Gujarat Pipavav Port Limited

BSE: GPPL533248ISIN INE517F01014

Services
Port & Port services
BSE 1000

Share price

₹164.80+1.55 (+0.95%)

as of 4 Nov 2026

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

52W high: ₹200.00
52W low: ₹141.80
Off 52W high: -17.60%
1M return: -1.64%
3M return: +8.67%
6M return: +3.62%
1Y return: +1.23%
20D avg volume: 60,559
50 DMA: ₹164.45
200 DMA: ₹160.10

Key ratios Consolidated

Market cap: ₹7,967 Cr
Current price: ₹164.80
52W high / low: ₹200.00 / ₹141.80
Face value: ₹10.00
P/E: 14.26
P/B: 3.26
EPS (TTM): ₹11.56
Book value / share: ₹50.59
ROE: —
ROCE: 25.90%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-9.31 Cr
Interest cover: 98.27
Dividend yield: 6.31%
Dividend / share (TTM): ₹10.40
Payout: 89.97%
Cash conversion cycle: -0.3 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	339.15	331.77	317.21	292.25	299.35	250.45	251.77	262.89	227.04	245.98	251.28	269.63
	17.34	15.45	16.16	15.27	20.21	20.24	19.25	18.75	21.45	21.59	19.49	18.98
	356.49	347.22	333.38	307.52	319.56	270.69	271.02	281.64	248.49	267.57	270.76	288.61
	159.48	149.91	125.49	166.65	154.63	135.63	124.79	155.86	125.20	127.18	125.54	141.52
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	26.31	25.55	21.05	24.90	22.91	22.46	20.99	23.86	21.21	20.77	19.35	20.00
	1.04	0.72	1.14	2.39	1.47	1.87	1.58	1.00	1.60	1.69	2.60	2.02
	31.10	31.41	30.32	32.44	31.65	31.46	28.17	30.70	29.14	29.05	28.93	29.18
	101.02	92.23	72.98	106.91	98.60	79.85	74.05	48.74	36.06	34.00	37.37	41.68
	197.01	197.31	207.89	140.87	164.93	135.06	146.23	125.78	123.29	140.39	145.22	147.08
	0.00	0.00	-18.83	-4.81	43.13	0.00	0.00	0.00	0.00	0.00	-51.85	-0.10
	197.01	197.31	189.06	136.06	208.06	135.06	146.23	125.78	123.29	140.39	93.37	146.98
	51.14	50.60	49.42	35.85	53.96	34.93	37.74	32.70	50.93	34.12	24.73	36.70
	152.69	147.90	142.20	107.91	160.73	104.33	112.36	99.37	75.49	109.67	65.84	116.06
	3.16	3.06	2.95	2.23	3.32	2.16	2.32	2.06	1.56	2.27	1.36	2.40
Key metrics
	229.15	229.44	220.52	170.89	241.18	168.39	175.98	157.48	154.03	171.13	124.90	178.18
	67.60%	69.20%	69.50%	58.50%	80.60%	67.20%	69.90%	59.90%	67.80%	69.60%	49.70%	66.10%
	45.00%	44.60%	44.80%	36.90%	53.70%	41.70%	44.60%	37.80%	33.20%	44.60%	26.20%	43.00%
	7.50%	—	7.30%	—	8.00%	—	5.70%	—	—	—	—	—
	13.30%	32.50%	26.00%	11.20%	31.80%	1.80%	0.20%	-2.50%	—	—	—	—
	-5.00%	41.80%	26.60%	8.60%	112.90%	-4.90%	70.70%	-14.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	1,280	1,158	987.67	988.43	916.95	743.54	733.46	735.37	701.98	648.90	683.10
	64.22	73.31	81.05	74.90	51.00	28.59	40.40	47.07	45.24	37.05	31.56
	1,345	1,232	1,069	1,063	967.95	772.12	773.86	782.44	747.22	685.95	714.66
	601.53	582.94	533.03	540.30	538.92	465.01	451.10	427.58	426.31	378.74	371.43
	0.00	0.00	0.00	—	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—	—
	97.81	91.33	86.83	79.14	74.58	73.90	67.15	56.69	59.69	52.89	—
