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Gujarat Pipavav Port

NSEI:GPPL
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GPPL
NSEI
₹26B
Market Cap
  1. Home
  2. IN
  3. Transportation
Company description

Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
  • Gujarat Pipavav Port has significant price volatility in the past 3 months.
GPPL Share Price and Events
7 Day Returns
-2.2%
NSEI:GPPL
2.5%
IN Infrastructure
5.7%
IN Market
1 Year Returns
-44.7%
NSEI:GPPL
-37%
IN Infrastructure
-26.5%
IN Market
GPPL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gujarat Pipavav Port (GPPL) -2.2% -25.5% -40.2% -44.7% -67% -77.7%
IN Infrastructure 2.5% -22.4% -36.4% -37% -34.7% -35.3%
IN Market 5.7% -15.5% -26.4% -26.5% -18.9% -8.7%
1 Year Return vs Industry and Market
  • GPPL underperformed the Infrastructure industry which returned -37% over the past year.
  • GPPL underperformed the Market in India which returned -26.5% over the past year.
Price Volatility
GPPL
Industry
5yr Volatility vs Market

Value

 Is Gujarat Pipavav Port undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gujarat Pipavav Port to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gujarat Pipavav Port.

NSEI:GPPL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GPPL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 35%) (2.22%))
0.821
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (0.821 * 7.85%)
12.93%

Discounted Cash Flow Calculation for NSEI:GPPL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gujarat Pipavav Port is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:GPPL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 12.93%)
2020 2,831.75 Est @ 8.42% 2,507.64
2021 3,053.73 Est @ 7.84% 2,394.69
2022 3,280.65 Est @ 7.43% 2,278.19
2023 3,515.08 Est @ 7.15% 2,161.60
2024 3,759.24 Est @ 6.95% 2,047.15
2025 4,015.11 Est @ 6.81% 1,936.23
2026 4,284.45 Est @ 6.71% 1,829.64
2027 4,568.94 Est @ 6.64% 1,727.80
2028 4,870.12 Est @ 6.59% 1,630.90
2029 5,189.52 Est @ 6.56% 1,538.95
Present value of next 10 years cash flows ₹20,052.00
NSEI:GPPL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹5,189.52 × (1 + 6.48%) ÷ (12.93% – 6.48%)
₹85,737.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹85,737.52 ÷ (1 + 12.93%)10
₹25,425.49
NSEI:GPPL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹20,052.00 + ₹25,425.49
₹45,477.49
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹45,477.49 / 483.44
₹94.07
NSEI:GPPL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹94.07
Current discount Discount to share price of ₹53.70
= -1 x (₹53.70 - ₹94.07) / ₹94.07
42.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gujarat Pipavav Port is available for.
Intrinsic value
43%
Share price is ₹53.7 vs Future cash flow value of ₹94.07
Current Discount Checks
For Gujarat Pipavav Port to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gujarat Pipavav Port's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gujarat Pipavav Port's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gujarat Pipavav Port's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gujarat Pipavav Port's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GPPL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹6.68
NSEI:GPPL Share Price ** NSEI (2020-04-09) in INR ₹53.7
India Infrastructure Industry PE Ratio Median Figure of 7 Publicly-Listed Infrastructure Companies 6.13x
India Market PE Ratio Median Figure of 2,616 Publicly-Listed Companies 9.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gujarat Pipavav Port.

NSEI:GPPL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:GPPL Share Price ÷ EPS (both in INR)

= 53.7 ÷ 6.68

8.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Pipavav Port is overvalued based on earnings compared to the IN Infrastructure industry average.
  • Gujarat Pipavav Port is good value based on earnings compared to the India market.
Price based on expected Growth
Does Gujarat Pipavav Port's expected growth come at a high price?
Raw Data
NSEI:GPPL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-5.2%per year
Asia Infrastructure Industry PEG Ratio Median Figure of 50 Publicly-Listed Infrastructure Companies 1.16x
India Market PEG Ratio Median Figure of 399 Publicly-Listed Companies 0.85x

*Line of best fit is calculated by linear regression .

