Gujarat Industries Power Company Limited
Gujarat Industries Power Company Limited engages in the generation, transmission, and distribution of electricity to power purchasing companies in India. The company generates power through gas, lignite, wind, and solar power plants with combined installed capacity of 1184.4 MW. The company was incorporated in 1985 and is based in Vadodara, India.
Gujarat Industries Power Company Limited (GIPCL) - Net Assets
Latest net assets as of September 2025: ₹35.36 Billion INR
Based on the latest financial reports, Gujarat Industries Power Company Limited (GIPCL) has net assets worth ₹35.36 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹85.80 Billion) and total liabilities (₹50.44 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹35.36 Billion |
| % of Total Assets | 41.21% |
| Annual Growth Rate | 9.61% |
| 5-Year Change | 23.43% |
| 10-Year Change | 73.3% |
| Growth Volatility | 13.04 |
Gujarat Industries Power Company Limited - Net Assets Trend (2005–2025)
This chart illustrates how Gujarat Industries Power Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gujarat Industries Power Company Limited (2005–2025)
The table below shows the annual net assets of Gujarat Industries Power Company Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹35.24 Billion | +6.60% |
| 2024-03-31 | ₹33.06 Billion | +4.79% |
| 2023-03-31 | ₹31.54 Billion | +3.61% |
| 2022-03-31 | ₹30.44 Billion | +6.63% |
| 2021-03-31 | ₹28.55 Billion | +3.89% |
| 2020-03-31 | ₹27.48 Billion | +6.90% |
| 2019-03-31 | ₹25.71 Billion | +7.98% |
| 2018-03-31 | ₹23.81 Billion | +6.47% |
| 2017-03-31 | ₹22.36 Billion | +9.97% |
| 2016-03-31 | ₹20.33 Billion | +10.71% |
| 2015-03-31 | ₹18.37 Billion | +4.60% |
| 2014-03-31 | ₹17.56 Billion | +8.78% |
| 2013-03-31 | ₹16.14 Billion | +12.13% |
| 2012-03-31 | ₹14.39 Billion | +5.45% |
| 2011-03-31 | ₹13.65 Billion | +9.55% |
| 2010-03-31 | ₹12.46 Billion | +5.30% |
| 2009-03-31 | ₹11.83 Billion | +4.08% |
| 2008-03-31 | ₹11.37 Billion | +5.38% |
| 2007-03-31 | ₹10.79 Billion | +15.92% |
| 2006-03-31 | ₹9.31 Billion | +65.47% |
| 2005-03-31 | ₹5.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gujarat Industries Power Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 54.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹2.07 Billion | 5.87% |
| Common Stock | ₹1.55 Billion | 4.40% |
| Other Comprehensive Income | ₹27.43 Billion | 77.84% |
| Other Components | ₹4.19 Billion | 11.89% |
| Total Equity | ₹35.24 Billion | 100.00% |
Gujarat Industries Power Company Limited Competitors by Market Cap
The table below lists competitors of Gujarat Industries Power Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PChome Online
TWO:8044
|
$83.38 Million |
|
Cymechs Inc
KQ:160980
|
$83.41 Million |
|
Metropolitan Land Tbk
JK:MTLA
|
$83.43 Million |
|
AA Industrial Belting
SHG:603580
|
$83.47 Million |
|
Peak Rare EARTHS Ltd
AU:PEK
|
$83.27 Million |
|
C.P. Tower Growth Leasehold Property Fund
BK:CPTGF
|
$83.24 Million |
|
Skel fjárfestingafélag hf.
IC:SKEL
|
$83.24 Million |
|
G Willi-Food International Ltd
NASDAQ:WILC
|
$83.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gujarat Industries Power Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,055,123,000 to 35,238,032,000, a change of 2,182,909,000 (6.6%).
- Net income of 2,114,341,000 contributed positively to equity growth.
- Dividend payments of 597,442,000 reduced retained earnings.
- Share repurchases of 900,000,000 reduced equity.
- New share issuances of 900,000,000 increased equity.
- Other comprehensive income increased equity by 26,130,348,000.