	5.29	6.87	5.87	9.32	7.96	4.77	6.31	7.38	0.36	0.35	0.40
	125.27	125.86	117.06	115.60	116.15	129.27	133.45	131.45	112.83	—	106.52
	373.14	358.89	323.27	161.56	148.03	110.55	106.73	104.99	109.19	103.44	94.81
	743.08	648.75	535.69	523.03	429.03	307.11	322.76	354.86	320.91	307.20	343.23
	-23.64	19.49	0.00	-53.03	-37.17	-4.61	0.00	0.00	0.00	0.00	0.00
	719.44	668.24	535.69	470.00	391.87	302.50	322.76	354.86	320.91	307.20	343.23
	187.01	174.17	155.49	137.48	100.08	110.42	116.14	66.25	115.28	108.74	97.12
	550.70	515.16	396.90	342.00	313.14	197.33	221.95	319.44	236.68	221.01	282.23
	11.40	10.66	8.21	7.07	6.48	4.08	4.59	6.61	4.88	—	—
Key metrics
	850.00	800.97	658.62	594.92	515.98	436.54	462.52	493.69	434.10	307.55	450.15
	66.39%	69.10%	66.70%	60.20%	56.30%	58.70%	63.10%	67.10%	61.80%	47.40%	65.90%
	43.01%	44.50%	40.20%	34.60%	34.20%	26.50%	30.30%	43.40%	33.70%	34.10%	41.30%
	—	25.90%	21.00%	—	—	—	—	—	—	—	—
	20.28%	17.30%	-0.10%	7.80%	23.30%	1.40%	-0.30%	4.80%	8.20%	-5.00%	—
	15.50%	29.80%	16.10%	9.20%	58.70%	-11.10%	-30.50%	35.00%	7.10%	-21.70%	—
	—	198.75	334.02	—	—	—	—	—	—	—	—
	—	0.95	1.08	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	-9.31	-12.56	—	—	—	—	—	—	—	—
	—	-0.3	4.1	—	—	—	—	—	—	—	—
Balance sheet
	—	3,024	2,935	—	—	—	—	—	—	—	—
	—	1,058	1,161	—	—	—	—	—	—	—	—
	—	9.31	12.56	—	—	—	—	—	—	—	—
	—	44.32	47.65	—	—	—	—	—	—	—	—
	—	11.81	9.92	—	—	—	—	—	—	—	—
	—	146.65	13.45	—	—	—	—	—	—	—	—
	—	1,261	1,274	—	—	—	—	—	—	—	—
	—	57.18	46.52	—	—	—	—	—	—	—	—
	—	416.82	356.09	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	2,388	2,337	—	—	—	—	—	—	—	—
Cash flow
	—	489.22	429.43	—	—	—	—	—	—	—	—
	—	-18.37	-56.20	—	—	—	—	—	—	—	—
	—	-495.19	-401.02	—	—	—	—	—	—	—	—
	—	290.47	95.41	—	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	339.15	331.77	317.21	292.25	299.35	250.45	251.77	262.89	227.04	245.98	251.28	269.63
	21.14	15.45	16.16	15.27	24.01	20.24	19.25	18.75	21.45	21.59	19.49	18.98
	360.29	347.22	333.38	307.52	323.36	270.69	271.02	281.64	248.49	267.57	270.76	288.61
	159.48	149.91	125.49	166.65	154.63	135.63	124.79	155.86	125.20	127.18	125.54	141.52
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	26.31	25.55	21.05	24.90	22.91	22.46	20.99	23.86	21.21	20.77	19.35	20.00
	1.04	0.72	1.14	2.39	1.47	1.87	1.58	1.00	1.60	1.69	2.60	2.02
	31.10	31.41	30.32	32.44	31.65	31.46	28.17	30.70	29.14	29.05	28.93	29.18
	101.02	92.23	72.98	106.91	98.60	79.85	74.05	48.74	36.06	34.00	37.37	41.68
	200.81	197.31	207.89	140.87	168.73	135.06	146.23	125.78	123.29	140.39	145.22	147.08
	0.00	0.00	-18.83	-4.81	43.13	0.00	0.00	—	—	—	-51.85	-0.10
	200.81	197.31	189.06	136.06	211.87	135.06	146.23	125.78	123.29	140.39	93.37	146.98
	50.71	50.43	49.05	34.75	53.56	34.33	37.19	31.80	31.79	35.75	23.43	36.70
	150.10	146.88	140.01	101.31	158.31	100.73	109.04	93.99	91.50	104.64	69.94	110.28