NSEI:GPPL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.03x ÷ -5.2%

-1.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Pipavav Port earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gujarat Pipavav Port's assets?
Raw Data
NSEI:GPPL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹46.05
NSEI:GPPL Share Price * NSEI (2020-04-09) in INR ₹53.7
India Infrastructure Industry PB Ratio Median Figure of 12 Publicly-Listed Infrastructure Companies 0.26x
India Market PB Ratio Median Figure of 3,614 Publicly-Listed Companies 0.65x
NSEI:GPPL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:GPPL Share Price ÷ Book Value per Share (both in INR)

= 53.7 ÷ 46.05

1.17x

* Primary Listing of Gujarat Pipavav Port.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Pipavav Port is overvalued based on assets compared to the IN Infrastructure industry average.
X
Value checks
We assess Gujarat Pipavav Port's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Gujarat Pipavav Port has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Gujarat Pipavav Port expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gujarat Pipavav Port expected to grow at an attractive rate?
  • Gujarat Pipavav Port's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 6.5%.
Growth vs Market Checks
  • Gujarat Pipavav Port's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Gujarat Pipavav Port's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:GPPL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:GPPL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -5.2%
NSEI:GPPL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.1%
Asia Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Asia Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
India Market Earnings Growth Rate Market Cap Weighted Average 19.5%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GPPL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GPPL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 7,921 3,033 3
2021-03-31 7,255 2,674 3
2020-04-09
2020-03-31 7,550 3,333 3
NSEI:GPPL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 7,536 3,232
2019-09-30 7,317 3,158 2,502
2019-06-30 7,036 2,365
2019-03-31 7,020 2,995 2,367
2018-03-31 6,489 3,146 2,210
2017-03-31 6,831 4,058 2,822

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gujarat Pipavav Port's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Gujarat Pipavav Port's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GPPL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Gujarat Pipavav Port Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GPPL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 5.88 6.27 5.48 2.00
2021-03-31 5.26 5.53 4.99 2.00
2020-04-09
2020-03-31 6.81 6.89 6.73 2.00
NSEI:GPPL Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 6.68
2019-09-30 5.18
2019-06-30 4.90
2019-03-31 4.90
2018-03-31 4.57
2017-03-31 5.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gujarat Pipavav Port is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gujarat Pipavav Port's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gujarat Pipavav Port has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gujarat Pipavav Port performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gujarat Pipavav Port's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gujarat Pipavav Port's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Gujarat Pipavav Port's 1-year earnings growth exceeds its 5-year average (38.8% vs -3.5%)
  • Gujarat Pipavav Port's earnings growth has exceeded the IN Infrastructure industry average in the past year (38.8% vs 29.8%).
Earnings and Revenue History
Gujarat Pipavav Port's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gujarat Pipavav Port Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GPPL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 7,535.61 3,232.31 36.09
2019-09-30 7,317.11 2,501.53 36.09
2019-06-30 7,035.89 2,364.66 36.09
2019-03-31 7,019.80 2,366.80 36.09
2018-03-31 6,489.00 2,210.14 30.72
2017-03-31 6,831.04 2,822.31 30.22
2016-03-31 6,599.54 2,274.93 31.98
2015-12-31 7,058.05 2,537.10 346.36
2015-09-30 7,232.67 2,897.27 346.36
2015-06-30 7,399.95 3,261.45 346.36
2015-03-31 7,229.41 3,262.58 346.36
2014-12-31 6,266.48 3,203.95
2014-09-30 6,298.52 3,081.39 261.44
2014-06-30 5,906.85 2,729.20 261.44
2014-03-31 5,479.21 2,174.12 261.44
2013-12-31 5,179.35 1,917.65 258.72
2013-09-30 4,972.12 1,506.90 258.98
2013-06-30 4,657.00 1,147.73 258.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gujarat Pipavav Port has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gujarat Pipavav Port used its assets more efficiently than the IN Infrastructure industry average last year based on Return on Assets.
  • Gujarat Pipavav Port's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gujarat Pipavav Port's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gujarat Pipavav Port has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gujarat Pipavav Port's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gujarat Pipavav Port's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gujarat Pipavav Port is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gujarat Pipavav Port's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gujarat Pipavav Port's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Gujarat Pipavav Port has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gujarat Pipavav Port Company Filings, last reported 3 months ago.

