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GUJARAT STATE PETROLEUM CORPORATION LIMITED

Active
Updated: 15 Oct 2024

Gujarat State Petroleum Corporation Limited, is an unlisted public company incorporated on 29 January, 1979. It is classified as a State government company and is located in Gandhinagar, Gujarat. It's authorized share capital is INR 1,200.00 cr and the total paid-up capital is INR 1,075.65 cr.

Gujarat State Petroleum Corporation Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 97.77% over the previous year. At the same time, it's book networth has increased by 101.03%.

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Industry

Manufacturing (Metals & Chemicals and their products)
Products
  • oil and gas
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue
-32.87%
₹ 18,710.0
EBITDA
-66.23%
₹ 1,091.3
Net Profit
-58.42%
₹ 1,241.9
Networth
21.11%
₹ 7,180.2
Borrowings
-
₹ -
Assets
21.61%
₹ 10,170.3
Gross Margin
-5.51
6.8 %
Operating Margin
-5.76
5.9 %
Net Profit Margin
-4.08
6.6 %
Return on Equity
-33.08
17.3 %
ROCE
-177.32
38.5 %
Debt to Equity
-
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (22)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • PAYABLES DETERIORATING
  • REVENUE BELOW AVERAGE
Low Risk
  • LOW INVENTORY
  • GROSS MARGINS DETERIORATING
  • ROCE DETERIORATING
  • REVENUE DECLINE
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 15,232.4 13,579.8 24,365.0 27,698.3 18,452.7
Operating profit 1,589.8 1,136.1 1,634.2 3,231.9 1,091.3
Net profit 366.4 738.8 1,183.7 2,987.0 1,241.9
Gross margin 11.4 9.1 7.2 12.3 6.8
Operating margin 10.4 8.4 6.7 11.7 5.9
Net margin 2.4 5.4 4.8 10.7 6.6
Networth 1,031.5 1,770.3 2,949.2 5,928.9 7,180.2
Borrowings 5,562.2 4,244.8 3,730.1 - -
Assets 8,675.9 8,364.1 9,573.8 8,363.3 10,170.3
Debt to equity 5.4 2.4 1.3 0.0 0.0
Current ratio 1.4 1.1 1.4 1.2 1.6
ROE 35.5 41.7 40.1 50.4 17.3
Days payable 19.0 32.0 25.0 26.0 48.0
WC days 20.0 6.0 18.0 7.0 36.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1,075.7 1,075.7 1,075.7 1,075.7 1,075.7
Reserves -44.2 694.7 1,873.5 4,853.2 6,104.5
Borrowings + 5,562.2 4,244.8 3,730.1 - -
Long term borrowings 5,412.5 4,144.8 3,630.1 - -
Short term borrowings 149.7 100.0 100.0 - -
Trade payables + 700.4 1,085.7 1,519.4 1,737.5 2,254.8
Days payable 19.0 32.0 25.0 26.0 48.0
Other liabilities + 2,082.2 2,349.0 2,894.5 2,434.4 2,990.2
Other non-current liabilities 256.3 139.3 93.0 105.1 98.3
Other current liabilities 1,125.5 1,124.0 1,282.0 591.8 637.0
Total liabilities 8,675.9 8,364.1 9,573.8 8,363.3 10,170.3
Fixed Assets + 1,253.8 1,225.4 1,080.8 965.1 898.5
Tangible assets 879.2 851.6 895.2 788.5 721.1
CWIP 373.3 372.6 184.6 175.5 176.6
Intangible assets 1.3 1.2 1.0 1.1 0.8
LT loans and advances 7.0 5.4 4.3 3.4 3.5
Other non-current assets 4,591.6 4,586.5 4,366.1 4,551.8 4,574.6
Current assets + 2,823.4 2,546.7 4,122.6 2,842.9 4,693.7
Inventories 99.1 292.3 357.8 462.1 557.5
Trade receivables 818.6 871.0 1,671.7 995.5 1,249.9
Cash and cash equivalents 413.2 184.4 73.0 278.9 1,207.5
ST loans and advances 48.4 57.6 43.5 46.7 51.3
Other current assets 1,444.2 1,141.4 1,976.7 1,059.8 1,627.4
Total assets 8,675.9 8,364.1 9,573.8 8,363.3 10,170.3
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 15,232.4 13,579.8 24,365.0 27,698.3 18,452.7
Sales growth % 6.01 -10.85 79.42 13.68 -33.38
Expenses + 14,429.9 12,907.3 23,127.2 24,755.7 17,435.2
Cost of goods 13,495.8 12,346.1 22,615.6 24,290.0 17,198.2
Employee cost 17.5 12.2 13.1 27.1 18.9
Other costs 129.2 85.3 102.0 149.2 144.2
Operating profit + 1,589.8 1,136.1 1,634.2 3,231.9 1,091.3
Operating margin % 10.4 8.4 6.7 11.7 5.9
Other income 115.9 209.4 194.8 174.7 257.3
Interest 650.1 414.0 355.4 248.8 22.0
Depreciation 137.3 49.6 41.1 40.5 51.7
Exceptional items -552.0 -143.2 -249.0 -130.4 -34.5