	3.10	3.04	2.90	2.10	3.27	2.08	2.27	1.94	1.89	2.16	1.45	2.28
Key metrics
	232.95	229.44	220.52	170.89	244.99	168.39	175.98	157.48	154.03	171.13	124.90	178.18
	68.70%	69.20%	69.50%	58.50%	81.80%	67.20%	69.90%	59.90%	67.80%	69.60%	49.70%	66.10%
	44.30%	44.30%	44.10%	34.70%	52.90%	40.20%	43.30%	35.80%	40.30%	42.50%	27.80%	40.90%
	8.50%	—	8.10%	—	9.00%	—	6.40%	—	—	—	—	—
	13.30%	32.50%	26.00%	11.20%	31.80%	1.80%	0.20%	-2.50%	—	—	—	—
	-5.20%	45.80%	28.40%	7.80%	73.00%	-3.70%	55.90%	-14.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	1,280	1,158	987.67	988.43	916.95	743.54	733.46	735.37	701.98	648.90	683.10
	68.02	77.11	81.05	78.70	51.00	28.59	44.20	50.87	45.24	37.05	35.36
	1,348	1,235	1,069	1,067	967.95	772.12	777.66	786.24	747.22	685.95	718.46
	601.53	582.94	533.03	540.30	538.92	465.01	451.10	427.58	426.31	378.74	371.43
	0.00	0.00	0.00	—	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—	—
	97.81	91.33	86.83	79.14	74.58	73.90	67.15	56.69	59.69	52.89	—
	5.29	6.87	5.87	9.32	7.96	4.77	6.31	7.38	0.36	0.35	0.40
	125.27	125.86	117.06	115.60	116.15	129.27	133.45	131.45	112.83	103.56	106.51
	373.14	358.89	323.27	161.56	148.03	110.55	106.73	104.99	109.19	103.44	94.81
	746.88	652.55	535.69	526.83	429.03	307.11	326.56	358.65	320.91	307.20	347.03
	-23.64	19.49	0.00	-53.03	-37.17	-4.61	—	—	—	—	—
	723.24	672.04	535.69	473.80	391.87	302.50	326.56	358.65	320.91	307.20	347.03
	184.94	171.69	136.53	120.00	100.08	110.42	116.14	66.25	115.28	108.74	97.12
	538.30	500.36	399.16	353.80	291.78	193.24	218.40	292.40	205.63	198.46	249.91
	11.14	10.35	8.26	7.32	6.04	4.00	4.52	6.05	4.24	—	—
Key metrics
	853.80	804.77	658.62	598.72	515.98	436.54	466.32	497.48	434.10	411.11	453.94
	66.68%	69.50%	66.70%	60.60%	56.30%	58.70%	63.60%	67.70%	61.80%	63.40%	66.50%
	42.04%	43.20%	40.40%	35.80%	31.80%	26.00%	29.80%	39.80%	29.30%	30.60%	36.60%
	—	29.10%	23.30%	—	—	—	—	—	—	—	—
	20.28%	17.30%	-0.10%	7.80%	23.30%	1.40%	-0.30%	4.80%	8.20%	-5.00%	—
	16.50%	25.40%	12.80%	21.30%	51.00%	-11.50%	-25.30%	42.20%	3.60%	-20.60%	—
	—	216.04	350.71	—	—	—	—	—	—	—	—
	—	1.01	1.12	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	-9.31	-12.56	—	—	—	—	—	—	—	—
	—	-0.3	4.1	—	—	—	—	—	—	—	—
Balance sheet
	—	2,752	2,681	—	—	—	—	—	—	—	—
	—	1,058	1,161	—	—	—	—	—	—	—	—
	—	9.31	12.56	—	—	—	—	—	—	—	—
	—	44.32	47.65	—	—	—	—	—	—	—	—
	—	11.81	9.92	—	—	—	—	—	—	—	—
	—	146.65	13.45	—	—	—	—	—	—	—	—
	—	1,261	1,274	—	—	—	—	—	—	—	—
	—	57.18	46.52	—	—	—	—	—	—	—	—
	—	416.82	356.09	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—	—
	—	2,155	2,119	—	—	—	—	—	—	—	—
Cash flow
	—	506.51	446.12	—	—	—	—	—	—	—	—
	—	-14.57	-56.20	—	—	—	—	—	—	—	—
	—	-495.19	-401.02	—	—	—	—	—	—	—	—
	—	290.47	95.41	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +8.10%
Sales CAGR 5Y: +9.57%
Profit CAGR 3Y: +19.69%
Profit CAGR 5Y: +18.03%
Sales YoY (TTM): +20.28%
Profit YoY (TTM): +16.50%