NSEI:GPPL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 22,232.06 576.87 5,956.10
2019-09-30 22,232.06 0.00 5,956.10
2019-06-30 21,974.30 0.00 5,332.69
2019-03-31 21,974.30 0.00 5,332.69
2018-03-31 21,594.46 0.00 4,303.30
2017-03-31 21,423.21 0.00 3,499.37
2016-03-31 20,870.85 0.00 2,960.52
2015-12-31 19,243.13 0.00 3,315.51
2015-09-30 19,243.13 0.00 3,315.51
2015-06-30 17,907.87 0.00 2,439.11
2015-03-31 17,907.87 0.00 2,439.11
2014-12-31 17,239.02 0.00 2,228.68
2014-09-30 15,450.60 2,697.50 3,260.29
2014-06-30 15,450.60 2,697.50 3,260.29
2014-03-31 14,035.07 3,038.75 2,023.07
2013-12-31 14,035.07 3,038.75 2,023.07
2013-09-30 12,823.59 2,933.13 882.46
2013-06-30 12,823.59 2,933.13 882.46
  • Gujarat Pipavav Port has no debt.
  • Gujarat Pipavav Port currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Gujarat Pipavav Port has no debt, it does not need to be covered by operating cash flow.
  • Gujarat Pipavav Port has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Gujarat Pipavav Port's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gujarat Pipavav Port has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Gujarat Pipavav Port's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.82%
Current annual income from Gujarat Pipavav Port dividends. Estimated to be 8.55% next year.
If you bought ₹2,000 of Gujarat Pipavav Port shares you are expected to receive ₹156 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gujarat Pipavav Port's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.89%).
  • Gujarat Pipavav Port's dividend is above the markets top 25% of dividend payers in India (3.79%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GPPL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
India Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 1.8%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 0.9%
India Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GPPL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 4.75 3.00
2021-03-31 4.43 3.00
2020-04-09
2020-03-31 5.14 3.00
NSEI:GPPL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2020-02-06 4.200 6.336
2019-10-24 4.200 4.850
2019-07-16 3.600 4.481
2019-05-15 3.600 4.231
2018-10-31 3.400 3.696
2018-08-09 3.400 3.238
2017-11-02 3.500 2.645
2017-05-11 3.600 2.523
2016-11-04 4.000 2.679
2016-05-19 1.900 1.114

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Gujarat Pipavav Port has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Gujarat Pipavav Port only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Gujarat Pipavav Port's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Gujarat Pipavav Port's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gujarat Pipavav Port afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gujarat Pipavav Port has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gujarat Pipavav Port's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jakob Sorensen
TENURE AS CEO 0.3 years
CEO Bio

Mr. Jakob Friis Sorensen has been the Managing Director and Director of Gujarat Pipavav Port Limited since January 1, 2020. Mr. Sorensen has been with AP Moller Maersk Group since 1987 when he started at the internal A. P Moller Shipping School in Copenhagen. Thereafter he has held various positions within the Group in Maersk Line, Maersk Logistics and Damco in Indonesia, Singapore, Malaysia, Japan and India. Mr. Sorensen holds an MBA from Henley Management College, London and has attended several Executive Management courses at IMD, Lausanne, Penn State University in the US as well as internal leadership development programs in AP Moller- Maersk Group.

CEO Compensation
  • Insufficient data for Jakob to compare compensation growth.
  • Insufficient data for Jakob to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Gujarat Pipavav Port management team in years:

6.2
Average Tenure
60
Average Age
  • The average tenure for the Gujarat Pipavav Port management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Santosh Breed

TITLE
GM of Finance & Accounts and CFO
COMPENSATION
₹10M
TENURE
2.4 yrs

Jakob Sorensen

TITLE
MD & Director
TENURE
0.3 yrs

Harsha Mashelkar

TITLE
Head of Human Resources

Manish Agnihotri

TITLE
Company Secretary & Compliance Officer

Jaspal Bakshi

TITLE
Head of Information Technology and Communications
COMPENSATION
₹4M
AGE
60

Mikito Shirai

TITLE
Head of Planning and Production Engineering
TENURE
11.8 yrs

Dinesh Lokapure

TITLE
Head of Bulk & Liquid Business
AGE
59
TENURE
9.9 yrs

Padmini Mishra

TITLE
Head of Bulk

Ashok Gole

TITLE
Executive of Marine Operations
COMPENSATION
₹3M
AGE
69
Board of Directors Tenure

