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    Gujarat Pipavav Port Limited

    Operates Pipavav Port in Gujarat, an all-weather port handling container, bulk, liquid & RoRo cargo.

    Services
    Services
    View GPPL earnings calls
    ₹151.22
    -2.06% from avg

    Overview

    Price

    ₹151.22

    Market Cap

    ₹7.2k Cr

    Sector

    Services

    Services

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital483483483483483483483483
    Reserves1.6k1.5k1.5k1.6k1.6k1.6k1.7k1.7k
    Borrowings5847477979635137
    Other Liabilities282363442479526498475559
    Total Liabilities2.4k2.4k2.5k2.6k2.7k2.7k2.7k2.8k
    AssetsFixed Assets1.6k1.5k1.4k1.4k1.4k1.3k1.3k1.3k
    CWIP6534995818326286
    Investments8383838383838383
    Other Assets7548399821.1k1.2k1.2k1.2k1.1k
    Total Assets2.4k2.4k2.5k2.6k2.7k2.7k2.7k2.8k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating296340384380370485446507
    Cash from Investing-122-81-101-166-82-107-56-15
    Cash from Financing-198-250-296-220-273-370-401-495
    SummaryCapital Expenditure
    Free Cash Flow264325339329312413351216
    FCF Margin

    Valuation

    Assumptions

    Current — GPPL
    Price
    ₹151
    EPS (TTM)
    ₹9.30
    PE (TTM)
    16.3
    Profit growth
    15.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (19.8×) and current (16.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹151
    vs
    Fair value · 15% return
    ₹135
    11%Overvalued

    At 15.5% growth and a 16× exit, ₹151 only delivers your return if you pay ₹135. The price is currently baking in 18% growth.

    EPS grows 15.5%/yr for 5 years, then fades to 6% over 2, exits at 16×.

    YearGrowthEPS (₹)
    FY2715.5%10.74
    FY2815.5%12.41
    FY2915.5%14.33
    FY3015.5%16.55
    FY3115.5%19.12
    FY3210.8% ·fade21.17
    FY336.0% ·fade22.44

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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