46.22	37.34	40.01
	376.52	244.67	272.95	252.52	253.43	247.29
	0.00	0.00	0.00	—	—	—
	376.52	244.67	272.95	252.52	253.43	247.29
	331.65	-157.74	61.51	54.01	64.74	75.98
	502.85	402.41	211.43	198.51	188.69	171.31
	32.39	25.93	13.97	13.12	12.48	11.33
Key metrics
	854.57	632.88	474.96	457.60	455.95	426.99
	52.79%	42.40%	37.80%	33.90%	33.60%	36.40%
	31.06%	27.00%	16.80%	14.70%	13.90%	14.60%
	—	4.20%	4.20%	—	—	—
	23.78%	18.70%	-6.80%	-0.50%	15.60%	—
	150.02%	90.30%	6.50%	5.20%	10.10%	—
	—	-1,670	-1,580	—	—	—
	—	1.61	5.33	—	—	—
	—	0.88	0.52	—	—	—
	—	3,116	1,348	—	—	—
	—	101.2	100.2	—	—	—
Balance sheet
	—	9,426	7,566	—	—	—
	—	817.04	956.44	—	—	—
	—	261.13	467.46	—	—	—
	—	261.87	200.08	—	—	—
	—	208.33	230.92	—	—	—
	—	33.12	30.88	—	—	—
	—	5,728	2,527	—	—	—
	—	56.95	86.19	—	—	—
	—	913.38	358.24	—	—	—
	—	3,378	1,816	—	—	—
	—	129.90	82.16	—	—	—
	—	3,248	1,733	—	—	—
	—	3,840	3,524	—	—	—
Cash flow
	—	649.00	1,127	—	—	—
	—	-2,238	-2,665	—	—	—
	—	1,381	1,397	—	—	—
	—	2,319	2,706	—	—	—

Compounded growth

Sales CAGR 3Y: +3.23%
Sales CAGR 5Y: —
Profit CAGR 3Y: +28.72%
Profit CAGR 5Y: —
Sales YoY (TTM): +23.78%
Profit YoY (TTM): +150.02%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 56.56%