Average tenure and age of the Gujarat Pipavav Port board of directors in years:

6.3
Average Tenure
69
Average Age
  • The tenure for the Gujarat Pipavav Port board of directors is about average.
Board of Directors

Tejpreet Chopra

TITLE
Independent Chairman
COMPENSATION
₹2M
AGE
50
TENURE
6.8 yrs

Jakob Sorensen

TITLE
MD & Director
TENURE
0.3 yrs

Pravin Laheri

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
74
TENURE
11.7 yrs

Pradeep Mallick

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
77
TENURE
7.6 yrs

Julian Bevis

TITLE
Non-Independent Non-Executive Director
AGE
69
TENURE
5.8 yrs

Hina Shah

TITLE
Independent Non-Executive Director
COMPENSATION
₹2M
AGE
71
TENURE
6.8 yrs

Keld Pedersen

TITLE
Non-Executive Director
COMPENSATION
₹67M
AGE
53
TENURE
4.9 yrs

Timothy Smith

TITLE
Non Independent Non Executive Director
AGE
55
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Gujarat Pipavav Port's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gujarat Pipavav Port has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Gujarat Pipavav Port Limited (NSE:GPPL) A Great Dividend Stock?

Is Gujarat Pipavav Port Limited (NSE:GPPL) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be highly rewarding in the long term. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. In this case, Gujarat Pipavav Port pays a decent-sized 4.6% dividend yield, and has been distributing cash to shareholders for the past three years. A high yield probably looks enticing, but investors are likely wondering about the short payment history. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Gujarat Pipavav Port paid out 71% of its profit as dividends, over the trailing twelve month period. … Gujarat Pipavav Port paid out 61% of its free cash flow last year, which is acceptable, but is starting to limit the amount of earnings that can be reinvested into the business.

Simply Wall St -

A Look At The Intrinsic Value Of Gujarat Pipavav Port Limited (NSE:GPPL)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (₹, Millions) ₹3.3b ₹2.8b ₹3.8b ₹4.2b ₹4.5b ₹4.9b ₹5.3b ₹5.7b ₹6.1b ₹6.6b Growth Rate Estimate Source Analyst x8 Analyst x8 Analyst x2 Est @ 8.92% Est @ 8.51% Est @ 8.22% Est @ 8.02% Est @ 7.88% Est @ 7.78% Est @ 7.71% Present Value (₹, Millions) Discounted @ 15.24% ₹2.9k ₹2.1k ₹2.5k ₹2.4k ₹2.2k ₹2.1k ₹2.0k ₹1.8k ₹1.7k ₹1.6k ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= ₹21.2b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 15.2%. … NSEI:GPPL Intrinsic value, August 21st 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Should You Be Impressed By Gujarat Pipavav Port Limited's (NSE:GPPL) ROE?

Check out our latest analysis for Gujarat Pipavav Port How Do You Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Gujarat Pipavav Port: 11% = ₹2.4b ÷ ₹22b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Gujarat Pipavav Port Have A Good Return On Equity?

Simply Wall St -

Gujarat Pipavav Port Limited (NSE:GPPL) Stock Goes Ex-Dividend In Just 3 Days

See our latest analysis for Gujarat Pipavav Port Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … Gujarat Pipavav Port has delivered 24% dividend growth per year on average over the past 3 years. … Gujarat Pipavav Port has struggled to grow its earnings per share, and while the company is paying out a majority of its earnings and cash flow in the form of dividends, the dividend payments don't appear unsustainable.

Simply Wall St -

Why I Like Gujarat Pipavav Port Limited (NSE:GPPL)

In the case of Gujarat Pipavav Port Limited (NSE:GPPL), there's is a well-regarded dividend payer that has been able to sustain great financial health over the past. … NSEI:GPPL Historical Debt, July 4th 2019 GPPL's high dividend payments make it one of the best dividend stocks on the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments. … NSEI:GPPL Historical Dividend Yield, July 4th 2019 Next Steps: For Gujarat Pipavav Port, there are three relevant aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for GPPL’s future growth?

