Gujarat Pipavav Port Limited
Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India. The company provides port services, including marine, berth hire, wharfage, yard operation, stevedorage, and other services. Its port handles bulk and break-bulk cargo comprising coal, cement, clinker, fertilizers, steel, iron ore, agri-products, salt, and soda ash; and liqui… Read more
Gujarat Pipavav Port Limited (GPPL) - Net Assets
Latest net assets as of September 2025: ₹23.99 Billion INR
Based on the latest financial reports, Gujarat Pipavav Port Limited (GPPL) has net assets worth ₹23.99 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 (₹29.61 Billion) and total liabilities (₹5.63 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 | ₹23.99 Billion |
| % of Total Assets | 81.0% |
| Annual Growth Rate | 8.74% |
| 5-Year Change | 4.38% |
| 10-Year Change | 16.73% |
| Growth Volatility | 251.82 |
Gujarat Pipavav Port Limited - Net Assets Trend (2004–2025)
This chart illustrates how Gujarat Pipavav Port 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 Pipavav Port Limited (2004–2025)
The table below shows the annual net assets of Gujarat Pipavav Port Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹23.37 Billion | +1.03% |
| 2024-03-31 | ₹23.13 Billion | +0.11% |
| 2023-03-31 | ₹23.11 Billion | +3.00% |
| 2022-03-31 | ₹22.43 Billion | +0.19% |
| 2021-03-31 | ₹22.39 Billion | -2.14% |
| 2020-03-31 | ₹22.88 Billion | +4.13% |
| 2019-03-31 | ₹21.97 Billion | +1.76% |
| 2018-03-31 | ₹21.59 Billion | +0.80% |
| 2017-03-31 | ₹21.42 Billion | +7.00% |
| 2016-03-31 | ₹20.02 Billion | +7.65% |
| 2015-03-31 | ₹18.60 Billion | +32.53% |
| 2014-03-31 | ₹14.04 Billion | +15.83% |
| 2013-03-31 | ₹12.12 Billion | -22.70% |
| 2012-03-31 | ₹15.68 Billion | 0.00% |
| 2011-03-31 | ₹15.68 Billion | +409.15% |
| 2010-03-31 | ₹3.08 Billion | -70.48% |
| 2009-03-31 | ₹10.43 Billion | -2.18% |
| 2008-03-31 | ₹10.66 Billion | +1116.12% |
| 2007-03-31 | ₹876.55 Million | -33.00% |
| 2006-03-31 | ₹1.31 Billion | -71.19% |
| 2005-03-31 | ₹4.54 Billion | +12.87% |
| 2004-03-31 | ₹4.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gujarat Pipavav Port 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 grown by 424872000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹4.25 Billion | 18.18% |
| Common Stock | ₹4.83 Billion | 20.68% |
| Other Components | ₹14.29 Billion | 61.14% |
| Total Equity | ₹23.37 Billion | 100.00% |
Gujarat Pipavav Port Limited Competitors by Market Cap
The table below lists competitors of Gujarat Pipavav Port Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NORMA Group SE
OTCGREY:NOEJF
|
$475.81 Million |
|
MORIMATSU INT.H.C. (HK)
F:1S5
|
$475.81 Million |
|
Cisen Pharmaceutical Co Ltd
SHG:603367
|
$475.84 Million |
|
Topdanmark AS
PINK:TPDKY
|
$476.09 Million |
|
Xiandai Investment Co Ltd
SHE:000900
|
$475.65 Million |
|
Chengdu XGimi Technology Co. Ltd. A
SHG:688696
|
$475.58 Million |
|
Georgia Capital PLC
PINK:GRGCF
|
$475.57 Million |
|
Fulgent Sun International Holding Co Ltd
TW:9802
|
$475.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gujarat Pipavav Port Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,133,220,000 to 23,371,990,000, a change of 238,770,000 (1.0%).
- Net income of 3,968,960,000 contributed positively to equity growth.
- Dividend payments of 3,722,490,000 reduced retained earnings.
- Other comprehensive income decreased equity by 18,298,820,000.