Consolidated

Sales CAGR 3Y: +8.10%
Sales CAGR 5Y: +9.57%
Profit CAGR 3Y: +18.05%
Profit CAGR 5Y: +18.34%
Sales YoY (TTM): +20.28%
Profit YoY (TTM): +15.50%

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: 44.01%

Quarter	September 2026	June 2026
Promoter %	44.01%	44.01%

Holder	Type	Holding	Previous	Change
APM Terminals Mauritius Limited	Promoter	44.01%	44.01%	0.00%
HDFC TRUSTEE COMPANY LIMITED - HDFC INFRASTRUCTURE	Public	7.30%	—	—
GOVERNMENT PENSION FUND GLOBAL	Public	3.42%	3.52%	-0.10%
ICICI PRUDENTIAL RETIREMENT FUND-PURE EQUITY PLAN	Public	2.67%	—	—
TATA MUTUAL FUND - TATA SMALL CAP FUND	Public	2.30%	—	—
ISHARES CORE MSCI EMERGING MARKETS ETF	Public	1.03%	1.11%	-0.08%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Adani Ports and Special Economic Zone Ltd	4,39,388	1,907.10	32.11	11.40%	+22.62% TTM	+14.29% TTM	+32.04%
JSW Infrastructure Limited	80,560	345.75	54.64	12.30%	+17.02% TTM	-8.40% TTM	+19.33%
Gujarat Pipavav Port Limited	7,967	164.80	14.26	25.90%	+20.28% TTM	+15.50% TTM	+1.23%
Allcargo Terminals Limited	664	26.36	15.07	9.60%	+16.25% TTM	+71.57% TTM	—
Starlog Enterprises Limited	60	39.98	-4.92	-11.80%	-32.02% TTM	-151.24% TTM	-24.21%
VMS INDUSTRIES LIMITED S	42	16.97	27.82	6.10%	-17.14% TTM	-76.49% TTM	-47.00%

