Gujarat State Petronet Ltd (GSPL) — shareholding pattern, promoter holding, financials and share price
About Gujarat State Petronet Ltd (GSPL)
Gujarat State Petronet Ltd operates in the Gas Transmission/Marketing industry, within the Oil, Gas & Consumable Fuels sector. It trades on the NSE as GSPL and on the BSE under scrip code 532702. Its ISIN is INE246F01010.
Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013. Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills. [1]
Gujarat State Petronet Ltd. (GSPL) is a leading energy infrastructure company specializing in the transportation of natural gas through a vast pipeline network in Gujarat, India. It connects major natural gas supply sources to demand centers across the state.
GSPL reported consolidated unaudited Q3 2025-26 financial performance with a gross income of Rs. 4187 crores, which indicates a decline compared to the previous quarters, affecting profitability metrics such as PAT which also decreased to Rs. 379 crores.
Listed peers in Gas Transmission/Marketing: Gujarat Energy Ltd, Indraprastha Gas Ltd, Mahanagar Gas Ltd, Energy Infrastructure Trust, Confidence Petroleum India Ltd, IRM Energy Ltd.
Valuation & Returns
At ₹268 a share, Gujarat State Petronet Ltd (GSPL) was valued at a price-to-earnings ratio of 14.42x against an industry P/E of 19.62x and a price-to-book of 1.27x on a book value of ₹211.64 per share. Solomo computes return on equity of 8.62% and return on capital employed of 17.47% from filed results.
- P/E
- 14.42x
- Industry P/E
- 19.62x
- P/B
- 1.27x
- EPS (TTM)
- ₹18.65
- Book value / share
- ₹211.64
- ROE
- 8.62%
- ROCE
- 17.47%
- ROA
- 7.23%
- Debt / equity
- 0.01x
- Dividend yield
- 1.86%
- EBITDA margin
- 17.13%
- 52-week range
- ₹226 – ₹347.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2025In the year ended Mar 2025, Gujarat State Petronet Ltd (GSPL) reported revenue of ₹17,370 crore, net profit of ₹1,637 crore and earnings per share of ₹19.69. That compares with revenue of ₹17,295 crore and net profit of ₹2,184 crore in Mar 2024. Figures are consolidated, as filed with the exchanges.
In the quarter ended Dec 2025, revenue was ₹3,885 crore and net profit ₹379 crore (consolidated).
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 11,535 | 17,991 | 18,117 | 17,295 | 17,370 |
| Net profit (₹ cr) | 2,192 | 2,231 | 2,342 | 2,184 | 1,637 |
| EPS (₹) | 28.48 | 29.04 | 29.09 | 29.41 | 19.69 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 1.27% | -14.01% | -18.07% | 0.44% |
| Profit growth | 6.84% | -6.18% | -6.21% | -25.02% |
| Stock price CAGR | 8% | -4% | -3% | -19% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 37.63% of Gujarat State Petronet Ltd (GSPL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 15.54% and domestic institutional investors (DII) hold 25.48%. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2006.
Largest disclosed public shareholders in Mar 2026: MIRAE ASSET NIFTY INDIA INFRASTRUCTURE AND LOGISTI 7.3%, GUJARAT MARITIME BOARD 6.57%, ICICI PRUDENTIAL BUSINESS CYCLE FUND 5.97%, SBI ELSS TAX SAVER FUND 4.44%, GOVERNMENT PENSION FUND GLOBAL 2.49%, GUJARAT URJA VIKAS NIGAM LIMITED 2.01%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 37.63% | - | 15.54% | 25.48% | 62.37% |
| Dec 2025 | 37.63% | - | 15.49% | 25.2% | 62.37% |
| Sep 2025 | 37.63% | - | 15.47% | 25.22% | 62.37% |
| Jun 2025 | 37.63% | - | 15.11% | 25.69% | 62.37% |
| Mar 2025 | 37.63% | - | 14.75% | 25.8% | 62.37% |
| Dec 2024 | 37.63% | - | 14.67% | 25.79% | 62.37% |
| Sep 2024 | 37.63% | - | 15.21% | 24.87% | 62.37% |
| Jun 2024 | 37.63% | - | 15.85% | 23.57% | 62.37% |