Profit before tax 366.4 738.6 1,183.5 2,986.9 1,240.4
Tax - -0.1 -0.2 -0.1 -1.5
Profit - disc. ops - - - - -
Net profit 366.4 738.8 1,183.7 2,987.0 1,241.9
Net margin % 2.4 5.4 4.8 10.7 6.6
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 5.4 2.4 1.3 0.0 0.0
Net Debt/Equity 5.0 2.3 1.2 0.0 0.0
Total Debt/Assets 0.6 0.5 0.4 0.0 0.0
Total Assets/Equity 8.4 4.7 3.2 1.4 1.4
Liquidity +
Current Ratio 1.4 1.1 1.4 1.2 1.6
Quick Ratio 1.4 1.0 1.3 1.0 1.4
Interest Coverage 2.5 2.7 4.6 13.0 49.6
Performance
Gross Margin 11.4 9.1 7.2 12.3 6.8
Operating Margin 10.4 8.4 6.7 11.7 5.9
Net Margin 2.4 5.4 4.8 10.7 6.6
Return +
Return on Equity 35.5 41.7 40.1 50.4 17.3
Pre-tax ROCE 69.1 74.3 69.2 215.8 38.5
Return on Assets 4.2 8.8 12.4 35.7 12.2
Pre-tax ROIC 23.5 18.6 24.1 53.8 14.5
Efficiency +
Days Payable 19.0 32.0 25.0 26.0 48.0
Days Inventory 3.0 9.0 6.0 7.0 12.0
Days Receivable 20.0 23.0 25.0 13.0 25.0
Fixed Asset Turnover 12.2 11.1 22.5 28.7 20.5
Total Asset Turnover 1.8 1.6 2.5 3.3 1.8
Working Capital
Cash Conversion Cycle 4.0 0.0 6.0 -6.0 -11.0
Working Capital Days 20.0 6.0 18.0 7.0 36.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation Name DIN/PAN Tenure
Director Ravindra Harshadrai Dholakia 00069396 10 years
Director Raj Kumar 00294527 3 years
Director Thiruvenkadam Natarajan 00396367 1 years
Director Narasimhan Ravichandran 02065298 15 years
Director Manmohan Srivastava 02190050 13 years
Director Syed Jawaid Haider 02879522 1 years
Director Milind Shivaram Torawane 03632394 2 years
Director Yogesh Singh 06600055 10 years
CFO Rajesh Narayanan Sivadasan <HIDDEN> 8 years
Director Vanaja Narayanan Sarna 10419005 1 years
CS Reena Kiranbhai Desai <HIDDEN> 5 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
ADANI TRANSMISSION (INDIA) LIMITED
Active
1,310.0 Cr 1 Gujarat
ADANI ENERGY SOLUTIONS LIMITED
Active
1,115.5 Cr 1 Gujarat
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED
Active
434.5 Cr 1 Gujarat
GUJARAT INDUSTRIES POWER COMPANY LTD.
Active
151.3 Cr 1 Gujarat
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED
Active
79.7 Cr 4 Gujarat
GSPL INDIA TRANSCO LIMITED
Active
607.0 Cr 2 Gujarat
SARDAR SAROVAR NARMADA NIGAM LIMITED
Active
71,181.2 Cr 1 Gujarat
GUJARAT STATE POLICE HOUSING CORPORATION LIMITED
Active
50.0 Cr 1 Gujarat
DIAMOND RESEARCH AND MERCANTILE CITY LIMITED
Active
100.0 Cr 1 Gujarat
GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LIMITED
Active
146.9 Cr 4 Gujarat
GUJARAT GAS LIMITED
Active
137.7 Cr 6 Gujarat
GUJARAT STATE PETRONET LIMITED
Active
564.2 Cr 4 Gujarat
NARMADA CHEMATUR PETROCHEMICALS LTD
Amalgamated
61.6 Cr 1 Gujarat
GUJARAT METRO RAIL CORPORATION (GMRC) LIMITED
Active
5,638.9 Cr 1 Gujarat
GUJARAT STATE INVESTMENT LIMITED
Active
1,042.8 Cr 1 Gujarat
GUJARAT STATE FINANCIAL SERVICES LTD
Active
188.0 Cr 1 Gujarat
GUJARAT ALKALIES AND CHEMICALS LIMITED
Active
73.4 Cr 1 Gujarat
ADF FOODS LIMITED
Active
22.0 Cr 1 Gujarat
GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED
Active
63.6 Cr 1 Gujarat
GANDHINAGAR RAILWAY AND URBAN DEVELOPMENT CORPORATION LIMITED
Active
30.4 Cr 1 Gujarat
GUJARAT RAIL INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED
Active
99.0 Cr 1 Gujarat
DAHEJ SEZ LIMITED
Active
46.0 Cr 1 Gujarat
GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED
Active
1,120.6 Cr 1 Gujarat
GSPC PIPAVAV POWER COMPANY LIMITED
Active
861.8 Cr 1 Gujarat
BHAVNAGAR ENERGY COMPANY LIMITED
Amalgamated
1,054.0 Cr 1 Gujarat
GUJARAT STATE ENERGY GENERATION LIMITED
Active
507.2 Cr 1 Gujarat
GSPC LNG LIMITED
Active
1,270.1 Cr 1 Gujarat
SABARMATI GAS LIMITED
Active
20.0 Cr 1 Gujarat
PETRONET LNG LIMITED
Active
1,500.0 Cr 1 Delhi
GSPC (JPDA) LIMITED
Active
117.1 Cr 2 Gujarat
UDHMODYA FOUNDATION
Active
15.0 L 1 Delhi
UNIVERSITY OF DELHI FOUNDATION
Active
15.0 L 1 Delhi
SUBROS LIMITED
Active
13.0 Cr 1 Delhi