Filings & corporate actions

Recent announcements

Presentation to be made at the Post Earnings Call attached4 Nov 2026 · Company Update / Analyst / Investor Meet
Intimation regarding Record Date approved by the Board for payment of Interim Divided attached4 Nov 2026 · Corp. Action / Record Date
Unaudited Standalone and Consolidated Financial Results with Unmodified Limited Review Report of Statutory Auditors and Intimation regarding Interim Dividend approved by the Directors along ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Gujarat Pipavav Port Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Prior intimation regarding ....19 Oct 2026 · Board Meeting / Board Meeting
The Operational Data for the Quarter and Half Year Ended 30th September 2026 is attached7 Oct 2026 · Company Update / General
Intimation regarding Closure of Trading Window attached23 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer Report for E-voting on resolutions proposed in AGM attached11 Sep 2026 · AGM/EGM / AGM
E-voting Results attached11 Sep 2026 · AGM/EGM / AGM
The previous submission of the proceedings of AGM did not include the resolutions proposed for shareholders approval. Hence the proceedings of AGM are being re-submitted herewith.9 Sep 2026 · AGM/EGM / AGM
Details regarding the proceedings of the Annual General Meeting held today are attached herewith9 Sep 2026 · AGM/EGM / AGM
Intimation regarding update on Concession Extension attached26 Aug 2026 · Company Update / General
Annual Report including the Notice convening the AGM attached17 Aug 2026 · Others / Reg. 34 (1) Annual Report
The Presentation to be made at the Post Earnings Investor Call is attached herewith12 Aug 2026 · Company Update / Analyst / Investor Meet
Unaudited Standalone and Consolidated Financial Results along with Unmodified Limited Review Report by Statutory Auditors for the Quarter ended 30th June 2026 attached12 Aug 2026 · Board Meeting / Outcome of Board Meeting
Gujarat Pipavav Port Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Intimation regarding the ....30 Jul 2026 · Board Meeting / Board Meeting
Intimation regarding appointment of Chief Commercial Officer to be effective by mid-October 2026 attached17 Jul 2026 · Company Update / General
Operational Data for the Quarter ended 30th June 2026 attached13 Jul 2026 · Company Update / General
Appointment of Mrs. Harjeet Kaur Joshi as an Independent Director for a period of five years from 1st July 2026, subject to approval by shareholders is attached.30 Jun 2026 · Company Update / General
Intimation regarding Closure of Trading Window attached26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation regarding Record Date to determine Members eligible for Final Dividend attached28 May 2026 · Corp. Action / Record Date
Intimation regarding Appointment of Nominee Director Gujarat Maritime Board attached28 May 2026 · Company Update / General
Presentation to be made at the Webinar on 29th May 2026 attached28 May 2026 · Company Update / Analyst / Investor Meet
Audited Financial Results along with Unmodified Audit Report attached28 May 2026 · Board Meeting / Outcome of Board Meeting
Gujarat Pipavav Port Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Intimation regarding convening ....6 May 2026 · Board Meeting / Board Meeting
The intimation regarding resignation by the Chief Commercial Officer attached8 Apr 2026 · Company Update / General
The Operational Data of the Company for the quarter and financial year ended 31st March 2026 attached6 Apr 2026 · Company Update / General
Intimation regarding the closure of trading window is attached herewith please24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Presentation for the Analyst/ Investor Call attached10 Feb 2026 · Company Update / Analyst / Investor Meet
Unaudited Standalone and Consolidated Accounts for the Quarter and Nine Months ended 31st December 2025 along with Unmodified Limited Review Report by Statutory Auditors attached10 Feb 2026 · Result / Financial Results
Gujarat Pipavav Port Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2026 ,inter alia, to consider and approve Intimation regarding the ....2 Feb 2026 · Board Meeting / Board Meeting
Intimation regarding resignation by Mr. Rajkumar Beniwal, IAS as Director of the Company attached19 Jan 2026 · Company Update / Resignation of Director
Operational Data for the Quarter and Nine Months ended 31st December 2025 attached8 Jan 2026 · Company Update / General
Intimation regarding the Closure of Trading Window attached24 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Intimation attached regarding Non binding Memorandum of Understanding signed today by Gujarat Pipavav Port Limited with NYK India Private Limited for development of specialised RoRo infrastructure ....3 Dec 2025 · Company Update / General
Intimation regarding Investor Conference organised by Kotak Securities attached14 Nov 2025 · Company Update / Analyst / Investor Meet
Intimation regarding Investor Conference organised by JM Financial attached14 Nov 2025 · Company Update / Analyst / Investor Meet
The Company''s response to the email by BSE Surveillance received today is attached7 Nov 2025 · Company Update / General
The Exchange has sought clarification from Gujarat Pipavav Port Ltd on November 7, 2025, with reference to Movement in Volume.<BR><BR>The reply is awaited.7 Nov 2025 · Company Update / Clarification
The presentation to be made at Analyst/ Investor call to be held on 6th November 2025 attached5 Nov 2025 · Company Update / Analyst / Investor Meet
The Unaudited Standalone and Consolidated financial results for the quarter and half year ended 30th September 2025 along with Unmodified Limited Review Report by the Statutory Auditors ....5 Nov 2025 · Board Meeting / Outcome of Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 5.0000	2 Sep 2026	2 Sep 2026	—
Interim Dividend - Rs. - 5.4000	12 Nov 2025	12 Nov 2025	—
Final Dividend - Rs. - 4.2000	28 Aug 2025	28 Aug 2025	—
Interim Dividend - Rs. - 4.0000	19 Nov 2024	19 Nov 2024	—
Final Dividend - Rs. - 3.7000	14 Aug 2024	—	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results