Simply Wall St -

Why Gujarat Pipavav Port Limited’s (NSE:GPPL) Return On Capital Employed Is Impressive

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Gujarat Pipavav Port: 0.12 = ₹2.8b ÷ (₹25b - ₹2.3b) (Based on the trailing twelve months to March 2019.) So, Gujarat Pipavav Port has an ROCE of 12%. … Gujarat Pipavav Port's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … Gujarat Pipavav Port reports few current liabilities, which have a negligible impact on its unremarkable ROCE.

Simply Wall St -

Does Gujarat Pipavav Port Limited's (NSE:GPPL) 7.1% Earnings Growth Reflect The Long-Term Trend?

After looking at Gujarat Pipavav Port Limited's (NSE:GPPL) latest earnings announcement (31 March 2019), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … However, its return on assets (ROA) of 9.3% exceeds the IN Infrastructure industry of 5.8%, indicating Gujarat Pipavav Port has used its assets more efficiently. … You should continue to research Gujarat Pipavav Port to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for GPPL’s future growth?

Simply Wall St -

How Do Analysts See Gujarat Pipavav Port Limited (NSE:GPPL) Performing In The Next 12 Months?

On 31 March 2019, Gujarat Pipavav Port Limited (NSE:GPPL) released its earnings update. … View our latest analysis for Gujarat Pipavav Port How will Gujarat Pipavav Port perform in the near future? … NSEI:GPPL Past and Future Earnings, May 29th 2019 This results in an annual growth rate of 7.3% based on the most recent earnings level of ₹2.4b to the final forecast of ₹3.0b by 2022.

Simply Wall St -

Gujarat Pipavav Port Limited (NSE:GPPL): What's The Analyst Consensus Outlook?

The most recent earnings update Gujarat Pipavav Port Limited's (NSE:GPPL) released in March 2019 indicated that the company gained from a small tailwind, leading to a single-digit earnings growth of 7.1%. … Below, I've presented key growth figures on how market analysts view Gujarat Pipavav Port's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … See our latest analysis for Gujarat Pipavav Port Market analysts' prospects for this coming year seems rather subdued, with earnings rising by a single digit 5.4%.

Simply Wall St -

Gujarat Pipavav Port Limited (NSE:GPPL) Is Yielding 3.6% - But Is It A Buy?

Could Gujarat Pipavav Port Limited (NSE:GPPL) be an attractive dividend share to own for the long haul? … Gujarat Pipavav Port pays a 3.6% dividend yield, and has been paying dividends for the past three years. … There are a few simple ways to reduce the risks of buying Gujarat Pipavav Port for its dividend, and we'll go through these below.

Simply Wall St -

Company Info

Description

Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India. It provides port services, including marine services, berth hire, wharfage, container handling, yard operations, stevedorage, and other services. The company’s port handles container cargo, such as cotton, wood pulp, sesame seeds, cattle feeds, agricultural products, ceramic tiles, soda ash, auto parts, spices, capital goods, scrap, water paper, and electronics; bulk and break bulk cargo, such as coal, cement, clinker, fertilizers, steel, iron ore, and salt; and liquid cargo, including LPG, POL, chemicals, veg oil, bitumen, etc., as well as offers roll-on roll-off services. Gujarat Pipavav Port Limited was incorporated in 1992 and is based in Mumbai, India.

Details
Name: Gujarat Pipavav Port Limited
GPPL
Exchange: NSEI
Founded: 1992
₹25,960,723,167
483,439,910
Website: http://www.pipavav.com
Address: Gujarat Pipavav Port Limited
301, Trade Centre,
Bandra Kurla Complex,
Mumbai,
Maharashtra, 400098,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI GPPL Equity Shares National Stock Exchange of India IN INR 09. Sep 2010
BSE 533248 Equity Shares Mumbai Stock Exchange IN INR 09. Sep 2010
Number of employees
Current staff
Staff numbers
491
Gujarat Pipavav Port employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 13:51
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.