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
GUJARAT STATE PETRONET LIMITED Gujarat 1998 ₹ 564.2 Cr
GUJ INFO PETRO LIMITED Gujarat 2001 ₹ 5.0 L
GSPC PIPAVAV POWER COMPANY LIMITED Gujarat 2006 ₹ 861.8 Cr
GSPC (JPDA) LIMITED Gujarat 2006 ₹ 117.1 Cr
GUJARAT GAS LIMITED Gujarat 2012 ₹ 137.7 Cr
GSPC ENERGY LIMITED Gujarat 2015 ₹ 5.0 L
GSPL INDIA GASNET LIMITED Gujarat 2011 ₹ 1,892.0 Cr
GSPL INDIA TRANSCO LIMITED Gujarat 2011 ₹ 607.0 Cr

Registered Details

CIN

U23209GJ1979SGC003281

PAN

AABCG4502F

Incorporation

1979, 46.3 years

Company Email

reena@gspc.in

Paid up Capital

₹ 1,075.7 Cr

Authorised Capital

₹ 1,200.0 Cr

AGM

Dec 2023

Type

Public
State Government Company

FAQ - GUJARAT STATE PETROLEUM CORPORATION LIMITED

What is the incorporation date of GUJARAT STATE PETROLEUM CORPORATION LIMITED?

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The incorporation date of GUJARAT STATE PETROLEUM CORPORATION LIMITED is 29 January, 1979

What is the authorized share capital of GUJARAT STATE PETROLEUM CORPORATION LIMITED?

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The authorized share capital of GUJARAT STATE PETROLEUM CORPORATION LIMITED is INR ₹ 1,200.0 Cr.

What is the paid-up capital of GUJARAT STATE PETROLEUM CORPORATION LIMITED?

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The paid-up capital of GUJARAT STATE PETROLEUM CORPORATION LIMITED is INR ₹ 1,075.7 Cr.

What is the registered address of GUJARAT STATE PETROLEUM CORPORATION LIMITED?

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The registered address of GUJARAT STATE PETROLEUM CORPORATION LIMITED is GSPC BHWAN, BEHIND UDYOG BHAWAN, SECTOR-11 GANDHINAGAR Gujarat - 382011

What is the CIN number of GUJARAT STATE PETROLEUM CORPORATION LIMITED?

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The CIN number of GUJARAT STATE PETROLEUM CORPORATION LIMITED is U23209GJ1979SGC003281.

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