- Other factors increased equity by 18,291,120,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹3.97 Billion | +16.98% |
| Dividends Paid | ₹3.72 Billion | -15.93% |
| Other Comprehensive Income | ₹-18.30 Billion | -78.29% |
| Other Changes | ₹18.29 Billion | +78.26% |
| Total Change | ₹- | 1.03% |
Book Value vs Market Value Analysis
This analysis compares Gujarat Pipavav Port 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: 3.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 22.28x to 3.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹6.83 | ₹152.15 | x |
| 2007-03-31 | ₹4.31 | ₹152.15 | x |
| 2008-03-31 | ₹42.32 | ₹152.15 | x |
| 2009-03-31 | ₹35.51 | ₹152.15 | x |
| 2010-03-31 | ₹10.12 | ₹152.15 | x |
| 2011-03-31 | ₹44.75 | ₹152.15 | x |
| 2012-03-31 | ₹37.01 | ₹152.15 | x |
| 2013-03-31 | ₹26.80 | ₹152.15 | x |
| 2014-03-31 | ₹29.03 | ₹152.15 | x |
| 2015-03-31 | ₹38.48 | ₹152.15 | x |
| 2016-03-31 | ₹41.42 | ₹152.15 | x |
| 2017-03-31 | ₹44.31 | ₹152.15 | x |
| 2018-03-31 | ₹44.67 | ₹152.15 | x |
| 2019-03-31 | ₹45.45 | ₹152.15 | x |
| 2020-03-31 | ₹47.33 | ₹152.15 | x |
| 2021-03-31 | ₹46.32 | ₹152.15 | x |
| 2022-03-31 | ₹46.41 | ₹152.15 | x |
| 2023-03-31 | ₹47.80 | ₹152.15 | x |
| 2024-03-31 | ₹47.85 | ₹152.15 | x |
| 2025-03-31 | ₹48.45 | ₹152.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gujarat Pipavav Port 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): 16.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.18%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.26x
- Recent ROE (16.98%) is above the historical average (0.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -40.17% | -77.71% | 0.10x | 5.19x | ₹-656.34 Million |
| 2007 | -59.13% | -38.41% | 0.16x | 9.77x | ₹-606.00 Million |
| 2008 | -7.60% | -53.43% | 0.08x | 1.75x | ₹-1.88 Billion |
| 2009 | -8.11% | -49.07% | 0.09x | 1.92x | ₹-1.89 Billion |
| 2010 | -38.22% | -53.70% | 0.14x | 5.03x | ₹-1.48 Billion |
| 2011 | -3.49% | -19.27% | 0.11x | 1.59x | ₹-2.11 Billion |
| 2012 | 3.64% | 14.39% | 0.17x | 1.50x | ₹-996.51 Million |
| 2013 | 6.10% | 19.91% | 0.22x | 1.37x | ₹-472.13 Million |
| 2014 | 13.66% | 40.49% | 0.25x | 1.33x | ₹514.14 Million |
| 2015 | 17.54% | 45.13% | 0.34x | 1.14x | ₹1.40 Billion |
| 2016 | 13.40% | 43.31% | 0.25x | 1.23x | ₹681.11 Million |
| 2017 | 13.17% | 45.28% | 0.25x | 1.15x | ₹679.99 Million |
| 2018 | 10.24% | 37.13% | 0.24x | 1.14x | ₹50.99 Million |
| 2019 | 10.77% | 35.97% | 0.26x | 1.16x | ₹169.37 Million |
| 2020 | 13.96% | 46.54% | 0.26x | 1.15x | ₹906.16 Million |
| 2021 | 9.91% | 32.47% | 0.26x | 1.18x | ₹-19.65 Million |
| 2022 | 8.80% | 26.54% | 0.27x | 1.22x | ₹-270.20 Million |
| 2023 | 13.55% | 34.15% | 0.32x | 1.24x | ₹820.67 Million |
| 2024 | 14.78% | 37.15% | 0.31x | 1.27x | ₹1.11 Billion |
| 2025 | 16.98% | 40.18% | 0.34x | 1.26x | ₹1.63 Billion |
Industry Comparison
This section compares Gujarat Pipavav Port Limited's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $39,587,448,500
- Average return on equity (ROE) among peers: 13.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gujarat Pipavav Port Limited (GPPL) | ₹23.99 Billion | -40.17% | 0.23x | $475.75 Million |
| Adani Ports and Special Economic Zone Limited (ADANIPORTS) | $65.39 Billion | 23.52% | 2.22x | $12.97 Billion |
| Essar Shipping Limited (ESSARSHPNG) | $33.33 Billion | -16.51% | 2.05x | $15.09 Million |
| The Great Eastern Shipping Company Limited (GESHIP) | $77.05 Billion | 11.92% | 0.84x | $1.63 Billion |
| JSW Infrastructure Limited (JSWINFRA) | $104.89 Billion | 14.33% | 0.61x | $798.47 Million |
| Knowledge Marine & Engineering Works Limited (KMEW) | $1.70 Billion | 18.01% | 0.52x | $154.38 Million |
| Shipping Corporation Of India Limited (SCI) | $23.97 Billion | 26.16% | 1.11x | $488.30 Million |
| Seamec Limited (SEAMECLTD) | $2.38 Billion | 24.65% | 0.16x | $86.84 Million |
| Transworld Shipping Lines Limited (TRANSWORLD) | $8.00 Billion | 4.24% | 0.50x | $9.41 Million |