Holder	Type	Holding	Previous	Change
Gujarat Urja Vikas Nigam Limited	Promoter	24.73%	—	—
Gujarat Alkalies And Chemicals Limited	Promoter	16.15%	—	—
Gujarat State Fertilizers & Chemicals Limited	Promoter	15.68%	—	—
Hdfc Trustee Company Ltd. A/C Hdfc Balanced Advantage Fund	Public	4.08%	—	—
Gujarat Power Corporation Limited	Public	3.21%	—	—
Gujarat Energy Limited	Public	2.38%	—	—
Gujarat State Electricity Corporation Limited	Public	1.42%	—	—
Liquidators Petrofills Cooperative Limited	Promoter	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
NTPC Limited	3,11,942	321.70	10.24	8.60%	+7.39% TTM	+24.83% TTM	-2.72%
Adani Green Energy Limited	2,27,492	1,381.10	101.15	6.50%	+20.93% TTM	-3.27% TTM	+27.18%
JSW Energy Limited	93,306	508.90	33.61	7.50%	+26.38% TTM	+24.37% TTM	-3.57%
NHPC Limited	78,803	78.45	18.47	4.10%	+12.02% TTM	+23.69% TTM	-6.72%
NTPC GREEN ENERGY LIMITED	70,335	83.47	107.08	2.90%	+49.22% TTM	+8.45% TTM	-16.90%
NLC India Limited	34,444	248.40	10.23	7.70%	+16.51% TTM	+45.49% TTM	-5.23%
ACME Solar Holdings Limited	29,745	420.80	39.35	7.10%	+53.70% TTM	+57.50% TTM	+53.60%
SJVN LIMITED	22,026	56.05	22.27	5.90%	+98.93% TTM	+77.73% TTM	-35.83%
NAVA LIMITED	14,821	523.10	15.24	11.10%	+8.98% TTM	-29.91% TTM	-13.93%
Clean Max Enviro Energy Solutions Limited	14,670	1,247.35	78.18	5.10%	—	—	—
Juniper Green Energy Limited	14,495	254.75	—	—	—	—	—
Vedanta Power Limited	13,991	35.78	—	—	—	—	—
Jaiprakash Power Ventures Limited	9,444	13.78	19.17	6.80%	+5.95% TTM	-33.67% TTM	-23.15%
Reliance Power Limited	7,618	18.42	-24.04	4.90%	+2.87% TTM	-110.25% TTM	-54.76%
GMR Power and Urban Infra Limited	7,362	94.26	-47.42	18.30%	+4.38% TTM	-118.75% TTM	-23.24%
KPI Green Energy Limited	5,854	296.15	11.89	11.10%	+40.01% TTM	+32.95% TTM	-44.35%
RattanIndia Power Limited	3,507	6.53	19.34	6.30%	-4.08% TTM	+111.80% TTM	-39.59%
Gujarat Industries Power Co. Ltd S	2,638	169.95	5.25	4.20%	+23.78% TTM	+150.02% TTM	-4.87%
Ujaas Energy Limited S	2,442	183.05	373.57	5.60%	-26.01% TTM	-3.52% TTM	+45.22%
INSOLATION ENERGY LIMITED	1,609	72.98	—	19.20%	—	—	-59.77%
K.P. Energy Limited	1,138	167.90	6.25	32.80%	+74.28% TTM	+48.57% TTM	-63.41%
Orient Green Power Company Limited	1,035	8.82	15.47	8.10%	-0.14% TTM	+16.17% TTM	-36.91%
GVK Power & Infrastructure Ltd	324	2.05	-55.06	-1,357.80%	-100.00% TTM	+99.25% TTM	-38.25%
Surana Telecom And Power Limited	206	15.18	6.81	11.50%	+140.45% TTM	+35.38% TTM	-28.97%
WAAREE TECHNOLOGIES LIMITED S	196	182.30	-46.98	-62.90%	—	—	-29.65%