- Other factors decreased equity by 25,464,338,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.11 Billion | +6.0% |
| Dividends Paid | ₹597.44 Million | -1.7% |
| Share Repurchases | ₹900.00 Million | -2.55% |
| Share Issuances | ₹900.00 Million | +2.55% |
| Other Comprehensive Income | ₹26.13 Billion | +74.15% |
| Other Changes | ₹-25.46 Billion | -72.26% |
| Total Change | ₹- | 6.60% |
Book Value vs Market Value Analysis
This analysis compares Gujarat Industries Power Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.56x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.57x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹50.76 | ₹130.33 | x |
| 2006-03-31 | ₹72.72 | ₹130.33 | x |
| 2007-03-31 | ₹71.33 | ₹130.33 | x |
| 2008-03-31 | ₹75.17 | ₹130.33 | x |
| 2009-03-31 | ₹78.24 | ₹130.33 | x |
| 2010-03-31 | ₹82.38 | ₹130.33 | x |
| 2011-03-31 | ₹90.25 | ₹130.33 | x |
| 2012-03-31 | ₹95.17 | ₹130.33 | x |
| 2013-03-31 | ₹106.71 | ₹130.33 | x |
| 2014-03-31 | ₹116.09 | ₹130.33 | x |
| 2015-03-31 | ₹121.43 | ₹130.33 | x |
| 2016-03-31 | ₹134.44 | ₹130.33 | x |
| 2017-03-31 | ₹147.84 | ₹130.33 | x |
| 2018-03-31 | ₹157.40 | ₹130.33 | x |
| 2019-03-31 | ₹169.96 | ₹130.33 | x |
| 2020-03-31 | ₹181.69 | ₹130.33 | x |
| 2021-03-31 | ₹188.76 | ₹130.33 | x |
| 2022-03-31 | ₹201.28 | ₹130.33 | x |
| 2023-03-31 | ₹208.55 | ₹130.33 | x |
| 2024-03-31 | ₹218.54 | ₹130.33 | x |
| 2025-03-31 | ₹232.82 | ₹130.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gujarat Industries Power Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.83%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.15x
- Recent ROE (6.00%) is below the historical average (9.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 18.43% | 13.92% | 0.45x | 2.97x | ₹474.21 Million |
| 2006 | 12.34% | 15.18% | 0.40x | 2.04x | ₹217.40 Million |
| 2007 | 16.95% | 22.99% | 0.42x | 1.77x | ₹750.21 Million |
| 2008 | 9.00% | 10.93% | 0.43x | 1.93x | ₹-114.09 Million |
| 2009 | 7.21% | 7.39% | 0.46x | 2.11x | ₹-330.21 Million |
| 2010 | 8.57% | 11.37% | 0.33x | 2.26x | ₹-178.23 Million |
| 2011 | 11.94% | 15.01% | 0.37x | 2.16x | ₹264.42 Million |
| 2012 | 8.22% | 9.10% | 0.44x | 2.06x | ₹-255.88 Million |
| 2013 | 13.56% | 15.45% | 0.48x | 1.83x | ₹574.16 Million |
| 2014 | 10.59% | 13.51% | 0.46x | 1.70x | ₹103.95 Million |
| 2015 | 6.88% | 10.40% | 0.40x | 1.64x | ₹-573.18 Million |
| 2016 | 9.26% | 13.92% | 0.43x | 1.55x | ₹-150.63 Million |
| 2017 | 10.25% | 17.49% | 0.38x | 1.53x | ₹56.43 Million |
| 2018 | 6.97% | 12.22% | 0.37x | 1.56x | ₹-720.21 Million |
| 2019 | 6.86% | 12.59% | 0.37x | 1.49x | ₹-806.70 Million |
| 2020 | 9.02% | 18.05% | 0.35x | 1.43x | ₹-268.23 Million |
| 2021 | 6.30% | 13.48% | 0.32x | 1.45x | ₹-1.06 Billion |
| 2022 | 5.63% | 14.68% | 0.27x | 1.45x | ₹-1.33 Billion |
| 2023 | 5.98% | 13.92% | 0.30x | 1.42x | ₹-1.27 Billion |
| 2024 | 6.01% | 14.72% | 0.26x | 1.58x | ₹-1.32 Billion |
| 2025 | 6.00% | 16.83% | 0.17x | 2.15x | ₹-1.41 Billion |
Industry Comparison
This section compares Gujarat Industries Power Company Limited's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $239,658,798,038
- Average return on equity (ROE) among peers: 5.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gujarat Industries Power Company Limited (GIPCL) | ₹35.36 Billion | 18.43% | 1.43x | $83.34 Million |
| BAJEL PROJECTS LTD (BAJEL) | $6.66 Billion | 2.32% | 2.11x | $28.31 Million |
| CESC Limited (CESC) | $45.37 Billion | 5.89% | 0.97x | $1.21 Billion |
| DPSC Limited (DPSCLTD) | $8.80 Billion | 0.80% | 1.07x | $11.79 Million |
| Energy Development Company Limited (ENERGYDEV) | $3.28 Billion | -4.25% | 0.50x | $3.40 Million |
| NLC India Limited (NLCINDIA) | $138.71 Billion | 10.87% | 2.26x | $997.91 Million |
| NTPC Limited (NTPC) | $1.05 Trillion | 10.09% | 1.63x | $19.17 Billion |
| Power Grid Corporation of India Limited (POWERGRID) | $429.68 Billion | 14.00% | 3.23x | $14.91 Billion |