Filings & corporate actions

Recent announcements

Pursuant to Regulation 30 of SEBI Listing Regulation, 2015, intimation regarding Change in Senior Management of the Company31 Oct 2026 · Company Update / Change in Management
Gujarat Industries Power Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve UFR of Q2 ....27 Oct 2026 · Board Meeting / Board Meeting
GIPCL intimation regarding acceptance of order by M/s. Bondada Engineering Limited17 Oct 2026 · Company Update / General
Certificate pursuant to Regulation 74(5) of SEBI (DP) Regulations, 20186 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
GIPCL: Intimation regarding Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
GIPCL: Intimation regarding 41st AGM -Voting Result and Scrutinizer Report held on Saturday, the 19th September, 2026.21 Sep 2026 · AGM/EGM / AGM
Appointment of Additional Director (Nominee of GSFC)19 Sep 2026 · Company Update / Change in Management
GIPCL: Outcome of Board Meeting_Change in Director19 Sep 2026 · Others / Outcome without intimation
Change in Director19 Sep 2026 · Company Update / Change in Directorate
GIPCL: Outcome of 41st AGM_Proceedings19 Sep 2026 · AGM/EGM / AGM
GIPCL: Addendum to the Notice of 41st Annual General Meeting of the Company scheduled to be held on 19/09/2026.4 Sep 2026 · Company Update / Newspaper Publication
GIPCL: Addendum to the Notice of 41st Annual General Meeting of the Company scheduled to be held on 19/09/2026.4 Sep 2026 · Company Update / Newspaper Publication
Intimation regarding submission of Addendum to the notice of 41st AGM of the Company scheduled to be held on 19/09/2026.3 Sep 2026 · AGM/EGM / AGM
GIPCL Intimation to the holders of Physical Securities and non e-mail registered Members regarding 41st AGM, Annual Report and for update their KYC details.3 Sep 2026 · Company Update / General
Cessation of Shri K S Badlani (DIN: 10237996), Nominee of Gujarat State Fertilizers & Chemicals Limited due to withdrawal of Nomination by GSFC.31 Aug 2026 · Company Update / Cessation
Pursuant to Regulation 47 of the SEBI LODR, Regulations, 2015, intimation regarding newspaper publication containing details of 41st AGM, Book Closure, e-voting, etc.25 Aug 2026 · Company Update / Newspaper Publication
GIPCL: Intimation regarding Book Closure and Records Date for entitlement of Dividend24 Aug 2026 · Corp. Action / Book Closure
GIPCL: Intimation regarding date of payment of Dividend24 Aug 2026 · Corp Action / Date of payment of Dividend
GIPCL: Business Responsibility and Sustainability Report for the FY 2025-2624 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
GIPCL: 41st Annual Report of the Company for FY 2025-2624 Aug 2026 · Others / Reg. 34 (1) Annual Report
GIPCL: Notice of 41st AGM of the Company24 Aug 2026 · AGM/EGM / AGM
GIPCL: Intimation regarding Newspaper publication of Standalone Unaudited Financial Results for the Q1 of FY 2026-27 period ended on 30/06/202613 Aug 2026 · Company Update / Newspaper Publication
GIPCL outcome of Board Meeting_UFR of Q1 of FY 2026-27 period ended on 30/06/202611 Aug 2026 · Result / Financial Results
Outcome of Board Meeting pursuant to Regulation 30 & 33 of SEBI LODR Regulations, 201511 Aug 2026 · Board Meeting / Outcome of Board Meeting
Gujarat Industries Power Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Unaudited ....3 Aug 2026 · Board Meeting / Board Meeting
GIPCL: Submission of Transcript of Conference Call held on 10/07/2026.15 Jul 2026 · Company Update / Analyst / Investor Meet
GIPCL: Submission of Audit Transcript of Conference Call held today i.e. 10/07/2026.10 Jul 2026 · Company Update / Analyst / Investor Meet
Intimation regarding Analyst / Investor Meet to be held on Friday, 10th July, 2026 at 03:30 p.m. onwards.6 Jul 2026 · Company Update / Analyst / Investor Meet
Submission of Certificate under Reg. 74(5) of SEBI (DP) Regulations, 20186 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
GIPCL: intimation regarding Closure of Trading Window from 01/07/202625 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Scrutinizer report along with e-voting result of postal ballot.12 Jun 2026 · AGM/EGM / Postal Ballot
Intimation regarding outcome of Postal ballot.12 Jun 2026 · AGM/EGM / Postal Ballot
Newspaper publication regarding opening of another special window and 100 days campaign - Saksham Niveshak.4 Jun 2026 · Company Update / Newspaper Publication
Intimation regarding newspaper publication of notice of transfer of equity shares of the Company to IEPF Account.1 Jun 2026 · Company Update / Newspaper Publication
Regarding reminder letter sent to Shareholders pertaining to transfer of Equity Shares to IEPF Authority.30 May 2026 · Company Update / General
Newspaper publication of Standalone Audited Financial Result for F.Y. 2025-26 ended on 31/03/202630 May 2026 · Company Update / Newspaper Publication
GIPCL: Appointment of Cost Auditors of the Company for the FY 2026-27.29 May 2026 · Company Update / Change in Management
GIPCL: Standalone Audited Financial Result for the Q4 and year ended on 31/03/202629 May 2026 · Result / Financial Results
GIPCL: Outcome of the Board Meeting: Approval of Standalone AFR for the Q4 and Year ended FY 2025-26 and recommendation of Dividend for the FY 2025-2629 May 2026 · Board Meeting / Outcome of Board Meeting
Gujarat Industries Power Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Audited Financial ....22 May 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 4.1000	11 Sep 2026	11 Sep 2026	—
Final Dividend - Rs. - 4.0900	12 Sep 2025	12 Sep 2025	—
Final Dividend - Rs. - 3.9500	13 Sep 2024	—	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results